>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_267_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Hanmi Financial Corporation (HAFC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HAFC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [ServisFirst Bancshares, Inc. (SFBS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SFBS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858991/best-momentum-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Zacks Investment Research](http://www.zacks.com/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates\nArticle: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC\nArticle: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.\n\nDate: 2022-01-28\nTitle: 2 Stocks Under $100 Per Share I'd Buy Right Now Without Any Hesitation\nArticle: It'd be nice to have hundreds of thousands of dollars handy to start investing in stocks, but it's by no means a requirement. Investing on a budget can be highly profitable, especially if investors pick attractive stocks and regularly add to their positions.In what follows, we'll look at two stocks that are changing hands for well under $100 per share and that look attractive at current levels: **Pfizer** [(NYSE: PFE)](https://www.nasdaq.com/market-activity/stocks/pfe) and **Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc). Here's why these healthcare companies are worth more than a second look. [](https://ycharts.com/companies/PFE/chart/) Data by [YCharts](https://ycharts.com/). **1. Pfizer: $53.26 per share** Pfizer's coronavirus lineup alone will likely generate more sales than most pharmaceutical companies this year. The drugmaker projected that it would rack up about $29 billion from its COVID-19 vaccine, Comirnaty. Meanwhile, Pfizer's newly approved coronavirus medicine, Paxlovid, could generate upward of $10 billion. Here's how we know that. In November, Pfizer agreed to deliver 10 million treatment doses of Paxlovid to the U.S. government for $5.3 billion.That was before it had earned authorization from regulators. And after it got the green light, the U.S. government ordered an additional 10 million doses, and the U.K. obtained 2.5 million doses of the medicine. Based on these facts and figures, and even assuming Pfizer does not send out any additional shipments of Paxlovid, it seems reasonable to assume that the coronavirus treatment will generate something north of $10 billion this year.So, in total, Pfizer's COVID-19 lineup has the potential to rack up more than $39 billion in 2022. For context, the pharma giant generated $41.9 billion in revenue in 2020. [Patient paying for medicines at a pharmacy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-698111400.jpg&w=700) Image source: Getty Images. Pfizer has other non-coronavirus products that have sales growing at a rapid clip, too. During the third quarter, the company's revenue excluding its COVID-19 vaccine was $11.1 billion, increasing by a decent 7% compared to the year-ago period. Pfizer's anticoagulant Eliquis saw its increase soar by 21% year over year to $1.3 billion during the quarter, while cancer medicine Xtandi's revenue clocked in at $309 million, 16% higher than the prior-year quarter.Pfizer's biosimilar business racked up revenue of $576 million, 36% higher than the third quarter of 2020. The drugmaker has faced issues with its rheumatoid arthritis medicine Xeljans as regulators have updated the therapy's prescribing information to include increased risks of cancer and cardiovascular events. That probably played a role in Xeljanz's revenue decrease of 7% year over year to $610 million during the third quarter. But management thinks this medicine could return to growth this year, especially as it [keeps earning new indications](https://www.fool.com/investing/2022/01/03/pfizer-snagged-another-approval-for-this-immunolog/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4).Pfizer isn't just a coronavirus play, and the company is set to report another series of blowout financial results this year. And as Pfizer continues to [generate tons of cash](https://www.fool.com/investing/2022/01/12/3-growth-stocks-that-have-generated-179-billion-in/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4), it will help the company set itself up for the future. Pfizer ended the third quarter with $29.2 billion in free cash flow, which more than doubled compared with the year-ago period.Expect Pfizer to go shopping for exciting pipeline candidates to add to its already long list of programs. The company currently boasts several dozen ongoing clinical trials, many of which will no doubt yield new approvals. Pfizer could also decide to reward investors by way of share buybacks or growing dividends. The company currently offers a yield of 2.95% -- which compares favorably to the **S&P 500**'s 1.27%.And with a forward price-to-earnings ratio of just 9.5 -- compared with the industry's average of 13.3 -- Pfizer looks like a bargain. It is hard to find something to dislike with this [pharma stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/pharmaceutical-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4). **2. Teladoc: $68.18 per share** Teladoc's stock has lost all the outbreak-related gains it made back in 2020, and the company's shares are now trading near their pre-pandemic levels. Teladoc's trajectory resembles that of many other \"pandemic stocks\" that performed well -- perhaps too well -- in 2020 but ended up southbound for much of last year. Was the market's reaction justified?Here's a better question: Does Teladoc's investment thesis remain intact despite its recent struggles? In my view, the answer is a resounding yes. First, note that Teladoc has continued to record strong top-line increases and growing visits. In the third quarter, the company's revenue grew by 81% year over year to $522 million.That was on the back of a 37% year over year increase in total visits, which clocked in at 3.9 million for the quarter. True, Teladoc continues to bleed red. During the period, its net loss widened to $84.3 million, compared with the net loss of $35.9 million it reported during the year-ago period. [Adult and child in a virtual consultation with a doctor.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-1245148140.jpg&w=700) Image source: Getty Images. But it is worth noting that the company's worsening net loss was primarily due to an increase in expenses, such as amortization of intangible assets, related to the company's October 2020 acquisition of Livongo Health in a cash and stock transaction valued at $18.5 billion. According to management, the company is reinvesting cost synergies achieved through the acquisition to fuel long-term growth, which is bad for the bottom line in the short run but could more than pay off for itself in the long run. Companies at the forefront of relatively new industries with solid tailwinds often invest heavily to carve out a niche for themselves permanently.The telehealth industry will continue to grow rapidly in the coming years, especially since it provides benefits in terms of time (and money) savings to both patients and physicians. That's not to mention the convenience it offers consumers: Being able to consult a doctor from the comfort of one's home 24/7 is a pretty attractive selling point.And as one of the leaders in telemedicine with a vast network of some 50,000 clinicians, Teladoc is well-positioned to take at least a small slice of the $261 billion total addressable market in the U.S. alone. Though the red ink on the bottom line isn't ideal, Teladoc's long-term opportunities and leadership in its industry justify sticking with the company for now.While shares have been falling of late, it's impossible to know when they will hit rock bottom. After falling hard for the last 11 months, the company already looks more attractively valued than it has in the past year. That's why it's worth it to purchase its stock now while it still hovers around its 52-week low. **10 stocks we like better than Pfizer** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4) for investors to buy right now... and Pfizer wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) owns Teladoc Health. The Motley Fool owns and recommends Teladoc Health. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Provident Bancorp (PVBC) Misses Q4 Earnings Estimates\nArticle: Provident Bancorp (PVBC) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Provident Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $17.64 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $16.29 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Provident Bancorp shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Provident Bancorp?**While Provident Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PVBC/earnings-calendar), the estimate revisions trend for Provident Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $17.01 million in revenues for the coming quarter and $1 on $70.17 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Farmers & Merchants Bancorp Inc. (FMAO), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Farmers & Merchants Bancorp Inc.'s revenues are expected to be $22.3 million, up 2.5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Provident Bancorp, Inc. (PVBC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PVBC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FMAO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858717/provident-bancorp-pvbc-misses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript\nArticle: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=57619ff3-a625-495c-85d4-2d529775d4e2&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOceanFirst%2520Financial&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) for investors to buy right now... and OceanFirst Financial wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=57619ff3-a625-495c-85d4-2d529775d4e2&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOceanFirst%2520Financial&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)*Stock Advisor returns as of January 10, 2022**Christopher Maher** -- Chairman and Chief Executive OfficerThank you, Jill. And good morning to all who have been able to join our fourth quarter 2021 [earnings conference call](https://www.nasdaq.com/market-activity/earnings) today. This morning I'm joined by our president, Joe Lebel; and chief financial officer, Mike Fitzpatrick. As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: OCGN\nSecurity: Ocugen, Inc.\nRelated Stocks/Topics: Markets|VXRT|BNGO\nTitle: 4 Under-the-Radar Stocks With 319% to 645% Upside in 2022, According to Wall Street\nType: News\nPublication: The Motley Fool\nPublication Author: Sean Williams\nDate: 2022-01-29\nArticle: Despite the stock market undergoing its biggest correction in more than a year, investors have enjoyed a historic bounce from the March 2020 pandemic lows. It took less than 17 months for the broad-based **S&P 500**to double in value. By comparison, the benchmark index has returned closer to 11% annually, including dividends, since 1980.But even with these big gains for the broader market, some stocks may just be getting started. Based on the highest price target issued by Wall Street analysts and investment banks, the following four under-the-radar stocks have the potential to skyrocket between 319% and 645% in 2022. [Rising green line and ascending bar chart set atop newspaper with stock quotes. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fascending-bar-chart-line-invest-financial-newspaper-stock-market-quote-rally-bull-getty.jpg&w=700) Image source: Getty Images. **Ocugen: Implied upside of 408%**The first stock with significant upside potential, at least according to one analyst, is clinical-stage [biotech stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) **Ocugen** [(NASDAQ: OCGN)](https://www.nasdaq.com/market-activity/stocks/ocgn). According to Robert LeBoyer of Noble Financial, Ocugen can hit $15 a share, which would represent a more-than-quintupling in the company's share price, based on where it closed on Jan. 27.Ocugen's potential claim to fame and riches is its coronavirus disease 2019 (COVID-19) vaccine, Covaxin. Covaxin was developed by India's Bharat Biotech, and it yielded a respectable 78% vaccine efficacy (VE) in a 25,800-patient clinical study. Covaxin was also given the green light for emergency use by the World Health Organization (WHO) in early November. With so many people left to vaccinate globally, there's ample room for multiple vaccines to thrive.But [there's a very big catch to Ocugen's future](https://www.fool.com/investing/2021/10/05/5-ultra-popular-stocks-avoid-like-plague-october/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). The company signed a commercialization agreement with Bharat Biotech that only covers the U.S. and Canada. This means the WHO giving Covaxin a green light won't put a dime in Ocugen's pockets. Although the U.S. and Canada are highly lucrative markets for pharmaceuticals, there are already a number of well-established COVID-19 players in the U.S. and Canada. It's [not clear](https://www.fool.com/investing/2021/11/10/does-ocugen-even-have-a-shot-at-winning-eua-for-it/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) if a vaccine offering a 78% VE will even be necessary.Unless Ocugen can garner emergency use authorization in these two markets, it likely has no chance of coming anywhere close to LeBoyer's price target. [Lab technician examining a prescription drug capsule. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fresearchers-in-lab-with-pill-getty.jpg&w=700) Image source: Getty Images. **Vaxart: Implied upside of 319%**Another under-the-radar stock that could fly in 2022, assuming Wall Street is correct, is clinical-stage drug developer **Vaxart** [(NASDAQ: VXRT)](https://www.nasdaq.com/market-activity/stocks/vxrt). Analyst Yasmeen Rahimi of Piper Sandler [expects Vaxart to hit $18 a share](https://www.fool.com/investing/2021/07/15/3-small-cap-stocks-158-to-329-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which would represent a hearty 319% upside from where it closed a few days earlier.Vaxart has two core catalysts that essentially blend into one. First, it has its proprietary technology known as \"Vector-Adjuvant-Antigen Standardized Technology,\" or VAAST. Whereas most vaccine-based medicines provide a clear systemic response, Vaxart is attempting to lean on VAAST to create oral treatments that elicit systemic and mucosal immunity. In other words, its therapies would offer potentially greater protection against airborne viruses.The second catalyst is the development of an oral COVID-19 treatment. Last year, Vaxart's early stage data from its oral COVID-19 therapy showed mixed results. While it did produce a notable immune response, the level of neutralizing antibodies [was considerably lower in pill form](https://www.fool.com/investing/2021/05/09/is-vaccine-maker-vaxart-worth-holding-from-here/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) relative to traditional vaccines.Vaxart's plan of attack, so to speak, is to target a specific protein with its mid-stage trial. Though an oral COVID-19 treatment [would be a game-changer](https://www.fool.com/investing/2022/01/27/4-of-fastest-growing-stocks-on-the-planet-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) from a distribution perspective, we still look to be a ways off from having anything definitive hitting pharmacy shelves. [A lab researcher using a pipette to take liquid samples. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fpharma-biotech-lab-drug-research-pipette-test-tube-getty.jpg&w=700) Image source: Getty Images. **Intercept Pharmaceuticals: Implied upside of 468%**Interestingly, Vaxart isn't the only biotech stock that Rahimi sees skyrocketing in 2022. The Piper Sandler analyst also has [an $82 price target](https://www.fool.com/investing/2021/11/03/5-biotech-stocks-105-to-386-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) on liver disease-focused drug developer **Intercept Pharmaceuticals** [(NASDAQ: ICPT)](https://www.nasdaq.com/market-activity/stocks/icpt). If Intercept were to reach $82 this year, it'd mark a 468% increase from where it is now.The single biggest catalyst that makes or breaks Rahimi's case is obeticholic acid (OCA), a late-stage treatment for nonalcoholic steatohepatitis (NASH). NASH is a liver disease that affects between 2% and 5% of all U.S. adults, and is characterized by liver fibrosis that can lead to cancer and even death. There is no cure for NASH, but it's a $35 billion untapped opportunity for drugmakers.Nearly three years ago, Intercept reported data from its late-stage Regenerate trial, which examined OCA in patients with NASH. While the study did [reach one of its two co-primary endpoints](https://www.fool.com/investing/2021/04/30/3-turnaround-stocks-91-to-104-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) -- a statistically significant reduction in liver fibrosis without a worsening in NASH -- the patients in the highest-dose arm (the most-effective group) showed a big uptick in pruritus (itching) and trial discontinuations, relative to the placebo arm. The U.S. Food and Drug Administration (FDA) chose to issue a Complete Response Letter to Intercept demanding additional trial and safety data on OCA.Sometime within the next two months, Intercept is expected to release data from its phase 3 Reverse study in patients with compensated cirrhosis due to NASH. The data from this study should allow Intercept to resubmit its new drug application with the FDA. Even if OCA is only approved for a small subset of patients, it [could offer billion-dollar sales potential](https://www.fool.com/investing/2021/04/01/3-top-stocks-thatll-make-you-richer-in-april/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). But reaching $82 this year might be asking a bit much. [A lab technician using a pipette to place a liquid sample under a high-powered microscope.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fbiotech-lab-researcher-microscope-getty.jpg&w=700) Image source: Getty Images. **Bionano Genomics: Implied upside of 645%**But the mountain of upside opportunity, at least pertaining to this list of under-the-radar stocks, belongs to genome-analysis company **Bionano Genomics** [(NASDAQ: BNGO)](https://www.nasdaq.com/market-activity/stocks/bngo). According to analyst Kevin DeGeeter of **Oppenheimer**, [Bionano could rally to $14](https://www.fool.com/investing/2021/09/29/5-ultra-popular-stocks-with-120-to-190-upside/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which implies upside of 645%!The excitement surrounding Bionano Genomics started a little over a year ago when the company issued numerous press releases and studies [showcasing its optical genome mapping (OGM) system](https://www.fool.com/investing/2021/01/27/should-you-buy-bionano-genomics-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) known as Saphyr. For instance, one study, released in December 2020, showed Saphyr had better success in identifying large structural genome variations than a similar OGM system developed by **Pacific Biosciences**. In addition to being more effective, it was the cheaper of the two, as well.What Saphyr brings to the table is a potentially licensable technology that drug developers could use to better target gene variations of hard-to-treat diseases. Assuming Bionano can generate some licensing revenue, this incoming capital, along with dilutive share sales, should provide enough cash for the company to build up its use case for Saphyr.On the other hand, it could be years before Saphyr gets a green light from the FDA. Without this proverbial green light, it could be difficult for Bionano Genomics to secure research/license agreements that generate revenue. Having fallen well off its highs, Bionano [is intriguing for long-term investors](https://www.fool.com/investing/2021/09/16/4-small-cap-growth-stocks-increase-sales-707-9406/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) with a high tolerance for risk and reward. But reaching $14 in 2022 is not something I'd expect without FDA approval. **10 stocks we like better than Ocugen, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) for investors to buy right now... and Ocugen, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) owns Intercept Pharmaceuticals. The Motley Fool recommends Intercept Pharmaceuticals. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 3.18111\nStock Price 2 days before: 3.22135\nStock Price 1 day before: 3.02542\nStock Price at release: 3.0238\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":3.08498,"string":"3.08498"}}},{"rowIdx":287,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: fuboTV Inc Shares Approach 52-Week Low - Market Mover\nArticle: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-28\nTitle: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?\nArticle: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its \"selling, general, and administrative\" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends\nArticle: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-29\nTitle: TSLA, LCID, RIVN, FSR, NKLA: Why Are EV Stocks Down Today?\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Yesterday brought an exciting update in the electric vehicle (EV) race. T** esla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) was [reporting results](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) for the final quarter of 2021 and interest was high. Elon Musk reported better-than-expected earnings and revenue and provided an updated project roadmap. In spite of all the good news, TSLA stock has been falling hard today and many of its EV peers have followed suit. In fact, every major U.S. EV producer is in the red today, a list that includes **Lucid** (NASDAQ: [LCID](https://investorplace.com/stock-quotes/lcid-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rivian** (NASDAQ: [RIVN](https://investorplace.com/stock-quotes/rivn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Fisker** (NYSE: [FSR](https://investorplace.com/stock-quotes/fsr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Nikola** (NASDAQ: [NKLA](https://investorplace.com/stock-quotes/nkla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This has been a bad day for EV stocks since markets opened and it hasn’t improved. [Electric vehicle logo painted on a blue street](https://investorplace.com/wp-content/uploads/2021/03/electric-vehicles-300x169.jpeg) Source: Shutterstock** Why Are EV Stocks Down Today?**The patterns demonstrated by all five EV stocks mentioned above look fairly similar. Indeed, each company began this morning on a high note but was quick to start falling. For all the attention it has received, though, TSLA stock’s decline is not the worst of the day. As of this writing, it is currently down 8.6% and shows no signs of a rebound.Not that any of these EV stocks do. LCID has fallen the most of the five, slipping more than 12% so far. RIVN is next on the list with decline of more than 9%. FSR isn’t doing much better. The only member of this EV pack that has faired better than Tesla so far is NKLA, whose loss for the day is just shy of 7%. **Why It Matters** For an industry’s whose rapid growth defined investing in 2021, declines of this sort are not encouraging. It’s also worth noting that this isn’t the first sign of such a downward trend. Earlier this week, we saw [several EV stocks plunge into the red](https://investorplace.com/2022/01/electric-vehicle-stocks-why-ev-plays-tsla-nio-rivn-lcid-and-xpev-are-falling-today/?utm_source=Nasdaq&utm_medium=referral), along with their Chinese peers **Nio** (NYSE: [NIO](https://investorplace.com/stock-quotes/nio-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Xpeng** (NYSE: [XPEV](https://investorplace.com/stock-quotes/xpev-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). InvestorPlace contributor William White attributed these declines to the negative momentum sweeping markets.That was three days ago, but sadly, not much has changed. TSLA stock rose yesterday as anticipation mounted for its [earnings call](https://www.nasdaq.com/market-activity/earnings) Now with the call behind us, there’s nothing to keep driving the enthusiasm that sometimes elevates markets in the short term. We all know that EV stocks follow the path of Tesla. Where the industry leader goes, they will follow. And right now, TSLA stock’s growth has stalled. Additionally, as InvestorPlace Assistant News Writer Eddie Pan [noted](https://investorplace.com/2022/01/rivian-stock-alert-why-is-rivn-leading-ev-stocks-down-today/?utm_source=Nasdaq&utm_medium=referral), Rivian’s Q3 reported earnings tell the story of a still-unprofitable company. At a quick glance, it’s easy to see the struggles of the EV sector and wonder about its profitability. To do so, though, would be to ignore the many catalysts that point toward growth in the year ahead. Both Tesla and Lucid have given investors plenty of reason to believe that they will continue [scaling production](https://investorplace.com/2022/01/production-growth-prospects-make-lcid-stock-worth-a-small-investment/?utm_source=Nasdaq&utm_medium=referral) in 2022, which is likely to drive sustainable growth. Fisker will also have the opportunity to rally as the hype surrounding its popular Ocean SUV continues to build. And investments in [EV infrastructure](https://investorplace.com/2022/01/lcid-and-rivn-stocks-will-benefit-from-this-emerging-electric-vehicle-trend/?utm_source=Nasdaq&utm_medium=referral) that we will see in 2022 are likely to boost both LCID and RIVN. **What It Means** The EV race has hit a roadblock, but 2022 is just getting started. There’s plenty of time for these companies to regain the momentum that they’ve temporarily lost. [EV demand](https://www.axios.com/electric-vehicle-sales-expected-surge-2022-91bee1e9-6d82-4da8-b254-27a61eef17a4.html) is still high and it is only growing. When the economic landscape improves, so will these companies. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [TSLA, LCID, RIVN, FSR, NKLA: Why Are EV Stocks Down Today?](https://investorplace.com/2022/01/tsla-lcid-rivn-fsr-nkla-why-are-ev-stocks-down-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates\nArticle: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: New 52-Week Low Could Prompt More Insider Buying At CNDT\nArticle: In trading on Friday, shares of Conduent Inc (Symbol: CNDT) touched a new 52-week low of $4.49/share. That's a $4.01 share price drop, or -47.18% decline from the 52-week high of $8.50 set back on 06/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for CNDT that means the stock would have to gain 89.31% to get back to the 52-week high. For a move like that, Conduent Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as CNDT shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, CNDT has seen 4 different instances of insiders buying over the past six months. \\begin{table}{|c|c|c|c|c|c|} \\hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\\\ \\hline 08/10/2021 & A. Scott Letier & Director & 10,000 & $6.89 & $68,900.00 \\\\ \\hline 08/10/2021 & Clifford Skelton & President and CEO & 14,970 & $6.68 & $99,999.60 \\\\ \\hline 08/12/2021 & Mark Prout & EVP, Chief Information Officer & 3,000 & $7.07 & $21,219.00 \\\\ \\hline 08/26/2021 & Mark Simon Brewer & EVP, Transportation & 3,703 & $6.75 & $24,995.25 \\\\ \\hline \\end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where CNDT has traded over the past year, with the 50-day and 200-day moving averages included. [Conduent Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for CNDT shares, which are presently showing a last trade of $4.54/share, slightly above the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)\n\nDate: 2022-01-28\nTitle: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans\nArticle: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [jcavuoto@newtekone.com](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.\n\nDate: 2022-01-29\nTitle: Thursday Market Update: Why Were Stocks Up Today?\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Steelcase Named \"Best Place to Work for LGBTQ Equality\"\nArticle: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \\begin{table}{|c|} \\hline Media Contact: \\\\ \\hline Katie Woodruff \\\\ \\hline Corporate Communications \\\\ \\hline (616) 915 - 8505 \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.\n\nDate: 2022-01-28\nTitle: Novavax and Israel Announce Advance Purchase Agreement for Supply of COVID-19 Vaccine\nArticle: **The Novavax vaccine would be the first protein-based alternative available in Israel** GAITHERSBURG, Md., Jan. 28, 2022 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, and Israel's Ministry of Health today announced an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M™ adjuvant. \"Israel has been at the forefront of the fight against COVID-19 and has demonstrated strong leadership throughout the pandemic,\" said Stanley C. Erck, President and Chief Executive Officer, Novavax. \"We thank the Israeli Ministry of Health for their commitment to providing a protein-based COVID-19 vaccine option, based on well-understood technology, to the people of Israel.\" Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico, the results of which were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM); and a trial with almost 15,000 participants in the U.K. which was also published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups. The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the [European Union](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2488037643&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D4293825725%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3397167-1%2526h%253D2118831841%2526u%253Dhttps%25253A%25252F%25252Fir.novavax.com%25252F2021-12-20-European-Commission-Grants-Conditional-Marketing-Authorization-for-Novavax-COVID-19-Vaccine%2526a%253Dconditional%252Bmarketing%252Bauthorization%26a%3DEuropean%2BUnion&a=European+Union) and emergency use listing (EUL) from the [World Health Organization](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=4247948068&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D3156131270%26u%3Dhttps%253A%252F%252Fir.novavax.com%252F2021-12-20-World-Health-Organization-Grants-Second-Emergency-Use-Listing-for-Novavax-COVID-19-Vaccine%26a%3DWorld%2BHealth%2BOrganization&a=World+Health+Organization) (WHO), among others. The vaccine is also currently under review by multiple regulatory agencies worldwide. The company submitted its complete chemistry, manufacturing and controls (CMC) data package to the U.S. Food and Drug Administration (FDA) at the end of 2021 and expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with [guidance](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=681615644&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D433303435%26u%3Dhttps%253A%252F%252Fwww.fda.gov%252Fmedia%252F142749%252Fdownload%26a%3Dguidance&a=guidance) from the FDA regarding submission of all EUA vaccines. **About NVX-CoV2373**NVX-CoV2373 is a protein-based vaccine engineered from the genetic sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19 disease. NVX-CoV2373 was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Novavax' patented saponin-based Matrix-M™ adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. NVX-CoV2373 contains purified protein antigen and can neither replicate, nor can it cause COVID-19. Novavax' COVID-19 vaccine is packaged as a ready-to-use liquid formulation in a vial containing ten doses. The vaccination regimen calls for two 0.5 ml doses (5 mcg antigen and 50 mcg Matrix-M adjuvant) given intramuscularly 21 days apart. The vaccine is stored at 2°- 8° Celsius, enabling the use of existing vaccine supply and cold chain channels. Use of the vaccine should be in accordance with official recommendations. Novavax has established partnerships for the manufacture, commercialization and distribution of NVX-CoV2373 worldwide. Existing authorizations leverage Novavax' manufacturing partnership with Serum Institute of India (SII), the world's largest vaccine manufacturer by volume. They will later be supplemented with data from additional manufacturing sites throughout Novavax' global supply chain. **About the NVX-CoV2373 Phase 3 trials** NVX-CoV2373 is being evaluated in two pivotal Phase 3 trials. PREVENT-19, a trial in the U.S. and Mexico that enrolled almost 30,000 participants, achieved 90.4% efficacy overall. It was designed as a 2:1 randomized, placebo-controlled, observer-blinded study to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373. The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second dose in serologically negative (to SARS-CoV-2) adult participants at baseline. The statistical success criterion included a lower bound of 95% CI >30%. The key secondary endpoint is the prevention of PCR-confirmed, symptomatic moderate or severe COVID-19. Both endpoints were assessed at least seven days after the second study vaccination in volunteers who had not been previously infected with SARS-CoV-2. It was generally well-tolerated and elicited a robust antibody response after the second dose in both studies. Full results of the trial were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM). A trial conducted in the U.K. with 14,039 participants was designed as a randomized, placebo-controlled, observer-blinded study and achieved overall efficacy of 89.7%. The primary endpoint was based on the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second study vaccination in serologically negative (to SARS-CoV-2) adult participants at baseline. Full results of the trial were published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). **About Matrix-M™ Adjuvant** Novavax' patented saponin-based Matrix-M™ adjuvant has demonstrated a potent and generally well-tolerated effect by stimulating the entry of antigen-presenting cells into the injection site and enhancing antigen presentation in local lymph nodes, boosting immune response. **About Novavax** Novavax, Inc. (Nasdaq: NVAX) is a biotechnology company that promotes improved health globally through the discovery, development and commercialization of innovative vaccines to prevent serious infectious diseases. The company's proprietary recombinant technology platform harnesses the power and speed of genetic engineering to efficiently produce highly immunogenic nanoparticles designed to address urgent global health needs. NVX-CoV2373, the company's COVID-19 vaccine, has received authorization from multiple regulatory authorities globally, including Conditional Marketing Authorization from the European Commission and Emergency Use Listing from the World Health Organization. The vaccine is also under review by multiple regulatory agencies worldwide. For more information, visit [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com) and connect with us [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1749870132&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnovavax%2F&a=LinkedIn). **Forward-Looking Statements** Statements herein relating to the future of Novavax, its operating plans and prospects, its partnerships, the ongoing development of NVX-CoV2373, the scope, timing and outcome of future regulatory filings and actions, including Novavax' plans to submit an EUA application to the U.S. FDA after one month, the potential impact of Novavax and NVX-CoV2373 in addressing vaccine access, controlling the pandemic and protecting populations, the efficacy, safety and intended utilization of NVX-CoV2373, and the expected delivery of NVX-CoV2373 are forward-looking statements. Novavax cautions that these forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include challenges satisfying, alone or together with partners, various safety, efficacy, and product characterization requirements, including those related to process qualification and assay validation, necessary to satisfy applicable regulatory authorities; difficulty obtaining scarce raw materials and supplies; resource constraints, including human capital and manufacturing capacity, on the ability of Novavax to pursue planned regulatory pathways; challenges meeting contractual requirements under agreements with multiple commercial, governmental, and other entities; and those other risk factors identified in the \"Risk Factors\" and \"Management's Discussion and Analysis of Financial Condition and Results of Operations\" sections of Novavax' Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission (SEC). We caution investors not to place considerable reliance on forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at [www.sec.gov](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1242319065&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov) and [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com), for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of the statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. **Contacts:** InvestorsNovavax, Inc.Erika Schultz | 240-268-2022 [ir@novavax.com](mailto:ir@novavax.com) Solebury TroutAlexandra Roy | 617-221-9197 [aroy@soleburytrout.com](mailto:aroy@soleburytrout.com) MediaAli Chartan | 240-720-7804Laura Keenan Lindsey | 202-709-7521 [media@novavax.com](mailto:media@novavax.com) [](https://mma.prnewswire.com/media/1506866/Novavax_High_Res_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=PH43882&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html](https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html) SOURCE Novavax, Inc.\n\nDate: 2022-01-28\nTitle: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA\nArticle: Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%. **Contact:** **Becky Coleridge****732-577-9996** ###### [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTM3MSM0Njk5NzA2IzUwMDA3MTc0NA==) [Image](https://ml.globenewswire.com/media/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==/tiny/Monmouth-Real-Estate-Investmen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fbe61113-8286-4974-ac63-97b9dddf4ffa) Source: Monmouth Real Estate Investment Corporation\n\nDate: 2022-01-28\nTitle: First Week of NKLA March 11th Options Trading\nArticle: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover\nArticle: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: CRON\nSecurity: Cronos Group Inc.\nRelated Stocks/Topics: Unknown\nTitle: 2 Stocks to Avoid Like the Plague in 2022\nType: News\nPublication: The Motley Fool\nPublication Author: Prosper Junior Bakiny\nDate: 2022-01-29\nArticle: The stock market hasn't been in the best shape this year. Growth stocks have been hit particularly hard due to valuation concerns and impending interest rate hikes in the U.S. All these issues are merely temporary, though, and it'd be best for investors to look past them and hold on to shares of great companies.However, some stocks are facing deeper problems and aren't worth investing in for the long haul. Let's consider two such stocks: **Inovio Pharmaceuticals** [(NASDAQ: INO)](https://www.nasdaq.com/market-activity/stocks/ino) and **Cronos Group** [(NASDAQ: CRON)](https://www.nasdaq.com/market-activity/stocks/cron). [](https://ycharts.com/companies/INO/chart/)[INO](https://ycharts.com/companies/INO) data by [YCharts](https://ycharts.com/)**1. Inovio Pharmaceuticals** Inovio Pharmaceuticals is a clinical-stage biotech that focuses on developing DNA-based therapies and vaccines for various viruses and infectious diseases. And after being one of the leaders in the hunt for a COVID-19 vaccine back in early 2020, it has fallen on hard times in the past two years. The company's shares are now trading near their pre-pandemic levels.But the biotech hasn't given up on its hopes to enter the coronavirus vaccine market. It is currently running a phase 3 clinical trial for its candidate, INO-4800, in several countries. The company plans to release some data from this study in the first half of the year.Inovio's goal is to target those countries where there remains an unmet need for coronavirus vaccines. However, it is unclear whether the company's strategy can work. First, it will have to produce solid results for its candidate in its ongoing pivotal clinical trial. Indeed, the company will have to show that INO-4800 is as good as the best available vaccines. Otherwise, the market will mostly shrug at the results of its ongoing study.After all, if Inovio's candidate isn't at least as potent as the already approved vaccines, why would it see any meaningful success? [Doctor vaccinating patient.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662563%2Fgettyimages-1298099633.jpg&w=700) Image source: Getty Images. Second, while the authorization process for many other vaccines was fast, now that vaccines are widely available, Inovio's path to launching its candidate on the market may be much longer. Third, Inovio will unquestionably face competition in the market no matter which country it targets with its candidate. The biotech has other candidates in the pipeline, but none will hit the market this year. Further, as a clinical-stage biotech, Inovio currently has no products on the market and is consistently unprofitable.All these factors add a considerable amount of uncertainty to Inovio's future. The market does not like uncertainty, and given how volatile it has been in the past three months, investing in stock as risky as Inovio seems like the wrong move. That's why investors should stay away from this [biotech stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df) this year. **2. Cronos Group** Toronto-based Cronos Group, which produces and sells various recreational and medical cannabis products, has been involved in a bit of drama lately. On Nov. 9, it filed a form 12b-25 with the U.S. Securities and Exchange Commission. This is a form companies must file with the authorities when they anticipate not being able to meet the deadline to release their quarterly updates. Cronos Group said it needs more time evaluating some impairment charges before reporting its third-quarter results for the period ending Sept. 30, 2021.Investors reacted to this news by [sending Cronos Group's stock tumbling](https://www.fool.com/investing/2022/01/07/why-cronos-group-stock-slumped-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df), and with good reason. A publicly-traded company not being able to meet the deadline to file its quarterly report isn't unheard of -- that's why form 12b-25 exists in the first place. Yet this turn of events isn't the norm, either, not by a long shot. The market might have been more lenient with Cronos Group if there were other things to cheer about the company. But alas, the pot grower's results have hardly been satisfactory.True, Cronos continues to record rapidly growing revenue. In the second quarter, which ended June. 30, Cronos Group's net revenue came in at $15.6 million, 58% higher than the year-ago period. Although the company recorded a gross loss of $15.8 million, which was much worse than the gross loss of $2.9 million it recorded during the third quarter of 2020. It seems that even as the revenues increase, the cost of sales and inventory write-downs outpace the sales, which could hint at some operational issues. Cronos Group also reported an operating loss of $60.2 million, which was worse than the operating loss of $34.7 million it recorded for the year-ago period. Cronos Group's net income of $56.8 million during the quarter was due to noncash income that isn't at all related to its day-to-day business operations. That's very disappointing because recreational use of marijuana has been legal in Canada since late 2018.At this stage, many expected cannabis companies to be performing a lot better than they are. That's especially the case for Cronos Group since it famously partnered up with **Altria**. In 2018, the tobacco giant, Altria, invested 2.4 billion Canadian dollars in Cronos and acquired a 45% stake in the pot company. Altria's large cash reserves and vast international footprints were supposed to help catapult Cronos Group to the next level.But three years after the fact, the cannabis company remains unable to record consistent profits -- that is, without relying on gains on the revaluation of derivative liabilities related to the deal with Altria. What's more, Cronos Group's revenue figures pale in comparison to those of many of its peers. Investors interested in cannabis companies would be better served considering purchasing shares of a company like **Trulieve Cannabis**, which has an impressive presence across the U.S. and is [consistently profitable](https://www.fool.com/investing/2021/12/20/this-wildly-undervalued-cannabis-stock-could-go-pa/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df).As far as Cronos Group is concerned, perhaps the company has a bright future ahead but based on the available data, it's not worth it to invest in this company right now. **10 stocks we like better than Inovio Pharmaceuticals** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=006ba1bd-cdb7-4646-87f9-81407591ec1b&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DInovio%2520Pharmaceuticals&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df) for investors to buy right now... and Inovio Pharmaceuticals wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=006ba1bd-cdb7-4646-87f9-81407591ec1b&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DInovio%2520Pharmaceuticals&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 3.39864\nStock Price 2 days before: 3.42414\nStock Price 1 day before: 3.34944\nStock Price at release: 3.40206\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":3.43807,"string":"3.43807"}}},{"rowIdx":288,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-29\nTitle: 7 Little-Known Penny Stocks That Could Take Off Any Moment\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Usually, investment writers bury the fine print at the end of the article. You know the story, though: all investments involve risk and therefore, you must practice due diligence. That’s fine when discussing blue-chip equities. But when you’re dealing with penny stocks, you’ve got to go above and beyond. One of the biggest reasons for the extra precautionary disclosures is that penny stocks are wildly risky. When you speak with a certified investment professional (as in, not this author), you will almost certainly be directed to a portfolio of high-quality securities and investments with rational bullish narratives. Unfortunately, the speculative fare tempts you with their cheap prices — which typically get cheaper after purchase.Sure, your “friends” on social media will brag about their gains and their newfound financial freedom acquired through penny stocks. First off, people lie on the internet (believe me, it happens). Second, someone somewhere will win the lottery. But that doesn’t bear any relevance to whether you will win out. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Therefore, I’m going to share with you what my former martial arts instructor told me: rule number one is don’t get hurt. This applies to self-defense as it does to these penny stocks to consider. - **Bolt Biotherapeutics** (NASDAQ: [BOLT](https://investorplace.com/stock-quotes/bolt-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AMMO Inc.** (NASDAQ: [POWW](https://investorplace.com/stock-quotes/poww-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Seanergy Maritime** (NASDAQ: [SHIP](https://investorplace.com/stock-quotes/ship-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McEwen Mining** (NYSE: [MUX](https://investorplace.com/stock-quotes/mux-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Waitr** (NASDAQ: [WTRH](https://investorplace.com/stock-quotes/wtrh-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Boxlight** (NASDAQ: [BOXL](https://investorplace.com/stock-quotes/boxl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **First Graphene** (OTCMKTS: [FGPHF](https://investorplace.com/stock-quotes/fgphf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) Overall, the important point is that if you decide to gamble on these ideas, you’re doing it because you feel it’s the right opportunity. Don’t let me or anybody else sway you into investments you are not comfortable taking. And with that in mind, let’s dive in and take a closer look at these penny stocks to consider. **Penny Stocks: Bolt Biotherapeutics ([BOLT](https://www.nasdaq.com/market-activity/stocks/BOLT)))** [A close-up concept image of a tiny glass vial with a strand of DNA in it.](https://investorplace.com/wp-content/uploads/2021/03/biotech-stocks-2-300x169.jpg) Source: Shutterstock Most of the ideas I have will be priced literally as penny stocks, at least as of the time of this writing. In contrast, most folks will consider Bolt Biotherapeutics as being priced on the upper spectrum of what would be considered a penny stock. However, you should note that one year ago, Bolt was one of the more promising initial public offerings (IPO) in the biotechnology space.On Feb. 5, 2021, shares closed at $32.15. However, at the end of the third week of 2022, BOLT stock ended the session at $3.63, nearly an 89% loss. Even on a year-to-date (YTD) basis, the numbers are horrifying, with a drop of more than 30%. If you didn’t pay attention to anything I said about penny stocks above, it’s time to sober up.This is not a comfortable trade by any stretch of the imagination.However, there is a possibility that Bolt — which is pioneering a new category of targeted immunotherapies to facilitate anti-tumor immune responses — could eventually enjoy a resurgence. Currently, a huge need exists for therapeutics designed to address difficult-to-treat solid tumors. With that in mind, Bolt has provided some encouraging data, though early-stage biotechs are almost always crapshoots. **AMMO Inc. ([POWW](https://www.nasdaq.com/market-activity/stocks/POWW)))** [many ammunition bullets pattern background](https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg) Source: ThomasLENNE / Shutterstock.com A positive element about penny stocks is that they can facilitate equity ownership in underappreciated industries. I’m not entirely sure I would classify the ammunition industry as underappreciated, but the supply shortage that prompted massive runs on guns and price hikes on ammo created a huge opportunity for AMMO Inc.However, the narrative has shifted, at least on the charts. On a YTD basis, POWW stock plummeted nearly 25%. Over the trailing six months, the damage is even more pronounced, with the security hemorrhaging more than 43%. Some of the negativity could be due to shareholders being worried about [Ammo’s acquisition of GunBroker.com](https://www.benzinga.com/markets/penny-stocks/22/01/25128592/acquisition-gives-ammo-nasdaq-poww-an-online-marketplace), which is the world’s largest marketplace for firearms and related products.In my view, the selloff seems overdone, mainly because the supply crunch in the ammo industry isn’t yet over. According to the National Interest, both hunters and stores in the deep south are “having [trouble accessing ammunition](https://nationalinterest.org/blog/buzz/deep-south-faces-ammo-shortage-199756) during the height of hunting season.” - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) Of course, a major headwind is that new production takes time to distribute throughout the supply chain. Furthermore, the spike in gun demand from average everyday citizens have forced ammo manufacturers to concentrate on the most profitable calibers. Either way, there’s still a supply shortage, boding well for POWW stock. **Penny Stocks: Seanergy Maritime ([SHIP](https://www.nasdaq.com/market-activity/stocks/SHIP)))** [A photo of a large oil shipping rig.](https://investorplace.com/wp-content/uploads/2020/04/oil-shipping-3-300x169.jpg) Source: Shutterstock From a charting analysis perspective, Seanergy Maritime is among the more intriguing penny stocks. While other speculative ideas have incurred horrendous losses on a YTD basis, SHIP stock has kept relatively afloat, losing only 4%. That’s a better profile than some of the blue-chip equities that I’ve seen during this broader market fallout.With the exception of a brief blip higher, SHIP stock has been trending in a horizontal channel since the beginning of December last year. That’s usually a frustrating condition for most other asset categories. For penny stocks, though, it could be a sign that at any moment, a wave of buying activity could lift SHIP stock — if only temporarily.According to its website, Seanergy is billed as the “ [only pure-play Capesize shipping company](https://www.seanergymaritime.com/en/about/company-profile) listed in the US capital markets.” As you know, the shipping industry has been under the microscope due to the ongoing global supply chain crisis. But looking beyond the novel coronavirus pandemic, experts project the dry bulk shipping market to be worth $5.5 billion by 2030, registering a [compound annual growth rate of 4% between 2022 and 2030](https://www.marketresearchfuture.com/reports/dry-bulk-shipping-market-8308).Sure, it’s slow growth. But at these deflated levels, SHIP stock might be interesting to the hardened speculator. **McEwen Mining ([MUX](https://www.nasdaq.com/market-activity/stocks/MUX)))** [a cart filed with gold in a gold mine](https://investorplace.com/wp-content/uploads/2019/07/mining1600c-300x169.jpg) Source: Shutterstock As I write this, McEwen Mining closed the Jan 21. session at 95 cents. Depending on how broader sentiment plays out, this could be one of the penny stocks that are no longer literally the case by the time you read this. Specializing in precious metal mining, MUX stock might generate interest among those who wish to speculate on the possibly incoming fear trade.Although an interesting concept, it’s a tough one to have confidence in. Namely, the Federal Reserve has admitted great concern over [soaring consumer prices](https://www.nytimes.com/2021/12/10/business/cpi-inflation-november-2021.html#:~:text=The%20Consumer%20Price%20Index%20climbed,quickest%20annual%20reading%20since%201991.). Therefore, it seems a sure bet that the central bank will implement an aggressively hawkish monetary policy. That will likely raise borrowing costs, thus lifting the dollar above other international currencies.On paper, that wouldn’t be positive for precious metals. Then again, this sector has been looking enticing since December last year. It could be that fear of the unknown will lift the metals, irrespective of a rising dollar. - [7 Penny Stocks To Pick Up for Profits in Q1](https://investorplace.com/2022/01/7-penny-stocks-to-pick-up-for-profits-in-q1/?utm_source=Nasdaq&utm_medium=referral) However, it’s also important to note that McEwen is [also involved in copper mining](https://www.mcewenmining.com/operations/los-azules/default.aspx), with the underlying asset being critical for [electric vehicles](https://investorplace.com/understanding-investment-opportunity-electric-vehicle-ev-stocks/?utm_source=Nasdaq&utm_medium=referral) (EVs). That’s no guarantee of upside, but MUX stock is one of the penny stocks to watch carefully. **Penny Stocks: Waitr ([WTRH](https://www.nasdaq.com/market-activity/stocks/WTRH)))** [Photo of Waitr (Source: PREMIO STOCK / Shutterstock.com To be completely upfront, I don’t have the greatest of confidence in Waitr, an on-demand food-delivery service that connects users with several local establishments. As you might imagine, the platform experienced a surge in demand following the initial intrusion of the coronavirus pandemic. But as people became acclimated to the crisis, WTRH stock suffered considerably.Also, Waitr came to the public market via a reverse merger with a [special purpose acquisition company](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) (SPAC) before SPACs became a hot commodity. Still, post-business combination [SPACs have underperformed benchmark indices](https://www.indxx.com/indices/thematic/indxx-spac--nextgen-ipo-index-tr) over the trailing year. Overall, WTRH stock truly demonstrates the risks involved with merging with shell companies. The equity unit is down almost 95% against its $10 initial offering price.However, is there an outside chance that WTRH stock could be worth something for the speculator? Suffering a 25% YTD loss, the situation doesn’t look good. However, mitigation protocols to address the omicron threat makes going to restaurants a bit of a drag. More critically, according to experts, a possibility still exists that a [highly infectious and deadly variant could emerge](https://www.msn.com/en-us/health/medical/more-infectious-than-omicron-deadly-like-delta-ucsd-doc-on-possibilities-for-future-covid-variants/ar-AASXuOU?ocid=msedgntp).That said, I don’t want to think about it and that’s the point. WTRH stock is one of the penny stocks that largely only has a cynical thesis. **Boxlight (BOXL)** [Boxlight (BOXL) website under magnifying glass](https://investorplace.com/wp-content/uploads/2020/07/boxl-stock-300x169.jpg) Source: Pavel Kapysh / Shutterstock.com Billed as an [innovative education platform](https://mimio.boxlight.com/) that provides better solutions for better results, Boxlight from a bigger-picture perspective seems like one of the most compelling penny stocks available. Essentially, the company offers a holistic solution to the academic market, enabling students to learn key subjects such as STEM (science, technology, engineering, math) in an effective manner, thus improving educational outcomes for everyone.Sadly, the market doesn’t exactly feel the same way. Since the January opener, BOXL shares have dropped nearly 26%, a conspicuously steep figure even when stacked against other risky penny stocks. Over the trailing half-year period, the security has succumbed to a 48% move below parity.If you’re asking why, the issue likely stems from the omicron variant, specifically its impact on school systems. They’re shutting down, eschewing the traditional learning experience for at-home learning. It’s a tough position to be in because, in the name of safety, [we could really be damaging future generations of American workers](https://www.washingtonpost.com/outlook/2022/01/06/omicron-school-closures/). - [7 Undervalued Stocks That Won't Stay That Way for Long](https://investorplace.com/2022/01/7-undervalued-stocks-that-wont-stay-deflated/?utm_source=Nasdaq&utm_medium=referral) Furthermore, the Washington Post warned about a lost generation as research indicates [students are sliding backward](https://www.washingtonpost.com/education/students-falling-behind/2020/12/06/88d7157a-3665-11eb-8d38-6aea1adb3839_story.html). Thus, Boxlight’s relevance could spike up BOXL stock. We just don’t know when that will be. **Penny Stocks: First Graphene (FGPHF)** [A digital illustration of 3D graphene molecules.](https://investorplace.com/wp-content/uploads/2020/11/graphene-300x169.jpg) Source: Shutterstock Before we get into a discussion about First Graphene, I own a few shares of this extremely speculative idea. Therefore, take it with a grain of salt and always conduct your due diligence, especially with risky penny stocks.Although buying shares presently priced at 14 cents is not necessarily the wisest move, I was nevertheless encouraged by the underlying narrative. As one of the few legitimate research and developers of graphene-based products, First Graphene has enormous potential provided that its business strategies go according to plan. As the [strongest material known to exist](https://newscenter.lbl.gov/2016/02/08/graphene-is-strong-but-is-it-tough/#:~:text=Graphene%2C%20a%20material%20consisting%20of,extraordinary%20mechanical%20and%20electrical%20properties.), the namesake asset offers substantial additive applications.For instance, graphene-treated concrete could yield more resilient buildings and cut down on material waste. Also, concrete is a [surprising source of carbon emissions](https://www.bbc.com/news/science-environment-46455844); thus, improving its durability is an environmentally accretive endeavor.If that wasn’t enough to pique your curiosity, First Graphene recently [achieved a milestone with its high-performing supercapacitor materials project](https://firstgraphene.net/graphene-based-supercapacitor-materials-deliver-85-improvement-in-energy-density-levels/), which has obvious implications for EVs and the next generation of clean transportation initiatives. It’s no wonder so many have labeled graphene as a miracle material.Still, this is a super-risky play. So only gamble with money you can afford to lose. On the date of publication, Josh Enomoto held a LONG position in FGPHF. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.The post [7 Little-Known Penny Stocks That Could Take Off Any Moment](https://investorplace.com/2022/01/7-little-known-penny-stocks-take-off-any-moment/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?\nArticle: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Best Income Stocks to Buy for January 28th\nArticle: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Boyd Gaming (BYD) Launches Sports Betting in Louisiana\nArticle: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)\n\nDate: 2022-01-28\nTitle: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y\nArticle: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)\n\n\nBroader Industry Information:\nDate: 2022-01-29\nTitle: 7 Hidden-Gem Stocks to Buy for the Long-Term\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-29\nTitle: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (Source: StreetVJ / Shutterstock.com** What’s Happening With DOYU Stock** The announcement of this pending deal sent DOYU stock shooting up this morning. A previously overlooked penny stock, DOYU plunged last Friday, but following today’s gains, it is in the green. Indeed, it slid 4% as markets opened today but was quick to rebound. As of this writing, it is up almost 14% for the day. It’s up by more than 2% for the week and almost 3% for the month. However, DOYU stock was trading at more than $4 per share less than six months ago and is still at only $2.50.Tencent is also rising today, though its pattern has been one of turbulence. As of this writing, it is up 0.18% for the day but remains in the red for the week by just under 1.5%. In 2021, the company faced some regulatory hurdles when its merger with fellow Chinese game producer **Huya** (NYSE:** [HUYA](https://investorplace.com/stock-quotes/huya-stock-quote/?utm_source=Nasdaq&utm_medium=referral)**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates\nArticle: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-29\nTitle: Danaos Corporation Shares Climb 3.0% Past Previous 52-Week High - Market Mover\nArticle: Danaos Corporation ([DAC](https://kwhen.com/finance/profiles/DAC/summary))) shares closed 3.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 15.1% year-to-date, up 251.6% over the past 12 months, and up 136.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 74.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 10.2% higher than its 5-day moving average, 19.5% higher than its 20-day moving average, and 24.0% higher than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by 1433.3% - The company's stock price performance over the past 12 months beats the peer average by 142.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-29\nTitle: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks\nArticle: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This \"steepening\" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Community Trust Bancorp, Inc. Declares Its Cash Dividend\nArticle: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS\nArticle: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.\n\nDate: 2022-01-28\nTitle: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022\nArticle: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes \"forward-looking statements\" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words \"believe,\" \"anticipate,\" \"plan,\" \"expect,\" \"seek,\" \"estimate\" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading \"Risk Factors\" and \"Business Strategy\" in our Annual Report on Form 10-K (the \"Form 10-K\") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations (\"Cautionary Statements\") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \\begin{table}{|c|c|} \\hline CONTACT: & \\\\ \\hline Star Group & Chris Witty \\\\ \\hline Investor Relations & Darrow Associates, Inc. \\\\ \\hline 203/328-7310 & 646/438-9385 or cwitty@darrowir.com \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.\n\nDate: 2022-01-28\nTitle: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next\nArticle: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: TDOC\nSecurity: Teladoc Health, Inc.\nRelated Stocks/Topics: SHOP|Markets|TSLA\nTitle: 3 Cathie Wood Stocks That Could Deliver Superior Returns\nType: News\nPublication: The Motley Fool\nPublication Author: Neha Chamaria\nDate: 2022-01-29\nArticle: Cathie Wood's ARK Invest group of [exchange-traded funds](https://www.fool.com/investing/how-to-invest/etfs/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) lost substantial value in 2021, but it's not hard to see why. The famed stock investor's funds are heavily invested in growth stocks, and there has been a steady flight of money out of high-flying [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) into value stocks in recent months.Cathie Wood, however, remains unperturbed and continues to buy shares in disruptive companies. Wood has, in fact, often stressed, especially during volatile times like these, how ARK Invest invests with a five-year investment horizon in mind and how it takes advantage of market corrections to buy strong conviction stocks. Given the long-term focus and the underlying growth catalysts, here are three solid Cathie Wood stocks that could deliver big returns over time. **You can't miss this upcoming earnings report****Shopify** [(NYSE: SHOP)](https://www.nasdaq.com/market-activity/stocks/shop) shares have been hammered and are down a whopping 41% in 2022 alone so far, as of this writing. Aside from the broader market pressures, critics have also raised concerns about decelerating growth at Shopify. The thing is, e-commerce boomed during the COVID-19 pandemic as more people bought goods and services online, and many fear Shopify may not be able to sustain its growth momentum as the world returns to normalcy. Granted, Shopify said last quarter it expects revenue in 2021 to grow at a slower pace as compared with 2020, but that still doesn't justify the sharp drop in the stock price. [Two persons smiling while counting money. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663471%2Fpeople-counting-money.jpg&w=700) Image source: Getty Images. The pandemic is far from over, and even otherwise, e-commerce is a secular trend as the convenience of online shopping isn't going to wane. For its part, Shopify has built a niche within the e-commerce industry by focusing on entrepreneurs and small businesses and enabling them to set up and manage online shops. The response to Shopify's products and services so far has been nothing short of phenomenal -- its merchant count crossed 1.7 million and its gross merchandize value, or total value of sales, crossed $400 billion in the third quarter.Shopify's hunger to innovate, upgrade, and provide merchants with more facilities and features works hugely in its favor. To give you some examples, Shopify has tie-ups with nearly every social media platform, has its own logistics arm, and recently launched cross-border e-commerce services as well as a money management product for merchants. [Shopify is doing a lot more](https://www.fool.com/investing/2022/01/25/is-shopify-stock-a-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) to attract more merchants and corner a larger share of the e-commerce market. With Shopify all set to report its fourth-year numbers and provide guidance for 2022 in mid-February, it's a stock you'd want to watch closely. **A multibillion-dollar market with massive growth potential****Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc) is another compelling Cathie Wood stock that's been butchered lately – the virtual healthcare stock has halved in just the past three months. The fears are similar to but deeper than those attached with Shopify -- the COVID-19 pandemic hugely boosted the telehealth industry, and the market isn't sure how much Teladoc can grow as patients start visiting doctors and hospitals in-person again. Again, the fears are overdone and Teladoc's prospects underappreciated. Teladoc was a first-mover in the industry and is now the world's largest telehealth company. Importantly, Teladoc doesn't just offer virtual primary care but also specializes in chronic disease management, an area it entered after its big-ticket acquisition of Livongo in 2020. To expand its reach, Teladoc is now partnering with large health plan carriers and recently struck a partnership with the National Labor Alliance of Health Care Coalitions, the largest alliance of labor unions.Now to put some numbers to Teladoc's growth, it clocked an estimated 18 million visits and is estimated to have grown its revenue by nearly 85% to $2 billion in 2021. Sure, 2022 may not be as great for the company as 2021 in terms of revenue growth, but Teladoc still expects to grow revenue by compound annual rates of 25%-30% between 2021 and 2024, which means its annual revenue could cross $4 billion by 2024. Teladoc's total addressable market in the U.S. alone is worth hundreds of billions of dollars, and that alone means Teladoc's growth story may have only just started. **Cathie Wood is a fan of EVs, and the largest EV manufacturer** Given how **Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla) is the largest stock ARK Invest owns across all funds, Cathie Wood is evidently a big fan of the electric-vehicle (EV) giant. She's not wrong to be bullish about the largest EV maker in the world.[Tesla just delivered stellar numbers](https://www.fool.com/investing/2022/01/26/teslas-record-q4-in-5-must-see-takeaways/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) for its fourth quarter, reporting a 71% surge in vehicle deliveries and 65% jump in revenue year over year. It was a record quarter, with Tesla's operating profit margin almost tripling year over year to 14.7%. Tesla delivered a record number of 936,000 vehicles in 2021 despite the semiconductor chip supply crunch, and ended the quarter with $17.6 billion in cash and cash equivalents.Those are massive numbers for a company that delivered its first car barely 13 years ago, and yet, Tesla's growth potential is as strong as ever. Now there are [several EV makers out there](https://www.fool.com/investing/2022/01/23/3-top-ev-stocks-ready-for-a-bull-run/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) with promising technologies and cars, but Tesla has mastered what matters most in a complicated and capital-intensive industry like EV manufacturing -- large-scale production and the ability to add capacity to meet demand. Most importantly, Tesla also makes a profit, which is a huge milestone in the EV industry. Tesla is now not only expanding production capacity at existing factories but also trying to set up new manufacturing facilities including a gigafactory in Berlin so it can sell German-made vehicles in Europe in the near future. Tesla has the expertise, money, and resources to convert its big plans into reality even as [demand for EVs is expected to rise exponentially](https://www.fool.com/investing/2022/01/23/3-top-ev-stocks-ready-for-a-bull-run/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) in the coming years. Combined, the two factors could prove to be the biggest growth drivers for Tesla's stock price. **Find out why Shopify****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Shopify [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=177c7e03-33cf-4ec1-91be-3f463da60706&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=177c7e03-33cf-4ec1-91be-3f463da60706&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) *Stock Advisor returns as of January 10, 2022 [Neha Chamaria](https://boards.fool.com/profile/TMFNehams/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Shopify, Teladoc Health, and Tesla. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 73.1755\nStock Price 2 days before: 70.0519\nStock Price 1 day before: 67.3367\nStock Price at release: 71.8074\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":69.6886,"string":"69.6886"}}},{"rowIdx":289,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital\nArticle: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY\nArticle: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. \"Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world,\" said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), \"The World's Most Famous Building,\" owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared \"America's Favorite Building\" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.\n\nDate: 2022-01-28\nTitle: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years\nArticle: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the \"next big technology platform,\" and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \\begin{table}{|c|c|c|c|} \\hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\\\ \\hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\\\ \\hline \\end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \\begin{table}{|c|c|c|c|} \\hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\\\ \\hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\\\ \\hline \\end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Berkshire Hills Announces Quarterly Shareholder Dividend\nArticle: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [KAConn@berkshirebank.com](mailto:KAConn@berkshirebank.com) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [dgonci@berkshirebank.com](mailto:dgonci@berkshirebank.com) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.\n\nDate: 2022-01-28\nTitle: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022\nArticle: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes \"forward-looking statements\" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words \"believe,\" \"anticipate,\" \"plan,\" \"expect,\" \"seek,\" \"estimate\" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading \"Risk Factors\" and \"Business Strategy\" in our Annual Report on Form 10-K (the \"Form 10-K\") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations (\"Cautionary Statements\") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \\begin{table}{|c|c|} \\hline CONTACT: & \\\\ \\hline Star Group & Chris Witty \\\\ \\hline Investor Relations & Darrow Associates, Inc. \\\\ \\hline 203/328-7310 & 646/438-9385 or cwitty@darrowir.com \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY\nArticle: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. \"Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world,\" said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), \"The World's Most Famous Building,\" owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared \"America's Favorite Building\" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.\n\nDate: 2022-01-28\nTitle: Esperion Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)\nArticle: ANN ARBOR, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced that, on January 27, 2022, the Compensation Committee of Esperion’s Board of Directors granted four new employees (i) non-qualified stock options to purchase an aggregate of 100,450 shares of its common stock, all of which were granted to Benjamin Looker, Esq., the Company’s newly appointed General Counsel, and (ii) 204,771 restricted stock units (RSUs), 70,800 of which were awarded to Mr. Looker, under Esperion’s 2017 Inducement Equity Incentive Plan. The 2017 Inducement Equity Incentive Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Esperion (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Esperion, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The options have an exercise price of $3.65 per share, which is equal to the closing price of Esperion's common stock on January 27, 2022. Each option and RSU will vest and become exercisable as to twenty-five percent of the shares on the one-year anniversary of the recipient’s vesting commencement date, and will vest and become exercisable as to the remaining 75 percent of the shares in twelve equal quarterly installments at the end of each quarter following such anniversary, in each case, subject to each such employee's continued employment with Esperion on such vesting dates. The options and RSUs are subject to the terms and conditions of Esperion’s 2017 Inducement Equity Incentive Plan, and the terms and conditions of the stock option and RSU agreement covering the grant. **Esperion Therapeutics** Esperion works hard to make our medicines easy to get, easy to take and easy to have. We discover, develop and commercialize innovative medicines and combinations to lower cholesterol, especially for patients whose needs aren’t being met by the status quo. Our entrepreneurial team of industry leaders is inclusive, passionate and resourceful. We are singularly focused on managing cholesterol so you can improve your health easily. Esperion commercializes NEXLETOL® (bempedoic acid) and NEXLIZET® (bempedoic acid and ezetimibe) Tablets and is the leader in the development of convenient oral, once-daily non-statin LDL-cholesterol lowering drugs for patients with high levels of bad cholesterol. For more information, please visit [www.esperion.com](http://www.esperion.com/) and follow us on Twitter at [www.twitter.com/EsperionInc](http://www.twitter.com/EsperionInc). Contact:Ben Church [bchurch@esperion.com](https://www.globenewswire.com/Tracker?data=6sKfpNN4yE7HC4PotuRHvwCHDBspLlLbyA9zXiuDyOawPFpBjohz071zuaG2NCnKwTt1W9x-Mn1AmiozZZlwmImqPGevBpkckmca73IB7Zw=) 734-864-6774 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI3NCM0Njk5MzQ3IzIwMDcxNDE=) [Image](https://ml.globenewswire.com/media/NDdhNDRlYTktNjBkNS00Nzg3LWIyMTMtNTIwMzY3NzdjYWM2LTEwMTg3MTQ=/tiny/Esperion-Therapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/6af55bc4-856a-4007-b242-baeb422ba7e7) Source: Esperion Therapeutics, Inc.\n\nDate: 2022-01-28\nTitle: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline\nArticle: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)\n\nDate: 2022-01-28\nTitle: Whitestone REIT Announces Tax Characteristics of 2021 Distributions\nArticle: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\\\ \\hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\\\ \\hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\\\ \\hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\\\ \\hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\\\ \\hline \\end{table} (1) Represents additional characterization of, and is included in, \"Total Capital Gain Distribution.\" (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in \"Ordinary Dividends.\" Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [relliott@whitestonereit.com](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT\n\nDate: 2022-01-28\nTitle: Safehold Inc Shares Near 52-Week Low - Market Mover\nArticle: Safehold Inc ([SAFE](https://kwhen.com/finance/profiles/SAFE/summary))) shares closed today at 1.5% above its 52 week low of $58.08, giving the company a market cap of $3B. The stock is currently down 26.1% year-to-date, down 22.8% over the past 12 months, and up 240.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 12.2% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 665.8% - The company's stock price performance over the past 12 months lags the peer average by -254.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Vital Farms Expands Stephanie Coon’s Role to Senior Vice President of People and Strategy\nArticle: AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today announced the expansion of Stephanie Coon’s role to Senior Vice President of People and Strategy. In this newly created role, Coon will lead Vital Farms’ People function in addition to her current team which includes Strategy, Project Management, and New Ventures. “As we think about our long-term growth opportunities, we know our one true competitive advantage is great people,” said Russell Diez-Canseco, President and CEO, Vital Farms. “As Stephanie has settled into her role, it’s become abundantly clear that she has a passion for people and culture. By combining these functions under a single leader, we’ll be unified in attracting talent that supports our growth initiatives and a culture that keeps our crew feeling engaged and inspired. All of this is critical to our success both now and in the future.” Coon joined Vital Farms in August 2021 to build and lead the Strategy function at Vital Farms. Over the past six months, she has aligned the company around organization-wide objectives that include the specific and measurable initiatives that will drive Vital Farms’ long-term growth. “I am humbled and excited by the opportunity to lead our People function,” Coon said. “Vital Farms has a values-driven and people-first culture that is truly very special. Nurturing this culture is central to everything we do across the business. I look forward to working with our passionate team to build on this strong foundation as we grow.” Coon continued, “As we continue our focus on scaling a world-class organization, this tighter link between where we are going, the processes we’ll put in place to get there, and, most importantly, how we engage, inspire, and develop our crew members is a powerful unlock for the business.” **About Vital Farms** Vital Farms, a Certified B Corporation, offers a range of ethically produced foods nationwide. Started on a single farm in Austin, Texas in 2007, Vital Farms is now a national consumer brand that works with over 250 small family farms and is the leading U.S. brand of pasture-raised eggs by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' products, including shell eggs, butter, hard-boiled eggs, ghee, Egg Bites, Breakfast Bars, and liquid whole eggs, are sold in over 18,000 stores nationwide. Vital Farms pasture-raised eggs can also be found on menus at hundreds of foodservice operators across the country. For more information, visit [www.vitalfarms.com](https://www.globenewswire.com/Tracker?data=vIKMHSwEAnLgrckUIsIMOb0rIwZ0_Rr0Mq2uRyFOOamEONQi8icyxrq_XaJI6Dld7y4j8lW02-H4Nio_soZnS4rsJlQjd6dNGE2_8cfA9W0=). **CONTACT:****Media:**Nisha Devarajan [Nisha.Devarajan@vitalfarms.com](https://www.globenewswire.com/Tracker?data=7zw8N5vTzR83yq-C4TuKDE77RqFRU6BB0EEgDP-FQhuXUwxMPmDXXx4J8mmXhTayO0jzWLCyRmccVJAPU1zfI51tkSCGF_a5DgUlnK-ElDsBz_c_jf1BwM8vjt6-dKdL) **Investors:**Matt Siler [Matt.Siler@vitalfarms.com](https://www.globenewswire.com/Tracker?data=FA3svWwZal16uoJXl7mvMkfvcMFvl8PRNcDkBIhjpppdGZ3Fm4m6OZt7ie9ZyL355v7Ar0KDfCmFbVdF21Mr4n45TVq8bsbMppaLEgKxAJE=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk1OSM0Njk4NDYyIzIxOTUyNTM=) [Image](https://ml.globenewswire.com/media/YzUxNjFmMTEtZDQ1OC00OWJjLWFlN2YtYWJkYmJhOGZiMWE0LTEyMDY4MDY=/tiny/Vital-Farms.png) Source: Vital Farms\n\nDate: 2022-01-28\nTitle: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?\nArticle: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or \"retain\", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS\nArticle: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \\begin{table}{|c|c|c|c|c|c|} \\hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\\\ \\hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\\\ \\hline \\end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)\n\nDate: 2022-01-28\nTitle: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates\nArticle: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: Markets|PFE|MRNA|BNTX\nTitle: Why Novavax Stock Surged 14% on Friday\nType: News\nPublication: The Motley Fool\nPublication Author: Eric Volkman\nDate: 2022-01-28\nArticle: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it \"will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval.\"The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than \"original\" omicron. **Now what** Novavax is certainly a scrappy competitor in the \"Global Coronavirus Vaccine Contest.\" Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 79.2871\nStock Price 2 days before: 81.0986\nStock Price 1 day before: 81.7156\nStock Price at release: 73.3745\nRisk-Free Rate at release: 0.0004\n\nSymbol: BHLB\nSecurity: Berkshire Hills Bancorp, Inc.\nRelated Stocks/Topics: Unknown\nTitle: Berkshire Hills Announces Quarterly Shareholder Dividend\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [KAConn@berkshirebank.com](mailto:KAConn@berkshirebank.com) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [dgonci@berkshirebank.com](mailto:dgonci@berkshirebank.com) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.\nStock Price 4 days before: 29.3734\nStock Price 2 days before: 29.9554\nStock Price 1 day before: 29.826\nStock Price at release: 28.9482\nRisk-Free Rate at release: 0.0004\n\nSymbol: HAIN\nSecurity: The Hain Celestial Group, Inc.\nRelated Stocks/Topics: Stocks\nTitle: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)\nStock Price 4 days before: 36.23\nStock Price 2 days before: 36.3789\nStock Price 1 day before: 36.4804\nStock Price at release: 35.3492\nRisk-Free Rate at release: 0.0004\n\nSymbol: ALGT\nSecurity: Allegiant Travel Company\nRelated Stocks/Topics: Markets|UBER\nTitle: Noteworthy Friday Option Activity: MGI, UBER, ALGT\nType: News\nPublication: BNK Invest\nPublication Author: BNK Invest\nDate: 2022-01-28\nArticle: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)\nStock Price 4 days before: 175.638\nStock Price 2 days before: 179.806\nStock Price 1 day before: 175.746\nStock Price at release: 172.408\nRisk-Free Rate at release: 0.0004\n\nSymbol: SYBT\nSecurity: Stock Yards Bancorp, Inc.\nRelated Stocks/Topics: Unknown\nTitle: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \\begin{table}{|c|c|} \\hline Contact: & T. Clay Stinnett \\\\ \\hline & Executive Vice President, \\\\ \\hline & Treasurer and Chief Financial Officer \\\\ \\hline & (502) 625-0890 \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.\nStock Price 4 days before: 60.8891\nStock Price 2 days before: 63.719\nStock Price 1 day before: 61.3696\nStock Price at release: 59.3997\nRisk-Free Rate at release: 0.0004\n\nSymbol: CYH\nSecurity: Community Health Systems, Inc.\nRelated Stocks/Topics: Stocks|UNH|UHS|HUM\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\nStock Price 4 days before: 12.6602\nStock Price 2 days before: 13.8239\nStock Price 1 day before: 12.931\nStock Price at release: 12.5023\nRisk-Free Rate at release: 0.0004\n\nSymbol: RICK\nSecurity: RCI Hospitality Holdings, Inc.\nRelated Stocks/Topics: Stocks|GES|BYD|CROX\nTitle: Boyd Gaming (BYD) Launches Sports Betting in Louisiana\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)\nStock Price 4 days before: 69.1743\nStock Price 2 days before: 71.4924\nStock Price 1 day before: 68.5673\nStock Price at release: 65.996\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: SAND\nSecurity: Sandstorm Gold Ltd.\nRelated Stocks/Topics: Markets\nTitle: Interested in NFTs and the Metaverse? 2 Cryptocurrencies to Buy and Hold Right Now\nType: News\nPublication: The Motley Fool\nPublication Author: Trevor Jennewine\nDate: 2022-01-29\nArticle: Non-fungible tokens (NFTs) are crypto assets that make it possible to bring items like artwork, video games, and other assets (both real and digital) onto a blockchain. That utility has captivated investors. Consumers spent approximately $41 billion on NFTs in 2021, according to blockchain data provider Chainalysis.Similarly, the metaverse promises to be the next big technology platform, a network of immersive virtual worlds that will blend elements of entertainment, gaming, and commerce, allowing users to engage each other and the environment. And NFTs fit perfectly into that technology. They make it possible to prove ownership and the authenticity of assets, which will be critical in the metaverse economy. With that in mind, many analysts believe the metaverse will become a [multitrillion-dollar industry](https://www.fool.com/investing/2022/01/07/monster-metaverse-stocks-buy-and-hold-for-decade/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) over the next decade, which could supercharge consumer demand for NFTs. For investors looking to cash in on those trends, several cryptocurrencies fit the bill perfectly. Here are two great examples. [Two people looking at a laptop computer screen.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663183%2Finvestor-33.jpg&w=700) Image source: Getty Images. **1. Decentraland****Decentraland** (CRYPTO: MANA) is a decentralized application (dApp) on the **Ethereum** blockchain. It features a virtual world inhabited by gamers and powered by the MANA token. Players can buy and sell parcels of digital land through the marketplace, each with unique coordinates, and wearable items like clothing, accessories, and body features for their avatars. In all cases, transactions are funded with MANA, and ownership of any item is represented as an NFT.Players can also develop and monetize their digital land with 3D content, games, and other applications, and they can interact with other avatars across the virtual world. In short, Decentraland is a sort of precursor to what the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) could be -- it's easy to imagine the platform as part of a larger network of virtual worlds in the future. But there is plenty to be excited about now. Decentraland currently ranks as the third-most-popular NFT collection in terms of transaction volume on OpenSea, which itself is the world's most popular NFT marketplace by a wide margin.As users become increasingly enamored of Decentraland -- which seems likely given the enthusiasm surrounding NFTs and the metaverse -- demand for MANA should rise. With a fixed supply of 2.6 billion tokens, rising demand should drive the price higher. That's why this cryptocurrency could be a good long-term investment, especially now that it's fallen more than 60% from its high. **2. The Sandbox****The Sandbox** [(CRYPTO: SAND)](https://www.nasdaq.com/market-activity/stocks/sand) is another Ethereum-based metaverse game featuring NFTs. The platform is powered by the SAND token, and it comprises three distinct services that allow players to build and monetize in-game assets and experiences.Specifically, VoxEdit is a modeling tool that allows users to create and animate 3D objects like people, animals, and scenery. Those objects are represented as NFTs on Ethereum. Next, the NFT marketplace allows users to buy and sell those 3D objects using the SAND token. Each block of land is also represented as an NFT, and those tokens can be used for transactions in the marketplace. Finally, the Game Maker product enables users to build monetizable games and experiences on their land without using computer code. More specifically, it's a suite of drag-and-drop tools used to position 3D objects and implement gameplay mechanics.Like Decentraland, The Sandbox has generated significant interest in the crypto community, and it ranks as the eighth-most-popular NFT collection on OpenSea in the past month. And given the easy-to-use interface, not to mention the tailwinds behind NFTs and the metaverse, The Sandbox is well-positioned to attract more players in the years ahead. As that happens, demand for SAND -- which has a finite supply of 3 billion tokens -- should rise, pushing its price higher. With the price of SAND down roughly 60% from its high, now looks like a good time to [add this digital asset to your portfolio](https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/how-to-invest-in-cryptocurrency/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6). **10 stocks we like better than Decentraland** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=97b6b379-7a81-4ec2-b008-bf9865948a20&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DDecentraland&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) for investors to buy right now... and Decentraland wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=97b6b379-7a81-4ec2-b008-bf9865948a20&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DDecentraland&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Ethereum. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 6.05767\nStock Price 2 days before: 6.0026\nStock Price 1 day before: 5.79695\nStock Price at release: 5.82478\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":7.10649,"string":"7.10649"}}},{"rowIdx":290,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates\nArticle: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: First Week of March 18th Options Trading For First Majestic Silver (AG)\nArticle: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: Beyond Meat (BYND) Stock Sinks As Market Gains: What You Should Know\nArticle: In the latest trading session, Beyond Meat (BYND) closed at $56.54, marking a -0.04% move from the previous day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.Prior to today's trading, shares of the plant-based meat company had lost 16.07% over the past month. This has lagged the Consumer Staples sector's loss of 1.73% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Beyond Meat as it approaches its next earnings release. In that report, analysts expect Beyond Meat to post earnings of -$0.73 per share. This would mark a year-over-year decline of 114.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103.98 million, up 2% from the year-ago period.Investors should also note any recent changes to analyst estimates for Beyond Meat. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Beyond Meat currently has a Zacks Rank of #3 (Hold).The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BYND in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [Beyond Meat, Inc. (BYND): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYND&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859411/beyond-meat-bynd-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411)\n\nDate: 2022-01-28\nTitle: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know\nArticle: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast\nArticle: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \\begin{table}{|c|c|c|c|} \\hline Webcast & & & www.LTCReit.com \\\\ \\hline USA Toll-Free Number & & & 1-844-200-6205 \\\\ \\hline Canada Toll-Free Number & & & 1-833-950-0062 \\\\ \\hline Conference Access Code & & & 441550 \\\\ \\hline \\end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \\begin{table}{|c|c|c|c|} \\hline USA Toll-Free Number & & & 1-866-813-9403 \\\\ \\hline Canada Local Number & & & 1-226-828-7578 \\\\ \\hline Conference Access Code & & & 188544 \\\\ \\hline \\end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates\nArticle: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates\nArticle: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)\n\nDate: 2022-01-28\nTitle: /C O R R E C T I O N -- Bank7 Corp./\nArticle: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read \"3:00 p.m. Eastern Time\" rather than \"1:00 p.m. Eastern Time\" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) (\"the Company\"), the parent company of Oklahoma City-based Bank7 (the \"Bank\"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. \"2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services,\" said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as \"well-capitalized\" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as \"anticipate,\" \"believes,\" \"can,\" \"could,\" \"may,\" \"predicts,\" \"potential,\" \"should,\" \"will,\" \"estimate,\" \"plans,\" \"projects,\" \"continuing,\" \"ongoing,\" \"expects,\" \"intends\" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.\n\nDate: 2022-01-29\nTitle: Upstart Stock Looks Poised To Soar After Huge Pullback\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (Source: Postmodern Studio / Shutterstock.comStill, after another 30% retreat by the name and amid multiple signs that the Street is warming up to the shares, I’m more bullish on the name than I was when my previous column was published on Jan. 3.Also importantly, I remain very upbeat on Upstart’s fundamentals and long-term outlook. UPST looks like a solid long-term play.Here’s why. **The Street Is Warming up to UPST Stock** InvestorPlace contributor Ian Bezek, a former Street analyst, was once [very bearish](https://investorplace.com/2021/10/upst-stock-is-wildly-overvalued-and-set-to-crash/?utm_source=Nasdaq&utm_medium=referral) on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?\nArticle: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations\nArticle: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [press@redfin.com](mailto:press@redfin.com). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [press@redfin.com](mailto:press@redfin.com) Source: Redfin\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: BNTX|Markets|PFE|MRNA\nTitle: 3 Things About BioNTech That Smart Investors Know\nType: News\nPublication: The Motley Fool\nPublication Author: Alex Carchidi\nDate: 2022-01-29\nArticle: As a profitable and rapidly growing biotech with a world-renowned vaccine approved for sale, **BioNTech** [(NASDAQ: BNTX)](https://www.nasdaq.com/market-activity/stocks/bntx) has left its shareholders sitting pretty. Over the past 12 months, the company -- based in Mainz, Germany -- achieved a return of around 41.4%, crushing the market's 14.6% result.More outperformance might well be in the cards for the stock, and there's a lot more to this company than its coronavirus vaccine. Its future success as an investment isn't as linked to the continuation of the pandemic as some might expect. Let's examine three things that smart investors are likely to understand about this stock. [Two scientists peer into microscopes in a laboratory.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663054%2Ftwo-scientists-sit-at-bench-using-microscopes.jpg&w=700) Image source: Getty Images. **1. Comirnaty will need to keep evolving** BioNTech's only product on the market is its Comirnaty coronavirus vaccine, which it developed jointly with the help of **Pfizer**-- and it has understandably been a blockbuster. In its third-quarter earnings report, the company estimated that it made 17 billion euros ($19.2 billion) from sales of the jab in 2021, assuming that it sold 2.5 billion doses. For reference, it brought in just 482 million euros in 2020, so the past year has yielded a bumper crop to say the least. Investors will need to check out the next earnings report on March 30 to see if revenue came in as predicted.Either way, management expects that the coronavirus will continue to be a difficult public health problem that its vaccines will be instrumental in mitigating. Therefore, it'll be necessary to keep [adapting Comirnaty](https://www.fool.com/investing/2022/01/10/why-biontech-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) to the emerging viral variants so that it remains effective. So on Jan. 25, Pfizer and BioNTech launched their clinical trial to test an omicron-specific shot.Wise investors recognize that innovation isn't easy, though. If things move more slowly than planned, it's entirely possible that the omicron variant will be history before the new version of the vaccine is ready for prime time. The risk of being too late won't necessarily be any lower if the company tries to rapidly develop an updated candidate in response to a future variant either. **2. The company is looking beyond vaccines** Smart investors know that unlike competitors such as **Novavax**, BioNTech has ambitions to be more than a vaccine maker. Aside from Comirnaty, its pipeline has only one other clinical-stage infectious disease program, its phase 1 influenza vaccine being developed with the help of Pfizer. In comparison, it has 16 clinical-stage oncology programs, five of which are in phase 2 clinical trials.In particular, its mRNA-based therapies for advanced melanoma and head and neck cancer might be on the cusp of commercialization or even on the market by 2025. Those two programs are wholly owned, which means that their success would be even bigger for shareholders. And the company also has a melanoma program and a supplementary therapy for colorectal cancer in development with privately-held Genentech.BioNTech isn't just an mRNA company, either. Though mRNA-based medicines account for all of its late-stage projects, it does have a handful of ongoing clinical investigations with its cell and antibody therapies in development. In other words, BioNTech isn't trying to become specialized in just one technology. Overall, that might make it more resilient to any obstacles for the technology that arise over time. **3. It doesn't need Pfizer's help anymore** While BioNTech had never brought a medicine to the market before its coronavirus vaccine collaboration with Pfizer, it now has the organizational infrastructure and technical know-how to develop therapies without the pharma giant's help. That doesn't mean it'll eschew teaming up with Pfizer in the future, but it does mean that smart investors are updating their mental models of what the business is capable of doing on its own.In a nutshell, expect this company to start cranking out new drugs using more and more of its newly formidable internal resources. In 2020, it spent 647 million euros on research and development whereas in the past 12 months it spent 937 million euros. Further growth of this spending is all but guaranteed as over [the next three years](https://www.fool.com/investing/2022/01/24/where-will-biontech-be-in-3-years/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) several of BioNTech's wholly owned clinical programs in oncology are likely to advance into the final stages of development. And with trailing [free cash flow ](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) of 1.2 billion euros, there's nothing to stop it from firing on all cylinders. **10 stocks we like better than BioNTech SE** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e792f304-9008-44ba-bcbc-f4fea6a998c5&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DBioNTech%2520SE&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) for investors to buy right now... and BioNTech SE wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e792f304-9008-44ba-bcbc-f4fea6a998c5&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DBioNTech%2520SE&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c)*Stock Advisor returns as of January 10, 2022 [Alex Carchidi](https://boards.fool.com/profile/TMFacarchidi/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 77.0711\nStock Price 2 days before: 80.4823\nStock Price 1 day before: 73.023\nStock Price at release: 77.1045\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":79.8103,"string":"79.8103"}}},{"rowIdx":291,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)\nArticle: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross\nArticle: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a \"golden cross\" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)\n\nDate: 2022-01-28\nTitle: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders\nArticle: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Noteworthy Friday Option Activity: MGI, UBER, ALGT\nArticle: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)\n\nDate: 2022-01-28\nTitle: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement\nArticle: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [investorrelations@centuryaluminum.com](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\nArticle: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y\nArticle: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts\nArticle: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.\n\nDate: 2022-01-28\nTitle: First Week of NKLA March 11th Options Trading\nArticle: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans\nArticle: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [jcavuoto@newtekone.com](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.\n\nDate: 2022-01-28\nTitle: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)\nArticle: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \\hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\\\ \\hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\\\ \\hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\\\ \\hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\\\ \\hline \\end{table} (\"Est\" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to \"what assumptions need to be true for this stock to be under/overvalued?\" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know\nArticle: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-29\nTitle: Upstart Stock Looks Poised To Soar After Huge Pullback\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (Source: Postmodern Studio / Shutterstock.comStill, after another 30% retreat by the name and amid multiple signs that the Street is warming up to the shares, I’m more bullish on the name than I was when my previous column was published on Jan. 3.Also importantly, I remain very upbeat on Upstart’s fundamentals and long-term outlook. UPST looks like a solid long-term play.Here’s why. **The Street Is Warming up to UPST Stock** InvestorPlace contributor Ian Bezek, a former Street analyst, was once [very bearish](https://investorplace.com/2021/10/upst-stock-is-wildly-overvalued-and-set-to-crash/?utm_source=Nasdaq&utm_medium=referral) on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-29\nTitle: Thursday Market Update: Why Were Stocks Up Today?\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\nDate: 2022-01-28\nTitle: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts\nArticle: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.\nPercentage Change: 0.00%\n\nDate: 2022-01-28\nTitle: Why Peloton Could Be 2022's Comeback Stock of The Year\nArticle: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is \"resetting our production levels for sustainable growth.\" Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nPercentage Change: 0.00%\n\n\nLast 8 Articles for Current Stock:\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: Markets\nTitle: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts\nType: News\nPublication: RTTNews\nPublication Author: RTTNews.com\nDate: 2022-01-28\nArticle: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.\nStock Price 4 days before: 79.5576\nStock Price 2 days before: 81.0424\nStock Price 1 day before: 81.0629\nStock Price at release: 73.8154\nRisk-Free Rate at release: 0.0004\n\nSymbol: GENI\nSecurity: Genius Sports Limited\nRelated Stocks/Topics: TSLA|Markets|VLD\nTitle: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\nType: News\nPublication: The Motley Fool\nPublication Author: Rick Munarriz\nDate: 2022-01-28\nArticle: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 5.8977\nStock Price 2 days before: 6.45307\nStock Price 1 day before: 6.07347\nStock Price at release: 5.49276\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: Markets|PFE|MRNA\nTitle: What's Next For Novavax Stock?\nType: News\nPublication: The Motley Fool\nPublication Author: Alex Carchidi\nDate: 2022-01-29\nArticle: Despite seeing losses of more than 50% this year and severely underperforming the market, **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) stock might not be finished falling. In late December 2021, the World Health Organization granted another emergency use listing for its coronavirus vaccine, but, much to the chagrin of shareholders, it failed to stop the stock's tumble.That doesn't mean Novavax will be underperforming the market forever, though. If anything, its ensuing vaccine revenue and its ongoing pipeline development should (eventually) show the market that the company is worthwhile. Here's why. [An investor touches the bridge of their nose, expressing frustration, while sitting in front of two computers.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662673%2Ffrustrated-investor-at-computers.jpg&w=700) Image source: Getty Images. **Sales and earnings are likely to be strong** While it might not be enough to stem the stock's losses immediately, Novavax will report its fourth-quarter earnings either at the end of February or at the start of March. And there's every reason to believe that it'll be reporting that it's raking in money at an industrial scale.In 2021, Novavax signed advance purchase agreements to deliver more than 400 million doses of its vaccine, Nuvaxovid. Across five analysts, the average revenue predicted from Nuvaxovid for this year is $4.62 billion, [a massive increase](https://www.fool.com/investing/2022/01/13/novavax-stock-buy-sell-or-hold-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736) over the $1.38 billion estimated for 2021. A faster-than-expected vaccine rollout could easily lead the business's actual sales to outperform these figures, which could in turn cause the stock to move higher. Plus, given that the pandemic (lamentably) isn't over, it's highly probable that customers will come back for more doses once they use the ones they purchased last year.Right now, its manufacturing operations should be capable of minting around 150 million doses per month. And that level of output is likely increasing over time, with the company expanding its manufacturing agreement with the South Korea-based **SK Bioscience** in late December. As long as there's more demand for doses than there is supply on the [global market](https://www.nasdaq.com/market-activity/indexes) Novavax is likely to keep scaling up while collecting fresh orders, and that's a very positive sign for the stock. **Will progress in the pipeline restore the market's confidence?**Aside from its upcoming earnings report, ongoing work in Novavax's pipeline is likely to impact the price of its shares in the near future. Specifically, it's going to be working on studies examining how its shot performs when used as a booster. It might also initiate a new variant-specific jab program against the omicron variant, though that may not be necessary depending on how the pandemic proceeds. Both of these programs have significant revenue-making potential if completed, to say the least.Likewise, the company will be submitting regulatory filings to get its jab approved for use in people between the ages of 12 and 17. On top of that, fresh clinical trials testing the vaccine in even younger patients are forthcoming in the first half of 2022. Conducting this work is essential if Novavax wants to compete with **Pfizer** and **Moderna** over [global market](https://www.nasdaq.com/market-activity/indexes) share.Then there's its ongoing effort to make a vaccine that protects against both the coronavirus and influenza. Data from the combination jab's phase 1/2 clinical trials is expected in the first half of this year. Still, the data update will need to be quite positive if it's going to help shareholders recoup some of their losses over the short term.[](https://ycharts.com/indices/%5ESPX/chart/)[^SPX](https://ycharts.com/indices/%5ESPX) data by [YCharts](https://ycharts.com/)**Don't catch a falling knife** As probable as it is that Novavax is going to start reporting impressive earnings and favorable pipeline progress in 2022, I urge investors not to jump and buy the stock before those reports are in hand. Its [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736) is currently around $5.3 billion, which is far from its peak near $15.7 billion in late June 2021, and there could be more losses to come.For whatever reason, the market doesn't feel good about this stock right now -- nor does it feel positively about competitors like Moderna, which has fallen by more than 59% so far this year. If this starts to turn around with the publication of earnings or clinical trial data, that'll be the sign to move. But it's important to remember that Novavax is still a speculative stock. If the thought of a risky purchase losing money makes you lose sleep at night, it's probably for the best to find something else for your portfolio. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=70586639-a3fe-4cbf-b2ce-3d4cbceabbe0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736) for investors to buy right now… and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=70586639-a3fe-4cbf-b2ce-3d4cbceabbe0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736)*Stock Advisor returns as of January 10, 2022 [Alex Carchidi](https://boards.fool.com/profile/TMFacarchidi/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 76.5343\nStock Price 2 days before: 80.6589\nStock Price 1 day before: 73.8481\nStock Price at release: 77.1045\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":79.8152,"string":"79.8152"}}},{"rowIdx":292,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Caterpillar (CAT) Q4 Earnings and Revenues Surpass Estimates\nArticle: Caterpillar (CAT) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.63%. A quarter ago, it was expected that this construction equipment company would post earnings of $2.26 per share when it actually produced earnings of $2.66, delivering a surprise of 17.70%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Caterpillar, which belongs to the Zacks Manufacturing - Construction and Mining industry, posted revenues of $13.8 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $11.24 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Caterpillar shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Caterpillar?**While Caterpillar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CAT/earnings-calendar), the estimate revisions trend for Caterpillar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $13.32 billion in revenues for the coming quarter and $12.31 on $56.58 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Construction and Mining is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, H&E Equipment (HEES), is yet to report results for the quarter ended December 2021.This construction and industrial equipment service provider is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -19.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.H&E Equipment's revenues are expected to be $260.8 million, down 17.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HEES&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858874/caterpillar-cat-q4-earnings-and-revenues-surpass-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information\nArticle: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\\\ \\hline & & & & & & & & \\\\ \\hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline & & & & & & & & \\\\ \\hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\\\ \\hline Percent & & & & & & & & 100% \\\\ \\hline \\end{table} Series A Preferred Stock (CUSIP # 74965L200): \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\\\ \\hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline & & & & & & & & \\\\ \\hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\\\ \\hline Percent & & & & & & & & 100% \\\\ \\hline \\end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust\n\nDate: 2022-01-28\nTitle: Schrodinger Inc Shares Near 52-Week Low - Market Mover\nArticle: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-28\nTitle: Borr Drilling Limited - Conditions for equity raise completed\nArticle: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the \"Company\") (NYSE and OSE: \"BORR\") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the \"Offer Shares\"), at a price of $2.25, raising gross proceeds of $30 million (the \"Equity Offering\") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange (\"OSE\") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as \"expect\", \"will\" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled \"Risk Factors\" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB\n\nDate: 2022-01-28\nTitle: Friday Sector Laggards: Airlines, Precious Metals\nArticle: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Investing in Home Bancorp (NASDAQ:HBCP) a year ago would have delivered you a 43% gain\nArticle: These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the **Home Bancorp, Inc.** (NASDAQ:HBCP) share price is up 39% in the last 1 year, clearly besting the market return of around 3.7% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! The longer term returns have not been as good, with the stock price only 13% higher than it was three years ago.So let's assess the underlying fundamentals over the last 1 year and see if they've moved in lock-step with shareholder returns. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Home Bancorp was able to grow EPS by 146% in the last twelve months. It's fair to say that the share price gain of 39% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about Home Bancorp as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 6.96.The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/45714963-earnings-per-share-growth-1-dark/1643373089269) NasdaqGS:HBCP Earnings Per Share Growth January 28th 2022We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This **free** interactive report on Home Bancorp's [earnings, revenue and cash flow](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past) is a great place to start, if you want to investigate the stock further. **What About Dividends?**As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Home Bancorp, it has a TSR of 43% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! **A Different Perspective** We're pleased to report that Home Bancorp shareholders have received a total shareholder return of 43% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 5%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered [2 warning signs for Home Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) (1 doesn't sit too well with us!) that you should be aware of before investing here.If you like to buy stocks alongside management, then you might just love this **free** [list of companies. (Hint: insiders have been buying them).](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875069&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTA2OTo1NjlmNGYyYzZmMWI4MWUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Oversold Conditions For Viavi Solutions (VIAV)\nArticle: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Insiders Bullish on Certain Holdings of ARKG\nArticle: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \\begin{table}{|c|c|c|c|c|c|} \\hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\\\ \\hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\\\ \\hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\\\ \\hline \\end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)\n\nDate: 2022-01-29\nTitle: Slowly Deflating, Expect AMC Stock To Fall Back to Single Digit Prices\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The rate-hike selloff has been bad news for many speculative stocks. That’s especially the case for **Reddit** meme trader favorites like **AMC Entertainment** (NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **GameStop** (NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). In the case of AMC stock, the Federal Reserve’s “return to normal” with its proposed interest rate changes has sent the stock down more than 40% since Jan 3. [AMC stock: an AMC imax theater storefront](https://investorplace.com/wp-content/uploads/2019/08/amc-stock-1-300x169.jpg) Source: Sundry Photography / Shutterstock.comThat’s atop the decline experienced between Thanksgiving and New Year’s, when the Fed first made known it was raising rates. In total, shares in the movie theater chain, and meme stock king, have tumbled from just under $40 per share, to around $15 per share as of this writing.In my articles on this popular meme play, I’ve long discussed the inevitability of it falling back to a price in line with its underlying value. Admittedly, this has taken some time. Even now, as one of the factors that made it bubble up in the first place (rock-bottom interest rates) is going away, the stock’s price deflation is happening at a relatively slow pace.Nevertheless, you can expect it to continue. The self-described “Apes,” or devoted fans of the stock, continue to make their exit. Without this pool of investors, valuing the stock on factors outside of fundamentals? Investors who price stocks based on time-tested methods are slowly taking back control. In time, it’ll fall to its fair value. **AMC Stock and The End of Meme Mania** It took some time, but the phenomenon that sent this and other stocks “to the moon” may have finally ended. At least, that’s the take of Investors Business Daily, which on Jan. 24 declared it [“game over for meme stocks.”](https://www.investors.com/etfs-and-funds/sectors/sp500-meme-stock-crash-costs-speculators-48-9-billion/) - [7 IT Stocks to Buy No Matter What Earnings Season Brings](https://investorplace.com/2022/01/7-it-stocks-to-buy-no-matter-what-earnings-season-brings/?utm_source=Nasdaq&utm_medium=referral) With rates rising, fundamentals are back into focus. In turn, we’ve reached the end of the line for the absurd valuations seen with AMC stock, GME stock, and other meme plays once considered “unsinkable.” Downward pressure from this has led many prior devoted fans of both names to quickly lose their “diamond hands,” throwing the towel in a wave of panic selling.Now that meme mania is “over,” you may think AMC is on the verge of bottoming out. After all, despite the big selloff, this remains [one of the most-talked about stocks on Reddit](https://wsbtrackers.com/). That may be a sign of one last big rally, right?Maybe, maybe not. There may still be a lot of talk about it on r/WallStreetBets and other subreddits.Yet looking at Reddit threads, it appears many users making new posts about it are simply grasping for straws. For instance, one post from a few days back, where the poster is asking around about the [chances of another short-squeeze](https://www.reddit.com/r/wallstreetbets/comments/scs2xg/pessimistically_speaking_will_the_amc_squeeze/). The replies to it from members of the meme community lean toward the bearish side. With many in this sphere reading the writing on the wall, I believe more meme stockers will exit rather than re-enter the AMC stock from here. **On The Road Back to Fair Value** I’ll admit that the exodus of AMC stock “Apes” isn’t going to be instantaneous. However, as market trends move more out of its favor, those still holding the proverbial bag will finally decide to give up and move on. So, what’s the end game for AMC shares?A price below $10 per share. How far below $10 per share is still up for debate. On one hand, it may not be at risk of falling completely back to the low-single digits it traded for in January 2021, just before the meme stock trend emerged. Mainly, because unlike “pre-meme era,” the company is relatively better capitalized, thanks to the secondary offerings it completed last year.On the other hand, these secondary offerings resulted in high shareholder dilution. During the meme era, its share count ballooned from [around 103.8 million](https://www.sec.gov/Archives/edgar/data/0001411579/000141157919000013/c579-20181231x10k.htm), to [nearly 514 million](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000141157921000069/amc-20210930x10q.htm). The pie’s now cut into many more slices. Even if its results get back to pre-virus levels ([which in itself is questionable](https://investorplace.com/2022/01/amc-stock-could-resume-downward-slide-so-watch-out/?utm_source=Nasdaq&utm_medium=referral))), that doesn’t mean the business will be worth the $7-$10 per share it traded for in late 2019.With this, the fair value of AMC stock may not be $10.45 per share, which is the [average analyst price target](https://www.wsj.com/market-data/quotes/AMC/research-ratings) (according to the Wall Street Journal). Instead, it may be more in line with the $6 per share median price target predicted by the sell-side. Either way, there’s no use splitting hairs. No matter how you slice it, the stock has substantial room to fall before it’s in “bottomed out” territory. **The Verdict: We’ve Reached The End Credits With the AMC Saga** Higher interest rates have been the straw that broke the meme stock trend’s back. First, fair weather speculations panicked out of it. Now, the “Ape” crowd has done so as well. A few may be staying in it for now. Yet as the chances of a rebound look dim, they’ll cash out as well.We’ve reached the end credits with the AMC stock saga. There’s no need to stick around. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.The post [Slowly Deflating, Expect AMC Stock To Fall Back to Single Digit Prices](https://investorplace.com/2022/01/amc-stock-slowly-deflating-expect-it-to-fall-back-to-single-digit-prices/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?\nArticle: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Borr Drilling Limited - Conditions for equity raise completed\nArticle: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the \"Company\") (NYSE and OSE: \"BORR\") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the \"Offer Shares\"), at a price of $2.25, raising gross proceeds of $30 million (the \"Equity Offering\") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange (\"OSE\") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as \"expect\", \"will\" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled \"Risk Factors\" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB\n\nDate: 2022-01-28\nTitle: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y\nArticle: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\nSymbol: VIAV\nSecurity: Viavi Solutions Inc.\nRelated Stocks/Topics: Markets\nTitle: Oversold Conditions For Viavi Solutions (VIAV)\nType: News\nPublication: BNK Invest\nPublication Author: BNK Invest\nDate: 2022-01-28\nArticle: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)\nStock Price 4 days before: 16.3247\nStock Price 2 days before: 16.3152\nStock Price 1 day before: 16.0\nStock Price at release: 15.4122\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: ROIC\nSecurity: Retail Opportunity Investments Corp.\nRelated Stocks/Topics: Markets|BRK.A|O|BRK.B\nTitle: 2 Great Retail REITs to Buy in 2022\nType: News\nPublication: The Motley Fool\nPublication Author: Matthew Frankel\nDate: 2022-01-29\nArticle: Many investors have been hesitant to invest in any physical retail stocks, but there are still some excellent opportunities. In this Fool Live video clip, **recorded on Jan. 14**, Fool.com contributors Matt Frankel and Jason Hall give their top retail real estate investment opportunities for 2022. **10 stocks we like better than Retail Opportunity Investments** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=d23a1020-9db4-4c5c-83d7-4e0edd5ff657&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRetail%2520Opportunity%2520Investments&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=335597e6-2108-4373-a21b-c8f600221791) for investors to buy right now... and Retail Opportunity Investments wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=d23a1020-9db4-4c5c-83d7-4e0edd5ff657&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRetail%2520Opportunity%2520Investments&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=335597e6-2108-4373-a21b-c8f600221791)*Stock Advisor returns as of January 10, 2022**Matt Frankel:**Moving onto retail, everybody's favorite topic. Why would we want to invest in any retail stocks right now, Jason, why?**Jason Hall:** First of all, I think it's so misunderstood and I think there's so much really valuable retail out there. The idea of the death of brick-and-mortar. I just think it's so grossly underrated and understated and that's one of the reasons that I like the company that I'm going to talk about, and that's **Retail Opportunity Investments Corp** [(NASDAQ: ROIC)](https://www.nasdaq.com/market-activity/stocks/roic), ROIC. So ROIC is definitely a niche player, but they are playing in a very big niche. That's West Coast-based high-value strip malls that have an anchor tenant, that's grocery pharmacy, something like that, it's relatively e-commerce resistant. Even if it has a good e-commerce business, it serves a value because it's the local distribution point which you need for grocery. So, it's a really interesting business. They focus on the West Coast. They focus on the high traffic, high value. Being in the right areas with the right demographics. You see some of the numbers, owns 86 shopping centers, just under 10 million square feet, almost 2,000 tenants and their lease rate is 97%. The bottom line is that those e-commerce resistant anchor tenants make all of the other potential spaces in those properties valuable. If you're a salon, if you're a restaurant, if you sell pet food or some other little type of small business, there's a lot of value having a high-traffic anchor tenant right there because it drives business to you too. I love them. Stuart Tanz has been a great CEO. He's been doing this for 25 years and he's been really successful. **Frankel:**My pick is **Store Capital** [(NYSE: STOR)](https://www.nasdaq.com/market-activity/stocks/stor), which isn't that far off. **Hall:** Matt, that was my number two. **Frankel:** Ticker symbol is STOR, stands for Single Tenant Operational Real Estate. The biggest difference, as the name implies, single-tenant instead of anchored shopping centers. Store Capital has $3 trillion dollars' worth of properties in its target basket that it could potentially go after. If you're familiar with **Realty Income** [(NYSE: O)](https://www.nasdaq.com/market-activity/stocks/o), which is a much more popular version of essentially the same business model, Store Capital focuses more in the middle-market as opposed to A-class properties. The cost of capital advantage here is phenomenal.So let me just show you one thing. They're investing aggressively right now and here's why. If you look at this, this is the first nine months of the year. The fifth bullet point down is that they invested $1 billion in properties at an initial cap rate of return of 7.7%. Go down to that last bullet in that section. They issued debt at 2.8%. So, they're making a 7.7% initial yield on their properties. They are paying 2.8% average on their debt. That's a fantastic spread between your cost of debt and your initial returns. Especially since a lot of healthcare and office and industrial properties, that initial cap rate is in the 3%-4% percent range right now because interest rates are so low, that's not the case in mid-market retail.They have great capital advantages. If you look at a long-term chart of Realty Income's performance, which has been around much longer, it has handily beat the market over time. I think Store is going to do the exact same thing. **Hall:** It's a dividend aristocrat too. **Frankel:** Yeah. **Hall:** I think Store Capital will be as soon as it gets to that 25-year mark. **Frankel:**Only REIT that Warren Buffett owns in **Berkshire Hathaway**'s [(NYSE: BRK.A)](https://www.nasdaq.com/market-activity/stocks/brk.a)[(NYSE: BRK.B)](https://www.nasdaq.com/market-activity/stocks/brk.b) portfolio, by the way. **Hall:** There you go.[Jason Hall](https://boards.fool.com/profile/TMFVelvetHammer/info.aspx) owns Realty Income, Retail Opportunity Investments, and STORE Capital. [Matthew Frankel, CFP®](https://boards.fool.com/profile/TMFMathGuy/info.aspx) owns Berkshire Hathaway (B shares), Realty Income, and STORE Capital. The Motley Fool owns and recommends Berkshire Hathaway (B shares) and Retail Opportunity Investments. The Motley Fool recommends STORE Capital and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 18.0326\nStock Price 2 days before: 18.363\nStock Price 1 day before: 18.1341\nStock Price at release: 18.498\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":18.1283,"string":"18.1283"}}},{"rowIdx":293,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: First Week of April 14th Options Trading For Vir Biotechnology\nArticle: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings\nArticle: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the \"Company\" or \"Firm\") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Summary Operating Results (Unaudited) \\\\ \\hline ('000s, except per share amounts or otherwise indicated) \\\\ \\hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\\\ \\hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\\\ \\hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\\\ \\hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\\\ \\hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\\\ \\hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\\\ \\hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\\\ \\hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\\\ \\hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\\\ \\hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\\\ \\hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\\\ \\hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\\\ \\hline \\end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, \"The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results.\" \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Segment Results (Unaudited) \\\\ \\hline ('000s, except per share amounts or otherwise indicated) \\\\ \\hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\\\ \\hline Private Client \\\\ \\hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\\\ \\hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\\\ \\hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\\\ \\hline & & & & & \\\\ \\hline Asset Management \\\\ \\hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\\\ \\hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\\\ \\hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\\\ \\hline & & & & \\\\ \\hline Capital Markets \\\\ \\hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\\\ \\hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\\\ \\hline \\end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \\begin{table}{|c|c|c|} \\hline ('000s, except otherwise indicated) \\\\ \\hline & 4Q-21 & 4Q-20 \\\\ \\hline & & \\\\ \\hline Revenue & $173,310 & $217,743 \\\\ \\hline Commissions & $ 55,027 & $ 53,383 \\\\ \\hline Advisory Fees & $ 90,857 & $133,562 \\\\ \\hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\\\ \\hline Interest & $ 7,954 & $ 6,393 \\\\ \\hline Other & $ 15,544 & $ 20,143 \\\\ \\hline & & \\\\ \\hline Total Expenses & $155,526 & $178,381 \\\\ \\hline Compensation & $120,487 & $151,774 \\\\ \\hline Non-compensation & $35,039 & $ 26,607 \\\\ \\hline & & \\\\ \\hline Pre-Tax Income & $17,784 & $39,362 \\\\ \\hline & & \\\\ \\hline Compensation Ratio & 69.5 % & 69.7 % \\\\ \\hline Non-compensation Ratio & 20.2 % & 12.2 % \\\\ \\hline Pre-Tax Margin & 10.3 % & 18.1 % \\\\ \\hline & & \\\\ \\hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\\\ \\hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\\\ \\hline \\end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \\begin{table}{|c|c|c|} \\hline ('000s, except otherwise indicated) \\\\ \\hline & 4Q-21 & 4Q-20 \\\\ \\hline & & \\\\ \\hline Revenue & $ 27,930 & $ 72,851 \\\\ \\hline Advisory Fees & $ 27,926 & $ 70,847 \\\\ \\hline Other & $ 4 & $ 2,004 \\\\ \\hline & & \\\\ \\hline Total Expenses & $ 17,660 & $ 15,940 \\\\ \\hline Compensation & $ 8,172 & $ 7,104 \\\\ \\hline Non-compensation & $ 9,488 & $ 8,836 \\\\ \\hline & & \\\\ \\hline Pre-Tax Income & $ 10,270 & $ 56,911 \\\\ \\hline & & \\\\ \\hline Compensation Ratio & 29.3 % & 9.8 % \\\\ \\hline Non-compensation Ratio & 34.0 % & 12.1 % \\\\ \\hline Pre-Tax Margin & 36.8 % & 78.1 % \\\\ \\hline & & \\\\ \\hline AUM ($Bn) & $ 46.2 & $ 38.8 \\\\ \\hline \\end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \\begin{table}{|c|c|c|} \\hline ('000s) & & \\\\ \\hline & 4Q-21 & 4Q-20 \\\\ \\hline & & \\\\ \\hline Revenue & $ 165,575 & $ 131,651 \\\\ \\hline & & \\\\ \\hline Investment Banking & $ 112,647 & $ 78,048 \\\\ \\hline Advisory Fees & $ 56,503 & $ 32,749 \\\\ \\hline Equities Underwriting & $ 46,434 & $ 39,205 \\\\ \\hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\\\ \\hline Other & $ 169 & $ 620 \\\\ \\hline & & \\\\ \\hline Sales and Trading & $ 52,536 & $ 52,723 \\\\ \\hline Equities & $ 33,728 & $ 34,546 \\\\ \\hline Fixed Income & $ 18,808 & $ 18,177 \\\\ \\hline & & \\\\ \\hline Other & $ 392 & $ 880 \\\\ \\hline & & \\\\ \\hline Total Expenses & $ 68,737 & $ 89,757 \\\\ \\hline Compensation & $ 39,568 & $ 67,070 \\\\ \\hline Non-compensation & $ 29,169 & $ 22,687 \\\\ \\hline & & \\\\ \\hline Pre-Tax Income & $ 96,838 & $ 41,894 \\\\ \\hline & & \\\\ \\hline Compensation Ratio & 23.9 % & 50.9 % \\\\ \\hline Non-compensation Ratio & 17.6 % & 17.2 % \\\\ \\hline Pre-Tax Margin & 58.5 % & 31.8 % \\\\ \\hline \\end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \\begin{table}{|c|c|c|} \\hline ('000s) \\\\ \\hline & FY-21 & FY-20 \\\\ \\hline Revenue & $665,060 & $642,083 \\\\ \\hline Commissions & $217,724 & $209,447 \\\\ \\hline Advisory Fees & $346,559 & $326,858 \\\\ \\hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\\\ \\hline Interest & $ 29,290 & $ 25,148 \\\\ \\hline Other & $ 55,930 & $ 45,801 \\\\ \\hline Total Expenses & $563,914 & $519,239 \\\\ \\hline Compensation & $446,968 & $412,021 \\\\ \\hline Non-compensation & $116,946 & $107,218 \\\\ \\hline Pre-Tax Income & $101,146 & $122,844 \\\\ \\hline & & \\\\ \\hline Compensation Ratio & 67.2 % & 64.2 % \\\\ \\hline Non-compensation Ratio & 17.6 % & 16.7 % \\\\ \\hline Pre-Tax Margin & 15.2 % & 19.1 % \\\\ \\hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\\\ \\hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\\\ \\hline \\end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \\begin{table}{|c|c|c|} \\hline ('000s) \\\\ \\hline & FY-21 & FY-20 \\\\ \\hline & & \\\\ \\hline Revenue & $ 104,598 & $ 130,274 \\\\ \\hline Advisory Fees & $ 104,584 & $ 128,258 \\\\ \\hline Other & $ 14 & $ 2,016 \\\\ \\hline & & \\\\ \\hline Total Expenses & $ 68,724 & $ 58,649 \\\\ \\hline Compensation & $ 27,811 & $ 25,128 \\\\ \\hline Non-compensation & $ 40,913 & $ 33,521 \\\\ \\hline & & \\\\ \\hline Pre-Tax Income & $ 35,874 & $ 71,625 \\\\ \\hline & & \\\\ \\hline Compensation Ratio & 26.6 % & 19.3 % \\\\ \\hline Non-compensation Ratio & 39.1 % & 25.7 % \\\\ \\hline Pre-Tax Margin & 34.3 % & 55.0 % \\\\ \\hline & & \\\\ \\hline AUM ($Bn) & $ 46.2 & $ 38.8 \\\\ \\hline \\end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \\begin{table}{|c|c|c|} \\hline ('000s) & & \\\\ \\hline & FY-21 & FY-20 \\\\ \\hline & & \\\\ \\hline Revenue & $ 625,704 & $ 426,752 \\\\ \\hline & & \\\\ \\hline Investment Banking & $ 410,539 & $ 206,098 \\\\ \\hline Advisory Fees & $ 194,753 & $ 80,534 \\\\ \\hline Equities Underwriting & $ 186,736 & $ 103,276 \\\\ \\hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\\\ \\hline Other & $ 2,046 & $ 1,894 \\\\ \\hline & & \\\\ \\hline Sales and Trading & $ 213,491 & $ 217,711 \\\\ \\hline Equities & $ 138,363 & $ 130,668 \\\\ \\hline Fixed Income & $ 75,128 & $ 87,043 \\\\ \\hline & & \\\\ \\hline Other & $ 1,674 & $ 2,943 \\\\ \\hline & & \\\\ \\hline Total Expenses & $ 421,614 & $ 343,310 \\\\ \\hline Compensation & $ 318,850 & $ 251,697 \\\\ \\hline Non-compensation & $ 102,764 & $ 91,613 \\\\ \\hline & & \\\\ \\hline Pre-Tax Income & $ 204,090 & $ 83,442 \\\\ \\hline & & \\\\ \\hline Compensation Ratio & 51.0% & 59.0% \\\\ \\hline Non-compensation Ratio & 16.4% & 21.5% \\\\ \\hline Pre-Tax Margin & 32.6% & 19.6% \\\\ \\hline \\end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \\begin{table}{|c|c|c|} \\hline (In millions, except percentages, number of shares and per share amounts) \\\\ \\hline & FY-21 & FY-20 \\\\ \\hline Capital & & \\\\ \\hline Senior Secured Notes & $ 124.1 & $ 123.8 \\\\ \\hline Shareholders' Equity & $ 823.8 & $ 685.6 \\\\ \\hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\\\ \\hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\\\ \\hline & & \\\\ \\hline Common Stock Repurchases & & \\\\ \\hline Repurchases & $ 7.7 & $ 15.0 \\\\ \\hline Number of Shares & 177,192 & 718,522 \\\\ \\hline Average Price & $ 43.67 & $ 20.94 \\\\ \\hline & & \\\\ \\hline Period End Shares & 12,546,701 & 12,481,443 \\\\ \\hline Effective Tax Rate & 29.2 % & 27.2 % \\\\ \\hline & & \\\\ \\hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\\\ \\hline \\end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: \"OHAA\"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic (\"COVID-19\")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only \"essential\" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain \"forward-looking statements\" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting \"Forward-Looking Statements\" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline Oppenheimer Holdings Inc. \\\\ \\hline Consolidated Income Statements (Unaudited) \\\\ \\hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\\\ \\hline & & & & & & & & \\\\ \\hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\\\ \\hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\\\ \\hline REVENUE & & & & & & & & & & & \\\\ \\hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\\\ \\hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\\\ \\hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\\\ \\hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\\\ \\hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\\\ \\hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\\\ \\hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\\\ \\hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\\\ \\hline EXPENSES & & & & & & & & & & & \\\\ \\hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\\\ \\hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\\\ \\hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\\\ \\hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\\\ \\hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\\\ \\hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\\\ \\hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\\\ \\hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\\\ \\hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\\\ \\hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\\\ \\hline & & & & & & & & & & & & \\\\ \\hline Earnings per share & & & & & & & & & & & \\\\ \\hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\\\ \\hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\\\ \\hline & & & & & & & & & & & & \\\\ \\hline Weighted average number of common shares outstanding & & & & & & & & \\\\ \\hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\\\ \\hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\\\ \\hline \\end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.\n\nDate: 2022-01-28\nTitle: Brandywine Realty Trust Becomes Oversold\nArticle: The [DividendRank](https://www.dividendchannel.com/dividend-rank/) formula at [Dividend Channel](https://www.dividendchannel.com/) ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Brandywine Realty Trust (Symbol: BDN) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most \"interesting\" ideas that merit further research by investors. But making Brandywine Realty Trust an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of BDN entered into oversold territory, changing hands as low as $12.225 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Brandywine Realty Trust, the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by [Dividend Channel](https://www.dividendchannel.com/) currently has an average RSI of 40.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, BDN's recent annualized dividend of 0.76/share (currently paid in quarterly installments) works out to an annual yield of 6.05% based upon the recent $12.57 share price. A bullish investor could look at BDN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on BDN is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. [BDN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Click here to find out what 9 other oversold dividend stocks you need to know about »](https://www.dividendchannel.com/slideshows/ten-oversold-dividend-stocks/)\n\nDate: 2022-01-29\nTitle: 7 Little-Known Penny Stocks That Could Take Off Any Moment\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Usually, investment writers bury the fine print at the end of the article. You know the story, though: all investments involve risk and therefore, you must practice due diligence. That’s fine when discussing blue-chip equities. But when you’re dealing with penny stocks, you’ve got to go above and beyond. One of the biggest reasons for the extra precautionary disclosures is that penny stocks are wildly risky. When you speak with a certified investment professional (as in, not this author), you will almost certainly be directed to a portfolio of high-quality securities and investments with rational bullish narratives. Unfortunately, the speculative fare tempts you with their cheap prices — which typically get cheaper after purchase.Sure, your “friends” on social media will brag about their gains and their newfound financial freedom acquired through penny stocks. First off, people lie on the internet (believe me, it happens). Second, someone somewhere will win the lottery. But that doesn’t bear any relevance to whether you will win out. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Therefore, I’m going to share with you what my former martial arts instructor told me: rule number one is don’t get hurt. This applies to self-defense as it does to these penny stocks to consider. - **Bolt Biotherapeutics** (NASDAQ: [BOLT](https://investorplace.com/stock-quotes/bolt-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AMMO Inc.** (NASDAQ: [POWW](https://investorplace.com/stock-quotes/poww-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Seanergy Maritime** (NASDAQ: [SHIP](https://investorplace.com/stock-quotes/ship-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McEwen Mining** (NYSE: [MUX](https://investorplace.com/stock-quotes/mux-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Waitr** (NASDAQ: [WTRH](https://investorplace.com/stock-quotes/wtrh-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Boxlight** (NASDAQ: [BOXL](https://investorplace.com/stock-quotes/boxl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **First Graphene** (OTCMKTS: [FGPHF](https://investorplace.com/stock-quotes/fgphf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) Overall, the important point is that if you decide to gamble on these ideas, you’re doing it because you feel it’s the right opportunity. Don’t let me or anybody else sway you into investments you are not comfortable taking. And with that in mind, let’s dive in and take a closer look at these penny stocks to consider. **Penny Stocks: Bolt Biotherapeutics ([BOLT](https://www.nasdaq.com/market-activity/stocks/BOLT)))** [A close-up concept image of a tiny glass vial with a strand of DNA in it.](https://investorplace.com/wp-content/uploads/2021/03/biotech-stocks-2-300x169.jpg) Source: Shutterstock Most of the ideas I have will be priced literally as penny stocks, at least as of the time of this writing. In contrast, most folks will consider Bolt Biotherapeutics as being priced on the upper spectrum of what would be considered a penny stock. However, you should note that one year ago, Bolt was one of the more promising initial public offerings (IPO) in the biotechnology space.On Feb. 5, 2021, shares closed at $32.15. However, at the end of the third week of 2022, BOLT stock ended the session at $3.63, nearly an 89% loss. Even on a year-to-date (YTD) basis, the numbers are horrifying, with a drop of more than 30%. If you didn’t pay attention to anything I said about penny stocks above, it’s time to sober up.This is not a comfortable trade by any stretch of the imagination.However, there is a possibility that Bolt — which is pioneering a new category of targeted immunotherapies to facilitate anti-tumor immune responses — could eventually enjoy a resurgence. Currently, a huge need exists for therapeutics designed to address difficult-to-treat solid tumors. With that in mind, Bolt has provided some encouraging data, though early-stage biotechs are almost always crapshoots. **AMMO Inc. ([POWW](https://www.nasdaq.com/market-activity/stocks/POWW)))** [many ammunition bullets pattern background](https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg) Source: ThomasLENNE / Shutterstock.com A positive element about penny stocks is that they can facilitate equity ownership in underappreciated industries. I’m not entirely sure I would classify the ammunition industry as underappreciated, but the supply shortage that prompted massive runs on guns and price hikes on ammo created a huge opportunity for AMMO Inc.However, the narrative has shifted, at least on the charts. On a YTD basis, POWW stock plummeted nearly 25%. Over the trailing six months, the damage is even more pronounced, with the security hemorrhaging more than 43%. Some of the negativity could be due to shareholders being worried about [Ammo’s acquisition of GunBroker.com](https://www.benzinga.com/markets/penny-stocks/22/01/25128592/acquisition-gives-ammo-nasdaq-poww-an-online-marketplace), which is the world’s largest marketplace for firearms and related products.In my view, the selloff seems overdone, mainly because the supply crunch in the ammo industry isn’t yet over. According to the National Interest, both hunters and stores in the deep south are “having [trouble accessing ammunition](https://nationalinterest.org/blog/buzz/deep-south-faces-ammo-shortage-199756) during the height of hunting season.” - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) Of course, a major headwind is that new production takes time to distribute throughout the supply chain. Furthermore, the spike in gun demand from average everyday citizens have forced ammo manufacturers to concentrate on the most profitable calibers. Either way, there’s still a supply shortage, boding well for POWW stock. **Penny Stocks: Seanergy Maritime ([SHIP](https://www.nasdaq.com/market-activity/stocks/SHIP)))** [A photo of a large oil shipping rig.](https://investorplace.com/wp-content/uploads/2020/04/oil-shipping-3-300x169.jpg) Source: Shutterstock From a charting analysis perspective, Seanergy Maritime is among the more intriguing penny stocks. While other speculative ideas have incurred horrendous losses on a YTD basis, SHIP stock has kept relatively afloat, losing only 4%. That’s a better profile than some of the blue-chip equities that I’ve seen during this broader market fallout.With the exception of a brief blip higher, SHIP stock has been trending in a horizontal channel since the beginning of December last year. That’s usually a frustrating condition for most other asset categories. For penny stocks, though, it could be a sign that at any moment, a wave of buying activity could lift SHIP stock — if only temporarily.According to its website, Seanergy is billed as the “ [only pure-play Capesize shipping company](https://www.seanergymaritime.com/en/about/company-profile) listed in the US capital markets.” As you know, the shipping industry has been under the microscope due to the ongoing global supply chain crisis. But looking beyond the novel coronavirus pandemic, experts project the dry bulk shipping market to be worth $5.5 billion by 2030, registering a [compound annual growth rate of 4% between 2022 and 2030](https://www.marketresearchfuture.com/reports/dry-bulk-shipping-market-8308).Sure, it’s slow growth. But at these deflated levels, SHIP stock might be interesting to the hardened speculator. **McEwen Mining ([MUX](https://www.nasdaq.com/market-activity/stocks/MUX)))** [a cart filed with gold in a gold mine](https://investorplace.com/wp-content/uploads/2019/07/mining1600c-300x169.jpg) Source: Shutterstock As I write this, McEwen Mining closed the Jan 21. session at 95 cents. Depending on how broader sentiment plays out, this could be one of the penny stocks that are no longer literally the case by the time you read this. Specializing in precious metal mining, MUX stock might generate interest among those who wish to speculate on the possibly incoming fear trade.Although an interesting concept, it’s a tough one to have confidence in. Namely, the Federal Reserve has admitted great concern over [soaring consumer prices](https://www.nytimes.com/2021/12/10/business/cpi-inflation-november-2021.html#:~:text=The%20Consumer%20Price%20Index%20climbed,quickest%20annual%20reading%20since%201991.). Therefore, it seems a sure bet that the central bank will implement an aggressively hawkish monetary policy. That will likely raise borrowing costs, thus lifting the dollar above other international currencies.On paper, that wouldn’t be positive for precious metals. Then again, this sector has been looking enticing since December last year. It could be that fear of the unknown will lift the metals, irrespective of a rising dollar. - [7 Penny Stocks To Pick Up for Profits in Q1](https://investorplace.com/2022/01/7-penny-stocks-to-pick-up-for-profits-in-q1/?utm_source=Nasdaq&utm_medium=referral) However, it’s also important to note that McEwen is [also involved in copper mining](https://www.mcewenmining.com/operations/los-azules/default.aspx), with the underlying asset being critical for [electric vehicles](https://investorplace.com/understanding-investment-opportunity-electric-vehicle-ev-stocks/?utm_source=Nasdaq&utm_medium=referral) (EVs). That’s no guarantee of upside, but MUX stock is one of the penny stocks to watch carefully. **Penny Stocks: Waitr ([WTRH](https://www.nasdaq.com/market-activity/stocks/WTRH)))** [Photo of Waitr (Source: PREMIO STOCK / Shutterstock.com To be completely upfront, I don’t have the greatest of confidence in Waitr, an on-demand food-delivery service that connects users with several local establishments. As you might imagine, the platform experienced a surge in demand following the initial intrusion of the coronavirus pandemic. But as people became acclimated to the crisis, WTRH stock suffered considerably.Also, Waitr came to the public market via a reverse merger with a [special purpose acquisition company](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) (SPAC) before SPACs became a hot commodity. Still, post-business combination [SPACs have underperformed benchmark indices](https://www.indxx.com/indices/thematic/indxx-spac--nextgen-ipo-index-tr) over the trailing year. Overall, WTRH stock truly demonstrates the risks involved with merging with shell companies. The equity unit is down almost 95% against its $10 initial offering price.However, is there an outside chance that WTRH stock could be worth something for the speculator? Suffering a 25% YTD loss, the situation doesn’t look good. However, mitigation protocols to address the omicron threat makes going to restaurants a bit of a drag. More critically, according to experts, a possibility still exists that a [highly infectious and deadly variant could emerge](https://www.msn.com/en-us/health/medical/more-infectious-than-omicron-deadly-like-delta-ucsd-doc-on-possibilities-for-future-covid-variants/ar-AASXuOU?ocid=msedgntp).That said, I don’t want to think about it and that’s the point. WTRH stock is one of the penny stocks that largely only has a cynical thesis. **Boxlight (BOXL)** [Boxlight (BOXL) website under magnifying glass](https://investorplace.com/wp-content/uploads/2020/07/boxl-stock-300x169.jpg) Source: Pavel Kapysh / Shutterstock.com Billed as an [innovative education platform](https://mimio.boxlight.com/) that provides better solutions for better results, Boxlight from a bigger-picture perspective seems like one of the most compelling penny stocks available. Essentially, the company offers a holistic solution to the academic market, enabling students to learn key subjects such as STEM (science, technology, engineering, math) in an effective manner, thus improving educational outcomes for everyone.Sadly, the market doesn’t exactly feel the same way. Since the January opener, BOXL shares have dropped nearly 26%, a conspicuously steep figure even when stacked against other risky penny stocks. Over the trailing half-year period, the security has succumbed to a 48% move below parity.If you’re asking why, the issue likely stems from the omicron variant, specifically its impact on school systems. They’re shutting down, eschewing the traditional learning experience for at-home learning. It’s a tough position to be in because, in the name of safety, [we could really be damaging future generations of American workers](https://www.washingtonpost.com/outlook/2022/01/06/omicron-school-closures/). - [7 Undervalued Stocks That Won't Stay That Way for Long](https://investorplace.com/2022/01/7-undervalued-stocks-that-wont-stay-deflated/?utm_source=Nasdaq&utm_medium=referral) Furthermore, the Washington Post warned about a lost generation as research indicates [students are sliding backward](https://www.washingtonpost.com/education/students-falling-behind/2020/12/06/88d7157a-3665-11eb-8d38-6aea1adb3839_story.html). Thus, Boxlight’s relevance could spike up BOXL stock. We just don’t know when that will be. **Penny Stocks: First Graphene (FGPHF)** [A digital illustration of 3D graphene molecules.](https://investorplace.com/wp-content/uploads/2020/11/graphene-300x169.jpg) Source: Shutterstock Before we get into a discussion about First Graphene, I own a few shares of this extremely speculative idea. Therefore, take it with a grain of salt and always conduct your due diligence, especially with risky penny stocks.Although buying shares presently priced at 14 cents is not necessarily the wisest move, I was nevertheless encouraged by the underlying narrative. As one of the few legitimate research and developers of graphene-based products, First Graphene has enormous potential provided that its business strategies go according to plan. As the [strongest material known to exist](https://newscenter.lbl.gov/2016/02/08/graphene-is-strong-but-is-it-tough/#:~:text=Graphene%2C%20a%20material%20consisting%20of,extraordinary%20mechanical%20and%20electrical%20properties.), the namesake asset offers substantial additive applications.For instance, graphene-treated concrete could yield more resilient buildings and cut down on material waste. Also, concrete is a [surprising source of carbon emissions](https://www.bbc.com/news/science-environment-46455844); thus, improving its durability is an environmentally accretive endeavor.If that wasn’t enough to pique your curiosity, First Graphene recently [achieved a milestone with its high-performing supercapacitor materials project](https://firstgraphene.net/graphene-based-supercapacitor-materials-deliver-85-improvement-in-energy-density-levels/), which has obvious implications for EVs and the next generation of clean transportation initiatives. It’s no wonder so many have labeled graphene as a miracle material.Still, this is a super-risky play. So only gamble with money you can afford to lose. On the date of publication, Josh Enomoto held a LONG position in FGPHF. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.The post [7 Little-Known Penny Stocks That Could Take Off Any Moment](https://investorplace.com/2022/01/7-little-known-penny-stocks-take-off-any-moment/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: VAALCO Energy Declares Initial Quarterly Dividend\nArticle: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (\"**VAALCO**\" or the \"**Company**\")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, \"In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value.\" \\begin{table}{|c|c|} \\hline For Further Information & \\\\ \\hline & \\\\ \\hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\\\ \\hline Website: & www.vaalco.com \\\\ \\hline & \\\\ \\hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\\\ \\hline Al Petrie / Chris Delange & \\\\ \\hline & \\\\ \\hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\\\ \\hline Ben Romney / Jon Krinks/ James Husband & VAALCO@buchanan.uk.com \\\\ \\hline \\end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts\nArticle: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.\n\nDate: 2022-01-28\nTitle: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\nArticle: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! 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The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y\nArticle: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: First Week of NKLA March 11th Options Trading\nArticle: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: First Week of AMBA March 11th Options Trading\nArticle: Investors in Ambarella, Inc. (Symbol: AMBA) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AMBA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $120.00 strike price has a current bid of $10.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $109.60 (before broker commissions). To an investor already interested in purchasing shares of AMBA, that could represent an attractive alternative to paying $123.79/share today. Because the $120.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=put&contract=120.00). Should the contract expire worthless, the premium would represent a 8.67% return on the cash commitment, or 75.32% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Ambarella, Inc., and highlighting in green where the $120.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $11.80. If an investor was to purchase shares of AMBA stock at the current price level of $123.79/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.55% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AMBA shares really soar, which is why looking at the trailing twelve month trading history for Ambarella, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AMBA's trailing twelve month trading history, with the $130.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $130.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=call&contract=130.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.53% boost of extra return to the investor, or 82.84% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 100%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $123.79) to be 63%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: First Week of April 14th Options Trading For Vir Biotechnology\nArticle: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report\nArticle: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation\nArticle: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Novavax and Israel Announce Advance Purchase Agreement for Supply of COVID-19 Vaccine\nArticle: **The Novavax vaccine would be the first protein-based alternative available in Israel** GAITHERSBURG, Md., Jan. 28, 2022 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, and Israel's Ministry of Health today announced an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M™ adjuvant. \"Israel has been at the forefront of the fight against COVID-19 and has demonstrated strong leadership throughout the pandemic,\" said Stanley C. Erck, President and Chief Executive Officer, Novavax. \"We thank the Israeli Ministry of Health for their commitment to providing a protein-based COVID-19 vaccine option, based on well-understood technology, to the people of Israel.\" Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico, the results of which were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM); and a trial with almost 15,000 participants in the U.K. which was also published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups. The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the [European Union](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2488037643&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D4293825725%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3397167-1%2526h%253D2118831841%2526u%253Dhttps%25253A%25252F%25252Fir.novavax.com%25252F2021-12-20-European-Commission-Grants-Conditional-Marketing-Authorization-for-Novavax-COVID-19-Vaccine%2526a%253Dconditional%252Bmarketing%252Bauthorization%26a%3DEuropean%2BUnion&a=European+Union) and emergency use listing (EUL) from the [World Health Organization](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=4247948068&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D3156131270%26u%3Dhttps%253A%252F%252Fir.novavax.com%252F2021-12-20-World-Health-Organization-Grants-Second-Emergency-Use-Listing-for-Novavax-COVID-19-Vaccine%26a%3DWorld%2BHealth%2BOrganization&a=World+Health+Organization) (WHO), among others. The vaccine is also currently under review by multiple regulatory agencies worldwide. The company submitted its complete chemistry, manufacturing and controls (CMC) data package to the U.S. Food and Drug Administration (FDA) at the end of 2021 and expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with [guidance](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=681615644&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D433303435%26u%3Dhttps%253A%252F%252Fwww.fda.gov%252Fmedia%252F142749%252Fdownload%26a%3Dguidance&a=guidance) from the FDA regarding submission of all EUA vaccines. **About NVX-CoV2373**NVX-CoV2373 is a protein-based vaccine engineered from the genetic sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19 disease. NVX-CoV2373 was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Novavax' patented saponin-based Matrix-M™ adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. NVX-CoV2373 contains purified protein antigen and can neither replicate, nor can it cause COVID-19. Novavax' COVID-19 vaccine is packaged as a ready-to-use liquid formulation in a vial containing ten doses. The vaccination regimen calls for two 0.5 ml doses (5 mcg antigen and 50 mcg Matrix-M adjuvant) given intramuscularly 21 days apart. The vaccine is stored at 2°- 8° Celsius, enabling the use of existing vaccine supply and cold chain channels. Use of the vaccine should be in accordance with official recommendations. Novavax has established partnerships for the manufacture, commercialization and distribution of NVX-CoV2373 worldwide. Existing authorizations leverage Novavax' manufacturing partnership with Serum Institute of India (SII), the world's largest vaccine manufacturer by volume. They will later be supplemented with data from additional manufacturing sites throughout Novavax' global supply chain. **About the NVX-CoV2373 Phase 3 trials** NVX-CoV2373 is being evaluated in two pivotal Phase 3 trials. PREVENT-19, a trial in the U.S. and Mexico that enrolled almost 30,000 participants, achieved 90.4% efficacy overall. It was designed as a 2:1 randomized, placebo-controlled, observer-blinded study to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373. The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second dose in serologically negative (to SARS-CoV-2) adult participants at baseline. The statistical success criterion included a lower bound of 95% CI >30%. The key secondary endpoint is the prevention of PCR-confirmed, symptomatic moderate or severe COVID-19. Both endpoints were assessed at least seven days after the second study vaccination in volunteers who had not been previously infected with SARS-CoV-2. It was generally well-tolerated and elicited a robust antibody response after the second dose in both studies. Full results of the trial were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM). A trial conducted in the U.K. with 14,039 participants was designed as a randomized, placebo-controlled, observer-blinded study and achieved overall efficacy of 89.7%. The primary endpoint was based on the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second study vaccination in serologically negative (to SARS-CoV-2) adult participants at baseline. Full results of the trial were published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). **About Matrix-M™ Adjuvant** Novavax' patented saponin-based Matrix-M™ adjuvant has demonstrated a potent and generally well-tolerated effect by stimulating the entry of antigen-presenting cells into the injection site and enhancing antigen presentation in local lymph nodes, boosting immune response. **About Novavax** Novavax, Inc. (Nasdaq: NVAX) is a biotechnology company that promotes improved health globally through the discovery, development and commercialization of innovative vaccines to prevent serious infectious diseases. The company's proprietary recombinant technology platform harnesses the power and speed of genetic engineering to efficiently produce highly immunogenic nanoparticles designed to address urgent global health needs. NVX-CoV2373, the company's COVID-19 vaccine, has received authorization from multiple regulatory authorities globally, including Conditional Marketing Authorization from the European Commission and Emergency Use Listing from the World Health Organization. The vaccine is also under review by multiple regulatory agencies worldwide. For more information, visit [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com) and connect with us [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1749870132&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnovavax%2F&a=LinkedIn). **Forward-Looking Statements** Statements herein relating to the future of Novavax, its operating plans and prospects, its partnerships, the ongoing development of NVX-CoV2373, the scope, timing and outcome of future regulatory filings and actions, including Novavax' plans to submit an EUA application to the U.S. FDA after one month, the potential impact of Novavax and NVX-CoV2373 in addressing vaccine access, controlling the pandemic and protecting populations, the efficacy, safety and intended utilization of NVX-CoV2373, and the expected delivery of NVX-CoV2373 are forward-looking statements. Novavax cautions that these forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include challenges satisfying, alone or together with partners, various safety, efficacy, and product characterization requirements, including those related to process qualification and assay validation, necessary to satisfy applicable regulatory authorities; difficulty obtaining scarce raw materials and supplies; resource constraints, including human capital and manufacturing capacity, on the ability of Novavax to pursue planned regulatory pathways; challenges meeting contractual requirements under agreements with multiple commercial, governmental, and other entities; and those other risk factors identified in the \"Risk Factors\" and \"Management's Discussion and Analysis of Financial Condition and Results of Operations\" sections of Novavax' Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission (SEC). We caution investors not to place considerable reliance on forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at [www.sec.gov](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1242319065&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov) and [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com), for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of the statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. **Contacts:** InvestorsNovavax, Inc.Erika Schultz | 240-268-2022 [ir@novavax.com](mailto:ir@novavax.com) Solebury TroutAlexandra Roy | 617-221-9197 [aroy@soleburytrout.com](mailto:aroy@soleburytrout.com) MediaAli Chartan | 240-720-7804Laura Keenan Lindsey | 202-709-7521 [media@novavax.com](mailto:media@novavax.com) [](https://mma.prnewswire.com/media/1506866/Novavax_High_Res_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=PH43882&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html](https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html) SOURCE Novavax, Inc.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: CFFN\nSecurity: Capitol Federal Financial, Inc.\nRelated Stocks/Topics: Nasdaq-Listed Companies\nTitle: Capitol Federal Financial (NASDAQ:CFFN) Has Re-Affirmed Its Dividend Of US$0.085\nType: News\nPublication: Simply Wall St\nPublication Author: Simply Wall St\nDate: 2022-01-29\nArticle: The board of **Capitol Federal Financial, Inc.** (NASDAQ:CFFN) has announced that it will pay a dividend of US$0.085 per share on the 18th of February. This means the annual payment is 8.5% of the current stock price, which is above the average for the industry. **Capitol Federal Financial Doesn't Earn Enough To Cover Its Payments** A big dividend yield for a few years doesn't mean much if it can't be sustained. Based on the last dividend, Capitol Federal Financial is earning enough to cover the payment, but the it makes up 200% of cash flows. While the company may be more focused on returning cash to shareholders than growing the business at this time, we think that a cash payout ratio this high might expose the dividend to being cut if the business ran into some challenges. Over the next year, EPS is forecast to fall by 0.2%. If the dividend continues along recent trends, we estimate the payout ratio could reach 172%, which could put the dividend in jeopardy if the company's earnings don't improve.[historic-dividend](https://images.simplywall.st/asset/chart/399884-historic-dividend-1-dark/1643458416281) NasdaqGS:CFFN Historic Dividend January 29th 2022**Dividend Volatility** The company has a long dividend track record, but it doesn't look great with cuts in the past. The dividend has gone from US$0.60 in 2012 to the most recent annual payment of US$0.96. This implies that the company grew its distributions at a yearly rate of about 4.8% over that duration. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past. **Dividend Growth May Be Hard To Achieve** Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. In the last five years, Capitol Federal Financial's earnings per share has shrunk at approximately 2.2% per annum. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. **The Dividend Could Prove To Be Unreliable** Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. While Capitol Federal Financial is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified [1 warning sign for Capitol Federal Financial](https://simplywall.st/stocks/us/banks/nasdaq-cffn/capitol-federal-financial?blueprint=1875883&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1875883&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg4MzpjNjAxNjA1ZGIyOWUzOTk5)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nStock Price 4 days before: 11.6232\nStock Price 2 days before: 11.1075\nStock Price 1 day before: 11.4528\nStock Price at release: 11.3182\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":10.9184,"string":"10.9184"}}},{"rowIdx":294,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders\nArticle: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company\n\nDate: 2022-01-28\nTitle: Enterprise Financial Services' (NASDAQ:EFSC) Shareholders Will Receive A Bigger Dividend Than Last Year\nArticle: The board of **Enterprise Financial Services Corp** (NASDAQ:EFSC) has announced that it will be increasing its dividend on the 31st of March to US$0.21. Even though the dividend went up, the yield is still quite low at only 1.6%. **Enterprise Financial Services' Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, Enterprise Financial Services' earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.3% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.[historic-dividend](https://images.simplywall.st/asset/chart/3109911-historic-dividend-1-dark/1643364750984) NasdaqGS:EFSC Historic Dividend January 28th 2022**Enterprise Financial Services Has A Solid Track Record** The company has an extended history of paying stable dividends. Since 2012, the first annual payment was US$0.21, compared to the most recent full-year payment of US$0.84. This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable. **Enterprise Financial Services Could Grow Its Dividend** Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Enterprise Financial Services has impressed us by growing EPS at 7.6% per year over the past five years. Enterprise Financial Services definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We'd also point out that Enterprise Financial Services has issued stock equal to 44% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. **Enterprise Financial Services Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified [2 warning signs for Enterprise Financial Services](https://simplywall.st/stocks/us/banks/nasdaq-efsc/enterprise-financial-services?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYwODpmMTQxOGU3MDUzZWQ4NmY4)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates\nArticle: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y\nArticle: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)\n\n\nBroader Industry Information:\nDate: 2022-01-29\nTitle: 4 Under-the-Radar Stocks With 319% to 645% Upside in 2022, According to Wall Street\nArticle: Despite the stock market undergoing its biggest correction in more than a year, investors have enjoyed a historic bounce from the March 2020 pandemic lows. It took less than 17 months for the broad-based **S&P 500**to double in value. By comparison, the benchmark index has returned closer to 11% annually, including dividends, since 1980.But even with these big gains for the broader market, some stocks may just be getting started. Based on the highest price target issued by Wall Street analysts and investment banks, the following four under-the-radar stocks have the potential to skyrocket between 319% and 645% in 2022. [Rising green line and ascending bar chart set atop newspaper with stock quotes. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fascending-bar-chart-line-invest-financial-newspaper-stock-market-quote-rally-bull-getty.jpg&w=700) Image source: Getty Images. **Ocugen: Implied upside of 408%**The first stock with significant upside potential, at least according to one analyst, is clinical-stage [biotech stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) **Ocugen** [(NASDAQ: OCGN)](https://www.nasdaq.com/market-activity/stocks/ocgn). According to Robert LeBoyer of Noble Financial, Ocugen can hit $15 a share, which would represent a more-than-quintupling in the company's share price, based on where it closed on Jan. 27.Ocugen's potential claim to fame and riches is its coronavirus disease 2019 (COVID-19) vaccine, Covaxin. Covaxin was developed by India's Bharat Biotech, and it yielded a respectable 78% vaccine efficacy (VE) in a 25,800-patient clinical study. Covaxin was also given the green light for emergency use by the World Health Organization (WHO) in early November. With so many people left to vaccinate globally, there's ample room for multiple vaccines to thrive.But [there's a very big catch to Ocugen's future](https://www.fool.com/investing/2021/10/05/5-ultra-popular-stocks-avoid-like-plague-october/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). The company signed a commercialization agreement with Bharat Biotech that only covers the U.S. and Canada. This means the WHO giving Covaxin a green light won't put a dime in Ocugen's pockets. Although the U.S. and Canada are highly lucrative markets for pharmaceuticals, there are already a number of well-established COVID-19 players in the U.S. and Canada. It's [not clear](https://www.fool.com/investing/2021/11/10/does-ocugen-even-have-a-shot-at-winning-eua-for-it/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) if a vaccine offering a 78% VE will even be necessary.Unless Ocugen can garner emergency use authorization in these two markets, it likely has no chance of coming anywhere close to LeBoyer's price target. [Lab technician examining a prescription drug capsule. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fresearchers-in-lab-with-pill-getty.jpg&w=700) Image source: Getty Images. **Vaxart: Implied upside of 319%**Another under-the-radar stock that could fly in 2022, assuming Wall Street is correct, is clinical-stage drug developer **Vaxart** [(NASDAQ: VXRT)](https://www.nasdaq.com/market-activity/stocks/vxrt). Analyst Yasmeen Rahimi of Piper Sandler [expects Vaxart to hit $18 a share](https://www.fool.com/investing/2021/07/15/3-small-cap-stocks-158-to-329-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which would represent a hearty 319% upside from where it closed a few days earlier.Vaxart has two core catalysts that essentially blend into one. First, it has its proprietary technology known as \"Vector-Adjuvant-Antigen Standardized Technology,\" or VAAST. Whereas most vaccine-based medicines provide a clear systemic response, Vaxart is attempting to lean on VAAST to create oral treatments that elicit systemic and mucosal immunity. In other words, its therapies would offer potentially greater protection against airborne viruses.The second catalyst is the development of an oral COVID-19 treatment. Last year, Vaxart's early stage data from its oral COVID-19 therapy showed mixed results. While it did produce a notable immune response, the level of neutralizing antibodies [was considerably lower in pill form](https://www.fool.com/investing/2021/05/09/is-vaccine-maker-vaxart-worth-holding-from-here/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) relative to traditional vaccines.Vaxart's plan of attack, so to speak, is to target a specific protein with its mid-stage trial. Though an oral COVID-19 treatment [would be a game-changer](https://www.fool.com/investing/2022/01/27/4-of-fastest-growing-stocks-on-the-planet-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) from a distribution perspective, we still look to be a ways off from having anything definitive hitting pharmacy shelves. [A lab researcher using a pipette to take liquid samples. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fpharma-biotech-lab-drug-research-pipette-test-tube-getty.jpg&w=700) Image source: Getty Images. **Intercept Pharmaceuticals: Implied upside of 468%**Interestingly, Vaxart isn't the only biotech stock that Rahimi sees skyrocketing in 2022. The Piper Sandler analyst also has [an $82 price target](https://www.fool.com/investing/2021/11/03/5-biotech-stocks-105-to-386-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) on liver disease-focused drug developer **Intercept Pharmaceuticals** [(NASDAQ: ICPT)](https://www.nasdaq.com/market-activity/stocks/icpt). If Intercept were to reach $82 this year, it'd mark a 468% increase from where it is now.The single biggest catalyst that makes or breaks Rahimi's case is obeticholic acid (OCA), a late-stage treatment for nonalcoholic steatohepatitis (NASH). NASH is a liver disease that affects between 2% and 5% of all U.S. adults, and is characterized by liver fibrosis that can lead to cancer and even death. There is no cure for NASH, but it's a $35 billion untapped opportunity for drugmakers.Nearly three years ago, Intercept reported data from its late-stage Regenerate trial, which examined OCA in patients with NASH. While the study did [reach one of its two co-primary endpoints](https://www.fool.com/investing/2021/04/30/3-turnaround-stocks-91-to-104-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) -- a statistically significant reduction in liver fibrosis without a worsening in NASH -- the patients in the highest-dose arm (the most-effective group) showed a big uptick in pruritus (itching) and trial discontinuations, relative to the placebo arm. The U.S. Food and Drug Administration (FDA) chose to issue a Complete Response Letter to Intercept demanding additional trial and safety data on OCA.Sometime within the next two months, Intercept is expected to release data from its phase 3 Reverse study in patients with compensated cirrhosis due to NASH. The data from this study should allow Intercept to resubmit its new drug application with the FDA. Even if OCA is only approved for a small subset of patients, it [could offer billion-dollar sales potential](https://www.fool.com/investing/2021/04/01/3-top-stocks-thatll-make-you-richer-in-april/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). But reaching $82 this year might be asking a bit much. [A lab technician using a pipette to place a liquid sample under a high-powered microscope.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fbiotech-lab-researcher-microscope-getty.jpg&w=700) Image source: Getty Images. **Bionano Genomics: Implied upside of 645%**But the mountain of upside opportunity, at least pertaining to this list of under-the-radar stocks, belongs to genome-analysis company **Bionano Genomics** [(NASDAQ: BNGO)](https://www.nasdaq.com/market-activity/stocks/bngo). According to analyst Kevin DeGeeter of **Oppenheimer**, [Bionano could rally to $14](https://www.fool.com/investing/2021/09/29/5-ultra-popular-stocks-with-120-to-190-upside/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which implies upside of 645%!The excitement surrounding Bionano Genomics started a little over a year ago when the company issued numerous press releases and studies [showcasing its optical genome mapping (OGM) system](https://www.fool.com/investing/2021/01/27/should-you-buy-bionano-genomics-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) known as Saphyr. For instance, one study, released in December 2020, showed Saphyr had better success in identifying large structural genome variations than a similar OGM system developed by **Pacific Biosciences**. In addition to being more effective, it was the cheaper of the two, as well.What Saphyr brings to the table is a potentially licensable technology that drug developers could use to better target gene variations of hard-to-treat diseases. Assuming Bionano can generate some licensing revenue, this incoming capital, along with dilutive share sales, should provide enough cash for the company to build up its use case for Saphyr.On the other hand, it could be years before Saphyr gets a green light from the FDA. Without this proverbial green light, it could be difficult for Bionano Genomics to secure research/license agreements that generate revenue. Having fallen well off its highs, Bionano [is intriguing for long-term investors](https://www.fool.com/investing/2021/09/16/4-small-cap-growth-stocks-increase-sales-707-9406/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) with a high tolerance for risk and reward. But reaching $14 in 2022 is not something I'd expect without FDA approval. **10 stocks we like better than Ocugen, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) for investors to buy right now... and Ocugen, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) owns Intercept Pharmaceuticals. The Motley Fool recommends Intercept Pharmaceuticals. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Provident Bancorp (PVBC) Misses Q4 Earnings Estimates\nArticle: Provident Bancorp (PVBC) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Provident Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $17.64 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $16.29 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Provident Bancorp shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Provident Bancorp?**While Provident Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PVBC/earnings-calendar), the estimate revisions trend for Provident Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $17.01 million in revenues for the coming quarter and $1 on $70.17 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Farmers & Merchants Bancorp Inc. (FMAO), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Farmers & Merchants Bancorp Inc.'s revenues are expected to be $22.3 million, up 2.5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Provident Bancorp, Inc. (PVBC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PVBC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FMAO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858717/provident-bancorp-pvbc-misses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year\nArticle: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\\\ \\hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\\\ \\hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\\\ \\hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\\\ \\hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\\\ \\hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\\\ \\hline & & & & & & & & & \\\\ \\hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\\\ \\hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\\\ \\hline & & & & & & & & & \\\\ \\hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\\\ \\hline Less: Purchase Accounting Accretion on loans (\"PAA\") & & & 625 & & & & (2,541 & ) & & & — & \\\\ \\hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\\\ \\hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\\\ \\hline & & & & & & & & & \\\\ \\hline \\end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\\\ \\hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\\\ \\hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\\\ \\hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\\\ \\hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\\\ \\hline Non-owner-occupied commercial real estate (\"CRE\") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\\\ \\hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\\\ \\hline Acquisition, development, and construction (\"ADC\") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\\\ \\hline Commercial and industrial (\"C&I\") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\\\ \\hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\\\ \\hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\\\ \\hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered \"commercial real estate\" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|} \\hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\\\ \\hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\\\ \\hline & & & & & & & & & \\\\ \\hline \\end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). These statements may be identified by use of words such as \"anticipate,\" \"believe,\" “continue,” \"could,\" \"estimate,\" \"expect,\" \"intend,\" “likely,” \"may,\" \"outlook,\" \"plan,\" \"potential,\" \"predict,\" \"project,\" \"should,\" \"will,\" \"would\" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & December 31, & & September 30, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 \\\\ \\hline Assets: & & & & & & & & & \\\\ \\hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\\\ \\hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\\\ \\hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\\\ \\hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\\\ \\hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\\\ \\hline Loans held for investment, net: & & & & & & & & & \\\\ \\hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\\\ \\hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\\\ \\hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\\\ \\hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\\\ \\hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\\\ \\hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\\\ \\hline Small Business Administration (\"SBA\") Paycheck Protection Program (\"PPP\") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\\\ \\hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\\\ \\hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\\\ \\hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\\\ \\hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\\\ \\hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\\\ \\hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\\\ \\hline Bank Owned Life Insurance (\"BOLI\") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\\\ \\hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\\\ \\hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\\\ \\hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\\\ \\hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\\\ \\hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\\\ \\hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\\\ \\hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\\\ \\hline Liabilities: & & & & & & & & & \\\\ \\hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\\\ \\hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\\\ \\hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\\\ \\hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\\\ \\hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\\\ \\hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\\\ \\hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\\\ \\hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\\\ \\hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\\\ \\hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\\\ \\hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\\\ \\hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\\\ \\hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\\\ \\hline Stockholders' equity: & & & & & & & & & \\\\ \\hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\\\ \\hline Common stock & & & 416 & & & & 416 & & & & 348 & \\\\ \\hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\\\ \\hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\\\ \\hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\\\ \\hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\\\ \\hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\\\ \\hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\\\ \\hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\\\ \\hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\\\ \\hline & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered \"commercial real estate\" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Interest income: & & & & & & & & & & & & & & & \\\\ \\hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\\\ \\hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\\\ \\hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\\\ \\hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\\\ \\hline Interest expense: & & & & & & & & & & & & & & & \\\\ \\hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\\\ \\hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\\\ \\hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\\\ \\hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\\\ \\hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\\\ \\hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Non-interest income: & & & & & & & & & & & & & & & \\\\ \\hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\\\ \\hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\\\ \\hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\\\ \\hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\\\ \\hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\\\ \\hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\\\ \\hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\\\ \\hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\\\ \\hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\\\ \\hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\\\ \\hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\\\ \\hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\\\ \\hline Non-interest expense: & & & & & & & & & & & & & & & \\\\ \\hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\\\ \\hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\\\ \\hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\\\ \\hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\\\ \\hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\\\ \\hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\\\ \\hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\\\ \\hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\\\ \\hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\\\ \\hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\\\ \\hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\\\ \\hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\\\ \\hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\\\ \\hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\\\ \\hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\\\ \\hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\\\ \\hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\\\ \\hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Earnings per common share (\"EPS\"): & & & & & & & & & & & & & & & \\\\ \\hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\\\ \\hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\\\ \\hline & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & At or For the Three Months Ended & & At or For the Year Ended & \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\\\ \\hline Per Share Data: & & & & & & & & & & & & & & & & \\\\ \\hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\\\ \\hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\\\ \\hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\\\ \\hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\\\ \\hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\\\ \\hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\\\ \\hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\\\ \\hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\\\ \\hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\\\ \\hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\\\ \\hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\\\ \\hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\\\ \\hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\\\ \\hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\\\ \\hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\\\ \\hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\\\ \\hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\\\ \\hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\\\ \\hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\\\ \\hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\\\ \\hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\\\ \\hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\\\ \\hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\\\ \\hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\\\ \\hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\\\ \\hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) See \"Non-GAAP Reconciliation\" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & \\\\ \\hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\\\ \\hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\\\ \\hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\\\ \\hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\\\ \\hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\\\ \\hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\\\ \\hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\\\ \\hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\\\ \\hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\\\ \\hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\\\ \\hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\\\ \\hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\\\ \\hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\\\ \\hline & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\\\ \\hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\\\ \\hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\\\ \\hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\\\ \\hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\\\ \\hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\\\ \\hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\\\ \\hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\\\ \\hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\\\ \\hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\\\ \\hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\\\ \\hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\\\ \\hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\\\ \\hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\\\ \\hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\\\ \\hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\\\ \\hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\\\ \\hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\\\ \\hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\\\ \\hline & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & At or For the Three Months Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, \\\\ \\hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\\\ \\hline Non-performing loans (\"NPLs\") (1) & & & & & & & & & \\\\ \\hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\\\ \\hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\\\ \\hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\\\ \\hline ADC & & & — & & & & — & & & & — & \\\\ \\hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\\\ \\hline Other & & & 365 & & & & 374 & & & & 1 & \\\\ \\hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\\\ \\hline Total Non-performing assets (\"NPAs\") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Loans 90 days delinquent and accruing (\"90+ Delinquent\") & & & & & & & & & \\\\ \\hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\\\ \\hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\\\ \\hline CRE & & & — & & & & 1,004 & & & & — & \\\\ \\hline ADC & & & — & & & & — & & & & — & \\\\ \\hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\\\ \\hline Other & & & — & & & & — & & & & — & \\\\ \\hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\\\ \\hline & & & & & & & & & \\\\ \\hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\\\ \\hline & & & & & & & & & \\\\ \\hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\\\ \\hline Net charge-offs (recoveries) (\"NCOs\") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\\\ \\hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\\\ \\hline & & & & & & & & & \\\\ \\hline \\end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles (\"GAAP\") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\\\ \\hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\\\ \\hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\\\ \\hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\\\ \\hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\\\ \\hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\\\ \\hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\\\ \\hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\\\ \\hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\\\ \\hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\\\ \\hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\\\ \\hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\\\ \\hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\\\ \\hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\\\ \\hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\\\ \\hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\\\ \\hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\\\ \\hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\\\ \\hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\\\ \\hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\\\ \\hline & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\\\ \\hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\\\ \\hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\\\ \\hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\\\ \\hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\\\ \\hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\\\ \\hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\\\ \\hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\\\ \\hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\\\ \\hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\\\ \\hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\\\ \\hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\\\ \\hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\\\ \\hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\\\ \\hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\\\ \\hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\\\ \\hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\\\ \\hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\\\ \\hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\\\ \\hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\\\ \\hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\\\ \\hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\\\ \\hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\\\ \\hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\\\ \\hline & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & December 31, & & September 30, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 \\\\ \\hline Reconciliation of Tangible Assets: & & & & & & & & & \\\\ \\hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\\\ \\hline Less: & & & & & & & & & \\\\ \\hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\\\ \\hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\\\ \\hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\\\ \\hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\\\ \\hline Less: & & & & & & & & & \\\\ \\hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\\\ \\hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\\\ \\hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\\\ \\hline Less: & & & & & & & & & \\\\ \\hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\\\ \\hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\\\ \\hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\\\ \\hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\\\ \\hline & & & & & & & & & & & & \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.\n\nDate: 2022-01-28\nTitle: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement\nArticle: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [investorrelations@centuryaluminum.com](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company\n\nDate: 2022-01-28\nTitle: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap\nArticle: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: 2 Stocks Under $100 Per Share I'd Buy Right Now Without Any Hesitation\nArticle: It'd be nice to have hundreds of thousands of dollars handy to start investing in stocks, but it's by no means a requirement. Investing on a budget can be highly profitable, especially if investors pick attractive stocks and regularly add to their positions.In what follows, we'll look at two stocks that are changing hands for well under $100 per share and that look attractive at current levels: **Pfizer** [(NYSE: PFE)](https://www.nasdaq.com/market-activity/stocks/pfe) and **Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc). Here's why these healthcare companies are worth more than a second look. [](https://ycharts.com/companies/PFE/chart/) Data by [YCharts](https://ycharts.com/). **1. Pfizer: $53.26 per share** Pfizer's coronavirus lineup alone will likely generate more sales than most pharmaceutical companies this year. The drugmaker projected that it would rack up about $29 billion from its COVID-19 vaccine, Comirnaty. Meanwhile, Pfizer's newly approved coronavirus medicine, Paxlovid, could generate upward of $10 billion. Here's how we know that. In November, Pfizer agreed to deliver 10 million treatment doses of Paxlovid to the U.S. government for $5.3 billion.That was before it had earned authorization from regulators. And after it got the green light, the U.S. government ordered an additional 10 million doses, and the U.K. obtained 2.5 million doses of the medicine. Based on these facts and figures, and even assuming Pfizer does not send out any additional shipments of Paxlovid, it seems reasonable to assume that the coronavirus treatment will generate something north of $10 billion this year.So, in total, Pfizer's COVID-19 lineup has the potential to rack up more than $39 billion in 2022. For context, the pharma giant generated $41.9 billion in revenue in 2020. [Patient paying for medicines at a pharmacy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-698111400.jpg&w=700) Image source: Getty Images. Pfizer has other non-coronavirus products that have sales growing at a rapid clip, too. During the third quarter, the company's revenue excluding its COVID-19 vaccine was $11.1 billion, increasing by a decent 7% compared to the year-ago period. Pfizer's anticoagulant Eliquis saw its increase soar by 21% year over year to $1.3 billion during the quarter, while cancer medicine Xtandi's revenue clocked in at $309 million, 16% higher than the prior-year quarter.Pfizer's biosimilar business racked up revenue of $576 million, 36% higher than the third quarter of 2020. The drugmaker has faced issues with its rheumatoid arthritis medicine Xeljans as regulators have updated the therapy's prescribing information to include increased risks of cancer and cardiovascular events. That probably played a role in Xeljanz's revenue decrease of 7% year over year to $610 million during the third quarter. But management thinks this medicine could return to growth this year, especially as it [keeps earning new indications](https://www.fool.com/investing/2022/01/03/pfizer-snagged-another-approval-for-this-immunolog/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4).Pfizer isn't just a coronavirus play, and the company is set to report another series of blowout financial results this year. And as Pfizer continues to [generate tons of cash](https://www.fool.com/investing/2022/01/12/3-growth-stocks-that-have-generated-179-billion-in/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4), it will help the company set itself up for the future. Pfizer ended the third quarter with $29.2 billion in free cash flow, which more than doubled compared with the year-ago period.Expect Pfizer to go shopping for exciting pipeline candidates to add to its already long list of programs. The company currently boasts several dozen ongoing clinical trials, many of which will no doubt yield new approvals. Pfizer could also decide to reward investors by way of share buybacks or growing dividends. The company currently offers a yield of 2.95% -- which compares favorably to the **S&P 500**'s 1.27%.And with a forward price-to-earnings ratio of just 9.5 -- compared with the industry's average of 13.3 -- Pfizer looks like a bargain. It is hard to find something to dislike with this [pharma stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/pharmaceutical-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4). **2. Teladoc: $68.18 per share** Teladoc's stock has lost all the outbreak-related gains it made back in 2020, and the company's shares are now trading near their pre-pandemic levels. Teladoc's trajectory resembles that of many other \"pandemic stocks\" that performed well -- perhaps too well -- in 2020 but ended up southbound for much of last year. Was the market's reaction justified?Here's a better question: Does Teladoc's investment thesis remain intact despite its recent struggles? In my view, the answer is a resounding yes. First, note that Teladoc has continued to record strong top-line increases and growing visits. In the third quarter, the company's revenue grew by 81% year over year to $522 million.That was on the back of a 37% year over year increase in total visits, which clocked in at 3.9 million for the quarter. True, Teladoc continues to bleed red. During the period, its net loss widened to $84.3 million, compared with the net loss of $35.9 million it reported during the year-ago period. [Adult and child in a virtual consultation with a doctor.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-1245148140.jpg&w=700) Image source: Getty Images. But it is worth noting that the company's worsening net loss was primarily due to an increase in expenses, such as amortization of intangible assets, related to the company's October 2020 acquisition of Livongo Health in a cash and stock transaction valued at $18.5 billion. According to management, the company is reinvesting cost synergies achieved through the acquisition to fuel long-term growth, which is bad for the bottom line in the short run but could more than pay off for itself in the long run. Companies at the forefront of relatively new industries with solid tailwinds often invest heavily to carve out a niche for themselves permanently.The telehealth industry will continue to grow rapidly in the coming years, especially since it provides benefits in terms of time (and money) savings to both patients and physicians. That's not to mention the convenience it offers consumers: Being able to consult a doctor from the comfort of one's home 24/7 is a pretty attractive selling point.And as one of the leaders in telemedicine with a vast network of some 50,000 clinicians, Teladoc is well-positioned to take at least a small slice of the $261 billion total addressable market in the U.S. alone. Though the red ink on the bottom line isn't ideal, Teladoc's long-term opportunities and leadership in its industry justify sticking with the company for now.While shares have been falling of late, it's impossible to know when they will hit rock bottom. After falling hard for the last 11 months, the company already looks more attractively valued than it has in the past year. That's why it's worth it to purchase its stock now while it still hovers around its 52-week low. **10 stocks we like better than Pfizer** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4) for investors to buy right now... and Pfizer wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) owns Teladoc Health. The Motley Fool owns and recommends Teladoc Health. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Best Income Stocks to Buy for January 28th\nArticle: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. 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[Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year\nArticle: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\\\ \\hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\\\ \\hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\\\ \\hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\\\ \\hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\\\ \\hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\\\ \\hline & & & & & & & & & \\\\ \\hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\\\ \\hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\\\ \\hline & & & & & & & & & \\\\ \\hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\\\ \\hline Less: Purchase Accounting Accretion on loans (\"PAA\") & & & 625 & & & & (2,541 & ) & & & — & \\\\ \\hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\\\ \\hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\\\ \\hline & & & & & & & & & \\\\ \\hline \\end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\\\ \\hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\\\ \\hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\\\ \\hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\\\ \\hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\\\ \\hline Non-owner-occupied commercial real estate (\"CRE\") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\\\ \\hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\\\ \\hline Acquisition, development, and construction (\"ADC\") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\\\ \\hline Commercial and industrial (\"C&I\") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\\\ \\hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\\\ \\hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\\\ \\hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered \"commercial real estate\" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|} \\hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\\\ \\hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\\\ \\hline & & & & & & & & & \\\\ \\hline \\end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). These statements may be identified by use of words such as \"anticipate,\" \"believe,\" “continue,” \"could,\" \"estimate,\" \"expect,\" \"intend,\" “likely,” \"may,\" \"outlook,\" \"plan,\" \"potential,\" \"predict,\" \"project,\" \"should,\" \"will,\" \"would\" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & December 31, & & September 30, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 \\\\ \\hline Assets: & & & & & & & & & \\\\ \\hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\\\ \\hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\\\ \\hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\\\ \\hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\\\ \\hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\\\ \\hline Loans held for investment, net: & & & & & & & & & \\\\ \\hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\\\ \\hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\\\ \\hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\\\ \\hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\\\ \\hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\\\ \\hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\\\ \\hline Small Business Administration (\"SBA\") Paycheck Protection Program (\"PPP\") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\\\ \\hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\\\ \\hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\\\ \\hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\\\ \\hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\\\ \\hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\\\ \\hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\\\ \\hline Bank Owned Life Insurance (\"BOLI\") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\\\ \\hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\\\ \\hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\\\ \\hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\\\ \\hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\\\ \\hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\\\ \\hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\\\ \\hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\\\ \\hline Liabilities: & & & & & & & & & \\\\ \\hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\\\ \\hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\\\ \\hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\\\ \\hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\\\ \\hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\\\ \\hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\\\ \\hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\\\ \\hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\\\ \\hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\\\ \\hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\\\ \\hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\\\ \\hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\\\ \\hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\\\ \\hline Stockholders' equity: & & & & & & & & & \\\\ \\hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\\\ \\hline Common stock & & & 416 & & & & 416 & & & & 348 & \\\\ \\hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\\\ \\hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\\\ \\hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\\\ \\hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\\\ \\hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\\\ \\hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\\\ \\hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\\\ \\hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\\\ \\hline & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered \"commercial real estate\" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Interest income: & & & & & & & & & & & & & & & \\\\ \\hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\\\ \\hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\\\ \\hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\\\ \\hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\\\ \\hline Interest expense: & & & & & & & & & & & & & & & \\\\ \\hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\\\ \\hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\\\ \\hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\\\ \\hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\\\ \\hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\\\ \\hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Non-interest income: & & & & & & & & & & & & & & & \\\\ \\hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\\\ \\hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\\\ \\hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\\\ \\hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\\\ \\hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\\\ \\hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\\\ \\hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\\\ \\hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\\\ \\hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\\\ \\hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\\\ \\hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\\\ \\hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\\\ \\hline Non-interest expense: & & & & & & & & & & & & & & & \\\\ \\hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\\\ \\hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\\\ \\hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\\\ \\hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\\\ \\hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\\\ \\hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\\\ \\hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\\\ \\hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\\\ \\hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\\\ \\hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\\\ \\hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\\\ \\hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\\\ \\hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\\\ \\hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\\\ \\hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\\\ \\hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\\\ \\hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\\\ \\hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Earnings per common share (\"EPS\"): & & & & & & & & & & & & & & & \\\\ \\hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\\\ \\hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\\\ \\hline & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & At or For the Three Months Ended & & At or For the Year Ended & \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\\\ \\hline Per Share Data: & & & & & & & & & & & & & & & & \\\\ \\hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\\\ \\hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\\\ \\hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\\\ \\hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\\\ \\hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\\\ \\hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\\\ \\hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\\\ \\hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\\\ \\hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\\\ \\hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\\\ \\hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\\\ \\hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\\\ \\hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\\\ \\hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\\\ \\hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\\\ \\hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\\\ \\hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\\\ \\hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\\\ \\hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\\\ \\hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\\\ \\hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\\\ \\hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\\\ \\hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\\\ \\hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\\\ \\hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\\\ \\hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\\\ \\hline & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) See \"Non-GAAP Reconciliation\" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & \\\\ \\hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\\\ \\hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\\\ \\hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\\\ \\hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\\\ \\hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\\\ \\hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\\\ \\hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\\\ \\hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\\\ \\hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\\\ \\hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\\\ \\hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\\\ \\hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\\\ \\hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\\\ \\hline & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\\\ \\hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\\\ \\hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\\\ \\hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\\\ \\hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\\\ \\hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\\\ \\hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\\\ \\hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\\\ \\hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\\\ \\hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\\\ \\hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\\\ \\hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\\\ \\hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\\\ \\hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\\\ \\hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\\\ \\hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\\\ \\hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\\\ \\hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\\\ \\hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\\\ \\hline & & & & & & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & At or For the Three Months Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, \\\\ \\hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\\\ \\hline Non-performing loans (\"NPLs\") (1) & & & & & & & & & \\\\ \\hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\\\ \\hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\\\ \\hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\\\ \\hline ADC & & & — & & & & — & & & & — & \\\\ \\hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\\\ \\hline Other & & & 365 & & & & 374 & & & & 1 & \\\\ \\hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\\\ \\hline Total Non-performing assets (\"NPAs\") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Loans 90 days delinquent and accruing (\"90+ Delinquent\") & & & & & & & & & \\\\ \\hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\\\ \\hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\\\ \\hline CRE & & & — & & & & 1,004 & & & & — & \\\\ \\hline ADC & & & — & & & & — & & & & — & \\\\ \\hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\\\ \\hline Other & & & — & & & & — & & & & — & \\\\ \\hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\\\ \\hline & & & & & & & & & \\\\ \\hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\\\ \\hline & & & & & & & & & \\\\ \\hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\\\ \\hline Net charge-offs (recoveries) (\"NCOs\") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\\\ \\hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\\\ \\hline & & & & & & & & & \\\\ \\hline \\end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles (\"GAAP\") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\\\ \\hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\\\ \\hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\\\ \\hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\\\ \\hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\\\ \\hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\\\ \\hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\\\ \\hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\\\ \\hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\\\ \\hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\\\ \\hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\\\ \\hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\\\ \\hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\\\ \\hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\\\ \\hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\\\ \\hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\\\ \\hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\\\ \\hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\\\ \\hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\\\ \\hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\\\ \\hline & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\\\ \\hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\\\ \\hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\\\ \\hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\\\ \\hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\\\ \\hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\\\ \\hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\\\ \\hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\\\ \\hline & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\\\ \\hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\\\ \\hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\\\ \\hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\\\ \\hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\\\ \\hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\\\ \\hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\\\ \\hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\\\ \\hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\\\ \\hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\\\ \\hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\\\ \\hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\\\ \\hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\\\ \\hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\\\ \\hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\\\ \\hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\\\ \\hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\\\ \\hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\\\ \\hline & & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & December 31, & & September 30, & & December 31, \\\\ \\hline & & 2021 & & 2021 & & 2020 \\\\ \\hline Reconciliation of Tangible Assets: & & & & & & & & & \\\\ \\hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\\\ \\hline Less: & & & & & & & & & \\\\ \\hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\\\ \\hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\\\ \\hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\\\ \\hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\\\ \\hline Less: & & & & & & & & & \\\\ \\hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\\\ \\hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\\\ \\hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\\\ \\hline Less: & & & & & & & & & \\\\ \\hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\\\ \\hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\\\ \\hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\\\ \\hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\\\ \\hline & & & & & & & & & & & & \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.\n\nDate: 2022-01-28\nTitle: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap\nArticle: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-28\nTitle: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC\nArticle: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: ACCO\nSecurity: ACCO Brands Corporation\nRelated Stocks/Topics: Public Companies\nTitle: There Are Reasons To Feel Uneasy About ACCO Brands' (NYSE:ACCO) Returns On Capital\nType: News\nPublication: Simply Wall St\nPublication Author: Simply Wall St\nDate: 2022-01-29\nArticle: If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at **ACCO Brands** (NYSE:ACCO) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. **Understanding Return On Capital Employed (ROCE)**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for ACCO Brands: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.065 = US$161m ÷ (US$3.1b - US$586m) (Based on the trailing twelve months to September 2021).So, **ACCO Brands has an ROCE of 6.5%.** Ultimately, that's a low return and it under-performs the Commercial Services industry average of 8.8%.[roce](https://images.simplywall.st/asset/chart/4184604-roce-1-dark/1643458613107) NYSE:ACCO Return on Capital Employed January 29th 2022In the above chart we have measured ACCO Brands' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering ACCO Brands [here ](https://simplywall.st/stocks/us/commercial-services/nyse-acco/acco-brands?blueprint=1875840&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** In terms of ACCO Brands' historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 10.0%, but since then they've fallen to 6.5%. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. If these investments prove successful, this can bode very well for long term stock performance. **The Bottom Line** In summary, despite lower returns in the short term, we're encouraged to see that ACCO Brands is reinvesting for growth and has higher sales as a result. However, despite the promising trends, the stock has fallen 30% over the last five years, so there might be an opportunity here for astute investors. As a result, we'd recommend researching this stock further to uncover what other fundamentals of the business can show us.One more thing: We've identified [3 warning signs with ACCO Brands (at least 1 which doesn't sit too well with us) ](https://simplywall.st/stocks/us/commercial-services/nyse-acco/acco-brands?blueprint=1875840&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) , and understanding these would certainly be useful. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1875840&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg0MDpjN2E1NTgzNTZlN2RhODUz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nStock Price 4 days before: 8.09838\nStock Price 2 days before: 8.23184\nStock Price 1 day before: 7.89448\nStock Price at release: 7.95\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":8.60211,"string":"8.60211"}}},{"rowIdx":295,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: AAM to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11\nArticle: DETROIT, Jan. 28, 2022 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 11, 2022. A press release announcing the results will be issued before the market opens on the same day and will be available at [www.aam.com](http://www.aam.com/). [](https://mma.prnewswire.com/media/526564/AAM_Logo.html) To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 6602864. To participate by live audio webcast or listen to the briefing following the call, visit [investor.aam.com](http://investor.aam.com/). A replay will be available one hour after the call is complete until February 18, 2022. To listen to the replay please dial: (877) 344-7529 from the United States (412) 317-0088 from outside the United States When prompted, callers should enter replay access code 7323464. The audio replay will also be archived on AAM's website for one year. **About AAM:**AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures highly advanced electric propulsion, driveline, and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 18,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit [aam.com](http://aam.com/). \\begin{table}{|c|c|} \\hline For more information: & \\\\ \\hline Investor Contact & Media Contact \\\\ \\hline David H. Lim & Christopher M. Son \\\\ \\hline Head of Investor Relations & Vice President, Marketing & Communications \\\\ \\hline (313) 758-2006 & (313) 758-4814 \\\\ \\hline david.lim@aam.com & chris.son@aam.com \\\\ \\hline \\end{table} [Cision](https://c212.net/c/img/favicon.png?sn=DE45046&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html](https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html) SOURCE American Axle & Manufacturing Holdings, Inc.\n\nDate: 2022-01-28\nTitle: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022\nArticle: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \\begin{table}{|c|c|} \\hline AMSC Contacts & \\\\ \\hline AMSC Communications Manager: & Investor Relations Contact: \\\\ \\hline Nicol Golez & LHA Investor Relations \\\\ \\hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\\\ \\hline Nicol.Golez@amsc.com & Phone: 212-838-3777 \\\\ \\hline & amscIR@lhai.com \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC\n\nDate: 2022-01-28\nTitle: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information\nArticle: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\\\ \\hline & & & & & & & & \\\\ \\hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\\\ \\hline & & & & & & & & \\\\ \\hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\\\ \\hline Percent & & & & & & & & 100% \\\\ \\hline \\end{table} Series A Preferred Stock (CUSIP # 74965L200): \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\\\ \\hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\\\ \\hline & & & & & & & & \\\\ \\hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\\\ \\hline Percent & & & & & & & & 100% \\\\ \\hline \\end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust\n\nDate: 2022-01-28\nTitle: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up\nArticle: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Why Novavax Stock Surged 14% on Friday\nArticle: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it \"will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval.\"The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than \"original\" omicron. **Now what** Novavax is certainly a scrappy competitor in the \"Global Coronavirus Vaccine Contest.\" Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX\nArticle: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.\n\nDate: 2022-01-28\nTitle: SmartFinancial Increases Quarterly Cash Dividend by 17%\nArticle: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ billy.carroll@smartbank.com](mailto:%C2%A0billy.carroll@smartbank.com) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ ron.gorczynski@smartbank.com](mailto:%C2%A0ron.gorczynski@smartbank.com) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ kelley.fowler@smartbank.com](mailto:%C2%A0kelley.fowler@smartbank.com) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.\n\nDate: 2022-01-28\nTitle: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates\nArticle: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Are Investors Undervaluing These Medical Stocks Right Now?\nArticle: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's \"Value\" category. Stocks with both \"A\" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)\n\nDate: 2022-01-28\nTitle: Avanos Medical Inc Shares Near 52-Week Low - Market Mover\nArticle: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 1.8% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 16.0% year-to-date, down 37.1% over the past 12 months, and down 23.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 6.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 4.4% lower than its 5-day moving average, 9.8% lower than its 20-day moving average, and 8.9% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 83.6% - The company's stock price performance over the past 12 months lags the peer average by 51.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Aurora Cannabis Stock in 2022: Skyrocket or Crash?\nArticle: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its \"transformation plan.\" This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: SmartFinancial Increases Quarterly Cash Dividend by 17%\nArticle: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ billy.carroll@smartbank.com](mailto:%C2%A0billy.carroll@smartbank.com) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ ron.gorczynski@smartbank.com](mailto:%C2%A0ron.gorczynski@smartbank.com) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ kelley.fowler@smartbank.com](mailto:%C2%A0kelley.fowler@smartbank.com) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.\n\nDate: 2022-01-28\nTitle: Columbia Financial, Inc Shares Approach 52-Week High - Market Mover\nArticle: Columbia Financial, Inc ([CLBK](https://kwhen.com/finance/profiles/CLBK/summary))) shares closed today at 1.9% below its 52 week high of $21.83, giving the company a market cap of $2B. The stock is currently up 2.7% year-to-date, up 37.4% over the past 12 months, and up 39.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 17.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. **Technical Indicators** [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) [How Much Do Roofing Services Cost In 2024? HomeBuddy Learn More](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) Undo - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by -311.6% - The company's stock price performance over the past 12 months beats the peer average by 372.7% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 401.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-28\nTitle: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends\nArticle: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates\nArticle: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: BMRC\nSecurity: Bank of Marin Bancorp\nRelated Stocks/Topics: Nasdaq-Listed Companies\nTitle: Bank of Marin Bancorp (NASDAQ:BMRC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon\nType: News\nPublication: Simply Wall St\nPublication Author: Simply Wall St\nDate: 2022-01-29\nArticle: Readers hoping to buy **Bank of Marin Bancorp** (NASDAQ:BMRC) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase Bank of Marin Bancorp's shares before the 3rd of February to receive the dividend, which will be paid on the 11th of February.The company's next dividend payment will be US$0.24 per share. Last year, in total, the company distributed US$0.96 to shareholders. Last year's total dividend payments show that Bank of Marin Bancorp has a trailing yield of 2.6% on the current share price of $36.95. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. That's why it's good to see Bank of Marin Bancorp paying out a modest 40% of its earnings. Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-bmrc/bank-of-marin-bancorp?blueprint=1875842&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/414400-historic-dividend-1-dark/1643457774411) NasdaqCM:BMRC Historic Dividend January 29th 2022**Have Earnings And Dividends Been Growing?**Stocks with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. If earnings fall far enough, the company could be forced to cut its dividend. That explains why we're not overly excited about Bank of Marin Bancorp's flat earnings over the past five years. Better than seeing them fall off a cliff, for sure, but the best dividend stocks grow their earnings meaningfully over the long run.Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Bank of Marin Bancorp has lifted its dividend by approximately 12% a year on average. **The Bottom Line** Should investors buy Bank of Marin Bancorp for the upcoming dividend? Bank of Marin Bancorp has seen its earnings per share stagnate in recent years, although the company reinvests more than half of its profits in the business, which could bode well for its future prospects. Overall, Bank of Marin Bancorp looks like a promising dividend stock in this analysis, and we think it would be worth investigating further.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example - Bank of Marin Bancorp has [1 warning sign](https://simplywall.st/stocks/us/banks/nasdaq-bmrc/bank-of-marin-bancorp?blueprint=1875842&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) we think you should be aware of. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1875842&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg0Mjo1M2E5ZDE5ZjdkMDYzNzRh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nStock Price 4 days before: 37.8435\nStock Price 2 days before: 38.0613\nStock Price 1 day before: 37.2347\nStock Price at release: 36.9343\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":34.8271,"string":"34.8271"}}},{"rowIdx":296,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply\nArticle: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, \"This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof.\"**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Steelcase Named \"Best Place to Work for LGBTQ Equality\"\nArticle: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \\begin{table}{|c|} \\hline Media Contact: \\\\ \\hline Katie Woodruff \\\\ \\hline Corporate Communications \\\\ \\hline (616) 915 - 8505 \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.\n\nDate: 2022-01-28\nTitle: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It\nArticle: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was \"based on unfounded claims.\"It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: \"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.\" If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: First Week of NKLA March 11th Options Trading\nArticle: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: First Week of March 18th Options Trading For First Majestic Silver (AG)\nArticle: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: iStar Announces Tax Treatment of 2021 Dividends\nArticle: NEW YORK, Jan. 28, 2022 /PRNewswire/ -- iStar (NYSE: STAR) announced the tax treatment of its 2021 common and preferred stock dividends. iStar Common Stock NYSE: STARCUSIP: 45031U-101 \\begin{table}{|c|c|c|c|c|c|c|c|c|} \\hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\\\ \\hline 03/01/21 & 03/15/21 & $0.1100 & $0.0000 & $0.1100 & $0.0201322 & $0.0000 \\\\ \\hline 06/01/21 & 06/15/21 & 0.1250 & 0.0000 & 0.1250 & 0.0228775 & 0.0000 \\\\ \\hline 09/01/21 & 09/15/21 & 0.1250 & 0.0000 & 0.1250 & 0.0228775 & 0.0000 \\\\ \\hline 12/01/21 & 12/15/21 & 0.1250 & 0.0000 & 0.1250 & 0.0228775 & 0.0000 \\\\ \\hline & & $0.4850 & $0.0000 & $0.4850 & $0.0887647 & $0.0000 \\\\ \\hline & & & & & & & & \\\\ \\hline \\end{table} 8.00% Series D Preferred Stock | Liquidation Preference: $25.00 NYSE: STAR prDCUSIP: 45031U-408 \\begin{table}{|c|c|c|c|c|c|c|c|} \\hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\\\ \\hline 03/01/21 & 03/15/21 & $0.5000 & $0.0000 & $0.5000 & $0.0915102 & $0.0000 \\\\ \\hline 06/01/21 & 06/15/21 & 0.5000 & 0.0000 & 0.5000 & 0.0915102 & 0.0000 \\\\ \\hline 09/01/21 & 09/15/21 & 0.5000 & 0.0000 & 0.5000 & 0.0915102 & 0.0000 \\\\ \\hline 12/01/21 & 12/15/21 & 0.5000 & 0.0000 & 0.5000 & 0.0915102 & 0.0000 \\\\ \\hline & & $2.0000 & $0.0000 & $2.0000 & $0.3660408 & $0.0000 \\\\ \\hline & & & & & & & \\\\ \\hline \\end{table} 7.65% Series G Preferred Stock | Liquidation Preference: $25.00 NYSE: STAR prGCUSIP: 45031U-705 \\begin{table}{|c|c|c|c|c|c|c|c|} \\hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\\\ \\hline 03/01/21 & 03/15/21 & $0.478125 & $0.0000 & $0.478125 & $0.0875066 & $0.0000 \\\\ \\hline 06/01/21 & 06/15/21 & 0.478125 & 0.0000 & 0.478125 & 0.0875066 & 0.0000 \\\\ \\hline 09/01/21 & 09/15/21 & 0.478125 & 0.0000 & 0.478125 & 0.0875066 & 0.0000 \\\\ \\hline 12/01/21 & 12/15/21 & 0.478125 & 0.0000 & 0.478125 & 0.0875066 & 0.0000 \\\\ \\hline & & $1.912500 & $0.0000 & $1.912500 & $0.3500264 & $0.0000 \\\\ \\hline & & & & & & & \\\\ \\hline \\end{table} 7.50% Series I Preferred Stock | Liquidation Preference: $25.00 NYSE: STAR prICUSIP: 45031U-804 \\begin{table}{|c|c|c|c|c|c|c|c|} \\hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\\\ \\hline 03/01/21 & 03/15/21 & $0.46875 & $0.0000 & $0.46875 & $0.0857908 & $0.0000 \\\\ \\hline 06/01/21 & 06/15/21 & 0.46875 & 0.0000 & 0.46875 & 0.0857908 & 0.0000 \\\\ \\hline 09/01/21 & 09/15/21 & 0.46875 & 0.0000 & 0.46875 & 0.0857908 & 0.0000 \\\\ \\hline 12/01/21 & 12/15/21 & 0.46875 & 0.0000 & 0.46875 & 0.0857908 & 0.0000 \\\\ \\hline & & $1.87500 & $0.0000 & $1.87500 & $0.3431632 & $0.0000 \\\\ \\hline & & & & & & & \\\\ \\hline \\end{table} Form 1099-DIV box 2a: Pursuant to Treas. Reg. § 1.1061-6(c), the Company is reporting that for purposes of section 1061 of the Internal Revenue Code the One Year Amounts Disclosure and the Three-Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of \"applicable partnership interests.\" • • • iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at [www.istar.com](https://c212.net/c/link/?t=0&l=en&o=3427606-1&h=2292607106&u=http%3A%2F%2Fwww.istar.com%2F&a=www.istar.com). [](https://mma.prnewswire.com/media/515009/iStar_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45884&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/istar-announces-tax-treatment-of-2021-dividends-301470865.html](https://www.prnewswire.com/news-releases/istar-announces-tax-treatment-of-2021-dividends-301470865.html) SOURCE iStar Inc.\n\nDate: 2022-01-28\nTitle: Kronos Worldwide (KRO) Gains As Market Dips: What You Should Know\nArticle: Kronos Worldwide (KRO) closed at $14.44 in the latest trading session, marking a +0.07% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq lost 0.12%.Coming into today, shares of the maker of titanium dioxide pigments had lost 3.86% in the past month. In that same time, the Basic Materials sector lost 2.26%, while the S&P 500 lost 7.87%. Wall Street will be looking for positivity from Kronos Worldwide as it approaches its next earnings report date. The company is expected to report EPS of $0.27, up 200% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $489.69 million, up 18.03% from the year-ago period.Investors should also note any recent changes to analyst estimates for Kronos Worldwide. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kronos Worldwide is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, Kronos Worldwide currently has a Forward P/E ratio of 11.54. This represents a discount compared to its industry's average Forward P/E of 12.41. The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [Kronos Worldwide Inc (KRO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KRO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858736/kronos-worldwide-kro-gains-as-market-dips-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Aurora Cannabis Stock in 2022: Skyrocket or Crash?\nArticle: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its \"transformation plan.\" This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: After Hours Most Active for Jan 28, 2022 : QQQ, AAPL, FIXX, PACB, EDAP, MSFT, T, BAC, XOM, BHP, HAL, BTU\nArticle: The [NASDAQ 100 After Hours Indicator](https://www.nasdaq.com/market-activity/after-hours) is down -13.84 to 14,440.77. The total After hours volume is currently 75,009,434 shares traded.The following are the [most active stocks for the after hours session](https://www.nasdaq.com/market-activity/after-hours): Invesco QQQ Trust, Series 1 ([QQQ](http://www.nasdaq.com/market-activity/funds-and-etfs/QQQ))) is -0.23 at $351.57, with 3,265,435 shares traded. This represents a 18.19% increase from its 52 Week Low. Apple Inc. ([AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL))) is -0.32 at $170.01, with 3,106,348 shares traded. As reported by Zacks, the current mean recommendation for [AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL) is in the \"buy range\".Homology Medicines, Inc. ([FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX))) is +0.01 at $3.15, with 2,369,193 shares traded. As reported in the last short interest update the days to cover for [FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX) is 11.690169; this calculation is based on the average trading volume of the stock.Pacific Biosciences of California, Inc. ([PACB](http://www.nasdaq.com/market-activity/stocks/PACB))) is -0.07 at $9.99, with 2,039,518 shares traded. [PACB's](http://www.nasdaq.com/market-activity/stocks/PACB) current last sale is 29.38% of the target price of $34.EDAP TMS S.A. ([EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP))) is unchanged at $6.84, with 1,831,848 shares traded. As reported by Zacks, the current mean recommendation for [EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP) is in the \"strong buy range\".Microsoft Corporation ([MSFT](http://www.nasdaq.com/market-activity/stocks/MSFT))) is -0.26 at $308.00, with 1,417,846 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $2.18. [MSFT's](http://www.nasdaq.com/market-activity/stocks/MSFT) current last sale is 84.85% of the target price of $363.AT&T Inc. ([T](http://www.nasdaq.com/market-activity/stocks/T))) is -0.01 at $25.20, with 1,331,267 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.8. [T's](http://www.nasdaq.com/market-activity/stocks/T) current last sale is 84% of the target price of $30.Bank of America Corporation ([BAC](http://www.nasdaq.com/market-activity/stocks/BAC))) is -0.08 at $45.79, with 1,089,959 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for [BAC](http://www.nasdaq.com/market-activity/stocks/BAC) is in the \"buy range\".Exxon Mobil Corporation ([XOM](http://www.nasdaq.com/market-activity/stocks/XOM))) is -0.01 at $75.27, with 953,036 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2021. The consensus EPS forecast is $1.96. [XOM](http://www.nasdaq.com/market-activity/stocks/XOM) is scheduled to provide an earnings report on 2/1/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is 1.96 per share, which represents a 3 percent increase over the EPS one Year Ago BHP Group Limited ([BHP](http://www.nasdaq.com/market-activity/stocks/BHP))) is unchanged at $64.17, with 952,320 shares traded. [BHP's](http://www.nasdaq.com/market-activity/stocks/BHP) current last sale is 87.9% of the target price of $73.Halliburton Company ([HAL](http://www.nasdaq.com/market-activity/stocks/HAL))) is -0.16 at $31.20, with 931,947 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.34. As reported by Zacks, the current mean recommendation for [HAL](http://www.nasdaq.com/market-activity/stocks/HAL) is in the \"buy range\".Peabody Energy Corporation ([BTU](http://www.nasdaq.com/market-activity/stocks/BTU))) is -0.08 at $11.15, with 926,925 shares traded. As reported by Zacks, the current mean recommendation for [BTU](http://www.nasdaq.com/market-activity/stocks/BTU) is in the \"buy range\".\n\nDate: 2022-01-28\nTitle: Stepan Co. Shares Close in on 52-Week Low - Market Mover\nArticle: Stepan Co. ([SCL](https://kwhen.com/finance/profiles/SCL/summary))) shares closed today at 0.2% above its 52 week low of $108.77, giving the company a market cap of $2B. The stock is currently down 11.4% year-to-date, down 6.1% over the past 12 months, and up 47.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 10.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 61.5% - The company's stock price performance over the past 12 months lags the peer average by -121.1% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -53.9% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Relay Therapeutics Inc Shares Near 52-Week Low - Market Mover\nArticle: Relay Therapeutics Inc ([RLAY](https://kwhen.com/finance/profiles/RLAY/summary))) shares closed today at 1.1% above its 52 week low of $20.16, giving the company a market cap of $2B. The stock is currently down 33.6% year-to-date, down 63.3% over the past 12 months, and down 41.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 51.6% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 677.4% - The company's stock price performance over the past 12 months lags the peer average by 343.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-28\nTitle: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates\nArticle: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Stock Market Correction: Buying These 4 Stocks Right Now Would Be a Genius Move\nArticle: It's not something investors like to think about, but stock market crashes and corrections [are a normal part of the investing cycle](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) and the price long-term investors pay for admission to one of the world's greatest wealth creators.Over the past couple of weeks, the investment community has been given a stern reminder that stocks can go down just as easily and they move higher. The tech-heavy **Nasdaq Composite** has entered correction territory, while the benchmark **S&P 500** is contending with its worst slide in more than a year. While stock market corrections can be unnerving, they're also, historically, the perfect time to put money to work in the market -- especially if your average holding period is measured in years. Considering the broader market's propensity to head higher over the long run, buying the following four stocks during the current correction would be a genius move. [A financial planner pointing to a bottom in a stock chart displayed on a laptop. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fstock-market-chart-crash-correction-buy-investment-planning-laptop-getty.jpg&w=700) Image source: Getty Images. **Nio** Even though it's impossible for investors to predict when a stock will bottom with any accuracy, it's not nearly as difficult to identify companies with competitive advantages. [Electric vehicle](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (EV) manufacturer **Nio** [(NYSE: NIO)](https://www.nasdaq.com/market-activity/stocks/nio) is one such company that's dazzled Wall Street with its execution and innovation.Like most auto stocks, Nio was held back in the second and third quarters by semiconductor chip shortages. Thankfully, these supply issues have mostly cleared, which paved the way for the company to deliver more than 10,000 EVs in November and December. Nio is currently pacing an annual run rate of 130,000 EVs, but is expected to [reach a run rate of 600,000 EVs by the end of 2022](https://www.fool.com/investing/2022/01/21/5-growth-stocks-with-119-to-409-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), according to management. The introduction of three new EVs, along with sales growth from its existing trio of vehicles, should propel sales significantly higher this year.The company's management team also deserves credit for the introduction of the battery-as-a-service (BaaS) program in August 2020. The BaaS program allows buyers to charge, swap, and upgrade the batteries in their EVs. Additionally, enrollment in BaaS lowers the initial purchase price of Nio's EVs. In return, customers are paying a recurring monthly fee to Nio for the BaaS program. The company is effectively forgoing a small percentage of lower-margin near-term sales to generate predictable higher-margin long-term cash flow. Despite Nio losing money as it ramps up production, the recent sell-off in shares represents the [perfect buying opportunity for patient investors](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). [An up-close view of a flowering cannabis plant in an indoor commercial cultivation farm.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcannabis-flower-bud-weed-pot-marijuana-grow-facility-greenhouse-legal-canada-getty.jpg&w=700) Image source: Getty Images. **Trulieve Cannabis** Among [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), cannabis companies arguably offer the best value right now. Marijuana stocks have been pummeled for nearly a year, with President Joe Biden and the Democrat-led Congress failing to push any cannabis reform measures into law. But this correction marks an opportune time for investors to buy into a high-quality pot stock like **Trulieve Cannabis** [(OTC: TCNNF)](https://www.nasdaq.com/market-activity/stocks/tcnnf).Trulieve is a multi-state operator (MSO) that's done things a bit different than most seed-to-sale operators. Instead of planting its proverbial flag in as many markets as possible, Trulieve has maintained a core focus on Florida's medical marijuana legal market. Despite operating 160 dispensaries in 11 states, 112 of these stores are located in the Sunshine State. Saturating the Florida market allowed Trulieve to gobble up half of the state's dried flower and oils market share, all while keeping its marketing costs down. The end result is [more than three years of recurring profits](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (and counting).The next step in Trulieve's rapid growth was taken on Oct. 1, 2021, when it closed the largest U.S. pot acquisition in history. The [purchase of MSO Harvest Health and Recreation](https://www.fool.com/investing/2021/08/02/3-top-stocks-thatll-make-you-richer-in-august/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) introduced Trulieve to new markets, as well as gave it the leading position in Harvest Health's home market, Arizona. The Grand Canyon State voted to legalize recreational weed in November 2020 and looks to be on track to eventually reach $1 billion (or more) in annual pot sales. At close to 20 times Wall Street's consensus earnings for 2022, Trulieve is a budding bargain. [A bank employee shaking hands with prospective clients.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fbank-manager-clients-deal-investment-management-branch-getty.jpg&w=700) Image source: Getty Images. **Upstart** Another genius move for long-term investors would be to buy shares of cloud-based lending platform **Upstart** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst), which have been taken for a wild ride over the trailing six months. After quadrupling in value in three months, shares are now down nearly 80% from their peak.The big concern for Upstart is that higher lending rates will reduce demand for everything from personal loans to mortgages at the bank level. Since more than 90% of the revenue Upstart brings in comes from banks or servicing fees, there's obvious concern of a lending slowdown.Yet even with this concern on the table, Upstart's [artificial intelligence](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (AI)-driven lending platform [has all the tools needed](https://www.fool.com/investing/2021/12/22/3-high-growth-stocks-that-crushed-bitcoin-in-2021/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) to continue growing at a double-digit, industry-topping rate. Relying on AI and machine learning to help determine the creditworthiness of loan candidates is resulting in faster approvals and lower costs for lenders. In other words, it's going make Upstart's solutions even more popular among financial institutions. Something else to consider is that Upstart has just begun scratching the surface with the potential for its AI-powered lending platform. Most of its services have historically been focused on personal loans, which is an $81 billion market, according to **TransUnion**. But following the acquisition of Prodigy Software, Upstart [has pushed into auto lending](https://www.fool.com/investing/2021/12/07/pounding-the-table-on-upstart/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). The total addressable market for auto loans is about eight times the size of personal loans.With Upstart profitable and blowing away Wall Street's profit expectations, it has the look of a no-brainer buy. [A couple meeting with a real estate agent in front of a two-story home. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcouple-meeting-with-real-estate-agent-buy-house-listing-fee-mortgage-getty.jpg&w=700) Image source: Getty Images. **Redfin** A final genius move investors can make during this stock market correction is to buy shares of tech-driven real estate company **Redfin** [(NASDAQ: RDFN)](https://www.nasdaq.com/market-activity/stocks/rdfn).Similar to Upstart, shares of Redfin have been battered on worries of higher interest rates. Since mortgage rates tend to closely mirror the movement of the 10-year Treasury bond, higher rates are likely to quell some homebuying and selling activity. In spite of these concerns, mortgage rates are expected to remain well below their historic average for years to come. While there could be an initial knee-jerk reaction to higher mortgage rates, there will still be plenty of incentive for homebuyers to take the plunge.[What makes Redfin so attractive](https://www.fool.com/investing/2021/08/01/5-stocks-can-turn-50000-into-1-million-by-2040/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) is the cost savings and personalization it can provide, relative to traditional real estate companies. For instance, whereas most realty companies charge a commission/listing fee ranging from 2.5% to 3%, Redfin charges 1% or 1.5%, depending on how much previous business has been done with the company. Based on a median existing home sales price of $358,000 in December 2021, according to the National Association of Realtors, a Redfin seller could be banking more than $7,100 in savings versus a traditional realtor.Aside from cost savings, [Redfin's personalized services](https://www.fool.com/investing/2021/10/08/the-smartest-stocks-to-buy-with-100-right-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) are also driving users to the platform. The company's Concierge service helps with staging and projects to maximize the selling value of a home. Meanwhile, its RedfinNow program, which operates in select cities, purchases homes in cash and removes the hassles of selling a property.Expect Redfin to continue gobbling up U.S. existing home sales market share for the foreseeable future. **10 stocks we like better than NIO Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) for investors to buy right now... and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends NIO Inc., Redfin, Trulieve Cannabis Corp., and Upstart Holdings, Inc. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Euronet Worldwide (EEFT) Moves 10.1% Higher: Will This Strength Last?\nArticle: **Euronet Worldwide** (EEFT) shares rallied 10.1% in the last trading session to close at $133.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% gain over the past four weeks.The fundamental driving factor can be attributed to the fact that Euronet joined the S&P MidCap 400, which will be effective before trading opens on Feb 1. **Compass Minerals International, Inc.** [CMP](https://www.nasdaq.com/market-activity/stocks/cmp) got replaced as a result of Euronet’s inclusion in the S&P MidCap 400. Reasons such as solid performances exhibited by Euronet’s Electronic Funds Transfer, epay and Money Transfer businesses might have acted as tailwinds for the company.This electronic payments and transactions processor is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +19.8%. Revenues are expected to be $807.42 million, up 14.3% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Euronet Worldwide, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EEFT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_535_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3-1858827) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Euronet Worldwide, Inc. (EEFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EEFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858827/euronet-worldwide-eeft-moves-10-1-higher-will-this-strength-last?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: San Francisco 49ers Expand Vivid Seats Partnership\nArticle: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [Roger.Hacker@49ers.com](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [Julia.Young@vividseats.com](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: BWB\nSecurity: Bridgewater Bancshares, Inc.\nRelated Stocks/Topics: Nasdaq-Listed Companies\nTitle: Analysts Have Made A Financial Statement On Bridgewater Bancshares, Inc.'s (NASDAQ:BWB) Annual Report\nType: News\nPublication: Simply Wall St\nPublication Author: Simply Wall St\nDate: 2022-01-29\nArticle: It's been a good week for **Bridgewater Bancshares, Inc.** (NASDAQ:BWB) shareholders, because the company has just released its latest annual results, and the shares gained 4.3% to US$17.99. It was a credible result overall, with revenues of US$110m and statutory earnings per share of US$1.54 both in line with analyst estimates, showing that Bridgewater Bancshares is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/24588031-earnings-and-revenue-growth-1-dark/1643458966018) NasdaqCM:BWB Earnings and Revenue Growth January 29th 2022Taking into account the latest results, the current consensus from Bridgewater Bancshares' three analysts is for revenues of US$123.3m in 2022, which would reflect a decent 12% increase on its sales over the past 12 months. Per-share earnings are expected to rise 3.3% to US$1.63. In the lead-up to this report, the analysts had been modelling revenues of US$123.9m and earnings per share (EPS) of US$1.58 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$21.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Bridgewater Bancshares analyst has a price target of US$22.00 per share, while the most pessimistic values it at US$20.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Bridgewater Bancshares' revenue growth is expected to slow, with the forecast 12% annualised growth rate until the end of 2022 being well below the historical 17% p.a. growth over the last five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.5% annually. So it's clear that despite the slowdown in growth, Bridgewater Bancshares is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Bridgewater Bancshares' earnings potential next year. Fortunately, they also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations. Their estimates also suggest that Bridgewater Bancshares' revenues are expected to perform better than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.With that in mind, we wouldn't be too quick to come to a conclusion on Bridgewater Bancshares. Long-term earnings power is much more important than next year's profits. We have forecasts for Bridgewater Bancshares going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-bwb/bridgewater-bancshares?blueprint=1875861&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) You can also see our [analysis of Bridgewater Bancshares' Board and CEO remuneration and experience, and whether company insiders have been buying stock.](https://simplywall.st/stocks/us/banks/nasdaq-bwb/bridgewater-bancshares?blueprint=1875861&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg2MTpmZjUxMWIxOTNiMmE5OGNm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nStock Price 4 days before: 17.6787\nStock Price 2 days before: 17.6234\nStock Price 1 day before: 17.8067\nStock Price at release: 17.9632\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":17.1549,"string":"17.1549"}}},{"rowIdx":297,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Wall Street Analysts Think PureTech Health PLC Sponsored ADR (PRTC) Could Surge 92%: Read This Before Placing a Bet\nArticle: **PureTech Health PLC Sponsored ADR** (PRTC) closed the last trading session at $37.85, gaining 2.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $72.67 indicates a 92% upside potential.The average comprises three short-term price targets ranging from a low of $70 to a high of $76, with a standard deviation of $3.06. While the lowest estimate indicates an increase of 84.9% from the current price level, the most optimistic estimate points to a 100.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.However, an impressive consensus price target is not the only factor that indicates a potential upside in PRTC. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. **Here's What You Should Know About Analysts' Price Targets** According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism. **Here's Why There Could be Plenty of Upside Left in PRTC** There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.8%. Moreover, PRTC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive [externally-audited track record](https://www.zacks.com/performance_disclosure/), this is a more conclusive indication of the stock's potential upside in the near term. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_551_012822&icid=blog-tale_of_the_tape|consensus_price_target-ARTCAT|012822-ZP-commentary_blog-text-eoac) Therefore, while the consensus price target may not be a reliable indicator of how much PRTC could gain, the direction of price movement it implies does appear to be a good guide. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_551_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [PureTech Health PLC Sponsored ADR (PRTC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PRTC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859061/wall-street-analysts-think-puretech-health-plc-sponsored-adr-prtc-could-surge-92-read-this-before-placing-a-bet?cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y\nArticle: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast\nArticle: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \\begin{table}{|c|c|c|c|} \\hline Webcast & & & www.LTCReit.com \\\\ \\hline USA Toll-Free Number & & & 1-844-200-6205 \\\\ \\hline Canada Toll-Free Number & & & 1-833-950-0062 \\\\ \\hline Conference Access Code & & & 441550 \\\\ \\hline \\end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \\begin{table}{|c|c|c|c|} \\hline USA Toll-Free Number & & & 1-866-813-9403 \\\\ \\hline Canada Local Number & & & 1-226-828-7578 \\\\ \\hline Conference Access Code & & & 188544 \\\\ \\hline \\end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.\n\nDate: 2022-01-28\nTitle: Boyd Gaming (BYD) Launches Sports Betting in Louisiana\nArticle: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)\n\nDate: 2022-01-28\nTitle: First Week of April 14th Options Trading For Vir Biotechnology\nArticle: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)\nArticle: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Best Value Stocks to Buy for January 28th\nArticle: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY\nArticle: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. \"Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world,\" said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), \"The World's Most Famous Building,\" owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared \"America's Favorite Building\" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.\n\nDate: 2022-01-28\nTitle: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?\nArticle: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend\nArticle: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-29\nTitle: Danaos Corporation Shares Climb 3.0% Past Previous 52-Week High - Market Mover\nArticle: Danaos Corporation ([DAC](https://kwhen.com/finance/profiles/DAC/summary))) shares closed 3.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 15.1% year-to-date, up 251.6% over the past 12 months, and up 136.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 74.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 10.2% higher than its 5-day moving average, 19.5% higher than its 20-day moving average, and 24.0% higher than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by 1433.3% - The company's stock price performance over the past 12 months beats the peer average by 142.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: MCS\nSecurity: The Marcus Corporation\nRelated Stocks/Topics: CNK|Markets|AMC|DIS|NFLX|AMZN\nTitle: Why Movie Theaters Could Be the Next Big Acquisition Target\nType: News\nPublication: The Motley Fool\nPublication Author: Collin Brantmeyer\nDate: 2022-01-29\nArticle: After a [flurry of acquisitions in the gaming industry](https://www.fool.com/investing/2022/01/18/why-activision-blizzard-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), investors looking to get ahead of future deals may be wondering which industry faces consolidation next. The answer could lie in movie theaters. ****Decree decreased****In 1948, the Supreme Court ruled in United States v. Paramount Pictures, Inc. that studios cannot own theaters due to antitrust laws. However, a federal judge granted The Department of Justice's motion to lift the \"Paramount Decree\" on August 7, 2020, starting a two-year sunset termination period. After the decree ends in August 2022, movie studios like **Disney** [(NYSE: DIS)](https://www.nasdaq.com/market-activity/stocks/dis) may look to enter the theatrical distribution business the quickest way possible: acquiring movie theater operators. [Smiling people watch a movie in a theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663617%2Fpeople-watching-movie-theater.jpeg&w=700) Image source: Getty Images. But why would studios acquire cineplexes when streaming is on the rise and brick-and-mortar movie exhibitors are struggling? For starters, blockbusters likeSpider-Man: No Way Home are still making money at the box office -- raking in $1.69 billion worldwide to date. And instead of making 55% to 60% of the gross ticket sales, a studio could take the full 100%. Just 1% extra on a billion-dollar blockbuster would earn a studio an extra $10 million.Alternatively, streaming services could get creative with their subscriptions by releasing blockbusters early or including tickets as part of its value proposition. Notably, **Amazon.com** and **Netflix** [(NASDAQ: NFLX)](https://www.nasdaq.com/market-activity/stocks/nflx) don't have to comply with the \"Paramount Decree\" because \"they didn't exist when the decrees were signed.\" In fact, Netflix already purchased Grauman's Egyptian Theatre in 2020. Disney purchased the El Capitan Theatre in the 1980s, but that required court proceedings at the time of purchase -- which will no longer be the case come August. ****Potential targets******AMC Entertainment** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) is the world's largest cinema chain, owning roughly 950 theatres, and its enterprise value -- deserved or not -- reflects that at roughly $16.7 billion. AMC gains some competitive advantage from its broader reach in international markets compared to its competitors, with approximately a third of its theatres in Europe and the Middle East. Since most blockbusters gross more money internationally -- Spider Man: No Way Homehas made roughly 57% of its box office returns outside of the U.S. -- AMC may be a more attractive target than its domestically concentrated competitors. Outside of AMC, publicly traded movie theater companies like **Cinemark** [(NYSE: CNK)](https://www.nasdaq.com/market-activity/stocks/cnk) and **The Marcus Corporation** [(NYSE: MCS)](https://www.nasdaq.com/market-activity/stocks/mcs) have been struggling over the past couple of years -- largely because of the pandemic.Cinemark, at a $5.1 billion enterprise value, is a pure movie theater play, owning 524 theatres in the U.S. and Latin America. The Marcus Corporation, at a $1 billion enterprise value, owns or operates 85 theatres primarily in the Midwestern United States, but also owns or manages 19 hotels. Unlike [AMC's \"meme stock\" rise](https://www.fool.com/investing/2021/12/22/why-meme-stock-amc-entertainment-may-have-an-ongoi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), both Cinemark and The Marcus Corporation have seen their stocks cut in nearly half since the beginning of the pandemic, making both attractive to potential acquirers. ****Why it might not happen****The movie theater business is in decline, and the top chains carry massive debt. Cinemark's total debt has ballooned from $2 billion to $3.9 billion over the past three years. And while AMC has been able to pay down some of its nearly $11 billion total debt by issuing more than 400 million new shares over the last two fiscal years, it still might be a tough pill for an acquirer to swallow.Even before the pandemic, the theater industry sold 200 million fewer domestic tickets in 2019 compared to its highs in the early oughts. While movie theaters have been raising prices for years to compensate for the drop in ticket sales, there are no guarantees that moviegoers will return, especially as the pandemic seemingly continues into its third year. In fact, when CivicScience recently polled 60,000 Americans, 71% responded that they preferred watching something at home over going out to a movie.Still, as streaming grows in popularity, studios covet box office sales. This year, HBO Max ended same-day releases for its Warner Bros. theatrical releases, creating a 45-day window of theatrical exclusivity. No example may be more telling than Paramount delaying the release of Top Gun: Maverickfive times -- while reportedly refusing to sell the film to AppleTV+ and Netflix -- to see that its tentpole franchise has the opportunity to have a proper box office run. ****What's next****If movie theaters are able to replicate the success of Spider Man: No Way Homein the first half of 2022 with slated blockbuster releases like The Batmanand Top Gun: Maverick, don't be surprised if studios like Disney or the [soon-to-be Warner Bros. Discovery](https://www.fool.com/investing/2021/07/29/2-big-changes-happening-at-hbo-max/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) can't resist a larger piece of their billion-dollar franchises' pie. Watch their actions closely after the \"Paramount Decree\" sunsets in August -- or even sooner, if Amazon and Netflix want to take advantage of a loophole.As far as the most likely target, Cinemark appears to be the most attractive. While Cinemark doesn't offer the market penetration of AMC, its presence in Latin America could be attractive as Latin influences on Hollywood grow. And each Cinemark theatre works out to $9.7 million of the company's enterprise value -- the best and lowest per-theater value among its competitors. **10 stocks we like better than Cinemark Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) for investors to buy right now... and Cinemark Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Collin Brantmeyer](https://boards.fool.com/profile/CMFMoneyBall/info.aspx) owns Amazon, Netflix, and Walt Disney. The Motley Fool owns and recommends Amazon, Netflix, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 16.4471\nStock Price 2 days before: 16.6519\nStock Price 1 day before: 16.1104\nStock Price at release: 16.2354\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":17.7137,"string":"17.7137"}}},{"rowIdx":298,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-29\nTitle: Got $3,000? 5 Unstoppable Stocks to Buy as the Market Corrects Lower\nArticle: In case you've forgotten, stocks [can go down just as easily as they can rise](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). Since the year began, Wall Street and investors have contended with the steepest corrections in both the tech-heavy **Nasdaq Composite** and broad-based **S&P 500** since 2020.Although the heightened volatility associated with crashes and corrections can be unnerving at times, every notable move lower in the stock market throughout history has represented a buying opportunity for patient investors. Best of all, you don't need a mountain of cash to take advantage of these opportunities as the market corrects lower. If you have $3,000 ready to invest, which won't be needed to pay bills or cover emergencies, this is more than enough to buy into the following five unstoppable stocks. [Stack of hundred dollar bills set atop a declining stock market chart. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fstock-market-chart-correction-crash-pullback-cash-money-invest-getty.jpg&w=700) Image source: Getty Images. **Alphabet** The first unstoppable stock investors can confidently buy as the market heads lower is **Alphabet** [(NASDAQ: GOOG)](https://www.nasdaq.com/market-activity/stocks/goog)[(NASDAQ: GOOGL)](https://www.nasdaq.com/market-activity/stocks/googl), the parent company of internet search engine Google and streaming platform YouTube.Alphabet is arguably [best known for its internet search dominance](https://www.fool.com/investing/2021/07/17/whos-ready-for-stock-market-crash-3-stocks-to-buy/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). In December, it controlled nearly 92% of global search engine market share, and has consistently held between 91% and 93% share of internet search going back two years, according to data from GlobalStats. This complete dominance makes it the go-to for advertisers looking to get their message in front of targeted users. In turn, it gives Google (and therefore, Alphabet) exceptional ad pricing power.But Alphabet's future [relies on more than just being the internet search kingpin](https://www.fool.com/investing/2021/10/16/safest-stocks-to-buy-if-theres-stock-market-crash/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). The company's ancillary segments, like YouTube and cloud infrastructure service division Google Cloud, provide faster growth than internet search advertising, as well as juicier margin potential. YouTube and Cloud grew year-over-year sales by 43% and 45%, respectively, in the September-ended quarter, and they've consistently generated revenue growth of between 40% and 50% over the past two years. Cloud is expected to play a particularly important role in beefing up Alphabet's operating cash flow by mid-decade. Even though Alphabet hasn't retraced as much as other growth stocks, it's already inexpensive at 23 times Wall Street's consensus earnings for 2022. [A gloved processor using scissors to trim a cannabis bud. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fcannabis-bud-trim-cut-process-weed-pot-marijuana-medical-recreational-getty.jpg&w=700) Image source: Getty Images. **Planet 13 Holdings** Another unstoppable stock with the ability to show investors the green is weed company **Planet 13 Holdings** (OTC: PLNH.F).I know what you're probably thinking, and it's true: [Marijuana stocks](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) have been a buzzkill over the past year. The expectation was for the Democrat-led Congress to reform cannabis laws at the federal level, which hasn't happened. Thankfully, multi-state operators like Planet 13 don't require federal legalization to thrive.What makes this company so unique is [its focus on the customer experience](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It only has two operating dispensaries, but both are hard to miss. There's the 112,000-square-foot flagship SuperStore just west of the Las Vegas Strip in Nevada, and the more recently opened Orange County SuperStore in Santa Ana, California, which spans 55,000 square feet. These stores provide unparalleled selection and plenty of cannabis-related nostalgia. Planet 13 is also having success promoting its proprietary brands. For example, sales of Trendi Vapes more than doubled from the prior-year period in the third quarter, with Trendi accounting for 5% of Nevada's total vape sales.With Planet 13 [set to expand to new touristy markets](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e), and the company making a push toward recurring profitability, it's a logical buy in a swooning market. [A person talking to someone on their smartphone while walking on a city street.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fwoman-talk-smartphone-city-wireless-5g-4g-data-voicemail-getty.jpg&w=700) Image source: Getty Images. **Broadcom** Despite tech stocks taking it on the chin during this stock market correction, [semiconductor solutions](https://www.fool.com/investing/stock-market/market-sectors/information-technology/semiconductor-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) provider **Broadcom** [(NASDAQ: AVGO)](https://www.nasdaq.com/market-activity/stocks/avgo) stands out as an unstoppable stock worth buying.Although investors' emotions can whipsaw equity valuations in the short term, it's a company's operating performance that dictates how its shares perform over longer stretches. In this respect, Broadcom has been firing on all cylinders, with a majority of the company's production booked well in advance. One of the biggest growth drivers for Broadcom is the [ongoing rollout of 5G wireless infrastructure](https://www.fool.com/investing/2021/09/23/5-brand-name-stocks-to-buy-if-market-is-tumbling/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It's been a decade since wireless download speeds were significantly improved. This is expected to result in a multiyear upgrade cycle for wireless devices. Most of Broadcom's revenue is derived from next-generation wireless chips and accessories found in smartphones.But like Alphabet, Broadcom is counting on ancillary industries to grow even faster than its core segment. As an example, Broadcom should benefit throughout the decade as demand for access and connectivity chips grows in data centers. We were already seeing businesses steadily shift their data into the cloud prior to the emergence of the coronavirus. What the pandemic has done is kick this trend into high gear, which is good news for Broadcom.Sporting a forward-year price-to-earnings ratio below 15, and having [grown its quarterly dividend by more than 5,700%](https://www.fool.com/investing/2022/01/20/4-perfect-dividend-stock-buy-if-stock-market-crash/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) in 11 years, Broadcom is a no-brainer buy. [A gold bar set atop silver and palladium ingots.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fgold-silver-precious-metals-bars-getty.jpg&w=700) Image source: Getty Images. **Wheaton Precious Metals** Going on defense during a correction can sometimes be the smartest move. That's why [precious metals](https://www.fool.com/investing/stock-market/market-sectors/materials/metal-stocks/precious-metal-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) royalty company **Wheaton Precious Metals** [(NYSE: WPM)](https://www.nasdaq.com/market-activity/stocks/wpm) is an unstoppable stock to buy. It's no secret that when investors are more fearful, they often turn to precious metals like gold as a safe haven to park their money. It just so happens that we're also dealing with a historically low interest rate environment and rapidly rising inflation at the same time. That's a solid recipe for physical gold to outperform, and for silver to benefit from a growing U.S. and global economy.What makes Wheaton Precious Metals such an intriguing buy is the 26 streaming deals the company has set up for everything from gold and silver to copper and cobalt. In exchange for providing upfront capital to develop or expand a mine, Wheaton receives most or all of a specified metal's production at well below cost. In the third quarter, its cash costs per ounce for gold and silver were $464 and $5.06, respectively. This worked out to a cash operating margin of $1,331/oz. for gold and $18.74/oz for silver. Because the company doesn't handle day-to-day mining operations, its profit margin [is among the highest in the industry](https://www.fool.com/investing/2021/06/06/7-reasons-to-dump-dogecoin-and-buy-superior-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e).To build on this point, Wheaton's more than two dozen streaming deals ensure that no one company can upend its performance. This makes it one of the most-hedged precious metal companies in any economic environment. [A veterinarian holding a feisty small dog in their arms.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fveterinarian-dog-clinic-diagnostic-drug-healthcare-pet-insurance-getty.jpg&w=700) Image source: Getty Images. **Trupanion** A fifth unstoppable stock that'd be perfect to buy as the market corrects lower is companion animal health insurance provider **Trupanion** [(NASDAQ: TRUP)](https://www.nasdaq.com/market-activity/stocks/trup). According to data from the American Pet Products Association, 70% of U.S. households own a pet, up from 56% in 1988. What's more, an estimated $109.6 billion was spent on companion animals in the U.S. last year, and it's been more than a quarter of a century since year-over-year spending on pets declined. It doesn't matter how nasty the recession is -- pet owners are always willing to spend on their furry, gilled, scaled, and feathered family members.The interesting thing about Trupanion is that [it's just scratching the surface](https://www.fool.com/investing/2021/11/25/untapped-136-billion-opportunity-can-make-rich/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) with regard to its opportunity. Only around 1% of U.S. companion animals are covered by health insurance. That compares to about 25% in the U.K. If the U.S. were to reach the same penetration rate as the U.K., Trupanion would be staring down a $34 billion addressable market.Even though companion animal health insurance is a competitive space, [Trupanion has clear-cut advantages](https://www.fool.com/investing/2021/08/08/3-special-stocks-turn-25000-to-1-million-25-years/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It's been forging relationships with veterinarians and staff at the clinic level for more than two decades. It also provides point-of-sale software to clinics that can handle payment at the time of service.Trupanion is an industry leader that can sustainably grow sales by 20% or more for the foreseeable future. **10 stocks we like better than Alphabet (A shares)**When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=33e6945b-3369-4df4-927f-bdea1d177b0a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlphabet%2520%2528A%2520shares%2529&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) for investors to buy right now... and Alphabet (A shares) wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=33e6945b-3369-4df4-927f-bdea1d177b0a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlphabet%2520%2528A%2520shares%2529&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e)*Stock Advisor returns as of January 10, 2022 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Planet 13 Holdings Inc., and Trupanion. The Motley Fool recommends Broadcom Ltd. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Tompkins Financial (TMP) Lags Q4 Earnings Estimates\nArticle: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Aurora Cannabis Stock in 2022: Skyrocket or Crash?\nArticle: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its \"transformation plan.\" This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Will RPC (RES) Gain on Rising Earnings Estimates?\nArticle: RPC (RES) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas services company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive [externally-audited track record of outperformance](https://www.zacks.com/performance/), with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.For RPC, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:**12 Month EPS** [Image](https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/RES.png)**Current-Quarter Estimate Revisions** The company is expected to earn $0.05 per share for the current quarter, which represents a year-over-year change of +200%.Over the last 30 days, the Zacks Consensus Estimate for RPC has increased 25% because one estimate has moved higher compared to no negative revisions. **Current-Year Estimate Revisions** For the full year, the earnings estimate of $0.29 per share represents a change of +866.67% from the year-ago number.The revisions trend for the current year also appears quite promising for RPC, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 11.69%. **Favorable Zacks Rank** Thanks to promising estimate revisions, RPC currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1linklink).Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. **Bottom Line** While strong estimate revisions for RPC have attracted decent investments and pushed the stock 32.1% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_517_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859246/will-rpc-res-gain-on-rising-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Mercury (MRCY) Offers US & Allies RF Microelectronics Solutions\nArticle: **Mercury Systems** [MRCY](https://www.nasdaq.com/market-activity/stocks/mrcy) recently secured a $17 million contract to provide crucial multi-channel radio frequency (“RF”) microelectronics to the United States and its allies for the enhancement of missile capabilities.The contract will enable U.S warfighters to receive fast real-time signals intelligence data through these digital RF assemblies. This, in turn, will propel America’s air defense mission to newer heights ensuring the country’s air dominance in the 21st century. Awarded in the first quarter of fiscal 2022, Mercury’s latest deal is likely to get shipped over the next few quarters. The contract is likely to expand the defense company’s microelectronics segment’s growth. **Mercury Continues to Win Contracts** Mercury’s products and solutions are supplied to about 300 defense and intelligence programs with over 25 different defense prime contractors. The company’s domain expertise in analog and digital integration has aided it in building a solid long-term relationship with defense prime contractors.The aerospace and defense tech company works with a number of key defense prime contractors on a regular basis ensuring healthy flow of orders. In August 2021, Mercury received a $17 million order from the U.S. Naval Air Warfare Center’s Aircraft Division. In July, it teamed up with CoreAVI, winner of the Military and Aerospace Electronics 2017 Innovators Platinum Award, to provide its aerospace and defense customers CoreAVI’s safety-certified graphics, video, and GPU compute solutions.Prior to that, in June 2021, Mercury achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for its Joint Light Tactical Vehicle program. **Mercury Systems Inc Price and Consensus [](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart)** [Mercury Systems Inc price-consensus-chart](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart) | [Mercury Systems Inc Quote](https://www.nasdaq.com/market-activity/stocks/mrcy) **Zacks Rank & Stocks to Consider** Mercury currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor **Salesforce** [CRM](https://www.nasdaq.com/market-activity/stocks/crm) flaunting a Zacks Rank #1 (Strong Buy), the graphic processing unit maker **NVIDIA Corporation** [NVDA](https://www.nasdaq.com/market-activity/stocks/nvda) and **Advanced Micro Devices** [AMD](https://www.nasdaq.com/market-activity/stocks/amd), both carrying a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Salesforce’s fourth-quarter fiscal 2022 earnings has been revised downward by 7.6% to 73 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved upward by 0.43% to $4.68 per share in the last 60 days.Salesforce’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 44.2%. CRM stock has depreciated 6.1% in the past year.The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward by 13 cents to $1.22 per share over the past 90 days. For fiscal 2022, earnings estimates have moved north by 19 cents to $4.33 per share in the past 90 days. NVIDIA’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have surged 68.1% in the past year.The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 90 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last 60 days.Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 17.2% in the past year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_253_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AMD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [salesforce.com, inc. (CRM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [NVIDIA Corporation (NVDA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVDA&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Mercury Systems Inc (MRCY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRCY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859146/mercury-mrcy-offers-us-allies-rf-microelectronics-solutions?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Zacks Investment Research](http://www.zacks.com/)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: 7 Top Stocks With 10X Potential in 2022 For Your Portfolio\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Last year, [growth stocks](https://investorplace.com/2021/12/7-of-the-best-growth-stocks-to-buy-for-2022/?utm_source=Nasdaq&utm_medium=referral) performed significantly better than value stocks. The [markets have been volatile lately](https://www.cnbc.com/2022/01/19/stock-market-futures-open-to-close-news.html), but it seems like the trend is starting to favor value stocks. Recent data suggests that this change in momentum will accelerate over time. It is becoming more difficult to pick out top stocks for the new year in this environment. Investors are human and have biases. Some people like paying healthy dividends, while others may be growth-oriented, seeking rapidly expanding companies with potential for high returns on investment.Growth stocks offer a greater potential for future return, but they also carry an equal amount of risk. The main concern with these investments is that the growth you’ve seen won’t continue into your future — which means it’s important not only to consider what has happened so far when investing in them but how likely this company will be successful long-term too.The recent rise in borrowing costs has caused many investors to reevaluate their portfolios. This is especially true for those who trade on Wall Street, where the pressure isn’t thanks solely to material concerns about our economy or fears surrounding Covid-19 variants. Instead, many traders are convinced [the Federal Reserve is about to hike interest rates](https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15/) to combat inflation. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) That is leading to a sharp sell-off in growth stocks. Many of these companies are excellent prospects. Hence, it is the ideal time to invest in high-growth top stocks. They are down for now. But it is only a matter of time before they make their inevitable comeback. - **Nextdoor** (NYSE: [KIND](https://investorplace.com/stock-quotes/kind-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McDonald’s** (NYSE: [MCD](https://investorplace.com/stock-quotes/mcd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Caterpillar**(NYSE: [CAT](https://investorplace.com/stock-quotes/cat-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Park Hotels & Resorts** (NYSE: [PK](https://investorplace.com/stock-quotes/pk-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Salesforce** (NYSE: [CRM](https://investorplace.com/stock-quotes/crm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Beyond Meat** (NASDAQ: [BYND](https://investorplace.com/stock-quotes/bynd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Top Stocks: Nextdoor ([KIND](https://www.nasdaq.com/market-activity/stocks/KIND)))** [Image of the Nextdoor (Source: Tada Images / Shutterstock.comNextdoor is the herald for a new generation of neighborhood connectivity, [with 33 million active members across America](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/). The company went public through a [special purpose acquisition company (SPAC)](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) merger in 2021 and has seen unprecedented success ever since.Over the last decade, social media has permeated all our lives. There would be a few areas left where we do not see its impact. The relationship between social media and depression has been a topic of great debate. Some say that the use increases feelings such as loneliness, while others claim it makes people feel less isolated in their daily lives because they can share experiences online.Nextdoor is an interesting company looking to change the dynamic of how we use social media. It is an app that connects people in real-life neighborhoods with one another. The company provides private online networks for continued communication and updates about what’s happening near your house, helping build stronger communities. It’s a fast-growing company, expanding both locally and internationally.The third quarter [saw a 66% increase in revenue to $52.7 million](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/), and the average revenue per user increased 38% year over year to $1.61, with the majority of that increase coming from new users; the number of weekly active users (WAU) reached new heights this past quarter with a 20% year-over-year increase to 33 million. Like many social networks, Nextdoor deals with the same problems that plague platforms when they become huge. But now its position as one such service means it has more responsibility than ever before. However, with an experienced hand like [CEO Sarah Friar](https://www.linkedin.com/in/sarah-friar-922b044) at the helm, there is little cause for concern. Friar’s impressive resume includes six years as the CFO of Square and a stint as an analyst at Goldman Sachs. **McDonald’s Corp. ([MCD](https://www.nasdaq.com/market-activity/stocks/MCD)))** [MCD Stock: a McDonald's sign and logo on the side of a building](https://investorplace.com/wp-content/uploads/2019/09/mcd-stock-1600-6-300x169.jpg) Source: 8th.creator / Shutterstock.comMcDonald’s is a huge, global corporation that has been around for decades, and it still thrives today. It serves as an inspiration to many people worldwide because of its success. As such, it is perhaps one of the safest stocks out there, with consistent growth and dividend income. The global giant that is McDonald’s has [35,000 locations worldwide](https://hinative.com/es-MX/questions/18212204), and 93% of them are franchisees. This means they receive rent and royalty payments from their stores which insulated this company against any inflationary pressures.That puts McDonald’s in a great position. [The consumer price index increased at a 7% year-on-year pace last month](https://www.cnbc.com/2022/01/12/cpi-december-2021-.html), the largest increase since June 1982. Inflation is a real problem, and it is hitting home hard. Therefore, McDonald’s, traditionally seen as the food for budget-conscious consumers, will continue to thrive in this atmosphere. In an [earnings call](https://www.nasdaq.com/market-activity/earnings) McDonald’s reported a dramatic increase in profits this quarter because their menu prices have gone up while costs remained low. McDonald’s is doing a fine job of offsetting increased labor and commodity costs by raising prices on its menu.The company reported a fiscal third-quarter profit of $2.86 per share, up from last year’s figure of $2.35, and McDonald’s just announced that they are raising their forecast for systemwide sales growth in 2021. [The company’s net sales increased 14% to $6.2 billion in the quarter](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/Business.Q3-2021-results.html), surpassing expectations significantly. This is due largely to worldwide same-store sales growth of 12.7% from the year-ago period. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Despite the impressive performance and strong outlook, the stock was up just 22.1% last year. That means there is plenty of upside here that you can exploit. **Top Stocks: Caterpillar ([CAT](https://www.nasdaq.com/market-activity/stocks/CAT)))** [Image of a yellow construction vehicle with the Caterpillar (Source: astudio / Shutterstock.comIn today’s world, few companies can match the size of Caterpillar. The firm is one in a select group to produce both construction and mining equipment on an international scale with operations all over our planet.Caterpillar is expected to have a profitable year, with its earnings and free cash flow projected at an all-time high. This will create significant value for investors due to the global economy whirring back to life. Even in America, things are looking up for Caterpillar. The [$1.2 trillion infrastructure bill](https://investorplace.com/smartmoney/2021/11/the-one-stock-to-buy-after-infrastructure-bill-gets-the-green-light/?utm_source=Nasdaq&utm_medium=referral) signed into law by President Joe Biden on Monday will bring new federal investments and create jobs over five years, touching everything from bridges to broadband internet systems with its promises of improved cities around America. The world’s largest construction equipment manufacturer will, naturally, benefit from these initiatives.In the third quarter of 2021, Caterpillar announced sales and revenues that had [grown by 25% compared with $9.9 billion in 2020](https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html). The revenue increased primarily due to demand for equipment and services at higher end-user levels driving the growth. Third-quarter profits were up significantly from last year, with a whopping $2.66 per share in profit for the quarter compared to just under two dollars back then. In addition, the company bought back $1.4 billion of shares and disbursed dividends totaling $0.6 billion. Shares were up 14.47% last year, with the stock trading at 17.12 times forward price-to-earnings. **Park Hotels & Resorts ([PK](https://www.nasdaq.com/market-activity/stocks/PK)))** [a Park Hotels & Resorts (Source: ShutterstockPark Hotels & Resorts is one of the biggest hotel players, with properties all over America. It specializes in luxury goods and services for travelers at any price, from budget-friendly rates to five-star accommodations. The company was formed as an offshoot of [Hilton Worldwide back in 2017](https://www.pkhotelsandresorts.com/company/about-park). Hilton’s CEO, [Christopher Nassetta](https://www.linkedin.com/in/chrisnassetta), evaluated a corporate spin-off of their $13 billion real estate portfolio. This plan was part of Hilton’s strategy to move towards an “ [asset-light model](https://www.bu.edu/bhr/2021/05/31/asset-light-business-model-strategies-for-hotels-during-the-pandemic/),” which would enable rapid international growth and take advantage of the lack of taxes on REITs or real estate investment trusts — REITs have to [distribute at least 90%](https://www.sec.gov/files/reits.pdf) of their profits as dividends, or else they will lose tax-exempt status.Owing to the nature of the pandemic, it was only natural that the hotel industry would come under fire. Revenues fell sharply in 2020, leading to a substantial loss for the hotel REIT. The situation has improved remarkably in the latest few quarters. Third-quarter highlights include a strong, positive RevPAR number that shows the company is growing steadily and returning to profitability. Funds from operations (FFO) attributable to stockholders for the quarter was $5 million — [a 112.2% improvement from second-quarter numbers](https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2021/11-03-2021-201734881). - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) The hotel REIT focuses squarely on three major markets, [New York City, Chicago, and San Francisco](https://www.costar.com/article/507460491/hotel-industry-recovery-hinges-on-demand-from-business-travelers-groups), to power its comeback further. “I’ve been in New York three times in the last couple of weeks, and the city’s coming back to life, and it’s great to see,” CEO Thomas Baltimore Jr. said in November. Meanwhile, hotel occupancy in Chicago is still high despite the overall slow down. Corporate group bookings at Park’s hotels were about 83% of 2019 levels which amounts to around 168,000 room nights citywide. **Top Stocks: AT&T ([T](https://www.nasdaq.com/market-activity/stocks/T)))** [Sign of AT&T (Source: Lester Balajadia / Shutterstock.comAT&T hasn’t gotten the love it deserves in the last year. In an unexpected move, AT&T announced that it plans — into their own company just a few short years after buying [Time Warner Inc for $108 billion](https://arstechnica.com/tech-policy/2021/05/att-to-spin-off-warnermedia-will-try-to-act-like-a-telecom-company-again/). AT&T announced that [they had signed a merger agreement](https://about.att.com/story/2021/warnermedia_discovery.html) with **Discovery** (NASDAQ: [DISCA](https://investorplace.com/stock-quotes/disca-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). The two companies will now share some of their assets as part of this deal and create one “standalone global entertainment company.” As a result of the agreement, [AT&T would receive a cool $43 billion](https://about.att.com/story/2021/warnermedia_discovery.html#:~:text=Under%20the%20terms%20of%20the,representing%2071%25%20of%20the%20new) in the all-stock transaction that it will use to reduce debt and invest in broadband.AT&T plans to spend $24 billion on capital expenditures in 2022. This investment will go toward 5G and fiber broadband networks. That comes as a welcome change because the telecommunications giant could not focus squarely on this space in the last few years. AT&T [plans to cover 200 million people](https://www.cnet.com/tech/mobile/verizon-and-at-ts-c-band-5g-upgrade-from-airports-to-rollouts-the-latest-on-what-you-need-to-know/) with its 5G C-band network by year-end 2023, and they are investing to reach 30 million customer locations this coming 2025.Management cut AT&T’s dividend by half last year, but the company assured investors that it would still pay out an annual distribution. However, following cutting the payout, the company will lose its [Dividend Aristocrats status](https://investorplace.com/2022/01/3-dividend-aristocrats-yielding-over-4/?utm_source=Nasdaq&utm_medium=referral). Hence, many AT&T shareholders are left wondering whether they should keep investing in the stock moving forward. AT&T’s debt load is set to decrease after they shed some of their most lucrative divisions and use the proceeds and the savings from the dividend cut, making them more competitive with **T-Mobile** (NASDAQ: [TMUS](https://investorplace.com/stock-quotes/tmus-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Verizon** (NYSE: [VZ](https://investorplace.com/stock-quotes/vz-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). **Salesforce (CRM)** [A hand with pink painted fingernails holds a Salesforce (CRM) sticker.](https://investorplace.com/wp-content/uploads/2019/07/crm1600-300x169.jpg) Source: Bjorn Bakstad / Shutterstock.com Salesforce offers excellent customer service and helps businesses improve their marketing strategy with its powerful applications. They provide CRM (customer relationship management) services for both individual consumers and small companies and enterprise software. CRM’s software helps businesses organize and handle sales operations while also managing customer relationships.The Salesforce ecosystem and community are growing, which means that CRM functionality is expanding too. One way to increase their acquisition rates is by acquiring new companies within this space as they come along with valuable skillsets or experiences — something else important for reaching scale. Salesforce is a company that provides “ [360-degree view of customer](https://www.scnsoft.com/services/salesforce/demo-customer-profile)” services.It is the perfect alternative to **Adobe** (NASDAQ: [ADBE](https://investorplace.com/stock-quotes/adbe-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Oracle** (NYSE: [ORCL](https://investorplace.com/stock-quotes/orcl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), and **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Salesforce competitors provide various components that make them stand out from the rest and offer an excellent way to manage all aspects of customers’ needs. Salesforce has [made some of the biggest acquisitions in recent years](https://www.salesforce.com/news/stories/salesforce-acquisitions/), including Slack for $27.7 billion, Tableau at $15.7 billion, and Mulesoft for $6.5 billion. The Salesforce empire has always been about more than just CRM. They’ve used their acquisition strategy to integrate innovative technologies into the platform, which benefits every customer with exciting new features and functionality that they can’t get anywhere else. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) However, Salesforce is not doing so well recently. The stock continued its downward spiral following a new omicron coronavirus variant and a tech-specific sell-off in December. But that means a quality business with a wide moat is available at a discount. **Top Stocks: Beyond Meat (BYND)** [bynd stock](https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-3-300x169.jpg) Source: Shutterstock Beyond Meat is a company that produces plant-based substitutes for beef, pork, and poultry. The company aims to help reduce pollution from these industries while also helping people live healthier lives by eating more vegetarian meals themselves or providing them access at affordable prices. Last year, Beyond launched its [new line of chicken in Canadian and U.S restaurants](https://vegnews.com/2021/7/vegan-beyond-meat-chicken-tenders) and grocery stores across North America.Nevertheless, the stock has not done well in the last six months. That is because of sluggish sales and muted forecasts. Beyond is a company that thrives on retail sales. The [segment generates 74%](https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html) of its total revenue, while foodservice accounts for 26%. Analysts believe the key for the company is to produce their product at a lower cost to battle McDonald’s.But the value proposition is there. Millennials and Generation Z believe in a healthier diet. That leads to marketers and businesses honing on any area that could lead to a healthy lifestyle. Beyond Meat will do well in this environment.On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faizan Farooque is a contributing author for [InvestorPlace.com](http://investorplace.com/) and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. You can check out his analysis on InvestorPlace and TipRanks. The post [7 Top Stocks With 10X Potential in 2022 For Your Portfolio](https://investorplace.com/2022/01/7-top-stocks-with-10x-potential-in-2022-kind-mcd-cat-pk-t-crm-bynd/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders\nArticle: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Applied Industrial (AIT) Q2 Earnings & Revenues Top Estimates\nArticle: **Applied Industrial Technologies, Inc.** [AIT](https://www.nasdaq.com/market-activity/stocks/ait) has reported better-than-expected second-quarter fiscal 2022 (ended Dec 31, 2021) results. Its earnings surpassed estimates by 33.9%. This was the eighth consecutive quarter of an earnings beat. Also, sales beat the consensus estimate by 3.3%.The company’s adjusted earnings in the fiscal second quarter were $1.46 per share, outpacing the Zacks Consensus Estimate of $1.09. The bottom line increased 49% from the year-ago figure of 98 cents. **Revenue Details** In the reported quarter, Applied Industrial’s net sales amounted to $876.9 million, up 16.7% year over year. The results benefited from 16.4% growth in organic sales, 1.6% gains from acquisitions and 0.3% gain from foreign currency translation. The increase was partially offset by an adverse impact of 1.6% from one less selling day.The company’s top line surpassed the Zacks Consensus Estimate of $849 million.Applied Industrial reports revenues under two market segments. A brief discussion of the quarterly results is provided below:**Service Center-Based Distribution**’s revenues totaled $587.2 million, which contributed 67% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 13.9%. Organic sales grew 15.1% and foreign currency translation had a positive impact of 0.4%. One less selling day had an adverse impact of 1.6%. Demand was healthy in machinery, aggregates & mining, lumber & wood, food & beverage and pulp & paper markets.The **Fluid Power & Flow Control** segment generated revenues of $289.7 million, contributing 33% to net revenues in the reported quarter. The figure increased 22.9% year over year on the back of 19.3% growth in organic sales and 5.2% gain from acquisitions. One less selling day had an adverse impact of 1.6%. Businesses flourished in the technology, life sciences, off-highway mobile, chemical, utilities and machinery markets. **Applied Industrial Technologies, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart)[Applied Industrial Technologies, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart) | [Applied Industrial Technologies, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/ait)**Margin Profile** In the reported quarter, Applied Industrial’s cost of sales increased 14.3% year over year to $619.2 million. Cost of sales was 70.6% of the quarter’s net sales. Gross profit in the quarter grew 23% year over year to $257.6 million, while gross margin increased 150 basis points (bps) to 29.4%.Selling, distribution and administrative expenses (including depreciation) increased 10.5% year over year to $179.4 million. It represented 20.5% of net sales in the reported quarter compared with 21.6% in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $92.6 million, reflecting growth of 35.6%. Margin increased 150 bps to 10.6%. Interest expenses declined 9.1% year over year to $7 million. **Balance Sheet & Cash Flow** Exiting the second quarter of fiscal 2022, Applied Industrial had cash and cash equivalents of $154.8 million, down 37.4% from $247.3 million recorded in the last reported quarter. Long-term debt decreased 6.7% sequentially to $681.3 million.In the first six months of fiscal 2022, the company repaid long-term debts of $550.4 million compared with $72.3 million in the year-ago period. During the same period, the company generated net cash of $81.3 million from operating activities, reflecting a decrease of 49% from the year-ago period. Capital expenditures totaled $7.5 million, down 10.7% year over year. Free cash flow in the first six months of fiscal 2022 decreased 51.1% to $73.8 million.In the first six months of fiscal 2022, Applied Industrial rewarded shareholders with a dividend payout of $25.5 million. The amount represents growth of 2.4% year over year. Also, the company repurchased shares worth $10.1 million in the same period. Exiting the second quarter of fiscal 2022, the company is left to repurchase 353,000 shares.Concurrent with the earnings release, AIT announced that its board of directors approved a 3% hike in the quarterly dividend rate. It now stands at 34 cents per share, higher than the previous rate of 33 cents. The company will pay out the revised amount on Feb 28, 2022, to shareholders on record as of Feb 15. **Outlook** For fiscal 2022 (ending June 2022), Applied Industrial is expected to benefit from strength across industrial markets and a strong backlog level. However, supply-chain constraints and inflationary issues are concerning.The company expects total revenues to increase 11.5-12.5% year over year for fiscal 2022 (higher than 8-10% growth predicted earlier). Organic sales growth for the year is predicted to be 10.5-11.5% (higher than 7-9% growth guided earlier).EBITDA margin is expected to be 10.1-10.3% (versus 9.7-9.9% predicted earlier). Earnings per share are estimated to be $5.70-$5.90 for fiscal 2022 (versus $5.00-$5.40 guided previously). **Zacks Rank & Stocks to Consider** AIT currently carries a Zacks Rank #3 (Hold).Some better-ranked companies in the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-general-industrial-99) are discussed below. **Ferguson plc** [FERG](https://www.nasdaq.com/market-activity/stocks/ferg) presently carries a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link). Its earnings surprise in the last reported quarter was 16.82%, on average.Ferguson’s earnings estimates increased 0.1% for fiscal 2022 (ending July 2022) and 0.6% for fiscal 2023 (ending July 2023) in the past 30 days. Its shares have gained 1.8% in the past three months. **Graco Inc.** [GGG](https://www.nasdaq.com/market-activity/stocks/ggg) presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 6.58%, on average.In the past 30 days, Graco’s earnings estimates have been stable for both 2021 (results awaited) and 2022. GGG’s shares have lost 7.1% in the past three months. **Xometry, Inc.** [XMTR](https://www.nasdaq.com/market-activity/stocks/xmtr) presently carries a Zacks Rank #2. In the last reported quarter, its earnings missed the consensus estimate by 6.45%.Xometry’s bottom line estimates have decreased 1.1% for 2021 (results awaited) and decreased 25.4% for 2022 in the past 30 days. Its shares have lost 16.5% in the past three months. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AIT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Graco Inc. (GGG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GGG&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Wolseley PLC (FERG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FERG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Xometry, Inc. (XMTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=XMTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859075/applied-industrial-ait-q2-earnings-revenues-top-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule\nArticle: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \\begin{table}{|c|c|c|} \\hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\\\ \\hline \\end{table} **Conference Call Details** \\begin{table}{|c|c|} \\hline Date: & Friday, February 25th, 2022 \\\\ \\hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\\\ \\hline United States dial in: & +1-844-204-8586 \\\\ \\hline Mexico dial in: & +52-55-8880-8040 \\\\ \\hline International dial in: & +1-412-317-6346 \\\\ \\hline Participant Code: & Volaris \\\\ \\hline Replay access Code: & 10163641 \\\\ \\hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\\\ \\hline \\end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [ir@volaris.com](mailto:ir@volaris.com) **Media Contact:**Gabriela Fernández / [gabriela.fernandez@volaris.com](mailto:gabriela.fernandez@volaris.com) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (\"Volaris\" or the \"Company\") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris\n\nDate: 2022-01-28\nTitle: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?\nArticle: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS\nArticle: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.\n\nDate: 2022-01-28\nTitle: Noteworthy Friday Option Activity: MGI, UBER, ALGT\nArticle: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)\n\nDate: 2022-01-28\nTitle: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst\nArticle: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: \"Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®.\" Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome (\"LEMS\") was approved in 2018 by the U.S. Food & Drug Administration (\"FDA\"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission (\"SEC\"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [mcoleman@catalystpharma.com](mailto:mcoleman@catalystpharma.com) Media Contact David Schull Russo Partners (858) 717-2310 [david.schull@russopartnersllc.com](mailto:david.schull@russopartnersllc.com)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.\n\nDate: 2022-01-28\nTitle: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\nArticle: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics\n\nDate: 2022-01-28\nTitle: Community Trust Bancorp, Inc. Declares Its Cash Dividend\nArticle: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\nSymbol: HLIT\nSecurity: Harmonic Inc.\nRelated Stocks/Topics: Stocks|CRUS|META|GOOGL\nTitle: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)\nStock Price 4 days before: 10.3218\nStock Price 2 days before: 10.5292\nStock Price 1 day before: 10.2953\nStock Price at release: 10.125\nRisk-Free Rate at release: 0.0004\n\nSymbol: CRON\nSecurity: Cronos Group Inc.\nRelated Stocks/Topics: Unknown\nTitle: Cronos Group Provides Bi-Weekly MCTO Status Update\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [Investor.relations@thecronosgroup.com](mailto:Investor.relations@thecronosgroup.com) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.\nStock Price 4 days before: 3.37541\nStock Price 2 days before: 3.51055\nStock Price 1 day before: 3.42743\nStock Price at release: 3.33572\nRisk-Free Rate at release: 0.0004\n\nSymbol: PACK\nSecurity: Ranpak Holdings Corp.\nRelated Stocks/Topics: Markets\nTitle: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?\nType: News\nPublication: The Motley Fool\nPublication Author: Jon Quast\nDate: 2022-01-28\nArticle: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its \"selling, general, and administrative\" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 25.7735\nStock Price 2 days before: 27.8086\nStock Price 1 day before: 25.6377\nStock Price at release: 24.1238\nRisk-Free Rate at release: 0.0004\n\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: PODD|US Markets|IMAB\nTitle: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX\nType: News\nPublication: MTNewswires\nPublication Author: MT Newswires\nDate: 2022-01-28\nArticle: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.\nStock Price 4 days before: 85.0368\nStock Price 2 days before: 79.7107\nStock Price 1 day before: 80.5899\nStock Price at release: 75.0\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: AMC\nSecurity: AMC Entertainment Holdings, Inc.\nRelated Stocks/Topics: CNK|Markets|MCS|DIS|NFLX|AMZN\nTitle: Why Movie Theaters Could Be the Next Big Acquisition Target\nType: News\nPublication: The Motley Fool\nPublication Author: Collin Brantmeyer\nDate: 2022-01-29\nArticle: After a [flurry of acquisitions in the gaming industry](https://www.fool.com/investing/2022/01/18/why-activision-blizzard-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), investors looking to get ahead of future deals may be wondering which industry faces consolidation next. The answer could lie in movie theaters. ****Decree decreased****In 1948, the Supreme Court ruled in United States v. Paramount Pictures, Inc. that studios cannot own theaters due to antitrust laws. However, a federal judge granted The Department of Justice's motion to lift the \"Paramount Decree\" on August 7, 2020, starting a two-year sunset termination period. After the decree ends in August 2022, movie studios like **Disney** [(NYSE: DIS)](https://www.nasdaq.com/market-activity/stocks/dis) may look to enter the theatrical distribution business the quickest way possible: acquiring movie theater operators. [Smiling people watch a movie in a theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663617%2Fpeople-watching-movie-theater.jpeg&w=700) Image source: Getty Images. But why would studios acquire cineplexes when streaming is on the rise and brick-and-mortar movie exhibitors are struggling? For starters, blockbusters likeSpider-Man: No Way Home are still making money at the box office -- raking in $1.69 billion worldwide to date. And instead of making 55% to 60% of the gross ticket sales, a studio could take the full 100%. Just 1% extra on a billion-dollar blockbuster would earn a studio an extra $10 million.Alternatively, streaming services could get creative with their subscriptions by releasing blockbusters early or including tickets as part of its value proposition. Notably, **Amazon.com** and **Netflix** [(NASDAQ: NFLX)](https://www.nasdaq.com/market-activity/stocks/nflx) don't have to comply with the \"Paramount Decree\" because \"they didn't exist when the decrees were signed.\" In fact, Netflix already purchased Grauman's Egyptian Theatre in 2020. Disney purchased the El Capitan Theatre in the 1980s, but that required court proceedings at the time of purchase -- which will no longer be the case come August. ****Potential targets******AMC Entertainment** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) is the world's largest cinema chain, owning roughly 950 theatres, and its enterprise value -- deserved or not -- reflects that at roughly $16.7 billion. AMC gains some competitive advantage from its broader reach in international markets compared to its competitors, with approximately a third of its theatres in Europe and the Middle East. Since most blockbusters gross more money internationally -- Spider Man: No Way Homehas made roughly 57% of its box office returns outside of the U.S. -- AMC may be a more attractive target than its domestically concentrated competitors. Outside of AMC, publicly traded movie theater companies like **Cinemark** [(NYSE: CNK)](https://www.nasdaq.com/market-activity/stocks/cnk) and **The Marcus Corporation** [(NYSE: MCS)](https://www.nasdaq.com/market-activity/stocks/mcs) have been struggling over the past couple of years -- largely because of the pandemic.Cinemark, at a $5.1 billion enterprise value, is a pure movie theater play, owning 524 theatres in the U.S. and Latin America. The Marcus Corporation, at a $1 billion enterprise value, owns or operates 85 theatres primarily in the Midwestern United States, but also owns or manages 19 hotels. Unlike [AMC's \"meme stock\" rise](https://www.fool.com/investing/2021/12/22/why-meme-stock-amc-entertainment-may-have-an-ongoi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), both Cinemark and The Marcus Corporation have seen their stocks cut in nearly half since the beginning of the pandemic, making both attractive to potential acquirers. ****Why it might not happen****The movie theater business is in decline, and the top chains carry massive debt. Cinemark's total debt has ballooned from $2 billion to $3.9 billion over the past three years. And while AMC has been able to pay down some of its nearly $11 billion total debt by issuing more than 400 million new shares over the last two fiscal years, it still might be a tough pill for an acquirer to swallow.Even before the pandemic, the theater industry sold 200 million fewer domestic tickets in 2019 compared to its highs in the early oughts. While movie theaters have been raising prices for years to compensate for the drop in ticket sales, there are no guarantees that moviegoers will return, especially as the pandemic seemingly continues into its third year. In fact, when CivicScience recently polled 60,000 Americans, 71% responded that they preferred watching something at home over going out to a movie.Still, as streaming grows in popularity, studios covet box office sales. This year, HBO Max ended same-day releases for its Warner Bros. theatrical releases, creating a 45-day window of theatrical exclusivity. No example may be more telling than Paramount delaying the release of Top Gun: Maverickfive times -- while reportedly refusing to sell the film to AppleTV+ and Netflix -- to see that its tentpole franchise has the opportunity to have a proper box office run. ****What's next****If movie theaters are able to replicate the success of Spider Man: No Way Homein the first half of 2022 with slated blockbuster releases like The Batmanand Top Gun: Maverick, don't be surprised if studios like Disney or the [soon-to-be Warner Bros. Discovery](https://www.fool.com/investing/2021/07/29/2-big-changes-happening-at-hbo-max/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) can't resist a larger piece of their billion-dollar franchises' pie. Watch their actions closely after the \"Paramount Decree\" sunsets in August -- or even sooner, if Amazon and Netflix want to take advantage of a loophole.As far as the most likely target, Cinemark appears to be the most attractive. While Cinemark doesn't offer the market penetration of AMC, its presence in Latin America could be attractive as Latin influences on Hollywood grow. And each Cinemark theatre works out to $9.7 million of the company's enterprise value -- the best and lowest per-theater value among its competitors. **10 stocks we like better than Cinemark Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) for investors to buy right now... and Cinemark Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Collin Brantmeyer](https://boards.fool.com/profile/CMFMoneyBall/info.aspx) owns Amazon, Netflix, and Walt Disney. The Motley Fool owns and recommends Amazon, Netflix, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 15.9\nStock Price 2 days before: 15.9473\nStock Price 1 day before: 14.2546\nStock Price at release: 14.5698\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":17.502,"string":"17.502"}}},{"rowIdx":299,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates\nArticle: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline\nArticle: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates\nArticle: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the \"Investors\" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \\begin{table}{|c|c|} \\hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.\n\nDate: 2022-01-28\nTitle: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates\nArticle: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: VAALCO Energy Declares Initial Quarterly Dividend\nArticle: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (\"**VAALCO**\" or the \"**Company**\")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, \"In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value.\" \\begin{table}{|c|c|} \\hline For Further Information & \\\\ \\hline & \\\\ \\hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\\\ \\hline Website: & www.vaalco.com \\\\ \\hline & \\\\ \\hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\\\ \\hline Al Petrie / Chris Delange & \\\\ \\hline & \\\\ \\hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\\\ \\hline Ben Romney / Jon Krinks/ James Husband & VAALCO@buchanan.uk.com \\\\ \\hline \\end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.\n\nDate: 2022-01-29\nTitle: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks\nArticle: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This \"steepening\" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\nArticle: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics\n\nDate: 2022-01-28\nTitle: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next\nArticle: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-29\nTitle: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (Source: StreetVJ / Shutterstock.com** What’s Happening With DOYU Stock** The announcement of this pending deal sent DOYU stock shooting up this morning. A previously overlooked penny stock, DOYU plunged last Friday, but following today’s gains, it is in the green. Indeed, it slid 4% as markets opened today but was quick to rebound. As of this writing, it is up almost 14% for the day. It’s up by more than 2% for the week and almost 3% for the month. However, DOYU stock was trading at more than $4 per share less than six months ago and is still at only $2.50.Tencent is also rising today, though its pattern has been one of turbulence. As of this writing, it is up 0.18% for the day but remains in the red for the week by just under 1.5%. In 2021, the company faced some regulatory hurdles when its merger with fellow Chinese game producer **Huya** (NYSE:** [HUYA](https://investorplace.com/stock-quotes/huya-stock-quote/?utm_source=Nasdaq&utm_medium=referral)**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS\nArticle: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.\n\nDate: 2022-01-28\nTitle: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)\nArticle: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY\nArticle: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. \"Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world,\" said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), \"The World's Most Famous Building,\" owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared \"America's Favorite Building\" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.\n\nDate: 2022-01-28\nTitle: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders\nArticle: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company\n\nDate: 2022-01-28\nTitle: Is Marine Products Corporation's (NYSE:MPX) Recent Stock Performance Influenced By Its Fundamentals In Any Way?\nArticle: Most readers would already be aware that Marine Products' (NYSE:MPX) stock increased significantly by 8.1% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Marine Products' ROE in this article.ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. **How Is ROE Calculated?****ROE can be calculated by using the formula:**Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for Marine Products is:29% = US$29m ÷ US$99m (Based on the trailing twelve months to December 2021).The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.29 in profit. **Why Is ROE Important For Earnings Growth?**So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or \"retains\" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. **Marine Products' Earnings Growth And 29% ROE** To begin with, Marine Products has a pretty high ROE which is interesting. Even when compared to the industry average of 29% the company's ROE is pretty decent. Therefore, it looks like the high ROE is what probably supported Marine Products' modest 5.1% growth over the past five years.We then compared Marine Products' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 16% in the same period, which is a bit concerning.[past-earnings-growth](https://images.simplywall.st/asset/chart/740990-past-earnings-growth-1-dark/1643377601162) NYSE:MPX Past Earnings Growth January 28th 2022Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to [check if Marine Products is trading on a high P/E or a low P/E](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), relative to its industry. **Is Marine Products Efficiently Re-investing Its Profits?** Marine Products has a significant three-year median payout ratio of 56%, meaning that it is left with only 44% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders. Additionally, Marine Products has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. **Conclusion** On the whole, we do feel that Marine Products has some positive attributes. The company has grown its earnings moderately as previously discussed. Still, the high ROE could have been even more beneficial to investors had the company been reinvesting more of its profits. As highlighted earlier, the current reinvestment rate appears to be quite low. So far, we've only made a quick discussion around the company's earnings growth. To gain further insights into Marine Products' past profit growth, check out this [visualization of past earnings, revenue and cash flows.](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIxMTo3NTIwMGRkZTg0NDk3ZjFj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\nSymbol: SBSI\nSecurity: Southside Bancshares, Inc.\nRelated Stocks/Topics: Unknown\nTitle: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \\begin{table}{|c|c|} \\hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\\\ \\hline \\end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [lindsey.bailes@southside.com](mailto:lindsey.bailes@southside.com). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & As of \\\\ \\hline & & 2021 & & & & 2020 & \\\\ \\hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\\\ \\hline ASSETS & & & & & & & & & \\\\ \\hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\\\ \\hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\\\ \\hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\\\ \\hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\\\ \\hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\\\ \\hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\\\ \\hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\\\ \\hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\\\ \\hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\\\ \\hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\\\ \\hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\\\ \\hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\\\ \\hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\\\ \\hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\\\ \\hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\\\ \\hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\\\ \\hline & & & & & & & & & \\\\ \\hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\\\ \\hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\\\ \\hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\\\ \\hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\\\ \\hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\\\ \\hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\\\ \\hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\\\ \\hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\\\ \\hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\\\ \\hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\\\ \\hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\\\ \\hline & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & Three Months Ended \\\\ \\hline & & 2021 & & & & 2020 & \\\\ \\hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\\\ \\hline Income Statement: & & & & & & & & & \\\\ \\hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\\\ \\hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\\\ \\hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\\\ \\hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\\\ \\hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\\\ \\hline Noninterest income & & & & & & & & & \\\\ \\hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\\\ \\hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\\\ \\hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\\\ \\hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\\\ \\hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\\\ \\hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\\\ \\hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\\\ \\hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\\\ \\hline Noninterest expense & & & & & & & & & \\\\ \\hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\\\ \\hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\\\ \\hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\\\ \\hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\\\ \\hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\\\ \\hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\\\ \\hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\\\ \\hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\\\ \\hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\\\ \\hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\\\ \\hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\\\ \\hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\\\ \\hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\\\ \\hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\\\ \\hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Common Share Data: & & & \\\\ \\hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\\\ \\hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\\\ \\hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\\\ \\hline Earnings per common share & & & & & & & & & \\\\ \\hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\\\ \\hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\\\ \\hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\\\ \\hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\\\ \\hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Selected Performance Ratios: & & & & & & & & & \\\\ \\hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\\\ \\hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\\\ \\hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\\\ \\hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\\\ \\hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\\\ \\hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\\\ \\hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\\\ \\hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\\\ \\hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\\\ \\hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & Three Months Ended \\\\ \\hline & & 2021 & & & & 2020 & \\\\ \\hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\\\ \\hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\\\ \\hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\\\ \\hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\\\ \\hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\\\ \\hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\\\ \\hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Asset Quality Ratios: & & & & & & & & & \\\\ \\hline Ratio of nonaccruing loans to: & & & & & & & & & \\\\ \\hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\\\ \\hline Ratio of nonperforming assets to: & & & & & & & & & \\\\ \\hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\\\ \\hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\\\ \\hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\\\ \\hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\\\ \\hline Ratio of allowance for loan losses to: & & & & & & & & & \\\\ \\hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\\\ \\hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\\\ \\hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\\\ \\hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\\\ \\hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Capital Ratios: & & & & & & & & & \\\\ \\hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\\\ \\hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\\\ \\hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\\\ \\hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\\\ \\hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\\\ \\hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\\\ \\hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & Three Months Ended \\\\ \\hline & & 2021 & & & & 2020 & \\\\ \\hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\\\ \\hline Real Estate Loans: & & & & & & & & & \\\\ \\hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\\\ \\hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\\\ \\hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\\\ \\hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\\\ \\hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\\\ \\hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\\\ \\hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Summary of Changes in Allowances: & & & & & & & & & \\\\ \\hline Allowance for Loan Losses & & & & & & & & & \\\\ \\hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\\\ \\hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\\\ \\hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\\\ \\hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\\\ \\hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\\\ \\hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\\\ \\hline & & & & & & & & & \\\\ \\hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\\\ \\hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\\\ \\hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\\\ \\hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\\\ \\hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\\\ \\hline & & & & & & & & & & & & & & & & & & & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|} \\hline & Year Ended \\\\ \\hline & December 31, \\\\ \\hline & & 2021 & & & & 2020 & \\\\ \\hline Income Statement: & & & \\\\ \\hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\\\ \\hline Total interest expense & & 26,430 & & & & 44,563 & \\\\ \\hline Net interest income & & 189,557 & & & & 187,265 & \\\\ \\hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\\\ \\hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\\\ \\hline Noninterest income & & & \\\\ \\hline Deposit services & & 26,368 & & & & 24,359 & \\\\ \\hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\\\ \\hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\\\ \\hline Trust fees & & 5,959 & & & & 5,133 & \\\\ \\hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\\\ \\hline Brokerage services & & 3,383 & & & & 2,271 & \\\\ \\hline Other & & 5,505 & & & & 4,386 & \\\\ \\hline Total noninterest income & & 49,336 & & & & 49,732 & \\\\ \\hline Noninterest expense & & & \\\\ \\hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\\\ \\hline Net occupancy & & 14,239 & & & & 14,369 & \\\\ \\hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\\\ \\hline ATM expense & & 1,166 & & & & 1,018 & \\\\ \\hline Professional fees & & 4,015 & & & & 4,224 & \\\\ \\hline Software and data processing & & 5,675 & & & & 4,957 & \\\\ \\hline Communications & & 2,233 & & & & 1,984 & \\\\ \\hline FDIC insurance & & 1,807 & & & & 1,124 & \\\\ \\hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\\\ \\hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\\\ \\hline Other & & 9,669 & & & & 12,642 & \\\\ \\hline Total noninterest expense & & 125,030 & & & & 123,307 & \\\\ \\hline Income before income tax expense & & 130,827 & & & & 93,489 & \\\\ \\hline Income tax expense & & 17,426 & & & & 11,336 & \\\\ \\hline Net income & $ & 113,401 & & & $ & 82,153 & \\\\ \\hline & & & \\\\ \\hline Common Share Data: & & & \\\\ \\hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\\\ \\hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\\\ \\hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\\\ \\hline Earnings per common share & & & \\\\ \\hline Basic & $ & 3.48 & & & $ & 2.47 & \\\\ \\hline Diluted & & 3.47 & & & & 2.47 & \\\\ \\hline Book value per common share & & 28.20 & & & & 26.56 & \\\\ \\hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\\\ \\hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\\\ \\hline & & & \\\\ \\hline Selected Performance Ratios: & & & \\\\ \\hline Return on average assets & & 1.59 & % & & & 1.14 & % \\\\ \\hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\\\ \\hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\\\ \\hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\\\ \\hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\\\ \\hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\\\ \\hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\\\ \\hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\\\ \\hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\\\ \\hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|} \\hline & Year Ended \\\\ \\hline & December 31, \\\\ \\hline & & 2021 & & & & 2020 & \\\\ \\hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\\\ \\hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\\\ \\hline Accruing loans past due more than 90 days & & — & & & & — & \\\\ \\hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\\\ \\hline Other real estate owned & & — & & & & 106 & \\\\ \\hline Repossessed assets & & — & & & & 14 & \\\\ \\hline & & & \\\\ \\hline Asset Quality Ratios: & & & \\\\ \\hline Ratio of nonaccruing loans to: & & & \\\\ \\hline Total loans & & 0.07 & % & & & 0.21 & % \\\\ \\hline Ratio of nonperforming assets to: & & & \\\\ \\hline Total assets & & 0.16 & & & & 0.25 & \\\\ \\hline Total loans & & 0.32 & & & & 0.48 & \\\\ \\hline Total loans and OREO & & 0.32 & & & & 0.48 & \\\\ \\hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\\\ \\hline Ratio of allowance for loan losses to: & & & \\\\ \\hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\\\ \\hline Nonperforming assets & & 303.84 & & & & 280.35 & \\\\ \\hline Total loans & & 0.97 & & & & 1.34 & \\\\ \\hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\\\ \\hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\\\ \\hline & & & \\\\ \\hline Capital Ratios: & & & \\\\ \\hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\\\ \\hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\\\ \\hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\\\ \\hline Total risk-based capital & & 18.15 & & & & 21.78 & \\\\ \\hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\\\ \\hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\\\ \\hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|} \\hline & Year Ended \\\\ \\hline & December 31, \\\\ \\hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\\\ \\hline Real Estate Loans: & & & \\\\ \\hline Construction & $ & 447,860 & & & $ & 581,941 & \\\\ \\hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\\\ \\hline Commercial & & 1,598,172 & & & & 1,295,746 & \\\\ \\hline Commercial Loans & & 418,998 & & & & 557,122 & \\\\ \\hline Municipal Loans & & 443,078 & & & & 409,028 & \\\\ \\hline Loans to Individuals & & 85,914 & & & & 93,990 & \\\\ \\hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\\\ \\hline & & & \\\\ \\hline Summary of Changes in Allowances: & & & \\\\ \\hline Allowance for Loan Losses & & & \\\\ \\hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\\\ \\hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\\\ \\hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\\\ \\hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\\\ \\hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\\\ \\hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\\\ \\hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\\\ \\hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\\\ \\hline & & & \\\\ \\hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\\\ \\hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\\\ \\hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\\\ \\hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\\\ \\hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\\\ \\hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & Three Months Ended \\\\ \\hline & December 31, 2021 & & September 30, 2021 \\\\ \\hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\\\ \\hline ASSETS & & & & & & & & & & & \\\\ \\hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\\\ \\hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\\\ \\hline Securities: & & & & & & & & & & & \\\\ \\hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\\\ \\hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\\\ \\hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\\\ \\hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\\\ \\hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\\\ \\hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\\\ \\hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\\\ \\hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\\\ \\hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\\\ \\hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\\\ \\hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\\\ \\hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\\\ \\hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\\\ \\hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\\\ \\hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\\\ \\hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\\\ \\hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\\\ \\hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\\\ \\hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\\\ \\hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\\\ \\hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\\\ \\hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\\\ \\hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\\\ \\hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\\\ \\hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\\\ \\hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\\\ \\hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\\\ \\hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\\\ \\hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\\\ \\hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\\\ \\hline & \\\\ \\hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & Three Months Ended \\\\ \\hline & June 30, 2021 & & March 31, 2021 \\\\ \\hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\\\ \\hline ASSETS & & & & & & & & & & & \\\\ \\hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\\\ \\hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\\\ \\hline Securities: & & & & & & & & & & & \\\\ \\hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\\\ \\hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\\\ \\hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\\\ \\hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\\\ \\hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\\\ \\hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\\\ \\hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\\\ \\hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\\\ \\hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\\\ \\hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\\\ \\hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\\\ \\hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\\\ \\hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\\\ \\hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\\\ \\hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\\\ \\hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\\\ \\hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\\\ \\hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\\\ \\hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\\\ \\hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\\\ \\hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\\\ \\hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\\\ \\hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\\\ \\hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\\\ \\hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\\\ \\hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\\\ \\hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\\\ \\hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\\\ \\hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\\\ \\hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\\\ \\hline & \\\\ \\hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|} \\hline & Three Months Ended \\\\ \\hline & December 31, 2020 \\\\ \\hline & AverageBalance & & Interest & & AverageYield/Rate \\\\ \\hline ASSETS & & & & & \\\\ \\hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\\\ \\hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\\\ \\hline Securities: & & & & & \\\\ \\hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\\\ \\hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\\\ \\hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\\\ \\hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\\\ \\hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\\\ \\hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\\\ \\hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\\\ \\hline Cash and due from banks & & 83,228 & & & & & \\\\ \\hline Accrued interest and other assets & & 687,894 & & & & & \\\\ \\hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\\\ \\hline Total assets & $ & 7,167,100 & & & & & \\\\ \\hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\\\ \\hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\\\ \\hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\\\ \\hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\\\ \\hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\\\ \\hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\\\ \\hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\\\ \\hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\\\ \\hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\\\ \\hline Other borrowings & & 66 & & & & — & & — & \\\\ \\hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\\\ \\hline Noninterest bearing deposits & & 1,381,120 & & & & & \\\\ \\hline Accrued expenses and other liabilities & & 101,478 & & & & & \\\\ \\hline Total liabilities & & 6,313,030 & & & & & \\\\ \\hline Shareholders’ equity & & 854,070 & & & & & \\\\ \\hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\\\ \\hline Net interest income (FTE) & & & $ & 51,851 & & \\\\ \\hline Net interest margin (FTE) & & & & & 3.20 & % \\\\ \\hline Net interest spread (FTE) & & & & & 3.02 & % \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\\\ \\hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\\\ \\hline & \\\\ \\hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & Year Ended \\\\ \\hline & December 31, 2021 & & December 31, 2020 \\\\ \\hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\\\ \\hline ASSETS & & & & & & & & & & & \\\\ \\hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\\\ \\hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\\\ \\hline Securities: & & & & & & & & & & & \\\\ \\hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\\\ \\hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\\\ \\hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\\\ \\hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\\\ \\hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\\\ \\hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\\\ \\hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\\\ \\hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\\\ \\hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\\\ \\hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\\\ \\hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\\\ \\hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\\\ \\hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\\\ \\hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\\\ \\hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\\\ \\hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\\\ \\hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\\\ \\hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\\\ \\hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\\\ \\hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\\\ \\hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\\\ \\hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\\\ \\hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\\\ \\hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\\\ \\hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\\\ \\hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\\\ \\hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\\\ \\hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\\\ \\hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\\\ \\hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\\\ \\hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\\\ \\hline & \\\\ \\hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\\\ \\hline & \\\\ \\hline \\end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline & & Three Months Ended & & Year Ended \\\\ \\hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\\\ \\hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\\\ \\hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\\\ \\hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\\\ \\hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\\\ \\hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\\\ \\hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\\\ \\hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\\\ \\hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\\\ \\hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\\\ \\hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\\\ \\hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\\\ \\hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\\\ \\hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\\\ \\hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\\\ \\hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\\\ \\hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\\\ \\hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\\\ \\hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\\\ \\hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\\\ \\hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\\\ \\hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\\\ \\hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\\\ \\hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\\\ \\hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\\\ \\hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\\\ \\hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\\\ \\hline & & & & & & & & & & & & & & \\\\ \\hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\\\ \\hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\\\ \\hline \\end{table} \\begin{table}{|c|c|} \\hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\\\ \\hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\\\ \\hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.\nStock Price 4 days before: 42.0556\nStock Price 2 days before: 43.3726\nStock Price 1 day before: 43.1535\nStock Price at release: 41.0449\nRisk-Free Rate at release: 0.0004\n\nSymbol: BGS\nSecurity: B&G Foods, Inc.\nRelated Stocks/Topics: Technology|DES|CMP|VGR|VBR|IWN\nTitle: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)\nStock Price 4 days before: 31.8664\nStock Price 2 days before: 31.5722\nStock Price 1 day before: 30.5161\nStock Price at release: 30.7769\nRisk-Free Rate at release: 0.0004\n\nSymbol: HIVE\nSecurity: HIVE Blockchain Technologies Ltd.\nRelated Stocks/Topics: Markets|FNKO|CPNG|RDCM\nTitle: 7 Hidden-Gem Stocks to Buy for the Long-Term\nType: News\nPublication: InvestorPlace\nPublication Author: Faisal Humayun\nDate: 2022-01-29\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\nStock Price 4 days before: 1.87848\nStock Price 2 days before: 1.90877\nStock Price 1 day before: 1.7788\nStock Price at release: 1.89116\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: TRUP\nSecurity: Trupanion, Inc.\nRelated Stocks/Topics: Markets|ALL|CHWY|LMND\nTitle: 1 Top-Dog Pet Stock for the Long Run\nType: News\nPublication: The Motley Fool\nPublication Author: Kaustubh Deshmukh (KD)\nDate: 2022-01-29\nArticle: Pets are family, and we care for their health and happiness as such. But it's difficult for pet owners to accurately budget for the health expenses of their pets when they get sick or injured. **Trupanion** [(NASDAQ: TRUP)](https://www.nasdaq.com/market-activity/stocks/trup), a leading medical insurance provider for pets, helps pet owners eliminate the uncertainty around the cost of pet healthcare. As the company keeps growing rapidly, investors have three key reasons to take a closer look. **Pet insurance is in its early days** When Darryl Rawlings was 14, his family couldn't afford surgery for his pet dog Mitzi. Inspired by this experience, Rawlings founded Trupanion in 2000 with the mission of making the best possible medical care more affordable and accessible to pet owners. Pet insurance has grown in popularity over the past two decades, yet owners of less than 3% of the 180 million pet dogs and cats in North America have enrolled for insurance. The US and Canada are lagging behind some European counterparts such as the UK and Sweden, where 25% and 40% of pets are covered by insurance, respectively. Considering that 120 million of the pets in North America visit the vets every year, the potential market opportunity for Trupanion can be very compelling if North America's pet insurance adoption can reach even a fraction of what we see in Europe. [Young couple lovingly holding their dog.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663209%2Fhappycouplepetnewdoganimalpetowner.jpg&w=700) Image source: Getty Images. **Trupanion has built strong moat with two decades of learnings** Insurance companies succeed in part by being able to reasonably accurately forecast payouts to their customers. As an early entrant in the industry, Trupanion has a natural edge over its competition from its two decades of data on pets of different breeds, pet care expenses, and pet owners. Insights from this data help Trupanion assess the risk of each policy more precisely, and price its policies to avoid losing money.The company, with its growing understanding of pet care, is also offering more and more value to customers. Trupanion believes it offers the broadest coverage in the industry with comprehensive lifetime coverage for pets, encompassing hereditary and congenital conditions without payout limits. More and more customers are choosing Trupanion, sticking with their insurance plans, and paying more. \\begin{table}{|c|c|c|c|c|c|c|} \\hline CUSTOMER METRICS & 2016 & 2017 & 2018 & 2019 & 2020 & 2021* \\\\ \\hline Total pets enrolled (thousands) & 344 & 423 & 521 & 647 & 863 & 1,104 \\\\ \\hline Average monthly retention & 98.60% & 98.63% & 98.60% & 98.58% & 98.71% & - \\\\ \\hline Monthly avg. revenue per pet & $47.82 & $52.07 & $54.34 & $57.52 & $60.37 & - \\\\ \\hline \\end{table} SOURCE: Company earnings release. (*2021 numbers are from Jan thru Sep 2021) The company has developed strong relationships with veterinarians, whose credibility makes customers likelier to enroll when vets recommend Trupanion's services. Trupanion has a dedicated sales staff working with vets, and offers those vets a patented software platform to the vets that streamlines the financial aspects of pet healthcare for vets and owners alike. The software can send vets offices direct insurance payments right when customers check out, eliminating extra paperwork and saving everyone time and effort. It also provides vets all the relevant information about the pet in question and its past treatments, claims, and preexisting conditions. Vets and owners can review various treatment options, and make an informed decision for the next course of action. These benefits have helped Trupanion establish a strong competitive moat.Trupanion has translated its early lead and large market opportunity into rapid revenue growth. At the end of the third quarter, Trupanion reached 1.1 million total enrolled pets, up 37% year over year. Over the first nine months of 2021, the company grew revenue 40% year over year, reaching $504.6 million. Trupanion has now grown revenue more than 20% for 56 consecutive quarters. **Long-term vision and efficient execution for continued success** Trupanion has a leading position in its industry, but it faces growing competition. There are established competitors such as **Nationwide Insurance** and **Allstate**, emerging competitors such as **Lemonade**, and specialized smaller pet insurance providers such as Healthy Paws.Trupanion will have to keep reinventing its business and execute with a clearly defined long-term strategy to fend off the competition. Founder-CEO Rawlings has laid out a five-year plan that aims for $1.5 billion in annual revenue by 2025. To attain this goal, Trupanion plans to expand its partnerships, enter international markets, develop additional types of pet insurance more suitable to different segments of customers, and also introduce new product categories such as pet food and GPS devices for locating pets. The company recently partnered with the popular online pet food and services company **Chewy**, letting Chewy's 20 million customers buy Trupanion's insurance plans on Chewy's website. Although the two companies haven't disclosed the details of the partnership, it gives Trupanion access to a very large cohort of potential customers.Investors should remember that Trupanion is not profitable yet as the company continues to invest in technology, sales, and marketing to drive growth. For the first nine months of 2021, Trupanion spent 20.4% of its revenue in operating expenses, compared to 16.7% for the same period last year. As a result, the net loss margin worsened to about 6% from less than 1%, and the company burned $6.2 million in cash, after posting $13.2 million in free cash flow in the year-ago period. Although its losses are fairly low at this moment, investors should keep a close eye on Trupanion's operating expenses and move toward profitability. **The current pullback may be an opportunity** Similar to many high-flying growth stocks, Trupanion's shares have taken a beating as part of the larger market sell-off, down about 50% from their highs in November 2021. Even so, shares are trading at a price-to-sales valuation of around 5.6, still at the high end of its previous trading range. However, Trupanion's record of growth, its position in the industry, and the long runway in front of it likely justify that premium. Now may be a good time for long-term investors to add this strong business to their portfolio.[](https://ycharts.com/companies/TRUP/chart/)[TRUP PS Ratio](https://ycharts.com/companies/TRUP/ps_ratio) data by [YCharts](https://ycharts.com/)**10 stocks we like better than Trupanion** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c858cfe4-9a4f-43d8-b3d7-4d8b7e2dd9c9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTrupanion&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=b44921ec-aab5-4ad4-baef-67a3d8c18251) for investors to buy right now... and Trupanion wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c858cfe4-9a4f-43d8-b3d7-4d8b7e2dd9c9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTrupanion&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=b44921ec-aab5-4ad4-baef-67a3d8c18251)*Stock Advisor returns as of January 10, 2022 [Kaustubh Deshmukh (KD)](https://boards.fool.com/profile/CMFPuraVida/info.aspx) owns Chewy, Inc. and Lemonade, Inc. The Motley Fool owns and recommends Chewy, Inc., Lemonade, Inc., and Trupanion. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 92.7197\nStock Price 2 days before: 92.8452\nStock Price 1 day before: 85.5163\nStock Price at release: 88.174\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":89.6741,"string":"89.6741"}}}],"truncated":false,"partial":true},"paginationData":{"pageIndex":2,"numItemsPerPage":100,"numTotalItems":37219,"offset":200,"length":100}},"jwt":"eyJhbGciOiJFZERTQSJ9.eyJyZWFkIjp0cnVlLCJwZXJtaXNzaW9ucyI6eyJyZXBvLmNvbnRlbnQucmVhZCI6dHJ1ZX0sImlhdCI6MTc0MzA2MzU0MCwic3ViIjoiL2RhdGFzZXRzL25iZXR0ZW5jb3VydC9zYzQ1NGstcHJlcHJvY2Vzc2VkLWRmcyIsImV4cCI6MTc0MzA2NzE0MCwiaXNzIjoiaHR0cHM6Ly9odWdnaW5nZmFjZS5jbyJ9.-y8Ls_gkofz8UtfrPGQgMpQ6diMYmWuQV92od6KPo86CfkCy0QV4sPK9xHBOWSZrtVsdUDlqlGRo4LQlj4TPCw","displayUrls":true},"discussionsStats":{"closed":0,"open":1,"total":1},"fullWidth":true,"hasGatedAccess":true,"hasFullAccess":true,"isEmbedded":false}">
)
 (SPAC) before SPACs became a hot commodity. Still, post-business combination [SPACs have underperformed benchmark indices](https://www.indxx.com/indices/thematic/indxx-spac--nextgen-ipo-index-tr) over the trailing year. Overall, WTRH stock truly demonstrates the risks involved with merging with shell companies. The equity unit is down almost 95% against its $10 initial offering price.However, is there an outside chance that WTRH stock could be worth something for the speculator? Suffering a 25% YTD loss, the situation doesn’t look good. However, mitigation protocols to address the omicron threat makes going to restaurants a bit of a drag. More critically, according to experts, a possibility still exists that a [highly infectious and deadly variant could emerge](https://www.msn.com/en-us/health/medical/more-infectious-than-omicron-deadly-like-delta-ucsd-doc-on-possibilities-for-future-covid-variants/ar-AASXuOU?ocid=msedgntp).That said, I don’t want to think about it and that’s the point. WTRH stock is one of the penny stocks that largely only has a cynical thesis. **Boxlight (BOXL)** [Boxlight (BOXL) website under magnifying glass](https://investorplace.com/wp-content/uploads/2020/07/boxl-stock-300x169.jpg) Source: Pavel Kapysh / Shutterstock.com Billed as an [innovative education platform](https://mimio.boxlight.com/) that provides better solutions for better results, Boxlight from a bigger-picture perspective seems like one of the most compelling penny stocks available. Essentially, the company offers a holistic solution to the academic market, enabling students to learn key subjects such as STEM (science, technology, engineering, math) in an effective manner, thus improving educational outcomes for everyone.Sadly, the market doesn’t exactly feel the same way. Since the January opener, BOXL shares have dropped nearly 26%, a conspicuously steep figure even when stacked against other risky penny stocks. Over the trailing half-year period, the security has succumbed to a 48% move below parity.If you’re asking why, the issue likely stems from the omicron variant, specifically its impact on school systems. They’re shutting down, eschewing the traditional learning experience for at-home learning. It’s a tough position to be in because, in the name of safety, [we could really be damaging future generations of American workers](https://www.washingtonpost.com/outlook/2022/01/06/omicron-school-closures/). - [7 Undervalued Stocks That Won't Stay That Way for Long](https://investorplace.com/2022/01/7-undervalued-stocks-that-wont-stay-deflated/?utm_source=Nasdaq&utm_medium=referral) Furthermore, the Washington Post warned about a lost generation as research indicates [students are sliding backward](https://www.washingtonpost.com/education/students-falling-behind/2020/12/06/88d7157a-3665-11eb-8d38-6aea1adb3839_story.html). Thus, Boxlight’s relevance could spike up BOXL stock. We just don’t know when that will be. **Penny Stocks: First Graphene (FGPHF)** [A digital illustration of 3D graphene molecules.](https://investorplace.com/wp-content/uploads/2020/11/graphene-300x169.jpg) Source: Shutterstock Before we get into a discussion about First Graphene, I own a few shares of this extremely speculative idea. Therefore, take it with a grain of salt and always conduct your due diligence, especially with risky penny stocks.Although buying shares presently priced at 14 cents is not necessarily the wisest move, I was nevertheless encouraged by the underlying narrative. As one of the few legitimate research and developers of graphene-based products, First Graphene has enormous potential provided that its business strategies go according to plan. As the [strongest material known to exist](https://newscenter.lbl.gov/2016/02/08/graphene-is-strong-but-is-it-tough/#:~:text=Graphene%2C%20a%20material%20consisting%20of,extraordinary%20mechanical%20and%20electrical%20properties.), the namesake asset offers substantial additive applications.For instance, graphene-treated concrete could yield more resilient buildings and cut down on material waste. Also, concrete is a [surprising source of carbon emissions](https://www.bbc.com/news/science-environment-46455844); thus, improving its durability is an environmentally accretive endeavor.If that wasn’t enough to pique your curiosity, First Graphene recently [achieved a milestone with its high-performing supercapacitor materials project](https://firstgraphene.net/graphene-based-supercapacitor-materials-deliver-85-improvement-in-energy-density-levels/), which has obvious implications for EVs and the next generation of clean transportation initiatives. It’s no wonder so many have labeled graphene as a miracle material.Still, this is a super-risky play. So only gamble with money you can afford to lose. On the date of publication, Josh Enomoto held a LONG position in FGPHF. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.The post [7 Little-Known Penny Stocks That Could Take Off Any Moment](https://investorplace.com/2022/01/7-little-known-penny-stocks-take-off-any-moment/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?\nArticle: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Best Income Stocks to Buy for January 28th\nArticle: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Boyd Gaming (BYD) Launches Sports Betting in Louisiana\nArticle: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)\n\nDate: 2022-01-28\nTitle: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y\nArticle: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)\n\n\nBroader Industry Information:\nDate: 2022-01-29\nTitle: 7 Hidden-Gem Stocks to Buy for the Long-Term\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (](](https://investorplace.com/wp-content/uploads/2020/03/shutterstock_1109209376-300x169.jpg)){kind=link}
**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates\nArticle: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-29\nTitle: Danaos Corporation Shares Climb 3.0% Past Previous 52-Week High - Market Mover\nArticle: Danaos Corporation ([DAC](https://kwhen.com/finance/profiles/DAC/summary))) shares closed 3.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 15.1% year-to-date, up 251.6% over the past 12 months, and up 136.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 74.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 10.2% higher than its 5-day moving average, 19.5% higher than its 20-day moving average, and 24.0% higher than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by 1433.3% - The company's stock price performance over the past 12 months beats the peer average by 142.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\nDate: 2022-01-29\nTitle: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks\nArticle: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This \"steepening\" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Community Trust Bancorp, Inc. Declares Its Cash Dividend\nArticle: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS\nArticle: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.\n\nDate: 2022-01-28\nTitle: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022\nArticle: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes \"forward-looking statements\" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words \"believe,\" \"anticipate,\" \"plan,\" \"expect,\" \"seek,\" \"estimate\" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading \"Risk Factors\" and \"Business Strategy\" in our Annual Report on Form 10-K (the \"Form 10-K\") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations (\"Cautionary Statements\") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \\begin{table}{|c|c|} \\hline CONTACT: & \\\\ \\hline Star Group & Chris Witty \\\\ \\hline Investor Relations & Darrow Associates, Inc. \\\\ \\hline 203/328-7310 & 646/438-9385 or cwitty@darrowir.com \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.\n\nDate: 2022-01-28\nTitle: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next\nArticle: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: TDOC\nSecurity: Teladoc Health, Inc.\nRelated Stocks/Topics: SHOP|Markets|TSLA\nTitle: 3 Cathie Wood Stocks That Could Deliver Superior Returns\nType: News\nPublication: The Motley Fool\nPublication Author: Neha Chamaria\nDate: 2022-01-29\nArticle: Cathie Wood's ARK Invest group of [exchange-traded funds](https://www.fool.com/investing/how-to-invest/etfs/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) lost substantial value in 2021, but it's not hard to see why. The famed stock investor's funds are heavily invested in growth stocks, and there has been a steady flight of money out of high-flying [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) into value stocks in recent months.Cathie Wood, however, remains unperturbed and continues to buy shares in disruptive companies. Wood has, in fact, often stressed, especially during volatile times like these, how ARK Invest invests with a five-year investment horizon in mind and how it takes advantage of market corrections to buy strong conviction stocks. Given the long-term focus and the underlying growth catalysts, here are three solid Cathie Wood stocks that could deliver big returns over time. **You can't miss this upcoming earnings report****Shopify** [(NYSE: SHOP)](https://www.nasdaq.com/market-activity/stocks/shop) shares have been hammered and are down a whopping 41% in 2022 alone so far, as of this writing. Aside from the broader market pressures, critics have also raised concerns about decelerating growth at Shopify. The thing is, e-commerce boomed during the COVID-19 pandemic as more people bought goods and services online, and many fear Shopify may not be able to sustain its growth momentum as the world returns to normalcy. Granted, Shopify said last quarter it expects revenue in 2021 to grow at a slower pace as compared with 2020, but that still doesn't justify the sharp drop in the stock price. [Two persons smiling while counting money. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663471%2Fpeople-counting-money.jpg&w=700) Image source: Getty Images. The pandemic is far from over, and even otherwise, e-commerce is a secular trend as the convenience of online shopping isn't going to wane. For its part, Shopify has built a niche within the e-commerce industry by focusing on entrepreneurs and small businesses and enabling them to set up and manage online shops. The response to Shopify's products and services so far has been nothing short of phenomenal -- its merchant count crossed 1.7 million and its gross merchandize value, or total value of sales, crossed $400 billion in the third quarter.Shopify's hunger to innovate, upgrade, and provide merchants with more facilities and features works hugely in its favor. To give you some examples, Shopify has tie-ups with nearly every social media platform, has its own logistics arm, and recently launched cross-border e-commerce services as well as a money management product for merchants. [Shopify is doing a lot more](https://www.fool.com/investing/2022/01/25/is-shopify-stock-a-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) to attract more merchants and corner a larger share of the e-commerce market. With Shopify all set to report its fourth-year numbers and provide guidance for 2022 in mid-February, it's a stock you'd want to watch closely. **A multibillion-dollar market with massive growth potential****Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc) is another compelling Cathie Wood stock that's been butchered lately – the virtual healthcare stock has halved in just the past three months. The fears are similar to but deeper than those attached with Shopify -- the COVID-19 pandemic hugely boosted the telehealth industry, and the market isn't sure how much Teladoc can grow as patients start visiting doctors and hospitals in-person again. Again, the fears are overdone and Teladoc's prospects underappreciated. Teladoc was a first-mover in the industry and is now the world's largest telehealth company. Importantly, Teladoc doesn't just offer virtual primary care but also specializes in chronic disease management, an area it entered after its big-ticket acquisition of Livongo in 2020. To expand its reach, Teladoc is now partnering with large health plan carriers and recently struck a partnership with the National Labor Alliance of Health Care Coalitions, the largest alliance of labor unions.Now to put some numbers to Teladoc's growth, it clocked an estimated 18 million visits and is estimated to have grown its revenue by nearly 85% to $2 billion in 2021. Sure, 2022 may not be as great for the company as 2021 in terms of revenue growth, but Teladoc still expects to grow revenue by compound annual rates of 25%-30% between 2021 and 2024, which means its annual revenue could cross $4 billion by 2024. Teladoc's total addressable market in the U.S. alone is worth hundreds of billions of dollars, and that alone means Teladoc's growth story may have only just started. **Cathie Wood is a fan of EVs, and the largest EV manufacturer** Given how **Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla) is the largest stock ARK Invest owns across all funds, Cathie Wood is evidently a big fan of the electric-vehicle (EV) giant. She's not wrong to be bullish about the largest EV maker in the world.[Tesla just delivered stellar numbers](https://www.fool.com/investing/2022/01/26/teslas-record-q4-in-5-must-see-takeaways/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) for its fourth quarter, reporting a 71% surge in vehicle deliveries and 65% jump in revenue year over year. It was a record quarter, with Tesla's operating profit margin almost tripling year over year to 14.7%. Tesla delivered a record number of 936,000 vehicles in 2021 despite the semiconductor chip supply crunch, and ended the quarter with $17.6 billion in cash and cash equivalents.Those are massive numbers for a company that delivered its first car barely 13 years ago, and yet, Tesla's growth potential is as strong as ever. Now there are [several EV makers out there](https://www.fool.com/investing/2022/01/23/3-top-ev-stocks-ready-for-a-bull-run/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) with promising technologies and cars, but Tesla has mastered what matters most in a complicated and capital-intensive industry like EV manufacturing -- large-scale production and the ability to add capacity to meet demand. Most importantly, Tesla also makes a profit, which is a huge milestone in the EV industry. Tesla is now not only expanding production capacity at existing factories but also trying to set up new manufacturing facilities including a gigafactory in Berlin so it can sell German-made vehicles in Europe in the near future. Tesla has the expertise, money, and resources to convert its big plans into reality even as [demand for EVs is expected to rise exponentially](https://www.fool.com/investing/2022/01/23/3-top-ev-stocks-ready-for-a-bull-run/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) in the coming years. Combined, the two factors could prove to be the biggest growth drivers for Tesla's stock price. **Find out why Shopify****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Shopify [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=177c7e03-33cf-4ec1-91be-3f463da60706&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=177c7e03-33cf-4ec1-91be-3f463da60706&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) *Stock Advisor returns as of January 10, 2022 [Neha Chamaria](https://boards.fool.com/profile/TMFNehams/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Shopify, Teladoc Health, and Tesla. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 73.1755\nStock Price 2 days before: 70.0519\nStock Price 1 day before: 67.3367\nStock Price at release: 71.8074\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":69.6886,"string":"69.6886"}}},{"rowIdx":289,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital\nArticle: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY\nArticle: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. \"Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world,\" said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), \"The World's Most Famous Building,\" owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared \"America's Favorite Building\" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.\n\nDate: 2022-01-28\nTitle: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years\nArticle: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the \"next big technology platform,\" and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \\begin{table}{|c|c|c|c|} \\hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\\\ \\hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\\\ \\hline \\end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \\begin{table}{|c|c|c|c|} \\hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\\\ \\hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\\\ \\hline \\end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Berkshire Hills Announces Quarterly Shareholder Dividend\nArticle: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [KAConn@berkshirebank.com](mailto:KAConn@berkshirebank.com) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [dgonci@berkshirebank.com](mailto:dgonci@berkshirebank.com) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.\n\nDate: 2022-01-28\nTitle: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022\nArticle: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes \"forward-looking statements\" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words \"believe,\" \"anticipate,\" \"plan,\" \"expect,\" \"seek,\" \"estimate\" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading \"Risk Factors\" and \"Business Strategy\" in our Annual Report on Form 10-K (the \"Form 10-K\") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations (\"Cautionary Statements\") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \\begin{table}{|c|c|} \\hline CONTACT: & \\\\ \\hline Star Group & Chris Witty \\\\ \\hline Investor Relations & Darrow Associates, Inc. \\\\ \\hline 203/328-7310 & 646/438-9385 or cwitty@darrowir.com \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY\nArticle: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. \"Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world,\" said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), \"The World's Most Famous Building,\" owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared \"America's Favorite Building\" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.\n\nDate: 2022-01-28\nTitle: Esperion Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)\nArticle: ANN ARBOR, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced that, on January 27, 2022, the Compensation Committee of Esperion’s Board of Directors granted four new employees (i) non-qualified stock options to purchase an aggregate of 100,450 shares of its common stock, all of which were granted to Benjamin Looker, Esq., the Company’s newly appointed General Counsel, and (ii) 204,771 restricted stock units (RSUs), 70,800 of which were awarded to Mr. Looker, under Esperion’s 2017 Inducement Equity Incentive Plan. The 2017 Inducement Equity Incentive Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Esperion (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Esperion, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The options have an exercise price of $3.65 per share, which is equal to the closing price of Esperion's common stock on January 27, 2022. Each option and RSU will vest and become exercisable as to twenty-five percent of the shares on the one-year anniversary of the recipient’s vesting commencement date, and will vest and become exercisable as to the remaining 75 percent of the shares in twelve equal quarterly installments at the end of each quarter following such anniversary, in each case, subject to each such employee's continued employment with Esperion on such vesting dates. The options and RSUs are subject to the terms and conditions of Esperion’s 2017 Inducement Equity Incentive Plan, and the terms and conditions of the stock option and RSU agreement covering the grant. **Esperion Therapeutics** Esperion works hard to make our medicines easy to get, easy to take and easy to have. We discover, develop and commercialize innovative medicines and combinations to lower cholesterol, especially for patients whose needs aren’t being met by the status quo. Our entrepreneurial team of industry leaders is inclusive, passionate and resourceful. We are singularly focused on managing cholesterol so you can improve your health easily. Esperion commercializes NEXLETOL® (bempedoic acid) and NEXLIZET® (bempedoic acid and ezetimibe) Tablets and is the leader in the development of convenient oral, once-daily non-statin LDL-cholesterol lowering drugs for patients with high levels of bad cholesterol. For more information, please visit [www.esperion.com](http://www.esperion.com/) and follow us on Twitter at [www.twitter.com/EsperionInc](http://www.twitter.com/EsperionInc). Contact:Ben Church [bchurch@esperion.com](https://www.globenewswire.com/Tracker?data=6sKfpNN4yE7HC4PotuRHvwCHDBspLlLbyA9zXiuDyOawPFpBjohz071zuaG2NCnKwTt1W9x-Mn1AmiozZZlwmImqPGevBpkckmca73IB7Zw=) 734-864-6774 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI3NCM0Njk5MzQ3IzIwMDcxNDE=) [Image](https://ml.globenewswire.com/media/NDdhNDRlYTktNjBkNS00Nzg3LWIyMTMtNTIwMzY3NzdjYWM2LTEwMTg3MTQ=/tiny/Esperion-Therapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/6af55bc4-856a-4007-b242-baeb422ba7e7) Source: Esperion Therapeutics, Inc.\n\nDate: 2022-01-28\nTitle: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline\nArticle: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)\n\nDate: 2022-01-28\nTitle: Whitestone REIT Announces Tax Characteristics of 2021 Distributions\nArticle: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \\hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\\\ \\hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\\\ \\hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\\\ \\hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\\\ \\hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\\\ \\hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\\\ \\hline \\end{table} (1) Represents additional characterization of, and is included in, \"Total Capital Gain Distribution.\" (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in \"Ordinary Dividends.\" Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [relliott@whitestonereit.com](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT\n\nDate: 2022-01-28\nTitle: Safehold Inc Shares Near 52-Week Low - Market Mover\nArticle: Safehold Inc ([SAFE](https://kwhen.com/finance/profiles/SAFE/summary))) shares closed today at 1.5% above its 52 week low of $58.08, giving the company a market cap of $3B. The stock is currently down 26.1% year-to-date, down 22.8% over the past 12 months, and up 240.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 12.2% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 665.8% - The company's stock price performance over the past 12 months lags the peer average by -254.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [editors@kwhen.com](mailto:editors@kwhen.com). © 2020 Kwhen Inc.\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Vital Farms Expands Stephanie Coon’s Role to Senior Vice President of People and Strategy\nArticle: AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today announced the expansion of Stephanie Coon’s role to Senior Vice President of People and Strategy. In this newly created role, Coon will lead Vital Farms’ People function in addition to her current team which includes Strategy, Project Management, and New Ventures. “As we think about our long-term growth opportunities, we know our one true competitive advantage is great people,” said Russell Diez-Canseco, President and CEO, Vital Farms. “As Stephanie has settled into her role, it’s become abundantly clear that she has a passion for people and culture. By combining these functions under a single leader, we’ll be unified in attracting talent that supports our growth initiatives and a culture that keeps our crew feeling engaged and inspired. All of this is critical to our success both now and in the future.” Coon joined Vital Farms in August 2021 to build and lead the Strategy function at Vital Farms. Over the past six months, she has aligned the company around organization-wide objectives that include the specific and measurable initiatives that will drive Vital Farms’ long-term growth. “I am humbled and excited by the opportunity to lead our People function,” Coon said. “Vital Farms has a values-driven and people-first culture that is truly very special. Nurturing this culture is central to everything we do across the business. I look forward to working with our passionate team to build on this strong foundation as we grow.” Coon continued, “As we continue our focus on scaling a world-class organization, this tighter link between where we are going, the processes we’ll put in place to get there, and, most importantly, how we engage, inspire, and develop our crew members is a powerful unlock for the business.” **About Vital Farms** Vital Farms, a Certified B Corporation, offers a range of ethically produced foods nationwide. Started on a single farm in Austin, Texas in 2007, Vital Farms is now a national consumer brand that works with over 250 small family farms and is the leading U.S. brand of pasture-raised eggs by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' products, including shell eggs, butter, hard-boiled eggs, ghee, Egg Bites, Breakfast Bars, and liquid whole eggs, are sold in over 18,000 stores nationwide. Vital Farms pasture-raised eggs can also be found on menus at hundreds of foodservice operators across the country. For more information, visit [www.vitalfarms.com](https://www.globenewswire.com/Tracker?data=vIKMHSwEAnLgrckUIsIMOb0rIwZ0_Rr0Mq2uRyFOOamEONQi8icyxrq_XaJI6Dld7y4j8lW02-H4Nio_soZnS4rsJlQjd6dNGE2_8cfA9W0=). **CONTACT:****Media:**Nisha Devarajan [Nisha.Devarajan@vitalfarms.com](https://www.globenewswire.com/Tracker?data=7zw8N5vTzR83yq-C4TuKDE77RqFRU6BB0EEgDP-FQhuXUwxMPmDXXx4J8mmXhTayO0jzWLCyRmccVJAPU1zfI51tkSCGF_a5DgUlnK-ElDsBz_c_jf1BwM8vjt6-dKdL) **Investors:**Matt Siler [Matt.Siler@vitalfarms.com](https://www.globenewswire.com/Tracker?data=FA3svWwZal16uoJXl7mvMkfvcMFvl8PRNcDkBIhjpppdGZ3Fm4m6OZt7ie9ZyL355v7Ar0KDfCmFbVdF21Mr4n45TVq8bsbMppaLEgKxAJE=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk1OSM0Njk4NDYyIzIxOTUyNTM=) [Image](https://ml.globenewswire.com/media/YzUxNjFmMTEtZDQ1OC00OWJjLWFlN2YtYWJkYmJhOGZiMWE0LTEyMDY4MDY=/tiny/Vital-Farms.png) Source: Vital Farms\n\nDate: 2022-01-28\nTitle: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?\nArticle: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or \"retain\", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS\nArticle: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \\begin{table}{|c|c|c|c|c|c|} \\hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\\\ \\hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\\\ \\hline \\end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)\n\nDate: 2022-01-28\nTitle: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates\nArticle: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: Markets|PFE|MRNA|BNTX\nTitle: Why Novavax Stock Surged 14% on Friday\nType: News\nPublication: The Motley Fool\nPublication Author: Eric Volkman\nDate: 2022-01-28\nArticle: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it \"will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval.\"The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than \"original\" omicron. **Now what** Novavax is certainly a scrappy competitor in the \"Global Coronavirus Vaccine Contest.\" Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 79.2871\nStock Price 2 days before: 81.0986\nStock Price 1 day before: 81.7156\nStock Price at release: 73.3745\nRisk-Free Rate at release: 0.0004\n\nSymbol: BHLB\nSecurity: Berkshire Hills Bancorp, Inc.\nRelated Stocks/Topics: Unknown\nTitle: Berkshire Hills Announces Quarterly Shareholder Dividend\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [KAConn@berkshirebank.com](mailto:KAConn@berkshirebank.com) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [dgonci@berkshirebank.com](mailto:dgonci@berkshirebank.com) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.\nStock Price 4 days before: 29.3734\nStock Price 2 days before: 29.9554\nStock Price 1 day before: 29.826\nStock Price at release: 28.9482\nRisk-Free Rate at release: 0.0004\n\nSymbol: HAIN\nSecurity: The Hain Celestial Group, Inc.\nRelated Stocks/Topics: Stocks\nTitle: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)\nStock Price 4 days before: 36.23\nStock Price 2 days before: 36.3789\nStock Price 1 day before: 36.4804\nStock Price at release: 35.3492\nRisk-Free Rate at release: 0.0004\n\nSymbol: ALGT\nSecurity: Allegiant Travel Company\nRelated Stocks/Topics: Markets|UBER\nTitle: Noteworthy Friday Option Activity: MGI, UBER, ALGT\nType: News\nPublication: BNK Invest\nPublication Author: BNK Invest\nDate: 2022-01-28\nArticle: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)\nStock Price 4 days before: 175.638\nStock Price 2 days before: 179.806\nStock Price 1 day before: 175.746\nStock Price at release: 172.408\nRisk-Free Rate at release: 0.0004\n\nSymbol: SYBT\nSecurity: Stock Yards Bancorp, Inc.\nRelated Stocks/Topics: Unknown\nTitle: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \\begin{table}{|c|c|} \\hline Contact: & T. Clay Stinnett \\\\ \\hline & Executive Vice President, \\\\ \\hline & Treasurer and Chief Financial Officer \\\\ \\hline & (502) 625-0890 \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.\nStock Price 4 days before: 60.8891\nStock Price 2 days before: 63.719\nStock Price 1 day before: 61.3696\nStock Price at release: 59.3997\nRisk-Free Rate at release: 0.0004\n\nSymbol: CYH\nSecurity: Community Health Systems, Inc.\nRelated Stocks/Topics: Stocks|UNH|UHS|HUM\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\nStock Price 4 days before: 12.6602\nStock Price 2 days before: 13.8239\nStock Price 1 day before: 12.931\nStock Price at release: 12.5023\nRisk-Free Rate at release: 0.0004\n\nSymbol: RICK\nSecurity: RCI Hospitality Holdings, Inc.\nRelated Stocks/Topics: Stocks|GES|BYD|CROX\nTitle: Boyd Gaming (BYD) Launches Sports Betting in Louisiana\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)\nStock Price 4 days before: 69.1743\nStock Price 2 days before: 71.4924\nStock Price 1 day before: 68.5673\nStock Price at release: 65.996\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: SAND\nSecurity: Sandstorm Gold Ltd.\nRelated Stocks/Topics: Markets\nTitle: Interested in NFTs and the Metaverse? 2 Cryptocurrencies to Buy and Hold Right Now\nType: News\nPublication: The Motley Fool\nPublication Author: Trevor Jennewine\nDate: 2022-01-29\nArticle: Non-fungible tokens (NFTs) are crypto assets that make it possible to bring items like artwork, video games, and other assets (both real and digital) onto a blockchain. That utility has captivated investors. Consumers spent approximately $41 billion on NFTs in 2021, according to blockchain data provider Chainalysis.Similarly, the metaverse promises to be the next big technology platform, a network of immersive virtual worlds that will blend elements of entertainment, gaming, and commerce, allowing users to engage each other and the environment. And NFTs fit perfectly into that technology. They make it possible to prove ownership and the authenticity of assets, which will be critical in the metaverse economy. With that in mind, many analysts believe the metaverse will become a [multitrillion-dollar industry](https://www.fool.com/investing/2022/01/07/monster-metaverse-stocks-buy-and-hold-for-decade/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) over the next decade, which could supercharge consumer demand for NFTs. For investors looking to cash in on those trends, several cryptocurrencies fit the bill perfectly. Here are two great examples. [Two people looking at a laptop computer screen.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663183%2Finvestor-33.jpg&w=700) Image source: Getty Images. **1. Decentraland****Decentraland** (CRYPTO: MANA) is a decentralized application (dApp) on the **Ethereum** blockchain. It features a virtual world inhabited by gamers and powered by the MANA token. Players can buy and sell parcels of digital land through the marketplace, each with unique coordinates, and wearable items like clothing, accessories, and body features for their avatars. In all cases, transactions are funded with MANA, and ownership of any item is represented as an NFT.Players can also develop and monetize their digital land with 3D content, games, and other applications, and they can interact with other avatars across the virtual world. In short, Decentraland is a sort of precursor to what the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) could be -- it's easy to imagine the platform as part of a larger network of virtual worlds in the future. But there is plenty to be excited about now. Decentraland currently ranks as the third-most-popular NFT collection in terms of transaction volume on OpenSea, which itself is the world's most popular NFT marketplace by a wide margin.As users become increasingly enamored of Decentraland -- which seems likely given the enthusiasm surrounding NFTs and the metaverse -- demand for MANA should rise. With a fixed supply of 2.6 billion tokens, rising demand should drive the price higher. That's why this cryptocurrency could be a good long-term investment, especially now that it's fallen more than 60% from its high. **2. The Sandbox****The Sandbox** [(CRYPTO: SAND)](https://www.nasdaq.com/market-activity/stocks/sand) is another Ethereum-based metaverse game featuring NFTs. The platform is powered by the SAND token, and it comprises three distinct services that allow players to build and monetize in-game assets and experiences.Specifically, VoxEdit is a modeling tool that allows users to create and animate 3D objects like people, animals, and scenery. Those objects are represented as NFTs on Ethereum. Next, the NFT marketplace allows users to buy and sell those 3D objects using the SAND token. Each block of land is also represented as an NFT, and those tokens can be used for transactions in the marketplace. Finally, the Game Maker product enables users to build monetizable games and experiences on their land without using computer code. More specifically, it's a suite of drag-and-drop tools used to position 3D objects and implement gameplay mechanics.Like Decentraland, The Sandbox has generated significant interest in the crypto community, and it ranks as the eighth-most-popular NFT collection on OpenSea in the past month. And given the easy-to-use interface, not to mention the tailwinds behind NFTs and the metaverse, The Sandbox is well-positioned to attract more players in the years ahead. As that happens, demand for SAND -- which has a finite supply of 3 billion tokens -- should rise, pushing its price higher. With the price of SAND down roughly 60% from its high, now looks like a good time to [add this digital asset to your portfolio](https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/how-to-invest-in-cryptocurrency/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6). **10 stocks we like better than Decentraland** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=97b6b379-7a81-4ec2-b008-bf9865948a20&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DDecentraland&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) for investors to buy right now... and Decentraland wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=97b6b379-7a81-4ec2-b008-bf9865948a20&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DDecentraland&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Ethereum. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 6.05767\nStock Price 2 days before: 6.0026\nStock Price 1 day before: 5.79695\nStock Price at release: 5.82478\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":7.10649,"string":"7.10649"}}},{"rowIdx":290,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates\nArticle: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: First Week of March 18th Options Trading For First Majestic Silver (AG)\nArticle: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\nDate: 2022-01-28\nTitle: Beyond Meat (BYND) Stock Sinks As Market Gains: What You Should Know\nArticle: In the latest trading session, Beyond Meat (BYND) closed at $56.54, marking a -0.04% move from the previous day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.Prior to today's trading, shares of the plant-based meat company had lost 16.07% over the past month. This has lagged the Consumer Staples sector's loss of 1.73% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Beyond Meat as it approaches its next earnings release. In that report, analysts expect Beyond Meat to post earnings of -$0.73 per share. This would mark a year-over-year decline of 114.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103.98 million, up 2% from the year-ago period.Investors should also note any recent changes to analyst estimates for Beyond Meat. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Beyond Meat currently has a Zacks Rank of #3 (Hold).The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BYND in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [Beyond Meat, Inc. (BYND): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYND&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859411/beyond-meat-bynd-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411)\n\nDate: 2022-01-28\nTitle: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know\nArticle: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast\nArticle: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \\begin{table}{|c|c|c|c|} \\hline Webcast & & & www.LTCReit.com \\\\ \\hline USA Toll-Free Number & & & 1-844-200-6205 \\\\ \\hline Canada Toll-Free Number & & & 1-833-950-0062 \\\\ \\hline Conference Access Code & & & 441550 \\\\ \\hline \\end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \\begin{table}{|c|c|c|c|} \\hline USA Toll-Free Number & & & 1-866-813-9403 \\\\ \\hline Canada Local Number & & & 1-226-828-7578 \\\\ \\hline Conference Access Code & & & 188544 \\\\ \\hline \\end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates\nArticle: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates\nArticle: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)\n\nDate: 2022-01-28\nTitle: /C O R R E C T I O N -- Bank7 Corp./\nArticle: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read \"3:00 p.m. Eastern Time\" rather than \"1:00 p.m. Eastern Time\" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) (\"the Company\"), the parent company of Oklahoma City-based Bank7 (the \"Bank\"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. \"2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services,\" said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as \"well-capitalized\" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as \"anticipate,\" \"believes,\" \"can,\" \"could,\" \"may,\" \"predicts,\" \"potential,\" \"should,\" \"will,\" \"estimate,\" \"plans,\" \"projects,\" \"continuing,\" \"ongoing,\" \"expects,\" \"intends\" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.\n\nDate: 2022-01-29\nTitle: Upstart Stock Looks Poised To Soar After Huge Pullback\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (](](https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-3-300x169.jpg)){kind=link}
 on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?\nArticle: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations\nArticle: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [press@redfin.com](mailto:press@redfin.com). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [press@redfin.com](mailto:press@redfin.com) Source: Redfin\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\n\nLast Article for Current Stock:\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: BNTX|Markets|PFE|MRNA\nTitle: 3 Things About BioNTech That Smart Investors Know\nType: News\nPublication: The Motley Fool\nPublication Author: Alex Carchidi\nDate: 2022-01-29\nArticle: As a profitable and rapidly growing biotech with a world-renowned vaccine approved for sale, **BioNTech** [(NASDAQ: BNTX)](https://www.nasdaq.com/market-activity/stocks/bntx) has left its shareholders sitting pretty. Over the past 12 months, the company -- based in Mainz, Germany -- achieved a return of around 41.4%, crushing the market's 14.6% result.More outperformance might well be in the cards for the stock, and there's a lot more to this company than its coronavirus vaccine. Its future success as an investment isn't as linked to the continuation of the pandemic as some might expect. Let's examine three things that smart investors are likely to understand about this stock. [Two scientists peer into microscopes in a laboratory.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663054%2Ftwo-scientists-sit-at-bench-using-microscopes.jpg&w=700) Image source: Getty Images. **1. Comirnaty will need to keep evolving** BioNTech's only product on the market is its Comirnaty coronavirus vaccine, which it developed jointly with the help of **Pfizer**-- and it has understandably been a blockbuster. In its third-quarter earnings report, the company estimated that it made 17 billion euros ($19.2 billion) from sales of the jab in 2021, assuming that it sold 2.5 billion doses. For reference, it brought in just 482 million euros in 2020, so the past year has yielded a bumper crop to say the least. Investors will need to check out the next earnings report on March 30 to see if revenue came in as predicted.Either way, management expects that the coronavirus will continue to be a difficult public health problem that its vaccines will be instrumental in mitigating. Therefore, it'll be necessary to keep [adapting Comirnaty](https://www.fool.com/investing/2022/01/10/why-biontech-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) to the emerging viral variants so that it remains effective. So on Jan. 25, Pfizer and BioNTech launched their clinical trial to test an omicron-specific shot.Wise investors recognize that innovation isn't easy, though. If things move more slowly than planned, it's entirely possible that the omicron variant will be history before the new version of the vaccine is ready for prime time. The risk of being too late won't necessarily be any lower if the company tries to rapidly develop an updated candidate in response to a future variant either. **2. The company is looking beyond vaccines** Smart investors know that unlike competitors such as **Novavax**, BioNTech has ambitions to be more than a vaccine maker. Aside from Comirnaty, its pipeline has only one other clinical-stage infectious disease program, its phase 1 influenza vaccine being developed with the help of Pfizer. In comparison, it has 16 clinical-stage oncology programs, five of which are in phase 2 clinical trials.In particular, its mRNA-based therapies for advanced melanoma and head and neck cancer might be on the cusp of commercialization or even on the market by 2025. Those two programs are wholly owned, which means that their success would be even bigger for shareholders. And the company also has a melanoma program and a supplementary therapy for colorectal cancer in development with privately-held Genentech.BioNTech isn't just an mRNA company, either. Though mRNA-based medicines account for all of its late-stage projects, it does have a handful of ongoing clinical investigations with its cell and antibody therapies in development. In other words, BioNTech isn't trying to become specialized in just one technology. Overall, that might make it more resilient to any obstacles for the technology that arise over time. **3. It doesn't need Pfizer's help anymore** While BioNTech had never brought a medicine to the market before its coronavirus vaccine collaboration with Pfizer, it now has the organizational infrastructure and technical know-how to develop therapies without the pharma giant's help. That doesn't mean it'll eschew teaming up with Pfizer in the future, but it does mean that smart investors are updating their mental models of what the business is capable of doing on its own.In a nutshell, expect this company to start cranking out new drugs using more and more of its newly formidable internal resources. In 2020, it spent 647 million euros on research and development whereas in the past 12 months it spent 937 million euros. Further growth of this spending is all but guaranteed as over [the next three years](https://www.fool.com/investing/2022/01/24/where-will-biontech-be-in-3-years/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) several of BioNTech's wholly owned clinical programs in oncology are likely to advance into the final stages of development. And with trailing [free cash flow ](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) of 1.2 billion euros, there's nothing to stop it from firing on all cylinders. **10 stocks we like better than BioNTech SE** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e792f304-9008-44ba-bcbc-f4fea6a998c5&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DBioNTech%2520SE&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) for investors to buy right now... and BioNTech SE wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e792f304-9008-44ba-bcbc-f4fea6a998c5&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DBioNTech%2520SE&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c)*Stock Advisor returns as of January 10, 2022 [Alex Carchidi](https://boards.fool.com/profile/TMFacarchidi/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 77.0711\nStock Price 2 days before: 80.4823\nStock Price 1 day before: 73.023\nStock Price at release: 77.1045\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":79.8103,"string":"79.8103"}}},{"rowIdx":291,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)\nArticle: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross\nArticle: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a \"golden cross\" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)\n\nDate: 2022-01-28\nTitle: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders\nArticle: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Noteworthy Friday Option Activity: MGI, UBER, ALGT\nArticle: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)\n\nDate: 2022-01-28\nTitle: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement\nArticle: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [investorrelations@centuryaluminum.com](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\nArticle: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y\nArticle: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts\nArticle: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.\n\nDate: 2022-01-28\nTitle: First Week of NKLA March 11th Options Trading\nArticle: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a \"covered call,\" they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans\nArticle: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [jcavuoto@newtekone.com](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.\n\nDate: 2022-01-28\nTitle: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)\nArticle: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \\begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \\hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\\\ \\hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\\\ \\hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\\\ \\hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\\\ \\hline \\end{table} (\"Est\" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to \"what assumptions need to be true for this stock to be under/overvalued?\" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know\nArticle: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-29\nTitle: Upstart Stock Looks Poised To Soar After Huge Pullback\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (](](https://investorplace.com/wp-content/uploads/2021/12/upstart-1600-300x169.png)){kind=link}
. The company went public through a [special purpose acquisition company (SPAC)](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) merger in 2021 and has seen unprecedented success ever since.Over the last decade, social media has permeated all our lives. There would be a few areas left where we do not see its impact. The relationship between social media and depression has been a topic of great debate. Some say that the use increases feelings such as loneliness, while others claim it makes people feel less isolated in their daily lives because they can share experiences online.Nextdoor is an interesting company looking to change the dynamic of how we use social media. It is an app that connects people in real-life neighborhoods with one another. The company provides private online networks for continued communication and updates about what’s happening near your house, helping build stronger communities. It’s a fast-growing company, expanding both locally and internationally.The third quarter [saw a 66% increase in revenue to $52.7 million](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/), and the average revenue per user increased 38% year over year to $1.61, with the majority of that increase coming from new users; the number of weekly active users (WAU) reached new heights this past quarter with a 20% year-over-year increase to 33 million. Like many social networks, Nextdoor deals with the same problems that plague platforms when they become huge. But now its position as one such service means it has more responsibility than ever before. However, with an experienced hand like [CEO Sarah Friar](https://www.linkedin.com/in/sarah-friar-922b044) at the helm, there is little cause for concern. Friar’s impressive resume includes six years as the CFO of Square and a stint as an analyst at Goldman Sachs. **McDonald’s Corp. ([MCD](https://www.nasdaq.com/market-activity/stocks/MCD)))** [MCD Stock: a McDonald's sign and logo on the side of a building](https://investorplace.com/wp-content/uploads/2019/09/mcd-stock-1600-6-300x169.jpg) Source: 8th.creator / Shutterstock.comMcDonald’s is a huge, global corporation that has been around for decades, and it still thrives today. It serves as an inspiration to many people worldwide because of its success. As such, it is perhaps one of the safest stocks out there, with consistent growth and dividend income. The global giant that is McDonald’s has [35,000 locations worldwide](https://hinative.com/es-MX/questions/18212204), and 93% of them are franchisees. This means they receive rent and royalty payments from their stores which insulated this company against any inflationary pressures.That puts McDonald’s in a great position. [The consumer price index increased at a 7% year-on-year pace last month](https://www.cnbc.com/2022/01/12/cpi-december-2021-.html), the largest increase since June 1982. Inflation is a real problem, and it is hitting home hard. Therefore, McDonald’s, traditionally seen as the food for budget-conscious consumers, will continue to thrive in this atmosphere. In an [earnings call](https://www.nasdaq.com/market-activity/earnings) McDonald’s reported a dramatic increase in profits this quarter because their menu prices have gone up while costs remained low. McDonald’s is doing a fine job of offsetting increased labor and commodity costs by raising prices on its menu.The company reported a fiscal third-quarter profit of $2.86 per share, up from last year’s figure of $2.35, and McDonald’s just announced that they are raising their forecast for systemwide sales growth in 2021. [The company’s net sales increased 14% to $6.2 billion in the quarter](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/Business.Q3-2021-results.html), surpassing expectations significantly. This is due largely to worldwide same-store sales growth of 12.7% from the year-ago period. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Despite the impressive performance and strong outlook, the stock was up just 22.1% last year. That means there is plenty of upside here that you can exploit. **Top Stocks: Caterpillar ([CAT](https://www.nasdaq.com/market-activity/stocks/CAT)))** [Image of a yellow construction vehicle with the Caterpillar (](](https://investorplace.com/wp-content/uploads/2021/11/kind-stock-1-300x169.jpg)){kind=link}
 signed into law by President Joe Biden on Monday will bring new federal investments and create jobs over five years, touching everything from bridges to broadband internet systems with its promises of improved cities around America. The world’s largest construction equipment manufacturer will, naturally, benefit from these initiatives.In the third quarter of 2021, Caterpillar announced sales and revenues that had [grown by 25% compared with $9.9 billion in 2020](https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html). The revenue increased primarily due to demand for equipment and services at higher end-user levels driving the growth. Third-quarter profits were up significantly from last year, with a whopping $2.66 per share in profit for the quarter compared to just under two dollars back then. In addition, the company bought back $1.4 billion of shares and disbursed dividends totaling $0.6 billion. Shares were up 14.47% last year, with the stock trading at 17.12 times forward price-to-earnings. **Park Hotels & Resorts ([PK](https://www.nasdaq.com/market-activity/stocks/PK)))** [a Park Hotels & Resorts (](](https://investorplace.com/wp-content/uploads/2019/10/cat-stock-300x169.jpg)){kind=link}
. Hilton’s CEO, [Christopher Nassetta](https://www.linkedin.com/in/chrisnassetta), evaluated a corporate spin-off of their $13 billion real estate portfolio. This plan was part of Hilton’s strategy to move towards an “ [asset-light model](https://www.bu.edu/bhr/2021/05/31/asset-light-business-model-strategies-for-hotels-during-the-pandemic/),” which would enable rapid international growth and take advantage of the lack of taxes on REITs or real estate investment trusts — REITs have to [distribute at least 90%](https://www.sec.gov/files/reits.pdf) of their profits as dividends, or else they will lose tax-exempt status.Owing to the nature of the pandemic, it was only natural that the hotel industry would come under fire. Revenues fell sharply in 2020, leading to a substantial loss for the hotel REIT. The situation has improved remarkably in the latest few quarters. Third-quarter highlights include a strong, positive RevPAR number that shows the company is growing steadily and returning to profitability. Funds from operations (FFO) attributable to stockholders for the quarter was $5 million — [a 112.2% improvement from second-quarter numbers](https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2021/11-03-2021-201734881). - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) The hotel REIT focuses squarely on three major markets, [New York City, Chicago, and San Francisco](https://www.costar.com/article/507460491/hotel-industry-recovery-hinges-on-demand-from-business-travelers-groups), to power its comeback further. “I’ve been in New York three times in the last couple of weeks, and the city’s coming back to life, and it’s great to see,” CEO Thomas Baltimore Jr. said in November. Meanwhile, hotel occupancy in Chicago is still high despite the overall slow down. Corporate group bookings at Park’s hotels were about 83% of 2019 levels which amounts to around 168,000 room nights citywide. **Top Stocks: AT&T ([T](https://www.nasdaq.com/market-activity/stocks/T)))** [Sign of AT&T (](](https://investorplace.com/wp-content/uploads/2019/07/PK1600-300x169.jpg)){kind=link}
. AT&T announced that [they had signed a merger agreement](https://about.att.com/story/2021/warnermedia_discovery.html) with **Discovery** (NASDAQ: [DISCA](https://investorplace.com/stock-quotes/disca-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). The two companies will now share some of their assets as part of this deal and create one “standalone global entertainment company.” As a result of the agreement, [AT&T would receive a cool $43 billion](https://about.att.com/story/2021/warnermedia_discovery.html#:~:text=Under%20the%20terms%20of%20the,representing%2071%25%20of%20the%20new) in the all-stock transaction that it will use to reduce debt and invest in broadband.AT&T plans to spend $24 billion on capital expenditures in 2022. This investment will go toward 5G and fiber broadband networks. That comes as a welcome change because the telecommunications giant could not focus squarely on this space in the last few years. AT&T [plans to cover 200 million people](https://www.cnet.com/tech/mobile/verizon-and-at-ts-c-band-5g-upgrade-from-airports-to-rollouts-the-latest-on-what-you-need-to-know/) with its 5G C-band network by year-end 2023, and they are investing to reach 30 million customer locations this coming 2025.Management cut AT&T’s dividend by half last year, but the company assured investors that it would still pay out an annual distribution. However, following cutting the payout, the company will lose its [Dividend Aristocrats status](https://investorplace.com/2022/01/3-dividend-aristocrats-yielding-over-4/?utm_source=Nasdaq&utm_medium=referral). Hence, many AT&T shareholders are left wondering whether they should keep investing in the stock moving forward. AT&T’s debt load is set to decrease after they shed some of their most lucrative divisions and use the proceeds and the savings from the dividend cut, making them more competitive with **T-Mobile** (NASDAQ: [TMUS](https://investorplace.com/stock-quotes/tmus-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Verizon** (NYSE: [VZ](https://investorplace.com/stock-quotes/vz-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). **Salesforce (CRM)** [A hand with pink painted fingernails holds a Salesforce (CRM) sticker.](https://investorplace.com/wp-content/uploads/2019/07/crm1600-300x169.jpg) Source: Bjorn Bakstad / Shutterstock.com Salesforce offers excellent customer service and helps businesses improve their marketing strategy with its powerful applications. They provide CRM (customer relationship management) services for both individual consumers and small companies and enterprise software. CRM’s software helps businesses organize and handle sales operations while also managing customer relationships.The Salesforce ecosystem and community are growing, which means that CRM functionality is expanding too. One way to increase their acquisition rates is by acquiring new companies within this space as they come along with valuable skillsets or experiences — something else important for reaching scale. Salesforce is a company that provides “ [360-degree view of customer](https://www.scnsoft.com/services/salesforce/demo-customer-profile)” services.It is the perfect alternative to **Adobe** (NASDAQ: [ADBE](https://investorplace.com/stock-quotes/adbe-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Oracle** (NYSE: [ORCL](https://investorplace.com/stock-quotes/orcl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), and **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Salesforce competitors provide various components that make them stand out from the rest and offer an excellent way to manage all aspects of customers’ needs. Salesforce has [made some of the biggest acquisitions in recent years](https://www.salesforce.com/news/stories/salesforce-acquisitions/), including Slack for $27.7 billion, Tableau at $15.7 billion, and Mulesoft for $6.5 billion. The Salesforce empire has always been about more than just CRM. They’ve used their acquisition strategy to integrate innovative technologies into the platform, which benefits every customer with exciting new features and functionality that they can’t get anywhere else. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) However, Salesforce is not doing so well recently. The stock continued its downward spiral following a new omicron coronavirus variant and a tech-specific sell-off in December. But that means a quality business with a wide moat is available at a discount. **Top Stocks: Beyond Meat (BYND)** [bynd stock](https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-3-300x169.jpg) Source: Shutterstock Beyond Meat is a company that produces plant-based substitutes for beef, pork, and poultry. The company aims to help reduce pollution from these industries while also helping people live healthier lives by eating more vegetarian meals themselves or providing them access at affordable prices. Last year, Beyond launched its [new line of chicken in Canadian and U.S restaurants](https://vegnews.com/2021/7/vegan-beyond-meat-chicken-tenders) and grocery stores across North America.Nevertheless, the stock has not done well in the last six months. That is because of sluggish sales and muted forecasts. Beyond is a company that thrives on retail sales. The [segment generates 74%](https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html) of its total revenue, while foodservice accounts for 26%. Analysts believe the key for the company is to produce their product at a lower cost to battle McDonald’s.But the value proposition is there. Millennials and Generation Z believe in a healthier diet. That leads to marketers and businesses honing on any area that could lead to a healthy lifestyle. Beyond Meat will do well in this environment.On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faizan Farooque is a contributing author for [InvestorPlace.com](http://investorplace.com/) and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. You can check out his analysis on InvestorPlace and TipRanks. The post [7 Top Stocks With 10X Potential in 2022 For Your Portfolio](https://investorplace.com/2022/01/7-top-stocks-with-10x-potential-in-2022-kind-mcd-cat-pk-t-crm-bynd/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).\n\nDate: 2022-01-28\nTitle: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders\nArticle: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-28\nTitle: Applied Industrial (AIT) Q2 Earnings & Revenues Top Estimates\nArticle: **Applied Industrial Technologies, Inc.** [AIT](https://www.nasdaq.com/market-activity/stocks/ait) has reported better-than-expected second-quarter fiscal 2022 (ended Dec 31, 2021) results. Its earnings surpassed estimates by 33.9%. This was the eighth consecutive quarter of an earnings beat. Also, sales beat the consensus estimate by 3.3%.The company’s adjusted earnings in the fiscal second quarter were $1.46 per share, outpacing the Zacks Consensus Estimate of $1.09. The bottom line increased 49% from the year-ago figure of 98 cents. **Revenue Details** In the reported quarter, Applied Industrial’s net sales amounted to $876.9 million, up 16.7% year over year. The results benefited from 16.4% growth in organic sales, 1.6% gains from acquisitions and 0.3% gain from foreign currency translation. The increase was partially offset by an adverse impact of 1.6% from one less selling day.The company’s top line surpassed the Zacks Consensus Estimate of $849 million.Applied Industrial reports revenues under two market segments. A brief discussion of the quarterly results is provided below:**Service Center-Based Distribution**’s revenues totaled $587.2 million, which contributed 67% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 13.9%. Organic sales grew 15.1% and foreign currency translation had a positive impact of 0.4%. One less selling day had an adverse impact of 1.6%. Demand was healthy in machinery, aggregates & mining, lumber & wood, food & beverage and pulp & paper markets.The **Fluid Power & Flow Control** segment generated revenues of $289.7 million, contributing 33% to net revenues in the reported quarter. The figure increased 22.9% year over year on the back of 19.3% growth in organic sales and 5.2% gain from acquisitions. One less selling day had an adverse impact of 1.6%. Businesses flourished in the technology, life sciences, off-highway mobile, chemical, utilities and machinery markets. **Applied Industrial Technologies, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart)[Applied Industrial Technologies, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart) | [Applied Industrial Technologies, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/ait)**Margin Profile** In the reported quarter, Applied Industrial’s cost of sales increased 14.3% year over year to $619.2 million. Cost of sales was 70.6% of the quarter’s net sales. Gross profit in the quarter grew 23% year over year to $257.6 million, while gross margin increased 150 basis points (bps) to 29.4%.Selling, distribution and administrative expenses (including depreciation) increased 10.5% year over year to $179.4 million. It represented 20.5% of net sales in the reported quarter compared with 21.6% in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $92.6 million, reflecting growth of 35.6%. Margin increased 150 bps to 10.6%. Interest expenses declined 9.1% year over year to $7 million. **Balance Sheet & Cash Flow** Exiting the second quarter of fiscal 2022, Applied Industrial had cash and cash equivalents of $154.8 million, down 37.4% from $247.3 million recorded in the last reported quarter. Long-term debt decreased 6.7% sequentially to $681.3 million.In the first six months of fiscal 2022, the company repaid long-term debts of $550.4 million compared with $72.3 million in the year-ago period. During the same period, the company generated net cash of $81.3 million from operating activities, reflecting a decrease of 49% from the year-ago period. Capital expenditures totaled $7.5 million, down 10.7% year over year. Free cash flow in the first six months of fiscal 2022 decreased 51.1% to $73.8 million.In the first six months of fiscal 2022, Applied Industrial rewarded shareholders with a dividend payout of $25.5 million. The amount represents growth of 2.4% year over year. Also, the company repurchased shares worth $10.1 million in the same period. Exiting the second quarter of fiscal 2022, the company is left to repurchase 353,000 shares.Concurrent with the earnings release, AIT announced that its board of directors approved a 3% hike in the quarterly dividend rate. It now stands at 34 cents per share, higher than the previous rate of 33 cents. The company will pay out the revised amount on Feb 28, 2022, to shareholders on record as of Feb 15. **Outlook** For fiscal 2022 (ending June 2022), Applied Industrial is expected to benefit from strength across industrial markets and a strong backlog level. However, supply-chain constraints and inflationary issues are concerning.The company expects total revenues to increase 11.5-12.5% year over year for fiscal 2022 (higher than 8-10% growth predicted earlier). Organic sales growth for the year is predicted to be 10.5-11.5% (higher than 7-9% growth guided earlier).EBITDA margin is expected to be 10.1-10.3% (versus 9.7-9.9% predicted earlier). Earnings per share are estimated to be $5.70-$5.90 for fiscal 2022 (versus $5.00-$5.40 guided previously). **Zacks Rank & Stocks to Consider** AIT currently carries a Zacks Rank #3 (Hold).Some better-ranked companies in the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-general-industrial-99) are discussed below. **Ferguson plc** [FERG](https://www.nasdaq.com/market-activity/stocks/ferg) presently carries a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link). Its earnings surprise in the last reported quarter was 16.82%, on average.Ferguson’s earnings estimates increased 0.1% for fiscal 2022 (ending July 2022) and 0.6% for fiscal 2023 (ending July 2023) in the past 30 days. Its shares have gained 1.8% in the past three months. **Graco Inc.** [GGG](https://www.nasdaq.com/market-activity/stocks/ggg) presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 6.58%, on average.In the past 30 days, Graco’s earnings estimates have been stable for both 2021 (results awaited) and 2022. GGG’s shares have lost 7.1% in the past three months. **Xometry, Inc.** [XMTR](https://www.nasdaq.com/market-activity/stocks/xmtr) presently carries a Zacks Rank #2. In the last reported quarter, its earnings missed the consensus estimate by 6.45%.Xometry’s bottom line estimates have decreased 1.1% for 2021 (results awaited) and decreased 25.4% for 2022 in the past 30 days. Its shares have lost 16.5% in the past three months. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AIT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Graco Inc. (GGG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GGG&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Wolseley PLC (FERG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FERG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Xometry, Inc. (XMTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=XMTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859075/applied-industrial-ait-q2-earnings-revenues-top-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule\nArticle: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \\begin{table}{|c|c|c|} \\hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\\\ \\hline \\end{table} **Conference Call Details** \\begin{table}{|c|c|} \\hline Date: & Friday, February 25th, 2022 \\\\ \\hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\\\ \\hline United States dial in: & +1-844-204-8586 \\\\ \\hline Mexico dial in: & +52-55-8880-8040 \\\\ \\hline International dial in: & +1-412-317-6346 \\\\ \\hline Participant Code: & Volaris \\\\ \\hline Replay access Code: & 10163641 \\\\ \\hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\\\ \\hline \\end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [ir@volaris.com](mailto:ir@volaris.com) **Media Contact:**Gabriela Fernández / [gabriela.fernandez@volaris.com](mailto:gabriela.fernandez@volaris.com) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (\"Volaris\" or the \"Company\") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris\n\nDate: 2022-01-28\nTitle: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?\nArticle: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)\n\n\nBroader Sector Information:\nDate: 2022-01-28\nTitle: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS\nArticle: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.\n\nDate: 2022-01-28\nTitle: Noteworthy Friday Option Activity: MGI, UBER, ALGT\nArticle: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)\n\nDate: 2022-01-28\nTitle: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst\nArticle: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: \"Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®.\" Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome (\"LEMS\") was approved in 2018 by the U.S. Food & Drug Administration (\"FDA\"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission (\"SEC\"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [mcoleman@catalystpharma.com](mailto:mcoleman@catalystpharma.com) Media Contact David Schull Russo Partners (858) 717-2310 [david.schull@russopartnersllc.com](mailto:david.schull@russopartnersllc.com)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.\n\nDate: 2022-01-28\nTitle: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\nArticle: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics\n\nDate: 2022-01-28\nTitle: Community Trust Bancorp, Inc. Declares Its Cash Dividend\nArticle: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.\n\n\nInformation Potentially Indicating Significant Market Movement Related to Current Stock:\n\nLast 8 Articles for Current Stock:\nSymbol: HLIT\nSecurity: Harmonic Inc.\nRelated Stocks/Topics: Stocks|CRUS|META|GOOGL\nTitle: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?\nType: News\nPublication: Zacks\nPublication Author: Zacks Equity Research\nDate: 2022-01-28\nArticle: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)\nStock Price 4 days before: 10.3218\nStock Price 2 days before: 10.5292\nStock Price 1 day before: 10.2953\nStock Price at release: 10.125\nRisk-Free Rate at release: 0.0004\n\nSymbol: CRON\nSecurity: Cronos Group Inc.\nRelated Stocks/Topics: Unknown\nTitle: Cronos Group Provides Bi-Weekly MCTO Status Update\nType: Press Release\nPublication: Symbol Press Release\nPublication Author: Symbol\nDate: 2022-01-28\nArticle: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [Investor.relations@thecronosgroup.com](mailto:Investor.relations@thecronosgroup.com) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.\nStock Price 4 days before: 3.37541\nStock Price 2 days before: 3.51055\nStock Price 1 day before: 3.42743\nStock Price at release: 3.33572\nRisk-Free Rate at release: 0.0004\n\nSymbol: PACK\nSecurity: Ranpak Holdings Corp.\nRelated Stocks/Topics: Markets\nTitle: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?\nType: News\nPublication: The Motley Fool\nPublication Author: Jon Quast\nDate: 2022-01-28\nArticle: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its \"selling, general, and administrative\" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 25.7735\nStock Price 2 days before: 27.8086\nStock Price 1 day before: 25.6377\nStock Price at release: 24.1238\nRisk-Free Rate at release: 0.0004\n\nSymbol: NVAX\nSecurity: Novavax, Inc.\nRelated Stocks/Topics: PODD|US Markets|IMAB\nTitle: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX\nType: News\nPublication: MTNewswires\nPublication Author: MT Newswires\nDate: 2022-01-28\nArticle: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.\nStock Price 4 days before: 85.0368\nStock Price 2 days before: 79.7107\nStock Price 1 day before: 80.5899\nStock Price at release: 75.0\nRisk-Free Rate at release: 0.0004\n\n\nLast Article for Current Stock:\nSymbol: AMC\nSecurity: AMC Entertainment Holdings, Inc.\nRelated Stocks/Topics: CNK|Markets|MCS|DIS|NFLX|AMZN\nTitle: Why Movie Theaters Could Be the Next Big Acquisition Target\nType: News\nPublication: The Motley Fool\nPublication Author: Collin Brantmeyer\nDate: 2022-01-29\nArticle: After a [flurry of acquisitions in the gaming industry](https://www.fool.com/investing/2022/01/18/why-activision-blizzard-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), investors looking to get ahead of future deals may be wondering which industry faces consolidation next. The answer could lie in movie theaters. ****Decree decreased****In 1948, the Supreme Court ruled in United States v. Paramount Pictures, Inc. that studios cannot own theaters due to antitrust laws. However, a federal judge granted The Department of Justice's motion to lift the \"Paramount Decree\" on August 7, 2020, starting a two-year sunset termination period. After the decree ends in August 2022, movie studios like **Disney** [(NYSE: DIS)](https://www.nasdaq.com/market-activity/stocks/dis) may look to enter the theatrical distribution business the quickest way possible: acquiring movie theater operators. [Smiling people watch a movie in a theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663617%2Fpeople-watching-movie-theater.jpeg&w=700) Image source: Getty Images. But why would studios acquire cineplexes when streaming is on the rise and brick-and-mortar movie exhibitors are struggling? For starters, blockbusters likeSpider-Man: No Way Home are still making money at the box office -- raking in $1.69 billion worldwide to date. And instead of making 55% to 60% of the gross ticket sales, a studio could take the full 100%. Just 1% extra on a billion-dollar blockbuster would earn a studio an extra $10 million.Alternatively, streaming services could get creative with their subscriptions by releasing blockbusters early or including tickets as part of its value proposition. Notably, **Amazon.com** and **Netflix** [(NASDAQ: NFLX)](https://www.nasdaq.com/market-activity/stocks/nflx) don't have to comply with the \"Paramount Decree\" because \"they didn't exist when the decrees were signed.\" In fact, Netflix already purchased Grauman's Egyptian Theatre in 2020. Disney purchased the El Capitan Theatre in the 1980s, but that required court proceedings at the time of purchase -- which will no longer be the case come August. ****Potential targets******AMC Entertainment** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) is the world's largest cinema chain, owning roughly 950 theatres, and its enterprise value -- deserved or not -- reflects that at roughly $16.7 billion. AMC gains some competitive advantage from its broader reach in international markets compared to its competitors, with approximately a third of its theatres in Europe and the Middle East. Since most blockbusters gross more money internationally -- Spider Man: No Way Homehas made roughly 57% of its box office returns outside of the U.S. -- AMC may be a more attractive target than its domestically concentrated competitors. Outside of AMC, publicly traded movie theater companies like **Cinemark** [(NYSE: CNK)](https://www.nasdaq.com/market-activity/stocks/cnk) and **The Marcus Corporation** [(NYSE: MCS)](https://www.nasdaq.com/market-activity/stocks/mcs) have been struggling over the past couple of years -- largely because of the pandemic.Cinemark, at a $5.1 billion enterprise value, is a pure movie theater play, owning 524 theatres in the U.S. and Latin America. The Marcus Corporation, at a $1 billion enterprise value, owns or operates 85 theatres primarily in the Midwestern United States, but also owns or manages 19 hotels. Unlike [AMC's \"meme stock\" rise](https://www.fool.com/investing/2021/12/22/why-meme-stock-amc-entertainment-may-have-an-ongoi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), both Cinemark and The Marcus Corporation have seen their stocks cut in nearly half since the beginning of the pandemic, making both attractive to potential acquirers. ****Why it might not happen****The movie theater business is in decline, and the top chains carry massive debt. Cinemark's total debt has ballooned from $2 billion to $3.9 billion over the past three years. And while AMC has been able to pay down some of its nearly $11 billion total debt by issuing more than 400 million new shares over the last two fiscal years, it still might be a tough pill for an acquirer to swallow.Even before the pandemic, the theater industry sold 200 million fewer domestic tickets in 2019 compared to its highs in the early oughts. While movie theaters have been raising prices for years to compensate for the drop in ticket sales, there are no guarantees that moviegoers will return, especially as the pandemic seemingly continues into its third year. In fact, when CivicScience recently polled 60,000 Americans, 71% responded that they preferred watching something at home over going out to a movie.Still, as streaming grows in popularity, studios covet box office sales. This year, HBO Max ended same-day releases for its Warner Bros. theatrical releases, creating a 45-day window of theatrical exclusivity. No example may be more telling than Paramount delaying the release of Top Gun: Maverickfive times -- while reportedly refusing to sell the film to AppleTV+ and Netflix -- to see that its tentpole franchise has the opportunity to have a proper box office run. ****What's next****If movie theaters are able to replicate the success of Spider Man: No Way Homein the first half of 2022 with slated blockbuster releases like The Batmanand Top Gun: Maverick, don't be surprised if studios like Disney or the [soon-to-be Warner Bros. Discovery](https://www.fool.com/investing/2021/07/29/2-big-changes-happening-at-hbo-max/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) can't resist a larger piece of their billion-dollar franchises' pie. Watch their actions closely after the \"Paramount Decree\" sunsets in August -- or even sooner, if Amazon and Netflix want to take advantage of a loophole.As far as the most likely target, Cinemark appears to be the most attractive. While Cinemark doesn't offer the market penetration of AMC, its presence in Latin America could be attractive as Latin influences on Hollywood grow. And each Cinemark theatre works out to $9.7 million of the company's enterprise value -- the best and lowest per-theater value among its competitors. **10 stocks we like better than Cinemark Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) for investors to buy right now... and Cinemark Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Collin Brantmeyer](https://boards.fool.com/profile/CMFMoneyBall/info.aspx) owns Amazon, Netflix, and Walt Disney. The Motley Fool owns and recommends Amazon, Netflix, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\nStock Price 4 days before: 15.9\nStock Price 2 days before: 15.9473\nStock Price 1 day before: 14.2546\nStock Price at release: 14.5698\nRisk-Free Rate at release: 0.0004\n"},"weighted_avg_720_hrs":{"kind":"number","value":17.502,"string":"17.502"}}},{"rowIdx":299,"cells":{"text":{"kind":"string","value":"Broader Economic Information:\nDate: 2022-01-28\nTitle: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates\nArticle: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline\nArticle: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How\nArticle: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)\n\nDate: 2022-01-28\nTitle: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates\nArticle: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the \"Investors\" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \\begin{table}{|c|c|} \\hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\\\ \\hline \\end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.\n\nDate: 2022-01-28\nTitle: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates\nArticle: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)\n\n\nBroader Industry Information:\nDate: 2022-01-28\nTitle: VAALCO Energy Declares Initial Quarterly Dividend\nArticle: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (\"**VAALCO**\" or the \"**Company**\")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, \"In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value.\" \\begin{table}{|c|c|} \\hline For Further Information & \\\\ \\hline & \\\\ \\hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\\\ \\hline Website: & www.vaalco.com \\\\ \\hline & \\\\ \\hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\\\ \\hline Al Petrie / Chris Delange & \\\\ \\hline & \\\\ \\hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\\\ \\hline Ben Romney / Jon Krinks/ James Husband & VAALCO@buchanan.uk.com \\\\ \\hline \\end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.\n\nDate: 2022-01-29\nTitle: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks\nArticle: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This \"steepening\" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).\n\nDate: 2022-01-28\nTitle: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\nArticle: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics\n\nDate: 2022-01-28\nTitle: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next\nArticle: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\n\nDate: 2022-01-29\nTitle: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today\nArticle: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (](](https://investorplace.com/wp-content/uploads/2021/11/shutterstock_1019880574-300x169.png)){kind=link}
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Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: First Week of AMBA March 11th Options Trading
Article: Investors in Ambarella, Inc. (Symbol: AMBA) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AMBA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $120.00 strike price has a current bid of $10.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $109.60 (before broker commissions). To an investor already interested in purchasing shares of AMBA, that could represent an attractive alternative to paying $123.79/share today. Because the $120.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=put&contract=120.00). Should the contract expire worthless, the premium would represent a 8.67% return on the cash commitment, or 75.32% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Ambarella, Inc., and highlighting in green where the $120.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $11.80. If an investor was to purchase shares of AMBA stock at the current price level of $123.79/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.55% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AMBA shares really soar, which is why looking at the trailing twelve month trading history for Ambarella, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AMBA's trailing twelve month trading history, with the $130.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $130.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=call&contract=130.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.53% boost of extra return to the investor, or 82.84% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 100%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $123.79) to be 63%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: U.S. Steel (X) Earnings Miss Estimates in Q4, Revenues Top
Article: **United States Steel Corporation** [X](https://www.nasdaq.com/market-activity/stocks/x) logged a profit of $1,069 million or $3.75 per share in fourth-quarter 2021, surging from a profit of $49 million or 22 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were $3.64 per share. The figure missed the Zacks Consensus Estimate of $4.56. Revenues climbed around 119% year over year to $5,622 million in the reported quarter. It surpassed the Zacks Consensus Estimate of $5,483.7 million. The company benefited from a surge in prices and higher overall steel shipments in the quarter. Total steel shipments climbed around 18% year over year in the quarter. **United States Steel Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart)[United States Steel Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart) | [United States Steel Corporation Quote](https://www.nasdaq.com/market-activity/stocks/x) ******Segment Highlights****Flat-Rolled:**The segment recorded a profit of $890 million in the fourth quarter compared with a loss of $73 million in the year-ago quarter.Steel shipments in the segment fell roughly 10% year over year to 2,032,000 tons and average realized price per ton in the unit was $1,432, up around 96% year over year. **Mini Mill:**The company added the segment after Jan 15, 2021 with the purchase of the remaining stake in Big River Steel. The segment recorded a profit of $366 million in the quarter. Shipments were 559,000 tons while average realized price per ton was $1,490. **U.S. Steel Europe:** The segment posted profits of $269 million, up from $36 million in the year-ago quarter. Shipments in the segment rose around 22% year over year to 1,028,000 tons. Average realized price per ton for the unit was $1,075, up around 65% year over year. **Tubular:**The segment posted a profit of $30 million against a loss of $32 million in the year-ago quarter. Shipments rose roughly 72% year over year to 127,000 tons. Average realized price per ton for the unit was $1,968, up roughly 55% year over year. **FY21 Results** Earnings for full-year 2021 were $14.88 per share compared with a loss of $5.92 per share a year ago. Net sales shot up 108% year over year to $20,275 million. **Financials** At the end of 2021, the company had cash and cash equivalents of $2,522 million, up around 27% year over year. Long-term debt fell roughly 18% year over year to $3,863 million.The company repurchased shares worth $150 million during the fourth quarter under the $300 million stock buyback authorization announced in October 2021. Its board also authorized a new $500 million buyback program, which is expected to commence in the first quarter of 2022. **Outlook** The company noted that it entered 2022 from a position of strength and remains focused on continuing its disciplined approach to creating shareholder value. It expects 2022 to be another strong year for the company. Its balance sheet has been transformed and its capital allocation priorities have enhanced direct returns to shareholders, U.S. Steel noted. **Price Performance** The company’s shares are down 0.8% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/steel-producers-176)’s 28.5% rise. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/46/16803.jpg?v=1882421836) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** U.S. Steel currently carries a Zacks Rank #2 (Buy).Other top-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [United States Steel Corporation (X): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=X&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858838/u-s-steel-x-earnings-miss-estimates-in-q4-revenues-top?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Relative Strength Alert For Astec Industries
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Astec Industries, Inc. (Symbol: ASTE) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $61.39 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at ASTE's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ASTE shares:[Astec Industries, Inc. 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, ASTE's low point in its 52 week range is $50.29 per share, with $80 as the 52 week high point — that compares with a last trade of $61.83. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Broader Sector Information:
Date: 2022-01-28
Title: Relative Strength Alert For Astec Industries
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Astec Industries, Inc. (Symbol: ASTE) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $61.39 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at ASTE's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ASTE shares:[Astec Industries, Inc. 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, ASTE's low point in its 52 week range is $50.29 per share, with $80 as the 52 week high point — that compares with a last trade of $61.83. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Date: 2022-01-28
Title: Canadian Pacific (CP) Q4 Earnings Lag Estimates
Article: Canadian Pacific (CP) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.32%. A quarter ago, it was expected that this railroad would post earnings of $0.75 per share when it actually produced earnings of $0.70, delivering a surprise of -6.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Canadian Pacific, which belongs to the Zacks Transportation - Rail industry, posted revenues of $1.62 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.35%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Canadian Pacific shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Canadian Pacific?**While Canadian Pacific has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CP/earnings-calendar), the estimate revisions trend for Canadian Pacific: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $1.6 billion in revenues for the coming quarter and $3.12 on $6.78 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Rail is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Transportation sector, Costamare (CMRE), has yet to report results for the quarter ended December 2021.This shipping company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of +263%. The consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level.Costamare's revenues are expected to be $274.48 million, up 130.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [Canadian Pacific Railway Limited (CP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CP&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [Costamare Inc. (CMRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858689/canadian-pacific-cp-q4-earnings-lag-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689)
Date: 2022-01-28
Title: Investing in Home Bancorp (NASDAQ:HBCP) a year ago would have delivered you a 43% gain
Article: These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the **Home Bancorp, Inc.** (NASDAQ:HBCP) share price is up 39% in the last 1 year, clearly besting the market return of around 3.7% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! The longer term returns have not been as good, with the stock price only 13% higher than it was three years ago.So let's assess the underlying fundamentals over the last 1 year and see if they've moved in lock-step with shareholder returns. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Home Bancorp was able to grow EPS by 146% in the last twelve months. It's fair to say that the share price gain of 39% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about Home Bancorp as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 6.96.The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/45714963-earnings-per-share-growth-1-dark/1643373089269) NasdaqGS:HBCP Earnings Per Share Growth January 28th 2022We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This **free** interactive report on Home Bancorp's [earnings, revenue and cash flow](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past) is a great place to start, if you want to investigate the stock further. **What About Dividends?**As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Home Bancorp, it has a TSR of 43% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! **A Different Perspective** We're pleased to report that Home Bancorp shareholders have received a total shareholder return of 43% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 5%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered [2 warning signs for Home Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) (1 doesn't sit too well with us!) that you should be aware of before investing here.If you like to buy stocks alongside management, then you might just love this **free** [list of companies. (Hint: insiders have been buying them).](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875069&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTA2OTo1NjlmNGYyYzZmMWI4MWUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: 36 of the Best Ideas Companies to Present at the 2nd Annual Winter Wonderland Virtual Investor Conference on February 8th - 11th, 2022
Article: **RALEIGH, NC / ACCESSWIRE / January 28, 2022 /**The Winter Wonderland Best Ideas Virtual Investor Conference will take place on February 8th - 11th, 2022, where 36 SmallCap, MicroCap and NanoCap public companies will be presenting via virtual webcast to a global investor audience.The virtual conference begins on Tuesday, February 8th, 2022, with company presentations beginning at 8:30 am Eastern Time. Presentations will be webcast on Tuesday and Wednesday (February 8th and 9th) with 1x1 Meetings being held on Thursday and Friday (February 10th and 11th).Join us for a full two days of presentations that were nominated by qualified investors as a "Best Idea." A preliminary agenda is located here: [https://microcaprodeo.com/agenda](https://pr.report/mpH9-vND) If you would like to attend and participate in the 2nd Annual Winter Wonderland Best Ideas Virtual Conference, please register here to listen to every webcast directly on the website and book 1x1 meetings with presenting companies: [https://microcaprodeo.com/signup](https://pr.report/NC6FEne0) Full event website: [https://microcaprodeo.com/](https://pr.report/-DpdcrWn) On Tuesday February 8th and Wednesday February 9th, the following issuers will be presenting their companies virtually. \begin{table}{|c|c|} \hline Organization & Ticker \\ \hline Achieve Life Sciences & ACHV \\ \hline AgriFORCE Growing Systems Ltd. & AGRI \\ \hline Alimera Sciences & ALIM \\ \hline Aspira Women's Health & AWH \\ \hline Assertio Holdings, Inc. & ASRT \\ \hline Biolase & BIOL \\ \hline Charah Solutions & CHRA \\ \hline Data Storage Corporation & DTST \\ \hline Duos Technologies, Inc. & DUOT \\ \hline Fortress Biotech & FBIO \\ \hline Genasys Inc. & GNSS \\ \hline Greenbox POS & GBOX \\ \hline iCAD & ICAD \\ \hline Issuer Direct Corporation & ISDR \\ \hline LifeMD, Inc, & LFMD \\ \hline Medexus Pharmaceuticals, Inc. & TSXV: MDP, OTCQX: MEDXF \\ \hline Milestone Scientific & MLSS \\ \hline Nanalysis Scientific Corp. & NSCI \\ \hline NeuroOne Medical Technologies Corp. & NMTC \\ \hline Nova Leap Health Corp. & NLH.V \\ \hline Opera & OPRA \\ \hline ProPhase Labs, Inc. & PRPH \\ \hline PyroGenesis Canada Inc & TSX:PYR, NASDAQ:PYR \\ \hline Red Cat Propware Inc & \\ \hline Senstar & SNT \\ \hline Stran & Company, Inc. & STRN \\ \hline Tego Cyber Inc. & TGCB \\ \hline TETRA Technologies & TTI \\ \hline Trust Stamp & IDAI \\ \hline Vicinity Motor Corp. & NASDAQ:VEV \\ \hline \end{table} Please contact Angie Wright via [email](mailto:[email protected]) or at 919-228-6240 if you are interested in attending or simply register here and then select companies you are interested in meeting with in a 1x1 setting.We look forward to seeing you at the conference. **About the MicroCap Rodeo Best Ideas Conferences** The MicroCap Rodeo is back with its fourth "Best Ideas" conference. This conference is a virtual conference that brings you the top 36 best ideas. Qualified institutional investors recommended each of the 36 companies represented as one of their best ideas. Those of you who attended the 2019 MicroCap Rodeo in Austin, Texas, know that we're focused on alpha. **SOURCE:**MicroCap RodeoView source version on [accesswire.com](http://accesswire.com/): [https://www.accesswire.com/685976/36-of-the-Best-Ideas-Companies-to-Present-at-the-2nd-Annual-Winter-Wonderland-Virtual-Investor-Conference-on-February-8th--11th-2022](https://www.accesswire.com/685976/36-of-the-Best-Ideas-Companies-to-Present-at-the-2nd-Annual-Winter-Wonderland-Virtual-Investor-Conference-on-February-8th--11th-2022)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: RRBI
Security: Red River Bancshares, Inc.
Related Stocks/Topics: Stocks|PCB
Title: PCB Bancorp (PCB) Surpasses Q4 Earnings Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: PCB Bancorp (PCB) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.06%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.73, delivering a surprise of 14.06%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.PCB Bancorp, which belongs to the Zacks Banks - Southwest industry, posted revenues of $24.93 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 1.84%. This compares to year-ago revenues of $21.93 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.PCB Bancorp shares have added about 4.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for PCB Bancorp?**While PCB Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PCB/earnings-calendar), the estimate revisions trend for PCB Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.58 on $25.25 million in revenues for the coming quarter and $2.15 on $99.4 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Red River Bancshares (RRBI), has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858750) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858750) [PCB Bancorp (PCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858750) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858750) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858750/pcb-bancorp-pcb-surpasses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858750)
Stock Price 4 days before: 52.171
Stock Price 2 days before: 52.3129
Stock Price 1 day before: 51.115
Stock Price at release: 49.6387
Risk-Free Rate at release: 0.0004
| 51.1689 |
Broader Economic Information:
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: First Week of March 11th Options Trading For Stitch Fix
Article: Investors in Stitch Fix Inc (Symbol: SFIX) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SFIX options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $13.00 strike price has a current bid of $1.47. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $13.00, but will also collect the premium, putting the cost basis of the shares at $11.53 (before broker commissions). To an investor already interested in purchasing shares of SFIX, that could represent an attractive alternative to paying $14.16/share today. Because the $13.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 68%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SFIX&month=20220311&type=put&contract=13.00). Should the contract expire worthless, the premium would represent a 11.31% return on the cash commitment, or 98.27% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Stitch Fix Inc, and highlighting in green where the $13.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $17.50 strike price has a current bid of 87 cents. If an investor was to purchase shares of SFIX stock at the current price level of $14.16/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $17.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 29.73% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SFIX shares really soar, which is why looking at the trailing twelve month trading history for Stitch Fix Inc, as well as studying the business fundamentals becomes important. Below is a chart showing SFIX's trailing twelve month trading history, with the $17.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $17.50 strike represents an approximate 24% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 75%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SFIX&month=20220311&type=call&contract=17.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.14% boost of extra return to the investor, or 53.39% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 148%, while the implied volatility in the call contract example is 119%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $14.16) to be 78%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover
Article: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold
Article: Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.For instance, [fintech companies](https://www.fool.com/investing/stock-market/market-sectors/financials/fintech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) like **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst) and **Riskified** [(NYSE: RSKD)](https://www.nasdaq.com/market-activity/stocks/rskd) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology. Here's what you should know. [A person cheering in front of a laptop computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fcomputer-2.jpg&w=700) Image source: Getty Images. **1. Upstart Holdings** According to Upstart, 80% of Americans have never defaulted on a loan, yet only 48% qualify for the lowest interest rates banks offer. Management believes that discrepancy stems from a lack of data. Specifically, many of the most sophisticated credit models incorporate just 30 variables, so lenders determine loan eligibility and set interest rates based on very little information. In turn, some applicants are mistakenly approved, and others are mistakenly rejected, which means the creditworthy borrowers end up subsidizing those who default.To solve that problem, Upstart leans on big data and AI. Its platform captures over 1,600 data points per applicant then measures those variables against past repayment events to quantify risk. To that end, internal studies have shown that Upstart's AI can cut loss rates by 75% while keeping approval rates constant, or it can boost approval rates by 173% while keeping loss rates constant. Either way you measure it, that's good news for lenders.Not surprisingly, Upstart has seen strong demand. Since its IPO in December 2020, the number of banks and credit unions using its technology has tripled. Likewise, revenue skyrocketed 250% to $228 million in the most recent quarter, and net income jumped 200% to $29.1 million. Upstart is well-positioned to maintain that momentum.In October 2021, the company launched Upstart Auto Retail, an e-commerce platform for car dealerships. It allows consumers to find vehicles, check out online, and access AI-powered auto loans. So far, seven banks and 291 dealerships have adopted the product. Currently, management puts its market opportunity at $753 billion, a figure that includes all personal loans and auto loans originated in the U.S. over a 12-month period. To put that number in context, Upstart powered $8.9 billion in loans over the past year -- less than 2% of its addressable market. Moreover, Upstart can enter other markets in the future, such as student loans and mortgages. That's why this [growth stock](https://www.fool.com/investing/2022/01/19/want-137-to-199-upside-2-growth-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) looks like a smart way to invest in AI. [A person holding a credit card while browsing on a computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fpayments-2.jpg&w=700) Image source: Getty Images. **2. Riskified** Riskified is a fintech company that specializes in e-commerce fraud prevention. Legacy risk-management platforms tend to be costly and inaccurate, so valid transactions are frequently rejected, and fraudulent ones are often approved. Lost revenue due to false declines hit $443 billion in the U.S. in 2021, and fraud-related losses are expected to reach $25 billion by 2024.To fix those problems, Riskified leans on big data and AI. Compared to legacy solutions, its platform integrates more deeply with its clients' infrastructure, gathering data across any system that tracks transactions or website interactions. The company then [uses AI](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) to analyze those variables and quantify the risk of fraud, allowing it to automate the approval or denial process with 99.8% accuracy.Across its clientele -- which range from large enterprises like **Wayfair** to small businesses powered by **Shopify** -- Riskified boosts sales by approving more transactions than legacy solutions, and it reduces expenses by blocking illegitimate charges. On average, Riskified's 10-largest merchants have seen revenue rise by 8%, and fraud-related expenses fall by 39%. That's a compelling value proposition. Financially, Riskified's performance has been solid on the top line. Gross merchandise volume rose 28% to $20.9 billion in the third quarter, and revenue jumped 26% to $52.5 million. However, the company's [gross margin](https://www.fool.com/investing/how-to-invest/stocks/gross-margin/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) fell seven percentage points to 46%, due primarily to a sharp increase in chargeback expenses. To clarify, Riskified eats the cost of any fraudulent transactions that slip by its AI, categorizing those costs as chargeback expenses. In other words, Riskified's falling gross margin could be a sign that its AI models aren't working as intended.However, management provided an alternative explanation, calling attention to several new merchants in new industries. Put another way, Riskified's AI models faltered because the company lacks sufficient data in those markets, so the problem should resolve itself in time. Investors should watch this situation closely. If the company's gross margin is still falling a few quarters down the road, it might be time to sell.Alternatively, if Riskified's AI models improve with more data and gross profit growth accelerates, this $1 billion company could easily grow tenfold (or even a hundredfold) in the long run. **10 stocks we like better than Upstart Holdings, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) for investors to buy right now... and Upstart Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Shopify. The Motley Fool owns and recommends Riskified Ltd., Shopify, and Upstart Holdings, Inc. The Motley Fool recommends Wayfair and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: When Will Cryoport, Inc. (NASDAQ:CYRX) Become Profitable?
Article: With the business potentially at an important milestone, we thought we'd take a closer look at **Cryoport, Inc.'s (NASDAQ:CYRX)** future prospects. Cryoport, Inc., a life sciences services company, provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s loss has recently broadened since it announced a US$75m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$76m, moving it further away from breakeven. Many investors are wondering about the rate at which Cryoport will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.Cryoport is bordering on breakeven, according to the 9 American Medical Equipment analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$7.6m in 2023. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 66% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. [earnings-per-share-growth](https://images.simplywall.st/asset/chart/20991737-earnings-per-share-growth-1-dark/1643368006270) NasdaqCM:CYRX Earnings Per Share Growth January 28th 2022Given this is a high-level overview, we won’t go into details of Cryoport's upcoming projects, but, keep in mind that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 18% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. **Next Steps:**There are too many aspects of Cryoport to cover in one brief article, but the key fundamentals for the company can all be found in one place – [Cryoport's company page on Simply Wall St](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq). We've also put together a list of essential aspects you should look at: - **Valuation**: What is Cryoport worth today? Has the future growth potential already been factored into the price? The [intrinsic value infographic in our free research report](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#value) helps visualize whether Cryoport is currently mispriced by the market. - **Management Team**: An experienced management team on the helm increases our confidence in the business – take a look at [who sits on Cryoport’s board and the CEO’s background](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). - **Other High-Performing Stocks**: Are there other stocks that provide better prospects with proven track records? Explore our [free list of these great stocks here](https://simplywall.st/discover/investing-ideas/206/big-green-snowflakes?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgxMDpiY2M0ZWE0ZTIzOWE1Yzhl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Matthews International (MATW) Tops Q1 Earnings and Revenue Estimates
Article: Matthews International (MATW) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.04%. A quarter ago, it was expected that this casket and memorial manufacturer would post earnings of $0.73 per share when it actually produced earnings of $0.80, delivering a surprise of 9.59%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Matthews International, which belongs to the Zacks Funeral Services industry, posted revenues of $438.58 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 13.74%. This compares to year-ago revenues of $386.66 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Matthews International shares have lost about 7.3% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Matthews International?**While Matthews International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MATW/earnings-calendar), the estimate revisions trend for Matthews International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $421.5 million in revenues for the coming quarter and $2.93 on $1.7 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Funeral Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hillenbrand (HI), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 2.This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Hillenbrand's revenues are expected to be $713 million, up 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Matthews International Corporation (MATW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MATW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Hillenbrand Inc (HI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858751/matthews-international-matw-tops-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: OPKO Health (OPK) Dips More Than Broader Markets: What You Should Know
Article: OPKO Health (OPK) closed the most recent trading day at $2.87, moving -1.37% from the previous trading session. This change lagged the S&P 500's 0.54% loss on the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.Coming into today, shares of the holding company with investments in pharmaceutical and diagnostics companies had lost 41.57% in the past month. In that same time, the Medical sector lost 12.54%, while the S&P 500 lost 7.87%. OPKO Health will be looking to display strength as it nears its next earnings release. On that day, OPKO Health is projected to report earnings of -$0.03 per share, which would represent a year-over-year decline of 160%. Our most recent consensus estimate is calling for quarterly revenue of $334.6 million, down 32.35% from the year-ago period.Any recent changes to analyst estimates for OPKO Health should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 109.09% lower. OPKO Health is currently a Zacks Rank #3 (Hold).The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow OPK in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [OPKO Health, Inc. (OPK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=OPK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858741/opko-health-opk-dips-more-than-broader-markets-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: HUMA
Security: Humacyte, Inc.
Related Stocks/Topics: Unknown
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Stock Price 4 days before: 5.11041
Stock Price 2 days before: 5.49891
Stock Price 1 day before: 5.59693
Stock Price at release: 5.11435
Risk-Free Rate at release: 0.0004
Symbol: CNNE
Security: Cannae Holdings, Inc.
Related Stocks/Topics: Stocks
Title: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 29.9473
Stock Price 2 days before: 30.4906
Stock Price 1 day before: 30.2971
Stock Price at release: 28.1036
Risk-Free Rate at release: 0.0004
Symbol: PEBO
Security: Peoples Bancorp Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 32.3382
Stock Price 2 days before: 33.9808
Stock Price 1 day before: 34.0242
Stock Price at release: 32.7737
Risk-Free Rate at release: 0.0004
Symbol: BIGC
Security: BigCommerce Holdings, Inc.
Related Stocks/Topics: Unknown
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Stock Price 4 days before: 26.7489
Stock Price 2 days before: 29.1811
Stock Price 1 day before: 30.7264
Stock Price at release: 28.7417
Risk-Free Rate at release: 0.0004
Symbol: RSKD
Security: Riskified Ltd.
Related Stocks/Topics: UPST|Markets|SHOP|W
Title: Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold
Type: News
Publication: The Motley Fool
Publication Author: Trevor Jennewine
Date: 2022-01-28
Article: Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.For instance, [fintech companies](https://www.fool.com/investing/stock-market/market-sectors/financials/fintech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) like **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst) and **Riskified** [(NYSE: RSKD)](https://www.nasdaq.com/market-activity/stocks/rskd) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology. Here's what you should know. [A person cheering in front of a laptop computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fcomputer-2.jpg&w=700) Image source: Getty Images. **1. Upstart Holdings** According to Upstart, 80% of Americans have never defaulted on a loan, yet only 48% qualify for the lowest interest rates banks offer. Management believes that discrepancy stems from a lack of data. Specifically, many of the most sophisticated credit models incorporate just 30 variables, so lenders determine loan eligibility and set interest rates based on very little information. In turn, some applicants are mistakenly approved, and others are mistakenly rejected, which means the creditworthy borrowers end up subsidizing those who default.To solve that problem, Upstart leans on big data and AI. Its platform captures over 1,600 data points per applicant then measures those variables against past repayment events to quantify risk. To that end, internal studies have shown that Upstart's AI can cut loss rates by 75% while keeping approval rates constant, or it can boost approval rates by 173% while keeping loss rates constant. Either way you measure it, that's good news for lenders.Not surprisingly, Upstart has seen strong demand. Since its IPO in December 2020, the number of banks and credit unions using its technology has tripled. Likewise, revenue skyrocketed 250% to $228 million in the most recent quarter, and net income jumped 200% to $29.1 million. Upstart is well-positioned to maintain that momentum.In October 2021, the company launched Upstart Auto Retail, an e-commerce platform for car dealerships. It allows consumers to find vehicles, check out online, and access AI-powered auto loans. So far, seven banks and 291 dealerships have adopted the product. Currently, management puts its market opportunity at $753 billion, a figure that includes all personal loans and auto loans originated in the U.S. over a 12-month period. To put that number in context, Upstart powered $8.9 billion in loans over the past year -- less than 2% of its addressable market. Moreover, Upstart can enter other markets in the future, such as student loans and mortgages. That's why this [growth stock](https://www.fool.com/investing/2022/01/19/want-137-to-199-upside-2-growth-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) looks like a smart way to invest in AI. [A person holding a credit card while browsing on a computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fpayments-2.jpg&w=700) Image source: Getty Images. **2. Riskified** Riskified is a fintech company that specializes in e-commerce fraud prevention. Legacy risk-management platforms tend to be costly and inaccurate, so valid transactions are frequently rejected, and fraudulent ones are often approved. Lost revenue due to false declines hit $443 billion in the U.S. in 2021, and fraud-related losses are expected to reach $25 billion by 2024.To fix those problems, Riskified leans on big data and AI. Compared to legacy solutions, its platform integrates more deeply with its clients' infrastructure, gathering data across any system that tracks transactions or website interactions. The company then [uses AI](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) to analyze those variables and quantify the risk of fraud, allowing it to automate the approval or denial process with 99.8% accuracy.Across its clientele -- which range from large enterprises like **Wayfair** to small businesses powered by **Shopify** -- Riskified boosts sales by approving more transactions than legacy solutions, and it reduces expenses by blocking illegitimate charges. On average, Riskified's 10-largest merchants have seen revenue rise by 8%, and fraud-related expenses fall by 39%. That's a compelling value proposition. Financially, Riskified's performance has been solid on the top line. Gross merchandise volume rose 28% to $20.9 billion in the third quarter, and revenue jumped 26% to $52.5 million. However, the company's [gross margin](https://www.fool.com/investing/how-to-invest/stocks/gross-margin/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) fell seven percentage points to 46%, due primarily to a sharp increase in chargeback expenses. To clarify, Riskified eats the cost of any fraudulent transactions that slip by its AI, categorizing those costs as chargeback expenses. In other words, Riskified's falling gross margin could be a sign that its AI models aren't working as intended.However, management provided an alternative explanation, calling attention to several new merchants in new industries. Put another way, Riskified's AI models faltered because the company lacks sufficient data in those markets, so the problem should resolve itself in time. Investors should watch this situation closely. If the company's gross margin is still falling a few quarters down the road, it might be time to sell.Alternatively, if Riskified's AI models improve with more data and gross profit growth accelerates, this $1 billion company could easily grow tenfold (or even a hundredfold) in the long run. **10 stocks we like better than Upstart Holdings, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) for investors to buy right now... and Upstart Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Shopify. The Motley Fool owns and recommends Riskified Ltd., Shopify, and Upstart Holdings, Inc. The Motley Fool recommends Wayfair and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 6.12711
Stock Price 2 days before: 6.58901
Stock Price 1 day before: 6.45623
Stock Price at release: 6.27998
Risk-Free Rate at release: 0.0004
Symbol: CYRX
Security: Cryoport, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: When Will Cryoport, Inc. (NASDAQ:CYRX) Become Profitable?
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: With the business potentially at an important milestone, we thought we'd take a closer look at **Cryoport, Inc.'s (NASDAQ:CYRX)** future prospects. Cryoport, Inc., a life sciences services company, provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s loss has recently broadened since it announced a US$75m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$76m, moving it further away from breakeven. Many investors are wondering about the rate at which Cryoport will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.Cryoport is bordering on breakeven, according to the 9 American Medical Equipment analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$7.6m in 2023. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 66% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. [earnings-per-share-growth](https://images.simplywall.st/asset/chart/20991737-earnings-per-share-growth-1-dark/1643368006270) NasdaqCM:CYRX Earnings Per Share Growth January 28th 2022Given this is a high-level overview, we won’t go into details of Cryoport's upcoming projects, but, keep in mind that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 18% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. **Next Steps:**There are too many aspects of Cryoport to cover in one brief article, but the key fundamentals for the company can all be found in one place – [Cryoport's company page on Simply Wall St](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq). We've also put together a list of essential aspects you should look at: - **Valuation**: What is Cryoport worth today? Has the future growth potential already been factored into the price? The [intrinsic value infographic in our free research report](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#value) helps visualize whether Cryoport is currently mispriced by the market. - **Management Team**: An experienced management team on the helm increases our confidence in the business – take a look at [who sits on Cryoport’s board and the CEO’s background](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). - **Other High-Performing Stocks**: Are there other stocks that provide better prospects with proven track records? Explore our [free list of these great stocks here](https://simplywall.st/discover/investing-ideas/206/big-green-snowflakes?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgxMDpiY2M0ZWE0ZTIzOWE1Yzhl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 40.8771
Stock Price 2 days before: 44.3587
Stock Price 1 day before: 40.416
Stock Price at release: 36.497
Risk-Free Rate at release: 0.0004
Symbol: LKFN
Security: Lakeland Financial Corporation
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 78.1246
Stock Price 2 days before: 81.2143
Stock Price 1 day before: 81.0629
Stock Price at release: 79.7979
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: FLWS
Security: 1-800-FLOWERS.COM, Inc.
Related Stocks/Topics: Markets
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Type: News
Publication: The Motley Fool
Publication Author: Motley Fool Transcribing
Date: 2022-01-28
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. 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[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)*Stock Advisor returns as of January 10, 2022Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables accompanying the company's press release issued this morning. The company expressly disclaims any intent or obligation to update any of the forward-looking statements made in today's call, any recordings of today's call, the press release issued earlier today, or in any of its SEC filings, except as may be otherwise stated by the company. I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. 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Date: 2022-01-28
Title: Teladoc Stock Is Due for a Major Upside Reversal
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**Teladoc Health** (NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is among the pandemic-driven high-fliers on a sustained downtrend. At the height of the lockdown, investors piled into companies that would thrive in a stay-at-home and work-at-home scenario. In one year’s time, shares of the virtual healthcare services company rocketed 175% to a high of $308, made in February 2021. [A woman talks to a doctor on her laptop. telehealth stocks](https://investorplace.com/wp-content/uploads/2020/09/telehealth_1600_b-300x169.jpg) Source: fizkes/ShutterStock.comCurrently, TDOC stock is trading below $70, down 55% from early November. Teladoc cannot blame its underperformance solely on the bashing growth stocks have taken in 2022, though. Its [ambitious Livongo acquisition](https://www.businessinsider.com/teladoc-livongo-insiders-describe-how-the-merger-is-going-2021-11) will take time to meaningfully add to results, and investors are impatient. They are selling TDOC stock now and asking questions later. **Growth Fails to Lift TDOC Stock** Teladoc is a global leader in virtual healthcare with 76 million members and 10,000 providers.The company [reported third-quarter results](https://www.globenewswire.com/news-release/2021/10/27/2322122/0/en/Teladoc-Health-Reports-Third-Quarter-2021-Results.html) on Oct. 27, delivering some impressive growth. Revenue jumped 81% year over year to $522 million, while the number of visits rose 37% to more than 3.9 million. Meanwhile, management said it expects full-year revenue to be about 85% higher at just over $2 billion. It also highlighted “significant” new agreements with **CVS Health** (NYSE: [CVS](https://investorplace.com/stock-quotes/cvs-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Centene** (NYSE: [CNC](https://investorplace.com/stock-quotes/cnc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) However, the company reported a net loss of $84.3 million for Q3, more than double the loss in the year-ago quarter. That was actually better than analysts were hoping for. Yet, losses for the first nine months of 2021 ballooned 358% year over year to $417.8 million. A big part of the increase in Teladoc’s losses was due to the higher amortization of acquired intangible assets from Livongo and [InTouch Health](https://www.healthcareitnews.com/news/teladoc-completes-intouch-health-acquisition). Still, as investors turned their attention from growth to profitability, TDOC stock has suffered. **What Teladoc Needs to Prove** Teladoc expects to expand its profit margins by gaining scale. Its revenue growth demonstrates this is achievable. Increased operating leverage from its marketplace, investments from research and development, and growth in consumers and clients will raise its adjusted EBITDA over time.Growth investors should brace for the dramatic shift in market sentiment to limit or hurt the stock’s performance in the near term. Teladoc still has vested stock awards related to the Livongo merger. Shareholders realize the deal will enrich Livongo staff while hurting their holding.To justify continued investments in Teladoc, the company needs its virtual and healthcare services to keep growing. Eventually, revenue will outpace costs and stock-based compensation will ease. Moreover, Teladoc needs its business growth to accelerate despite Covid-19 lockdowns permanently easing.The company’s virtual care offers consumers a convenient way to meet their healthcare needs. Teladoc can build on that user experience. For example, it could offer a holistic solution that meets more than just a few customers’ needs. The firm’s suite of offerings includes a broad spectrum of coordinated care services. It can build on chronic care and mental health care through its virtual medical care services. Currently, referrals should sustain growth. To achieve accelerated growth, Teladoc must go to market by expanding internationally through a direct-to-consumer channel.Healthcare systems will recognize the value of its data science, which will deliver actionable insight for data providers. Furthermore, consumers are more engaged and better informed. By getting better healthcare services and health outcomes, Teladoc is a major contender in the virtual health care field. **TDOC Stock Valuation, Risks** According to Stock Rover, a quant scoring service, TDOC stock has a fair grade on quality, value and growth.[Teledoc score](https://investorplace.com/wp-content/uploads/2022/01/tdoc-stock-score.jpg) Chart courtesy of [Stock Rover](https://www.stockrover.com/why-stock-rover/?sa_author=diy_value_investing).The value score suggests Teledoc’s stock price may fall further. Eventually, though, value investors will recognize that the stock is inexpensive relative to its growth prospects for the next three to five years.The company’s expanded scope of products will keep its membership base satisfied. Its widening offerings should also help attract new consumers, boosting growth. For example, according to a [recent presentation](https://s21.q4cdn.com/672268105/files/doc_presentations/2022/01/TDOC-Investor-Presentation-January-2022.pdf), Teladoc has 76 million individuals who have access to its telemedicine solutions, plus another 16 million who have a contract for its chronic care solutions. Those 92 million members will give Teladoc a chance to cross-sell high-value products and services.As for risks, telemedicine is still a nascent field that competes with traditional in-person health care. The firm may take longer than investors hope to increase its market share. Furthermore, Teladoc risks a membership growth slowdown and may need to buy more firms or increase R&D spending to attract more customers. **The Bottom Line on TDOC Stock** In a five-year discounted cash flow revenue exit model, readers may assume the following revenue multiple: \begin{table}{|c|c|c|} \hline Metrics & Range & Conclusion \\ \hline Discount Rate & 10.0% – 8.0% & 9.0% \\ \hline Terminal Revenue Multiple & 1.0x – 2.0x & 1.5x \\ \hline Fair Value & $71.17 – $151.79 & $110.07 \\ \hline \end{table} Model courtesy of [finbox](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z).In this [interactive model](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z), adjust the revenue growth rate to re-calculate the stock’s fair value. I forecasted revenue to grow by at least 75% annually through the fiscal year 2024. This would suggest a fair value of around $110, or 58% higher than today’s price. Investors have no idea when Teladoc’s stock will stop dropping. So, consider starting with a small position first. As sentiment improves and the company gets closer to profitability, build a bigger allocation in TDOC stock. Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns.The post [Teladoc Stock Is Due for a Major Upside Reversal](https://investorplace.com/2022/01/teladoc-stock-is-due-for-a-major-upside-reversal/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Is Superior Group of Companies, Inc. (NASDAQ:SGC) Popular Amongst Insiders?
Article: A look at the shareholders of Superior Group of Companies, Inc. (NASDAQ:SGC) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.Superior Group of Companies is not a large company by global standards. It has a market capitalization of US$315m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Superior Group of Companies. [ownership-breakdown](https://images.simplywall.st/asset/chart/306113-ownership-breakdown-1-dark/1643383398246) NasdaqGM:SGC Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About Superior Group of Companies?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Superior Group of Companies does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Superior Group of Companies' earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/306113-earnings-and-revenue-growth-1-dark/1643383400691) NasdaqGM:SGC Earnings and Revenue Growth January 28th 2022Hedge funds don't have many shares in Superior Group of Companies. Looking at our data, we can see that the largest shareholder is Benstock-Superior Ltd. with 17% of shares outstanding. Wasatch Advisors Inc. is the second largest shareholder owning 6.4% of common stock, and Dimensional Fund Advisors L.P. holds about 6.3% of the company stock. In addition, we found that Michael Benstock, the CEO has 4.1% of the shares allocated to their name. On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of Superior Group of Companies** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of Superior Group of Companies, Inc.. Insiders own US$43m worth of shares in the US$315m company. This may suggest that the founders still own a lot of shares. You can [click here to see if they have been buying or selling.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Superior Group of Companies. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. **Private Company Ownership** It seems that Private Companies own 17%, of the Superior Group of Companies stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted [4 warning signs for Superior Group of Companies ](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. But ultimately **it is the future**, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at [this free report showing whether analysts are predicting a brighter future](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4NDo0NmI0MWJkMDBlYmJiYTJi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Broader Industry Information:
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: Safehold Inc Shares Near 52-Week Low - Market Mover
Article: Safehold Inc ([SAFE](https://kwhen.com/finance/profiles/SAFE/summary))) shares closed today at 1.5% above its 52 week low of $58.08, giving the company a market cap of $3B. The stock is currently down 26.1% year-to-date, down 22.8% over the past 12 months, and up 240.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 12.2% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 665.8% - The company's stock price performance over the past 12 months lags the peer average by -254.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Is Marine Products Corporation's (NYSE:MPX) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Article: Most readers would already be aware that Marine Products' (NYSE:MPX) stock increased significantly by 8.1% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Marine Products' ROE in this article.ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. **How Is ROE Calculated?****ROE can be calculated by using the formula:**Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for Marine Products is:29% = US$29m ÷ US$99m (Based on the trailing twelve months to December 2021).The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.29 in profit. **Why Is ROE Important For Earnings Growth?**So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. **Marine Products' Earnings Growth And 29% ROE** To begin with, Marine Products has a pretty high ROE which is interesting. Even when compared to the industry average of 29% the company's ROE is pretty decent. Therefore, it looks like the high ROE is what probably supported Marine Products' modest 5.1% growth over the past five years.We then compared Marine Products' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 16% in the same period, which is a bit concerning.[past-earnings-growth](https://images.simplywall.st/asset/chart/740990-past-earnings-growth-1-dark/1643377601162) NYSE:MPX Past Earnings Growth January 28th 2022Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to [check if Marine Products is trading on a high P/E or a low P/E](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), relative to its industry. **Is Marine Products Efficiently Re-investing Its Profits?** Marine Products has a significant three-year median payout ratio of 56%, meaning that it is left with only 44% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders. Additionally, Marine Products has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. **Conclusion** On the whole, we do feel that Marine Products has some positive attributes. The company has grown its earnings moderately as previously discussed. Still, the high ROE could have been even more beneficial to investors had the company been reinvesting more of its profits. As highlighted earlier, the current reinvestment rate appears to be quite low. So far, we've only made a quick discussion around the company's earnings growth. To gain further insights into Marine Products' past profit growth, check out this [visualization of past earnings, revenue and cash flows.](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIxMTo3NTIwMGRkZTg0NDk3ZjFj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Notable Friday Option Activity: CWH, SC, DDOG
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: PACK
Security: Ranpak Holdings Corp.
Related Stocks/Topics: Markets
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Type: News
Publication: The Motley Fool
Publication Author: Jon Quast
Date: 2022-01-28
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 25.7735
Stock Price 2 days before: 27.8086
Stock Price 1 day before: 25.6377
Stock Price at release: 24.1238
Risk-Free Rate at release: 0.0004
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: PODD|US Markets|IMAB
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Type: News
Publication: MTNewswires
Publication Author: MT Newswires
Date: 2022-01-28
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Stock Price 4 days before: 85.0368
Stock Price 2 days before: 79.7107
Stock Price 1 day before: 80.5899
Stock Price at release: 75.0
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: CRON
Security: Cronos Group Inc.
Related Stocks/Topics: Unknown
Title: Cronos Group Provides Bi-Weekly MCTO Status Update
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.
Stock Price 4 days before: 3.37541
Stock Price 2 days before: 3.51055
Stock Price 1 day before: 3.42743
Stock Price at release: 3.33572
Risk-Free Rate at release: 0.0004
| 3.51627 |
Broader Economic Information:
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Broader Industry Information:
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?
Article: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Arcaea, The Beauty Company Pioneering Innovation Through Expressive Biology, Announces Strategic Investment and Partnership from OLAPLEX to Deliver New Technology in Haircare
Article: **Arcaea to accelerate the beauty industry's transition from industrial chemistry to a more regenerative era driven by Expressive Biology** BOSTON, Jan. 28, 2022 /PRNewswire/ -- [Arcaea](https://c212.net/c/link/?t=0&l=en&o=3427118-1&h=1319562307&u=http%3A%2F%2Fwww.arcaea.com%2F&a=Arcaea) (Ar-kay-uh) announced OLAPLEX (NASDAQ: OLPX), an innovative, science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, to target transformation in the hair care industry, made a strategic investment in the Company during the third quarter of 2021. [](https://mma.prnewswire.com/media/1670816/Arcaea_Wordmark_Black_Logo.html) Arcaea's mission is to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling. Arcaea is initiating hair and scalp care programs to expand the tools consumers have to strengthen and protect their hair and scalp across the professional, specialty retail and direct-to-consumer channels. "We are thrilled to have OLAPLEX as a strategic partner and investor as we grow Arcaea," said Jasmina Aganovic, founder and CEO of Arcaea. "Their insight and expertise in hair care, as well as a shared desire to see new advances to improve consumer health in an industry ripe for innovation, is reflective of the shared future we want to see; and makes them an ideal partner." "Innovation is a part of our OLAPLEX brand DNA and we are committed to providing cutting edge technology that will help to solve real consumer problems," said JuE Wong, OLAPLEX president and chief executive officer. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors including Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing round brings together a mix of expertise across the value chain of the industry, and will enable Arcaea to initiate multiple technical programs across key categories in beauty to develop a pipeline of ingredients and brand launches; and create a world of previously unimaginable possibilities in beauty. **About Arcaea (Ar-kay-uh)**Arcaea, LLC (Ar-kay-uh), a company launched on the Ginkgo Bioworks platform, with the mission to build a new foundation for the beauty industry through expressive biology. Arcaea sees biology as a valuable creative tool for self expression. The company will grow new ingredients and product experiences for beauty through technology such as DNA sequencing, biological engineering, fermentation and more. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and formed under the name Kalo Ingredients LLC. **About OLAPLEX** OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building", the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand's products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX's award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels. [Cision](https://c212.net/c/img/favicon.png?sn=NY45364&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html](https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html) SOURCE Arcaea
Date: 2022-01-28
Title: First Week of WB March 11th Options Trading
Article: Investors in Weibo Corp (Symbol: WB) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the WB options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $28.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.70 (before broker commissions). To an investor already interested in purchasing shares of WB, that could represent an attractive alternative to paying $30.62/share today. Because the $28.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=put&contract=28.00). Should the contract expire worthless, the premium would represent a 4.64% return on the cash commitment, or 40.35% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Weibo Corp, and highlighting in green where the $28.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $37.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of WB stock at the current price level of $30.62/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $37.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.49% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WB shares really soar, which is why looking at the trailing twelve month trading history for Weibo Corp, as well as studying the business fundamentals becomes important. Below is a chart showing WB's trailing twelve month trading history, with the $37.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $37.00 strike represents an approximate 21% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 87%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=call&contract=37.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.65% boost of extra return to the investor, or 5.68% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 74%, while the implied volatility in the call contract example is 88%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $30.62) to be 47%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Sector Information:
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Date: 2022-01-28
Title: Arcaea, The Beauty Company Pioneering Innovation Through Expressive Biology, Announces Strategic Investment and Partnership from OLAPLEX to Deliver New Technology in Haircare
Article: **Arcaea to accelerate the beauty industry's transition from industrial chemistry to a more regenerative era driven by Expressive Biology** BOSTON, Jan. 28, 2022 /PRNewswire/ -- [Arcaea](https://c212.net/c/link/?t=0&l=en&o=3427118-1&h=1319562307&u=http%3A%2F%2Fwww.arcaea.com%2F&a=Arcaea) (Ar-kay-uh) announced OLAPLEX (NASDAQ: OLPX), an innovative, science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, to target transformation in the hair care industry, made a strategic investment in the Company during the third quarter of 2021. [](https://mma.prnewswire.com/media/1670816/Arcaea_Wordmark_Black_Logo.html) Arcaea's mission is to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling. Arcaea is initiating hair and scalp care programs to expand the tools consumers have to strengthen and protect their hair and scalp across the professional, specialty retail and direct-to-consumer channels. "We are thrilled to have OLAPLEX as a strategic partner and investor as we grow Arcaea," said Jasmina Aganovic, founder and CEO of Arcaea. "Their insight and expertise in hair care, as well as a shared desire to see new advances to improve consumer health in an industry ripe for innovation, is reflective of the shared future we want to see; and makes them an ideal partner." "Innovation is a part of our OLAPLEX brand DNA and we are committed to providing cutting edge technology that will help to solve real consumer problems," said JuE Wong, OLAPLEX president and chief executive officer. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors including Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing round brings together a mix of expertise across the value chain of the industry, and will enable Arcaea to initiate multiple technical programs across key categories in beauty to develop a pipeline of ingredients and brand launches; and create a world of previously unimaginable possibilities in beauty. **About Arcaea (Ar-kay-uh)**Arcaea, LLC (Ar-kay-uh), a company launched on the Ginkgo Bioworks platform, with the mission to build a new foundation for the beauty industry through expressive biology. Arcaea sees biology as a valuable creative tool for self expression. The company will grow new ingredients and product experiences for beauty through technology such as DNA sequencing, biological engineering, fermentation and more. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and formed under the name Kalo Ingredients LLC. **About OLAPLEX** OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building", the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand's products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX's award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels. [Cision](https://c212.net/c/img/favicon.png?sn=NY45364&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html](https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html) SOURCE Arcaea
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Tompkins Financial Corporation Reports Cash Dividend
Article: ITHACA, N.Y.--(BUSINESS WIRE)-- **Tompkins Financial Corporation (NYSE American:TMP)**Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.57 per share, payable on February 15, 2022, to common shareholders of record on February 8, 2022. The dividend amount represents an increase of $0.03 or 5.3% over the dividend paid in the first quarter of 2021.Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, and Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit [www.tompkinsfinancial.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tompkinsfinancial.com&esheet=52570219&newsitemid=20220128005042&lan=en-US&anchor=www.tompkinsfinancial.com&index=1&md5=d8508d7bdde12581d3d360fa00682dcb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005042r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005042/en/](https://www.businesswire.com/news/home/20220128005042/en/) Stephen S. Romaine, President & CEO Francis M. Fetsko, Executive VP, CFO & COO Tompkins Financial Corporation (888) 503-5753 Source: Tompkins Financial Corporation
Date: 2022-01-28
Title: This Move Could Save AMC Hundreds of Millions in Expenses
Article: **AMC Entertainment Holdings** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) has had a roller-coaster couple of years dealing with extreme ups and downs, many directly related to the pandemic. A recent move by management was made in the hopes of getting the theater chain back on track and heading upwards.AMC management has been dealing with a decline in attendance at its movie theaters for years. The issue was severely exacerbated in 2020 when its theaters were forced to close their doors for several months in response to concerns about the spread of COVID-19. [A group of people watching a movie in a movie theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662848%2Fgettyimages-688782978.jpg&w=700) Image source: Getty Images. Fortunately for AMC, the company's plight gained the interest of a group of retail traders who brought about the meme stock frenzy of 2021. AMC's share prices skyrocketed as it got caught up in the craze. Management smartly took advantage of the [elevated stock price](https://www.fool.com/investing/2021/12/17/amc-stock-buy-sell-or-hold-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) to issue new shares and raise much-needed cash.Now, management is looking to deploy that cash in a way that could save the theater chain hundreds of millions in expenses per year. **AMC has over $5.2 billion in long-term debt** According to The Wall Street Journal, AMC is in advanced talks to pay down some of its high-interest debt. In addition to selling shares to raise cash during the pandemic, AMC borrowed billions of dollars at interest rates exceeding 10%. Already, in the nine months ended Sept. 30, AMC has incurred interest expenses of $328.3 million, an increase of 40% from the $233.7 million during the same period the year prior.That's weighing heavily on a company that barely managed [$727.6 million in revenue](https://www.fool.com/investing/2022/01/17/amc-good-news-stock-price-expensive/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) in the same nine-month period. In other words, AMC's interest expenses are 45% of revenue so far in fiscal year 2021. Overall, it had $5.2 billion in long-term debt as of Sept. 30. Of that total, $1.95 billion is for loans due in 2026 bearing only 3.1% interest, a rate that management likely considers more manageable. Management's focus is on the over $2.9 billion in debt with interest rates between 10.5% and 17%. Those loans, with principal due between 2023 and 2026, generate the bulk of the company's interest expense. As of Sept. 30, AMC had $1.6 billion in cash and equivalents on its balance sheet. Other than meeting its near-term financial obligations, it's hard to imagine a better use of that cash than paying down high-interest debt.Still, the move might not go over well with AMC shareholders. They balked at the idea of allowing management to raise more equity by authorizing an increased share count, a move that would have indeed served the company well when its stock price was at its low point. The shareholders seem more excited about [moonshot ideas](https://www.fool.com/investing/2021/11/17/amc-management-trying-cryptocurrency-nft/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for AMC, like issuing non-fungible tokens (NFTs), forays into cryptocurrency, and such. Practical moves like paying down debt and reducing expenses are less enticing. **AMC's stock is already down 41% in 2022**Management has worked diligently during the pandemic, balancing the company's practical needs and maintaining shareholder interest. After all, without the billions infused by equity sales to enthusiastic investors, AMC would not have the luxury to consider paying down debt early. So it might be just as much in the company's interest for management to consider shareholders' impractical ideas as it would be to consider paying down debt.Still, the stock price is [down 41% year to date in 2022](https://www.fool.com/investing/2021/12/31/3-reasons-to-sell-amc-stock-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) as enthusiasm for the meme stock wanes. That could be why management finds this an opportune time to look after the company's practical needs with the cash it has on hand. The prospect of raising billions more through [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) sales seems like an opportunity that will realistically be available to AMC again. **10 stocks we like better than AMC Entertainment Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: SHLS
Security: Shoals Technologies Group, Inc.
Related Stocks/Topics: Stocks
Title: Shoals Technologies Group Inc - Class A Shares Close the Week 20.6% Lower - Weekly Wrap
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Shoals Technologies Group Inc - Class A ([SHLS](https://kwhen.com/finance/profiles/SHLS/summary))) shares closed this week 20.6% lower than it did at the end of last week. The stock is currently down 44.6% year-to-date, down 56.5% over the past 12 months, and down 56.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $17.15 and as low as $13.28 this week. - Trading volume this week was 18.9% lower than the 10-day average and 25.9% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 168.5% - The company's stock price performance over the past 12 months lags the peer average by 50.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 15.2658
Stock Price 2 days before: 15.6711
Stock Price 1 day before: 14.5924
Stock Price at release: 13.3765
Risk-Free Rate at release: 0.0004
| 14.218 |
Broader Economic Information:
Date: 2022-01-28
Title: First Week of April 14th Options Trading For Vir Biotechnology
Article: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: MAG
Security: MAG Silver Corp.
Related Stocks/Topics: Stocks
Title: MAG Silver Corp. Shares Fall 0.4% Below Previous 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: MAG Silver Corp. ([MAG](https://kwhen.com/finance/profiles/MAG/summary))) shares closed 0.4% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 13.3% year-to-date, down 18.8% over the past 12 months, and down 1.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 82.8% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 222.1% - The company's stock price performance over the past 12 months lags the peer average by -495.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 14.9022
Stock Price 2 days before: 14.4329
Stock Price 1 day before: 14.0193
Stock Price at release: 13.3836
Risk-Free Rate at release: 0.0004
| 16.8683 |
Broader Economic Information:
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Interface, Inc. To Broadcast Fourth Quarter and Fiscal Year 2021 Results Conference Call Over the Internet
Article: ATLANTA, Jan. 28, 2022 /PRNewswire/ -- [Interface, Inc.](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2725390234&u=https%3A%2F%2Fwww.interface.com%2FUS%2Fen-US%2Fhomepage&a=Interface%2C+Inc.) (Nasdaq: TILE) announced today that it intends to release its fourth quarter and fiscal year 2021 results on Tuesday, March 1, 2022, prior to the open of the market. Interface will host a conference call the morning of Tuesday, March 1, 2022, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Daniel T. Hendrix, Chairman and Chief Executive Officer, and Bruce A. Hausmann, Vice President and Chief Financial Officer, will host the call. [](https://mma.prnewswire.com/media/1215229/Interface_Logo.html) Certain information discussed on the conference call will be available on Interface's website, at [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). **Call details:****Tuesday, March 1, 2022**8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific Time Listeners may access the conference call live over the Internet at the following address: [https://events.q4inc.com/attendee/899136320](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2930574180&u=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320&a=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320) or through the Company's website at: [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). Please allow at least 15 minutes prior to the call to visit one of these sites and download and install any necessary audio software. An archived version of the conference call will be available at these sites for one year shortly after the call ends. **About Interface** Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. Learn more about Interface at [interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3308388973&u=http%3A%2F%2Fwww.interface.com%2F&a=interface.com) and [blog.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=709160865&u=http%3A%2F%2Fblog.interface.com%2F&a=blog.interface.com), our nora brand at [nora.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=719743675&u=http%3A%2F%2Fwww.nora.com%2F&a=nora.com), and our FLOR® brand at [FLOR.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3495239581&u=https%3A%2F%2Fwww.flor.com%2F&a=FLOR.com). Follow us on [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2569248785&u=https%3A%2F%2Ftwitter.com%2FInterfaceInc&a=Twitter), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2076040437&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Finterface&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3636328122&u=https%3A%2F%2Fwww.facebook.com%2FInterface%2F%3Ffref%3Dts&a=Facebook), [Pinterest](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1430591711&u=https%3A%2F%2Fwww.pinterest.com%2Finterface%2F&a=Pinterest), [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=361166393&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finterface&a=LinkedIn), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=739939483&u=https%3A%2F%2Fwww.instagram.com%2Finterface%2F&a=Instagram), and [Vimeo](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1728872219&u=https%3A%2F%2Fvimeo.com%2Finterface&a=Vimeo). [Cision](https://c212.net/c/img/favicon.png?sn=NY44896&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html](https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html) SOURCE Interface, Inc.
Date: 2022-01-28
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: TPG RE Finance Trust, Inc. Announces CEO Appointment
Article: Incoming CEO Doug Bouquard also named Partner of TPG NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that its Board of Directors has appointed Doug Bouquard as Chief Executive Officer and elected him as a director, in each case effective April 25, 2022. Bouquard will also become a Partner of TPG (NASDAQ: TPG) and TPG Real Estate, the firm’s dedicated real estate investment platform.Bouquard will join TRTX’s senior management team alongside its President, Matt Coleman; Chief Financial Officer, Bob Foley; General Counsel, Vice President, and Secretary, Deborah Ginsberg; and Chief Investment Officer and Vice President, Peter Smith. His appointment marks the culmination of an extensive search conducted by TPG and the TRTX Board of Directors.“Doug has nearly two decades of experience in real estate credit, and his appointment is a continuation of the firm’s strategy to grow a differentiated real estate investment platform,” said Jon Winkelried, CEO of TPG. “Doug shares our commitment to investing with excellence, and we are excited to have him on board.”Bouquard joins TRTX from Goldman Sachs, where he most recently served as a Managing Director and Head of US Commercial Real Estate Debt in the Global Markets Division. In this role, he had oversight of the firm’s commercial real estate debt origination activities, including securitized lending, balance sheet lending, and commercial real estate warehouse financing, as well as commercial real estate securities issuance.“On behalf of the Board, I am pleased to welcome Doug to TRTX,” said Avi Banyasz, Chairman of the Board of TRTX and Co-Head of TPG Real Estate. “Doug is a proven leader in our industry with a strong track record and extensive investment experience. He is well-suited to lead TRTX through its next chapter as the Company works to serve our clients and maximize long-term value for our shareholders.”Prior to his current role at Goldman Sachs, Bouquard was responsible for various mortgage lending and trading businesses. He joined Goldman Sachs in 2004 as an analyst in the mortgage trading department and was named Managing Director in 2013. Bouquard earned a B.A. from Colgate University. He is a trustee, Chairman of the Investment Committee, and member of the Executive Committee of The Hill School.“I have long admired TRTX and am excited to join TPG at such an important time in the firm’s history,” said Bouquard. “The TRTX team brings a strong combination of experience and innovation to the market, and I look forward to furthering the Company’s position as a leading real estate debt franchise.”Bouquard’s appointment follows a strong year for TRTX, with 2021 loan originations of $1.9 billion focused in key thematic areas including multifamily and life sciences. The Company also completed several important capital market transactions, including a $1.25 billion managed CRE CLO, TRTX 2021-FL4, and the issuance of 6.25% Series C Cumulative Redeemable Preferred Stock. **About TRTX** TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG. For more information regarding TRTX, visit [https://www.tpgrefinance.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tpgrefinance.com%2F&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=https%3A%2F%2Fwww.tpgrefinance.com%2F&index=1&md5=be800ad953bd550db82f9a1a8615414a). **About TPG** TPG is a leading global alternative asset management firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. **Forward-Looking Statements** The information contained in this press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to various risks and uncertainties, including the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 and in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=www.sec.gov&index=2&md5=d7f73162f656f0e0d9791c4a8b54538b). Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, or state other forward-looking information. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005076r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005076/en/](https://www.businesswire.com/news/home/20220128005076/en/) **Media** Luke Barrett [[email protected] ](mailto:[email protected])415-743-1550**Investor Relations** TRTX [[email protected] ](mailto:[email protected])212-405-8500TPG Gary Stein [[email protected] ](mailto:[email protected])212-601-4750 Source: TPG RE Finance Trust, Inc.
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: Maravai LifeSciences Acquires MyChem, a Leader in Proprietary Ultra-Pure Nucleotides
Article: MyChem’s nucleotide synthesis methods are highly complementary to Maravai’s TriLink mRNA technologies Increases capabilities serving the high-growth cell and gene therapy market SAN DIEGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Maravai LifeSciences, Inc.](https://www.globenewswire.com/Tracker?data=Yaal95MmSj5uG8biAkWfC-L9DLxd87T9dGuyaiZK_SZ7OcEEoSmPKOyzvNXmhiuCWwp6qchu3Twg_7MhCupHypon5FgUg7mPaKP7o_qzfIg=) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced today that it has acquired MyChem, LLC for $240 million in cash at closing with the potential for additional contingent cash consideration based on achievement of certain conditions after closing. The acquisition will expand Maravai’s product offering of strategic inputs in the rapidly growing markets for therapeutics and vaccine applications. Based in San Diego, California, MyChem is a privately held provider of proprietary, ultra-pure nucleotides to customers in the diagnostics, pharma, genomics and research markets. Their products include modified nucleotides and other inputs used for mRNA synthesis. MyChem’s portfolio complements Maravai’s nucleic acid production products and is expected to provide customers significant benefits through an integrated offering. Further, MyChem will help accelerate Maravai’s innovation capabilities with additional R&D resources. “MyChem’s chemically synthesized nucleotides are a natural fit and complementary product line for our Nucleic Acid Production business,” said Carl Hull, Chief Executive Officer of Maravai. “We have worked with MyChem since 2018 and have the highest regard for the founders and the team they have built and believe there is a close alignment of company cultures. Similar to our past acquisitions, MyChem is founder-led with exceptional science in place where we can help scale the organization and accelerate growth.” Brian Neel, Chief Operating Officer, Nucleic Acid Production added, "MyChem provides critical raw materials for our CleanCap® AG and mRNA production and has been a reliable supply partner. This acquisition continues our path to build and integrate strategic inputs of the mRNA vaccine and therapeutic supply chain into our operations here in the U.S. and our push to have an end-to end offering for our customers. MyChem’s state-of-the-art method for developing ultra-pure nucleotides helps to solve key customer needs not currently addressed by standard, enzymatic manufacturing. We look forward to welcoming their incredibly talented team to Maravai to help drive adoption of new chemistries.” Chanfeng Zhao, Chief Executive Officer and co-founder of MyChem, commented, "We are pleased to join Maravai and the TriLink team given their outstanding reputation for quality, their industry leadership and our shared commitment to develop innovative life science tools. We remain committed to our current customers and believe this transaction will further strengthen our ability to support their needs. This business combination will also allow us to pursue cross-selling opportunities to existing customers, expand sales and marketing to new customers and markets, initiate GMP manufacturing of nucleotides and pursue additional opportunities with pharmaceutical customers in their mRNA programs for vaccine and therapeutic applications.” Following the acquisition, MyChem will become part of TriLink and the Nucleic Acid Production Business Segment, and the MyChem management team will report to Mr. Neel. **Advisors** Jefferies LLC served as financial advisor to Maravai and Kirkland & Ellis LLP served as legal counsel to Maravai. BroadOak Capital Partners, LLC served as financial advisor to MyChem and Morrison & Foerster LLP served as legal counsel to MyChem. **About Maravai** Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics and novel vaccines and to support research on human diseases. Maravai’s companies are leaders in providing products and services in the fields of nucleic acid synthesis and biologics safety testing to many of the world's leading biopharmaceutical, vaccine, diagnostics and cell and gene therapies companies. **About MyChem** MyChem, LLC is a San Diego-based company specializing in making ultra-pure nucleotides. These include natural nucleotides, modified nucleotides and dye labeled nucleotides. MyChem’s ultra-pure nucleotides are used in a variety of applications to advance the development of biotechnology research, diagnostic and therapeutic applications. MyChem develops integrated partnerships with customers across the globe to provide premium reagents and innovative services. **Forward-looking Statements** This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements constitute forward-looking statements, including, without limitation, statements related to the complementary nature of MyChem’s methods, the increased capabilities of Maravai following the acquisition, the expansion of Maravai’s product offerings, expected growth of the markets for therapeutics and vaccine applications, expected benefits to customers, acceleration of R&D capabilities, plans to scale the acceleration and accelerate growth, the potential for new end-to-end product offerings, the adoption of new chemistries, the potential for cross-selling and expansion of sales, and plans for GMP manufacturing, constitute forward-looking statements identified by words like “will,” “expect,” “may,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation and uncertainties related to challenges associated with integration of the acquired business into Maravai, continued validation of the safety and effectiveness of our technology, new scientific developments and competition from other products. These and other risks and uncertainties are described in greater detail in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements, and therefore you should not rely upon them. These forward-looking statements reflect our current views and we do not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OCM0Njk4NDI5IzIyMDQ1NDk=) [Image](https://ml.globenewswire.com/media/ZGVjMzlmZWQtODM4My00N2I4LTk1ODUtZGY2NDNlNjU5ZTQ0LTEyMTYxMDI=/tiny/Maravai-LifeSciences-Holdings-.png) Contact Information: Media Contact: Sara Michelmore MacDougall Advisors +1 781-235-3060 [[email protected]](mailto:[email protected]) Investor Contact: Deb Hart Maravai LifeSciences + 1 858-988-5917 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/ea9d2fb8-12c5-45f9-b357-d0e6258066f2) Source: Maravai LifeSciences Holdings LLC
Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2021
Article: SANTA MONICA, Calif.--(BUSINESS WIRE)-- BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 on Thursday, February 24, 2022, prior to the opening of the financial markets.BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, February 24, 2022 to discuss its financial results.All interested parties are invited to participate in the conference call by dialing (844) 200-6205; international callers should dial (929) 526-1599. All participants should reference the access code 084035. The conference call will be webcast simultaneously in the investor relations section of TCPC’s website at [http://investors.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=http%3A%2F%2Finvestors.tcpcapital.com&index=1&md5=d3ea708d0c952c420eb3a71d404ab527). An archived replay of the call will be available approximately two hours after the live call, through March 3, 2022. For the replay, please visit [https://investors.tcpcapital.com/events-and-presentations](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.tcpcapital.com%2Fevents-and-presentations&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=https%3A%2F%2Finvestors.tcpcapital.com%2Fevents-and-presentations&index=2&md5=0b38cae18a0e43af77455808f5e462e9) or dial (866) 813-9403. For international replay, please dial (929) 458-6194. For all replays, please reference access code 971184. **ABOUT BLACKROCK TCP CAPITAL CORP.:** [BlackRock TCP Capital Corp.](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.tcpcapital.com%2F&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=BlackRock+TCP+Capital+Corp.&index=3&md5=bf8ea6ceee1d9aba3f26486b4671c620) (NASDAQ: TCPC) is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is externally managed by its advisor, a wholly owned, indirect subsidiary of BlackRock, Inc. For more information, visit [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=4&md5=2f969a41e9864ac4b167086beeec5978). **FORWARD-LOOKING STATEMENTS** Prospective investors considering an investment in BlackRock TCP Capital Corp. should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company’s filings with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.sec.gov&index=5&md5=e719c13e9279fb2074b12e8186c6b629) and the Company’s website at [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=6&md5=9dd03fd4f1f7a44a4bae31065ae691c1). Prospective investors should read these materials carefully before investing.This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in general economic conditions or changes in the conditions of the industries in which the Company makes investments, risks associated with the availability and terms of financing, changes in interest rates, availability of transactions, and regulatory changes. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the “Risk Factors” section of the Company’s Form 10-K for the year ended December 31, 2020, and the Company’s subsequent periodic filings with the SEC. Copies are available on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.sec.gov&index=7&md5=1b253bb17c18f0ecef46747f051a1ab7) and the Company’s website at [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=8&md5=2ed3b69f1bdc8613439d7d52dd3a9822). Forward-looking statements are made as of the date of this press release and are subject to change without notice. The company has no duty and does not undertake any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005091r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005091/en/](https://www.businesswire.com/news/home/20220128005091/en/) BlackRock TCP Capital Corp. Katie McGlynn 310-566-1094 [[email protected]](mailto:[email protected]) Source: BlackRock TCP Capital Corp.
Date: 2022-01-28
Title: This Buffett Stock Has More Than 60% Upside Potential, According to Wall Street
Article: While Charlie Munger is not as well known as his counterpart Warren Buffett, the two have worked together at **Berkshire Hathaway** [(NYSE: BRK.A)](https://www.nasdaq.com/market-activity/stocks/brk.a) [(NYSE: BRK.B)](https://www.nasdaq.com/market-activity/stocks/brk.b) since 1979. Their distinct value investing style is iconic, and they know a bargain when they see one. While Munger's main allegiance is with Berkshire, he also manages **Daily Journal Corporation**'s [(NASDAQ: DJCO)](https://www.nasdaq.com/market-activity/stocks/djco) investment portfolio.The Daily Journal's latest 13F filing -- a report filed to the SEC when a managed portfolio has assets of more than $100 million -- showed a 99% increase in ownership of **Alibaba** [(NYSE: BABA)](https://www.nasdaq.com/market-activity/stocks/baba), which now makes up 28% of the Daily Journal's portfolio. Caught in the crossfire between the Chinese and U.S. governments, Alibaba has had multiple negative news headlines plague its stock over the last year. With an average Wall Street analyst price target of $201.94 and a current price in the low $120s, the stock has more than 60% upside. Does that mean you should join Charlie Munger and buy Alibaba shares? [A crowded street in China.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F660652%2Fchina-street.jpg&w=700) Image source: Getty Images. **A worldwide giant** Alibaba can be described as a Chinese **Amazon** [(NASDAQ: AMZN)](https://www.nasdaq.com/market-activity/stocks/amzn). It operates an e-commerce platform that is accessible in China and across the globe. Its retail sales are more than 12 times greater in China than internationally, with revenue of CNY 127 billion ($20 billion USD) in China versus CNY 10 billion internationally ($1.6 billion) during its second quarter (ending Sept. 30, 2021). Sales in both geographic regions grew 33% year over year, better than Amazon's 4% sales increase in the comparable period.Cloud computing is another shared segment between Alibaba and Amazon. However, the future of the Alibaba cloud in the U.S. is questionable. The Biden administration recently opened a probe into how the cloud segment stores U.S. personal data. The U.S. government does not want China to have access to business or consumer information stored on Alibaba's cloud servers. Last quarter, its cloud computing segment grew 33% to CNY 20 billion ($3.1 billion), but if the company is barred from operating in the U.S. it could have a serious financial impact.Alibaba also has a 33% stake in Ant Group, a fintech company. Ant Group provides many modern financial services like buy now, pay later and Alipay, China's leading digital payment platform, to its customers. It was [scheduled to go public](https://www.fool.com/investing/stock-market/types-of-stocks/ipo-stocks/what-is-an-ipo/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) in the U.S. at around a $200 billion valuation, but the Chinese government halted the IPO, preventing Alibaba from profiting from its investment in the short-term. As of now, there are no plans for the IPO to go ahead. **A cheap stock with strong financials?**During Q2, Alibaba's revenue grew 29% across all segments. It brought in CNY 200 billion ($31.6 billion) and sported a 7.5% operating margin. Alibaba had some unfavorable investment income during Q2, which drove down its earnings. Management expects 20% to 23% revenue growth throughout 2022. This would mark a significant revenue slowdown for Alibaba, so ensuing earnings reports must be examined to keep up with these expectations. Alibaba has an extremely low valuation relative its historical levels, trading at only 16 times earnings. It has seen its price-to-earnings (P/E) ratio drop significantly over the last three years. This stat is is exaggerated by Alibaba's low earnings in Q2: [The denominator in the ratio is artificially low](https://www.fool.com/investing/how-to-invest/stocks/price-to-earnings-ratio/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20).[](https://ycharts.com/companies/BABA/chart/)[BABA PE Ratio](https://ycharts.com/companies/BABA/pe_ratio) data by [YCharts](https://ycharts.com/) At this range, many would consider Alibaba a value play. Without that designation, Charlie Munger likely would not have invested in it. When evaluating the stock using the price-to-sales ratio, the decline in valuation is even more dramatic.[](https://ycharts.com/companies/BABA/chart/)[BABA PS Ratio](https://ycharts.com/companies/BABA/ps_ratio) data by [YCharts](https://ycharts.com/) It's hard to deny how cheap Alibaba's stock is, but are the risks of owning the stock driving this low valuation?**Plenty of risks** Alibaba is associated with a lot of geopolitical risks. The U.S. government has contemplated delisting Chinese stocks from U.S. exchanges for not complying with regulatory standards the rest of the listed companies must follow. Should this happen, the companies will likely relist on the Hong Kong exchange. While this may be annoying, brokerages will handle this transition, and any shares owned can still be traded. This should give shareholders confidence that their investment won't go to zero should the delisting occur.Alibaba and Ant Group's founder, Jack Ma, found trouble with the Chinese government in early 2021 after speaking out against how the government regulates business. After the comments, he disappeared from public life for about three months. If the government can control China's former richest man, then it can impose its will on all of Alibaba's management and potentially force it to do what is right for China, not for shareholders. Additionally, China levied a $2.8 billion antitrust fine in September against Alibaba for allegedly not allowing its merchants to list on other commerce platforms. Both the Chinese and U.S. governments have their eyes on Alibaba, and investors must be aware.Overall, Alibaba is an [attractively valued stock](https://www.fool.com/investing/2022/01/08/my-best-wildly-undervalued-stock-for-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) with a solid business and a great investment in Ant Group. However, too many risks are present for me to invest in the business right now. If investors can stomach the risks, I think they can still do well by buying and holding the stock for at least three to five years. In the meantime, [price swings](https://www.fool.com/investing/2022/01/24/why-alibaba-stock-slipped-on-monday/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) caused by political headlines will be rampant, but those will probably have more bark than bite. **10 stocks we like better than Alibaba Group Holding Ltd. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=14d62f20-912d-4246-9991-4f8361b9e4ec&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlibaba%2520Group%2520Holding%2520Ltd.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) for investors to buy right now… and Alibaba Group Holding Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=14d62f20-912d-4246-9991-4f8361b9e4ec&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlibaba%2520Group%2520Holding%2520Ltd.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. [Keithen Drury](https://boards.fool.com/profile/TMFTripleOption/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Amazon and Berkshire Hathaway (B shares). The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Symbol: OCFC
Security: OceanFirst Financial Corp.
Related Stocks/Topics: Unknown
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Type: News
Publication: The Motley Fool
Publication Author: Motley Fool Transcribing
Date: 2022-01-28
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=57619ff3-a625-495c-85d4-2d529775d4e2&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOceanFirst%2520Financial&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)*Stock Advisor returns as of January 10, 2022**Christopher Maher** -- Chairman and Chief Executive OfficerThank you, Jill. And good morning to all who have been able to join our fourth quarter 2021 [earnings conference call](https://www.nasdaq.com/market-activity/earnings) today. This morning I'm joined by our president, Joe Lebel; and chief financial officer, Mike Fitzpatrick. As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 25.1327
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Stock Price at release: 22.6148
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| 22.3362 |
Broader Economic Information:
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Notable Friday Option Activity: CWH, SC, DDOG
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Broader Industry Information:
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
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Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: CLBK
Security: Columbia Financial, Inc.
Related Stocks/Topics: Stocks
Title: Columbia Financial, Inc Shares Approach 52-Week High - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Columbia Financial, Inc ([CLBK](https://kwhen.com/finance/profiles/CLBK/summary))) shares closed today at 1.9% below its 52 week high of $21.83, giving the company a market cap of $2B. The stock is currently up 2.7% year-to-date, up 37.4% over the past 12 months, and up 39.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 17.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. **Technical Indicators** [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) [How Much Do Roofing Services Cost In 2024? HomeBuddy Learn More](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) Undo - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by -311.6% - The company's stock price performance over the past 12 months beats the peer average by 372.7% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 401.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 20.1288
Stock Price 2 days before: 21.1158
Stock Price 1 day before: 21.4976
Stock Price at release: 21.3435
Risk-Free Rate at release: 0.0004
| 21.547 |
Broader Economic Information:
Date: 2022-01-28
Title: The past five years for Argan (NYSE:AGX) investors has not been profitable
Article: In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term **Argan, Inc.** (NYSE:AGX) shareholders for doubting their decision to hold, with the stock down 45% over a half decade.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the five years over which the share price declined, Argan's earnings per share (EPS) dropped by 5.2% each year. This reduction in EPS is less than the 11% annual reduction in the share price. So it seems the market was too confident about the business, in the past.The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/298718-earnings-per-share-growth-1-dark/1643364059812) NYSE:AGX Earnings Per Share Growth January 28th 2022It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of [historic growth trends, available here.](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past). **What About Dividends?**It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Argan's TSR for the last 5 years was -36%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. **A Different Perspective** While the broader market gained around 5.2% in the last year, Argan shareholders lost 7.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 6% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Argan has [1 warning sign ](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **Argan may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with past earnings growth (and further growth forecast).](https://simplywall.st/discover/investing-ideas/19524/growth-stocks?blueprint=1874575&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU3NTpmMTUzMGU4MzI1NjEyMGZm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: U.S. Steel (X) Earnings Miss Estimates in Q4, Revenues Top
Article: **United States Steel Corporation** [X](https://www.nasdaq.com/market-activity/stocks/x) logged a profit of $1,069 million or $3.75 per share in fourth-quarter 2021, surging from a profit of $49 million or 22 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were $3.64 per share. The figure missed the Zacks Consensus Estimate of $4.56. Revenues climbed around 119% year over year to $5,622 million in the reported quarter. It surpassed the Zacks Consensus Estimate of $5,483.7 million. The company benefited from a surge in prices and higher overall steel shipments in the quarter. Total steel shipments climbed around 18% year over year in the quarter. **United States Steel Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart)[United States Steel Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart) | [United States Steel Corporation Quote](https://www.nasdaq.com/market-activity/stocks/x) ******Segment Highlights****Flat-Rolled:**The segment recorded a profit of $890 million in the fourth quarter compared with a loss of $73 million in the year-ago quarter.Steel shipments in the segment fell roughly 10% year over year to 2,032,000 tons and average realized price per ton in the unit was $1,432, up around 96% year over year. **Mini Mill:**The company added the segment after Jan 15, 2021 with the purchase of the remaining stake in Big River Steel. The segment recorded a profit of $366 million in the quarter. Shipments were 559,000 tons while average realized price per ton was $1,490. **U.S. Steel Europe:** The segment posted profits of $269 million, up from $36 million in the year-ago quarter. Shipments in the segment rose around 22% year over year to 1,028,000 tons. Average realized price per ton for the unit was $1,075, up around 65% year over year. **Tubular:**The segment posted a profit of $30 million against a loss of $32 million in the year-ago quarter. Shipments rose roughly 72% year over year to 127,000 tons. Average realized price per ton for the unit was $1,968, up roughly 55% year over year. **FY21 Results** Earnings for full-year 2021 were $14.88 per share compared with a loss of $5.92 per share a year ago. Net sales shot up 108% year over year to $20,275 million. **Financials** At the end of 2021, the company had cash and cash equivalents of $2,522 million, up around 27% year over year. Long-term debt fell roughly 18% year over year to $3,863 million.The company repurchased shares worth $150 million during the fourth quarter under the $300 million stock buyback authorization announced in October 2021. Its board also authorized a new $500 million buyback program, which is expected to commence in the first quarter of 2022. **Outlook** The company noted that it entered 2022 from a position of strength and remains focused on continuing its disciplined approach to creating shareholder value. It expects 2022 to be another strong year for the company. Its balance sheet has been transformed and its capital allocation priorities have enhanced direct returns to shareholders, U.S. Steel noted. **Price Performance** The company’s shares are down 0.8% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/steel-producers-176)’s 28.5% rise. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/46/16803.jpg?v=1882421836) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** U.S. Steel currently carries a Zacks Rank #2 (Buy).Other top-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [United States Steel Corporation (X): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=X&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858838/u-s-steel-x-earnings-miss-estimates-in-q4-revenues-top?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Oversold Conditions For Viavi Solutions (VIAV)
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: AVNS
Security: Avanos Medical, Inc.
Related Stocks/Topics: Stocks
Title: Avanos Medical Inc Shares Near 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 1.8% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 16.0% year-to-date, down 37.1% over the past 12 months, and down 23.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 6.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 4.4% lower than its 5-day moving average, 9.8% lower than its 20-day moving average, and 8.9% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 83.6% - The company's stock price performance over the past 12 months lags the peer average by 51.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 31.7286
Stock Price 2 days before: 31.9217
Stock Price 1 day before: 30.3579
Stock Price at release: 28.1706
Risk-Free Rate at release: 0.0004
| 35.4602 |
Broader Economic Information:
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Date: 2022-01-28
Title: VNET Announces US$250 Million Investment from Blackstone
Article: BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world’s largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum. Josh Chen, Founder and Executive Chairman of VNET, said, “Over the last two years, we have accelerated the growth of our data center footprint in high-demand locations across China’s tier-1 cities. Blackstone’s investment provides us with the capital to take advantage of a robust pipeline of attractive development projects that support our hyperscale and enterprise customers. We look forward to building on this partnership with Blackstone.” Jasvinder Khaira, a Senior Managing Director in the Tactical Opportunities Group of Blackstone, said, “Under the leadership of Josh and the management team, VNET has become one of the top data center operators in China with a strong operating track record. Data centers and the ongoing migration to the cloud are two of Blackstone’s highest conviction themes globally and we believe VNET plays an important role in the buildout of China’s digital new infrastructure.” The Notes are convertible into the Company’s American depositary shares (“ADSs”), each representing six Class A ordinary shares, at US$11.00 per ADS, representing a premium of 35% to the latest closing price of US$8.14 per ADS. The transaction is subject to customary closing conditions and the closing is expected to take place in early February. The Notes have been offered in offshore transactions outside the US pursuant under Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Notes, any ADSs deliverable upon conversion of the Notes and the Class A ordinary shares represented thereby have not been registered under the Securities Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. **About VNET** VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. **About Blackstone** Blackstone is the world’s largest alternative investment firm. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $881 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at [www.blackstone.com](http://www.blackstone.com/). Follow Blackstone on Twitter @Blackstone. **Safe Harbor Statement** This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. **Investor Relations Contact** Xinyuan LiuTel: +86 10 8456 2121Email: [[email protected]](https://www.globenewswire.com/Tracker?data=PTCYqqAYMK1M9c4bSxRCxgEkq_aw_4iGnbuj43hstke_3kawANxmkHOaxX1BDW1DQwzzmerg8xxFmfSu_L3HBg==) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIyMCM0Njk4OTk3IzIwMDI2NDk=) [Image](https://ml.globenewswire.com/media/YWRkM2FhMWItZjc0ZS00MWZlLTgzODYtZDVjNjU4N2Y0MmJjLTEwMTQyMjI=/tiny/VNET-Group-Inc-.png) Source: VNET Group, Inc.
Broader Industry Information:
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Broader Sector Information:
Date: 2022-01-28
Title: Oversold Conditions For Viavi Solutions (VIAV)
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: The past five years for Argan (NYSE:AGX) investors has not been profitable
Article: In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term **Argan, Inc.** (NYSE:AGX) shareholders for doubting their decision to hold, with the stock down 45% over a half decade.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the five years over which the share price declined, Argan's earnings per share (EPS) dropped by 5.2% each year. This reduction in EPS is less than the 11% annual reduction in the share price. So it seems the market was too confident about the business, in the past.The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/298718-earnings-per-share-growth-1-dark/1643364059812) NYSE:AGX Earnings Per Share Growth January 28th 2022It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of [historic growth trends, available here.](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past). **What About Dividends?**It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Argan's TSR for the last 5 years was -36%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. **A Different Perspective** While the broader market gained around 5.2% in the last year, Argan shareholders lost 7.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 6% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Argan has [1 warning sign ](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **Argan may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with past earnings growth (and further growth forecast).](https://simplywall.st/discover/investing-ideas/19524/growth-stocks?blueprint=1874575&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU3NTpmMTUzMGU4MzI1NjEyMGZm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: NAVI
Security: Navient Corporation
Related Stocks/Topics: Markets|MMS
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Type: News
Publication: The Motley Fool
Publication Author: Courtney Carlsen
Date: 2022-01-28
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 17.9432
Stock Price 2 days before: 17.59
Stock Price 1 day before: 16.6352
Stock Price at release: 16.1561
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: NTGR
Security: NETGEAR, Inc.
Related Stocks/Topics: Stocks|MKSI|LFUS
Title: MKS Instruments (MKSI) Q4 Earnings Beat, Revenues Up Y/Y
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **MKS Instruments** [MKSI](https://www.nasdaq.com/market-activity/stocks/mksi) reported fourth-quarter 2021 adjusted earnings of $3.02 per share, which beat the Zacks Consensus Estimate by 5.59% and surged 29.1% year over year.Revenues of $763.9 million surpassed the consensus mark by 0.47% and improved 15.7% year over year, driven by rising demand for the company’s solutions in the semiconductor and advanced market despite the negative impact of pandemic and supply chain constraints.Products revenues (87.4% of total revenues) were $667.8 million, up 16.4% year over year. Services revenues (12.6%) increased 3.6% year over year to $96.1 million. **Quarterly Update** Revenues from the semiconductor market (64.8% of total revenues) increased 25.9% year over year to $494.8 million, owing to robust performance by the Vacuum & Analysis division.Revenues from advanced markets (35.2% of total revenues) were $269.1 million, up 0.7% year over year. The upside can be attributed to recovery in demand trends for advanced electronics applications.Segment-wise, Vacuum and Analysis (63.5% of total revenues) revenues surged 18% year over year to $484.4 million.Light and Motion division revenues (30.1% of total revenues) climbed 26.1% year over year to $229.8.Equipment & Solutions segment revenues (6.4% of total revenues) were $49.2 million, down 26.6% year over year. **MKS Instruments, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/MKSI/price-consensus-eps-surprise-chart?icid=chart-MKSI-price-consensus-eps-surprise-chart)[MKS Instruments, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MKSI/price-consensus-eps-surprise-chart?icid=chart-MKSI-price-consensus-eps-surprise-chart) | [MKS Instruments, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mksi)**Operating Details** In the fourth quarter, adjusted gross margin expanded 70 basis points (bps) on a year-over-year basis to 46.4%.Adjusted EBITDA increased 26.4% year over year to $228.4 million. Adjusted EBITDA margin expanded 250 bps on a year-over-year basis to 29.9%.Research & development, and sales, general & administrative expenses, as a percentage of revenues, declined 20 bps and 150 bps on a year-over-year basis, respectively.MKS Instruments reported non-GAAP operating income of $207.2 million, up 26.8% year over year. Adjusted operating margin expanded 240 bps on a year-over-year basis to 27.1%. **Balance Sheet** As of Dec 30, 2021, MKS Instruments had cash and short-term investments of $1.04 billion compared with $879.6 million as of Sep 30, 2021.Total debt as of Dec 31 2021, was $818.7 million. Secured term loan principal outstanding as of Dec 31, 2021, was $827 million. The company had $100 million of incremental borrowing capacity under an asset-based line of credit, subject to certain borrowing base requirements.Cash flow from operations was $194.3 million in the fourth quarter compared with the previous quarter’s figure of $153.1 million. Free cash flow was $170.9 million compared with $132.6 million reported in the previous quarter.MKS Instruments paid out dividends worth $12 million during the reported quarter. **Q4 Guidance** For the first quarter of 2022, MKS Instruments anticipates revenues to be $750 million (+/- $30 million). The Zacks Consensus Estimate for revenues is currently pegged at $782.33 million, indicating growth of 15.6% from the year-ago quarter.Non-GAAP earnings are expected to be $2.57 per share (+/- 25 cents).The consensus mark for earnings is currently pegged at $2.96 per share, suggesting an increase of 15.63% from the prior-year quarter. **Zacks Rank & Stocks to Consider** Currently, MKS Instruments has a Zacks Rank #3 (Hold).MKS Instruments shares have underperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While MKSI shares have fallen 12.9%, the Computer & Technology sector rallied 2.7%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26amp%3BICID%3Dzpi_1link&icid=&cid=). **Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with the sector’s growth of 2.7%. LFUS is expected to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is slated to report fourth-quarter 2021 results on Feb 2. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [MKS Instruments, Inc. (MKSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MKSI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859167/mks-instruments-mksi-q4-earnings-beat-revenues-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 26.6305
Stock Price 2 days before: 27.8182
Stock Price 1 day before: 26.5052
Stock Price at release: 25.7482
Risk-Free Rate at release: 0.0004
| 26.023 |
Broader Economic Information:
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Broader Sector Information:
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: PGC
Security: Peapack-Gladstone Financial Corporation
Related Stocks/Topics: Stocks|FUNC
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 35.5493
Stock Price 2 days before: 36.4245
Stock Price 1 day before: 34.7008
Stock Price at release: 34.9792
Risk-Free Rate at release: 0.0004
| 37.7261 |
Broader Economic Information:
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: Why Cardano's Cryptocurrency Is Plummeting This Week
Article: **What happened** The cryptocurrency market is getting hit with another week of big sell-offs, and **Cardano**'s [(CRYPTO: ADA)](https://www.nasdaq.com/market-activity/cryptocurrency/ada) ADA token has been caught up in the negative market momentum. The cryptocurrency was down 11.2% over the last week of trading as of 4 p.m. ET on Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).Only a handful of the top-50 largest cryptocurrencies managed to end the last week of trading in the green, and most were down double digits across the stretch. In addition to the specter of rising regulatory risks, the crypto market is also facing bearish catalysts related to potential conflict between Ukraine and Russia, shifting macroeconomic conditions, and disappointing guidance from some prominent, growth-dependent companies. [An arrow moving down above chart lines.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663514%2Fan-arrow-moving-down-above-chart-lines.jpg&w=700) Image source: Getty Images. **So what** The Biden administration is reportedly readying an executive order that would introduce new regulations on cryptocurrencies, and investors appear to be sweating the potential impact. The crypto market has also been impacted by a pronounced investor shift away from high-risk cryptocurrencies and stocks. Weak guidance from companies including **Peloton**, **Netflix**, and **Tesla**, and the threat of rising interest rates have also added to the bearish momentum, and Cardano's ADA token has been feeling the squeeze.In addition to the long list of factors prompting sell-offs for the broader [cryptocurrency](https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/guide-to-cryptocurrencies/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4fa918ad-f4e7-497a-bed4-579f12a5965d) space, it also looks like some network-specific factors could be pushing Cardano's token price lower. The recent launch of the SundaeSwap decentralized trading exchange on Cardano has led to record utilization on the network, but this has also led to some concerns about its blockchain network's scalability. **Now what** Cardano's ADA now has a market capitalization of roughly $35 billion, and it ranks as the sixth-largest cryptocurrency by valuation. Even after big sell-offs in recent months, the token is still up more than 200% over the last year of trading.With **Bitcoin**, **Ethereum**, and **Solana**'s respective cryptocurrency tokens also down 1%, 8.1%, and 22.5%, respectively, over the last week of trading, it's likely that market momentum is the primary driver of ADA's recent valuation slide. Cardano's unique blockchain network and features give it individual pricing catalysts, but investors should move forward with the understanding that the token will likely continue to trade in line with trends for the broader crypto market -- at least in the near term. **10 stocks we like better than Cardano** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=b115ad72-3bbd-4d24-a88b-e05f69d1da78&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCardano&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4fa918ad-f4e7-497a-bed4-579f12a5965d) for investors to buy right now... and Cardano wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=b115ad72-3bbd-4d24-a88b-e05f69d1da78&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCardano&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4fa918ad-f4e7-497a-bed4-579f12a5965d)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Bitcoin, Ethereum, Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
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Date: 2022-01-28
Title: Capitol Federal Financial, Inc.® Reports First Quarter Fiscal Year 2022 Results
Article: TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc.® (NASDAQ: CFFN) (the "Company"), the parent company of Capitol Federal Savings Bank (the "Bank"), announced results today for the quarter ended December 31, 2021. The Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2021 will be filed with the Securities and Exchange Commission ("SEC") on or about February 9, 2022 and posted on our website, [http://ir.capfed.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.capfed.com&esheet=52570186&newsitemid=20220128005032&lan=en-US&anchor=http%3A%2F%2Fir.capfed.com&index=1&md5=417f4fd15e6c5df9e7a35490bb2ebdac). **For best viewing results, please view this release in Portable Document Format (PDF) on our website. **Highlights for the quarter include: - net income of $22.2 million; - basic and diluted earnings per share of $0.16; - net interest margin of 1.99%; - paid dividends of $41.4 million, or $0.305 per share; and - on January 25, 2022, announced a cash dividend of $0.085 per share, payable on February 18, 2022 to stockholders of record as of the close of business on February 4, 2022. **Comparison of Operating Results for the Three Months Ended December 31, 2021 and September 30, 2021**For the quarter ended December 31, 2021, the Company recognized net income of $22.2 million, or $0.16 per share, compared to net income of $18.6 million, or $0.14 per share, for the quarter ended September 30, 2021. The increase in net income was due primarily to a higher negative provision for credit losses compared to the prior quarter and lower non-interest expense. The net interest margin increased two basis points, from 1.97% for the prior quarter to 1.99% for the current quarter, due mainly to a decrease in the cost of retail certificates of deposit.Interest and Dividend IncomeThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & & & \\ \hline Loans receivable & $ & 55,788 & & $ & 57,139 & & $ & (1,351 & ) & & (2.4 & ) % \\ \hline Mortgage-backed securities ("MBS") & & 4,625 & & & 4,900 & & & (275 & ) & & (5.6 & ) \\ \hline Federal Home Loan Bank Topeka ("FHLB") stock & & 1,231 & & & 952 & & & 279 & & & 29.3 & \\ \hline Investment securities & & 808 & & & 750 & & & 58 & & & 7.7 & \\ \hline Cash and cash equivalents & & 14 & & & 27 & & & (13 & ) & & (48.1 & ) \\ \hline Total interest and dividend income & $ & 62,466 & & $ & 63,768 & & $ & (1,302 & ) & & (2.0 & ) \\ \hline \end{table} The decrease in interest income on loans receivable was primarily in the one-to four-family portfolio due to a reduction in the weighted average rate of the portfolio due to originations, purchases, refinances and endorsements to lower market rates and payoffs of higher rate loans, along with a reduction in commercial loan deferred fee amortization related to the Paycheck Protection Program ("PPP"). The decrease in interest income on MBS was due primarily to a decrease in the average balance of the portfolio. The increase in dividend income on FHLB stock was due mainly to a special year-end dividend of 1.00% paid by FHLB during the current quarter.Interest ExpenseThe following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST EXPENSE: & & & & & & & \\ \hline Deposits & $ & 9,267 & & $ & 10,335 & & $ & (1,068 & ) & & (10.3 & ) % \\ \hline Borrowings & & 7,585 & & & 7,889 & & & (304 & ) & & (3.9 & ) \\ \hline Total interest expense & $ & 16,852 & & $ & 18,224 & & $ & (1,372 & ) & & (7.5 & ) \\ \hline \end{table} The decrease in interest expense on deposits was due primarily to a decrease in the weighted average rate and the average balance of the retail certificate of deposit portfolio. See "Financial Condition as of December 31, 2021" below for additional information on deposits. The decrease in interest expense on borrowings was due to the full impact during the current quarter of certain FHLB advances being replaced at lower rates during the prior quarter.Provision for Credit LossesFor the quarter ended December 31, 2021, the Bank recorded a negative provision for credit losses of $3.4 million, compared to a negative provision for credit losses of $1.3 million for the prior quarter. The negative provision in the current quarter was comprised of a $2.3 million decrease in the allowance for credit losses ("ACL") for loans due primarily to a reduction in the balance of special mention commercial loans and a $1.1 million decrease in reserves for off-balance sheet credit exposures due mainly to continued improving economic conditions. See additional discussion regarding the Bank's ACL and reserves for off-balance sheet credit exposures at December 31, 2021 in the "Asset Quality" section below.Non-Interest IncomeThe following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST INCOME: & & & & & & & \\ \hline Deposit service fees & $ & 3,430 & & $ & 3,294 & & $ & 136 & & & 4.1 & % \\ \hline Insurance commissions & & 711 & & & 781 & & & (70 & ) & & (9.0 & ) \\ \hline Other non-interest income & & 1,365 & & & 1,228 & & & 137 & & & 11.2 & \\ \hline Total non-interest income & $ & 5,506 & & $ & 5,303 & & $ & 203 & & & 3.8 & \\ \hline \end{table} Non-Interest ExpenseThe following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST EXPENSE: & & & & & & & \\ \hline Salaries and employee benefits & $ & 13,728 & & $ & 14,600 & & $ & (872 & ) & & (6.0 & ) % \\ \hline Information technology and related expense & & 4,432 & & & 4,354 & & & 78 & & & 1.8 & \\ \hline Occupancy, net & & 3,379 & & & 3,639 & & & (260 & ) & & (7.1 & ) \\ \hline Regulatory and outside services & & 1,368 & & & 1,476 & & & (108 & ) & & (7.3 & ) \\ \hline Advertising and promotional & & 1,064 & & & 1,404 & & & (340 & ) & & (24.2 & ) \\ \hline Deposit and loan transaction costs & & 697 & & & 638 & & & 59 & & & 9.2 & \\ \hline Federal insurance premium & & 639 & & & 657 & & & (18 & ) & & (2.7 & ) \\ \hline Office supplies and related expense & & 468 & & & 426 & & & 42 & & & 9.9 & \\ \hline Other non-interest expense & & 919 & & & 1,053 & & & (134 & ) & & (12.7 & ) \\ \hline Total non-interest expense & $ & 26,694 & & $ & 28,247 & & $ & (1,553 & ) & & (5.5 & ) \\ \hline \end{table} The decrease in salaries and employee benefits was primarily related to incentive compensation, as fiscal year 2021 incentives were finalized during the prior quarter. The decrease in occupancy, net was due mainly to decreases in utilities and building maintenance expenses. The decrease in advertising and promotional expense was due primarily to the timing of campaigns.The Company's efficiency ratio was 52.22% for the current quarter compared to 55.55% for the prior quarter. The improvement in the efficiency ratio was due primarily to lower non-interest expense. The efficiency ratio is a measure of a financial institution's total non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. A lower value indicates that the financial institution is generating revenue with a lower level of expense, relative to the net interest margin and non-interest income.Income Tax ExpenseThe following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & & 2021 & & & & 2021 & & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline Income before income tax expense & $ & 27,865 & & & $ & 23,923 & & & $ & 3,942 & & 16.5 & % \\ \hline Income tax expense & & 5,679 & & & & 5,370 & & & & 309 & & 5.8 & \\ \hline Net income & $ & 22,186 & & & $ & 18,553 & & & $ & 3,633 & & 19.6 & \\ \hline & & & & & & & \\ \hline Effective Tax Rate & & 20.4 & % & & & 22.4 & % & & & & \\ \hline \end{table} The increase in income tax expense was due primarily to higher pretax income, partially offset by a lower effective tax rate in the current quarter. The effective tax rate was higher in the prior quarter due mainly to year-end adjustments of permanent tax differences, specifically the Company's low income housing partnership amounts.Leverage StrategyAt times, the Bank has utilized a leverage strategy to increase earnings. The leverage strategy involves borrowing on either the Bank's FHLB line of credit or by entering into short-term FHLB advances with the proceeds from the borrowings, net of the required FHLB stock holdings, deposited at the Federal Reserve Bank of Kansas City. The leverage strategy was not in place during the current quarter or in recent years as the strategy was not profitable. The strategy did, however, become profitable again in January 2022, and management reimplemented the strategy by entering into $1.80 billion of short-term FHLB advances. It is expected that the strategy will continue to be used as long as it is profitable. The borrowing level related to the strategy may fluctuate while the strategy is in place. **Comparison of Operating Results for the Three Months Ended December 31, 2021 and 2020**The Company recognized net income of $22.2 million, or $0.16 per share, for the current quarter compared to net income of $18.9 million, or $0.14 per share, for the prior year quarter. The increase in net income was due primarily to a higher negative provision for credit losses in the current quarter and an increase in net interest income. The net interest margin increased seven basis points, from 1.92% for the prior year quarter to 1.99% for the current quarter. The increase in net interest income and net interest margin was due mainly to a reduction in the cost of retail certificates of deposit and borrowings, which outpaced the decrease in asset yields.Interest and Dividend IncomeThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & & & \\ \hline Loans receivable & $ & 55,788 & & $ & 60,694 & & $ & (4,906 & ) & & (8.1 & ) % \\ \hline MBS & & 4,625 & & & 5,710 & & & (1,085 & ) & & (19.0 & ) \\ \hline FHLB Stock & & 1,231 & & & 1,069 & & & 162 & & & 15.2 & \\ \hline Investment securities & & 808 & & & 683 & & & 125 & & & 18.3 & \\ \hline Cash and cash equivalents & & 14 & & & 51 & & & (37 & ) & & (72.5 & ) \\ \hline Total interest and dividend income & $ & 62,466 & & $ & 68,207 & & $ & (5,741 & ) & & (8.4 & ) \\ \hline \end{table} The decrease in interest income on loans receivable was due mainly to a decrease in the weighted average rate, primarily in the one- to four-family originated loan portfolio. The premium amortization related to the one- to four-family correspondent loan portfolio decreased significantly compared to the prior year quarter due to the slow-down in prepayments and endorsements; however, the decrease in the weighted average loan portfolio rate more than offset the reduction in premium amortization. The decrease in the weighted average rate for the one- to four-family originated and correspondent loan portfolios was due to endorsements and refinances to lower market rates and the origination and purchase of new loans at lower market rates.The decrease in interest income on the MBS portfolio was due to a decrease in the weighted average yield as a result of higher premium amortization related to prepayment activity, along with purchases at lower market yields, partially offset by an increase in the average balance of the portfolio.Interest ExpenseThe following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST EXPENSE: & & & & & & & \\ \hline Deposits & $ & 9,267 & & $ & 14,067 & & $ & (4,800 & ) & & (34.1 & ) % \\ \hline Borrowings & & 7,585 & & & 10,327 & & & (2,742 & ) & & (26.6 & ) \\ \hline Total interest expense & $ & 16,852 & & $ & 24,394 & & $ & (7,542 & ) & & (30.9 & ) \\ \hline \end{table} The decrease in interest expense on deposits was due mainly to a decrease in the weighted average rate paid on retail certificates of deposit, money market accounts, and wholesale certificates of deposit. Retail certificates of deposit continue to reprice downward as they renew or are replaced at lower offered rates, and rates on money market accounts were also lowered between periods.The decrease in interest expense on borrowings was due primarily to lowering the cost of FHLB advances by terminating or not renewing certain interest rate swap agreements, not replacing certain maturing FHLB advances, and prepaying certain advances during fiscal year 2021. Cash flows from the deposit portfolio were used to pay down certain FHLB advances.Provision for Credit LossesThe Bank recorded a negative provision for credit losses during the current quarter of $3.4 million, compared to a negative provision for credit losses of $1.5 million during the prior year quarter. See additional information regarding the current quarter negative provision for credit losses in the "Comparison of Operating Results for the Three Months Ended December 31, 2021 and September 30, 2021" section above. See additional discussion regarding the Bank's ACL and reserve for off-balance sheet credit exposures at December 31, 2021 in the "Asset Quality" section below.Non-Interest IncomeThe following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST INCOME: & & & & & & & \\ \hline Deposit service fees & $ & 3,430 & & $ & 2,947 & & $ & 483 & & & 16.4 & % \\ \hline Insurance commissions & & 711 & & & 638 & & & 73 & & & 11.4 & \\ \hline Other non-interest income & & 1,365 & & & 1,485 & & & (120 & ) & & (8.1 & ) \\ \hline Total non-interest income & $ & 5,506 & & $ & 5,070 & & $ & 436 & & & 8.6 & \\ \hline \end{table} The increase in deposit service fees was due primarily to an increase in debit card income as a result of higher transaction volume, along with an increase in the amount per transaction. The decrease in other non-interest income was primarily related to lower income from bank-owned life insurance, due to receiving death benefits during the prior year quarter, compared to none during the current quarter.Non-Interest ExpenseThe following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST EXPENSE: & & & & & & & \\ \hline Salaries and employee benefits & $ & 13,728 & & $ & 14,138 & & $ & (410 & ) & & (2.9 & ) % \\ \hline Information technology and related expense & & 4,432 & & & 4,233 & & & 199 & & & 4.7 & \\ \hline Occupancy, net & & 3,379 & & & 3,379 & & & — & & & — & \\ \hline Regulatory and outside services & & 1,368 & & & 1,585 & & & (217 & ) & & (13.7 & ) \\ \hline Advertising and promotional & & 1,064 & & & 838 & & & 226 & & & 27.0 & \\ \hline Deposit and loan transaction costs & & 697 & & & 766 & & & (69 & ) & & (9.0 & ) \\ \hline Federal insurance premium & & 639 & & & 621 & & & 18 & & & 2.9 & \\ \hline Office supplies and related expense & & 468 & & & 424 & & & 44 & & & 10.4 & \\ \hline Other non-interest expense & & 919 & & & 1,083 & & & (164 & ) & & (15.1 & ) \\ \hline Total non-interest expense & $ & 26,694 & & $ & 27,067 & & $ & (373 & ) & & (1.4 & ) \\ \hline \end{table} The decrease in salaries and employee benefits was due primarily to a decrease in loan commissions related to lower loan origination activity in the current quarter. The increase in advertising and promotional expense was due mainly to adjustments to advertising schedules during the prior year related to the Coronavirus Disease 2019 ("COVID-19") pandemic.The Company's efficiency ratio was 52.22% for the current year period compared to 55.37% for the prior year period. The improvement in the efficiency ratio was due primarily to higher net interest income, as well as lower non-interest expense and higher non-interest income.Income Tax ExpenseThe following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & & 2021 & & & & 2020 & & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline & & & & & & & \\ \hline Income before income tax expense & $ & 27,865 & & & $ & 23,348 & & & $ & 4,517 & & 19.3 & % \\ \hline Income tax expense & & 5,679 & & & & 4,450 & & & & 1,229 & & 27.6 & \\ \hline Net income & $ & 22,186 & & & $ & 18,898 & & & $ & 3,288 & & 17.4 & \\ \hline & & & & & & & \\ \hline Effective Tax Rate & & 20.4 & % & & & 19.1 & % & & & & \\ \hline \end{table} The increase in income tax expense was due primarily to higher pretax income in the current year, as well as a higher effective tax rate compared to the prior year. The higher effective tax rate in the current quarter compared to the prior year quarter was due primarily to a lower amount of favorable provision to return adjustments compared to the prior year quarter. Management anticipates the effective income tax rate for fiscal year 2022 will be approximately 21%. **Financial Condition as of December 31, 2021**The following table summarizes the Company's financial condition at the dates indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & Annualized \\ \hline & December 31, & & September 30, & & Percent \\ \hline & & 2021 & & & & 2021 & & & Change \\ \hline & (Dollars in thousands) \\ \hline Total assets & $ & 9,609,157 & & & $ & 9,631,246 & & & (0.9 & ) % \\ \hline Available-for-sale ("AFS") securities & & 1,890,653 & & & & 2,014,608 & & & (24.6 & ) \\ \hline Loans receivable, net & & 7,095,605 & & & & 7,081,142 & & & 0.8 & \\ \hline Deposits & & 6,648,004 & & & & 6,597,396 & & & 3.1 & \\ \hline Borrowings & & 1,583,303 & & & & 1,582,850 & & & 0.1 & \\ \hline Stockholders' equity & & 1,216,660 & & & & 1,242,273 & & & (8.2 & ) \\ \hline Equity to total assets at end of period & & 12.7 & % & & & 12.9 & % & & \\ \hline Average number of basic shares outstanding & & 135,627 & & & & 135,571 & & & 0.2 & \\ \hline Average number of diluted shares outstanding & & 135,627 & & & & 135,571 & & & 0.2 & \\ \hline \end{table} The decrease in total assets was due primarily to a decrease in securities, partially offset by an increase in cash and cash equivalents. The increase in deposits was due primarily to an increase in non-maturity deposits, partially offset by a decrease in the certificate of deposit portfolio, as customers moved some of their funds from maturing certificates to more liquid investment options, such as the Bank's money market accounts.The following table summarizes loan originations and purchases and borrowing activity, along with the related weighted average rates, during the periods indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Amount & & Rate & & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Loan originations and purchases & & & & & & & \\ \hline One- to four-family and consumer: & & & & & & & \\ \hline Originated & $ & 209,440 & & & 2.88 & % & & $ & 237,358 & & & 2.86 & % \\ \hline Purchased & & 130,553 & & & 2.65 & & & & 184,562 & & & 2.68 & \\ \hline & & & & & & & \\ \hline Commercial: & & & & & & & \\ \hline Originated & & 49,245 & & & 3.80 & & & & 43,021 & & & 4.08 & \\ \hline Purchased & & 36,663 & & & 3.35 & & & & 19,600 & & & 4.06 & \\ \hline & $ & 425,901 & & & 2.96 & & & $ & 484,541 & & & 2.95 & \\ \hline Borrowing activity & & & & & & & \\ \hline Maturities and prepayments & $ & (100,000 & ) & & 3.14 & & & $ & (340,000 & ) & & 2.73 & \\ \hline New borrowings & & 100,000 & & & 3.44 & & & & 340,000 & & & 2.17 & \\ \hline \end{table} Stockholders' EquityDuring the current quarter, the Company paid cash dividends totaling $41.4 million. These cash dividends totaled $0.305 per share and consisted of a $0.22 per share cash true-up dividend related to fiscal year 2021 earnings and a regular quarterly cash dividend of $0.085 per share. On January 25, 2022, the Company announced a regular quarterly cash dividend of $0.085 per share, or approximately $11.5 million, payable on February 18, 2022 to stockholders of record as of the close of business on February 4, 2022. In the long run, management considers the Bank's equity to total assets ratio of at least 9% an appropriate level of capital. At December 31, 2021, this ratio was 11.5%.At December 31, 2021, Capitol Federal Financial, Inc., at the holding company level, had $70.8 million in cash on deposit at the Bank. For fiscal year 2022, it is the intention of the Board of Directors to continue the payout of 100% of the Company's earnings to the Company's stockholders. Dividend payments depend upon a number of factors, including the Company's financial condition and results of operations, regulatory capital requirements, regulatory limitations on the Bank's ability to make capital distributions to the Company, and the amount of cash at the holding company level.There remains $44.7 million authorized under the existing stock repurchase plan for additional purchases of the Company's common stock. Shares may be repurchased from time to time based upon market conditions, available liquidity and other factors. This plan has no expiration date; however, the Federal Reserve Bank's existing approval for the Company to repurchase shares expires in August 2022.The following table presents a reconciliation of total to net shares outstanding as of December 31, 2021. \begin{table}{|c|c|c|} \hline Total shares outstanding & 138,842,784 & \\ \hline Less unallocated Employee Stock Ownership Plan ("ESOP") shares and unvested restricted stock & (3,169,063 & ) \\ \hline Net shares outstanding & 135,673,721 & \\ \hline \end{table} Consistent with our goal to operate a sound and profitable financial organization, we actively seek to maintain a well-capitalized status for the Bank in accordance with regulatory standards. In April 2020, the federal bank regulatory agencies announced the issuance of two interim final rules, effective immediately, to provide temporary relief to community banking organizations. Under the interim final rules, the community bank leverage ratio ("CBLR") requirement is a minimum of 8.5% for calendar year 2021 and 9% thereafter. As of December 31, 2021, the Bank's CBLR was 11.6%, which exceeded the minimum requirement.Capitol Federal Financial, Inc. is the holding company for the Bank. The Bank has 54 branch locations in Kansas and Missouri, and is one of the largest residential lenders in the State of Kansas. News and other information about the Company can be found at the Bank's website, [http://www.capfed.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.capfed.com&esheet=52570186&newsitemid=20220128005032&lan=en-US&anchor=http%3A%2F%2Fwww.capfed.com&index=2&md5=122f59eeca0a6f6ec0176cb99de546a9).Except for the historical information contained in this press release, the matters discussed herein may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including: potential adverse impacts of the ongoing COVID-19 pandemic and any governmental or societal responses thereto on economic conditions in the Company's local market areas and other market areas where the Bank has lending relationships, on other aspects of the Company's business operations and on financial markets; changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities; other governmental initiatives affecting the financial services industry; changes in accounting principles, policies or guidelines; fluctuations in interest rates; demand for loans in the Company's and its correspondent banks' market areas; the future earnings and capital levels of the Bank, which could affect the ability of the Company to pay dividends in accordance with its dividend policies; competition; and other risks detailed from time to time in documents filed or furnished by the Company with the SEC. Actual results may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. **SUPPLEMENTAL FINANCIAL INFORMATION** \begin{table}{|c|c|c|c|c|c|c|c|} \hline CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY \\ \hline CONSOLIDATED BALANCE SHEETS (Unaudited) \\ \hline (Dollars in thousands, except per share amounts) \\ \hline & & & \\ \hline & December 31, & & September 30, \\ \hline & & 2021 & & & & 2021 & \\ \hline ASSETS: & & & \\ \hline Cash and cash equivalents (includes interest-earning deposits of $106,225 and $24,289) & $ & 135,475 & & & $ & 42,262 & \\ \hline AFS securities, at estimated fair value (amortized cost of $1,899,027 and $2,008,456) & & 1,890,653 & & & & 2,014,608 & \\ \hline Loans receivable, net (ACL of $17,535 and $19,823) & & 7,095,605 & & & & 7,081,142 & \\ \hline FHLB stock, at cost & & 75,261 & & & & 73,421 & \\ \hline Premises and equipment, net & & 97,718 & & & & 99,127 & \\ \hline Other assets & & 314,445 & & & & 320,686 & \\ \hline TOTAL ASSETS & $ & 9,609,157 & & & $ & 9,631,246 & \\ \hline & & & \\ \hline LIABILITIES: & & & \\ \hline Deposits & $ & 6,648,004 & & & $ & 6,597,396 & \\ \hline Borrowings & & 1,583,303 & & & & 1,582,850 & \\ \hline Advance payments by borrowers for taxes and insurance & & 38,227 & & & & 72,729 & \\ \hline Income taxes payable, net & & 3,733 & & & & 918 & \\ \hline Deferred income tax liabilities, net & & 3,981 & & & & 5,810 & \\ \hline Other liabilities & & 115,249 & & & & 129,270 & \\ \hline Total liabilities & & 8,392,497 & & & & 8,388,973 & \\ \hline & & & \\ \hline STOCKHOLDERS' EQUITY: & & & \\ \hline Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding & & — & & & & — & \\ \hline Common stock, $0.01 par value; 1,400,000,000 shares authorized, 138,842,784 and 138,832,284 shares issued and outstanding as of December 31, 2021 and September 30, 2021, respectively & & 1,388 & & & & 1,388 & \\ \hline Additional paid-in capital & & 1,189,827 & & & & 1,189,633 & \\ \hline Unearned compensation, ESOP & & (30,974 & ) & & & (31,387 & ) \\ \hline Retained earnings & & 79,745 & & & & 98,944 & \\ \hline Accumulated other comprehensive (loss) income, net of tax & & (23,326 & ) & & & (16,305 & ) \\ \hline Total stockholders' equity & & 1,216,660 & & & & 1,242,273 & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & $ & 9,609,157 & & & $ & 9,631,246 & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY \\ \hline CONSOLIDATED STATEMENTS OF INCOME (Unaudited) \\ \hline (Dollars in thousands) \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & & & 2021 & & & & 2020 & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & \\ \hline Loans receivable & $ & 55,788 & & & $ & 57,139 & & & $ & 60,694 & \\ \hline MBS & & 4,625 & & & & 4,900 & & & & 5,710 & \\ \hline FHLB stock & & 1,231 & & & & 952 & & & & 1,069 & \\ \hline Investment securities & & 808 & & & & 750 & & & & 683 & \\ \hline Cash and cash equivalents & & 14 & & & & 27 & & & & 51 & \\ \hline Total interest and dividend income & & 62,466 & & & & 63,768 & & & & 68,207 & \\ \hline & & & & & \\ \hline INTEREST EXPENSE: & & & & & \\ \hline Deposits & & 9,267 & & & & 10,335 & & & & 14,067 & \\ \hline Borrowings & & 7,585 & & & & 7,889 & & & & 10,327 & \\ \hline Total interest expense & & 16,852 & & & & 18,224 & & & & 24,394 & \\ \hline & & & & & \\ \hline NET INTEREST INCOME & & 45,614 & & & & 45,544 & & & & 43,813 & \\ \hline & & & & & \\ \hline PROVISION FOR CREDIT LOSSES & & (3,439 & ) & & & (1,323 & ) & & & (1,532 & ) \\ \hline NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES & & 49,053 & & & & 46,867 & & & & 45,345 & \\ \hline & & & & & \\ \hline NON-INTEREST INCOME: & & & & & \\ \hline Deposit service fees & & 3,430 & & & & 3,294 & & & & 2,947 & \\ \hline Insurance commissions & & 711 & & & & 781 & & & & 638 & \\ \hline Other non-interest income & & 1,365 & & & & 1,228 & & & & 1,485 & \\ \hline Total non-interest income & & 5,506 & & & & 5,303 & & & & 5,070 & \\ \hline & & & & & \\ \hline NON-INTEREST EXPENSE: & & & & & \\ \hline Salaries and employee benefits & & 13,728 & & & & 14,600 & & & & 14,138 & \\ \hline Information technology and related expense & & 4,432 & & & & 4,354 & & & & 4,233 & \\ \hline Occupancy, net & & 3,379 & & & & 3,639 & & & & 3,379 & \\ \hline Regulatory and outside services & & 1,368 & & & & 1,476 & & & & 1,585 & \\ \hline Advertising and promotional & & 1,064 & & & & 1,404 & & & & 838 & \\ \hline Deposit and loan transaction costs & & 697 & & & & 638 & & & & 766 & \\ \hline Federal insurance premium & & 639 & & & & 657 & & & & 621 & \\ \hline Office supplies and related expense & & 468 & & & & 426 & & & & 424 & \\ \hline Other non-interest expense & & 919 & & & & 1,053 & & & & 1,083 & \\ \hline Total non-interest expense & & 26,694 & & & & 28,247 & & & & 27,067 & \\ \hline INCOME BEFORE INCOME TAX EXPENSE & & 27,865 & & & & 23,923 & & & & 23,348 & \\ \hline INCOME TAX EXPENSE & & 5,679 & & & & 5,370 & & & & 4,450 & \\ \hline NET INCOME & $ & 22,186 & & & $ & 18,553 & & & $ & 18,898 & \\ \hline \end{table} **Average Balance Sheets** The following tables present the average balances of our assets, liabilities, and stockholders' equity, and the related annualized weighted average yields and rates on our interest-earning assets and interest-bearing liabilities for the periods indicated, as well as selected performance ratios and other information for the periods shown. Weighted average yields are derived by dividing annualized income by the average balance of the related assets, and weighted average rates are derived by dividing annualized expense by the average balance of the related liabilities, for the periods shown. Average outstanding balances are derived from average daily balances. The weighted average yields and rates include amortization of fees, costs, premiums and discounts, which are considered adjustments to yields/rates. Weighted average yields on tax-exempt securities are not calculated on a fully taxable equivalent basis. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & Average & & Interest & & & & Average & & Interest & & & & Average & & Interest & & \\ \hline & Outstanding & & Earned/ & & Yield/ & & Outstanding & & Earned/ & & Yield/ & & Outstanding & & Earned/ & & Yield/ \\ \hline & Amount & & Paid & & Rate & & Amount & & Paid & & Rate & & Amount & & Paid & & Rate \\ \hline Assets: & (Dollars in thousands) \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline One- to four-family loans: & & & & & & & & & & & & & & & & & \\ \hline Originated & $ & 3,971,049 & & $ & 32,422 & & 3.27 & % & & $ & 3,974,876 & & $ & 32,979 & & 3.32 & % & & $ & 3,949,489 & & $ & 35,961 & & 3.64 & % \\ \hline Correspondent purchased & & 2,035,631 & & & 12,746 & & 2.50 & & & & 2,024,372 & & & 12,942 & & 2.56 & & & & 2,064,912 & & & 12,932 & & 2.50 & \\ \hline Bulk purchased & & 170,537 & & & 610 & & 1.43 & & & & 177,233 & & & 730 & & 1.65 & & & & 205,803 & & & 1,112 & & 2.16 & \\ \hline Total one- to four-family loans & & 6,177,217 & & & 45,778 & & 2.96 & & & & 6,176,481 & & & 46,651 & & 3.02 & & & & 6,220,204 & & & 50,005 & & 3.22 & \\ \hline Commercial loans & & 841,217 & & & 8,943 & & 4.16 & & & & 811,731 & & & 9,378 & & 4.52 & & & & 770,096 & & & 9,404 & & 4.78 & \\ \hline Consumer loans & & 92,794 & & & 1,067 & & 4.56 & & & & 95,449 & & & 1,110 & & 4.61 & & & & 110,048 & & & 1,285 & & 4.65 & \\ \hline Total loans receivable(1) & & 7,111,228 & & & 55,788 & & 3.13 & & & & 7,083,661 & & & 57,139 & & 3.21 & & & & 7,100,348 & & & 60,694 & & 3.41 & \\ \hline MBS(2) & & 1,435,562 & & & 4,625 & & 1.29 & & & & 1,510,421 & & & 4,900 & & 1.30 & & & & 1,302,074 & & & 5,710 & & 1.75 & \\ \hline Investment securities(2)(3) & & 523,931 & & & 808 & & 0.62 & & & & 500,104 & & & 750 & & 0.60 & & & & 431,493 & & & 683 & & 0.63 & \\ \hline FHLB stock & & 73,481 & & & 1,231 & & 6.64 & & & & 72,699 & & & 952 & & 5.19 & & & & 85,187 & & & 1,069 & & 4.99 & \\ \hline Cash and cash equivalents & & 37,221 & & & 14 & & 0.15 & & & & 69,501 & & & 27 & & 0.15 & & & & 201,468 & & & 51 & & 0.10 & \\ \hline Total interest-earning assets & & 9,181,423 & & & 62,466 & & 2.71 & & & & 9,236,386 & & & 63,768 & & 2.75 & & & & 9,120,570 & & & 68,207 & & 2.98 & \\ \hline Other non-interest-earning assets & & 412,115 & & & & & & & 445,371 & & & & & & & 453,422 & & & & \\ \hline Total assets & $ & 9,593,538 & & & & & & $ & 9,681,757 & & & & & & $ & 9,573,992 & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Liabilities and stockholders' equity: & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & \\ \hline Checking & $ & 1,052,413 & & & 179 & & 0.07 & & & $ & 1,023,926 & & & 183 & & 0.07 & & & $ & 900,674 & & & 223 & & 0.10 & \\ \hline Savings & & 520,770 & & & 70 & & 0.05 & & & & 514,253 & & & 71 & & 0.05 & & & & 442,906 & & & 68 & & 0.06 & \\ \hline Money market & & 1,767,134 & & & 825 & & 0.19 & & & & 1,729,080 & & & 907 & & 0.21 & & & & 1,474,720 & & & 1,184 & & 0.32 & \\ \hline Retail certificates & & 2,298,678 & & & 7,835 & & 1.35 & & & & 2,374,089 & & & 8,651 & & 1.45 & & & & 2,591,007 & & & 11,794 & & 1.81 & \\ \hline Commercial certificates & & 169,200 & & & 272 & & 0.64 & & & & 204,262 & & & 352 & & 0.68 & & & & 154,829 & & & 384 & & 0.99 & \\ \hline Wholesale certificates & & 199,692 & & & 86 & & 0.17 & & & & 246,739 & & & 171 & & 0.27 & & & & 251,634 & & & 414 & & 0.66 & \\ \hline Total deposits & & 6,007,887 & & & 9,267 & & 0.61 & & & & 6,092,349 & & & 10,335 & & 0.67 & & & & 5,815,770 & & & 14,067 & & 0.96 & \\ \hline Borrowings(4) & & 1,589,258 & & & 7,585 & & 1.88 & & & & 1,582,554 & & & 7,889 & & 1.97 & & & & 1,775,380 & & & 10,327 & & 2.30 & \\ \hline Total interest-bearing liabilities & & 7,597,145 & & & 16,852 & & 0.88 & & & & 7,674,903 & & & 18,224 & & 0.94 & & & & 7,591,150 & & & 24,394 & & 1.28 & \\ \hline Non-interest-bearing deposits & & 550,492 & & & & & & & 539,575 & & & & & & & 460,190 & & & & \\ \hline Other non-interest-bearing liabilities & & 209,890 & & & & & & & 220,294 & & & & & & & 240,476 & & & & \\ \hline Stockholders' equity & & 1,236,011 & & & & & & & 1,246,985 & & & & & & & 1,282,176 & & & & \\ \hline Total liabilities and stockholders' equity & $ & 9,593,538 & & & & & & $ & 9,681,757 & & & & & & $ & 9,573,992 & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income(5) & & & $ & 45,614 & & & & & & $ & 45,544 & & & & & & $ & 43,813 & & \\ \hline Net interest-earning assets & $ & 1,584,278 & & & & & & $ & 1,561,483 & & & & & & $ & 1,529,420 & & & & \\ \hline Net interest margin(6) & & & & & 1.99 & & & & & & & 1.97 & & & & & & & 1.92 & \\ \hline Ratio of interest-earning assets to interest-bearing liabilities & & 1.21x & & & & & & 1.20x & & & & & & 1.20x \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Selected performance ratios: & & & & & & & & & & & & & & & & & \\ \hline Return on average assets (annualized) & & & & 0.93 & % & & & & & & 0.77 & % & & & & & & 0.79 & % \\ \hline Return on average equity (annualized) & & & & 7.18 & & & & & & & 5.95 & & & & & & & 5.90 & \\ \hline Average equity to average assets & & & & & 12.88 & & & & & & & 12.88 & & & & & & & 13.39 & \\ \hline Operating expense ratio(7) & & & & & 1.11 & & & & & & & 1.17 & & & & & & & 1.13 & \\ \hline Efficiency ratio(8) & & & & & 52.22 & & & & & & & 55.55 & & & & & & & 55.37 & \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Balances are adjusted for unearned loan fees and deferred costs. Loans that are 90 or more days delinquent are included in the loans receivable average balance with a yield of zero percent. \\ \hline (2) & & AFS securities are adjusted for unamortized purchase premiums or discounts. \\ \hline (3) & & The average balance of investment securities includes an average balance of nontaxable securities of $4.0 million, $4.9 million, and $9.1 million for the quarters ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (4) & & The FHLB advance amounts and rates included in this line include the effect of interest rate swaps and are net of deferred prepayment penalties. \\ \hline (5) & & Net interest income represents the difference between interest income earned on interest-earning assets and interest paid on interest-bearing liabilities. Net interest income depends on the average balance of interest-earning assets and interest-bearing liabilities, and the interest rates earned or paid on them. \\ \hline (6) & & Net interest margin represents annualized net interest income as a percentage of average interest-earning assets. \\ \hline (7) & & The operating expense ratio represents annualized non-interest expense as a percentage of average assets. \\ \hline (8) & & The efficiency ratio represents non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. \\ \hline & & \\ \hline \end{table} **Loan Portfolio** The following table presents information related to the composition of our loan portfolio in terms of dollar amounts, weighted average rates, and percentages as of the dates indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & & & & % of & & & & & & % of & & & & & & % of \\ \hline & Amount & & Rate & & Total & & Amount & & Rate & & Total & & Amount & & Rate & & Total \\ \hline & (Dollars in thousands) \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & \\ \hline Originated & $ & 3,941,568 & & & 3.15 & % & & 55.5 & % & & $ & 3,956,064 & & & 3.18 & % & & 55.8 & % & & $ & 3,946,073 & & & 3.39 & % & & 56.2 & % \\ \hline Correspondent purchased & & 1,991,944 & & & 2.97 & & & 28.0 & & & & 2,003,477 & & & 3.02 & & & 28.2 & & & & 1,974,086 & & & 3.40 & & & 28.1 & \\ \hline Bulk purchased & & 165,339 & & & 1.52 & & & 2.3 & & & & 173,662 & & & 1.65 & & & 2.4 & & & & 199,673 & & & 2.24 & & & 2.8 & \\ \hline Construction & & 47,508 & & & 2.76 & & & 0.7 & & & & 39,142 & & & 2.82 & & & 0.6 & & & & 32,871 & & & 3.22 & & & 0.5 & \\ \hline Total & & 6,146,359 & & & 3.05 & & & 86.5 & & & & 6,172,345 & & & 3.09 & & & 87.0 & & & & 6,152,703 & & & 3.36 & & & 87.6 & \\ \hline Commercial: & & & & & & & & & & & & & & & & & \\ \hline Commercial real estate & & 687,518 & & & 3.98 & & & 9.6 & & & & 676,908 & & & 4.00 & & & 9.6 & & & & 609,936 & & & 4.23 & & & 8.7 & \\ \hline Commercial and industrial & & 76,254 & & & 3.85 & & & 1.1 & & & & 66,497 & & & 3.83 & & & 0.9 & & & & 69,378 & & & 3.41 & & & 1.0 & \\ \hline Construction & & 105,702 & & & 4.04 & & & 1.5 & & & & 85,963 & & & 4.03 & & & 1.2 & & & & 84,564 & & & 3.89 & & & 1.2 & \\ \hline Total & & 869,474 & & & 3.98 & & & 12.2 & & & & 829,368 & & & 3.99 & & & 11.7 & & & & 763,878 & & & 4.12 & & & 10.9 & \\ \hline Consumer loans: & & & & & & & & & & & & & & & & & \\ \hline Home equity & & 84,400 & & & 4.59 & & & 1.2 & & & & 86,274 & & & 4.60 & & & 1.2 & & & & 97,717 & & & 4.64 & & & 1.4 & \\ \hline Other & & 7,825 & & & 4.13 & & & 0.1 & & & & 8,086 & & & 4.19 & & & 0.1 & & & & 9,328 & & & 4.40 & & & 0.1 & \\ \hline Total & & 92,225 & & & 4.55 & & & 1.3 & & & & 94,360 & & & 4.57 & & & 1.3 & & & & 107,045 & & & 4.62 & & & 1.5 & \\ \hline Total loans receivable & & 7,108,058 & & & 3.18 & & & 100.0 & % & & & 7,096,073 & & & 3.21 & & & 100.0 & % & & & 7,023,626 & & & 3.46 & & & 100.0 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Less: & & & & & & & & & & & & & & & & & \\ \hline ACL & & 17,535 & & & & & & & & 19,823 & & & & & & & & 26,125 & & & & & \\ \hline Discounts/unearned loan fees & & 29,363 & & & & & & & & 29,556 & & & & & & & & 28,825 & & & & & \\ \hline Premiums/deferred costs & & (34,445 & ) & & & & & & & (34,448 & ) & & & & & & & (35,418 & ) & & & & \\ \hline Total loans receivable, net & $ & 7,095,605 & & & & & & & $ & 7,081,142 & & & & & & & $ & 7,004,094 & & & & & \\ \hline \end{table} Loan Activity: The following table summarizes activity in the loan portfolio, along with weighted average rates where applicable, for the periods indicated, excluding changes in ACL, discounts/unearned loan fees, and premiums/deferred costs. Loans that were paid off as a result of refinances are included in repayments. Loan endorsements are not included in the activity in the following table because a new loan is not generated at the time of the endorsement. The endorsed balance and rate are included in the ending loan portfolio balance and rate. Commercial loan renewals are not included in the activity in the following table unless new funds are disbursed at the time of renewal. The renewal balance and rate are included in the ending loan portfolio balance and rate. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Amount & & Rate & & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Beginning balance & $ & 7,096,073 & & & 3.21 & % & & $ & 7,051,625 & & & 3.26 & % \\ \hline Originated and refinanced & & 258,685 & & & 3.05 & & & & 280,379 & & & 3.05 & \\ \hline Purchased and participations & & 167,216 & & & 2.80 & & & & 204,162 & & & 2.81 & \\ \hline Change in undisbursed loan funds & & (21,926 & ) & & & & & (6,656 & ) & & \\ \hline Repayments & & (391,779 & ) & & & & & (433,374 & ) & & \\ \hline Principal recoveries/(charge-offs), net & & 31 & & & & & & 4 & & & \\ \hline Other & & (242 & ) & & & & & (67 & ) & & \\ \hline Ending balance & $ & 7,108,058 & & & 3.18 & & & $ & 7,096,073 & & & 3.21 & \\ \hline \end{table} One- to Four-Family Loans: The following table presents, for our portfolio of one- to four-family loans, the amount, percent of total, weighted average credit score, weighted average loan-to-value ("LTV") ratio, and average balance per loan as of December 31, 2021. Credit scores were updated in September 2021 from a nationally recognized consumer rating agency. The LTV ratios were based on the current loan balance and either the lesser of the purchase price or original appraisal, or the most recent Bank appraisal, if available. In most cases, the most recent appraisal was obtained at the time of origination. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & % of & & Credit & & \\ \hline & Amount & & Rate & & Total & & Score & & LTV \\ \hline & (Dollars in thousands) \\ \hline Originated & $ & 3,941,568 & & 3.15 & % & & 64.6 & % & & 771 & & 61 & % \\ \hline Correspondent purchased & & 1,991,944 & & 2.97 & & & 32.7 & & & 766 & & 64 & \\ \hline Bulk purchased & & 165,339 & & 1.52 & & & 2.7 & & & 771 & & 58 & \\ \hline & $ & 6,098,851 & & 3.05 & & & 100.0 & % & & 769 & & 62 & \\ \hline \end{table} The following table presents originated and correspondent purchased activity in our one- to four-family loan portfolio, excluding endorsement activity, along with associated weighted average rates, weighted average LTVs and weighted average credit scores for the three months ended December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & Credit \\ \hline & Amount & & Rate & & LTV & & Score \\ \hline & (Dollars in thousands) \\ \hline Originated & $ & 194,107 & & 2.75 & % & & 70 & % & & 764 \\ \hline Correspondent purchased & & 130,553 & & 2.65 & & & 72 & & & 775 \\ \hline & $ & 324,660 & & 2.71 & & & 71 & & & 769 \\ \hline \end{table} The following table summarizes our one- to four-family loan origination and refinance commitments and one- to four-family correspondent loan purchase commitments as of December 31, 2021, along with associated weighted average rates. \begin{table}{|c|c|c|c|c|c|} \hline & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Originate/refinance & $ & 84,954 & & 2.85 & % \\ \hline Correspondent & & 66,225 & & 2.63 & \\ \hline & $ & 151,179 & & 2.75 & \\ \hline \end{table} Commercial Loans: During the current quarter, the Bank originated $49.2 million of commercial loans and entered into commercial loan participations totaling $36.7 million. The Bank also processed commercial loan disbursements, excluding lines of credit, of approximately $70.6 million at a weighted average rate of 3.89%.The following table presents the Bank's commercial real estate and commercial construction loans and loan commitments by type of primary collateral, as of December 31, 2021. Because the commitments to pay out undisbursed funds are not cancellable by the Bank, unless the loan is in default, we generally anticipate fully funding the related projects. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & Unpaid & & Undisbursed & & Gross Loan & & Outstanding & & & & % of \\ \hline & Count & & Principal & & Amount & & Amount & & Commitments & & Total & & Total \\ \hline & & & (Dollars in thousands) \\ \hline Senior housing & 34 & & $ & 237,020 & & & $ & 58,909 & & & $ & 295,929 & & & $ & — & & & $ & 295,929 & & & 27.6 & % \\ \hline Retail building & 140 & & & 170,725 & & & & 44,868 & & & & 215,593 & & & & 4,750 & & & & 220,343 & & & 20.5 & \\ \hline Hotel & 11 & & & 136,717 & & & & 51,755 & & & & 188,472 & & & & 6,300 & & & & 194,772 & & & 18.2 & \\ \hline Office building & 93 & & & 49,717 & & & & 60,134 & & & & 109,851 & & & & 1,420 & & & & 111,271 & & & 10.4 & \\ \hline Multi-family & 37 & & & 55,681 & & & & 10,158 & & & & 65,839 & & & & 6,503 & & & & 72,342 & & & 6.7 & \\ \hline One- to four-family property & 397 & & & 61,599 & & & & 7,693 & & & & 69,292 & & & & 1,716 & & & & 71,008 & & & 6.6 & \\ \hline Single use building & 26 & & & 47,639 & & & & 4,832 & & & & 52,471 & & & & 15,750 & & & & 68,221 & & & 6.4 & \\ \hline Other & 101 & & & 34,122 & & & & 3,765 & & & & 37,887 & & & & 230 & & & & 38,117 & & & 3.6 & \\ \hline & 839 & & $ & 793,220 & & & $ & 242,114 & & & $ & 1,035,334 & & & $ & 36,669 & & & $ & 1,072,003 & & & 100.0 & % \\ \hline Weighted average rate & & & & 3.99 & % & & & 3.92 & % & & & 3.97 & % & & & 4.18 & % & & & 3.98 & % & & \\ \hline \end{table} The following table summarizes the Bank's commercial real estate and commercial construction loans and loan commitments by state as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & Unpaid & & Undisbursed & & Gross Loan & & Outstanding & & & & % of \\ \hline & Count & & Principal & & Amount & & Amount & & Commitments & & Total & & Total \\ \hline & & & (Dollars in thousands) \\ \hline Kansas & 639 & & $ & 335,579 & & $ & 50,753 & & $ & 386,332 & & $ & 9,996 & & $ & 396,328 & & 37.0 & % \\ \hline Texas & 12 & & & 138,982 & & & 130,790 & & & 269,772 & & & 3,350 & & & 273,122 & & 25.5 & \\ \hline Missouri & 163 & & & 221,409 & & & 18,534 & & & 239,943 & & & 21,823 & & & 261,766 & & 24.4 & \\ \hline Colorado & 6 & & & 17,438 & & & 18,114 & & & 35,552 & & & — & & & 35,552 & & 3.3 & \\ \hline Arkansas & 3 & & & 15,414 & & & 18,262 & & & 33,676 & & & — & & & 33,676 & & 3.1 & \\ \hline Nebraska & 6 & & & 33,366 & & & 4 & & & 33,370 & & & — & & & 33,370 & & 3.1 & \\ \hline Other & 10 & & & 31,032 & & & 5,657 & & & 36,689 & & & 1,500 & & & 38,189 & & 3.6 & \\ \hline & 839 & & $ & 793,220 & & $ & 242,114 & & $ & 1,035,334 & & $ & 36,669 & & $ & 1,072,003 & & 100.0 & % \\ \hline \end{table} The following table presents the Bank's commercial loan portfolio and outstanding loan commitments, categorized by gross loan amount (unpaid principal plus undisbursed amounts) or outstanding loan commitment amount, as of December 31, 2021. \begin{table}{|c|c|c|c|c|} \hline & Count & & Amount \\ \hline & (Dollars in thousands) \\ \hline Greater than $30 million & 4 & & $ & 178,756 \\ \hline >$15 to $30 million & 16 & & & 361,649 \\ \hline >$10 to $15 million & 7 & & & 84,921 \\ \hline >$5 to $10 million & 17 & & & 107,297 \\ \hline $1 to $5 million & 113 & & & 255,218 \\ \hline Less than $1 million & 1,270 & & & 190,396 \\ \hline & 1,427 & & $ & 1,178,237 \\ \hline \end{table} As of December 31, 2021 and September 30, 2021, there were commercial loans with an aggregate gross balance, including undisbursed amounts, of $143.5 million and $146.4 million, respectively, with modifications under the Bank's program to support and provide relief to borrowers during the COVID-19 pandemic ("COVID-19 loan modifications") that were still in their deferral period. **Asset Quality** The following tables present loans 30 to 89 days delinquent, non-performing loans, and other real estate owned ("OREO") as of the dates indicated. Loans subject to payment forbearance under the Bank's COVID-19 loan modification program are not reported as delinquent during the forbearance time period. Of the loans 30 to 89 days delinquent at December 31, 2021, approximately 73% were 59 days or less delinquent. Nonaccrual loans are loans that are 90 or more days delinquent or in foreclosure and other loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies, even if the loans are current. Non-performing assets include nonaccrual loans and OREO. Of the one- to four-family COVID-19 loan modifications that had completed the deferral period by December 31, 2021, $5.7 million were 30 to 89 days delinquent and $2.3 million were 90 or more days delinquent as of December 31, 2021. In late March 2020, the Bank suspended the initiation of foreclosure proceedings for owner-occupied one- to four-family loans. At December 31, 2021, there were $5.5 million of non-performing one- to four-family loans for which foreclosure proceedings either had been initiated prior to the foreclosure suspension or would have been initiated if the foreclosure suspension were not in place. The foreclosure suspension was lifted in January 2022 resulting in foreclosure proceedings continuing or starting on a portion of the $5.5 million of such loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Loans Delinquent for 30 to 89 Days at: \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount \\ \hline & (Dollars in thousands) \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 74 & & $ & 7,009 & & & 48 & & $ & 4,156 & & & 51 & & $ & 5,141 & & & 45 & & $ & 4,151 & & & 62 & & $ & 5,844 & \\ \hline Correspondent purchased & 11 & & & 5,133 & & & 7 & & & 2,590 & & & 9 & & & 3,650 & & & 9 & & & 2,910 & & & 13 & & & 4,694 & \\ \hline Bulk purchased & 1 & & & 154 & & & 4 & & & 541 & & & 6 & & & 958 & & & 5 & & & 352 & & & 9 & & & 1,750 & \\ \hline Commercial & 2 & & & 222 & & & 2 & & & 37 & & & 1 & & & 35 & & & 5 & & & 806 & & & 8 & & & 1,047 & \\ \hline Consumer & 16 & & & 164 & & & 25 & & & 498 & & & 25 & & & 354 & & & 17 & & & 287 & & & 30 & & & 515 & \\ \hline & 104 & & $ & 12,682 & & & 86 & & $ & 7,822 & & & 92 & & $ & 10,138 & & & 81 & & $ & 8,506 & & & 122 & & $ & 13,850 & \\ \hline 30 to 89 days delinquent loans & & & & & & & & & & & & & & & & & & & \\ \hline to total loans receivable, net & & & & 0.18 & % & & & & & 0.11 & % & & & & & 0.14 & % & & & & & 0.12 & % & & & & & 0.20 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Non-Performing Loans and OREO at: \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount \\ \hline & (Dollars in thousands) \\ \hline Loans 90 or More Days Delinquent or in Foreclosure: & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 48 & & $ & 3,943 & & & 50 & & $ & 3,693 & & & 53 & & $ & 3,696 & & & 55 & & $ & 4,433 & & & 51 & & $ & 4,370 & \\ \hline Correspondent purchased & 10 & & & 3,115 & & & 10 & & & 3,210 & & & 12 & & & 4,230 & & & 10 & & & 3,749 & & & 9 & & & 3,371 & \\ \hline Bulk purchased & 6 & & & 1,945 & & & 9 & & & 2,974 & & & 7 & & & 2,596 & & & 10 & & & 3,172 & & & 13 & & & 3,724 & \\ \hline Commercial & 6 & & & 1,170 & & & 6 & & & 1,214 & & & 7 & & & 1,278 & & & 6 & & & 1,068 & & & 5 & & & 820 & \\ \hline Consumer & 25 & & & 477 & & & 21 & & & 498 & & & 23 & & & 445 & & & 26 & & & 531 & & & 26 & & & 473 & \\ \hline & 95 & & & 10,650 & & & 96 & & & 11,589 & & & 102 & & & 12,245 & & & 107 & & & 12,953 & & & 104 & & & 12,758 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Loans 90 or more days delinquent or in foreclosure as a percentage of total loans & & & & 0.15 & % & & & & & 0.16 & % & & & & & 0.17 & % & & & & & 0.19 & % & & & & & 0.18 & % \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Nonaccrual loans less than 90 Days Delinquent:(1) & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 5 & & $ & 451 & & & 7 & & $ & 1,288 & & & 7 & & $ & 1,392 & & & 9 & & $ & 1,646 & & & 9 & & $ & 968 & \\ \hline Correspondent purchased & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & \\ \hline Bulk purchased & — & & & — & & & 1 & & & 131 & & & 1 & & & 131 & & & — & & & — & & & — & & & — & \\ \hline Commercial & 3 & & & 62 & & & 4 & & & 419 & & & 3 & & & 403 & & & 4 & & & 642 & & & 3 & & & 411 & \\ \hline Consumer & — & & & — & & & 1 & & & 9 & & & — & & & — & & & — & & & — & & & 1 & & & 9 & \\ \hline & 8 & & & 513 & & & 13 & & & 1,847 & & & 11 & & & 1,926 & & & 13 & & & 2,288 & & & 13 & & & 1,388 & \\ \hline Total nonaccrual loans & 103 & & & 11,163 & & & 109 & & & 13,436 & & & 113 & & & 14,171 & & & 120 & & & 15,241 & & & 117 & & & 14,146 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Nonaccrual loans as a percentage of total loans & & & & 0.16 & % & & & & & 0.19 & % & & & & & 0.20 & % & & & & & 0.22 & % & & & & & 0.20 & % \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline OREO: & & & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated(2) & 2 & & $ & 319 & & & 3 & & $ & 170 & & & 3 & & $ & 177 & & & 2 & & $ & 105 & & & 3 & & $ & 129 & \\ \hline Total non-performing assets & 105 & & $ & 11,482 & & & 112 & & $ & 13,606 & & & 116 & & $ & 14,348 & & & 122 & & $ & 15,346 & & & 120 & & $ & 14,275 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Non-performing assets as a percentage of total assets & & & & 0.12 & % & & & & & 0.14 & % & & & & & 0.15 & % & & & & & 0.16 & % & & & & & 0.15 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies even if the loans are current. \\ \hline (2) & & Real estate-related consumer loans where we also hold the first mortgage are included in the one- to four-family category as the underlying collateral is one- to four-family property. \\ \hline & & \\ \hline \end{table} The following table presents loans classified as special mention or substandard at the dates presented. The decrease in commercial special mention loans at December 31, 2021 compared to September 30, 2021 was due mainly to two commercial loans moving to the pass classification during the current quarter as the underlying economic considerations being monitored by management improved to levels deemed appropriate by the Company. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Special Mention & & Substandard & & Special Mention & & Substandard \\ \hline & (Dollars in thousands) \\ \hline One- to four-family & $ & 12,971 & & $ & 21,835 & & $ & 14,332 & & $ & 23,458 \\ \hline Commercial & & 47,093 & & & 3,362 & & & 99,729 & & & 3,259 \\ \hline Consumer & & 321 & & & 676 & & & 135 & & & 718 \\ \hline & $ & 60,385 & & $ & 25,873 & & $ & 114,196 & & $ & 27,435 \\ \hline \end{table} Allowance for Credit Losses: The Bank is utilizing a discounted cash flow approach for estimating expected credit losses for pooled loans and loan commitments. Management applied qualitative factors at December 31, 2021 to account for the continued economic uncertainties, along with the balance and trending of large-dollar special mention commercial loans, and commercial loan COVID-19 modifications. The economic uncertainties were related to (1) the job market, the unemployment rate and labor participation rate and how the significant federal assistance may be impacting those measures and (2) the unevenness of the recovery in certain industries in which the Bank has lending relationships.The following table presents a summary of changes in ACL and reserve for off-balance sheet credit exposures occurring during the quarter ended December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & ACL & & Reserve for off- balance sheet credit exposures & & ACL and Reserve for off- balance sheet credit exposures \\ \hline & (Dollars in thousands) \\ \hline Balance at September 30, 2021 & $ & 19,823 & & & $ & 5,743 & & & $ & 25,566 & \\ \hline Charge-offs & & (15 & ) & & & — & & & & (15 & ) \\ \hline Recoveries & & 46 & & & & — & & & & 46 & \\ \hline Net recoveries & & 31 & & & & — & & & & 31 & \\ \hline Provision for credit losses & & (2,319 & ) & & & (1,120 & ) & & & (3,439 & ) \\ \hline Balance at December 31, 2021 & $ & 17,535 & & & $ & 4,623 & & & $ & 22,158 & \\ \hline \end{table} The negative provision for credit losses associated with the ACL was primarily due to a reduction in the large-dollar special mention commercial loan qualitative factor due to two large-dollar special mention commercial loans moving to the pass classification during the current quarter, as discussed above. Additionally, economic conditions continued to improve during the current quarter, so the economic uncertainty qualitative factor for commercial loans decreased during the current quarter. The negative provision for credit losses for off-balance sheet credit exposures was mainly related to a reduction in the commercial loan economic uncertainty qualitative factor, also due to the improved economic conditions during the current quarter.The following tables present ACL activity and related ratios at the dates and for the periods indicated. \begin{table}{|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & (Dollars in thousands) \\ \hline Balance at beginning of period & $ & 19,823 & & & $ & 20,724 & \\ \hline Charge-offs: & & & & & \\ \hline One- to four-family & & (4 & ) & & & (22 & ) \\ \hline Commercial & & (10 & ) & & & — & \\ \hline Consumer & & (1 & ) & & & (4 & ) \\ \hline Total charge-offs & & (15 & ) & & & (26 & ) \\ \hline Recoveries: & & & & & \\ \hline One- to four-family & & 9 & & & & 4 & \\ \hline Commercial & & 36 & & & & 12 & \\ \hline Consumer & & 1 & & & & 14 & \\ \hline Total recoveries & & 46 & & & & 30 & \\ \hline Net recoveries (charge-offs) & & 31 & & & & 4 & \\ \hline Provision for credit losses & & (2,319 & ) & & & (905 & ) \\ \hline Balance at end of period & $ & 17,535 & & & $ & 19,823 & \\ \hline & & & & & \\ \hline Ratio of net charge-offs during the period to average loans outstanding during the period & & — & % & & & — & % \\ \hline Ratio of net charge-offs (recoveries) during the period to average non-performing assets & & (0.25 & ) & & & (0.03 & ) \\ \hline ACL to non-performing loans at end of period & & 157.08 & & & & 147.54 & \\ \hline ACL to loans receivable at end of period & & 0.25 & & & & 0.28 & \\ \hline ACL to net charge-offs (annualized) & N/M & (1) & & N/M & (1) \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & This ratio is not presented due to loan recoveries exceeding loan charge-offs during the period. \\ \hline & & \\ \hline \end{table} The distribution of our ACL and the ratio of ACL to loans receivable, by loan type, at the dates indicated is summarized below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Distribution of ACL & & Ratio of ACL to Loans Receivable \\ \hline & December 31, & & September 30, & & December 31, & & September 30, \\ \hline & 2021 & & 2021 & & 2021 & & 2021 \\ \hline & (Dollars in thousands) & & & & \\ \hline One- to four-family: & & & & & & & \\ \hline Originated & $ & 1,611 & & $ & 1,590 & & 0.04 & % & & 0.04 & % \\ \hline Correspondent purchased & & 2,082 & & & 2,062 & & 0.10 & & & 0.10 & \\ \hline Bulk purchased & & 268 & & & 304 & & 0.16 & & & 0.18 & \\ \hline Construction & & 28 & & & 22 & & 0.06 & & & 0.06 & \\ \hline Total & & 3,989 & & & 3,978 & & 0.06 & & & 0.06 & \\ \hline Commercial: & & & & & & & \\ \hline Commercial real estate & & 11,257 & & & 13,706 & & 1.64 & & & 2.02 & \\ \hline Commercial and industrial & & 376 & & & 344 & & 0.49 & & & 0.52 & \\ \hline Construction & & 1,720 & & & 1,602 & & 1.63 & & & 1.86 & \\ \hline Total & & 13,353 & & & 15,652 & & 1.54 & & & 1.89 & \\ \hline Consumer & & 193 & & & 193 & & 0.21 & & & 0.20 & \\ \hline Total & $ & 17,535 & & $ & 19,823 & & 0.25 & & & 0.28 & \\ \hline \end{table} **Securities Portfolio** The following table presents the distribution of our securities portfolio, at amortized cost, at December 31, 2021. Overall, fixed-rate securities comprised 94% of our securities portfolio at December 31, 2021. The weighted average life ("WAL") is the estimated remaining maturity (in years) after three-month historical prepayment speeds and projected call option assumptions have been applied. Weighted average yields on tax-exempt securities are not calculated on a fully tax-equivalent basis. \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Amount & & Yield & & WAL \\ \hline & (Dollars in thousands) \\ \hline MBS & $ & 1,375,711 & & 1.36 & % & & 3.5 \\ \hline U.S. government-sponsored enterprise debentures & & 519,972 & & 0.61 & & & 3.6 \\ \hline Municipal bonds & & 3,344 & & 1.86 & & & 0.1 \\ \hline Total securities portfolio & $ & 1,899,027 & & 1.15 & & & 3.5 \\ \hline \end{table} The following table summarizes the activity in our securities portfolio for the period presented. The weighted average yields for the beginning and ending balances are as of the first and last days of the period presented and are generally derived from recent prepayment activity on the securities in the portfolio. The beginning and ending WALs are the estimated remaining principal repayment terms (in years) after three-month historical prepayment speeds have been applied. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 \\ \hline & Amount & & Yield & & WAL \\ \hline & (Dollars in thousands) \\ \hline Beginning balance - carrying value & $ & 2,014,608 & & & 1.16 & % & & 3.5 \\ \hline Maturities and repayments & & (107,665 & ) & & & & \\ \hline Net amortization of (premiums)/discounts & & (1,764 & ) & & & & \\ \hline Change in valuation on AFS securities & & (14,526 & ) & & & & \\ \hline Ending balance - carrying value & $ & 1,890,653 & & & 1.16 & & & 3.5 \\ \hline \end{table} **Deposit Portfolio** The following table presents the amount, weighted average rate, and percent of total for the components of our deposit portfolio at the dates presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & & & & % of & & & & & & % of & & & & & & % of \\ \hline & Amount & & Rate & & Total & & Amount & & Rate & & Total & & Amount & & Rate & & Total \\ \hline & (Dollars in thousands) \\ \hline Non-interest-bearing checking & $ & 599,969 & & — & % & & 9.0 & % & & $ & 543,849 & & — & % & & 8.2 & % & & $ & 494,375 & & — & % & & 7.7 & % \\ \hline Interest-bearing checking & & 1,092,342 & & 0.07 & & & 16.4 & & & & 1,037,362 & & 0.07 & & & 15.7 & & & & 953,927 & & 0.08 & & & 14.9 & \\ \hline Savings & & 526,714 & & 0.05 & & & 7.9 & & & & 519,069 & & 0.05 & & & 7.9 & & & & 455,633 & & 0.06 & & & 7.1 & \\ \hline Money market & & 1,840,049 & & 0.19 & & & 27.7 & & & & 1,753,525 & & 0.19 & & & 26.6 & & & & 1,488,749 & & 0.31 & & & 23.2 & \\ \hline Retail certificates of deposit & & 2,254,560 & & 1.31 & & & 33.9 & & & & 2,341,531 & & 1.41 & & & 35.5 & & & & 2,570,135 & & 1.75 & & & 40.1 & \\ \hline Commercial certificates of deposit & & 137,419 & & 0.64 & & & 2.1 & & & & 190,215 & & 0.66 & & & 2.9 & & & & 207,813 & & 0.83 & & & 3.2 & \\ \hline Public unit certificates of deposit & & 196,951 & & 0.17 & & & 3.0 & & & & 211,845 & & 0.21 & & & 3.2 & & & & 240,210 & & 0.64 & & & 3.8 & \\ \hline & $ & 6,648,004 & & 0.53 & & & 100.0 & % & & $ & 6,597,396 & & 0.59 & & & 100.0 & % & & $ & 6,410,842 & & 0.84 & & & 100.0 & % \\ \hline \end{table} **Borrowings** The following table presents the maturity of term borrowings, which consist entirely of FHLB advances, along with associated weighted average contractual and effective rates as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Term Borrowings Amount & & & & \\ \hline Maturity by & & FHLB & & Interest rate & & Contractual & & Effective \\ \hline Fiscal Year & & Advances & & swaps(1) & & Rate & & Rate(2) \\ \hline & & (Dollars in thousands) & & & \\ \hline 2022 & & $ & 75,000 & & $ & — & & 0.29 & % & & 0.29 & % \\ \hline 2023 & & & 300,000 & & & — & & 1.70 & & & 1.81 & \\ \hline 2024 & & & 150,000 & & & 165,000 & & 1.32 & & & 2.46 & \\ \hline 2025 & & & 300,000 & & & 100,000 & & 1.33 & & & 2.09 & \\ \hline 2026 & & & 250,000 & & & — & & 0.96 & & & 1.27 & \\ \hline 2027 & & & 150,000 & & & — & & 0.93 & & & 1.24 & \\ \hline 2028 & & & — & & & 100,000 & & 0.56 & & & 3.44 & \\ \hline & & $ & 1,225,000 & & $ & 365,000 & & 1.20 & & & 1.90 & \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Represents adjustable-rate FHLB advances for which the Bank has entered into interest rate swaps with a notional amount of $365.0 million to hedge the variability in cash flows associated with the advances. These advances are presented based on their contractual maturity dates and will be renewed periodically until the maturity or termination of the interest rate swaps. The expected WAL of the interest rate swaps was 3.8 years at December 31, 2021. \\ \hline (2) & & The effective rate includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. \\ \hline & & \\ \hline \end{table} The following table presents borrowing activity for the period shown. The borrowings presented in the table have original contractual terms of one year or longer or are tied to interest rate swaps with original contractual terms of one year or longer. The effective rate is shown as a weighted average and includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The weighted average maturity ("WAM") is the remaining weighted average contractual term in years and includes the impact of interest rate swaps. The beginning and ending WAMs represent the remaining maturity at each date presented. For new borrowings, the WAMs presented are as of the date of issue. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 \\ \hline & & & Effective & & \\ \hline & Amount & & Rate & & WAM \\ \hline & (Dollars in thousands) \\ \hline Beginning balance & $ & 1,590,000 & & & 1.88 & % & & 3.3 \\ \hline Maturities and prepayments & & (100,000 & ) & & 3.14 & & & \\ \hline New FHLB borrowings & & 100,000 & & & 3.44 & & & 6.5 \\ \hline Ending balance & $ & 1,590,000 & & & 1.90 & & & 3.1 \\ \hline \end{table} **Maturities of Interest-Bearing Liabilities** The following table presents the maturity and weighted average repricing rate, which is also the weighted average effective rate, of certificates of deposit, split between retail/commercial and public unit amounts, and term borrowings for the next four quarters as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & March 31, & & June 30, & & September 30, & & December 31, & & \\ \hline & & 2022 & & & & 2022 & & & & 2022 & & & & 2022 & & & Total \\ \hline & (Dollars in thousands) \\ \hline Retail/Commercial Certificates: & & & & & & & & \\ \hline Amount & $ & 335,106 & & & $ & 372,663 & & & $ & 425,009 & & & $ & 314,564 & & & $ & 1,447,342 & \\ \hline Repricing Rate & & 1.12 & % & & & 1.01 & % & & & 1.39 & % & & & 1.24 & % & & & 1.20 & % \\ \hline Public Unit Certificates: & & & & & & & & & \\ \hline Amount & $ & 83,428 & & & $ & 66,181 & & & $ & 29,003 & & & $ & 5,000 & & & $ & 183,612 & \\ \hline Repricing Rate & & 0.25 & % & & & 0.11 & % & & & 0.09 & % & & & 0.10 & % & & & 0.17 & % \\ \hline Term Borrowings:(1) & & & & & & & & & \\ \hline Amount & $ & — & & & $ & — & & & $ & 75,000 & & & $ & — & & & $ & 75,000 & \\ \hline Repricing Rate & & — & % & & & — & % & & & 0.29 & % & & & — & % & & & 0.29 & % \\ \hline Total & & & & & & & & & \\ \hline Amount & $ & 418,534 & & & $ & 438,844 & & & $ & 529,012 & & & $ & 319,564 & & & $ & 1,705,954 & \\ \hline Repricing Rate & & 0.94 & % & & & 0.88 & % & & & 1.17 & % & & & 1.22 & % & & & 1.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & The maturity date for FHLB advances tied to interest rate swaps is based on the maturity date of the related interest rate swap \\ \hline & & \\ \hline \end{table} The following table sets forth the WAM information for our certificates of deposit, in years, as of December 31, 2021. \begin{table}{|c|c|c|} \hline Retail certificates of deposit & & 1.2 \\ \hline Commercial certificates of deposit & & 0.5 \\ \hline Public unit certificates of deposit & & 0.4 \\ \hline Total certificates of deposit & & 1.1 \\ \hline \end{table} **Average Rates and Lives** At December 31, 2021, the Bank's gap between the amount of interest-earning assets and interest-bearing liabilities projected to reprice within one year was $(928.0) million, or (9.7)% of total assets, compared to $(664.1) million, or (6.9)% of total assets, at September 30, 2021. The change in the one-year gap amount was due primarily to an increase in the amount of non-maturity deposits projected to reprice within one year at December 31, 2021 compared to September 30, 2021. In addition, the amount of assets projected to reprice decreased due to higher interest rates, which resulted in slower prepay projections on the Bank's mortgage-related assets at December 31, 2021 compared to September 30, 2021.The majority of interest-earning assets anticipated to reprice in the coming year are repayments and prepayments on one- to four-family loans and mortgage-backed securities, both of which include the option to prepay without a fee being paid by the contract holder. The amount of interest-bearing liabilities expected to reprice in a given period is not typically significantly impacted by changes in interest rates, because the Bank's borrowings and certificate of deposit portfolios have contractual maturities and generally cannot be terminated early without a prepayment penalty. If interest rates were to increase 200 basis points, as of December 31, 2021, the Bank's one-year gap is projected to be $(1.44) billion, or (15.0)% of total assets. The change in the gap compared to when there is no change in rates is due to lower anticipated net cash flows primarily due to lower repayments on mortgage-related assets in the higher rate environment. This compares to a one-year gap of $(1.29) billion, or (13.4)% of total assets, if interest rates were to have increased 200 basis points as of September 30, 2021.The following table presents the weighted average yields/rates and WALs (in years), after applying prepayment, call assumptions, and decay rates for our interest-earning assets and interest-bearing liabilities as of December 31, 2021. Yields presented for interest-earning assets include the amortization of fees, costs, premiums and discounts, which are considered adjustments to the yield. The interest rate presented for term borrowings is the effective rate, which includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The WAL presented for term borrowings includes the effect of interest rate swaps. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Amount & & Yield/Rate & & WAL & & % of Category & & % of Total \\ \hline & (Dollars in thousands) \\ \hline Securities & $ & 1,890,653 & & 1.15 & % & & 4.0 & & & & 20.5 & % \\ \hline Loans receivable: & & & & & & & & & \\ \hline Fixed-rate one- to four-family & & 5,563,567 & & 3.11 & & & 5.6 & & 78.3 & % & & 60.4 & \\ \hline Fixed-rate commercial & & 454,400 & & 4.15 & & & 3.6 & & 6.4 & & & 4.9 & \\ \hline All other fixed-rate loans & & 59,954 & & 3.52 & & & 6.7 & & 0.9 & & & 0.7 & \\ \hline Total fixed-rate loans & & 6,077,921 & & 3.19 & & & 5.5 & & 85.6 & & & 66.0 & \\ \hline Adjustable-rate one- to four-family & & 535,284 & & 2.39 & & & 4.1 & & 7.5 & & & 5.8 & \\ \hline Adjustable-rate commercial & & 415,074 & & 4.07 & & & 7.2 & & 5.8 & & & 4.5 & \\ \hline All other adjustable-rate loans & & 79,779 & & 4.23 & & & 2.5 & & 1.1 & & & 0.9 & \\ \hline Total adjustable-rate loans & & 1,030,137 & & 3.21 & & & 5.2 & & 14.4 & & & 11.2 & \\ \hline Total loans receivable & & 7,108,058 & & 3.19 & & & 5.4 & & 100.0 & % & & 77.2 & \\ \hline FHLB stock & & 75,261 & & 6.56 & & & 3.1 & & & & 0.8 & \\ \hline Cash and cash equivalents & & 135,475 & & 0.12 & & & — & & & & 1.5 & \\ \hline Total interest-earning assets & $ & 9,209,447 & & 2.75 & & & 5.0 & & & & 100.0 & % \\ \hline & & & & & & & & & \\ \hline Non-maturity deposits & $ & 3,459,105 & & 0.13 & & & 5.6 & & 57.2 & % & & 45.3 & % \\ \hline Retail certificates of deposit & & 2,254,560 & & 1.31 & & & 1.2 & & 37.3 & & & 29.5 & \\ \hline Commercial certificates of deposit & & 137,419 & & 0.64 & & & 0.5 & & 2.3 & & & 1.8 & \\ \hline Public unit certificates of deposit & & 196,951 & & 0.17 & & & 0.4 & & 3.2 & & & 2.6 & \\ \hline Total deposits & & 6,048,035 & & 0.58 & & & 3.7 & & 100.0 & % & & 79.2 & \\ \hline Term borrowings & & 1,590,000 & & 1.90 & & & 3.1 & & & & 20.8 & \\ \hline Total interest-bearing liabilities & $ & 7,638,035 & & 0.86 & & & 3.5 & & & & 100.0 & % \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005032r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005032/en/](https://www.businesswire.com/news/home/20220128005032/en/) Kent Townsend Executive Vice President, Chief Financial Officer and Treasurer (785) 231-6360 [[email protected]](mailto:[email protected]) Investor Relations (785) 270-6055 [[email protected]](mailto:[email protected]) Source: Capitol Federal Financial, Inc.
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: This Buffett Stock Has More Than 60% Upside Potential, According to Wall Street
Article: While Charlie Munger is not as well known as his counterpart Warren Buffett, the two have worked together at **Berkshire Hathaway** [(NYSE: BRK.A)](https://www.nasdaq.com/market-activity/stocks/brk.a) [(NYSE: BRK.B)](https://www.nasdaq.com/market-activity/stocks/brk.b) since 1979. Their distinct value investing style is iconic, and they know a bargain when they see one. While Munger's main allegiance is with Berkshire, he also manages **Daily Journal Corporation**'s [(NASDAQ: DJCO)](https://www.nasdaq.com/market-activity/stocks/djco) investment portfolio.The Daily Journal's latest 13F filing -- a report filed to the SEC when a managed portfolio has assets of more than $100 million -- showed a 99% increase in ownership of **Alibaba** [(NYSE: BABA)](https://www.nasdaq.com/market-activity/stocks/baba), which now makes up 28% of the Daily Journal's portfolio. Caught in the crossfire between the Chinese and U.S. governments, Alibaba has had multiple negative news headlines plague its stock over the last year. With an average Wall Street analyst price target of $201.94 and a current price in the low $120s, the stock has more than 60% upside. Does that mean you should join Charlie Munger and buy Alibaba shares? [A crowded street in China.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F660652%2Fchina-street.jpg&w=700) Image source: Getty Images. **A worldwide giant** Alibaba can be described as a Chinese **Amazon** [(NASDAQ: AMZN)](https://www.nasdaq.com/market-activity/stocks/amzn). It operates an e-commerce platform that is accessible in China and across the globe. Its retail sales are more than 12 times greater in China than internationally, with revenue of CNY 127 billion ($20 billion USD) in China versus CNY 10 billion internationally ($1.6 billion) during its second quarter (ending Sept. 30, 2021). Sales in both geographic regions grew 33% year over year, better than Amazon's 4% sales increase in the comparable period.Cloud computing is another shared segment between Alibaba and Amazon. However, the future of the Alibaba cloud in the U.S. is questionable. The Biden administration recently opened a probe into how the cloud segment stores U.S. personal data. The U.S. government does not want China to have access to business or consumer information stored on Alibaba's cloud servers. Last quarter, its cloud computing segment grew 33% to CNY 20 billion ($3.1 billion), but if the company is barred from operating in the U.S. it could have a serious financial impact.Alibaba also has a 33% stake in Ant Group, a fintech company. Ant Group provides many modern financial services like buy now, pay later and Alipay, China's leading digital payment platform, to its customers. It was [scheduled to go public](https://www.fool.com/investing/stock-market/types-of-stocks/ipo-stocks/what-is-an-ipo/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) in the U.S. at around a $200 billion valuation, but the Chinese government halted the IPO, preventing Alibaba from profiting from its investment in the short-term. As of now, there are no plans for the IPO to go ahead. **A cheap stock with strong financials?**During Q2, Alibaba's revenue grew 29% across all segments. It brought in CNY 200 billion ($31.6 billion) and sported a 7.5% operating margin. Alibaba had some unfavorable investment income during Q2, which drove down its earnings. Management expects 20% to 23% revenue growth throughout 2022. This would mark a significant revenue slowdown for Alibaba, so ensuing earnings reports must be examined to keep up with these expectations. Alibaba has an extremely low valuation relative its historical levels, trading at only 16 times earnings. It has seen its price-to-earnings (P/E) ratio drop significantly over the last three years. This stat is is exaggerated by Alibaba's low earnings in Q2: [The denominator in the ratio is artificially low](https://www.fool.com/investing/how-to-invest/stocks/price-to-earnings-ratio/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20).[](https://ycharts.com/companies/BABA/chart/)[BABA PE Ratio](https://ycharts.com/companies/BABA/pe_ratio) data by [YCharts](https://ycharts.com/) At this range, many would consider Alibaba a value play. Without that designation, Charlie Munger likely would not have invested in it. When evaluating the stock using the price-to-sales ratio, the decline in valuation is even more dramatic.[](https://ycharts.com/companies/BABA/chart/)[BABA PS Ratio](https://ycharts.com/companies/BABA/ps_ratio) data by [YCharts](https://ycharts.com/) It's hard to deny how cheap Alibaba's stock is, but are the risks of owning the stock driving this low valuation?**Plenty of risks** Alibaba is associated with a lot of geopolitical risks. The U.S. government has contemplated delisting Chinese stocks from U.S. exchanges for not complying with regulatory standards the rest of the listed companies must follow. Should this happen, the companies will likely relist on the Hong Kong exchange. While this may be annoying, brokerages will handle this transition, and any shares owned can still be traded. This should give shareholders confidence that their investment won't go to zero should the delisting occur.Alibaba and Ant Group's founder, Jack Ma, found trouble with the Chinese government in early 2021 after speaking out against how the government regulates business. After the comments, he disappeared from public life for about three months. If the government can control China's former richest man, then it can impose its will on all of Alibaba's management and potentially force it to do what is right for China, not for shareholders. Additionally, China levied a $2.8 billion antitrust fine in September against Alibaba for allegedly not allowing its merchants to list on other commerce platforms. Both the Chinese and U.S. governments have their eyes on Alibaba, and investors must be aware.Overall, Alibaba is an [attractively valued stock](https://www.fool.com/investing/2022/01/08/my-best-wildly-undervalued-stock-for-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) with a solid business and a great investment in Ant Group. However, too many risks are present for me to invest in the business right now. If investors can stomach the risks, I think they can still do well by buying and holding the stock for at least three to five years. In the meantime, [price swings](https://www.fool.com/investing/2022/01/24/why-alibaba-stock-slipped-on-monday/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) caused by political headlines will be rampant, but those will probably have more bark than bite. **10 stocks we like better than Alibaba Group Holding Ltd. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=14d62f20-912d-4246-9991-4f8361b9e4ec&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlibaba%2520Group%2520Holding%2520Ltd.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20) for investors to buy right now… and Alibaba Group Holding Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=14d62f20-912d-4246-9991-4f8361b9e4ec&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlibaba%2520Group%2520Holding%2520Ltd.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=d024716a-b8f9-408f-ab11-379f52dfaf20)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. [Keithen Drury](https://boards.fool.com/profile/TMFTripleOption/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Amazon and Berkshire Hathaway (B shares). The Motley Fool recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: TPG RE Finance Trust, Inc. Announces CEO Appointment
Article: Incoming CEO Doug Bouquard also named Partner of TPG NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that its Board of Directors has appointed Doug Bouquard as Chief Executive Officer and elected him as a director, in each case effective April 25, 2022. Bouquard will also become a Partner of TPG (NASDAQ: TPG) and TPG Real Estate, the firm’s dedicated real estate investment platform.Bouquard will join TRTX’s senior management team alongside its President, Matt Coleman; Chief Financial Officer, Bob Foley; General Counsel, Vice President, and Secretary, Deborah Ginsberg; and Chief Investment Officer and Vice President, Peter Smith. His appointment marks the culmination of an extensive search conducted by TPG and the TRTX Board of Directors.“Doug has nearly two decades of experience in real estate credit, and his appointment is a continuation of the firm’s strategy to grow a differentiated real estate investment platform,” said Jon Winkelried, CEO of TPG. “Doug shares our commitment to investing with excellence, and we are excited to have him on board.”Bouquard joins TRTX from Goldman Sachs, where he most recently served as a Managing Director and Head of US Commercial Real Estate Debt in the Global Markets Division. In this role, he had oversight of the firm’s commercial real estate debt origination activities, including securitized lending, balance sheet lending, and commercial real estate warehouse financing, as well as commercial real estate securities issuance.“On behalf of the Board, I am pleased to welcome Doug to TRTX,” said Avi Banyasz, Chairman of the Board of TRTX and Co-Head of TPG Real Estate. “Doug is a proven leader in our industry with a strong track record and extensive investment experience. He is well-suited to lead TRTX through its next chapter as the Company works to serve our clients and maximize long-term value for our shareholders.”Prior to his current role at Goldman Sachs, Bouquard was responsible for various mortgage lending and trading businesses. He joined Goldman Sachs in 2004 as an analyst in the mortgage trading department and was named Managing Director in 2013. Bouquard earned a B.A. from Colgate University. He is a trustee, Chairman of the Investment Committee, and member of the Executive Committee of The Hill School.“I have long admired TRTX and am excited to join TPG at such an important time in the firm’s history,” said Bouquard. “The TRTX team brings a strong combination of experience and innovation to the market, and I look forward to furthering the Company’s position as a leading real estate debt franchise.”Bouquard’s appointment follows a strong year for TRTX, with 2021 loan originations of $1.9 billion focused in key thematic areas including multifamily and life sciences. The Company also completed several important capital market transactions, including a $1.25 billion managed CRE CLO, TRTX 2021-FL4, and the issuance of 6.25% Series C Cumulative Redeemable Preferred Stock. **About TRTX** TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG. For more information regarding TRTX, visit [https://www.tpgrefinance.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tpgrefinance.com%2F&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=https%3A%2F%2Fwww.tpgrefinance.com%2F&index=1&md5=be800ad953bd550db82f9a1a8615414a). **About TPG** TPG is a leading global alternative asset management firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. **Forward-Looking Statements** The information contained in this press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to various risks and uncertainties, including the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 and in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=www.sec.gov&index=2&md5=d7f73162f656f0e0d9791c4a8b54538b). Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, or state other forward-looking information. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005076r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005076/en/](https://www.businesswire.com/news/home/20220128005076/en/) **Media** Luke Barrett [[email protected] ](mailto:[email protected])415-743-1550**Investor Relations** TRTX [[email protected] ](mailto:[email protected])212-405-8500TPG Gary Stein [[email protected] ](mailto:[email protected])212-601-4750 Source: TPG RE Finance Trust, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: DQ
Security: Daqo New Energy Corp.
Related Stocks/Topics: Stocks
Title: Daqo New Energy (DQ) Stock Sinks As Market Gains: What You Should Know
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Daqo New Energy (DQ) closed at $35.87 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the solar panel parts maker had lost 11.9% over the past month. This has lagged the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. The company is expected to report EPS of $3.58, up 272.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $765.4 million, up 208.97% from the year-ago period.Investors should also note any recent changes to analyst estimates for Daqo New Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Daqo New Energy is currently a Zacks Rank #3 (Hold).In terms of valuation, Daqo New Energy is currently trading at a Forward P/E ratio of 2.59. Its industry sports an average Forward P/E of 16.26, so we one might conclude that Daqo New Energy is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [DAQO New Energy Corp. (DQ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DQ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859384/daqo-new-energy-dq-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384)
Stock Price 4 days before: 35.53
Stock Price 2 days before: 38.846
Stock Price 1 day before: 36.9288
Stock Price at release: 36.1407
Risk-Free Rate at release: 0.0004
| 43.6333 |
Broader Economic Information:
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Broader Industry Information:
Broader Sector Information:
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Date: 2022-01-28
Title: Matthews International (MATW) Tops Q1 Earnings and Revenue Estimates
Article: Matthews International (MATW) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.04%. A quarter ago, it was expected that this casket and memorial manufacturer would post earnings of $0.73 per share when it actually produced earnings of $0.80, delivering a surprise of 9.59%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Matthews International, which belongs to the Zacks Funeral Services industry, posted revenues of $438.58 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 13.74%. This compares to year-ago revenues of $386.66 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Matthews International shares have lost about 7.3% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Matthews International?**While Matthews International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MATW/earnings-calendar), the estimate revisions trend for Matthews International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $421.5 million in revenues for the coming quarter and $2.93 on $1.7 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Funeral Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hillenbrand (HI), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 2.This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Hillenbrand's revenues are expected to be $713 million, up 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Matthews International Corporation (MATW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MATW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Hillenbrand Inc (HI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858751/matthews-international-matw-tops-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: DocGo Announces Record Preliminary Fourth Quarter 2021 Revenue
Article: **Full year and fourth quarter revenue of $305.0 million and $107.8 million, respectively, more than triple versus prior year periods** NEW YORK--(BUSINESS WIRE)-- [DocGo](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.docgo.com%2F&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=DocGo&index=1&md5=03c528a81550613960598f8fe37da6ac), (Nasdaq: DCGO), a leading provider of last-mile mobile health services and integrated medical mobility solutions, announced today select preliminary unaudited financial results for its fourth quarter ended December 31, 2021.“Our preliminary unaudited fourth quarter and full year results we are providing today reflect the increasing momentum of our business, specifically 246% revenue growth quarter-over-quarter and 224% growth for the full year over 2020,” said Stan Vashovsky, CEO of DocGo. “We are pleased with our fourth quarter results which excluding COVID related testing revenues reflect approximately 200% year over year growth in revenue, with ongoing positive momentum in the core business. We fill a significant void in the medical care continuum that is increasingly recognized by corporations, health systems and government agencies, and we are excited by the opportunities that are ahead of us in 2022. I look forward to a very successful year.”“It is worth noting that on a go forward basis, we do not intend to provide select preliminary results on a regular basis and will instead report complete financial and operating results in our regularly scheduled quarterly earnings releases,” Mr. Vashovsky concluded. **Preliminary Fourth Quarter Financial Highlights** - On a preliminary basis, total revenue was $107.8 million in the fourth quarter of 2021, representing record quarterly revenue for the seventh consecutive quarter for DocGo, and a 246% increase from $31.2 million in the fourth quarter of 2020. - Results were aided by the inclusion of revenues from several large new and expanded Mobile Health contracts. - On a preliminary basis, Mobile Health revenue increased to approximately $89.6 million in the fourth quarter of 2021, compared to $15.8 million in the prior-year period. Medical transport revenue was approximately $18.2 million, up 18% from $15.4 million in Q4 of 2020. - On a preliminary basis, DocGo's net income was $2.5 million in the fourth quarter of 2021, which represents a substantial improvement over the net loss of $4.4 million in the fourth quarter of last year. Adjusted EBITDA grew to approximately $5.4 million in the fourth quarter of 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $2.9 million in the prior-year period. - For the full year, on a preliminary basis, DocGo generated $305 million in revenue in 2021, an increase of 224% from $94.1 million in 2020. Mobile Health revenue increased to approximately $221.1 million in 2021, compared to $31 million in 2020. Medical transport revenue was approximately $83.9 million in 2021, up 33% from $63.1 million in 2020. - On a preliminary basis, DocGo's net income was $1.4 million for the full year 2021, which represents a substantial improvement over the net loss of $14.8 million in 2020. Adjusted EBITDA grew to approximately $13.0 million in 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $8.1 million in 2020. - The company expects to report full year 2021 audited results in late February or early March and expects to provide formal 2022 guidance at that time. **Recent Business Highlights** - All municipal testing programs will extend into 2022 and signed several new agreements to expand those services. - Expanded mobile health services in several markets, including offering monoclonal antibody treatments in the state of Nevada. - To meet the growing demand for services, hired 926 new employees in Q4 2021, bringing total hires for calendar year 2021 to 2,340, and total number of medical providers and agency staff to over 3,877 as of year end. - Named Aaron Severs as Chief Product Officer to lead consumer product strategy, and spearhead development of a comprehensive B2C offering. - Launched tuition-free training programs for our clinicians, EMS workers and healthcare professionals to improve employee recruitment and retention efforts. The foregoing unaudited preliminary financial results represent the most current information available to DocGo and are based on calculations or figures prepared internally that have not yet been reviewed by DocGo’s independent registered public accounting firm. Actual fourth quarter and year-to-date financial results may be materially different from the preliminary results described above and are subject to the risk factors and uncertainties identified in this press release and in the filings with the Securities and Exchange Commission (SEC) made by DocGo. **About DocGo** DocGo is a leading provider of last-mile Mobile Health services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit [www.docgo.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.docgo.com&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=www.docgo.com&index=2&md5=d3e07176f187f3f7af2b4eb88b0ceb33). **Cautionary Statement Regarding Preliminary Estimated Results** The financial results for DocGo’s fourth quarter ended December 31, 2021, are preliminary, unaudited and subject to finalization. They reflect DocGo management's current views and may change as a result of DocGo's further review of results and other factors, including a wide variety of significant business, economic and competitive risks and uncertainties. Such preliminary results should not be viewed as a substitute for full quarterly financial statements and accompanying footnotes prepared in accordance with GAAP. DocGo cautions you that these preliminary results are not guarantees of future performance or outcomes, and that actual results may differ materially from those described above. For more information regarding factors that could cause actual results to differ from those described above, please see "Cautionary Statement Regarding Forward-Looking Statements" below.The preliminary third quarter financial results have been prepared by, and are the responsibility of, DocGo's management. DocGo's independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary estimated financial information, and does not express an opinion or any other form of assurance with respect thereto. **Cautionary Statement Regarding Forward-Looking Statements** This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning DocGo. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, and (iii) other statements identified by words such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict" "project", "aim", "goal", "outlook", "guidance", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the company to comply with laws and regulations regarding data privacy and protection. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise. **Non-GAAP Financial Measure**"GAAP" refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This announcement includes Adjusted EBITDA, a measure calculated other than in accordance with GAAP. This non-GAAP financial measure is provided in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP. DocGo defines Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization, stock-based compensation, litigation provisions and merger-related expenses. Internally, this non-GAAP measure is used by management for purposes of evaluating DocGo's core operating performance, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts, strategic planning, evaluating and valuing potential acquisition candidates, and benchmarking performance externally against competitors. DocGo believes this non-GAAP financial information provides additional insight into our financial performance and future prospects of the company's core business and have therefore chosen to provide this information to investors to help them evaluate our results of operations and enhance the ability to make period-to-period comparisons. Other companies, including companies in our industry, may not use Adjusted EBITDA or may calculate it differently than as presented below, limiting Its usefulness as a comparative measure. In evaluating these non-GAAP measures, you should be aware that in the future we will incur expenses that are the same as or similar to some of the adjustments made in the calculations of Adjusted EBITDA and our presentation of it herein should not be construed to mean that our future results will be unaffected by such adjustments. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Reconciliation of Net Income to Adjusted EBITDA \\ \hline & & \\ \hline & Q4 & YTD \\ \hline & & 2020 & & 2021 & & & 2020 & & 2021 & \\ \hline Net income/(loss) (GAAP) & & -$4.4 & & $2.5 & & & -$14.8 & & $1.4 & \\ \hline (+) Net Interest/expense/ (income) & & -$0.2 & & $0.2 & & & $0.2 & & $1.0 & \\ \hline (+) Income tax & & $0.1 & & $0.3 & & & $0.2 & & $0.6 & \\ \hline (+) Depreciation & amortization & & $1.4 & & $2.2 & & & $5.4 & & $7.8 & \\ \hline & & & & & & & & & & \\ \hline EBITDA & & -$3.1 & & $5.2 & & & -$9.0 & & $10.8 & \\ \hline & & & & & & & & & & \\ \hline (+) Non-cash stock compensation & & $0.2 & & $0.1 & & & $0.7 & & $1.3 & \\ \hline (+) Non-recurring expense & & $0.0 & & $0.1 & & & $0.2 & & $0.9 & \\ \hline Adjusted EBITDA & & -$2.9 & & $5.4 & & & -$8.1 & & $13.0 & \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005115r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005115/en/](https://www.businesswire.com/news/home/20220128005115/en/) **Investors:**Steve Halper LifeSci Advisors 646-876-6455 [[email protected] ](mailto:[email protected]) [[email protected]](mailto:[email protected])**Media:**Natalie Weddle Crowe PR [[email protected] ](mailto:[email protected])(646) 916-5314 Source: DocGo
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: UNFI
Security: United Natural Foods, Inc.
Related Stocks/Topics: Stocks|HELE|MDLZ|MED
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Type: News
Publication: Zacks
Publication Author: Vrishali Bagree
Date: 2022-01-28
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 36.0976
Stock Price 2 days before: 37.1596
Stock Price 1 day before: 37.1199
Stock Price at release: 36.3683
Risk-Free Rate at release: 0.0004
| 39.787 |
Broader Economic Information:
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Broader Industry Information:
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Symbol: HELE
Security: Helen of Troy Limited
Related Stocks/Topics: Stocks|UNFI|MDLZ|MED
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Type: News
Publication: Zacks
Publication Author: Vrishali Bagree
Date: 2022-01-28
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 213.199
Stock Price 2 days before: 212.875
Stock Price 1 day before: 208.73
Stock Price at release: 203.484
Risk-Free Rate at release: 0.0004
| 204.019 |
Broader Economic Information:
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Broader Industry Information:
Date: 2022-01-28
Title: TPG RE Finance Trust, Inc. Announces CEO Appointment
Article: Incoming CEO Doug Bouquard also named Partner of TPG NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that its Board of Directors has appointed Doug Bouquard as Chief Executive Officer and elected him as a director, in each case effective April 25, 2022. Bouquard will also become a Partner of TPG (NASDAQ: TPG) and TPG Real Estate, the firm’s dedicated real estate investment platform.Bouquard will join TRTX’s senior management team alongside its President, Matt Coleman; Chief Financial Officer, Bob Foley; General Counsel, Vice President, and Secretary, Deborah Ginsberg; and Chief Investment Officer and Vice President, Peter Smith. His appointment marks the culmination of an extensive search conducted by TPG and the TRTX Board of Directors.“Doug has nearly two decades of experience in real estate credit, and his appointment is a continuation of the firm’s strategy to grow a differentiated real estate investment platform,” said Jon Winkelried, CEO of TPG. “Doug shares our commitment to investing with excellence, and we are excited to have him on board.”Bouquard joins TRTX from Goldman Sachs, where he most recently served as a Managing Director and Head of US Commercial Real Estate Debt in the Global Markets Division. In this role, he had oversight of the firm’s commercial real estate debt origination activities, including securitized lending, balance sheet lending, and commercial real estate warehouse financing, as well as commercial real estate securities issuance.“On behalf of the Board, I am pleased to welcome Doug to TRTX,” said Avi Banyasz, Chairman of the Board of TRTX and Co-Head of TPG Real Estate. “Doug is a proven leader in our industry with a strong track record and extensive investment experience. He is well-suited to lead TRTX through its next chapter as the Company works to serve our clients and maximize long-term value for our shareholders.”Prior to his current role at Goldman Sachs, Bouquard was responsible for various mortgage lending and trading businesses. He joined Goldman Sachs in 2004 as an analyst in the mortgage trading department and was named Managing Director in 2013. Bouquard earned a B.A. from Colgate University. He is a trustee, Chairman of the Investment Committee, and member of the Executive Committee of The Hill School.“I have long admired TRTX and am excited to join TPG at such an important time in the firm’s history,” said Bouquard. “The TRTX team brings a strong combination of experience and innovation to the market, and I look forward to furthering the Company’s position as a leading real estate debt franchise.”Bouquard’s appointment follows a strong year for TRTX, with 2021 loan originations of $1.9 billion focused in key thematic areas including multifamily and life sciences. The Company also completed several important capital market transactions, including a $1.25 billion managed CRE CLO, TRTX 2021-FL4, and the issuance of 6.25% Series C Cumulative Redeemable Preferred Stock. **About TRTX** TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG. For more information regarding TRTX, visit [https://www.tpgrefinance.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tpgrefinance.com%2F&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=https%3A%2F%2Fwww.tpgrefinance.com%2F&index=1&md5=be800ad953bd550db82f9a1a8615414a). **About TPG** TPG is a leading global alternative asset management firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. **Forward-Looking Statements** The information contained in this press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to various risks and uncertainties, including the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 and in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=www.sec.gov&index=2&md5=d7f73162f656f0e0d9791c4a8b54538b). Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, or state other forward-looking information. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005076r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005076/en/](https://www.businesswire.com/news/home/20220128005076/en/) **Media** Luke Barrett [[email protected] ](mailto:[email protected])415-743-1550**Investor Relations** TRTX [[email protected] ](mailto:[email protected])212-405-8500TPG Gary Stein [[email protected] ](mailto:[email protected])212-601-4750 Source: TPG RE Finance Trust, Inc.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Maravai LifeSciences Acquires MyChem, a Leader in Proprietary Ultra-Pure Nucleotides
Article: MyChem’s nucleotide synthesis methods are highly complementary to Maravai’s TriLink mRNA technologies Increases capabilities serving the high-growth cell and gene therapy market SAN DIEGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Maravai LifeSciences, Inc.](https://www.globenewswire.com/Tracker?data=Yaal95MmSj5uG8biAkWfC-L9DLxd87T9dGuyaiZK_SZ7OcEEoSmPKOyzvNXmhiuCWwp6qchu3Twg_7MhCupHypon5FgUg7mPaKP7o_qzfIg=) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced today that it has acquired MyChem, LLC for $240 million in cash at closing with the potential for additional contingent cash consideration based on achievement of certain conditions after closing. The acquisition will expand Maravai’s product offering of strategic inputs in the rapidly growing markets for therapeutics and vaccine applications. Based in San Diego, California, MyChem is a privately held provider of proprietary, ultra-pure nucleotides to customers in the diagnostics, pharma, genomics and research markets. Their products include modified nucleotides and other inputs used for mRNA synthesis. MyChem’s portfolio complements Maravai’s nucleic acid production products and is expected to provide customers significant benefits through an integrated offering. Further, MyChem will help accelerate Maravai’s innovation capabilities with additional R&D resources. “MyChem’s chemically synthesized nucleotides are a natural fit and complementary product line for our Nucleic Acid Production business,” said Carl Hull, Chief Executive Officer of Maravai. “We have worked with MyChem since 2018 and have the highest regard for the founders and the team they have built and believe there is a close alignment of company cultures. Similar to our past acquisitions, MyChem is founder-led with exceptional science in place where we can help scale the organization and accelerate growth.” Brian Neel, Chief Operating Officer, Nucleic Acid Production added, "MyChem provides critical raw materials for our CleanCap® AG and mRNA production and has been a reliable supply partner. This acquisition continues our path to build and integrate strategic inputs of the mRNA vaccine and therapeutic supply chain into our operations here in the U.S. and our push to have an end-to end offering for our customers. MyChem’s state-of-the-art method for developing ultra-pure nucleotides helps to solve key customer needs not currently addressed by standard, enzymatic manufacturing. We look forward to welcoming their incredibly talented team to Maravai to help drive adoption of new chemistries.” Chanfeng Zhao, Chief Executive Officer and co-founder of MyChem, commented, "We are pleased to join Maravai and the TriLink team given their outstanding reputation for quality, their industry leadership and our shared commitment to develop innovative life science tools. We remain committed to our current customers and believe this transaction will further strengthen our ability to support their needs. This business combination will also allow us to pursue cross-selling opportunities to existing customers, expand sales and marketing to new customers and markets, initiate GMP manufacturing of nucleotides and pursue additional opportunities with pharmaceutical customers in their mRNA programs for vaccine and therapeutic applications.” Following the acquisition, MyChem will become part of TriLink and the Nucleic Acid Production Business Segment, and the MyChem management team will report to Mr. Neel. **Advisors** Jefferies LLC served as financial advisor to Maravai and Kirkland & Ellis LLP served as legal counsel to Maravai. BroadOak Capital Partners, LLC served as financial advisor to MyChem and Morrison & Foerster LLP served as legal counsel to MyChem. **About Maravai** Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics and novel vaccines and to support research on human diseases. Maravai’s companies are leaders in providing products and services in the fields of nucleic acid synthesis and biologics safety testing to many of the world's leading biopharmaceutical, vaccine, diagnostics and cell and gene therapies companies. **About MyChem** MyChem, LLC is a San Diego-based company specializing in making ultra-pure nucleotides. These include natural nucleotides, modified nucleotides and dye labeled nucleotides. MyChem’s ultra-pure nucleotides are used in a variety of applications to advance the development of biotechnology research, diagnostic and therapeutic applications. MyChem develops integrated partnerships with customers across the globe to provide premium reagents and innovative services. **Forward-looking Statements** This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements constitute forward-looking statements, including, without limitation, statements related to the complementary nature of MyChem’s methods, the increased capabilities of Maravai following the acquisition, the expansion of Maravai’s product offerings, expected growth of the markets for therapeutics and vaccine applications, expected benefits to customers, acceleration of R&D capabilities, plans to scale the acceleration and accelerate growth, the potential for new end-to-end product offerings, the adoption of new chemistries, the potential for cross-selling and expansion of sales, and plans for GMP manufacturing, constitute forward-looking statements identified by words like “will,” “expect,” “may,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation and uncertainties related to challenges associated with integration of the acquired business into Maravai, continued validation of the safety and effectiveness of our technology, new scientific developments and competition from other products. These and other risks and uncertainties are described in greater detail in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements, and therefore you should not rely upon them. These forward-looking statements reflect our current views and we do not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OCM0Njk4NDI5IzIyMDQ1NDk=) [Image](https://ml.globenewswire.com/media/ZGVjMzlmZWQtODM4My00N2I4LTk1ODUtZGY2NDNlNjU5ZTQ0LTEyMTYxMDI=/tiny/Maravai-LifeSciences-Holdings-.png) Contact Information: Media Contact: Sara Michelmore MacDougall Advisors +1 781-235-3060 [[email protected]](mailto:[email protected]) Investor Contact: Deb Hart Maravai LifeSciences + 1 858-988-5917 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/ea9d2fb8-12c5-45f9-b357-d0e6258066f2) Source: Maravai LifeSciences Holdings LLC
Broader Sector Information:
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Maravai LifeSciences Acquires MyChem, a Leader in Proprietary Ultra-Pure Nucleotides
Article: MyChem’s nucleotide synthesis methods are highly complementary to Maravai’s TriLink mRNA technologies Increases capabilities serving the high-growth cell and gene therapy market SAN DIEGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Maravai LifeSciences, Inc.](https://www.globenewswire.com/Tracker?data=Yaal95MmSj5uG8biAkWfC-L9DLxd87T9dGuyaiZK_SZ7OcEEoSmPKOyzvNXmhiuCWwp6qchu3Twg_7MhCupHypon5FgUg7mPaKP7o_qzfIg=) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced today that it has acquired MyChem, LLC for $240 million in cash at closing with the potential for additional contingent cash consideration based on achievement of certain conditions after closing. The acquisition will expand Maravai’s product offering of strategic inputs in the rapidly growing markets for therapeutics and vaccine applications. Based in San Diego, California, MyChem is a privately held provider of proprietary, ultra-pure nucleotides to customers in the diagnostics, pharma, genomics and research markets. Their products include modified nucleotides and other inputs used for mRNA synthesis. MyChem’s portfolio complements Maravai’s nucleic acid production products and is expected to provide customers significant benefits through an integrated offering. Further, MyChem will help accelerate Maravai’s innovation capabilities with additional R&D resources. “MyChem’s chemically synthesized nucleotides are a natural fit and complementary product line for our Nucleic Acid Production business,” said Carl Hull, Chief Executive Officer of Maravai. “We have worked with MyChem since 2018 and have the highest regard for the founders and the team they have built and believe there is a close alignment of company cultures. Similar to our past acquisitions, MyChem is founder-led with exceptional science in place where we can help scale the organization and accelerate growth.” Brian Neel, Chief Operating Officer, Nucleic Acid Production added, "MyChem provides critical raw materials for our CleanCap® AG and mRNA production and has been a reliable supply partner. This acquisition continues our path to build and integrate strategic inputs of the mRNA vaccine and therapeutic supply chain into our operations here in the U.S. and our push to have an end-to end offering for our customers. MyChem’s state-of-the-art method for developing ultra-pure nucleotides helps to solve key customer needs not currently addressed by standard, enzymatic manufacturing. We look forward to welcoming their incredibly talented team to Maravai to help drive adoption of new chemistries.” Chanfeng Zhao, Chief Executive Officer and co-founder of MyChem, commented, "We are pleased to join Maravai and the TriLink team given their outstanding reputation for quality, their industry leadership and our shared commitment to develop innovative life science tools. We remain committed to our current customers and believe this transaction will further strengthen our ability to support their needs. This business combination will also allow us to pursue cross-selling opportunities to existing customers, expand sales and marketing to new customers and markets, initiate GMP manufacturing of nucleotides and pursue additional opportunities with pharmaceutical customers in their mRNA programs for vaccine and therapeutic applications.” Following the acquisition, MyChem will become part of TriLink and the Nucleic Acid Production Business Segment, and the MyChem management team will report to Mr. Neel. **Advisors** Jefferies LLC served as financial advisor to Maravai and Kirkland & Ellis LLP served as legal counsel to Maravai. BroadOak Capital Partners, LLC served as financial advisor to MyChem and Morrison & Foerster LLP served as legal counsel to MyChem. **About Maravai** Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics and novel vaccines and to support research on human diseases. Maravai’s companies are leaders in providing products and services in the fields of nucleic acid synthesis and biologics safety testing to many of the world's leading biopharmaceutical, vaccine, diagnostics and cell and gene therapies companies. **About MyChem** MyChem, LLC is a San Diego-based company specializing in making ultra-pure nucleotides. These include natural nucleotides, modified nucleotides and dye labeled nucleotides. MyChem’s ultra-pure nucleotides are used in a variety of applications to advance the development of biotechnology research, diagnostic and therapeutic applications. MyChem develops integrated partnerships with customers across the globe to provide premium reagents and innovative services. **Forward-looking Statements** This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements constitute forward-looking statements, including, without limitation, statements related to the complementary nature of MyChem’s methods, the increased capabilities of Maravai following the acquisition, the expansion of Maravai’s product offerings, expected growth of the markets for therapeutics and vaccine applications, expected benefits to customers, acceleration of R&D capabilities, plans to scale the acceleration and accelerate growth, the potential for new end-to-end product offerings, the adoption of new chemistries, the potential for cross-selling and expansion of sales, and plans for GMP manufacturing, constitute forward-looking statements identified by words like “will,” “expect,” “may,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation and uncertainties related to challenges associated with integration of the acquired business into Maravai, continued validation of the safety and effectiveness of our technology, new scientific developments and competition from other products. These and other risks and uncertainties are described in greater detail in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements, and therefore you should not rely upon them. These forward-looking statements reflect our current views and we do not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OCM0Njk4NDI5IzIyMDQ1NDk=) [Image](https://ml.globenewswire.com/media/ZGVjMzlmZWQtODM4My00N2I4LTk1ODUtZGY2NDNlNjU5ZTQ0LTEyMTYxMDI=/tiny/Maravai-LifeSciences-Holdings-.png) Contact Information: Media Contact: Sara Michelmore MacDougall Advisors +1 781-235-3060 [[email protected]](mailto:[email protected]) Investor Contact: Deb Hart Maravai LifeSciences + 1 858-988-5917 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/ea9d2fb8-12c5-45f9-b357-d0e6258066f2) Source: Maravai LifeSciences Holdings LLC
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: CFFN
Security: Capitol Federal Financial, Inc.
Related Stocks/Topics: Unknown
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 11.6731
Stock Price 2 days before: 11.524
Stock Price 1 day before: 11.1463
Stock Price at release: 11.0344
Risk-Free Rate at release: 0.0004
| 10.9244 |
Broader Economic Information:
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Broader Industry Information:
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: HELE
Security: Helen of Troy Limited
Related Stocks/Topics: Stocks|DEO|UNFI|MED
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 213.199
Stock Price 2 days before: 212.875
Stock Price 1 day before: 208.73
Stock Price at release: 203.484
Risk-Free Rate at release: 0.0004
| 204.019 |
Broader Economic Information:
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: VNET Announces US$250 Million Investment from Blackstone
Article: BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world’s largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum. Josh Chen, Founder and Executive Chairman of VNET, said, “Over the last two years, we have accelerated the growth of our data center footprint in high-demand locations across China’s tier-1 cities. Blackstone’s investment provides us with the capital to take advantage of a robust pipeline of attractive development projects that support our hyperscale and enterprise customers. We look forward to building on this partnership with Blackstone.” Jasvinder Khaira, a Senior Managing Director in the Tactical Opportunities Group of Blackstone, said, “Under the leadership of Josh and the management team, VNET has become one of the top data center operators in China with a strong operating track record. Data centers and the ongoing migration to the cloud are two of Blackstone’s highest conviction themes globally and we believe VNET plays an important role in the buildout of China’s digital new infrastructure.” The Notes are convertible into the Company’s American depositary shares (“ADSs”), each representing six Class A ordinary shares, at US$11.00 per ADS, representing a premium of 35% to the latest closing price of US$8.14 per ADS. The transaction is subject to customary closing conditions and the closing is expected to take place in early February. The Notes have been offered in offshore transactions outside the US pursuant under Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Notes, any ADSs deliverable upon conversion of the Notes and the Class A ordinary shares represented thereby have not been registered under the Securities Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. **About VNET** VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. **About Blackstone** Blackstone is the world’s largest alternative investment firm. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $881 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at [www.blackstone.com](http://www.blackstone.com/). Follow Blackstone on Twitter @Blackstone. **Safe Harbor Statement** This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. **Investor Relations Contact** Xinyuan LiuTel: +86 10 8456 2121Email: [[email protected]](https://www.globenewswire.com/Tracker?data=PTCYqqAYMK1M9c4bSxRCxgEkq_aw_4iGnbuj43hstke_3kawANxmkHOaxX1BDW1DQwzzmerg8xxFmfSu_L3HBg==) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIyMCM0Njk4OTk3IzIwMDI2NDk=) [Image](https://ml.globenewswire.com/media/YWRkM2FhMWItZjc0ZS00MWZlLTgzODYtZDVjNjU4N2Y0MmJjLTEwMTQyMjI=/tiny/VNET-Group-Inc-.png) Source: VNET Group, Inc.
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Monro Inc Shares Fall 4.3% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 4.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 8.5% year-to-date, down 4.6% over the past 12 months, and down 2.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 203.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 11.8% - The company's stock price performance over the past 12 months lags the peer average by -115.0% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 185.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: RES
Security: RPC, Inc.
Related Stocks/Topics: Stocks
Title: Will RPC (RES) Gain on Rising Earnings Estimates?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: RPC (RES) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas services company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive [externally-audited track record of outperformance](https://www.zacks.com/performance/), with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.For RPC, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:**12 Month EPS** [Image](https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/RES.png)**Current-Quarter Estimate Revisions** The company is expected to earn $0.05 per share for the current quarter, which represents a year-over-year change of +200%.Over the last 30 days, the Zacks Consensus Estimate for RPC has increased 25% because one estimate has moved higher compared to no negative revisions. **Current-Year Estimate Revisions** For the full year, the earnings estimate of $0.29 per share represents a change of +866.67% from the year-ago number.The revisions trend for the current year also appears quite promising for RPC, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 11.69%. **Favorable Zacks Rank** Thanks to promising estimate revisions, RPC currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1linklink).Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. **Bottom Line** While strong estimate revisions for RPC have attracted decent investments and pushed the stock 32.1% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_517_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859246/will-rpc-res-gain-on-rising-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 5.28
Stock Price 2 days before: 6.48766
Stock Price 1 day before: 6.06
Stock Price at release: 5.86184
Risk-Free Rate at release: 0.0004
| 8.4986 |
Broader Economic Information:
Date: 2022-01-28
Title: Interface, Inc. To Broadcast Fourth Quarter and Fiscal Year 2021 Results Conference Call Over the Internet
Article: ATLANTA, Jan. 28, 2022 /PRNewswire/ -- [Interface, Inc.](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2725390234&u=https%3A%2F%2Fwww.interface.com%2FUS%2Fen-US%2Fhomepage&a=Interface%2C+Inc.) (Nasdaq: TILE) announced today that it intends to release its fourth quarter and fiscal year 2021 results on Tuesday, March 1, 2022, prior to the open of the market. Interface will host a conference call the morning of Tuesday, March 1, 2022, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Daniel T. Hendrix, Chairman and Chief Executive Officer, and Bruce A. Hausmann, Vice President and Chief Financial Officer, will host the call. [](https://mma.prnewswire.com/media/1215229/Interface_Logo.html) Certain information discussed on the conference call will be available on Interface's website, at [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). **Call details:****Tuesday, March 1, 2022**8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific Time Listeners may access the conference call live over the Internet at the following address: [https://events.q4inc.com/attendee/899136320](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2930574180&u=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320&a=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320) or through the Company's website at: [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). Please allow at least 15 minutes prior to the call to visit one of these sites and download and install any necessary audio software. An archived version of the conference call will be available at these sites for one year shortly after the call ends. **About Interface** Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. Learn more about Interface at [interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3308388973&u=http%3A%2F%2Fwww.interface.com%2F&a=interface.com) and [blog.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=709160865&u=http%3A%2F%2Fblog.interface.com%2F&a=blog.interface.com), our nora brand at [nora.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=719743675&u=http%3A%2F%2Fwww.nora.com%2F&a=nora.com), and our FLOR® brand at [FLOR.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3495239581&u=https%3A%2F%2Fwww.flor.com%2F&a=FLOR.com). Follow us on [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2569248785&u=https%3A%2F%2Ftwitter.com%2FInterfaceInc&a=Twitter), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2076040437&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Finterface&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3636328122&u=https%3A%2F%2Fwww.facebook.com%2FInterface%2F%3Ffref%3Dts&a=Facebook), [Pinterest](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1430591711&u=https%3A%2F%2Fwww.pinterest.com%2Finterface%2F&a=Pinterest), [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=361166393&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finterface&a=LinkedIn), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=739939483&u=https%3A%2F%2Fwww.instagram.com%2Finterface%2F&a=Instagram), and [Vimeo](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1728872219&u=https%3A%2F%2Fvimeo.com%2Finterface&a=Vimeo). [Cision](https://c212.net/c/img/favicon.png?sn=NY44896&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html](https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html) SOURCE Interface, Inc.
Date: 2022-01-28
Title: Why Cardano's Cryptocurrency Is Plummeting This Week
Article: **What happened** The cryptocurrency market is getting hit with another week of big sell-offs, and **Cardano**'s [(CRYPTO: ADA)](https://www.nasdaq.com/market-activity/cryptocurrency/ada) ADA token has been caught up in the negative market momentum. The cryptocurrency was down 11.2% over the last week of trading as of 4 p.m. ET on Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).Only a handful of the top-50 largest cryptocurrencies managed to end the last week of trading in the green, and most were down double digits across the stretch. In addition to the specter of rising regulatory risks, the crypto market is also facing bearish catalysts related to potential conflict between Ukraine and Russia, shifting macroeconomic conditions, and disappointing guidance from some prominent, growth-dependent companies. [An arrow moving down above chart lines.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663514%2Fan-arrow-moving-down-above-chart-lines.jpg&w=700) Image source: Getty Images. **So what** The Biden administration is reportedly readying an executive order that would introduce new regulations on cryptocurrencies, and investors appear to be sweating the potential impact. The crypto market has also been impacted by a pronounced investor shift away from high-risk cryptocurrencies and stocks. Weak guidance from companies including **Peloton**, **Netflix**, and **Tesla**, and the threat of rising interest rates have also added to the bearish momentum, and Cardano's ADA token has been feeling the squeeze.In addition to the long list of factors prompting sell-offs for the broader [cryptocurrency](https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/guide-to-cryptocurrencies/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4fa918ad-f4e7-497a-bed4-579f12a5965d) space, it also looks like some network-specific factors could be pushing Cardano's token price lower. The recent launch of the SundaeSwap decentralized trading exchange on Cardano has led to record utilization on the network, but this has also led to some concerns about its blockchain network's scalability. **Now what** Cardano's ADA now has a market capitalization of roughly $35 billion, and it ranks as the sixth-largest cryptocurrency by valuation. Even after big sell-offs in recent months, the token is still up more than 200% over the last year of trading.With **Bitcoin**, **Ethereum**, and **Solana**'s respective cryptocurrency tokens also down 1%, 8.1%, and 22.5%, respectively, over the last week of trading, it's likely that market momentum is the primary driver of ADA's recent valuation slide. Cardano's unique blockchain network and features give it individual pricing catalysts, but investors should move forward with the understanding that the token will likely continue to trade in line with trends for the broader crypto market -- at least in the near term. **10 stocks we like better than Cardano** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=b115ad72-3bbd-4d24-a88b-e05f69d1da78&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCardano&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4fa918ad-f4e7-497a-bed4-579f12a5965d) for investors to buy right now... and Cardano wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=b115ad72-3bbd-4d24-a88b-e05f69d1da78&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCardano&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4fa918ad-f4e7-497a-bed4-579f12a5965d)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Bitcoin, Ethereum, Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)
Article: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\ \hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Broader Sector Information:
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: MRCY
Security: Mercury Systems, Inc.
Related Stocks/Topics: Stocks|AMD|CRM|NVDA
Title: Mercury (MRCY) Offers US & Allies RF Microelectronics Solutions
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Mercury Systems** [MRCY](https://www.nasdaq.com/market-activity/stocks/mrcy) recently secured a $17 million contract to provide crucial multi-channel radio frequency (“RF”) microelectronics to the United States and its allies for the enhancement of missile capabilities.The contract will enable U.S warfighters to receive fast real-time signals intelligence data through these digital RF assemblies. This, in turn, will propel America’s air defense mission to newer heights ensuring the country’s air dominance in the 21st century. Awarded in the first quarter of fiscal 2022, Mercury’s latest deal is likely to get shipped over the next few quarters. The contract is likely to expand the defense company’s microelectronics segment’s growth. **Mercury Continues to Win Contracts** Mercury’s products and solutions are supplied to about 300 defense and intelligence programs with over 25 different defense prime contractors. The company’s domain expertise in analog and digital integration has aided it in building a solid long-term relationship with defense prime contractors.The aerospace and defense tech company works with a number of key defense prime contractors on a regular basis ensuring healthy flow of orders. In August 2021, Mercury received a $17 million order from the U.S. Naval Air Warfare Center’s Aircraft Division. In July, it teamed up with CoreAVI, winner of the Military and Aerospace Electronics 2017 Innovators Platinum Award, to provide its aerospace and defense customers CoreAVI’s safety-certified graphics, video, and GPU compute solutions.Prior to that, in June 2021, Mercury achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for its Joint Light Tactical Vehicle program. **Mercury Systems Inc Price and Consensus [](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart)** [Mercury Systems Inc price-consensus-chart](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart) | [Mercury Systems Inc Quote](https://www.nasdaq.com/market-activity/stocks/mrcy) **Zacks Rank & Stocks to Consider** Mercury currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor **Salesforce** [CRM](https://www.nasdaq.com/market-activity/stocks/crm) flaunting a Zacks Rank #1 (Strong Buy), the graphic processing unit maker **NVIDIA Corporation** [NVDA](https://www.nasdaq.com/market-activity/stocks/nvda) and **Advanced Micro Devices** [AMD](https://www.nasdaq.com/market-activity/stocks/amd), both carrying a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Salesforce’s fourth-quarter fiscal 2022 earnings has been revised downward by 7.6% to 73 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved upward by 0.43% to $4.68 per share in the last 60 days.Salesforce’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 44.2%. CRM stock has depreciated 6.1% in the past year.The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward by 13 cents to $1.22 per share over the past 90 days. For fiscal 2022, earnings estimates have moved north by 19 cents to $4.33 per share in the past 90 days. NVIDIA’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have surged 68.1% in the past year.The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 90 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last 60 days.Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 17.2% in the past year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_253_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AMD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [salesforce.com, inc. (CRM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [NVIDIA Corporation (NVDA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVDA&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Mercury Systems Inc (MRCY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRCY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859146/mercury-mrcy-offers-us-allies-rf-microelectronics-solutions?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 57.4175
Stock Price 2 days before: 57.3735
Stock Price 1 day before: 55.9169
Stock Price at release: 53.1375
Risk-Free Rate at release: 0.0004
| 57.3362 |
Broader Economic Information:
Date: 2022-01-28
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Notable Friday Option Activity: CWH, SC, DDOG
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Broader Industry Information:
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Broader Sector Information:
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: WOOF
Security: Petco Health and Wellness Company, Inc.
Related Stocks/Topics: Stocks|ZUMZ|LOW|TPR
Title: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, "This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof."**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 17.4098
Stock Price 2 days before: 17.9543
Stock Price 1 day before: 18.0277
Stock Price at release: 18.0471
Risk-Free Rate at release: 0.0004
| 17.5569 |
Broader Economic Information:
Date: 2022-01-28
Title: VNET Announces US$250 Million Investment from Blackstone
Article: BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world’s largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum. Josh Chen, Founder and Executive Chairman of VNET, said, “Over the last two years, we have accelerated the growth of our data center footprint in high-demand locations across China’s tier-1 cities. Blackstone’s investment provides us with the capital to take advantage of a robust pipeline of attractive development projects that support our hyperscale and enterprise customers. We look forward to building on this partnership with Blackstone.” Jasvinder Khaira, a Senior Managing Director in the Tactical Opportunities Group of Blackstone, said, “Under the leadership of Josh and the management team, VNET has become one of the top data center operators in China with a strong operating track record. Data centers and the ongoing migration to the cloud are two of Blackstone’s highest conviction themes globally and we believe VNET plays an important role in the buildout of China’s digital new infrastructure.” The Notes are convertible into the Company’s American depositary shares (“ADSs”), each representing six Class A ordinary shares, at US$11.00 per ADS, representing a premium of 35% to the latest closing price of US$8.14 per ADS. The transaction is subject to customary closing conditions and the closing is expected to take place in early February. The Notes have been offered in offshore transactions outside the US pursuant under Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Notes, any ADSs deliverable upon conversion of the Notes and the Class A ordinary shares represented thereby have not been registered under the Securities Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. **About VNET** VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. **About Blackstone** Blackstone is the world’s largest alternative investment firm. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $881 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at [www.blackstone.com](http://www.blackstone.com/). Follow Blackstone on Twitter @Blackstone. **Safe Harbor Statement** This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. **Investor Relations Contact** Xinyuan LiuTel: +86 10 8456 2121Email: [[email protected]](https://www.globenewswire.com/Tracker?data=PTCYqqAYMK1M9c4bSxRCxgEkq_aw_4iGnbuj43hstke_3kawANxmkHOaxX1BDW1DQwzzmerg8xxFmfSu_L3HBg==) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIyMCM0Njk4OTk3IzIwMDI2NDk=) [Image](https://ml.globenewswire.com/media/YWRkM2FhMWItZjc0ZS00MWZlLTgzODYtZDVjNjU4N2Y0MmJjLTEwMTQyMjI=/tiny/VNET-Group-Inc-.png) Source: VNET Group, Inc.
Date: 2022-01-28
Title: AAM to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11
Article: DETROIT, Jan. 28, 2022 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 11, 2022. A press release announcing the results will be issued before the market opens on the same day and will be available at [www.aam.com](http://www.aam.com/). [](https://mma.prnewswire.com/media/526564/AAM_Logo.html) To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 6602864. To participate by live audio webcast or listen to the briefing following the call, visit [investor.aam.com](http://investor.aam.com/). A replay will be available one hour after the call is complete until February 18, 2022. To listen to the replay please dial: (877) 344-7529 from the United States (412) 317-0088 from outside the United States When prompted, callers should enter replay access code 7323464. The audio replay will also be archived on AAM's website for one year. **About AAM:**AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures highly advanced electric propulsion, driveline, and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 18,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit [aam.com](http://aam.com/). \begin{table}{|c|c|} \hline For more information: & \\ \hline Investor Contact & Media Contact \\ \hline David H. Lim & Christopher M. Son \\ \hline Head of Investor Relations & Vice President, Marketing & Communications \\ \hline (313) 758-2006 & (313) 758-4814 \\ \hline [email protected] & [email protected] \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=DE45046&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html](https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html) SOURCE American Axle & Manufacturing Holdings, Inc.
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Date: 2022-01-28
Title: Here's Why I Think SmartFinancial (NASDAQ:SMBK) Might Deserve Your Attention Today
Article: Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. And in their study titled Who Falls Prey to the Wolf of Wall Street?' Leuz et. al. found that it is 'quite common' for investors to lose money by buying into 'pump and dump' schemes.So if you're like me, you might be more interested in profitable, growing companies, like **SmartFinancial** (NASDAQ:SMBK). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. **SmartFinancial's Earnings Per Share Are Growing. **If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. SmartFinancial managed to grow EPS by 12% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. I note that SmartFinancial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. While we note SmartFinancial's EBIT margins were flat over the last year, revenue grew by a solid 26% to US$136m. That's a real positive.In the chart below, you can see how the company has grown earnings, and revenue, over time. To see the actual numbers, click on the chart.[earnings-and-revenue-history](https://images.simplywall.st/asset/chart/142913479-earnings-and-revenue-history-1-dark/1643383967048) NasdaqCM:SMBK Earnings and Revenue History January 28th 2022You don't drive with your eyes on the rear-view mirror, so you might be more interested in this **free** [report showing analyst forecasts for SmartFinancial's future profits](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future). **Are SmartFinancial Insiders Aligned With All Shareholders?** I like company leaders to have some skin in the game, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. As a result, I'm encouraged by the fact that insiders own SmartFinancial shares worth a considerable sum. With a whopping US$68m worth of shares as a group, insiders have plenty riding on the company's success. At 15% of the company, the co-investment by insiders gives me confidence that management will make long-term focussed decisions. It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. A brief analysis of the CEO compensation suggests they are. I discovered that the median total compensation for the CEOs of companies like SmartFinancial with market caps between US$200m and US$800m is about US$1.7m.The SmartFinancial CEO received total compensation of just US$809k in the year to . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally. **Does SmartFinancial Deserve A Spot On Your Watchlist?**As I already mentioned, SmartFinancial is a growing business, which is what I like to see. Earnings growth might be the main game for SmartFinancial, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, I'd argue this one is worthy of the watchlist, at least. We don't want to rain on the parade too much, but we did also find [1 warning sign for SmartFinancial](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you need to be mindful of.You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is [a list of companies with insider buying in the last three months.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4OTozM2U5OThiNWZiYzNiODFh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Stock Market Correction: Buying These 4 Stocks Right Now Would Be a Genius Move
Article: It's not something investors like to think about, but stock market crashes and corrections [are a normal part of the investing cycle](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) and the price long-term investors pay for admission to one of the world's greatest wealth creators.Over the past couple of weeks, the investment community has been given a stern reminder that stocks can go down just as easily and they move higher. The tech-heavy **Nasdaq Composite** has entered correction territory, while the benchmark **S&P 500** is contending with its worst slide in more than a year. While stock market corrections can be unnerving, they're also, historically, the perfect time to put money to work in the market -- especially if your average holding period is measured in years. Considering the broader market's propensity to head higher over the long run, buying the following four stocks during the current correction would be a genius move. [A financial planner pointing to a bottom in a stock chart displayed on a laptop. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fstock-market-chart-crash-correction-buy-investment-planning-laptop-getty.jpg&w=700) Image source: Getty Images. **Nio** Even though it's impossible for investors to predict when a stock will bottom with any accuracy, it's not nearly as difficult to identify companies with competitive advantages. [Electric vehicle](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (EV) manufacturer **Nio** [(NYSE: NIO)](https://www.nasdaq.com/market-activity/stocks/nio) is one such company that's dazzled Wall Street with its execution and innovation.Like most auto stocks, Nio was held back in the second and third quarters by semiconductor chip shortages. Thankfully, these supply issues have mostly cleared, which paved the way for the company to deliver more than 10,000 EVs in November and December. Nio is currently pacing an annual run rate of 130,000 EVs, but is expected to [reach a run rate of 600,000 EVs by the end of 2022](https://www.fool.com/investing/2022/01/21/5-growth-stocks-with-119-to-409-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), according to management. The introduction of three new EVs, along with sales growth from its existing trio of vehicles, should propel sales significantly higher this year.The company's management team also deserves credit for the introduction of the battery-as-a-service (BaaS) program in August 2020. The BaaS program allows buyers to charge, swap, and upgrade the batteries in their EVs. Additionally, enrollment in BaaS lowers the initial purchase price of Nio's EVs. In return, customers are paying a recurring monthly fee to Nio for the BaaS program. The company is effectively forgoing a small percentage of lower-margin near-term sales to generate predictable higher-margin long-term cash flow. Despite Nio losing money as it ramps up production, the recent sell-off in shares represents the [perfect buying opportunity for patient investors](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). [An up-close view of a flowering cannabis plant in an indoor commercial cultivation farm.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcannabis-flower-bud-weed-pot-marijuana-grow-facility-greenhouse-legal-canada-getty.jpg&w=700) Image source: Getty Images. **Trulieve Cannabis** Among [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), cannabis companies arguably offer the best value right now. Marijuana stocks have been pummeled for nearly a year, with President Joe Biden and the Democrat-led Congress failing to push any cannabis reform measures into law. But this correction marks an opportune time for investors to buy into a high-quality pot stock like **Trulieve Cannabis** [(OTC: TCNNF)](https://www.nasdaq.com/market-activity/stocks/tcnnf).Trulieve is a multi-state operator (MSO) that's done things a bit different than most seed-to-sale operators. Instead of planting its proverbial flag in as many markets as possible, Trulieve has maintained a core focus on Florida's medical marijuana legal market. Despite operating 160 dispensaries in 11 states, 112 of these stores are located in the Sunshine State. Saturating the Florida market allowed Trulieve to gobble up half of the state's dried flower and oils market share, all while keeping its marketing costs down. The end result is [more than three years of recurring profits](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (and counting).The next step in Trulieve's rapid growth was taken on Oct. 1, 2021, when it closed the largest U.S. pot acquisition in history. The [purchase of MSO Harvest Health and Recreation](https://www.fool.com/investing/2021/08/02/3-top-stocks-thatll-make-you-richer-in-august/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) introduced Trulieve to new markets, as well as gave it the leading position in Harvest Health's home market, Arizona. The Grand Canyon State voted to legalize recreational weed in November 2020 and looks to be on track to eventually reach $1 billion (or more) in annual pot sales. At close to 20 times Wall Street's consensus earnings for 2022, Trulieve is a budding bargain. [A bank employee shaking hands with prospective clients.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fbank-manager-clients-deal-investment-management-branch-getty.jpg&w=700) Image source: Getty Images. **Upstart** Another genius move for long-term investors would be to buy shares of cloud-based lending platform **Upstart** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst), which have been taken for a wild ride over the trailing six months. After quadrupling in value in three months, shares are now down nearly 80% from their peak.The big concern for Upstart is that higher lending rates will reduce demand for everything from personal loans to mortgages at the bank level. Since more than 90% of the revenue Upstart brings in comes from banks or servicing fees, there's obvious concern of a lending slowdown.Yet even with this concern on the table, Upstart's [artificial intelligence](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (AI)-driven lending platform [has all the tools needed](https://www.fool.com/investing/2021/12/22/3-high-growth-stocks-that-crushed-bitcoin-in-2021/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) to continue growing at a double-digit, industry-topping rate. Relying on AI and machine learning to help determine the creditworthiness of loan candidates is resulting in faster approvals and lower costs for lenders. In other words, it's going make Upstart's solutions even more popular among financial institutions. Something else to consider is that Upstart has just begun scratching the surface with the potential for its AI-powered lending platform. Most of its services have historically been focused on personal loans, which is an $81 billion market, according to **TransUnion**. But following the acquisition of Prodigy Software, Upstart [has pushed into auto lending](https://www.fool.com/investing/2021/12/07/pounding-the-table-on-upstart/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). The total addressable market for auto loans is about eight times the size of personal loans.With Upstart profitable and blowing away Wall Street's profit expectations, it has the look of a no-brainer buy. [A couple meeting with a real estate agent in front of a two-story home. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcouple-meeting-with-real-estate-agent-buy-house-listing-fee-mortgage-getty.jpg&w=700) Image source: Getty Images. **Redfin** A final genius move investors can make during this stock market correction is to buy shares of tech-driven real estate company **Redfin** [(NASDAQ: RDFN)](https://www.nasdaq.com/market-activity/stocks/rdfn).Similar to Upstart, shares of Redfin have been battered on worries of higher interest rates. Since mortgage rates tend to closely mirror the movement of the 10-year Treasury bond, higher rates are likely to quell some homebuying and selling activity. In spite of these concerns, mortgage rates are expected to remain well below their historic average for years to come. While there could be an initial knee-jerk reaction to higher mortgage rates, there will still be plenty of incentive for homebuyers to take the plunge.[What makes Redfin so attractive](https://www.fool.com/investing/2021/08/01/5-stocks-can-turn-50000-into-1-million-by-2040/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) is the cost savings and personalization it can provide, relative to traditional real estate companies. For instance, whereas most realty companies charge a commission/listing fee ranging from 2.5% to 3%, Redfin charges 1% or 1.5%, depending on how much previous business has been done with the company. Based on a median existing home sales price of $358,000 in December 2021, according to the National Association of Realtors, a Redfin seller could be banking more than $7,100 in savings versus a traditional realtor.Aside from cost savings, [Redfin's personalized services](https://www.fool.com/investing/2021/10/08/the-smartest-stocks-to-buy-with-100-right-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) are also driving users to the platform. The company's Concierge service helps with staging and projects to maximize the selling value of a home. Meanwhile, its RedfinNow program, which operates in select cities, purchases homes in cash and removes the hassles of selling a property.Expect Redfin to continue gobbling up U.S. existing home sales market share for the foreseeable future. **10 stocks we like better than NIO Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) for investors to buy right now... and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends NIO Inc., Redfin, Trulieve Cannabis Corp., and Upstart Holdings, Inc. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: AVXL, LMND, AMAT
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Anavex Life Sciences Corp (Symbol: AVXL), where a total of 5,374 contracts have traded so far, representing approximately 537,400 underlying shares. That amounts to about 50.1% of AVXL's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the [$8 strike put option expiring January 28, 2022](https://www.stockoptionschannel.com/symbol/?symbol=AVXL&month=20220128&type=put&contract=8.00), with 1,100 contracts trading so far today, representing approximately 110,000 underlying shares of AVXL. Below is a chart showing AVXL's trailing twelve month trading history, with the $8 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Lemonade Inc (Symbol: LMND) options are showing a volume of 12,973 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 49.8% of LMND's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$50 strike call option expiring September 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=LMND&month=20220916&type=call&contract=50.00), with 1,757 contracts trading so far today, representing approximately 175,700 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $50 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Applied Materials, Inc. (Symbol: AMAT) options are showing a volume of 47,114 contracts thus far today. That number of contracts represents approximately 4.7 million underlying shares, working out to a sizeable 49.7% of AMAT's average daily trading volume over the past month, of 9.5 million shares. Particularly high volume was seen for the [$130 strike put option expiring May 20, 2022](https://www.stockoptionschannel.com/symbol/?symbol=AMAT&month=20220520&type=put&contract=130.00), with 3,398 contracts trading so far today, representing approximately 339,800 underlying shares of AMAT. Below is a chart showing AMAT's trailing twelve month trading history, with the $130 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [AVXL options](https://www.stockoptionschannel.com/symbol/avxl/), [LMND options](https://www.stockoptionschannel.com/symbol/lmnd/), or [AMAT options](https://www.stockoptionschannel.com/symbol/amat/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Buy These 2 Stocks at Discounted Prices — They Have Over 70% Upside, Says Oppenheimer
Article: This past month has seen the bears come out, as the market has entered a correction. The NASDAQ is down 13% since the start of 2022, a loss that has actually erased its 12-month gain. The S&P 500 hasn’t dipped quite that far yet, but is still down 8% year-to-date. The drop has had investors questioning whether or not the previous year’s sustained bull run has ended. Looking at the macro situation from Oppenheimer, chief investment strategist John Stoltzfus would advise investors not to turn pessimistic quite yet. Stoltzfus believes that the coming months are likely to bring us relief from both the pandemic and the supply chain crisis. Looking ahead, Stoltzfus says, “It would appear to us to be time for writing shopping lists of fundamentally sound stocks, sectors and thematic investment ideas that might ‘have gotten away from us’ in last year’s market upswings…” The stock analysts from Oppenheimer are following Stoltzfus’ lead, and picking out the stocks they see gaining as we march further into 2022. They see the current correction as a chance to buy at a discount, in preparation for better times ahead. Using [TipRanks' database](https://click.tipranks.com/WJho/8645564c), we've located two of those Oppenheimer picks, which the firm expects to surge by 70% or better. **Hertz Global** **([HTZ](https://www.tipranks.com/stocks/htz/stock-analysis)))** We’ll start with one of the world’s most recognized brands, Hertz. The car rental giant operates the Hertz, Dollar, and Thrifty rental companies, and boasts a worldwide reach – more than 10,000 locations in 145 countries on 6 continents. There was a weakness, however, that the COVID pandemic exposed. Hertz depends on a customer base that’s in transit – and the pandemic shut down travel, slamming the company and drastically reducing the value of its chief asset, its extensive car fleet. At the same time, Hertz’s creditors called in their loans, which had been secured by those very car fleets. The combination was too much, and Hertz entered bankruptcy proceedings in May of 2020. After more than a year of litigation and restructuring, the company emerged in July 2021 in a strong position, having discharged $5 billion in debt and secured $5.9 billion in new capital. A look at the last quarterly report, for 3Q21, shows the extent of the company’s turned fortunes. The top line revenue, of $2.2 billion, was up 19% year-over-year, while adjusted diluted EPS, at $1.20, was enormously improved from the 3Q20 EPS loss of 44 cents. The company had $2.7 billion in unrestricted cash as of September 30, 2021. The company will report its Q4 results toward the end of February. In addition to sound financials, Hertz has also been moving to align its business with modern trends. The company is partnering with the used vehicle e-commerce company Carvana to streamline its used car disposition channels. The partnership will see Hertz sell used fleet vehicles through Carvana, to benefit both companies. Also, Hertz is working with Uber and Tesla on a project to electrify its rental fleet, and will be making up to 50,000 Tesla vehicles available to customers who rent through Uber’s network. And last, Hertz has made a move that should please investors. The company announced in November that it has approved a share repurchase program of up to $2 billion. In short, Hertz has emerged from bankruptcy with solid plan to move forward, and the ability to execute on it. Nevertheless, the stock is down 48% from the peak it reached in November of last year. However, Oppenheimer’s Ian Zaffino sees Hertz in solid position, and poised for takeoff. “With a meaningfully improved cost structure, an under-levered balance sheet and newfound competitive discipline, we believe Hertz is an interesting post-bankruptcy equity. The company has the potential to roughly double its pre-COVID EBITDA margins, even as auto production and the operating environment normalize.” He went on to add that “Hertz has been highly forward-looking, as it positions itself for the future of the rental industry. It recently announced agreements with Tesla, Carvana, and Uber. The Tesla deal has the potential to be margin accretive, especially if EVs prove to have better economics. Further, the Carvana partnership expands Hertz’s disposition channel and could add $50M+ to EBITDA.” To this end, Zaffino puts an Outperform (i.e. Buy) rating on the stock, not surprising in light of his comments, and his $31 price target implies an upside of 72% for the year ahead. (To watch Zaffino’s track record, [click here](https://www.tipranks.com/experts/analysts/ian-zaffino).) Overall, Hertz shares get a Moderate Buy rating from the analyst consensus on Wall Street. The stock has 6 recent analyst reviews, breaking down to 4 Buys and 2 Holds. The average price target of $30 implies a one-year upside of ~66% from the current share price of $18.01. ([See Hertz stock forecast on TipRanks](https://www.tipranks.com/stocks/htz/forecast))) [Image](https://3ts7jc2y8bhe2khfj03ct3q2-wpengine.netdna-ssl.com/wp-content/uploads/2022/01/image-580-1024x515.png)**Vacasa ([VCSA](https://www.tipranks.com/stocks/vcsa/stock-analysis)))** The second Oppenheimer pick we’ll look at is Vacasa, another company that has benefited greatly from the reopening of the economy and the gradual scaling back of COVID restrictions. Vacasa, based in Portland, Oregon, is a vacation management company, connecting vacationers with places to stay. The company operates in 34 US states, plus the countries of Canada, Mexico, Belize, and Costa Rica. It’s homes, totaling more than 35,000, have picked up nearly 300,000 5-star reviews, and Vacasa boasts that it facilitates vacation stays for more than 3 million guests annually. This company went public just this past December, through a SPAC transaction with TPG Pace Solutions Corporation. The deal saw the VCSA ticker start trading on December 7, and brought the company over $340 million in new capital. From one perspective, this company went public at just the right time. Customer behavior trends have shifted favorably in recent months, as people are finding that they can travel and have the funds to do so. The company released its 3Q21 results a few weeks before completing the SPAC transaction, and showed record revenue of $330 million. That was a 77% gain year-over-year, and beat the company’s quarterly revenue target by 28%. The company sold over 1.8 million vacation nights in Q3, well above the 1.1 million sold in the year-ago quarter. Looking forward, Vacasa raised its full-year 2021 revenue guidance by more than $100 million, to the range of $872 million to $877 million. A look at the company’s stock price chart may seem worrisome at first glance. The stock is down ~40% since going public. However, Oppenheimer analyst Jed Kelly does not see reason to worry, and in fact, believes that Vacasa is in the process of becoming the leader in its market. “VCSA is leveraging its positioning as the largest vacation rental management platform in the US to increase its scale advantages and acquire outsized inventory share as consumer preference for the segment grows. We see this dynamic facilitating VCSA's evolution into a national hospitality brand and generating upward revisions to LT estimates. Additionally, we expect a robust demand environment continuing in '22,” Kelly noted. "We see more liquidity (6/5/22 lockup), and strong execution enabling VCSA to close the valuation gap with its online travel peers," the analyst summed up. Kelly thinks the stock has some way to go, and by some way, we mean 96% of upside. Those are the returns investors are looking at, should the stock make it all the way to Kelly's $12 price target. No need to add, the analyst’s rating is a Buy. (To watch Kelly’s track record, [click here](https://www.tipranks.com/experts/analysts/jed-kelly)) All in all, Vacasa currently holds a Moderate Buy rating from Wall Street’s analysts; in its short time as a public company, it has picked up 4 Buy reviews against 2 Holds. The stock is selling for $6.10 and has a bullish 103% upside potential based on the $12.40 average price target. ([See VCSA stock forecast on TipRanks](https://www.tipranks.com/stocks/vcsa/forecast))) [Image](https://3ts7jc2y8bhe2khfj03ct3q2-wpengine.netdna-ssl.com/wp-content/uploads/2022/01/image-581-1024x516.png) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ [Best Stocks to Buy](https://www.tipranks.com/stocks-to-buy), a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Date: 2022-01-28
Title: Teladoc Stock Is Due for a Major Upside Reversal
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**Teladoc Health** (NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is among the pandemic-driven high-fliers on a sustained downtrend. At the height of the lockdown, investors piled into companies that would thrive in a stay-at-home and work-at-home scenario. In one year’s time, shares of the virtual healthcare services company rocketed 175% to a high of $308, made in February 2021. [A woman talks to a doctor on her laptop. telehealth stocks](https://investorplace.com/wp-content/uploads/2020/09/telehealth_1600_b-300x169.jpg) Source: fizkes/ShutterStock.comCurrently, TDOC stock is trading below $70, down 55% from early November. Teladoc cannot blame its underperformance solely on the bashing growth stocks have taken in 2022, though. Its [ambitious Livongo acquisition](https://www.businessinsider.com/teladoc-livongo-insiders-describe-how-the-merger-is-going-2021-11) will take time to meaningfully add to results, and investors are impatient. They are selling TDOC stock now and asking questions later. **Growth Fails to Lift TDOC Stock** Teladoc is a global leader in virtual healthcare with 76 million members and 10,000 providers.The company [reported third-quarter results](https://www.globenewswire.com/news-release/2021/10/27/2322122/0/en/Teladoc-Health-Reports-Third-Quarter-2021-Results.html) on Oct. 27, delivering some impressive growth. Revenue jumped 81% year over year to $522 million, while the number of visits rose 37% to more than 3.9 million. Meanwhile, management said it expects full-year revenue to be about 85% higher at just over $2 billion. It also highlighted “significant” new agreements with **CVS Health** (NYSE: [CVS](https://investorplace.com/stock-quotes/cvs-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Centene** (NYSE: [CNC](https://investorplace.com/stock-quotes/cnc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) However, the company reported a net loss of $84.3 million for Q3, more than double the loss in the year-ago quarter. That was actually better than analysts were hoping for. Yet, losses for the first nine months of 2021 ballooned 358% year over year to $417.8 million. A big part of the increase in Teladoc’s losses was due to the higher amortization of acquired intangible assets from Livongo and [InTouch Health](https://www.healthcareitnews.com/news/teladoc-completes-intouch-health-acquisition). Still, as investors turned their attention from growth to profitability, TDOC stock has suffered. **What Teladoc Needs to Prove** Teladoc expects to expand its profit margins by gaining scale. Its revenue growth demonstrates this is achievable. Increased operating leverage from its marketplace, investments from research and development, and growth in consumers and clients will raise its adjusted EBITDA over time.Growth investors should brace for the dramatic shift in market sentiment to limit or hurt the stock’s performance in the near term. Teladoc still has vested stock awards related to the Livongo merger. Shareholders realize the deal will enrich Livongo staff while hurting their holding.To justify continued investments in Teladoc, the company needs its virtual and healthcare services to keep growing. Eventually, revenue will outpace costs and stock-based compensation will ease. Moreover, Teladoc needs its business growth to accelerate despite Covid-19 lockdowns permanently easing.The company’s virtual care offers consumers a convenient way to meet their healthcare needs. Teladoc can build on that user experience. For example, it could offer a holistic solution that meets more than just a few customers’ needs. The firm’s suite of offerings includes a broad spectrum of coordinated care services. It can build on chronic care and mental health care through its virtual medical care services. Currently, referrals should sustain growth. To achieve accelerated growth, Teladoc must go to market by expanding internationally through a direct-to-consumer channel.Healthcare systems will recognize the value of its data science, which will deliver actionable insight for data providers. Furthermore, consumers are more engaged and better informed. By getting better healthcare services and health outcomes, Teladoc is a major contender in the virtual health care field. **TDOC Stock Valuation, Risks** According to Stock Rover, a quant scoring service, TDOC stock has a fair grade on quality, value and growth.[Teledoc score](https://investorplace.com/wp-content/uploads/2022/01/tdoc-stock-score.jpg) Chart courtesy of [Stock Rover](https://www.stockrover.com/why-stock-rover/?sa_author=diy_value_investing).The value score suggests Teledoc’s stock price may fall further. Eventually, though, value investors will recognize that the stock is inexpensive relative to its growth prospects for the next three to five years.The company’s expanded scope of products will keep its membership base satisfied. Its widening offerings should also help attract new consumers, boosting growth. For example, according to a [recent presentation](https://s21.q4cdn.com/672268105/files/doc_presentations/2022/01/TDOC-Investor-Presentation-January-2022.pdf), Teladoc has 76 million individuals who have access to its telemedicine solutions, plus another 16 million who have a contract for its chronic care solutions. Those 92 million members will give Teladoc a chance to cross-sell high-value products and services.As for risks, telemedicine is still a nascent field that competes with traditional in-person health care. The firm may take longer than investors hope to increase its market share. Furthermore, Teladoc risks a membership growth slowdown and may need to buy more firms or increase R&D spending to attract more customers. **The Bottom Line on TDOC Stock** In a five-year discounted cash flow revenue exit model, readers may assume the following revenue multiple: \begin{table}{|c|c|c|} \hline Metrics & Range & Conclusion \\ \hline Discount Rate & 10.0% – 8.0% & 9.0% \\ \hline Terminal Revenue Multiple & 1.0x – 2.0x & 1.5x \\ \hline Fair Value & $71.17 – $151.79 & $110.07 \\ \hline \end{table} Model courtesy of [finbox](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z).In this [interactive model](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z), adjust the revenue growth rate to re-calculate the stock’s fair value. I forecasted revenue to grow by at least 75% annually through the fiscal year 2024. This would suggest a fair value of around $110, or 58% higher than today’s price. Investors have no idea when Teladoc’s stock will stop dropping. So, consider starting with a small position first. As sentiment improves and the company gets closer to profitability, build a bigger allocation in TDOC stock. Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns.The post [Teladoc Stock Is Due for a Major Upside Reversal](https://investorplace.com/2022/01/teladoc-stock-is-due-for-a-major-upside-reversal/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: RDFN
Security: Redfin Corporation
Related Stocks/Topics: NIO|Markets|TCNNF|UPST
Title: Stock Market Correction: Buying These 4 Stocks Right Now Would Be a Genius Move
Type: News
Publication: The Motley Fool
Publication Author: Sean Williams
Date: 2022-01-28
Article: It's not something investors like to think about, but stock market crashes and corrections [are a normal part of the investing cycle](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) and the price long-term investors pay for admission to one of the world's greatest wealth creators.Over the past couple of weeks, the investment community has been given a stern reminder that stocks can go down just as easily and they move higher. The tech-heavy **Nasdaq Composite** has entered correction territory, while the benchmark **S&P 500** is contending with its worst slide in more than a year. While stock market corrections can be unnerving, they're also, historically, the perfect time to put money to work in the market -- especially if your average holding period is measured in years. Considering the broader market's propensity to head higher over the long run, buying the following four stocks during the current correction would be a genius move. [A financial planner pointing to a bottom in a stock chart displayed on a laptop. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fstock-market-chart-crash-correction-buy-investment-planning-laptop-getty.jpg&w=700) Image source: Getty Images. **Nio** Even though it's impossible for investors to predict when a stock will bottom with any accuracy, it's not nearly as difficult to identify companies with competitive advantages. [Electric vehicle](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (EV) manufacturer **Nio** [(NYSE: NIO)](https://www.nasdaq.com/market-activity/stocks/nio) is one such company that's dazzled Wall Street with its execution and innovation.Like most auto stocks, Nio was held back in the second and third quarters by semiconductor chip shortages. Thankfully, these supply issues have mostly cleared, which paved the way for the company to deliver more than 10,000 EVs in November and December. Nio is currently pacing an annual run rate of 130,000 EVs, but is expected to [reach a run rate of 600,000 EVs by the end of 2022](https://www.fool.com/investing/2022/01/21/5-growth-stocks-with-119-to-409-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), according to management. The introduction of three new EVs, along with sales growth from its existing trio of vehicles, should propel sales significantly higher this year.The company's management team also deserves credit for the introduction of the battery-as-a-service (BaaS) program in August 2020. The BaaS program allows buyers to charge, swap, and upgrade the batteries in their EVs. Additionally, enrollment in BaaS lowers the initial purchase price of Nio's EVs. In return, customers are paying a recurring monthly fee to Nio for the BaaS program. The company is effectively forgoing a small percentage of lower-margin near-term sales to generate predictable higher-margin long-term cash flow. Despite Nio losing money as it ramps up production, the recent sell-off in shares represents the [perfect buying opportunity for patient investors](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). [An up-close view of a flowering cannabis plant in an indoor commercial cultivation farm.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcannabis-flower-bud-weed-pot-marijuana-grow-facility-greenhouse-legal-canada-getty.jpg&w=700) Image source: Getty Images. **Trulieve Cannabis** Among [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), cannabis companies arguably offer the best value right now. Marijuana stocks have been pummeled for nearly a year, with President Joe Biden and the Democrat-led Congress failing to push any cannabis reform measures into law. But this correction marks an opportune time for investors to buy into a high-quality pot stock like **Trulieve Cannabis** [(OTC: TCNNF)](https://www.nasdaq.com/market-activity/stocks/tcnnf).Trulieve is a multi-state operator (MSO) that's done things a bit different than most seed-to-sale operators. Instead of planting its proverbial flag in as many markets as possible, Trulieve has maintained a core focus on Florida's medical marijuana legal market. Despite operating 160 dispensaries in 11 states, 112 of these stores are located in the Sunshine State. Saturating the Florida market allowed Trulieve to gobble up half of the state's dried flower and oils market share, all while keeping its marketing costs down. The end result is [more than three years of recurring profits](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (and counting).The next step in Trulieve's rapid growth was taken on Oct. 1, 2021, when it closed the largest U.S. pot acquisition in history. The [purchase of MSO Harvest Health and Recreation](https://www.fool.com/investing/2021/08/02/3-top-stocks-thatll-make-you-richer-in-august/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) introduced Trulieve to new markets, as well as gave it the leading position in Harvest Health's home market, Arizona. The Grand Canyon State voted to legalize recreational weed in November 2020 and looks to be on track to eventually reach $1 billion (or more) in annual pot sales. At close to 20 times Wall Street's consensus earnings for 2022, Trulieve is a budding bargain. [A bank employee shaking hands with prospective clients.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fbank-manager-clients-deal-investment-management-branch-getty.jpg&w=700) Image source: Getty Images. **Upstart** Another genius move for long-term investors would be to buy shares of cloud-based lending platform **Upstart** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst), which have been taken for a wild ride over the trailing six months. After quadrupling in value in three months, shares are now down nearly 80% from their peak.The big concern for Upstart is that higher lending rates will reduce demand for everything from personal loans to mortgages at the bank level. Since more than 90% of the revenue Upstart brings in comes from banks or servicing fees, there's obvious concern of a lending slowdown.Yet even with this concern on the table, Upstart's [artificial intelligence](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (AI)-driven lending platform [has all the tools needed](https://www.fool.com/investing/2021/12/22/3-high-growth-stocks-that-crushed-bitcoin-in-2021/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) to continue growing at a double-digit, industry-topping rate. Relying on AI and machine learning to help determine the creditworthiness of loan candidates is resulting in faster approvals and lower costs for lenders. In other words, it's going make Upstart's solutions even more popular among financial institutions. Something else to consider is that Upstart has just begun scratching the surface with the potential for its AI-powered lending platform. Most of its services have historically been focused on personal loans, which is an $81 billion market, according to **TransUnion**. But following the acquisition of Prodigy Software, Upstart [has pushed into auto lending](https://www.fool.com/investing/2021/12/07/pounding-the-table-on-upstart/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). The total addressable market for auto loans is about eight times the size of personal loans.With Upstart profitable and blowing away Wall Street's profit expectations, it has the look of a no-brainer buy. [A couple meeting with a real estate agent in front of a two-story home. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcouple-meeting-with-real-estate-agent-buy-house-listing-fee-mortgage-getty.jpg&w=700) Image source: Getty Images. **Redfin** A final genius move investors can make during this stock market correction is to buy shares of tech-driven real estate company **Redfin** [(NASDAQ: RDFN)](https://www.nasdaq.com/market-activity/stocks/rdfn).Similar to Upstart, shares of Redfin have been battered on worries of higher interest rates. Since mortgage rates tend to closely mirror the movement of the 10-year Treasury bond, higher rates are likely to quell some homebuying and selling activity. In spite of these concerns, mortgage rates are expected to remain well below their historic average for years to come. While there could be an initial knee-jerk reaction to higher mortgage rates, there will still be plenty of incentive for homebuyers to take the plunge.[What makes Redfin so attractive](https://www.fool.com/investing/2021/08/01/5-stocks-can-turn-50000-into-1-million-by-2040/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) is the cost savings and personalization it can provide, relative to traditional real estate companies. For instance, whereas most realty companies charge a commission/listing fee ranging from 2.5% to 3%, Redfin charges 1% or 1.5%, depending on how much previous business has been done with the company. Based on a median existing home sales price of $358,000 in December 2021, according to the National Association of Realtors, a Redfin seller could be banking more than $7,100 in savings versus a traditional realtor.Aside from cost savings, [Redfin's personalized services](https://www.fool.com/investing/2021/10/08/the-smartest-stocks-to-buy-with-100-right-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) are also driving users to the platform. The company's Concierge service helps with staging and projects to maximize the selling value of a home. Meanwhile, its RedfinNow program, which operates in select cities, purchases homes in cash and removes the hassles of selling a property.Expect Redfin to continue gobbling up U.S. existing home sales market share for the foreseeable future. **10 stocks we like better than NIO Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) for investors to buy right now... and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends NIO Inc., Redfin, Trulieve Cannabis Corp., and Upstart Holdings, Inc. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 28.1123
Stock Price 2 days before: 28.2561
Stock Price 1 day before: 27.0934
Stock Price at release: 25.7384
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: BYND
Security: Beyond Meat, Inc.
Related Stocks/Topics: Stocks
Title: Beyond Meat (BYND) Stock Sinks As Market Gains: What You Should Know
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: In the latest trading session, Beyond Meat (BYND) closed at $56.54, marking a -0.04% move from the previous day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.Prior to today's trading, shares of the plant-based meat company had lost 16.07% over the past month. This has lagged the Consumer Staples sector's loss of 1.73% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Beyond Meat as it approaches its next earnings release. In that report, analysts expect Beyond Meat to post earnings of -$0.73 per share. This would mark a year-over-year decline of 114.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103.98 million, up 2% from the year-ago period.Investors should also note any recent changes to analyst estimates for Beyond Meat. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Beyond Meat currently has a Zacks Rank of #3 (Hold).The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BYND in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [Beyond Meat, Inc. (BYND): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYND&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859411/beyond-meat-bynd-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411)
Stock Price 4 days before: 56.3105
Stock Price 2 days before: 62.7372
Stock Price 1 day before: 58.8642
Stock Price at release: 55.6527
Risk-Free Rate at release: 0.0004
| 44.1706 |
Broader Economic Information:
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Date: 2022-01-28
Title: Noteworthy Friday Option Activity: AVXL, LMND, AMAT
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Anavex Life Sciences Corp (Symbol: AVXL), where a total of 5,374 contracts have traded so far, representing approximately 537,400 underlying shares. That amounts to about 50.1% of AVXL's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the [$8 strike put option expiring January 28, 2022](https://www.stockoptionschannel.com/symbol/?symbol=AVXL&month=20220128&type=put&contract=8.00), with 1,100 contracts trading so far today, representing approximately 110,000 underlying shares of AVXL. Below is a chart showing AVXL's trailing twelve month trading history, with the $8 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Lemonade Inc (Symbol: LMND) options are showing a volume of 12,973 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 49.8% of LMND's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$50 strike call option expiring September 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=LMND&month=20220916&type=call&contract=50.00), with 1,757 contracts trading so far today, representing approximately 175,700 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $50 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Applied Materials, Inc. (Symbol: AMAT) options are showing a volume of 47,114 contracts thus far today. That number of contracts represents approximately 4.7 million underlying shares, working out to a sizeable 49.7% of AMAT's average daily trading volume over the past month, of 9.5 million shares. Particularly high volume was seen for the [$130 strike put option expiring May 20, 2022](https://www.stockoptionschannel.com/symbol/?symbol=AMAT&month=20220520&type=put&contract=130.00), with 3,398 contracts trading so far today, representing approximately 339,800 underlying shares of AMAT. Below is a chart showing AMAT's trailing twelve month trading history, with the $130 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [AVXL options](https://www.stockoptionschannel.com/symbol/avxl/), [LMND options](https://www.stockoptionschannel.com/symbol/lmnd/), or [AMAT options](https://www.stockoptionschannel.com/symbol/amat/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: After Hours Most Active for Jan 28, 2022 : QQQ, AAPL, FIXX, PACB, EDAP, MSFT, T, BAC, XOM, BHP, HAL, BTU
Article: The [NASDAQ 100 After Hours Indicator](https://www.nasdaq.com/market-activity/after-hours) is down -13.84 to 14,440.77. The total After hours volume is currently 75,009,434 shares traded.The following are the [most active stocks for the after hours session](https://www.nasdaq.com/market-activity/after-hours): Invesco QQQ Trust, Series 1 ([QQQ](http://www.nasdaq.com/market-activity/funds-and-etfs/QQQ))) is -0.23 at $351.57, with 3,265,435 shares traded. This represents a 18.19% increase from its 52 Week Low. Apple Inc. ([AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL))) is -0.32 at $170.01, with 3,106,348 shares traded. As reported by Zacks, the current mean recommendation for [AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL) is in the "buy range".Homology Medicines, Inc. ([FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX))) is +0.01 at $3.15, with 2,369,193 shares traded. As reported in the last short interest update the days to cover for [FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX) is 11.690169; this calculation is based on the average trading volume of the stock.Pacific Biosciences of California, Inc. ([PACB](http://www.nasdaq.com/market-activity/stocks/PACB))) is -0.07 at $9.99, with 2,039,518 shares traded. [PACB's](http://www.nasdaq.com/market-activity/stocks/PACB) current last sale is 29.38% of the target price of $34.EDAP TMS S.A. ([EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP))) is unchanged at $6.84, with 1,831,848 shares traded. As reported by Zacks, the current mean recommendation for [EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP) is in the "strong buy range".Microsoft Corporation ([MSFT](http://www.nasdaq.com/market-activity/stocks/MSFT))) is -0.26 at $308.00, with 1,417,846 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $2.18. [MSFT's](http://www.nasdaq.com/market-activity/stocks/MSFT) current last sale is 84.85% of the target price of $363.AT&T Inc. ([T](http://www.nasdaq.com/market-activity/stocks/T))) is -0.01 at $25.20, with 1,331,267 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.8. [T's](http://www.nasdaq.com/market-activity/stocks/T) current last sale is 84% of the target price of $30.Bank of America Corporation ([BAC](http://www.nasdaq.com/market-activity/stocks/BAC))) is -0.08 at $45.79, with 1,089,959 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for [BAC](http://www.nasdaq.com/market-activity/stocks/BAC) is in the "buy range".Exxon Mobil Corporation ([XOM](http://www.nasdaq.com/market-activity/stocks/XOM))) is -0.01 at $75.27, with 953,036 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2021. The consensus EPS forecast is $1.96. [XOM](http://www.nasdaq.com/market-activity/stocks/XOM) is scheduled to provide an earnings report on 2/1/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is 1.96 per share, which represents a 3 percent increase over the EPS one Year Ago BHP Group Limited ([BHP](http://www.nasdaq.com/market-activity/stocks/BHP))) is unchanged at $64.17, with 952,320 shares traded. [BHP's](http://www.nasdaq.com/market-activity/stocks/BHP) current last sale is 87.9% of the target price of $73.Halliburton Company ([HAL](http://www.nasdaq.com/market-activity/stocks/HAL))) is -0.16 at $31.20, with 931,947 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.34. As reported by Zacks, the current mean recommendation for [HAL](http://www.nasdaq.com/market-activity/stocks/HAL) is in the "buy range".Peabody Energy Corporation ([BTU](http://www.nasdaq.com/market-activity/stocks/BTU))) is -0.08 at $11.15, with 926,925 shares traded. As reported by Zacks, the current mean recommendation for [BTU](http://www.nasdaq.com/market-activity/stocks/BTU) is in the "buy range".
Date: 2022-01-28
Title: Euronet Worldwide (EEFT) Moves 10.1% Higher: Will This Strength Last?
Article: **Euronet Worldwide** (EEFT) shares rallied 10.1% in the last trading session to close at $133.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% gain over the past four weeks.The fundamental driving factor can be attributed to the fact that Euronet joined the S&P MidCap 400, which will be effective before trading opens on Feb 1. **Compass Minerals International, Inc.** [CMP](https://www.nasdaq.com/market-activity/stocks/cmp) got replaced as a result of Euronet’s inclusion in the S&P MidCap 400. Reasons such as solid performances exhibited by Euronet’s Electronic Funds Transfer, epay and Money Transfer businesses might have acted as tailwinds for the company.This electronic payments and transactions processor is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +19.8%. Revenues are expected to be $807.42 million, up 14.3% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Euronet Worldwide, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EEFT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_535_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3-1858827) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Euronet Worldwide, Inc. (EEFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EEFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858827/euronet-worldwide-eeft-moves-10-1-higher-will-this-strength-last?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Evotec SE - ADR Shares Close in on 52-Week Low - Market Mover
Article: Evotec SE - ADR ([EVO](https://kwhen.com/finance/profiles/EVO/summary))) shares closed today at 0.1% above its 52 week low of $19.13, giving the company a market cap of $6B. The stock is currently down 19.1% year-to-date, up 96.9% over the past 12 months, and up 96.9% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 59.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Relay Therapeutics Inc Shares Near 52-Week Low - Market Mover
Article: Relay Therapeutics Inc ([RLAY](https://kwhen.com/finance/profiles/RLAY/summary))) shares closed today at 1.1% above its 52 week low of $20.16, giving the company a market cap of $2B. The stock is currently down 33.6% year-to-date, down 63.3% over the past 12 months, and down 41.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 51.6% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 677.4% - The company's stock price performance over the past 12 months lags the peer average by 343.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: JBLU
Security: JetBlue Airways Corporation
Related Stocks/Topics: Stocks|DAL|UAL|JBHT
Title: JetBlue Airways (JBLU) Posts Narrower-Than-Expected Q4 Loss
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **JetBlue Airways** [JBLU](https://www.nasdaq.com/market-activity/stocks/jblu) incurred a fourth-quarter 2021 loss (excluding 4 cents from non-recurring items) of 36 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 40 cents. This was the eighth successive quarterly loss posted by this currently Zacks Rank #4 (Sell) low-cost carrier. **JetBlue Airways Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart)[JetBlue Airways Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart) | [JetBlue Airways Corporation Quote](https://www.nasdaq.com/market-activity/stocks/jblu) Quarterly loss per share was also narrower than the year-ago loss of $1.53.Operating revenues of $1,834 million skyrocketed more than 177% year over year and also surpassed the Zacks Consensus Estimate of $1,829.9 million. This massive year-over-year jump reflects improving air-travel demand. However, revenues decreased 7%, sequentially, mainly due to the omicron crisis. Moreover, quarterly revenues declined 9.7% from the fourth-quarter 2019 actuals.Passenger revenues, accounting for the bulk of the top line (92.4%), increased to $1,695 million in fourth-quarter 2021 from a mere $606 million a year ago when the impact of coronavirus on air-travel demand was much severe. Other revenues surged in excess of 100% to $139 million. **Other Details** All comparisons are presented on a year-over-year basis. Revenue per available seat mile (RASM: a key measure of unit revenues) in the reported quarter improved 54.6% to 12.06 cents. Passenger revenue per available seat mile (PRASM) surged 55.9% to 11.15 cents owing to better air-travel demand. Average fare at JetBlue during the quarter increased 9% to $196.76. Yield per passenger mile shot up 7% year over year to 14.58 cents.Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) skyrocketed 161.6% in the reported quarter. To cater to this increased demand, capacity (measured in available seat miles) expanded 79.4% to 15,211 million. Consolidated load factor (percentage of seats filled by passengers) increased 24 percentage points to 76.4% in the fourth quarter of 2021 as traffic growth outpaced capacity expansion. In the fourth quarter, total operating expenses (on a reported basis) escalated 75.1% to $1,953 million, mainly due to a 244.7% rise in aircraft fuel expenses and related taxes. Average fuel price per gallon (including related taxes) climbed to $2.37 from $1.31 a year ago as oil prices move north.JetBlue’s operating expenses per available seat mile (CASM) fell 2.4% to 12.84 cents. Excluding fuel, the metric declined 21.5% to 9.66 cents.JetBlue, currently carrying a Zacks Rank #4 (Sell), exited the fourth quarter of 2021 with cash and cash equivalents of $2,018 million compared with $1,918 million at the end of 2020. Total debt at the end of the reported quarter was $4,006 million compared with $4,863 million at 2020 end. During the quarter, JBLU paid off debt worth $120 million.JetBlue exited the December quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments, reflecting 35% of the 2019 levels. Adjusted EBITDA in the quarter was $31 million, toward the better end of the guided range of ($50)-$50 million.You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Outlook** Due to the omicron-induced turbulence, JetBlue reduced its scheduled flights for the current quarter. While providing guidance for first-quarter 2022, management stated that all comparisons are made with respect to the first quarter of 2019. Capacity is anticipated in the range of (1)-2% compared with the figure reported in the first quarter of 2019. CASM, excluding fuel and special items, is predicted to rise 13-15%.Total revenues are forecast to drop in the 11-16% range. Average fuel cost per gallon in the March quarter is estimated to be $2.59. Fuel consumption is expected to be roughly 195 million gallons in the first quarter of 2022. Capital expenditures in the March quarter are anticipated to be roughly $175 million.Management expects the omicron impact to be short term. Per JetBlue CEO Robin Hayes, “While Omicron has temporarily weighed on demand in the very near term, we expect sequential month-on-month improvement through the quarter, ultimately returning to sustained profitability in the spring and beyond. Furthermore, were it not for Omicron, we believe we would have generated higher revenue this quarter than in the first quarter of 2019.”For 2022, capacity is expected to increase in the 11-15% range from the 2019 levels. CASM, excluding fuel and special items, is predicted to rise 1-5% from the 2019 actuals. **Sectorial Snapshots** Within the broader [Transportation](https://www.zacks.com/stocks/industry-rank/sector/transportation-15) sector, **J.B. Hunt Transport Services** [JBHT](https://www.nasdaq.com/market-activity/stocks/jbht) , **United Airlines** [UAL](https://www.nasdaq.com/market-activity/stocks/ual) and **Delta Air Lines** [DAL](https://www.nasdaq.com/market-activity/stocks/dal) recently reported fourth-quarter 2021 results. J.B. Hunt Transport Services reported fourth-quarter 2021 earnings of $2.28 per share, surpassing the Zacks Consensus Estimate of $1.99. The bottom line surged 58.3% year over year on the back of higher revenues across all segments.JBHT’s operating revenues of $3,497 million also outperformed the Zacks Consensus Estimate of $3,287.8 million. The top line jumped 27.7% year over year. Total operating revenues, excluding fuel surcharges, rose 21.7% year over year.United Airlines incurred a loss (excluding 39 cents from non-recurring items) of $1.60 per share in the fourth quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.23. The amount of loss narrowed by 77.1% year over year.UAL’s operating revenues of $8,192 million also outperformed the Zacks Consensus Estimate of $7,930.9 million. The top line surged more than 100% year over year, with passenger revenues, accounting for 84% of the top line, having soared 185.4% to $6,878 million.Delta reported fourth-quarter 2021 earnings (excluding 86 cents from non-recurring items) of 22 cents per share, outpacing the Zacks Consensus Estimate of 15 cents. Earnings came against the year-ago quarter’s loss of $2.53 per share. Strong holiday travel demand and favorable pricing aided the December-quarter results. DAL’s revenues came in at $9,470 million, which not only beat the Zacks Consensus Estimate of $9,232.1 million but also skyrocketed more than 100% from the year-ago figure as people resorted to air travel during the holidays. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [JetBlue Airways Corporation (JBLU): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBLU&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Delta Air Lines, Inc. (DAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [United Airlines Holdings Inc (UAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBHT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859337/jetblue-airways-jblu-posts-narrower-than-expected-q4-loss?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 13.31
Stock Price 2 days before: 14.0737
Stock Price 1 day before: 14.1389
Stock Price at release: 13.5637
Risk-Free Rate at release: 0.0004
| 15.346 |
Broader Economic Information:
Date: 2022-01-28
Title: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend
Article: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Monro Inc Shares Fall 4.3% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 4.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 8.5% year-to-date, down 4.6% over the past 12 months, and down 2.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 203.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 11.8% - The company's stock price performance over the past 12 months lags the peer average by -115.0% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 185.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Arcaea, The Beauty Company Pioneering Innovation Through Expressive Biology, Announces Strategic Investment and Partnership from OLAPLEX to Deliver New Technology in Haircare
Article: **Arcaea to accelerate the beauty industry's transition from industrial chemistry to a more regenerative era driven by Expressive Biology** BOSTON, Jan. 28, 2022 /PRNewswire/ -- [Arcaea](https://c212.net/c/link/?t=0&l=en&o=3427118-1&h=1319562307&u=http%3A%2F%2Fwww.arcaea.com%2F&a=Arcaea) (Ar-kay-uh) announced OLAPLEX (NASDAQ: OLPX), an innovative, science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, to target transformation in the hair care industry, made a strategic investment in the Company during the third quarter of 2021. [](https://mma.prnewswire.com/media/1670816/Arcaea_Wordmark_Black_Logo.html) Arcaea's mission is to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling. Arcaea is initiating hair and scalp care programs to expand the tools consumers have to strengthen and protect their hair and scalp across the professional, specialty retail and direct-to-consumer channels. "We are thrilled to have OLAPLEX as a strategic partner and investor as we grow Arcaea," said Jasmina Aganovic, founder and CEO of Arcaea. "Their insight and expertise in hair care, as well as a shared desire to see new advances to improve consumer health in an industry ripe for innovation, is reflective of the shared future we want to see; and makes them an ideal partner." "Innovation is a part of our OLAPLEX brand DNA and we are committed to providing cutting edge technology that will help to solve real consumer problems," said JuE Wong, OLAPLEX president and chief executive officer. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors including Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing round brings together a mix of expertise across the value chain of the industry, and will enable Arcaea to initiate multiple technical programs across key categories in beauty to develop a pipeline of ingredients and brand launches; and create a world of previously unimaginable possibilities in beauty. **About Arcaea (Ar-kay-uh)**Arcaea, LLC (Ar-kay-uh), a company launched on the Ginkgo Bioworks platform, with the mission to build a new foundation for the beauty industry through expressive biology. Arcaea sees biology as a valuable creative tool for self expression. The company will grow new ingredients and product experiences for beauty through technology such as DNA sequencing, biological engineering, fermentation and more. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and formed under the name Kalo Ingredients LLC. **About OLAPLEX** OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building", the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand's products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX's award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels. [Cision](https://c212.net/c/img/favicon.png?sn=NY45364&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html](https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html) SOURCE Arcaea
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?
Article: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Sector Information:
Date: 2022-01-28
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)
Article: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\ \hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: GLP,MTDR,CVX
Article: Energy stocks were retreating this afternoon, with the NYSE Energy Sector Index falling 0.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.2%. The Philadelphia Oil-Service Sector index was 0.1% lower but the Dow Jones US Utilities Index was climbing 0.2%. West Texas Intermediate crude oil was rising $1.29 to $87.90 per barrel while global benchmark Brent crude was advancing $1.68 to $91.02 per barrel. Henry Hub natural gas futures were extending their recent rebound, adding $0.42 to $4.70 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold. In company news, Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was 1.4% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 1.4% lower, reversing a nearly 2% gain, that followed an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 4.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Date: 2022-01-28
Title: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans
Article: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [[email protected]](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: NTGR
Security: NETGEAR, Inc.
Related Stocks/Topics: Stocks|AAPL|LFUS
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 26.6305
Stock Price 2 days before: 27.8182
Stock Price 1 day before: 26.5052
Stock Price at release: 25.7482
Risk-Free Rate at release: 0.0004
| 26.023 |
Broader Economic Information:
Date: 2022-01-28
Title: Enterprise Financial Services' (NASDAQ:EFSC) Shareholders Will Receive A Bigger Dividend Than Last Year
Article: The board of **Enterprise Financial Services Corp** (NASDAQ:EFSC) has announced that it will be increasing its dividend on the 31st of March to US$0.21. Even though the dividend went up, the yield is still quite low at only 1.6%. **Enterprise Financial Services' Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, Enterprise Financial Services' earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.3% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.[historic-dividend](https://images.simplywall.st/asset/chart/3109911-historic-dividend-1-dark/1643364750984) NasdaqGS:EFSC Historic Dividend January 28th 2022**Enterprise Financial Services Has A Solid Track Record** The company has an extended history of paying stable dividends. Since 2012, the first annual payment was US$0.21, compared to the most recent full-year payment of US$0.84. This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable. **Enterprise Financial Services Could Grow Its Dividend** Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Enterprise Financial Services has impressed us by growing EPS at 7.6% per year over the past five years. Enterprise Financial Services definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We'd also point out that Enterprise Financial Services has issued stock equal to 44% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. **Enterprise Financial Services Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified [2 warning signs for Enterprise Financial Services](https://simplywall.st/stocks/us/banks/nasdaq-efsc/enterprise-financial-services?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYwODpmMTQxOGU3MDUzZWQ4NmY4)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Interface, Inc. To Broadcast Fourth Quarter and Fiscal Year 2021 Results Conference Call Over the Internet
Article: ATLANTA, Jan. 28, 2022 /PRNewswire/ -- [Interface, Inc.](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2725390234&u=https%3A%2F%2Fwww.interface.com%2FUS%2Fen-US%2Fhomepage&a=Interface%2C+Inc.) (Nasdaq: TILE) announced today that it intends to release its fourth quarter and fiscal year 2021 results on Tuesday, March 1, 2022, prior to the open of the market. Interface will host a conference call the morning of Tuesday, March 1, 2022, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Daniel T. Hendrix, Chairman and Chief Executive Officer, and Bruce A. Hausmann, Vice President and Chief Financial Officer, will host the call. [](https://mma.prnewswire.com/media/1215229/Interface_Logo.html) Certain information discussed on the conference call will be available on Interface's website, at [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). **Call details:****Tuesday, March 1, 2022**8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific Time Listeners may access the conference call live over the Internet at the following address: [https://events.q4inc.com/attendee/899136320](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2930574180&u=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320&a=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320) or through the Company's website at: [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). Please allow at least 15 minutes prior to the call to visit one of these sites and download and install any necessary audio software. An archived version of the conference call will be available at these sites for one year shortly after the call ends. **About Interface** Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. Learn more about Interface at [interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3308388973&u=http%3A%2F%2Fwww.interface.com%2F&a=interface.com) and [blog.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=709160865&u=http%3A%2F%2Fblog.interface.com%2F&a=blog.interface.com), our nora brand at [nora.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=719743675&u=http%3A%2F%2Fwww.nora.com%2F&a=nora.com), and our FLOR® brand at [FLOR.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3495239581&u=https%3A%2F%2Fwww.flor.com%2F&a=FLOR.com). Follow us on [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2569248785&u=https%3A%2F%2Ftwitter.com%2FInterfaceInc&a=Twitter), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2076040437&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Finterface&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3636328122&u=https%3A%2F%2Fwww.facebook.com%2FInterface%2F%3Ffref%3Dts&a=Facebook), [Pinterest](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1430591711&u=https%3A%2F%2Fwww.pinterest.com%2Finterface%2F&a=Pinterest), [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=361166393&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finterface&a=LinkedIn), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=739939483&u=https%3A%2F%2Fwww.instagram.com%2Finterface%2F&a=Instagram), and [Vimeo](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1728872219&u=https%3A%2F%2Fvimeo.com%2Finterface&a=Vimeo). [Cision](https://c212.net/c/img/favicon.png?sn=NY44896&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html](https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html) SOURCE Interface, Inc.
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Broader Industry Information:
Broader Sector Information:
Date: 2022-01-28
Title: AAM to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11
Article: DETROIT, Jan. 28, 2022 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 11, 2022. A press release announcing the results will be issued before the market opens on the same day and will be available at [www.aam.com](http://www.aam.com/). [](https://mma.prnewswire.com/media/526564/AAM_Logo.html) To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 6602864. To participate by live audio webcast or listen to the briefing following the call, visit [investor.aam.com](http://investor.aam.com/). A replay will be available one hour after the call is complete until February 18, 2022. To listen to the replay please dial: (877) 344-7529 from the United States (412) 317-0088 from outside the United States When prompted, callers should enter replay access code 7323464. The audio replay will also be archived on AAM's website for one year. **About AAM:**AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures highly advanced electric propulsion, driveline, and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 18,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit [aam.com](http://aam.com/). \begin{table}{|c|c|} \hline For more information: & \\ \hline Investor Contact & Media Contact \\ \hline David H. Lim & Christopher M. Son \\ \hline Head of Investor Relations & Vice President, Marketing & Communications \\ \hline (313) 758-2006 & (313) 758-4814 \\ \hline [email protected] & [email protected] \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=DE45046&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html](https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html) SOURCE American Axle & Manufacturing Holdings, Inc.
Date: 2022-01-28
Title: TPG RE Finance Trust, Inc. Announces CEO Appointment
Article: Incoming CEO Doug Bouquard also named Partner of TPG NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that its Board of Directors has appointed Doug Bouquard as Chief Executive Officer and elected him as a director, in each case effective April 25, 2022. Bouquard will also become a Partner of TPG (NASDAQ: TPG) and TPG Real Estate, the firm’s dedicated real estate investment platform.Bouquard will join TRTX’s senior management team alongside its President, Matt Coleman; Chief Financial Officer, Bob Foley; General Counsel, Vice President, and Secretary, Deborah Ginsberg; and Chief Investment Officer and Vice President, Peter Smith. His appointment marks the culmination of an extensive search conducted by TPG and the TRTX Board of Directors.“Doug has nearly two decades of experience in real estate credit, and his appointment is a continuation of the firm’s strategy to grow a differentiated real estate investment platform,” said Jon Winkelried, CEO of TPG. “Doug shares our commitment to investing with excellence, and we are excited to have him on board.”Bouquard joins TRTX from Goldman Sachs, where he most recently served as a Managing Director and Head of US Commercial Real Estate Debt in the Global Markets Division. In this role, he had oversight of the firm’s commercial real estate debt origination activities, including securitized lending, balance sheet lending, and commercial real estate warehouse financing, as well as commercial real estate securities issuance.“On behalf of the Board, I am pleased to welcome Doug to TRTX,” said Avi Banyasz, Chairman of the Board of TRTX and Co-Head of TPG Real Estate. “Doug is a proven leader in our industry with a strong track record and extensive investment experience. He is well-suited to lead TRTX through its next chapter as the Company works to serve our clients and maximize long-term value for our shareholders.”Prior to his current role at Goldman Sachs, Bouquard was responsible for various mortgage lending and trading businesses. He joined Goldman Sachs in 2004 as an analyst in the mortgage trading department and was named Managing Director in 2013. Bouquard earned a B.A. from Colgate University. He is a trustee, Chairman of the Investment Committee, and member of the Executive Committee of The Hill School.“I have long admired TRTX and am excited to join TPG at such an important time in the firm’s history,” said Bouquard. “The TRTX team brings a strong combination of experience and innovation to the market, and I look forward to furthering the Company’s position as a leading real estate debt franchise.”Bouquard’s appointment follows a strong year for TRTX, with 2021 loan originations of $1.9 billion focused in key thematic areas including multifamily and life sciences. The Company also completed several important capital market transactions, including a $1.25 billion managed CRE CLO, TRTX 2021-FL4, and the issuance of 6.25% Series C Cumulative Redeemable Preferred Stock. **About TRTX** TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG. For more information regarding TRTX, visit [https://www.tpgrefinance.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tpgrefinance.com%2F&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=https%3A%2F%2Fwww.tpgrefinance.com%2F&index=1&md5=be800ad953bd550db82f9a1a8615414a). **About TPG** TPG is a leading global alternative asset management firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. **Forward-Looking Statements** The information contained in this press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to various risks and uncertainties, including the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 and in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=www.sec.gov&index=2&md5=d7f73162f656f0e0d9791c4a8b54538b). Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, or state other forward-looking information. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005076r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005076/en/](https://www.businesswire.com/news/home/20220128005076/en/) **Media** Luke Barrett [[email protected] ](mailto:[email protected])415-743-1550**Investor Relations** TRTX [[email protected] ](mailto:[email protected])212-405-8500TPG Gary Stein [[email protected] ](mailto:[email protected])212-601-4750 Source: TPG RE Finance Trust, Inc.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. 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Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Capitol Federal Financial, Inc.® Reports First Quarter Fiscal Year 2022 Results
Article: TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc.® (NASDAQ: CFFN) (the "Company"), the parent company of Capitol Federal Savings Bank (the "Bank"), announced results today for the quarter ended December 31, 2021. The Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2021 will be filed with the Securities and Exchange Commission ("SEC") on or about February 9, 2022 and posted on our website, [http://ir.capfed.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.capfed.com&esheet=52570186&newsitemid=20220128005032&lan=en-US&anchor=http%3A%2F%2Fir.capfed.com&index=1&md5=417f4fd15e6c5df9e7a35490bb2ebdac). **For best viewing results, please view this release in Portable Document Format (PDF) on our website. **Highlights for the quarter include: - net income of $22.2 million; - basic and diluted earnings per share of $0.16; - net interest margin of 1.99%; - paid dividends of $41.4 million, or $0.305 per share; and - on January 25, 2022, announced a cash dividend of $0.085 per share, payable on February 18, 2022 to stockholders of record as of the close of business on February 4, 2022. **Comparison of Operating Results for the Three Months Ended December 31, 2021 and September 30, 2021**For the quarter ended December 31, 2021, the Company recognized net income of $22.2 million, or $0.16 per share, compared to net income of $18.6 million, or $0.14 per share, for the quarter ended September 30, 2021. The increase in net income was due primarily to a higher negative provision for credit losses compared to the prior quarter and lower non-interest expense. The net interest margin increased two basis points, from 1.97% for the prior quarter to 1.99% for the current quarter, due mainly to a decrease in the cost of retail certificates of deposit.Interest and Dividend IncomeThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & & & \\ \hline Loans receivable & $ & 55,788 & & $ & 57,139 & & $ & (1,351 & ) & & (2.4 & ) % \\ \hline Mortgage-backed securities ("MBS") & & 4,625 & & & 4,900 & & & (275 & ) & & (5.6 & ) \\ \hline Federal Home Loan Bank Topeka ("FHLB") stock & & 1,231 & & & 952 & & & 279 & & & 29.3 & \\ \hline Investment securities & & 808 & & & 750 & & & 58 & & & 7.7 & \\ \hline Cash and cash equivalents & & 14 & & & 27 & & & (13 & ) & & (48.1 & ) \\ \hline Total interest and dividend income & $ & 62,466 & & $ & 63,768 & & $ & (1,302 & ) & & (2.0 & ) \\ \hline \end{table} The decrease in interest income on loans receivable was primarily in the one-to four-family portfolio due to a reduction in the weighted average rate of the portfolio due to originations, purchases, refinances and endorsements to lower market rates and payoffs of higher rate loans, along with a reduction in commercial loan deferred fee amortization related to the Paycheck Protection Program ("PPP"). The decrease in interest income on MBS was due primarily to a decrease in the average balance of the portfolio. The increase in dividend income on FHLB stock was due mainly to a special year-end dividend of 1.00% paid by FHLB during the current quarter.Interest ExpenseThe following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST EXPENSE: & & & & & & & \\ \hline Deposits & $ & 9,267 & & $ & 10,335 & & $ & (1,068 & ) & & (10.3 & ) % \\ \hline Borrowings & & 7,585 & & & 7,889 & & & (304 & ) & & (3.9 & ) \\ \hline Total interest expense & $ & 16,852 & & $ & 18,224 & & $ & (1,372 & ) & & (7.5 & ) \\ \hline \end{table} The decrease in interest expense on deposits was due primarily to a decrease in the weighted average rate and the average balance of the retail certificate of deposit portfolio. See "Financial Condition as of December 31, 2021" below for additional information on deposits. The decrease in interest expense on borrowings was due to the full impact during the current quarter of certain FHLB advances being replaced at lower rates during the prior quarter.Provision for Credit LossesFor the quarter ended December 31, 2021, the Bank recorded a negative provision for credit losses of $3.4 million, compared to a negative provision for credit losses of $1.3 million for the prior quarter. The negative provision in the current quarter was comprised of a $2.3 million decrease in the allowance for credit losses ("ACL") for loans due primarily to a reduction in the balance of special mention commercial loans and a $1.1 million decrease in reserves for off-balance sheet credit exposures due mainly to continued improving economic conditions. See additional discussion regarding the Bank's ACL and reserves for off-balance sheet credit exposures at December 31, 2021 in the "Asset Quality" section below.Non-Interest IncomeThe following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST INCOME: & & & & & & & \\ \hline Deposit service fees & $ & 3,430 & & $ & 3,294 & & $ & 136 & & & 4.1 & % \\ \hline Insurance commissions & & 711 & & & 781 & & & (70 & ) & & (9.0 & ) \\ \hline Other non-interest income & & 1,365 & & & 1,228 & & & 137 & & & 11.2 & \\ \hline Total non-interest income & $ & 5,506 & & $ & 5,303 & & $ & 203 & & & 3.8 & \\ \hline \end{table} Non-Interest ExpenseThe following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST EXPENSE: & & & & & & & \\ \hline Salaries and employee benefits & $ & 13,728 & & $ & 14,600 & & $ & (872 & ) & & (6.0 & ) % \\ \hline Information technology and related expense & & 4,432 & & & 4,354 & & & 78 & & & 1.8 & \\ \hline Occupancy, net & & 3,379 & & & 3,639 & & & (260 & ) & & (7.1 & ) \\ \hline Regulatory and outside services & & 1,368 & & & 1,476 & & & (108 & ) & & (7.3 & ) \\ \hline Advertising and promotional & & 1,064 & & & 1,404 & & & (340 & ) & & (24.2 & ) \\ \hline Deposit and loan transaction costs & & 697 & & & 638 & & & 59 & & & 9.2 & \\ \hline Federal insurance premium & & 639 & & & 657 & & & (18 & ) & & (2.7 & ) \\ \hline Office supplies and related expense & & 468 & & & 426 & & & 42 & & & 9.9 & \\ \hline Other non-interest expense & & 919 & & & 1,053 & & & (134 & ) & & (12.7 & ) \\ \hline Total non-interest expense & $ & 26,694 & & $ & 28,247 & & $ & (1,553 & ) & & (5.5 & ) \\ \hline \end{table} The decrease in salaries and employee benefits was primarily related to incentive compensation, as fiscal year 2021 incentives were finalized during the prior quarter. The decrease in occupancy, net was due mainly to decreases in utilities and building maintenance expenses. The decrease in advertising and promotional expense was due primarily to the timing of campaigns.The Company's efficiency ratio was 52.22% for the current quarter compared to 55.55% for the prior quarter. The improvement in the efficiency ratio was due primarily to lower non-interest expense. The efficiency ratio is a measure of a financial institution's total non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. A lower value indicates that the financial institution is generating revenue with a lower level of expense, relative to the net interest margin and non-interest income.Income Tax ExpenseThe following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & & 2021 & & & & 2021 & & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline Income before income tax expense & $ & 27,865 & & & $ & 23,923 & & & $ & 3,942 & & 16.5 & % \\ \hline Income tax expense & & 5,679 & & & & 5,370 & & & & 309 & & 5.8 & \\ \hline Net income & $ & 22,186 & & & $ & 18,553 & & & $ & 3,633 & & 19.6 & \\ \hline & & & & & & & \\ \hline Effective Tax Rate & & 20.4 & % & & & 22.4 & % & & & & \\ \hline \end{table} The increase in income tax expense was due primarily to higher pretax income, partially offset by a lower effective tax rate in the current quarter. The effective tax rate was higher in the prior quarter due mainly to year-end adjustments of permanent tax differences, specifically the Company's low income housing partnership amounts.Leverage StrategyAt times, the Bank has utilized a leverage strategy to increase earnings. The leverage strategy involves borrowing on either the Bank's FHLB line of credit or by entering into short-term FHLB advances with the proceeds from the borrowings, net of the required FHLB stock holdings, deposited at the Federal Reserve Bank of Kansas City. The leverage strategy was not in place during the current quarter or in recent years as the strategy was not profitable. The strategy did, however, become profitable again in January 2022, and management reimplemented the strategy by entering into $1.80 billion of short-term FHLB advances. It is expected that the strategy will continue to be used as long as it is profitable. The borrowing level related to the strategy may fluctuate while the strategy is in place. **Comparison of Operating Results for the Three Months Ended December 31, 2021 and 2020**The Company recognized net income of $22.2 million, or $0.16 per share, for the current quarter compared to net income of $18.9 million, or $0.14 per share, for the prior year quarter. The increase in net income was due primarily to a higher negative provision for credit losses in the current quarter and an increase in net interest income. The net interest margin increased seven basis points, from 1.92% for the prior year quarter to 1.99% for the current quarter. The increase in net interest income and net interest margin was due mainly to a reduction in the cost of retail certificates of deposit and borrowings, which outpaced the decrease in asset yields.Interest and Dividend IncomeThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & & & \\ \hline Loans receivable & $ & 55,788 & & $ & 60,694 & & $ & (4,906 & ) & & (8.1 & ) % \\ \hline MBS & & 4,625 & & & 5,710 & & & (1,085 & ) & & (19.0 & ) \\ \hline FHLB Stock & & 1,231 & & & 1,069 & & & 162 & & & 15.2 & \\ \hline Investment securities & & 808 & & & 683 & & & 125 & & & 18.3 & \\ \hline Cash and cash equivalents & & 14 & & & 51 & & & (37 & ) & & (72.5 & ) \\ \hline Total interest and dividend income & $ & 62,466 & & $ & 68,207 & & $ & (5,741 & ) & & (8.4 & ) \\ \hline \end{table} The decrease in interest income on loans receivable was due mainly to a decrease in the weighted average rate, primarily in the one- to four-family originated loan portfolio. The premium amortization related to the one- to four-family correspondent loan portfolio decreased significantly compared to the prior year quarter due to the slow-down in prepayments and endorsements; however, the decrease in the weighted average loan portfolio rate more than offset the reduction in premium amortization. The decrease in the weighted average rate for the one- to four-family originated and correspondent loan portfolios was due to endorsements and refinances to lower market rates and the origination and purchase of new loans at lower market rates.The decrease in interest income on the MBS portfolio was due to a decrease in the weighted average yield as a result of higher premium amortization related to prepayment activity, along with purchases at lower market yields, partially offset by an increase in the average balance of the portfolio.Interest ExpenseThe following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST EXPENSE: & & & & & & & \\ \hline Deposits & $ & 9,267 & & $ & 14,067 & & $ & (4,800 & ) & & (34.1 & ) % \\ \hline Borrowings & & 7,585 & & & 10,327 & & & (2,742 & ) & & (26.6 & ) \\ \hline Total interest expense & $ & 16,852 & & $ & 24,394 & & $ & (7,542 & ) & & (30.9 & ) \\ \hline \end{table} The decrease in interest expense on deposits was due mainly to a decrease in the weighted average rate paid on retail certificates of deposit, money market accounts, and wholesale certificates of deposit. Retail certificates of deposit continue to reprice downward as they renew or are replaced at lower offered rates, and rates on money market accounts were also lowered between periods.The decrease in interest expense on borrowings was due primarily to lowering the cost of FHLB advances by terminating or not renewing certain interest rate swap agreements, not replacing certain maturing FHLB advances, and prepaying certain advances during fiscal year 2021. Cash flows from the deposit portfolio were used to pay down certain FHLB advances.Provision for Credit LossesThe Bank recorded a negative provision for credit losses during the current quarter of $3.4 million, compared to a negative provision for credit losses of $1.5 million during the prior year quarter. See additional information regarding the current quarter negative provision for credit losses in the "Comparison of Operating Results for the Three Months Ended December 31, 2021 and September 30, 2021" section above. See additional discussion regarding the Bank's ACL and reserve for off-balance sheet credit exposures at December 31, 2021 in the "Asset Quality" section below.Non-Interest IncomeThe following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST INCOME: & & & & & & & \\ \hline Deposit service fees & $ & 3,430 & & $ & 2,947 & & $ & 483 & & & 16.4 & % \\ \hline Insurance commissions & & 711 & & & 638 & & & 73 & & & 11.4 & \\ \hline Other non-interest income & & 1,365 & & & 1,485 & & & (120 & ) & & (8.1 & ) \\ \hline Total non-interest income & $ & 5,506 & & $ & 5,070 & & $ & 436 & & & 8.6 & \\ \hline \end{table} The increase in deposit service fees was due primarily to an increase in debit card income as a result of higher transaction volume, along with an increase in the amount per transaction. The decrease in other non-interest income was primarily related to lower income from bank-owned life insurance, due to receiving death benefits during the prior year quarter, compared to none during the current quarter.Non-Interest ExpenseThe following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST EXPENSE: & & & & & & & \\ \hline Salaries and employee benefits & $ & 13,728 & & $ & 14,138 & & $ & (410 & ) & & (2.9 & ) % \\ \hline Information technology and related expense & & 4,432 & & & 4,233 & & & 199 & & & 4.7 & \\ \hline Occupancy, net & & 3,379 & & & 3,379 & & & — & & & — & \\ \hline Regulatory and outside services & & 1,368 & & & 1,585 & & & (217 & ) & & (13.7 & ) \\ \hline Advertising and promotional & & 1,064 & & & 838 & & & 226 & & & 27.0 & \\ \hline Deposit and loan transaction costs & & 697 & & & 766 & & & (69 & ) & & (9.0 & ) \\ \hline Federal insurance premium & & 639 & & & 621 & & & 18 & & & 2.9 & \\ \hline Office supplies and related expense & & 468 & & & 424 & & & 44 & & & 10.4 & \\ \hline Other non-interest expense & & 919 & & & 1,083 & & & (164 & ) & & (15.1 & ) \\ \hline Total non-interest expense & $ & 26,694 & & $ & 27,067 & & $ & (373 & ) & & (1.4 & ) \\ \hline \end{table} The decrease in salaries and employee benefits was due primarily to a decrease in loan commissions related to lower loan origination activity in the current quarter. The increase in advertising and promotional expense was due mainly to adjustments to advertising schedules during the prior year related to the Coronavirus Disease 2019 ("COVID-19") pandemic.The Company's efficiency ratio was 52.22% for the current year period compared to 55.37% for the prior year period. The improvement in the efficiency ratio was due primarily to higher net interest income, as well as lower non-interest expense and higher non-interest income.Income Tax ExpenseThe following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & & 2021 & & & & 2020 & & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline & & & & & & & \\ \hline Income before income tax expense & $ & 27,865 & & & $ & 23,348 & & & $ & 4,517 & & 19.3 & % \\ \hline Income tax expense & & 5,679 & & & & 4,450 & & & & 1,229 & & 27.6 & \\ \hline Net income & $ & 22,186 & & & $ & 18,898 & & & $ & 3,288 & & 17.4 & \\ \hline & & & & & & & \\ \hline Effective Tax Rate & & 20.4 & % & & & 19.1 & % & & & & \\ \hline \end{table} The increase in income tax expense was due primarily to higher pretax income in the current year, as well as a higher effective tax rate compared to the prior year. The higher effective tax rate in the current quarter compared to the prior year quarter was due primarily to a lower amount of favorable provision to return adjustments compared to the prior year quarter. Management anticipates the effective income tax rate for fiscal year 2022 will be approximately 21%. **Financial Condition as of December 31, 2021**The following table summarizes the Company's financial condition at the dates indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & Annualized \\ \hline & December 31, & & September 30, & & Percent \\ \hline & & 2021 & & & & 2021 & & & Change \\ \hline & (Dollars in thousands) \\ \hline Total assets & $ & 9,609,157 & & & $ & 9,631,246 & & & (0.9 & ) % \\ \hline Available-for-sale ("AFS") securities & & 1,890,653 & & & & 2,014,608 & & & (24.6 & ) \\ \hline Loans receivable, net & & 7,095,605 & & & & 7,081,142 & & & 0.8 & \\ \hline Deposits & & 6,648,004 & & & & 6,597,396 & & & 3.1 & \\ \hline Borrowings & & 1,583,303 & & & & 1,582,850 & & & 0.1 & \\ \hline Stockholders' equity & & 1,216,660 & & & & 1,242,273 & & & (8.2 & ) \\ \hline Equity to total assets at end of period & & 12.7 & % & & & 12.9 & % & & \\ \hline Average number of basic shares outstanding & & 135,627 & & & & 135,571 & & & 0.2 & \\ \hline Average number of diluted shares outstanding & & 135,627 & & & & 135,571 & & & 0.2 & \\ \hline \end{table} The decrease in total assets was due primarily to a decrease in securities, partially offset by an increase in cash and cash equivalents. The increase in deposits was due primarily to an increase in non-maturity deposits, partially offset by a decrease in the certificate of deposit portfolio, as customers moved some of their funds from maturing certificates to more liquid investment options, such as the Bank's money market accounts.The following table summarizes loan originations and purchases and borrowing activity, along with the related weighted average rates, during the periods indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Amount & & Rate & & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Loan originations and purchases & & & & & & & \\ \hline One- to four-family and consumer: & & & & & & & \\ \hline Originated & $ & 209,440 & & & 2.88 & % & & $ & 237,358 & & & 2.86 & % \\ \hline Purchased & & 130,553 & & & 2.65 & & & & 184,562 & & & 2.68 & \\ \hline & & & & & & & \\ \hline Commercial: & & & & & & & \\ \hline Originated & & 49,245 & & & 3.80 & & & & 43,021 & & & 4.08 & \\ \hline Purchased & & 36,663 & & & 3.35 & & & & 19,600 & & & 4.06 & \\ \hline & $ & 425,901 & & & 2.96 & & & $ & 484,541 & & & 2.95 & \\ \hline Borrowing activity & & & & & & & \\ \hline Maturities and prepayments & $ & (100,000 & ) & & 3.14 & & & $ & (340,000 & ) & & 2.73 & \\ \hline New borrowings & & 100,000 & & & 3.44 & & & & 340,000 & & & 2.17 & \\ \hline \end{table} Stockholders' EquityDuring the current quarter, the Company paid cash dividends totaling $41.4 million. These cash dividends totaled $0.305 per share and consisted of a $0.22 per share cash true-up dividend related to fiscal year 2021 earnings and a regular quarterly cash dividend of $0.085 per share. On January 25, 2022, the Company announced a regular quarterly cash dividend of $0.085 per share, or approximately $11.5 million, payable on February 18, 2022 to stockholders of record as of the close of business on February 4, 2022. In the long run, management considers the Bank's equity to total assets ratio of at least 9% an appropriate level of capital. At December 31, 2021, this ratio was 11.5%.At December 31, 2021, Capitol Federal Financial, Inc., at the holding company level, had $70.8 million in cash on deposit at the Bank. For fiscal year 2022, it is the intention of the Board of Directors to continue the payout of 100% of the Company's earnings to the Company's stockholders. Dividend payments depend upon a number of factors, including the Company's financial condition and results of operations, regulatory capital requirements, regulatory limitations on the Bank's ability to make capital distributions to the Company, and the amount of cash at the holding company level.There remains $44.7 million authorized under the existing stock repurchase plan for additional purchases of the Company's common stock. Shares may be repurchased from time to time based upon market conditions, available liquidity and other factors. This plan has no expiration date; however, the Federal Reserve Bank's existing approval for the Company to repurchase shares expires in August 2022.The following table presents a reconciliation of total to net shares outstanding as of December 31, 2021. \begin{table}{|c|c|c|} \hline Total shares outstanding & 138,842,784 & \\ \hline Less unallocated Employee Stock Ownership Plan ("ESOP") shares and unvested restricted stock & (3,169,063 & ) \\ \hline Net shares outstanding & 135,673,721 & \\ \hline \end{table} Consistent with our goal to operate a sound and profitable financial organization, we actively seek to maintain a well-capitalized status for the Bank in accordance with regulatory standards. In April 2020, the federal bank regulatory agencies announced the issuance of two interim final rules, effective immediately, to provide temporary relief to community banking organizations. Under the interim final rules, the community bank leverage ratio ("CBLR") requirement is a minimum of 8.5% for calendar year 2021 and 9% thereafter. As of December 31, 2021, the Bank's CBLR was 11.6%, which exceeded the minimum requirement.Capitol Federal Financial, Inc. is the holding company for the Bank. The Bank has 54 branch locations in Kansas and Missouri, and is one of the largest residential lenders in the State of Kansas. News and other information about the Company can be found at the Bank's website, [http://www.capfed.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.capfed.com&esheet=52570186&newsitemid=20220128005032&lan=en-US&anchor=http%3A%2F%2Fwww.capfed.com&index=2&md5=122f59eeca0a6f6ec0176cb99de546a9).Except for the historical information contained in this press release, the matters discussed herein may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including: potential adverse impacts of the ongoing COVID-19 pandemic and any governmental or societal responses thereto on economic conditions in the Company's local market areas and other market areas where the Bank has lending relationships, on other aspects of the Company's business operations and on financial markets; changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities; other governmental initiatives affecting the financial services industry; changes in accounting principles, policies or guidelines; fluctuations in interest rates; demand for loans in the Company's and its correspondent banks' market areas; the future earnings and capital levels of the Bank, which could affect the ability of the Company to pay dividends in accordance with its dividend policies; competition; and other risks detailed from time to time in documents filed or furnished by the Company with the SEC. Actual results may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. **SUPPLEMENTAL FINANCIAL INFORMATION** \begin{table}{|c|c|c|c|c|c|c|c|} \hline CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY \\ \hline CONSOLIDATED BALANCE SHEETS (Unaudited) \\ \hline (Dollars in thousands, except per share amounts) \\ \hline & & & \\ \hline & December 31, & & September 30, \\ \hline & & 2021 & & & & 2021 & \\ \hline ASSETS: & & & \\ \hline Cash and cash equivalents (includes interest-earning deposits of $106,225 and $24,289) & $ & 135,475 & & & $ & 42,262 & \\ \hline AFS securities, at estimated fair value (amortized cost of $1,899,027 and $2,008,456) & & 1,890,653 & & & & 2,014,608 & \\ \hline Loans receivable, net (ACL of $17,535 and $19,823) & & 7,095,605 & & & & 7,081,142 & \\ \hline FHLB stock, at cost & & 75,261 & & & & 73,421 & \\ \hline Premises and equipment, net & & 97,718 & & & & 99,127 & \\ \hline Other assets & & 314,445 & & & & 320,686 & \\ \hline TOTAL ASSETS & $ & 9,609,157 & & & $ & 9,631,246 & \\ \hline & & & \\ \hline LIABILITIES: & & & \\ \hline Deposits & $ & 6,648,004 & & & $ & 6,597,396 & \\ \hline Borrowings & & 1,583,303 & & & & 1,582,850 & \\ \hline Advance payments by borrowers for taxes and insurance & & 38,227 & & & & 72,729 & \\ \hline Income taxes payable, net & & 3,733 & & & & 918 & \\ \hline Deferred income tax liabilities, net & & 3,981 & & & & 5,810 & \\ \hline Other liabilities & & 115,249 & & & & 129,270 & \\ \hline Total liabilities & & 8,392,497 & & & & 8,388,973 & \\ \hline & & & \\ \hline STOCKHOLDERS' EQUITY: & & & \\ \hline Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding & & — & & & & — & \\ \hline Common stock, $0.01 par value; 1,400,000,000 shares authorized, 138,842,784 and 138,832,284 shares issued and outstanding as of December 31, 2021 and September 30, 2021, respectively & & 1,388 & & & & 1,388 & \\ \hline Additional paid-in capital & & 1,189,827 & & & & 1,189,633 & \\ \hline Unearned compensation, ESOP & & (30,974 & ) & & & (31,387 & ) \\ \hline Retained earnings & & 79,745 & & & & 98,944 & \\ \hline Accumulated other comprehensive (loss) income, net of tax & & (23,326 & ) & & & (16,305 & ) \\ \hline Total stockholders' equity & & 1,216,660 & & & & 1,242,273 & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & $ & 9,609,157 & & & $ & 9,631,246 & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY \\ \hline CONSOLIDATED STATEMENTS OF INCOME (Unaudited) \\ \hline (Dollars in thousands) \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & & & 2021 & & & & 2020 & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & \\ \hline Loans receivable & $ & 55,788 & & & $ & 57,139 & & & $ & 60,694 & \\ \hline MBS & & 4,625 & & & & 4,900 & & & & 5,710 & \\ \hline FHLB stock & & 1,231 & & & & 952 & & & & 1,069 & \\ \hline Investment securities & & 808 & & & & 750 & & & & 683 & \\ \hline Cash and cash equivalents & & 14 & & & & 27 & & & & 51 & \\ \hline Total interest and dividend income & & 62,466 & & & & 63,768 & & & & 68,207 & \\ \hline & & & & & \\ \hline INTEREST EXPENSE: & & & & & \\ \hline Deposits & & 9,267 & & & & 10,335 & & & & 14,067 & \\ \hline Borrowings & & 7,585 & & & & 7,889 & & & & 10,327 & \\ \hline Total interest expense & & 16,852 & & & & 18,224 & & & & 24,394 & \\ \hline & & & & & \\ \hline NET INTEREST INCOME & & 45,614 & & & & 45,544 & & & & 43,813 & \\ \hline & & & & & \\ \hline PROVISION FOR CREDIT LOSSES & & (3,439 & ) & & & (1,323 & ) & & & (1,532 & ) \\ \hline NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES & & 49,053 & & & & 46,867 & & & & 45,345 & \\ \hline & & & & & \\ \hline NON-INTEREST INCOME: & & & & & \\ \hline Deposit service fees & & 3,430 & & & & 3,294 & & & & 2,947 & \\ \hline Insurance commissions & & 711 & & & & 781 & & & & 638 & \\ \hline Other non-interest income & & 1,365 & & & & 1,228 & & & & 1,485 & \\ \hline Total non-interest income & & 5,506 & & & & 5,303 & & & & 5,070 & \\ \hline & & & & & \\ \hline NON-INTEREST EXPENSE: & & & & & \\ \hline Salaries and employee benefits & & 13,728 & & & & 14,600 & & & & 14,138 & \\ \hline Information technology and related expense & & 4,432 & & & & 4,354 & & & & 4,233 & \\ \hline Occupancy, net & & 3,379 & & & & 3,639 & & & & 3,379 & \\ \hline Regulatory and outside services & & 1,368 & & & & 1,476 & & & & 1,585 & \\ \hline Advertising and promotional & & 1,064 & & & & 1,404 & & & & 838 & \\ \hline Deposit and loan transaction costs & & 697 & & & & 638 & & & & 766 & \\ \hline Federal insurance premium & & 639 & & & & 657 & & & & 621 & \\ \hline Office supplies and related expense & & 468 & & & & 426 & & & & 424 & \\ \hline Other non-interest expense & & 919 & & & & 1,053 & & & & 1,083 & \\ \hline Total non-interest expense & & 26,694 & & & & 28,247 & & & & 27,067 & \\ \hline INCOME BEFORE INCOME TAX EXPENSE & & 27,865 & & & & 23,923 & & & & 23,348 & \\ \hline INCOME TAX EXPENSE & & 5,679 & & & & 5,370 & & & & 4,450 & \\ \hline NET INCOME & $ & 22,186 & & & $ & 18,553 & & & $ & 18,898 & \\ \hline \end{table} **Average Balance Sheets** The following tables present the average balances of our assets, liabilities, and stockholders' equity, and the related annualized weighted average yields and rates on our interest-earning assets and interest-bearing liabilities for the periods indicated, as well as selected performance ratios and other information for the periods shown. Weighted average yields are derived by dividing annualized income by the average balance of the related assets, and weighted average rates are derived by dividing annualized expense by the average balance of the related liabilities, for the periods shown. Average outstanding balances are derived from average daily balances. The weighted average yields and rates include amortization of fees, costs, premiums and discounts, which are considered adjustments to yields/rates. Weighted average yields on tax-exempt securities are not calculated on a fully taxable equivalent basis. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & Average & & Interest & & & & Average & & Interest & & & & Average & & Interest & & \\ \hline & Outstanding & & Earned/ & & Yield/ & & Outstanding & & Earned/ & & Yield/ & & Outstanding & & Earned/ & & Yield/ \\ \hline & Amount & & Paid & & Rate & & Amount & & Paid & & Rate & & Amount & & Paid & & Rate \\ \hline Assets: & (Dollars in thousands) \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline One- to four-family loans: & & & & & & & & & & & & & & & & & \\ \hline Originated & $ & 3,971,049 & & $ & 32,422 & & 3.27 & % & & $ & 3,974,876 & & $ & 32,979 & & 3.32 & % & & $ & 3,949,489 & & $ & 35,961 & & 3.64 & % \\ \hline Correspondent purchased & & 2,035,631 & & & 12,746 & & 2.50 & & & & 2,024,372 & & & 12,942 & & 2.56 & & & & 2,064,912 & & & 12,932 & & 2.50 & \\ \hline Bulk purchased & & 170,537 & & & 610 & & 1.43 & & & & 177,233 & & & 730 & & 1.65 & & & & 205,803 & & & 1,112 & & 2.16 & \\ \hline Total one- to four-family loans & & 6,177,217 & & & 45,778 & & 2.96 & & & & 6,176,481 & & & 46,651 & & 3.02 & & & & 6,220,204 & & & 50,005 & & 3.22 & \\ \hline Commercial loans & & 841,217 & & & 8,943 & & 4.16 & & & & 811,731 & & & 9,378 & & 4.52 & & & & 770,096 & & & 9,404 & & 4.78 & \\ \hline Consumer loans & & 92,794 & & & 1,067 & & 4.56 & & & & 95,449 & & & 1,110 & & 4.61 & & & & 110,048 & & & 1,285 & & 4.65 & \\ \hline Total loans receivable(1) & & 7,111,228 & & & 55,788 & & 3.13 & & & & 7,083,661 & & & 57,139 & & 3.21 & & & & 7,100,348 & & & 60,694 & & 3.41 & \\ \hline MBS(2) & & 1,435,562 & & & 4,625 & & 1.29 & & & & 1,510,421 & & & 4,900 & & 1.30 & & & & 1,302,074 & & & 5,710 & & 1.75 & \\ \hline Investment securities(2)(3) & & 523,931 & & & 808 & & 0.62 & & & & 500,104 & & & 750 & & 0.60 & & & & 431,493 & & & 683 & & 0.63 & \\ \hline FHLB stock & & 73,481 & & & 1,231 & & 6.64 & & & & 72,699 & & & 952 & & 5.19 & & & & 85,187 & & & 1,069 & & 4.99 & \\ \hline Cash and cash equivalents & & 37,221 & & & 14 & & 0.15 & & & & 69,501 & & & 27 & & 0.15 & & & & 201,468 & & & 51 & & 0.10 & \\ \hline Total interest-earning assets & & 9,181,423 & & & 62,466 & & 2.71 & & & & 9,236,386 & & & 63,768 & & 2.75 & & & & 9,120,570 & & & 68,207 & & 2.98 & \\ \hline Other non-interest-earning assets & & 412,115 & & & & & & & 445,371 & & & & & & & 453,422 & & & & \\ \hline Total assets & $ & 9,593,538 & & & & & & $ & 9,681,757 & & & & & & $ & 9,573,992 & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Liabilities and stockholders' equity: & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & \\ \hline Checking & $ & 1,052,413 & & & 179 & & 0.07 & & & $ & 1,023,926 & & & 183 & & 0.07 & & & $ & 900,674 & & & 223 & & 0.10 & \\ \hline Savings & & 520,770 & & & 70 & & 0.05 & & & & 514,253 & & & 71 & & 0.05 & & & & 442,906 & & & 68 & & 0.06 & \\ \hline Money market & & 1,767,134 & & & 825 & & 0.19 & & & & 1,729,080 & & & 907 & & 0.21 & & & & 1,474,720 & & & 1,184 & & 0.32 & \\ \hline Retail certificates & & 2,298,678 & & & 7,835 & & 1.35 & & & & 2,374,089 & & & 8,651 & & 1.45 & & & & 2,591,007 & & & 11,794 & & 1.81 & \\ \hline Commercial certificates & & 169,200 & & & 272 & & 0.64 & & & & 204,262 & & & 352 & & 0.68 & & & & 154,829 & & & 384 & & 0.99 & \\ \hline Wholesale certificates & & 199,692 & & & 86 & & 0.17 & & & & 246,739 & & & 171 & & 0.27 & & & & 251,634 & & & 414 & & 0.66 & \\ \hline Total deposits & & 6,007,887 & & & 9,267 & & 0.61 & & & & 6,092,349 & & & 10,335 & & 0.67 & & & & 5,815,770 & & & 14,067 & & 0.96 & \\ \hline Borrowings(4) & & 1,589,258 & & & 7,585 & & 1.88 & & & & 1,582,554 & & & 7,889 & & 1.97 & & & & 1,775,380 & & & 10,327 & & 2.30 & \\ \hline Total interest-bearing liabilities & & 7,597,145 & & & 16,852 & & 0.88 & & & & 7,674,903 & & & 18,224 & & 0.94 & & & & 7,591,150 & & & 24,394 & & 1.28 & \\ \hline Non-interest-bearing deposits & & 550,492 & & & & & & & 539,575 & & & & & & & 460,190 & & & & \\ \hline Other non-interest-bearing liabilities & & 209,890 & & & & & & & 220,294 & & & & & & & 240,476 & & & & \\ \hline Stockholders' equity & & 1,236,011 & & & & & & & 1,246,985 & & & & & & & 1,282,176 & & & & \\ \hline Total liabilities and stockholders' equity & $ & 9,593,538 & & & & & & $ & 9,681,757 & & & & & & $ & 9,573,992 & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income(5) & & & $ & 45,614 & & & & & & $ & 45,544 & & & & & & $ & 43,813 & & \\ \hline Net interest-earning assets & $ & 1,584,278 & & & & & & $ & 1,561,483 & & & & & & $ & 1,529,420 & & & & \\ \hline Net interest margin(6) & & & & & 1.99 & & & & & & & 1.97 & & & & & & & 1.92 & \\ \hline Ratio of interest-earning assets to interest-bearing liabilities & & 1.21x & & & & & & 1.20x & & & & & & 1.20x \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Selected performance ratios: & & & & & & & & & & & & & & & & & \\ \hline Return on average assets (annualized) & & & & 0.93 & % & & & & & & 0.77 & % & & & & & & 0.79 & % \\ \hline Return on average equity (annualized) & & & & 7.18 & & & & & & & 5.95 & & & & & & & 5.90 & \\ \hline Average equity to average assets & & & & & 12.88 & & & & & & & 12.88 & & & & & & & 13.39 & \\ \hline Operating expense ratio(7) & & & & & 1.11 & & & & & & & 1.17 & & & & & & & 1.13 & \\ \hline Efficiency ratio(8) & & & & & 52.22 & & & & & & & 55.55 & & & & & & & 55.37 & \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Balances are adjusted for unearned loan fees and deferred costs. Loans that are 90 or more days delinquent are included in the loans receivable average balance with a yield of zero percent. \\ \hline (2) & & AFS securities are adjusted for unamortized purchase premiums or discounts. \\ \hline (3) & & The average balance of investment securities includes an average balance of nontaxable securities of $4.0 million, $4.9 million, and $9.1 million for the quarters ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (4) & & The FHLB advance amounts and rates included in this line include the effect of interest rate swaps and are net of deferred prepayment penalties. \\ \hline (5) & & Net interest income represents the difference between interest income earned on interest-earning assets and interest paid on interest-bearing liabilities. Net interest income depends on the average balance of interest-earning assets and interest-bearing liabilities, and the interest rates earned or paid on them. \\ \hline (6) & & Net interest margin represents annualized net interest income as a percentage of average interest-earning assets. \\ \hline (7) & & The operating expense ratio represents annualized non-interest expense as a percentage of average assets. \\ \hline (8) & & The efficiency ratio represents non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. \\ \hline & & \\ \hline \end{table} **Loan Portfolio** The following table presents information related to the composition of our loan portfolio in terms of dollar amounts, weighted average rates, and percentages as of the dates indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & & & & % of & & & & & & % of & & & & & & % of \\ \hline & Amount & & Rate & & Total & & Amount & & Rate & & Total & & Amount & & Rate & & Total \\ \hline & (Dollars in thousands) \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & \\ \hline Originated & $ & 3,941,568 & & & 3.15 & % & & 55.5 & % & & $ & 3,956,064 & & & 3.18 & % & & 55.8 & % & & $ & 3,946,073 & & & 3.39 & % & & 56.2 & % \\ \hline Correspondent purchased & & 1,991,944 & & & 2.97 & & & 28.0 & & & & 2,003,477 & & & 3.02 & & & 28.2 & & & & 1,974,086 & & & 3.40 & & & 28.1 & \\ \hline Bulk purchased & & 165,339 & & & 1.52 & & & 2.3 & & & & 173,662 & & & 1.65 & & & 2.4 & & & & 199,673 & & & 2.24 & & & 2.8 & \\ \hline Construction & & 47,508 & & & 2.76 & & & 0.7 & & & & 39,142 & & & 2.82 & & & 0.6 & & & & 32,871 & & & 3.22 & & & 0.5 & \\ \hline Total & & 6,146,359 & & & 3.05 & & & 86.5 & & & & 6,172,345 & & & 3.09 & & & 87.0 & & & & 6,152,703 & & & 3.36 & & & 87.6 & \\ \hline Commercial: & & & & & & & & & & & & & & & & & \\ \hline Commercial real estate & & 687,518 & & & 3.98 & & & 9.6 & & & & 676,908 & & & 4.00 & & & 9.6 & & & & 609,936 & & & 4.23 & & & 8.7 & \\ \hline Commercial and industrial & & 76,254 & & & 3.85 & & & 1.1 & & & & 66,497 & & & 3.83 & & & 0.9 & & & & 69,378 & & & 3.41 & & & 1.0 & \\ \hline Construction & & 105,702 & & & 4.04 & & & 1.5 & & & & 85,963 & & & 4.03 & & & 1.2 & & & & 84,564 & & & 3.89 & & & 1.2 & \\ \hline Total & & 869,474 & & & 3.98 & & & 12.2 & & & & 829,368 & & & 3.99 & & & 11.7 & & & & 763,878 & & & 4.12 & & & 10.9 & \\ \hline Consumer loans: & & & & & & & & & & & & & & & & & \\ \hline Home equity & & 84,400 & & & 4.59 & & & 1.2 & & & & 86,274 & & & 4.60 & & & 1.2 & & & & 97,717 & & & 4.64 & & & 1.4 & \\ \hline Other & & 7,825 & & & 4.13 & & & 0.1 & & & & 8,086 & & & 4.19 & & & 0.1 & & & & 9,328 & & & 4.40 & & & 0.1 & \\ \hline Total & & 92,225 & & & 4.55 & & & 1.3 & & & & 94,360 & & & 4.57 & & & 1.3 & & & & 107,045 & & & 4.62 & & & 1.5 & \\ \hline Total loans receivable & & 7,108,058 & & & 3.18 & & & 100.0 & % & & & 7,096,073 & & & 3.21 & & & 100.0 & % & & & 7,023,626 & & & 3.46 & & & 100.0 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Less: & & & & & & & & & & & & & & & & & \\ \hline ACL & & 17,535 & & & & & & & & 19,823 & & & & & & & & 26,125 & & & & & \\ \hline Discounts/unearned loan fees & & 29,363 & & & & & & & & 29,556 & & & & & & & & 28,825 & & & & & \\ \hline Premiums/deferred costs & & (34,445 & ) & & & & & & & (34,448 & ) & & & & & & & (35,418 & ) & & & & \\ \hline Total loans receivable, net & $ & 7,095,605 & & & & & & & $ & 7,081,142 & & & & & & & $ & 7,004,094 & & & & & \\ \hline \end{table} Loan Activity: The following table summarizes activity in the loan portfolio, along with weighted average rates where applicable, for the periods indicated, excluding changes in ACL, discounts/unearned loan fees, and premiums/deferred costs. Loans that were paid off as a result of refinances are included in repayments. Loan endorsements are not included in the activity in the following table because a new loan is not generated at the time of the endorsement. The endorsed balance and rate are included in the ending loan portfolio balance and rate. Commercial loan renewals are not included in the activity in the following table unless new funds are disbursed at the time of renewal. The renewal balance and rate are included in the ending loan portfolio balance and rate. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Amount & & Rate & & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Beginning balance & $ & 7,096,073 & & & 3.21 & % & & $ & 7,051,625 & & & 3.26 & % \\ \hline Originated and refinanced & & 258,685 & & & 3.05 & & & & 280,379 & & & 3.05 & \\ \hline Purchased and participations & & 167,216 & & & 2.80 & & & & 204,162 & & & 2.81 & \\ \hline Change in undisbursed loan funds & & (21,926 & ) & & & & & (6,656 & ) & & \\ \hline Repayments & & (391,779 & ) & & & & & (433,374 & ) & & \\ \hline Principal recoveries/(charge-offs), net & & 31 & & & & & & 4 & & & \\ \hline Other & & (242 & ) & & & & & (67 & ) & & \\ \hline Ending balance & $ & 7,108,058 & & & 3.18 & & & $ & 7,096,073 & & & 3.21 & \\ \hline \end{table} One- to Four-Family Loans: The following table presents, for our portfolio of one- to four-family loans, the amount, percent of total, weighted average credit score, weighted average loan-to-value ("LTV") ratio, and average balance per loan as of December 31, 2021. Credit scores were updated in September 2021 from a nationally recognized consumer rating agency. The LTV ratios were based on the current loan balance and either the lesser of the purchase price or original appraisal, or the most recent Bank appraisal, if available. In most cases, the most recent appraisal was obtained at the time of origination. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & % of & & Credit & & \\ \hline & Amount & & Rate & & Total & & Score & & LTV \\ \hline & (Dollars in thousands) \\ \hline Originated & $ & 3,941,568 & & 3.15 & % & & 64.6 & % & & 771 & & 61 & % \\ \hline Correspondent purchased & & 1,991,944 & & 2.97 & & & 32.7 & & & 766 & & 64 & \\ \hline Bulk purchased & & 165,339 & & 1.52 & & & 2.7 & & & 771 & & 58 & \\ \hline & $ & 6,098,851 & & 3.05 & & & 100.0 & % & & 769 & & 62 & \\ \hline \end{table} The following table presents originated and correspondent purchased activity in our one- to four-family loan portfolio, excluding endorsement activity, along with associated weighted average rates, weighted average LTVs and weighted average credit scores for the three months ended December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & Credit \\ \hline & Amount & & Rate & & LTV & & Score \\ \hline & (Dollars in thousands) \\ \hline Originated & $ & 194,107 & & 2.75 & % & & 70 & % & & 764 \\ \hline Correspondent purchased & & 130,553 & & 2.65 & & & 72 & & & 775 \\ \hline & $ & 324,660 & & 2.71 & & & 71 & & & 769 \\ \hline \end{table} The following table summarizes our one- to four-family loan origination and refinance commitments and one- to four-family correspondent loan purchase commitments as of December 31, 2021, along with associated weighted average rates. \begin{table}{|c|c|c|c|c|c|} \hline & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Originate/refinance & $ & 84,954 & & 2.85 & % \\ \hline Correspondent & & 66,225 & & 2.63 & \\ \hline & $ & 151,179 & & 2.75 & \\ \hline \end{table} Commercial Loans: During the current quarter, the Bank originated $49.2 million of commercial loans and entered into commercial loan participations totaling $36.7 million. The Bank also processed commercial loan disbursements, excluding lines of credit, of approximately $70.6 million at a weighted average rate of 3.89%.The following table presents the Bank's commercial real estate and commercial construction loans and loan commitments by type of primary collateral, as of December 31, 2021. Because the commitments to pay out undisbursed funds are not cancellable by the Bank, unless the loan is in default, we generally anticipate fully funding the related projects. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & Unpaid & & Undisbursed & & Gross Loan & & Outstanding & & & & % of \\ \hline & Count & & Principal & & Amount & & Amount & & Commitments & & Total & & Total \\ \hline & & & (Dollars in thousands) \\ \hline Senior housing & 34 & & $ & 237,020 & & & $ & 58,909 & & & $ & 295,929 & & & $ & — & & & $ & 295,929 & & & 27.6 & % \\ \hline Retail building & 140 & & & 170,725 & & & & 44,868 & & & & 215,593 & & & & 4,750 & & & & 220,343 & & & 20.5 & \\ \hline Hotel & 11 & & & 136,717 & & & & 51,755 & & & & 188,472 & & & & 6,300 & & & & 194,772 & & & 18.2 & \\ \hline Office building & 93 & & & 49,717 & & & & 60,134 & & & & 109,851 & & & & 1,420 & & & & 111,271 & & & 10.4 & \\ \hline Multi-family & 37 & & & 55,681 & & & & 10,158 & & & & 65,839 & & & & 6,503 & & & & 72,342 & & & 6.7 & \\ \hline One- to four-family property & 397 & & & 61,599 & & & & 7,693 & & & & 69,292 & & & & 1,716 & & & & 71,008 & & & 6.6 & \\ \hline Single use building & 26 & & & 47,639 & & & & 4,832 & & & & 52,471 & & & & 15,750 & & & & 68,221 & & & 6.4 & \\ \hline Other & 101 & & & 34,122 & & & & 3,765 & & & & 37,887 & & & & 230 & & & & 38,117 & & & 3.6 & \\ \hline & 839 & & $ & 793,220 & & & $ & 242,114 & & & $ & 1,035,334 & & & $ & 36,669 & & & $ & 1,072,003 & & & 100.0 & % \\ \hline Weighted average rate & & & & 3.99 & % & & & 3.92 & % & & & 3.97 & % & & & 4.18 & % & & & 3.98 & % & & \\ \hline \end{table} The following table summarizes the Bank's commercial real estate and commercial construction loans and loan commitments by state as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & Unpaid & & Undisbursed & & Gross Loan & & Outstanding & & & & % of \\ \hline & Count & & Principal & & Amount & & Amount & & Commitments & & Total & & Total \\ \hline & & & (Dollars in thousands) \\ \hline Kansas & 639 & & $ & 335,579 & & $ & 50,753 & & $ & 386,332 & & $ & 9,996 & & $ & 396,328 & & 37.0 & % \\ \hline Texas & 12 & & & 138,982 & & & 130,790 & & & 269,772 & & & 3,350 & & & 273,122 & & 25.5 & \\ \hline Missouri & 163 & & & 221,409 & & & 18,534 & & & 239,943 & & & 21,823 & & & 261,766 & & 24.4 & \\ \hline Colorado & 6 & & & 17,438 & & & 18,114 & & & 35,552 & & & — & & & 35,552 & & 3.3 & \\ \hline Arkansas & 3 & & & 15,414 & & & 18,262 & & & 33,676 & & & — & & & 33,676 & & 3.1 & \\ \hline Nebraska & 6 & & & 33,366 & & & 4 & & & 33,370 & & & — & & & 33,370 & & 3.1 & \\ \hline Other & 10 & & & 31,032 & & & 5,657 & & & 36,689 & & & 1,500 & & & 38,189 & & 3.6 & \\ \hline & 839 & & $ & 793,220 & & $ & 242,114 & & $ & 1,035,334 & & $ & 36,669 & & $ & 1,072,003 & & 100.0 & % \\ \hline \end{table} The following table presents the Bank's commercial loan portfolio and outstanding loan commitments, categorized by gross loan amount (unpaid principal plus undisbursed amounts) or outstanding loan commitment amount, as of December 31, 2021. \begin{table}{|c|c|c|c|c|} \hline & Count & & Amount \\ \hline & (Dollars in thousands) \\ \hline Greater than $30 million & 4 & & $ & 178,756 \\ \hline >$15 to $30 million & 16 & & & 361,649 \\ \hline >$10 to $15 million & 7 & & & 84,921 \\ \hline >$5 to $10 million & 17 & & & 107,297 \\ \hline $1 to $5 million & 113 & & & 255,218 \\ \hline Less than $1 million & 1,270 & & & 190,396 \\ \hline & 1,427 & & $ & 1,178,237 \\ \hline \end{table} As of December 31, 2021 and September 30, 2021, there were commercial loans with an aggregate gross balance, including undisbursed amounts, of $143.5 million and $146.4 million, respectively, with modifications under the Bank's program to support and provide relief to borrowers during the COVID-19 pandemic ("COVID-19 loan modifications") that were still in their deferral period. **Asset Quality** The following tables present loans 30 to 89 days delinquent, non-performing loans, and other real estate owned ("OREO") as of the dates indicated. Loans subject to payment forbearance under the Bank's COVID-19 loan modification program are not reported as delinquent during the forbearance time period. Of the loans 30 to 89 days delinquent at December 31, 2021, approximately 73% were 59 days or less delinquent. Nonaccrual loans are loans that are 90 or more days delinquent or in foreclosure and other loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies, even if the loans are current. Non-performing assets include nonaccrual loans and OREO. Of the one- to four-family COVID-19 loan modifications that had completed the deferral period by December 31, 2021, $5.7 million were 30 to 89 days delinquent and $2.3 million were 90 or more days delinquent as of December 31, 2021. In late March 2020, the Bank suspended the initiation of foreclosure proceedings for owner-occupied one- to four-family loans. At December 31, 2021, there were $5.5 million of non-performing one- to four-family loans for which foreclosure proceedings either had been initiated prior to the foreclosure suspension or would have been initiated if the foreclosure suspension were not in place. The foreclosure suspension was lifted in January 2022 resulting in foreclosure proceedings continuing or starting on a portion of the $5.5 million of such loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Loans Delinquent for 30 to 89 Days at: \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount \\ \hline & (Dollars in thousands) \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 74 & & $ & 7,009 & & & 48 & & $ & 4,156 & & & 51 & & $ & 5,141 & & & 45 & & $ & 4,151 & & & 62 & & $ & 5,844 & \\ \hline Correspondent purchased & 11 & & & 5,133 & & & 7 & & & 2,590 & & & 9 & & & 3,650 & & & 9 & & & 2,910 & & & 13 & & & 4,694 & \\ \hline Bulk purchased & 1 & & & 154 & & & 4 & & & 541 & & & 6 & & & 958 & & & 5 & & & 352 & & & 9 & & & 1,750 & \\ \hline Commercial & 2 & & & 222 & & & 2 & & & 37 & & & 1 & & & 35 & & & 5 & & & 806 & & & 8 & & & 1,047 & \\ \hline Consumer & 16 & & & 164 & & & 25 & & & 498 & & & 25 & & & 354 & & & 17 & & & 287 & & & 30 & & & 515 & \\ \hline & 104 & & $ & 12,682 & & & 86 & & $ & 7,822 & & & 92 & & $ & 10,138 & & & 81 & & $ & 8,506 & & & 122 & & $ & 13,850 & \\ \hline 30 to 89 days delinquent loans & & & & & & & & & & & & & & & & & & & \\ \hline to total loans receivable, net & & & & 0.18 & % & & & & & 0.11 & % & & & & & 0.14 & % & & & & & 0.12 & % & & & & & 0.20 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Non-Performing Loans and OREO at: \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount \\ \hline & (Dollars in thousands) \\ \hline Loans 90 or More Days Delinquent or in Foreclosure: & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 48 & & $ & 3,943 & & & 50 & & $ & 3,693 & & & 53 & & $ & 3,696 & & & 55 & & $ & 4,433 & & & 51 & & $ & 4,370 & \\ \hline Correspondent purchased & 10 & & & 3,115 & & & 10 & & & 3,210 & & & 12 & & & 4,230 & & & 10 & & & 3,749 & & & 9 & & & 3,371 & \\ \hline Bulk purchased & 6 & & & 1,945 & & & 9 & & & 2,974 & & & 7 & & & 2,596 & & & 10 & & & 3,172 & & & 13 & & & 3,724 & \\ \hline Commercial & 6 & & & 1,170 & & & 6 & & & 1,214 & & & 7 & & & 1,278 & & & 6 & & & 1,068 & & & 5 & & & 820 & \\ \hline Consumer & 25 & & & 477 & & & 21 & & & 498 & & & 23 & & & 445 & & & 26 & & & 531 & & & 26 & & & 473 & \\ \hline & 95 & & & 10,650 & & & 96 & & & 11,589 & & & 102 & & & 12,245 & & & 107 & & & 12,953 & & & 104 & & & 12,758 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Loans 90 or more days delinquent or in foreclosure as a percentage of total loans & & & & 0.15 & % & & & & & 0.16 & % & & & & & 0.17 & % & & & & & 0.19 & % & & & & & 0.18 & % \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Nonaccrual loans less than 90 Days Delinquent:(1) & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 5 & & $ & 451 & & & 7 & & $ & 1,288 & & & 7 & & $ & 1,392 & & & 9 & & $ & 1,646 & & & 9 & & $ & 968 & \\ \hline Correspondent purchased & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & \\ \hline Bulk purchased & — & & & — & & & 1 & & & 131 & & & 1 & & & 131 & & & — & & & — & & & — & & & — & \\ \hline Commercial & 3 & & & 62 & & & 4 & & & 419 & & & 3 & & & 403 & & & 4 & & & 642 & & & 3 & & & 411 & \\ \hline Consumer & — & & & — & & & 1 & & & 9 & & & — & & & — & & & — & & & — & & & 1 & & & 9 & \\ \hline & 8 & & & 513 & & & 13 & & & 1,847 & & & 11 & & & 1,926 & & & 13 & & & 2,288 & & & 13 & & & 1,388 & \\ \hline Total nonaccrual loans & 103 & & & 11,163 & & & 109 & & & 13,436 & & & 113 & & & 14,171 & & & 120 & & & 15,241 & & & 117 & & & 14,146 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Nonaccrual loans as a percentage of total loans & & & & 0.16 & % & & & & & 0.19 & % & & & & & 0.20 & % & & & & & 0.22 & % & & & & & 0.20 & % \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline OREO: & & & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated(2) & 2 & & $ & 319 & & & 3 & & $ & 170 & & & 3 & & $ & 177 & & & 2 & & $ & 105 & & & 3 & & $ & 129 & \\ \hline Total non-performing assets & 105 & & $ & 11,482 & & & 112 & & $ & 13,606 & & & 116 & & $ & 14,348 & & & 122 & & $ & 15,346 & & & 120 & & $ & 14,275 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Non-performing assets as a percentage of total assets & & & & 0.12 & % & & & & & 0.14 & % & & & & & 0.15 & % & & & & & 0.16 & % & & & & & 0.15 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies even if the loans are current. \\ \hline (2) & & Real estate-related consumer loans where we also hold the first mortgage are included in the one- to four-family category as the underlying collateral is one- to four-family property. \\ \hline & & \\ \hline \end{table} The following table presents loans classified as special mention or substandard at the dates presented. The decrease in commercial special mention loans at December 31, 2021 compared to September 30, 2021 was due mainly to two commercial loans moving to the pass classification during the current quarter as the underlying economic considerations being monitored by management improved to levels deemed appropriate by the Company. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Special Mention & & Substandard & & Special Mention & & Substandard \\ \hline & (Dollars in thousands) \\ \hline One- to four-family & $ & 12,971 & & $ & 21,835 & & $ & 14,332 & & $ & 23,458 \\ \hline Commercial & & 47,093 & & & 3,362 & & & 99,729 & & & 3,259 \\ \hline Consumer & & 321 & & & 676 & & & 135 & & & 718 \\ \hline & $ & 60,385 & & $ & 25,873 & & $ & 114,196 & & $ & 27,435 \\ \hline \end{table} Allowance for Credit Losses: The Bank is utilizing a discounted cash flow approach for estimating expected credit losses for pooled loans and loan commitments. Management applied qualitative factors at December 31, 2021 to account for the continued economic uncertainties, along with the balance and trending of large-dollar special mention commercial loans, and commercial loan COVID-19 modifications. The economic uncertainties were related to (1) the job market, the unemployment rate and labor participation rate and how the significant federal assistance may be impacting those measures and (2) the unevenness of the recovery in certain industries in which the Bank has lending relationships.The following table presents a summary of changes in ACL and reserve for off-balance sheet credit exposures occurring during the quarter ended December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & ACL & & Reserve for off- balance sheet credit exposures & & ACL and Reserve for off- balance sheet credit exposures \\ \hline & (Dollars in thousands) \\ \hline Balance at September 30, 2021 & $ & 19,823 & & & $ & 5,743 & & & $ & 25,566 & \\ \hline Charge-offs & & (15 & ) & & & — & & & & (15 & ) \\ \hline Recoveries & & 46 & & & & — & & & & 46 & \\ \hline Net recoveries & & 31 & & & & — & & & & 31 & \\ \hline Provision for credit losses & & (2,319 & ) & & & (1,120 & ) & & & (3,439 & ) \\ \hline Balance at December 31, 2021 & $ & 17,535 & & & $ & 4,623 & & & $ & 22,158 & \\ \hline \end{table} The negative provision for credit losses associated with the ACL was primarily due to a reduction in the large-dollar special mention commercial loan qualitative factor due to two large-dollar special mention commercial loans moving to the pass classification during the current quarter, as discussed above. Additionally, economic conditions continued to improve during the current quarter, so the economic uncertainty qualitative factor for commercial loans decreased during the current quarter. The negative provision for credit losses for off-balance sheet credit exposures was mainly related to a reduction in the commercial loan economic uncertainty qualitative factor, also due to the improved economic conditions during the current quarter.The following tables present ACL activity and related ratios at the dates and for the periods indicated. \begin{table}{|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & (Dollars in thousands) \\ \hline Balance at beginning of period & $ & 19,823 & & & $ & 20,724 & \\ \hline Charge-offs: & & & & & \\ \hline One- to four-family & & (4 & ) & & & (22 & ) \\ \hline Commercial & & (10 & ) & & & — & \\ \hline Consumer & & (1 & ) & & & (4 & ) \\ \hline Total charge-offs & & (15 & ) & & & (26 & ) \\ \hline Recoveries: & & & & & \\ \hline One- to four-family & & 9 & & & & 4 & \\ \hline Commercial & & 36 & & & & 12 & \\ \hline Consumer & & 1 & & & & 14 & \\ \hline Total recoveries & & 46 & & & & 30 & \\ \hline Net recoveries (charge-offs) & & 31 & & & & 4 & \\ \hline Provision for credit losses & & (2,319 & ) & & & (905 & ) \\ \hline Balance at end of period & $ & 17,535 & & & $ & 19,823 & \\ \hline & & & & & \\ \hline Ratio of net charge-offs during the period to average loans outstanding during the period & & — & % & & & — & % \\ \hline Ratio of net charge-offs (recoveries) during the period to average non-performing assets & & (0.25 & ) & & & (0.03 & ) \\ \hline ACL to non-performing loans at end of period & & 157.08 & & & & 147.54 & \\ \hline ACL to loans receivable at end of period & & 0.25 & & & & 0.28 & \\ \hline ACL to net charge-offs (annualized) & N/M & (1) & & N/M & (1) \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & This ratio is not presented due to loan recoveries exceeding loan charge-offs during the period. \\ \hline & & \\ \hline \end{table} The distribution of our ACL and the ratio of ACL to loans receivable, by loan type, at the dates indicated is summarized below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Distribution of ACL & & Ratio of ACL to Loans Receivable \\ \hline & December 31, & & September 30, & & December 31, & & September 30, \\ \hline & 2021 & & 2021 & & 2021 & & 2021 \\ \hline & (Dollars in thousands) & & & & \\ \hline One- to four-family: & & & & & & & \\ \hline Originated & $ & 1,611 & & $ & 1,590 & & 0.04 & % & & 0.04 & % \\ \hline Correspondent purchased & & 2,082 & & & 2,062 & & 0.10 & & & 0.10 & \\ \hline Bulk purchased & & 268 & & & 304 & & 0.16 & & & 0.18 & \\ \hline Construction & & 28 & & & 22 & & 0.06 & & & 0.06 & \\ \hline Total & & 3,989 & & & 3,978 & & 0.06 & & & 0.06 & \\ \hline Commercial: & & & & & & & \\ \hline Commercial real estate & & 11,257 & & & 13,706 & & 1.64 & & & 2.02 & \\ \hline Commercial and industrial & & 376 & & & 344 & & 0.49 & & & 0.52 & \\ \hline Construction & & 1,720 & & & 1,602 & & 1.63 & & & 1.86 & \\ \hline Total & & 13,353 & & & 15,652 & & 1.54 & & & 1.89 & \\ \hline Consumer & & 193 & & & 193 & & 0.21 & & & 0.20 & \\ \hline Total & $ & 17,535 & & $ & 19,823 & & 0.25 & & & 0.28 & \\ \hline \end{table} **Securities Portfolio** The following table presents the distribution of our securities portfolio, at amortized cost, at December 31, 2021. Overall, fixed-rate securities comprised 94% of our securities portfolio at December 31, 2021. The weighted average life ("WAL") is the estimated remaining maturity (in years) after three-month historical prepayment speeds and projected call option assumptions have been applied. Weighted average yields on tax-exempt securities are not calculated on a fully tax-equivalent basis. \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Amount & & Yield & & WAL \\ \hline & (Dollars in thousands) \\ \hline MBS & $ & 1,375,711 & & 1.36 & % & & 3.5 \\ \hline U.S. government-sponsored enterprise debentures & & 519,972 & & 0.61 & & & 3.6 \\ \hline Municipal bonds & & 3,344 & & 1.86 & & & 0.1 \\ \hline Total securities portfolio & $ & 1,899,027 & & 1.15 & & & 3.5 \\ \hline \end{table} The following table summarizes the activity in our securities portfolio for the period presented. The weighted average yields for the beginning and ending balances are as of the first and last days of the period presented and are generally derived from recent prepayment activity on the securities in the portfolio. The beginning and ending WALs are the estimated remaining principal repayment terms (in years) after three-month historical prepayment speeds have been applied. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 \\ \hline & Amount & & Yield & & WAL \\ \hline & (Dollars in thousands) \\ \hline Beginning balance - carrying value & $ & 2,014,608 & & & 1.16 & % & & 3.5 \\ \hline Maturities and repayments & & (107,665 & ) & & & & \\ \hline Net amortization of (premiums)/discounts & & (1,764 & ) & & & & \\ \hline Change in valuation on AFS securities & & (14,526 & ) & & & & \\ \hline Ending balance - carrying value & $ & 1,890,653 & & & 1.16 & & & 3.5 \\ \hline \end{table} **Deposit Portfolio** The following table presents the amount, weighted average rate, and percent of total for the components of our deposit portfolio at the dates presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & & & & % of & & & & & & % of & & & & & & % of \\ \hline & Amount & & Rate & & Total & & Amount & & Rate & & Total & & Amount & & Rate & & Total \\ \hline & (Dollars in thousands) \\ \hline Non-interest-bearing checking & $ & 599,969 & & — & % & & 9.0 & % & & $ & 543,849 & & — & % & & 8.2 & % & & $ & 494,375 & & — & % & & 7.7 & % \\ \hline Interest-bearing checking & & 1,092,342 & & 0.07 & & & 16.4 & & & & 1,037,362 & & 0.07 & & & 15.7 & & & & 953,927 & & 0.08 & & & 14.9 & \\ \hline Savings & & 526,714 & & 0.05 & & & 7.9 & & & & 519,069 & & 0.05 & & & 7.9 & & & & 455,633 & & 0.06 & & & 7.1 & \\ \hline Money market & & 1,840,049 & & 0.19 & & & 27.7 & & & & 1,753,525 & & 0.19 & & & 26.6 & & & & 1,488,749 & & 0.31 & & & 23.2 & \\ \hline Retail certificates of deposit & & 2,254,560 & & 1.31 & & & 33.9 & & & & 2,341,531 & & 1.41 & & & 35.5 & & & & 2,570,135 & & 1.75 & & & 40.1 & \\ \hline Commercial certificates of deposit & & 137,419 & & 0.64 & & & 2.1 & & & & 190,215 & & 0.66 & & & 2.9 & & & & 207,813 & & 0.83 & & & 3.2 & \\ \hline Public unit certificates of deposit & & 196,951 & & 0.17 & & & 3.0 & & & & 211,845 & & 0.21 & & & 3.2 & & & & 240,210 & & 0.64 & & & 3.8 & \\ \hline & $ & 6,648,004 & & 0.53 & & & 100.0 & % & & $ & 6,597,396 & & 0.59 & & & 100.0 & % & & $ & 6,410,842 & & 0.84 & & & 100.0 & % \\ \hline \end{table} **Borrowings** The following table presents the maturity of term borrowings, which consist entirely of FHLB advances, along with associated weighted average contractual and effective rates as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Term Borrowings Amount & & & & \\ \hline Maturity by & & FHLB & & Interest rate & & Contractual & & Effective \\ \hline Fiscal Year & & Advances & & swaps(1) & & Rate & & Rate(2) \\ \hline & & (Dollars in thousands) & & & \\ \hline 2022 & & $ & 75,000 & & $ & — & & 0.29 & % & & 0.29 & % \\ \hline 2023 & & & 300,000 & & & — & & 1.70 & & & 1.81 & \\ \hline 2024 & & & 150,000 & & & 165,000 & & 1.32 & & & 2.46 & \\ \hline 2025 & & & 300,000 & & & 100,000 & & 1.33 & & & 2.09 & \\ \hline 2026 & & & 250,000 & & & — & & 0.96 & & & 1.27 & \\ \hline 2027 & & & 150,000 & & & — & & 0.93 & & & 1.24 & \\ \hline 2028 & & & — & & & 100,000 & & 0.56 & & & 3.44 & \\ \hline & & $ & 1,225,000 & & $ & 365,000 & & 1.20 & & & 1.90 & \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Represents adjustable-rate FHLB advances for which the Bank has entered into interest rate swaps with a notional amount of $365.0 million to hedge the variability in cash flows associated with the advances. These advances are presented based on their contractual maturity dates and will be renewed periodically until the maturity or termination of the interest rate swaps. The expected WAL of the interest rate swaps was 3.8 years at December 31, 2021. \\ \hline (2) & & The effective rate includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. \\ \hline & & \\ \hline \end{table} The following table presents borrowing activity for the period shown. The borrowings presented in the table have original contractual terms of one year or longer or are tied to interest rate swaps with original contractual terms of one year or longer. The effective rate is shown as a weighted average and includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The weighted average maturity ("WAM") is the remaining weighted average contractual term in years and includes the impact of interest rate swaps. The beginning and ending WAMs represent the remaining maturity at each date presented. For new borrowings, the WAMs presented are as of the date of issue. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 \\ \hline & & & Effective & & \\ \hline & Amount & & Rate & & WAM \\ \hline & (Dollars in thousands) \\ \hline Beginning balance & $ & 1,590,000 & & & 1.88 & % & & 3.3 \\ \hline Maturities and prepayments & & (100,000 & ) & & 3.14 & & & \\ \hline New FHLB borrowings & & 100,000 & & & 3.44 & & & 6.5 \\ \hline Ending balance & $ & 1,590,000 & & & 1.90 & & & 3.1 \\ \hline \end{table} **Maturities of Interest-Bearing Liabilities** The following table presents the maturity and weighted average repricing rate, which is also the weighted average effective rate, of certificates of deposit, split between retail/commercial and public unit amounts, and term borrowings for the next four quarters as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & March 31, & & June 30, & & September 30, & & December 31, & & \\ \hline & & 2022 & & & & 2022 & & & & 2022 & & & & 2022 & & & Total \\ \hline & (Dollars in thousands) \\ \hline Retail/Commercial Certificates: & & & & & & & & \\ \hline Amount & $ & 335,106 & & & $ & 372,663 & & & $ & 425,009 & & & $ & 314,564 & & & $ & 1,447,342 & \\ \hline Repricing Rate & & 1.12 & % & & & 1.01 & % & & & 1.39 & % & & & 1.24 & % & & & 1.20 & % \\ \hline Public Unit Certificates: & & & & & & & & & \\ \hline Amount & $ & 83,428 & & & $ & 66,181 & & & $ & 29,003 & & & $ & 5,000 & & & $ & 183,612 & \\ \hline Repricing Rate & & 0.25 & % & & & 0.11 & % & & & 0.09 & % & & & 0.10 & % & & & 0.17 & % \\ \hline Term Borrowings:(1) & & & & & & & & & \\ \hline Amount & $ & — & & & $ & — & & & $ & 75,000 & & & $ & — & & & $ & 75,000 & \\ \hline Repricing Rate & & — & % & & & — & % & & & 0.29 & % & & & — & % & & & 0.29 & % \\ \hline Total & & & & & & & & & \\ \hline Amount & $ & 418,534 & & & $ & 438,844 & & & $ & 529,012 & & & $ & 319,564 & & & $ & 1,705,954 & \\ \hline Repricing Rate & & 0.94 & % & & & 0.88 & % & & & 1.17 & % & & & 1.22 & % & & & 1.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & The maturity date for FHLB advances tied to interest rate swaps is based on the maturity date of the related interest rate swap \\ \hline & & \\ \hline \end{table} The following table sets forth the WAM information for our certificates of deposit, in years, as of December 31, 2021. \begin{table}{|c|c|c|} \hline Retail certificates of deposit & & 1.2 \\ \hline Commercial certificates of deposit & & 0.5 \\ \hline Public unit certificates of deposit & & 0.4 \\ \hline Total certificates of deposit & & 1.1 \\ \hline \end{table} **Average Rates and Lives** At December 31, 2021, the Bank's gap between the amount of interest-earning assets and interest-bearing liabilities projected to reprice within one year was $(928.0) million, or (9.7)% of total assets, compared to $(664.1) million, or (6.9)% of total assets, at September 30, 2021. The change in the one-year gap amount was due primarily to an increase in the amount of non-maturity deposits projected to reprice within one year at December 31, 2021 compared to September 30, 2021. In addition, the amount of assets projected to reprice decreased due to higher interest rates, which resulted in slower prepay projections on the Bank's mortgage-related assets at December 31, 2021 compared to September 30, 2021.The majority of interest-earning assets anticipated to reprice in the coming year are repayments and prepayments on one- to four-family loans and mortgage-backed securities, both of which include the option to prepay without a fee being paid by the contract holder. The amount of interest-bearing liabilities expected to reprice in a given period is not typically significantly impacted by changes in interest rates, because the Bank's borrowings and certificate of deposit portfolios have contractual maturities and generally cannot be terminated early without a prepayment penalty. If interest rates were to increase 200 basis points, as of December 31, 2021, the Bank's one-year gap is projected to be $(1.44) billion, or (15.0)% of total assets. The change in the gap compared to when there is no change in rates is due to lower anticipated net cash flows primarily due to lower repayments on mortgage-related assets in the higher rate environment. This compares to a one-year gap of $(1.29) billion, or (13.4)% of total assets, if interest rates were to have increased 200 basis points as of September 30, 2021.The following table presents the weighted average yields/rates and WALs (in years), after applying prepayment, call assumptions, and decay rates for our interest-earning assets and interest-bearing liabilities as of December 31, 2021. Yields presented for interest-earning assets include the amortization of fees, costs, premiums and discounts, which are considered adjustments to the yield. The interest rate presented for term borrowings is the effective rate, which includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The WAL presented for term borrowings includes the effect of interest rate swaps. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Amount & & Yield/Rate & & WAL & & % of Category & & % of Total \\ \hline & (Dollars in thousands) \\ \hline Securities & $ & 1,890,653 & & 1.15 & % & & 4.0 & & & & 20.5 & % \\ \hline Loans receivable: & & & & & & & & & \\ \hline Fixed-rate one- to four-family & & 5,563,567 & & 3.11 & & & 5.6 & & 78.3 & % & & 60.4 & \\ \hline Fixed-rate commercial & & 454,400 & & 4.15 & & & 3.6 & & 6.4 & & & 4.9 & \\ \hline All other fixed-rate loans & & 59,954 & & 3.52 & & & 6.7 & & 0.9 & & & 0.7 & \\ \hline Total fixed-rate loans & & 6,077,921 & & 3.19 & & & 5.5 & & 85.6 & & & 66.0 & \\ \hline Adjustable-rate one- to four-family & & 535,284 & & 2.39 & & & 4.1 & & 7.5 & & & 5.8 & \\ \hline Adjustable-rate commercial & & 415,074 & & 4.07 & & & 7.2 & & 5.8 & & & 4.5 & \\ \hline All other adjustable-rate loans & & 79,779 & & 4.23 & & & 2.5 & & 1.1 & & & 0.9 & \\ \hline Total adjustable-rate loans & & 1,030,137 & & 3.21 & & & 5.2 & & 14.4 & & & 11.2 & \\ \hline Total loans receivable & & 7,108,058 & & 3.19 & & & 5.4 & & 100.0 & % & & 77.2 & \\ \hline FHLB stock & & 75,261 & & 6.56 & & & 3.1 & & & & 0.8 & \\ \hline Cash and cash equivalents & & 135,475 & & 0.12 & & & — & & & & 1.5 & \\ \hline Total interest-earning assets & $ & 9,209,447 & & 2.75 & & & 5.0 & & & & 100.0 & % \\ \hline & & & & & & & & & \\ \hline Non-maturity deposits & $ & 3,459,105 & & 0.13 & & & 5.6 & & 57.2 & % & & 45.3 & % \\ \hline Retail certificates of deposit & & 2,254,560 & & 1.31 & & & 1.2 & & 37.3 & & & 29.5 & \\ \hline Commercial certificates of deposit & & 137,419 & & 0.64 & & & 0.5 & & 2.3 & & & 1.8 & \\ \hline Public unit certificates of deposit & & 196,951 & & 0.17 & & & 0.4 & & 3.2 & & & 2.6 & \\ \hline Total deposits & & 6,048,035 & & 0.58 & & & 3.7 & & 100.0 & % & & 79.2 & \\ \hline Term borrowings & & 1,590,000 & & 1.90 & & & 3.1 & & & & 20.8 & \\ \hline Total interest-bearing liabilities & $ & 7,638,035 & & 0.86 & & & 3.5 & & & & 100.0 & % \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005032r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005032/en/](https://www.businesswire.com/news/home/20220128005032/en/) Kent Townsend Executive Vice President, Chief Financial Officer and Treasurer (785) 231-6360 [[email protected]](mailto:[email protected]) Investor Relations (785) 270-6055 [[email protected]](mailto:[email protected]) Source: Capitol Federal Financial, Inc.
Date: 2022-01-28
Title: Maravai LifeSciences Acquires MyChem, a Leader in Proprietary Ultra-Pure Nucleotides
Article: MyChem’s nucleotide synthesis methods are highly complementary to Maravai’s TriLink mRNA technologies Increases capabilities serving the high-growth cell and gene therapy market SAN DIEGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Maravai LifeSciences, Inc.](https://www.globenewswire.com/Tracker?data=Yaal95MmSj5uG8biAkWfC-L9DLxd87T9dGuyaiZK_SZ7OcEEoSmPKOyzvNXmhiuCWwp6qchu3Twg_7MhCupHypon5FgUg7mPaKP7o_qzfIg=) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced today that it has acquired MyChem, LLC for $240 million in cash at closing with the potential for additional contingent cash consideration based on achievement of certain conditions after closing. The acquisition will expand Maravai’s product offering of strategic inputs in the rapidly growing markets for therapeutics and vaccine applications. Based in San Diego, California, MyChem is a privately held provider of proprietary, ultra-pure nucleotides to customers in the diagnostics, pharma, genomics and research markets. Their products include modified nucleotides and other inputs used for mRNA synthesis. MyChem’s portfolio complements Maravai’s nucleic acid production products and is expected to provide customers significant benefits through an integrated offering. Further, MyChem will help accelerate Maravai’s innovation capabilities with additional R&D resources. “MyChem’s chemically synthesized nucleotides are a natural fit and complementary product line for our Nucleic Acid Production business,” said Carl Hull, Chief Executive Officer of Maravai. “We have worked with MyChem since 2018 and have the highest regard for the founders and the team they have built and believe there is a close alignment of company cultures. Similar to our past acquisitions, MyChem is founder-led with exceptional science in place where we can help scale the organization and accelerate growth.” Brian Neel, Chief Operating Officer, Nucleic Acid Production added, "MyChem provides critical raw materials for our CleanCap® AG and mRNA production and has been a reliable supply partner. This acquisition continues our path to build and integrate strategic inputs of the mRNA vaccine and therapeutic supply chain into our operations here in the U.S. and our push to have an end-to end offering for our customers. MyChem’s state-of-the-art method for developing ultra-pure nucleotides helps to solve key customer needs not currently addressed by standard, enzymatic manufacturing. We look forward to welcoming their incredibly talented team to Maravai to help drive adoption of new chemistries.” Chanfeng Zhao, Chief Executive Officer and co-founder of MyChem, commented, "We are pleased to join Maravai and the TriLink team given their outstanding reputation for quality, their industry leadership and our shared commitment to develop innovative life science tools. We remain committed to our current customers and believe this transaction will further strengthen our ability to support their needs. This business combination will also allow us to pursue cross-selling opportunities to existing customers, expand sales and marketing to new customers and markets, initiate GMP manufacturing of nucleotides and pursue additional opportunities with pharmaceutical customers in their mRNA programs for vaccine and therapeutic applications.” Following the acquisition, MyChem will become part of TriLink and the Nucleic Acid Production Business Segment, and the MyChem management team will report to Mr. Neel. **Advisors** Jefferies LLC served as financial advisor to Maravai and Kirkland & Ellis LLP served as legal counsel to Maravai. BroadOak Capital Partners, LLC served as financial advisor to MyChem and Morrison & Foerster LLP served as legal counsel to MyChem. **About Maravai** Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics and novel vaccines and to support research on human diseases. Maravai’s companies are leaders in providing products and services in the fields of nucleic acid synthesis and biologics safety testing to many of the world's leading biopharmaceutical, vaccine, diagnostics and cell and gene therapies companies. **About MyChem** MyChem, LLC is a San Diego-based company specializing in making ultra-pure nucleotides. These include natural nucleotides, modified nucleotides and dye labeled nucleotides. MyChem’s ultra-pure nucleotides are used in a variety of applications to advance the development of biotechnology research, diagnostic and therapeutic applications. MyChem develops integrated partnerships with customers across the globe to provide premium reagents and innovative services. **Forward-looking Statements** This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements constitute forward-looking statements, including, without limitation, statements related to the complementary nature of MyChem’s methods, the increased capabilities of Maravai following the acquisition, the expansion of Maravai’s product offerings, expected growth of the markets for therapeutics and vaccine applications, expected benefits to customers, acceleration of R&D capabilities, plans to scale the acceleration and accelerate growth, the potential for new end-to-end product offerings, the adoption of new chemistries, the potential for cross-selling and expansion of sales, and plans for GMP manufacturing, constitute forward-looking statements identified by words like “will,” “expect,” “may,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation and uncertainties related to challenges associated with integration of the acquired business into Maravai, continued validation of the safety and effectiveness of our technology, new scientific developments and competition from other products. These and other risks and uncertainties are described in greater detail in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements, and therefore you should not rely upon them. These forward-looking statements reflect our current views and we do not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OCM0Njk4NDI5IzIyMDQ1NDk=) [Image](https://ml.globenewswire.com/media/ZGVjMzlmZWQtODM4My00N2I4LTk1ODUtZGY2NDNlNjU5ZTQ0LTEyMTYxMDI=/tiny/Maravai-LifeSciences-Holdings-.png) Contact Information: Media Contact: Sara Michelmore MacDougall Advisors +1 781-235-3060 [[email protected]](mailto:[email protected]) Investor Contact: Deb Hart Maravai LifeSciences + 1 858-988-5917 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/ea9d2fb8-12c5-45f9-b357-d0e6258066f2) Source: Maravai LifeSciences Holdings LLC
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Symbol: PRTC
Security: PureTech Health plc
Related Stocks/Topics: Unknown
Title: Wall Street Analysts Think PureTech Health PLC Sponsored ADR (PRTC) Could Surge 92%: Read This Before Placing a Bet
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **PureTech Health PLC Sponsored ADR** (PRTC) closed the last trading session at $37.85, gaining 2.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $72.67 indicates a 92% upside potential.The average comprises three short-term price targets ranging from a low of $70 to a high of $76, with a standard deviation of $3.06. While the lowest estimate indicates an increase of 84.9% from the current price level, the most optimistic estimate points to a 100.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.However, an impressive consensus price target is not the only factor that indicates a potential upside in PRTC. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. **Here's What You Should Know About Analysts' Price Targets** According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism. **Here's Why There Could be Plenty of Upside Left in PRTC** There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.8%. Moreover, PRTC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive [externally-audited track record](https://www.zacks.com/performance_disclosure/), this is a more conclusive indication of the stock's potential upside in the near term. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_551_012822&icid=blog-tale_of_the_tape|consensus_price_target-ARTCAT|012822-ZP-commentary_blog-text-eoac) Therefore, while the consensus price target may not be a reliable indicator of how much PRTC could gain, the direction of price movement it implies does appear to be a good guide. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_551_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [PureTech Health PLC Sponsored ADR (PRTC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PRTC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859061/wall-street-analysts-think-puretech-health-plc-sponsored-adr-prtc-could-surge-92-read-this-before-placing-a-bet?cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 35.7698
Stock Price 2 days before: 36.5487
Stock Price 1 day before: 36.8136
Stock Price at release: 38.2997
Risk-Free Rate at release: 0.0004
| 30.6161 |
Broader Economic Information:
Date: 2022-01-28
Title: Beyond Meat (BYND) Stock Sinks As Market Gains: What You Should Know
Article: In the latest trading session, Beyond Meat (BYND) closed at $56.54, marking a -0.04% move from the previous day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.Prior to today's trading, shares of the plant-based meat company had lost 16.07% over the past month. This has lagged the Consumer Staples sector's loss of 1.73% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Beyond Meat as it approaches its next earnings release. In that report, analysts expect Beyond Meat to post earnings of -$0.73 per share. This would mark a year-over-year decline of 114.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103.98 million, up 2% from the year-ago period.Investors should also note any recent changes to analyst estimates for Beyond Meat. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Beyond Meat currently has a Zacks Rank of #3 (Hold).The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BYND in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [Beyond Meat, Inc. (BYND): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYND&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859411/beyond-meat-bynd-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411)
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)
Article: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\ \hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Columbia Financial, Inc Shares Approach 52-Week High - Market Mover
Article: Columbia Financial, Inc ([CLBK](https://kwhen.com/finance/profiles/CLBK/summary))) shares closed today at 1.9% below its 52 week high of $21.83, giving the company a market cap of $2B. The stock is currently up 2.7% year-to-date, up 37.4% over the past 12 months, and up 39.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 17.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. **Technical Indicators** [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) [How Much Do Roofing Services Cost In 2024? HomeBuddy Learn More](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) Undo - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by -311.6% - The company's stock price performance over the past 12 months beats the peer average by 372.7% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 401.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
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Date: 2022-01-28
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. 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[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)*Stock Advisor returns as of January 10, 2022Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables accompanying the company's press release issued this morning. The company expressly disclaims any intent or obligation to update any of the forward-looking statements made in today's call, any recordings of today's call, the press release issued earlier today, or in any of its SEC filings, except as may be otherwise stated by the company. I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. 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Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Date: 2022-01-28
Title: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover
Article: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Date: 2022-01-28
Title: OPKO Health (OPK) Dips More Than Broader Markets: What You Should Know
Article: OPKO Health (OPK) closed the most recent trading day at $2.87, moving -1.37% from the previous trading session. This change lagged the S&P 500's 0.54% loss on the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.Coming into today, shares of the holding company with investments in pharmaceutical and diagnostics companies had lost 41.57% in the past month. In that same time, the Medical sector lost 12.54%, while the S&P 500 lost 7.87%. OPKO Health will be looking to display strength as it nears its next earnings release. On that day, OPKO Health is projected to report earnings of -$0.03 per share, which would represent a year-over-year decline of 160%. Our most recent consensus estimate is calling for quarterly revenue of $334.6 million, down 32.35% from the year-ago period.Any recent changes to analyst estimates for OPKO Health should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 109.09% lower. OPKO Health is currently a Zacks Rank #3 (Hold).The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow OPK in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [OPKO Health, Inc. (OPK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=OPK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858741/opko-health-opk-dips-more-than-broader-markets-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Is Superior Group of Companies, Inc. (NASDAQ:SGC) Popular Amongst Insiders?
Article: A look at the shareholders of Superior Group of Companies, Inc. (NASDAQ:SGC) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.Superior Group of Companies is not a large company by global standards. It has a market capitalization of US$315m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Superior Group of Companies. [ownership-breakdown](https://images.simplywall.st/asset/chart/306113-ownership-breakdown-1-dark/1643383398246) NasdaqGM:SGC Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About Superior Group of Companies?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Superior Group of Companies does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Superior Group of Companies' earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/306113-earnings-and-revenue-growth-1-dark/1643383400691) NasdaqGM:SGC Earnings and Revenue Growth January 28th 2022Hedge funds don't have many shares in Superior Group of Companies. Looking at our data, we can see that the largest shareholder is Benstock-Superior Ltd. with 17% of shares outstanding. Wasatch Advisors Inc. is the second largest shareholder owning 6.4% of common stock, and Dimensional Fund Advisors L.P. holds about 6.3% of the company stock. In addition, we found that Michael Benstock, the CEO has 4.1% of the shares allocated to their name. On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of Superior Group of Companies** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of Superior Group of Companies, Inc.. Insiders own US$43m worth of shares in the US$315m company. This may suggest that the founders still own a lot of shares. You can [click here to see if they have been buying or selling.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Superior Group of Companies. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. **Private Company Ownership** It seems that Private Companies own 17%, of the Superior Group of Companies stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted [4 warning signs for Superior Group of Companies ](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. But ultimately **it is the future**, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at [this free report showing whether analysts are predicting a brighter future](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4NDo0NmI0MWJkMDBlYmJiYTJi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: MKS Instruments (MKSI) Q4 Earnings Beat, Revenues Up Y/Y
Article: **MKS Instruments** [MKSI](https://www.nasdaq.com/market-activity/stocks/mksi) reported fourth-quarter 2021 adjusted earnings of $3.02 per share, which beat the Zacks Consensus Estimate by 5.59% and surged 29.1% year over year.Revenues of $763.9 million surpassed the consensus mark by 0.47% and improved 15.7% year over year, driven by rising demand for the company’s solutions in the semiconductor and advanced market despite the negative impact of pandemic and supply chain constraints.Products revenues (87.4% of total revenues) were $667.8 million, up 16.4% year over year. Services revenues (12.6%) increased 3.6% year over year to $96.1 million. **Quarterly Update** Revenues from the semiconductor market (64.8% of total revenues) increased 25.9% year over year to $494.8 million, owing to robust performance by the Vacuum & Analysis division.Revenues from advanced markets (35.2% of total revenues) were $269.1 million, up 0.7% year over year. The upside can be attributed to recovery in demand trends for advanced electronics applications.Segment-wise, Vacuum and Analysis (63.5% of total revenues) revenues surged 18% year over year to $484.4 million.Light and Motion division revenues (30.1% of total revenues) climbed 26.1% year over year to $229.8.Equipment & Solutions segment revenues (6.4% of total revenues) were $49.2 million, down 26.6% year over year. **MKS Instruments, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/MKSI/price-consensus-eps-surprise-chart?icid=chart-MKSI-price-consensus-eps-surprise-chart)[MKS Instruments, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MKSI/price-consensus-eps-surprise-chart?icid=chart-MKSI-price-consensus-eps-surprise-chart) | [MKS Instruments, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mksi)**Operating Details** In the fourth quarter, adjusted gross margin expanded 70 basis points (bps) on a year-over-year basis to 46.4%.Adjusted EBITDA increased 26.4% year over year to $228.4 million. Adjusted EBITDA margin expanded 250 bps on a year-over-year basis to 29.9%.Research & development, and sales, general & administrative expenses, as a percentage of revenues, declined 20 bps and 150 bps on a year-over-year basis, respectively.MKS Instruments reported non-GAAP operating income of $207.2 million, up 26.8% year over year. Adjusted operating margin expanded 240 bps on a year-over-year basis to 27.1%. **Balance Sheet** As of Dec 30, 2021, MKS Instruments had cash and short-term investments of $1.04 billion compared with $879.6 million as of Sep 30, 2021.Total debt as of Dec 31 2021, was $818.7 million. Secured term loan principal outstanding as of Dec 31, 2021, was $827 million. The company had $100 million of incremental borrowing capacity under an asset-based line of credit, subject to certain borrowing base requirements.Cash flow from operations was $194.3 million in the fourth quarter compared with the previous quarter’s figure of $153.1 million. Free cash flow was $170.9 million compared with $132.6 million reported in the previous quarter.MKS Instruments paid out dividends worth $12 million during the reported quarter. **Q4 Guidance** For the first quarter of 2022, MKS Instruments anticipates revenues to be $750 million (+/- $30 million). The Zacks Consensus Estimate for revenues is currently pegged at $782.33 million, indicating growth of 15.6% from the year-ago quarter.Non-GAAP earnings are expected to be $2.57 per share (+/- 25 cents).The consensus mark for earnings is currently pegged at $2.96 per share, suggesting an increase of 15.63% from the prior-year quarter. **Zacks Rank & Stocks to Consider** Currently, MKS Instruments has a Zacks Rank #3 (Hold).MKS Instruments shares have underperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While MKSI shares have fallen 12.9%, the Computer & Technology sector rallied 2.7%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26amp%3BICID%3Dzpi_1link&icid=&cid=). **Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with the sector’s growth of 2.7%. LFUS is expected to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is slated to report fourth-quarter 2021 results on Feb 2. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [MKS Instruments, Inc. (MKSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MKSI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859167/mks-instruments-mksi-q4-earnings-beat-revenues-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: RES
Security: RPC, Inc.
Related Stocks/Topics: Stocks
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Stock Price 4 days before: 5.28
Stock Price 2 days before: 6.48766
Stock Price 1 day before: 6.06
Stock Price at release: 5.86184
Risk-Free Rate at release: 0.0004
| 8.4986 |
Broader Economic Information:
Date: 2022-01-28
Title: SSR Mining Reports Fatal Vehicle Accident Near Puna
Article: DENVER, Jan. 28, 2022 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") regrets to report a fatal vehicle accident involving an employee of the Company. The accident occurred on a public road 20 kilometers southeast of the Chinchillas mine site in Jujuy Province, Argentina at approximately 5:30 p.m. local time on January 26th, 2022. The accident involved a vehicle contracted to transport mine personnel. Three additional occupants were rescued by local police, including two SSR Mining team members who have returned home while the vehicle's driver is being cared for at the mine. Local police have started their investigation into the incident. "We are saddened by the loss of one of our employees in this tragic event near the Puna mine. On behalf of SSR Mining, we extend our most sincere condolences to the individual's family, friends, and colleagues," said Rod Antal, President & CEO of SSR Mining. SSR Mining is working to ensure the families of the those impacted in this tragic accident will receive the necessary support and assistance during this difficult time. SSR Mining will also provide support and counselling to assist employees and contractors at the Puna mine. Operations at Puna have been temporarily paused. **About SSR Mining** SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, the four operating assets produced approximately 711,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX. **SSRMining Contacts** F. EdwardFarid, Executive Vice President, Chief Corporate Development OfficerAlexHunchak, Director, Corporate Development and Investor Relations SSRMining Inc.E-Mail: [[email protected]](mailto:[email protected]) Phone: +1 (416) 306-5789 To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at [www.ssrmining.com](https://c212.net/c/link/?t=0&l=en&o=3426983-1&h=2211861713&u=http%3A%2F%2Fwww.ssrmining.com%2F&a=www.ssrmining.com). [Cision](https://c212.net/c/img/favicon.png?sn=TO45224&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html](https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html) SOURCE SSR Mining Inc.
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Is Superior Group of Companies, Inc. (NASDAQ:SGC) Popular Amongst Insiders?
Article: A look at the shareholders of Superior Group of Companies, Inc. (NASDAQ:SGC) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.Superior Group of Companies is not a large company by global standards. It has a market capitalization of US$315m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Superior Group of Companies. [ownership-breakdown](https://images.simplywall.st/asset/chart/306113-ownership-breakdown-1-dark/1643383398246) NasdaqGM:SGC Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About Superior Group of Companies?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Superior Group of Companies does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Superior Group of Companies' earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/306113-earnings-and-revenue-growth-1-dark/1643383400691) NasdaqGM:SGC Earnings and Revenue Growth January 28th 2022Hedge funds don't have many shares in Superior Group of Companies. Looking at our data, we can see that the largest shareholder is Benstock-Superior Ltd. with 17% of shares outstanding. Wasatch Advisors Inc. is the second largest shareholder owning 6.4% of common stock, and Dimensional Fund Advisors L.P. holds about 6.3% of the company stock. In addition, we found that Michael Benstock, the CEO has 4.1% of the shares allocated to their name. On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of Superior Group of Companies** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of Superior Group of Companies, Inc.. Insiders own US$43m worth of shares in the US$315m company. This may suggest that the founders still own a lot of shares. You can [click here to see if they have been buying or selling.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Superior Group of Companies. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. **Private Company Ownership** It seems that Private Companies own 17%, of the Superior Group of Companies stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted [4 warning signs for Superior Group of Companies ](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. But ultimately **it is the future**, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at [this free report showing whether analysts are predicting a brighter future](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4NDo0NmI0MWJkMDBlYmJiYTJi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap
Article: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: Provident Bancorp (PVBC) Misses Q4 Earnings Estimates
Article: Provident Bancorp (PVBC) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Provident Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $17.64 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $16.29 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Provident Bancorp shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Provident Bancorp?**While Provident Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PVBC/earnings-calendar), the estimate revisions trend for Provident Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $17.01 million in revenues for the coming quarter and $1 on $70.17 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Farmers & Merchants Bancorp Inc. (FMAO), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Farmers & Merchants Bancorp Inc.'s revenues are expected to be $22.3 million, up 2.5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Provident Bancorp, Inc. (PVBC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PVBC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FMAO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858717/provident-bancorp-pvbc-misses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap
Article: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Maravai LifeSciences Acquires MyChem, a Leader in Proprietary Ultra-Pure Nucleotides
Article: MyChem’s nucleotide synthesis methods are highly complementary to Maravai’s TriLink mRNA technologies Increases capabilities serving the high-growth cell and gene therapy market SAN DIEGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Maravai LifeSciences, Inc.](https://www.globenewswire.com/Tracker?data=Yaal95MmSj5uG8biAkWfC-L9DLxd87T9dGuyaiZK_SZ7OcEEoSmPKOyzvNXmhiuCWwp6qchu3Twg_7MhCupHypon5FgUg7mPaKP7o_qzfIg=) (NASDAQ: MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced today that it has acquired MyChem, LLC for $240 million in cash at closing with the potential for additional contingent cash consideration based on achievement of certain conditions after closing. The acquisition will expand Maravai’s product offering of strategic inputs in the rapidly growing markets for therapeutics and vaccine applications. Based in San Diego, California, MyChem is a privately held provider of proprietary, ultra-pure nucleotides to customers in the diagnostics, pharma, genomics and research markets. Their products include modified nucleotides and other inputs used for mRNA synthesis. MyChem’s portfolio complements Maravai’s nucleic acid production products and is expected to provide customers significant benefits through an integrated offering. Further, MyChem will help accelerate Maravai’s innovation capabilities with additional R&D resources. “MyChem’s chemically synthesized nucleotides are a natural fit and complementary product line for our Nucleic Acid Production business,” said Carl Hull, Chief Executive Officer of Maravai. “We have worked with MyChem since 2018 and have the highest regard for the founders and the team they have built and believe there is a close alignment of company cultures. Similar to our past acquisitions, MyChem is founder-led with exceptional science in place where we can help scale the organization and accelerate growth.” Brian Neel, Chief Operating Officer, Nucleic Acid Production added, "MyChem provides critical raw materials for our CleanCap® AG and mRNA production and has been a reliable supply partner. This acquisition continues our path to build and integrate strategic inputs of the mRNA vaccine and therapeutic supply chain into our operations here in the U.S. and our push to have an end-to end offering for our customers. MyChem’s state-of-the-art method for developing ultra-pure nucleotides helps to solve key customer needs not currently addressed by standard, enzymatic manufacturing. We look forward to welcoming their incredibly talented team to Maravai to help drive adoption of new chemistries.” Chanfeng Zhao, Chief Executive Officer and co-founder of MyChem, commented, "We are pleased to join Maravai and the TriLink team given their outstanding reputation for quality, their industry leadership and our shared commitment to develop innovative life science tools. We remain committed to our current customers and believe this transaction will further strengthen our ability to support their needs. This business combination will also allow us to pursue cross-selling opportunities to existing customers, expand sales and marketing to new customers and markets, initiate GMP manufacturing of nucleotides and pursue additional opportunities with pharmaceutical customers in their mRNA programs for vaccine and therapeutic applications.” Following the acquisition, MyChem will become part of TriLink and the Nucleic Acid Production Business Segment, and the MyChem management team will report to Mr. Neel. **Advisors** Jefferies LLC served as financial advisor to Maravai and Kirkland & Ellis LLP served as legal counsel to Maravai. BroadOak Capital Partners, LLC served as financial advisor to MyChem and Morrison & Foerster LLP served as legal counsel to MyChem. **About Maravai** Maravai is a leading life sciences company providing critical products to enable the development of drug therapies, diagnostics and novel vaccines and to support research on human diseases. Maravai’s companies are leaders in providing products and services in the fields of nucleic acid synthesis and biologics safety testing to many of the world's leading biopharmaceutical, vaccine, diagnostics and cell and gene therapies companies. **About MyChem** MyChem, LLC is a San Diego-based company specializing in making ultra-pure nucleotides. These include natural nucleotides, modified nucleotides and dye labeled nucleotides. MyChem’s ultra-pure nucleotides are used in a variety of applications to advance the development of biotechnology research, diagnostic and therapeutic applications. MyChem develops integrated partnerships with customers across the globe to provide premium reagents and innovative services. **Forward-looking Statements** This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements constitute forward-looking statements, including, without limitation, statements related to the complementary nature of MyChem’s methods, the increased capabilities of Maravai following the acquisition, the expansion of Maravai’s product offerings, expected growth of the markets for therapeutics and vaccine applications, expected benefits to customers, acceleration of R&D capabilities, plans to scale the acceleration and accelerate growth, the potential for new end-to-end product offerings, the adoption of new chemistries, the potential for cross-selling and expansion of sales, and plans for GMP manufacturing, constitute forward-looking statements identified by words like “will,” “expect,” “may,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation and uncertainties related to challenges associated with integration of the acquired business into Maravai, continued validation of the safety and effectiveness of our technology, new scientific developments and competition from other products. These and other risks and uncertainties are described in greater detail in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements, and therefore you should not rely upon them. These forward-looking statements reflect our current views and we do not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OCM0Njk4NDI5IzIyMDQ1NDk=) [Image](https://ml.globenewswire.com/media/ZGVjMzlmZWQtODM4My00N2I4LTk1ODUtZGY2NDNlNjU5ZTQ0LTEyMTYxMDI=/tiny/Maravai-LifeSciences-Holdings-.png) Contact Information: Media Contact: Sara Michelmore MacDougall Advisors +1 781-235-3060 [[email protected]](mailto:[email protected]) Investor Contact: Deb Hart Maravai LifeSciences + 1 858-988-5917 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/ea9d2fb8-12c5-45f9-b357-d0e6258066f2) Source: Maravai LifeSciences Holdings LLC
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Daqo New Energy (DQ) Stock Sinks As Market Gains: What You Should Know
Article: Daqo New Energy (DQ) closed at $35.87 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the solar panel parts maker had lost 11.9% over the past month. This has lagged the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. The company is expected to report EPS of $3.58, up 272.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $765.4 million, up 208.97% from the year-ago period.Investors should also note any recent changes to analyst estimates for Daqo New Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Daqo New Energy is currently a Zacks Rank #3 (Hold).In terms of valuation, Daqo New Energy is currently trading at a Forward P/E ratio of 2.59. Its industry sports an average Forward P/E of 16.26, so we one might conclude that Daqo New Energy is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [DAQO New Energy Corp. (DQ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DQ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859384/daqo-new-energy-dq-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384)
Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: CENX
Security: Century Aluminum Company
Related Stocks/Topics: Unknown
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Stock Price 4 days before: 15.6716
Stock Price 2 days before: 17.2194
Stock Price 1 day before: 16.5875
Stock Price at release: 15.4382
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: UNFI
Security: United Natural Foods, Inc.
Related Stocks/Topics: Stocks|DEO|HELE|MED
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 36.0976
Stock Price 2 days before: 37.1596
Stock Price 1 day before: 37.1199
Stock Price at release: 36.3683
Risk-Free Rate at release: 0.0004
| 39.787 |
Broader Economic Information:
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
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Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?
Article: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Shoals Technologies Group Inc - Class A Shares Close the Week 20.6% Lower - Weekly Wrap
Article: Shoals Technologies Group Inc - Class A ([SHLS](https://kwhen.com/finance/profiles/SHLS/summary))) shares closed this week 20.6% lower than it did at the end of last week. The stock is currently down 44.6% year-to-date, down 56.5% over the past 12 months, and down 56.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $17.15 and as low as $13.28 this week. - Trading volume this week was 18.9% lower than the 10-day average and 25.9% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 168.5% - The company's stock price performance over the past 12 months lags the peer average by 50.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Dana Passes Through 2% Yield Mark
Article: Looking at the universe of stocks we cover at [Dividend Channel](https://www.dividendchannel.com/), in trading on Friday, shares of Dana Inc (Symbol: DAN) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.4), with the stock changing hands as low as $19.96 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Dana Inc (Symbol: DAN) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dana Inc, looking at the history chart for DAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.[DAN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which 9 other dividend stocks just recently went on sale »](https://www.dividendchannel.com/slideshows/ten-stocks-more-yield/)
Date: 2022-01-28
Title: Acceptance Threshold Met in Voluntary Public Takeover of ADVA Optical Networking SE
Article: HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. today announced that as of the end of the initial acceptance period on January 26, 2022 (midnight Central Europe Time (CET)), the voluntary public takeover offer (exchange offer) by Acorn HoldCo, Inc. to all shareholders of ADVA Optical Networking SE has been accepted by more than 60% of all shares of ADVA Optical Networking SE entitled to voting rights existing as of October 31, 2021, thus exceeding the required minimum acceptance threshold.Tom Stanton, Chairman and CEO of ADTRAN, Inc., said: “We appreciate the ADVA shareholders’ confidence in this opportunity to create a leading company in our industry. We are moving forward to work with the relevant authorities to obtain the required foreign direct investment approvals and are confident that such approvals will be obtained in due course.”According to the rules of the German Securities Acquisition and Takeover Act (WpÜG), ADVA shareholders who did not tender their shares during the initial acceptance period can do so during a two-week additional acceptance period beginning on Tuesday, February 1 and ending at midnight CET Monday, February 14, 2022.The final result of the exchange takeover offer as at the end of the acceptance period is expected to be published on Monday, January 31, 2022.The consummation of the offer remains subject to regulatory approvals.Additional information can be found at [www.acorn-offer.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.acorn-offer.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=www.acorn-offer.com&index=1&md5=6c1a260346c5700e27aed1516880734e). **Important Information for Investors and Stockholders** This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in ADVA. The voluntary public takeover offer (Offer) itself, as well as its terms and conditions and further provisions concerning the Offer, are set forth in the offer document. Shareholders of ADVA are strongly advised to thoroughly read the offer document and all other relevant documents regarding the Offer.Furthermore, this communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. It does not constitute a prospectus or prospectus equivalent document. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.In connection with the proposed transaction between ADTRAN and ADVA, Acorn HoldCo has filed a Registration Statement on Form S-4 with the SEC, which includes (1) a proxy statement of ADTRAN that also constitutes a preliminary prospectus for Acorn HoldCo and (2) an offering prospectus of Acorn HoldCo to be used in connection with Acorn HoldCo’s offer to acquire ADVA shares held by U.S. holders. The registration statement was declared effective by the SEC on December 2, 2021 and ADTRAN has mailed the definitive proxy statement/prospectus to its stockholders in connection with the vote to approve the merger of ADTRAN and a wholly-owned subsidiary of Acorn HoldCo. Acorn HoldCo has also filed the Offer Document with BaFin, the publication of which has been approved by BaFin and which has been published. The consummation of any transaction is subject to regulatory approvals and other customary closing conditions. **INVESTORS AND SECURITY HOLDERS OF ADTRAN AND ADVA ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, THE OFFER DOCUMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. **The Offer is exclusively subject to the laws of the Federal Republic of Germany and certain applicable provisions of securities laws of the United States of America. Any agreement that is entered into as a result of accepting the Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.Investors and security holders may obtain free copies of the definitive proxy statement/prospectus and other documents filed with the SEC by ADTRAN and Acorn HoldCo through the website maintained by the SEC at [https://www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=2&md5=6a37301ecccbcc4517eb5864b8d501df). Copies of the documents filed with the SEC by ADTRAN will be available free of charge at [https://investors.adtran.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.adtran.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Finvestors.adtran.com&index=3&md5=2446d614e18a044eebcdf8f7e106b65d) and under the heading “SEC Filings”. Furthermore, the German language version of the offer document has been published by way of announcement on the internet at [https://acorn-offer.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Facorn-offer.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Facorn-offer.com&index=4&md5=386a73f0d2647cd893eb905df6f37873) and by keeping available copies free of charge at the settlement agent. A copy of the non-binding English translation of the offer document, which has not been reviewed by BaFin, may also be obtained on the internet at [https://acorn-offer.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Facorn-offer.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Facorn-offer.com&index=5&md5=85094579d42417e7516077dfbc8e06ea). **Cautionary Note Regarding Forward-Looking Statements** This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond ADTRAN and ADVA’s control.These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed business combination, integration plans and expected synergies, and anticipated future growth, financial and operating performance and results. Forward-looking statements involve risks and uncertainties that may cause actual results to be materially different from the results predicted or expected. No assurance can be given that these forward-looking statements will prove accurate and correct, or that projected or anticipated future results will be achieved. Factors that could cause actual results to differ materially from those indicated in any forward looking statement include, but are not limited to: the expected timing and likelihood of the completion of the contemplated business combination, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the contemplated business combination that could reduce anticipated benefits or cause the parties to abandon the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination agreement; the ability to successfully complete the proposed business combination; regulatory or other limitations imposed as a result of the proposed business combination; the success of the business following the proposed business combination; the ability to successfully integrate the ADTRAN and ADVA businesses; the risk that the parties may not be able to satisfy the conditions to closing of the proposed business combination in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed business combination; the risk that the publicity surrounding or consummation of the proposed business combination could have adverse effects on the market price of ADTRAN’s common stock or ADVA’s common shares or the ability of ADTRAN and ADVA to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that Acorn HoldCo may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that ADTRAN, ADVA or the post-combination company may not be able to effectively compete, including through product improvements and development; and such other factors as are set forth in ADVA’s annual and interim financial reports made publicly available and ADTRAN’s and Acorn HoldCo’s public filings made with the SEC from time to time, including but not limited to those described under the headings “Risk Factors” and “Forward-Looking Statements” in ADTRAN’s Form 10-K for the fiscal year ended December 31, 2020 and ADTRAN’s Form 10-Q for the quarterly period ended September 30, 2021, which are available via the SEC’s website at [https://www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=6&md5=f8a10c2244b4ab35a1e453decda48e63).The foregoing list of risk factors is not exhaustive. These risks, as well as other risks associated with the contemplated business combination, are more fully discussed in the proxy statement/prospectus and the offering prospectus that are included in the Registration Statement on Form S-4 that has been filed by Acorn HoldCo with the SEC and in the Offer Document that has been filed by Acorn HoldCo with BaFin and that has been published in connection with the contemplated business combination, as well as in any prospectuses or supplements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than ADTRAN, ADVA or Acorn HoldCo has described. All such factors are difficult to predict and beyond our control. All forward-looking statements included in this document are based upon information available to ADTRAN, ADVA and Acorn HoldCo on the date hereof, and each of ADTRAN, ADVA and Acorn HoldCo disclaims and does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005510r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005510/en/](https://www.businesswire.com/news/home/20220128005510/en/) **Rhonda Lambert – Corporate Services Administrator****256-963-7450** Source: ADTRAN, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: FISI
Security: Financial Institutions, Inc.
Related Stocks/Topics: Stocks|TMP
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 32.3
Stock Price 2 days before: 32.8481
Stock Price 1 day before: 32.2814
Stock Price at release: 31.8248
Risk-Free Rate at release: 0.0004
| 32.0222 |
Broader Economic Information:
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend
Article: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Consumer Sector Update for 01/28/2022: COLM, OLPX, VFC
Article: Consumer stocks were trending higher in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) gaining 0.2%, paring most of its morning slide, while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7%. In company news, Columbia Sportswear ([COLM](https://www.nasdaq.com/market-activity/stocks/COLM))) rose 2.1% after Seaport Global Friday raised its investment call for the company to buy from neutral and setting a $120 price target. Olaplex ([OLPX](https://www.nasdaq.com/market-activity/stocks/OLPX))) rose 2.3% after Arcaea said Olaplex made an unspecified investment in the cosmetics startup late last year as part of a new partnership working to develop new haircare products. VF ([VFC](https://www.nasdaq.com/market-activity/stocks/VFC))) tumbled 5.5% after the branded apparel company cut its FY22 revenue outlook, now expecting around $11.85 billion in sales for the 12 months through December, down from its prior forecast looking for $12 billion in sales this year. The Street is at $11.95 billion, according to Capital IQ.
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: What Kind Of Investors Own Most Of VAALCO Energy, Inc. (NYSE:EGY)?
Article: Every investor in VAALCO Energy, Inc. (NYSE:EGY) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.With a market capitalization of US$245m, VAALCO Energy is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about VAALCO Energy. [ownership-breakdown](https://images.simplywall.st/asset/chart/416628-ownership-breakdown-1-dark/1643368854798) NYSE:EGY Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About VAALCO Energy?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. VAALCO Energy already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of VAALCO Energy, (below). Of course, keep in mind that there are other factors to consider, too.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/416628-earnings-and-revenue-growth-1-dark/1643368858831) NYSE:EGY Earnings and Revenue Growth January 28th 2022Our data indicates that hedge funds own 5.4% of VAALCO Energy. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Tieton Capital Management, LLC is currently the largest shareholder, with 5.6% of shares outstanding. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 5.1% by the third-largest shareholder. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of VAALCO Energy** The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can see that insiders own shares in VAALCO Energy, Inc.. As individuals, the insiders collectively own US$14m worth of the US$245m company. This shows at least some alignment. You can [click here to see if those insiders have been buying or selling.](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** The general public, mostly comprising of individual investors, collectively holds 58% of VAALCO Energy shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that [VAALCO Energy is showing 5 warning signs in our investment analysis ](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary), and 2 of those shouldn't be ignored... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this **free** [report on analyst forecasts](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg1OToyMTQzMGFiZjk5MDE0OGVm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Esperion Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
Article: ANN ARBOR, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced that, on January 27, 2022, the Compensation Committee of Esperion’s Board of Directors granted four new employees (i) non-qualified stock options to purchase an aggregate of 100,450 shares of its common stock, all of which were granted to Benjamin Looker, Esq., the Company’s newly appointed General Counsel, and (ii) 204,771 restricted stock units (RSUs), 70,800 of which were awarded to Mr. Looker, under Esperion’s 2017 Inducement Equity Incentive Plan. The 2017 Inducement Equity Incentive Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Esperion (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Esperion, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The options have an exercise price of $3.65 per share, which is equal to the closing price of Esperion's common stock on January 27, 2022. Each option and RSU will vest and become exercisable as to twenty-five percent of the shares on the one-year anniversary of the recipient’s vesting commencement date, and will vest and become exercisable as to the remaining 75 percent of the shares in twelve equal quarterly installments at the end of each quarter following such anniversary, in each case, subject to each such employee's continued employment with Esperion on such vesting dates. The options and RSUs are subject to the terms and conditions of Esperion’s 2017 Inducement Equity Incentive Plan, and the terms and conditions of the stock option and RSU agreement covering the grant. **Esperion Therapeutics** Esperion works hard to make our medicines easy to get, easy to take and easy to have. We discover, develop and commercialize innovative medicines and combinations to lower cholesterol, especially for patients whose needs aren’t being met by the status quo. Our entrepreneurial team of industry leaders is inclusive, passionate and resourceful. We are singularly focused on managing cholesterol so you can improve your health easily. Esperion commercializes NEXLETOL® (bempedoic acid) and NEXLIZET® (bempedoic acid and ezetimibe) Tablets and is the leader in the development of convenient oral, once-daily non-statin LDL-cholesterol lowering drugs for patients with high levels of bad cholesterol. For more information, please visit [www.esperion.com](http://www.esperion.com/) and follow us on Twitter at [www.twitter.com/EsperionInc](http://www.twitter.com/EsperionInc). Contact:Ben Church [[email protected]](https://www.globenewswire.com/Tracker?data=6sKfpNN4yE7HC4PotuRHvwCHDBspLlLbyA9zXiuDyOawPFpBjohz071zuaG2NCnKwTt1W9x-Mn1AmiozZZlwmImqPGevBpkckmca73IB7Zw=) 734-864-6774 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI3NCM0Njk5MzQ3IzIwMDcxNDE=) [Image](https://ml.globenewswire.com/media/NDdhNDRlYTktNjBkNS00Nzg3LWIyMTMtNTIwMzY3NzdjYWM2LTEwMTg3MTQ=/tiny/Esperion-Therapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/6af55bc4-856a-4007-b242-baeb422ba7e7) Source: Esperion Therapeutics, Inc.
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)
Article: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: NRIM
Security: Northrim BanCorp, Inc.
Related Stocks/Topics: Stocks|BXMT
Title: Northrim BanCorp (NRIM) Misses Q4 Earnings and Revenue Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Northrim BanCorp (NRIM) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.07%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $1.44 per share when it actually produced earnings of $1.42, delivering a surprise of -1.39%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $31.29 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 3.44%. This compares to year-ago revenues of $36.96 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Northrim shares have added about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Northrim?**While Northrim has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/NRIM/earnings-calendar), the estimate revisions trend for Northrim: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $29.8 million in revenues for the coming quarter and $3.66 on $117.5 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, Blackstone Mortgage Trust (BXMT), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 9.This real estate finance company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Blackstone Mortgage Trust's revenues are expected to be $124.37 million, up 13.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Northrim BanCorp Inc (NRIM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=NRIM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Blackstone Mortgage Trust, Inc. (BXMT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BXMT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859361/northrim-bancorp-nrim-misses-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 43.1412
Stock Price 2 days before: 44.6203
Stock Price 1 day before: 44.3212
Stock Price at release: 43.5448
Risk-Free Rate at release: 0.0004
| 43.3252 |
Broader Economic Information:
Date: 2022-01-28
Title: First Week of April 14th Options Trading For Vir Biotechnology
Article: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: SSR Mining Reports Fatal Vehicle Accident Near Puna
Article: DENVER, Jan. 28, 2022 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") regrets to report a fatal vehicle accident involving an employee of the Company. The accident occurred on a public road 20 kilometers southeast of the Chinchillas mine site in Jujuy Province, Argentina at approximately 5:30 p.m. local time on January 26th, 2022. The accident involved a vehicle contracted to transport mine personnel. Three additional occupants were rescued by local police, including two SSR Mining team members who have returned home while the vehicle's driver is being cared for at the mine. Local police have started their investigation into the incident. "We are saddened by the loss of one of our employees in this tragic event near the Puna mine. On behalf of SSR Mining, we extend our most sincere condolences to the individual's family, friends, and colleagues," said Rod Antal, President & CEO of SSR Mining. SSR Mining is working to ensure the families of the those impacted in this tragic accident will receive the necessary support and assistance during this difficult time. SSR Mining will also provide support and counselling to assist employees and contractors at the Puna mine. Operations at Puna have been temporarily paused. **About SSR Mining** SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, the four operating assets produced approximately 711,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX. **SSRMining Contacts** F. EdwardFarid, Executive Vice President, Chief Corporate Development OfficerAlexHunchak, Director, Corporate Development and Investor Relations SSRMining Inc.E-Mail: [[email protected]](mailto:[email protected]) Phone: +1 (416) 306-5789 To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at [www.ssrmining.com](https://c212.net/c/link/?t=0&l=en&o=3426983-1&h=2211861713&u=http%3A%2F%2Fwww.ssrmining.com%2F&a=www.ssrmining.com). [Cision](https://c212.net/c/img/favicon.png?sn=TO45224&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html](https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html) SOURCE SSR Mining Inc.
Date: 2022-01-28
Title: Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold
Article: Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.For instance, [fintech companies](https://www.fool.com/investing/stock-market/market-sectors/financials/fintech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) like **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst) and **Riskified** [(NYSE: RSKD)](https://www.nasdaq.com/market-activity/stocks/rskd) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology. Here's what you should know. [A person cheering in front of a laptop computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fcomputer-2.jpg&w=700) Image source: Getty Images. **1. Upstart Holdings** According to Upstart, 80% of Americans have never defaulted on a loan, yet only 48% qualify for the lowest interest rates banks offer. Management believes that discrepancy stems from a lack of data. Specifically, many of the most sophisticated credit models incorporate just 30 variables, so lenders determine loan eligibility and set interest rates based on very little information. In turn, some applicants are mistakenly approved, and others are mistakenly rejected, which means the creditworthy borrowers end up subsidizing those who default.To solve that problem, Upstart leans on big data and AI. Its platform captures over 1,600 data points per applicant then measures those variables against past repayment events to quantify risk. To that end, internal studies have shown that Upstart's AI can cut loss rates by 75% while keeping approval rates constant, or it can boost approval rates by 173% while keeping loss rates constant. Either way you measure it, that's good news for lenders.Not surprisingly, Upstart has seen strong demand. Since its IPO in December 2020, the number of banks and credit unions using its technology has tripled. Likewise, revenue skyrocketed 250% to $228 million in the most recent quarter, and net income jumped 200% to $29.1 million. Upstart is well-positioned to maintain that momentum.In October 2021, the company launched Upstart Auto Retail, an e-commerce platform for car dealerships. It allows consumers to find vehicles, check out online, and access AI-powered auto loans. So far, seven banks and 291 dealerships have adopted the product. Currently, management puts its market opportunity at $753 billion, a figure that includes all personal loans and auto loans originated in the U.S. over a 12-month period. To put that number in context, Upstart powered $8.9 billion in loans over the past year -- less than 2% of its addressable market. Moreover, Upstart can enter other markets in the future, such as student loans and mortgages. That's why this [growth stock](https://www.fool.com/investing/2022/01/19/want-137-to-199-upside-2-growth-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) looks like a smart way to invest in AI. [A person holding a credit card while browsing on a computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fpayments-2.jpg&w=700) Image source: Getty Images. **2. Riskified** Riskified is a fintech company that specializes in e-commerce fraud prevention. Legacy risk-management platforms tend to be costly and inaccurate, so valid transactions are frequently rejected, and fraudulent ones are often approved. Lost revenue due to false declines hit $443 billion in the U.S. in 2021, and fraud-related losses are expected to reach $25 billion by 2024.To fix those problems, Riskified leans on big data and AI. Compared to legacy solutions, its platform integrates more deeply with its clients' infrastructure, gathering data across any system that tracks transactions or website interactions. The company then [uses AI](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) to analyze those variables and quantify the risk of fraud, allowing it to automate the approval or denial process with 99.8% accuracy.Across its clientele -- which range from large enterprises like **Wayfair** to small businesses powered by **Shopify** -- Riskified boosts sales by approving more transactions than legacy solutions, and it reduces expenses by blocking illegitimate charges. On average, Riskified's 10-largest merchants have seen revenue rise by 8%, and fraud-related expenses fall by 39%. That's a compelling value proposition. Financially, Riskified's performance has been solid on the top line. Gross merchandise volume rose 28% to $20.9 billion in the third quarter, and revenue jumped 26% to $52.5 million. However, the company's [gross margin](https://www.fool.com/investing/how-to-invest/stocks/gross-margin/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) fell seven percentage points to 46%, due primarily to a sharp increase in chargeback expenses. To clarify, Riskified eats the cost of any fraudulent transactions that slip by its AI, categorizing those costs as chargeback expenses. In other words, Riskified's falling gross margin could be a sign that its AI models aren't working as intended.However, management provided an alternative explanation, calling attention to several new merchants in new industries. Put another way, Riskified's AI models faltered because the company lacks sufficient data in those markets, so the problem should resolve itself in time. Investors should watch this situation closely. If the company's gross margin is still falling a few quarters down the road, it might be time to sell.Alternatively, if Riskified's AI models improve with more data and gross profit growth accelerates, this $1 billion company could easily grow tenfold (or even a hundredfold) in the long run. **10 stocks we like better than Upstart Holdings, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) for investors to buy right now... and Upstart Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Shopify. The Motley Fool owns and recommends Riskified Ltd., Shopify, and Upstart Holdings, Inc. The Motley Fool recommends Wayfair and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Monro Inc Shares Fall 4.3% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 4.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 8.5% year-to-date, down 4.6% over the past 12 months, and down 2.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 203.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 11.8% - The company's stock price performance over the past 12 months lags the peer average by -115.0% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 185.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: OPKO Health (OPK) Dips More Than Broader Markets: What You Should Know
Article: OPKO Health (OPK) closed the most recent trading day at $2.87, moving -1.37% from the previous trading session. This change lagged the S&P 500's 0.54% loss on the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.Coming into today, shares of the holding company with investments in pharmaceutical and diagnostics companies had lost 41.57% in the past month. In that same time, the Medical sector lost 12.54%, while the S&P 500 lost 7.87%. OPKO Health will be looking to display strength as it nears its next earnings release. On that day, OPKO Health is projected to report earnings of -$0.03 per share, which would represent a year-over-year decline of 160%. Our most recent consensus estimate is calling for quarterly revenue of $334.6 million, down 32.35% from the year-ago period.Any recent changes to analyst estimates for OPKO Health should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 109.09% lower. OPKO Health is currently a Zacks Rank #3 (Hold).The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow OPK in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [OPKO Health, Inc. (OPK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=OPK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858741/opko-health-opk-dips-more-than-broader-markets-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Date: 2022-01-28
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Date: 2022-01-28
Title: Interesting PTON Put And Call Options For March 11th
Article: Investors in Peloton Interactive Inc (Symbol: PTON) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the PTON options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $20.00 strike price has a current bid of $1.66. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.00, but will also collect the premium, putting the cost basis of the shares at $18.34 (before broker commissions). To an investor already interested in purchasing shares of PTON, that could represent an attractive alternative to paying $23.37/share today. Because the $20.00 strike represents an approximate 14% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=PTON&month=20220311&type=put&contract=20.00). Should the contract expire worthless, the premium would represent a 8.30% return on the cash commitment, or 72.13% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Peloton Interactive Inc, and highlighting in green where the $20.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $24.00 strike price has a current bid of $2.92. If an investor was to purchase shares of PTON stock at the current price level of $23.37/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $24.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.19% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if PTON shares really soar, which is why looking at the trailing twelve month trading history for Peloton Interactive Inc, as well as studying the business fundamentals becomes important. Below is a chart showing PTON's trailing twelve month trading history, with the $24.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $24.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=PTON&month=20220311&type=call&contract=24.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 12.49% boost of extra return to the investor, or 108.58% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 115%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $23.37) to be 86%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of Stocks with Recent Secondaries »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-stocks-with-recent-secondaries/)
Date: 2022-01-28
Title: First Commonwealth Financial Corporation (NYSE:FCF) Analysts Are Pretty Bullish On The Stock After Recent Results
Article: **First Commonwealth Financial Corporation** (NYSE:FCF) came out with its full-year results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. The result was positive overall - although revenues of US$386m were in line with what the analysts predicted, First Commonwealth Financial surprised by delivering a statutory profit of US$1.44 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/323780-earnings-and-revenue-growth-1-dark/1643365100467) NYSE:FCF Earnings and Revenue Growth January 28th 2022Taking into account the latest results, First Commonwealth Financial's six analysts currently expect revenues in 2022 to be US$390.2m, approximately in line with the last 12 months. Statutory earnings per share are expected to fall 13% to US$1.28 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$391.2m and earnings per share (EPS) of US$1.27 in 2022. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. The consensus price target rose 7.8% to US$18.50despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of First Commonwealth Financial's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on First Commonwealth Financial, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$15.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that First Commonwealth Financial's revenue growth is expected to slow, with the forecast 1.0% annualised growth rate until the end of 2022 being well below the historical 5.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.9% per year. Factoring in the forecast slowdown in growth, it seems obvious that First Commonwealth Financial is also expected to grow slower than other industry participants. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that First Commonwealth Financial's revenues are expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for First Commonwealth Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) You should always think about risks though. Case in point, we've spotted [1 warning sign for First Commonwealth Financial ](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYyOTpiYTU3ZWExMDJhZjEzMGQz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Why Enphase, Plug Power, and Bloom Energy Stocks Popped
Article: **What happened** [Renewable energy stocks](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46) are in the green as the trading week winds down Friday.As of 12:15 p.m. ET, shares of solar power play **Enphase Energy** [(NASDAQ: ENPH)](https://www.nasdaq.com/market-activity/stocks/enph) are getting a 2.6% lift from some positive sentiment on Wall Street, where investment bank **Citigroup** has just lowered the stock's price target by 20% -- but nevertheless valued Enphase shares at $205 apiece. Despite this being technically bad news (because of the price target cut), investors may be taking it as good news -- because if Citi is correct, there could still be 69% upside in Enphase stock. Meanwhile, fuel cell plays **Bloom** **Energy** [(NYSE: BE)](https://www.nasdaq.com/market-activity/stocks/be) and **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are up 2% and 2.7%, respectively, on some good PR from the PRC. [Red map of China with a rising green stock arrow superimposed.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663550%2Fred-map-of-china-with-a-rising-green-stock-arrow-superimposed.jpg&w=700) Image source: Getty Images. **So what** PRC. That's the "People's Republic of China," you see. And as Bloomberg advised last night, both Bloom and Plug are due to get some free publicity from China next week when the Winter Olympics begin in Beijing.The 2022 Winter Olympics will employ "600 fuel cell vehicles" in and around the Chinese capital, in a globally televised demonstration "of China's efforts to decarbonize its transportation sector," reports Bloomberg. And the fuel for these fuel cell vehicles will come from a Chinese "power-to-hydrogen electrolyzer facility" co-owned by **Shell**, that is "one of the world's largest green hydrogen plants."**Now what** This is good news for fuel cell stocks in two ways. First, and most obviously, getting free advertising at one of the world's most high-profile sporting events is a windfall bit of good luck for the fuel cell industry, which has been plagued by [years upon years of financial losses](https://www.fool.com/investing/2022/01/26/why-plug-power-stock-popped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46) that no amount of revenue growth has seemingly been able to alleviate. But second, as Bloomberg observes, while China may have one of the world's biggest green hydrogen plants, it turns out that it still doesn't produce enough hydrogen to fuel even just 600 fuel cell vehicles. Fact is, this "joint venture will supply [only] half of the green hydrogen used for electric vehicles that run on fuel cells during Olympic events in the region," Shell said. And this fact may highlight the need for dramatic increases in the amount of hydrogen being produced in order for fuel cell vehicles to have a chance of taking off, encouraging investors to seek out investment opportunities in hydrogen production specifically.And which fuel cell companies are best known for their investments in green hydrogen production?Funny you should ask. Their names are [Plug Power and Bloom Energy](https://www.fool.com/investing/2020/10/09/why-hydrogen-fuel-cell-stocks-popped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46). **10 stocks we like better than Enphase Energy, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=41bb7a1b-bc5e-4f98-a1a1-bbfacdd19af7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DEnphase%2520Energy%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46) for investors to buy right now... and Enphase Energy, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=41bb7a1b-bc5e-4f98-a1a1-bbfacdd19af7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DEnphase%2520Energy%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46)*Stock Advisor returns as of January 10, 2022 Citigroup is an advertising partner of The Ascent, a Motley Fool company. [Rich Smith](https://boards.fool.com/profile/TMFDitty/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Symbol: CCRN
Security: Cross Country Healthcare, Inc.
Related Stocks/Topics: Stocks
Title: Why the Earnings Surprise Streak Could Continue for Cross Country (CCRN)
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Cross Country Healthcare (CCRN). This company, which is in the Zacks Staffing Firms industry, shows potential for another earnings beat.When looking at the last two reports, this provider of health care staffing and workforce management services has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 45.89%, on average, in the last two quarters. For the most recent quarter, Cross Country was expected to post earnings of $0.35 per share, but it reported $0.61 per share instead, representing a surprise of 74.29%. For the previous quarter, the consensus estimate was $0.40 per share, while it actually produced $0.47 per share, a surprise of 17.50%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/CCRN.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Cross Country lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/CCRN/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Cross Country currently has an Earnings ESP of +76.47%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859228) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859228) [Cross Country Healthcare, Inc. (CCRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CCRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859228) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859228/why-the-earnings-surprise-streak-could-continue-for-cross-country-ccrn?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859228) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 17.7968
Stock Price 2 days before: 18.35
Stock Price 1 day before: 19.2297
Stock Price at release: 19.4172
Risk-Free Rate at release: 0.0004
| 22.4785 |
Broader Economic Information:
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=57619ff3-a625-495c-85d4-2d529775d4e2&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOceanFirst%2520Financial&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) for investors to buy right now... and OceanFirst Financial wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=57619ff3-a625-495c-85d4-2d529775d4e2&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOceanFirst%2520Financial&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)*Stock Advisor returns as of January 10, 2022**Christopher Maher** -- Chairman and Chief Executive OfficerThank you, Jill. And good morning to all who have been able to join our fourth quarter 2021 [earnings conference call](https://www.nasdaq.com/market-activity/earnings) today. This morning I'm joined by our president, Joe Lebel; and chief financial officer, Mike Fitzpatrick. As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Community West Bancshares Reports Fourth Quarter Earnings of $2.9 Million, or $0.33 Per Diluted Share, and Record Net Income of $13.1 Million, or $1.50 Per Diluted Share, for the Year; Declares Quarterly Cash Dividend of $0.07 Per Common Share
Article: GOLETA, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), today reported net income increased 10.2% to $2.9 million, or $0.33 per diluted share, for the fourth quarter, compared to $2.6 million, or $0.31 diluted share, for the fourth quarter of 2020, and decreased compared to $3.6 million, or $0.41 per diluted share, for the third quarter of 2021. For the full year 2021, the Company reported record net income of $13.1 million, or $1.50 per diluted share, an increase of 58.9% compared to $8.2 million, or $0.97 per diluted share, for the full year 2020. “We delivered excellent fourth quarter and full year 2021 financial results, highlighted by strong organic loan growth, record loan production, and solid revenue growth,” stated Martin E. Plourd, Chief Executive Officer. “The continued success of our outreach to new and existing clients during the quarter generated increased income and had a meaningful impact on loan generation with new loan commitments of $41.6 million in 4Q21 to offset SBA PPP loan forgiveness of $14.8 million. We continue to focus on deploying excess liquidity through increased lending activity, while closely monitoring our loan portfolio and asset quality metrics. As one of the last remaining community banks of scale along California's Central Coast, we believe we are operating from a position of strength as we enter 2022, and we will continue to work to create value for our shareholders, our clients and our communities.” **Fourth Quarter 2021 Financial Highlights:** - Net income was $2.9 million, or $0.33 per diluted share in the fourth quarter, compared to $3.6 million, or $0.41 per diluted share in third quarter, and $2.6 million, or $0.31 per diluted share in the fourth quarter of 2020. - Net interest income for the quarter was $10.7 million compared to $10.9 million in the third quarter and $9.8 million in the fourth quarter of 2020. - Provision expense for the fourth quarter was $26,000, compared to $7,000 in the prior quarter and a $44,000 negative provision in the fourth quarter of 2020. - The allowance for loan losses (“ALL”) was 1.20% of total loans held for investment at December 31, 2021, and 1.23% of total loans held for investment, excluding the $21.3 million of Paycheck Protection Program (“PPP”) loans which are 100% guaranteed by the Small Business Administration (“SBA”).* - Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, compared to $219.8 million at September 30, 2021, and $181.8 million at December 31, 2020. - Total loans increased $1.5 million to $892.1 million at December 31, 2021, compared to $890.6 million at September 30, 2021, and increased $34.5 million compared to $857.6 million at December 31, 2020. - Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. - The Bank’s Tier 1 leverage ratio was 8.56% at December 31, 2021, compared to 8.59% at September 30, 2021, and 9.29% at December 31, 2020. - Net non-accrual loans improved to $565,000 at December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. *Non GAAP **COVID-19 Pandemic and PPP loan Update** “Contributing to our success in 2021 was our continued participation in the SBA’s PPP program,” said Plourd. “As of December 31, 2021, we had 93 PPP loans totaling $21.3 million remaining on our balance sheet from both the first and second rounds of funding. During the fourth quarter of 2021, $14.8 million of the PPP loans were forgiven by the SBA. We recognized $483,000 of income in net fees related to PPP loans during the fourth quarter, compared to $1.0 million of income in net fees during the third quarter, and have $536,000 remaining in net unrecognized fees related to PPP loans that will be recognized as income through amortization or once the loans are paid off or forgiven by the SBA. As these loans are forgiven, we will use the liquidity to pursue new lending opportunities as well as focus on further reduction in funding costs.” “Our focus on delivering an exceptional client experience throughout the PPP process, from the initial loan origination to the forgiveness process, is helping bring in new clients. As of December 31, 2021, we had brought over 175 new clients to the Bank, and are already beginning to see success with developing full banking relationships with these new clients,” said William F. Filippin, President, of Community West Bank. The Company continues to closely monitor high-risk industry loans. The industries most heavily impacted include retail, healthcare, hospitality, schools and energy. The Company continues to evaluate loans related to affected industries, and at December 31, 2021, the Bank’s loans to these industries were $158.4 million, which is 17.8% of its $892.1 million loan portfolio. Of the selected industry loans, $918,000, or less than 1%, are on non-accrual at December 31, 2021, compared to $3.0 million at December 31, 2020. Also, of the selected industry loans, the classified loans are $13.4 million, or 8.5% at December 31, 2021, compared to $16.9 million or 9.4% at December 31, 2020. Additional detail by industry at December 31, 2021 is included in the table below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & \\ \hline Sectors Under Focus (Excluding PPP Loans) \\ \hline As of 12/31/21 (in thousands) & & Loans Outstanding & & $ Non-accrual & % Non-accrual & & $ Classified & % Classified & & $ Deferrals & % Deferral \\ \hline Healthcare & $ & 50,126 & $ & - & 0.00 & % & $ & 1,995 & 3.98 & % & $ & - & 0.00 & % \\ \hline Senior/Assted Living Facilities & & 23,505 & & - & 0.00 & % & & & 0.00 & % & & - & 0.00 & % \\ \hline Medical Offices & & 16,769 & & - & 0.00 & % & & 233 & 1.39 & % & & - & 0.00 & % \\ \hline General Healthcare & & 9,852 & & - & 0.00 & % & & 1,762 & 17.88 & % & & - & 0.00 & % \\ \hline Hospitality & & 49,392 & & 918 & 1.86 & % & & 3,567 & 7.22 & % & & - & 0.00 & % \\ \hline Lodging & & 40,936 & & - & 0.00 & % & & 2,486 & 6.07 & % & & - & 0.00 & % \\ \hline Restaurants & & 8,456 & & 918 & 10.86 & % & & 1,081 & 12.78 & % & & - & 0.00 & % \\ \hline Retail Commercial Real Estate & 45,835 & & 0 & 0.00 & % & & 7,739 & 16.88 & % & & & 0.00 & % \\ \hline Retail Services & & 11,870 & & 0 & 0.00 & % & & 1 & 0.01 & % & & - & 0.00 & % \\ \hline Schools & & 1,115 & & 0 & 0.00 & % & & - & 0.00 & % & & - & 0.00 & % \\ \hline Energy & & 85 & & 0 & 0.00 & % & & 85 & 100.00 & % & & - & 0.00 & % \\ \hline Total & $ & 158,423 & $ & 918 & 0.58 & % & $ & 13,387 & 8.45 & % & $ & - & 0.00 & % \\ \hline \end{table} **Income Statement** Net interest income totaled $10.7 million in fourth quarter, compared to $10.9 million in third quarter, and $9.8 million in the fourth quarter of 2020. For the full year 2021, net interest income increased 15.8% to $42.4 million, compared to $36.6 million in 2020. Net interest margin was 3.77% for fourth quarter, a 20-basis point contraction compared to the third quarter, and a 36-basis point contraction compared to fourth quarter of 2020. “Despite a 10-basis point benefit from PPP loan payoffs for the fourth quarter of 2021, net interest margin was negatively impacted by excess balance sheet liquidity,” said Richard Pimentel, Chief Financial Officer. The cost of funds for the fourth quarter decreased 5-basis points to 0.31%, compared to 0.36% for the third quarter, and improved by 23-basis points compared to 0.54% for the fourth quarter of 2020. PPP loans included fees accounted for 10 basis points of net interest margin for the fourth quarter compared to 25-basis points in the third quarter, and 6 basis points in the fourth quarter of 2020. For the year 2021, the net interest margin expanded 14-basis points to 4.03%, compared to 3.89% for 2020. Income from PPP loans contributed 13-basis points to the net interest margin in 2021 compared to 6-basis points in 2020. Non-interest income totaled $944,000 in fourth quarter, compared to $1.0 million in third quarter, and $970,000 in fourth quarter of 2020. The decrease in the fourth quarter was primarily due to lower loan fees, servicing revenues and less revenue from loan sales. Other loan fees were $343,000 for the fourth quarter, compared to $383,000 in the third quarter and $383,000 in the fourth quarter of 2020. Gain on sale of loans was $109,000 in fourth quarter, compared to $118,000 in the third quarter and $209,000 in fourth quarter of 2020. Non-interest income was $3.8 million for the year 2021, compared to $3.9 million for the year 2020, with the decrease during the year largely due to a reduction in loan fees and lower gain on sale of loans partially offset by an increase in other income related to increases in serving revenue and fair value adjustments on investments held at fair value. Non-interest expense totaled $7.6 million in fourth quarter, compared to $6.9 million in third quarter, and $7.1 million in fourth quarter of 2020. The Company’s efficiency ratio was 65.23% for fourth quarter, compared to 57.31% for third quarter, and 65.68% for the fourth quarter of 2020. For the full year 2021, non-interest expense was $28.0 million, compared to $27.5 million in 2020. The Company continues to focus on expense control and gaining efficiencies through use of technology and process improvement. The efficiency ratio for the full year 2021 was 60.69% compared to 67.96% for the full year 2020. **Balance Sheet** Total assets increased $21.5 million, or 1.9%, to $1.16 billion at December 31, 2021, compared to $1.14 billion, at September 30, 2021, and increased $181.6 million, or 18.6%, compared to $975.4 million, at December 31, 2020. Total loans increased by $1.5 million, to $892.1 million at December 31, 2021, compared to $890.6 million, at September 30, 2021, and increased $34.5 million, or 4.0%, compared to $857.6 million, at December 31, 2020. Total loans, excluding PPP loans, increased $16.3 million during the quarter, or 1.9%, and increased $82.7 million, or 10.5%, compared to December 31, 2020. Commercial real estate loans outstanding (which include SBA 504, construction and land) were up 19.6% from year ago levels to $480.8 million at December 31, 2021, and comprise 53.9% of the total loan portfolio. Manufactured housing loans were up 6.1% from year ago levels to $297.4 million and represent 33.3% of total loans. PPP loans were $21.3 million at December 31, 2021, and represent 2.4% of total loans, down from $36.1 million at September 30, 2021, and $69.5 million at December 31, 2020. Commercial loans (which include agriculture loans) were down 10.4% from year ago levels to $72.4 million and represent 8.1% of the total loan portfolio. Total deposits increased $18.2 million, or 2.0%, to $950.1 million at December 31, 2021, compared to $931.9 million at September 30, 2021, and increased $183.9 million, or 24.0%, compared to $766.2 million at December 31, 2020. Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, a $9.9 million decrease compared to $219.8 million at September 30, 2021, and a $28.1 million increase compared to $181.8 million at December 31, 2020. Interest-bearing demand deposits increased $29.5 million to $537.5 million at December 31, 2021, compared to $508.0 million at September 30, 2021, and increased $139.4 million compared to $398.1 million at December 31, 2020. Certificates of deposit, which include brokered deposits, decreased $3.8 million during the quarter to $179.1 million at December 31, 2021, compared to $182.9 million at September 30, 2021, and increased $11.5 million compared to $167.5 million at December 31, 2020. Stockholders’ equity increased to $101.4 million at December 31, 2021, compared to $98.8 million at September 30, 2021, and $89.0 million at December 31, 2020. Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. **Credit Quality** “Credit quality metrics improved during the quarter, with a substantial decrease in net-nonaccrual loans,” said Plourd. “We continue to closely monitor our loan portfolio and have elevated credit monitoring structures in place. Our disciplined approach of managing potential problem loans early has helped to keep us from incurring losses. This conservative loan grading system is a strategy that we put in place years ago and is reflective in our historic low loss ratio.” At December 31, 2021, asset quality reflected improvement due to positive loan risk rating migrations during the fourth quarter. Total classified loans decreased year-over-year due to proactive risk rating of loans showing signs of financial stress during the pandemic, while net non-accrual loans also decreased year over year. All loans rated “Watch” or worse are monitored monthly and proactive measures are taken when any signs of deterioration to the credit are discovered. The Company recorded a provision expense of $26,000 in the fourth quarter compared to a provision expense of $7,000 in third quarter and a negative provision expense of $44,000 in the fourth quarter of 2020. The allowance for credit losses, including the reserve for undisbursed loans, was $10.5 million, or 1.20% of total loans held for investment, at December 31, 2021, and 1.23% of total loans held for investment excluding PPP loans. Net non-accrual loans, plus net other assets acquired through foreclosure, decreased 28.5% to $3.1 million at December 31, 2021, compared to $4.3 million at September 30, 2021, and decreased 50.9% compared to $6.3 million at December 31, 2020. There was $565,000 in net non-accrual loans as of December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. Of the $565,000 of net non-accrual loans at December 31, 2021, $1,000 were SBA 504 loans, $306,000 were manufactured housing loans, and $258,000 were single family real estate loans. There was $2.5 million in other assets acquired through foreclosure as of December 31, 2021, compared to $2.6 million at September 30, 2021, and at December 31, 2020. The majority of this balance relates to one property in the amount of $2.3 million. **Cash Dividend Declared** The Company’s Board of Directors declared a quarterly cash dividend of $0.07 per common share, payable February 28, 2022 to common shareholders of record on February 11, 2022. **Stock Repurchase Program** On August 27, 2021, the Company announced that its Board of Directors had extended the stock repurchase plan until August 31, 2023. The Company did not repurchase shares during the fourth quarter of 2021, leaving $1.4 million available under the previously announced repurchase program. **Company Overview** Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, the largest publicly traded community bank serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard and Paso Robles. The principal business activities of the Company are Relationship Banking, Manufactured Housing lending and Government Guaranteed lending. **Industry Accolades** Community West was named to Piper Sandler’s Bank and Thrift Sm-All Stars – Class of 2021. This award recognized Community West as one of the top 35 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion. Community West Bank was awarded a “Super Premier Performance” rating by The Findley Reports. For 52 years, The Findley Reports has been recognizing the financial performance of banking institutions in California and the Western United States. Community West Bank is rated 5-star Superior by Bauer Financial. **Safe Harbor Disclosure** This release contains certain forward-looking statements about the Company and the Bank that are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about future financial and operational results, expectations, or intentions are forward-looking statements. Such statements reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, risks from the COVID-19 pandemic, the strength of the United States economy in general and of the local economies in which we conduct operations, the effect of, and changes in, trade, monetary and fiscal policies and laws, including changes in interest rate policies of the Board of Governors of the Federal Reserve System, inflation, weather, natural disasters, climate change, increased unemployment, deterioration in credit quality of our loan portfolio and/or the value of the collateral securing the repayment of those loans, reduction in the value of our investment securities, the costs and effects of litigation and of adverse outcomes of such litigation, the cost and ability to attract and retain key employees, a breach of our operational or security systems, policies or procedures including cyber-attacks on us or third party vendors or service providers, regulatory or legal developments, United States tax policies, including our effective income tax rate, and our ability to implement and execute our business plan and strategy and expand our operations as provided therein. Actual results may differ materially from those set forth or implied in the forward-looking statements as a result of a variety of factors including the risk factors contained in documents filed by the Company with the Securities and Exchange Commission and are available in the “Investor Relations” section of our website, [https://www.communitywest.com/sec-filings/documents/default.aspx](https://www.communitywest.com/sec-filings/documents/default.aspx). The Company is under no obligation (and expressly disclaims any obligation) to update or alter such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & \\ \hline CONDENSED CONSOLIDATED BALANCE SHEETS & & & & & & & \\ \hline (unaudited) & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & \\ \hline & & & & & & & \\ \hline & & December 31, & September 30, & & December 31, & \\ \hline & & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline & & & & & & & \\ \hline Cash and cash equivalents & & $ & 1,621 & & & $ & 2,129 & & & $ & 1,587 & & \\ \hline Interest-earning deposits in other financial institutions & & & 206,754 & & & & 184,806 & & & & 58,953 & & \\ \hline Investment securities & & & 22,773 & & & & 23,608 & & & & 22,043 & & \\ \hline Loans: & & & & & & & \\ \hline Commercial & & & 72,423 & & & & 66,713 & & & & 80,851 & & \\ \hline Commercial real estate & & & 480,801 & & & & 473,338 & & & & 402,148 & & \\ \hline SBA & & & 8,580 & & & & 9,589 & & & & 11,851 & & \\ \hline Paycheck Protection Program (PPP) & & & 21,317 & & & & 36,109 & & & & 69,542 & & \\ \hline Manufactured housing & & & 297,363 & & & & 292,476 & & & & 280,284 & & \\ \hline Single family real estate & & & 8,663 & & & & 8,659 & & & & 10,358 & & \\ \hline HELOC & & & 3,579 & & & & 3,717 & & & & 3,861 & & \\ \hline Other (1) & & & (643 & ) & & & (6 & ) & & & (1,318 & ) & \\ \hline Total loans & & & 892,083 & & & & 890,595 & & & & 857,577 & & \\ \hline & & & & & & & \\ \hline Loans, net & & & & & & & \\ \hline Held for sale & & & 23,408 & & & & 24,400 & & & & 31,229 & & \\ \hline Held for investment & & & 868,675 & & & & 866,195 & & & & 826,348 & & \\ \hline Less: Allowance for loan losses & & & (10,404 & ) & & & (10,283 & ) & & & (10,194 & ) & \\ \hline Net held for investment & & & 858,271 & & & & 855,912 & & & & 816,154 & & \\ \hline NET LOANS & & & 881,679 & & & & 880,312 & & & & 847,383 & & \\ \hline & & & & & & & \\ \hline Other assets & & & 44,225 & & & & 44,735 & & & & 45,469 & & \\ \hline & & & & & & & \\ \hline TOTAL ASSETS & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Deposits & & & & & & & \\ \hline Non-interest-bearing demand & & $ & 209,893 & & & $ & 219,826 & & & $ & 181,837 & & \\ \hline Interest-bearing demand & & & 537,508 & & & & 508,020 & & & & 398,101 & & \\ \hline Savings & & & 23,675 & & & & 21,202 & & & & 18,736 & & \\ \hline Certificates of deposit ($250,000 or more) & & & 17,612 & & & & 15,956 & & & & 30,536 & & \\ \hline Other certificates of deposit & & & 161,443 & & & & 166,938 & & & & 136,975 & & \\ \hline Total deposits & & & 950,131 & & & & 931,942 & & & & 766,185 & & \\ \hline Other borrowings & & & 90,000 & & & & 90,000 & & & & 105,000 & & \\ \hline Other liabilities & & & 15,546 & & & & 14,881 & & & & 15,243 & & \\ \hline TOTAL LIABILITIES & & & 1,055,677 & & & & 1,036,823 & & & & 886,428 & & \\ \hline & & & & & & & \\ \hline Stockholders' equity & & & 101,375 & & & & 98,767 & & & & 89,007 & & \\ \hline & & & & & & & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Common shares outstanding & & & 8,650 & & & & 8,616 & & & & 8,473 & & \\ \hline & & & & & & & \\ \hline Book value per common share & & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & \\ \hline & & & & & & & \\ \hline (1) Includes consumer, other loans, securitized loans, and deferred fees & & & & & & & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & \\ \hline & & & Three Months Ended & \\ \hline & & & December 31, & & September 30, & & June 30, & & March 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2021 & & 2021 & & 2020 & \\ \hline & & & & & & & & & & & & \\ \hline Interest income & & & & & & & & & & & & \\ \hline Loans, including fees & & & $ & 11,258 & & $ & 11,576 & & $ & 11,433 & & & $ & 10,856 & & & $ & 10,790 & & \\ \hline Investment securities and other & & & & 279 & & & 259 & & & 218 & & & & 199 & & & & 196 & & \\ \hline Total interest income & & & & 11,537 & & & 11,835 & & & 11,651 & & & & 11,055 & & & & 10,986 & & \\ \hline & & & & & & & & & & & & \\ \hline Deposits & & & & 614 & & & 708 & & & 771 & & & & 742 & & & & 815 & & \\ \hline Other borrowings & & & & 206 & & & 198 & & & 194 & & & & 271 & & & & 378 & & \\ \hline Total interest expense & & & & 820 & & & 906 & & & 965 & & & & 1,013 & & & & 1,193 & & \\ \hline Net interest income & & & & 10,717 & & & 10,929 & & & 10,686 & & & & 10,042 & & & & 9,793 & & \\ \hline Provision (credit) for loan losses & & & & 26 & & & 7 & & & (41 & ) & & & (173 & ) & & & (44 & ) & \\ \hline Net interest income after provision for loan losses & & & & 10,691 & & & 10,922 & & & 10,727 & & & & 10,215 & & & & 9,837 & & \\ \hline Non-interest income & & & & & & & & & & & & \\ \hline Other loan fees & & & & 343 & & & 383 & & & 310 & & & & 313 & & & & 383 & & \\ \hline Gains from loan sales, net & & & & 109 & & & 118 & & & 130 & & & & 118 & & & & 209 & & \\ \hline Document processing fees & & & & 123 & & & 145 & & & 138 & & & & 106 & & & & 129 & & \\ \hline Service charges & & & & 84 & & & 77 & & & 74 & & & & 67 & & & & 83 & & \\ \hline Other & & & & 285 & & & 317 & & & 220 & & & & 293 & & & & 166 & & \\ \hline Total non-interest income & & & & 944 & & & 1,040 & & & 872 & & & & 897 & & & & 970 & & \\ \hline Non-interest expenses & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & & 4,884 & & & 4,478 & & & 4,379 & & & & 4,565 & & & & 4,594 & & \\ \hline Occupancy, net & & & & 893 & & & 802 & & & 780 & & & & 779 & & & & 751 & & \\ \hline Professional services & & & & 441 & & & 434 & & & 430 & & & & 340 & & & & 399 & & \\ \hline Data processing & & & & 251 & & & 292 & & & 332 & & & & 340 & & & & 254 & & \\ \hline Depreciation & & & & 186 & & & 191 & & & 198 & & & & 205 & & & & 202 & & \\ \hline FDIC assessment & & & & 146 & & & 127 & & & 121 & & & & 91 & & & & 165 & & \\ \hline Advertising and marketing & & & & 198 & & & 189 & & & 164 & & & & 183 & & & & 110 & & \\ \hline Stock-based compensation & & & & 129 & & & 63 & & & 58 & & & & 68 & & & & 68 & & \\ \hline Other & & & & 478 & & & 284 & & & 207 & & & & 289 & & & & 526 & & \\ \hline Total non-interest expenses & & & & 7,606 & & & 6,860 & & & 6,669 & & & & 6,860 & & & & 7,069 & & \\ \hline Income before provision for income taxes & & & & 4,029 & & & 5,102 & & & 4,930 & & & & 4,252 & & & & 3,738 & & \\ \hline Provision for income taxes & & & & 1,135 & & & 1,467 & & & 1,379 & & & & 1,231 & & & & 1,111 & & \\ \hline Net income & & & $ & 2,894 & & $ & 3,635 & & $ & 3,551 & & & $ & 3,021 & & & $ & 2,627 & & \\ \hline Earnings per share: & & & & & & & & & & & & \\ \hline Basic & & & $ & 0.34 & & $ & 0.42 & & $ & 0.42 & & & $ & 0.36 & & & $ & 0.31 & & \\ \hline Diluted & & & $ & 0.33 & & $ & 0.41 & & $ & 0.41 & & & $ & 0.35 & & & $ & 0.31 & & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & Three Months Ended & & Twelve Months Ended & \\ \hline & & December 31, & December 31, & December 31, & December 31, \\ \hline & & 2021 & & 2020 & & & 2021 & & 2020 & \\ \hline & & & & & & & & & \\ \hline Interest income & & & & & & & & & \\ \hline Loans, including fees & & $ & 11,258 & & $ & 10,790 & & & $ & 45,123 & & & $ & 42,948 & \\ \hline Investment securities and other & & & 279 & & & 196 & & & & 955 & & & & 906 & \\ \hline Total interest income & & & 11,537 & & & 10,986 & & & & 46,078 & & & & 43,854 & \\ \hline & & & & & & & & & \\ \hline Deposits & & & 614 & & & 815 & & & & 2,835 & & & & 5,483 & \\ \hline Other borrowings & & & 206 & & & 378 & & & & 869 & & & & 1,782 & \\ \hline Total interest expense & & & 820 & & & 1,193 & & & & 3,704 & & & & 7,265 & \\ \hline Net interest income & & & 10,717 & & & 9,793 & & & & 42,374 & & & & 36,589 & \\ \hline Provision (credit) for loan losses & & & 26 & & & (44 & ) & & & (181 & ) & & & 1,223 & \\ \hline Net interest income after provision for loan losses & & & 10,691 & & & 9,837 & & & & 42,555 & & & & 35,366 & \\ \hline Non-interest income & & & & & & & & & \\ \hline Other loan fees & & & 343 & & & 383 & & & & 1,349 & & & & 1,546 & \\ \hline Gains from loan sales, net & & & 109 & & & 209 & & & & 475 & & & & 920 & \\ \hline Document processing fees & & & 123 & & & 129 & & & & 512 & & & & 513 & \\ \hline Service charges & & & 84 & & & 83 & & & & 302 & & & & 354 & \\ \hline Other & & & 285 & & & 166 & & & & 1,115 & & & & 579 & \\ \hline Total non-interest income & & & 944 & & & 970 & & & & 3,753 & & & & 3,912 & \\ \hline Non-interest expenses & & & & & & & & & \\ \hline Salaries and employee benefits & & & 4,884 & & & 4,594 & & & & 18,306 & & & & 17,968 & \\ \hline Occupancy, net & & & 893 & & & 751 & & & & 3,254 & & & & 3,036 & \\ \hline Professional services & & & 441 & & & 399 & & & & 1,645 & & & & 1,801 & \\ \hline Data processing & & & 251 & & & 254 & & & & 1,215 & & & & 1,055 & \\ \hline Depreciation & & & 186 & & & 202 & & & & 780 & & & & 821 & \\ \hline FDIC assessment & & & 146 & & & 165 & & & & 485 & & & & 565 & \\ \hline Advertising and marketing & & & 198 & & & 110 & & & & 734 & & & & 673 & \\ \hline Stock-based compensation & & & 129 & & & 68 & & & & 318 & & & & 319 & \\ \hline Other & & & 478 & & & 526 & & & & 1,258 & & & & 1,285 & \\ \hline Total non-interest expenses & & & 7,606 & & & 7,069 & & & & 27,995 & & & & 27,523 & \\ \hline Income before provision for income taxes & & & 4,029 & & & 3,738 & & & & 18,313 & & & & 11,755 & \\ \hline Provision for income taxes & & & 1,135 & & & 1,111 & & & & 5,212 & & & & 3,510 & \\ \hline Net income & & $ & 2,894 & & $ & 2,627 & & & $ & 13,101 & & & $ & 8,245 & \\ \hline Earnings per share: & & & & & & & & & \\ \hline Basic & & $ & 0.34 & & $ & 0.31 & & & $ & 1.53 & & & $ & 0.97 & \\ \hline Diluted & & $ & 0.33 & & $ & 0.31 & & & $ & 1.50 & & & $ & 0.97 & \\ \hline & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ADDITIONAL FINANCIAL INFORMATION & & & & & & & & & & \\ \hline (Dollars and shares in thousands except per share amounts)(Unaudited) & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline PERFORMANCE MEASURES AND RATIOS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Return on average common equity & & 11.42 & % & & & 14.77 & % & & & 11.85 & % & & & 13.68 & % & & & 9.70 & % & \\ \hline Return on average assets & & 0.99 & % & & & 1.28 & % & & & 1.07 & % & & & 1.21 & % & & & 0.85 & % & \\ \hline Efficiency ratio & & 65.23 & % & & & 57.31 & % & & & 65.68 & % & & & 60.69 & % & & & 67.96 & % & \\ \hline Net interest margin & & 3.77 & % & & & 3.97 & % & & & 4.13 & % & & & 4.03 & % & & & 3.89 & % & \\ \hline & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline AVERAGE BALANCES & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Average assets & $ & 1,157,909 & & & $ & 1,123,598 & & & $ & 977,736 & & & $ & 1,082,560 & & & $ & 972,019 & & \\ \hline Average earning assets & & 1,126,473 & & & & 1,091,792 & & & & 944,073 & & & & 1,050,829 & & & & 940,993 & & \\ \hline Average total loans & & 888,519 & & & & 882,058 & & & & 845,620 & & & & 884,601 & & & & 831,863 & & \\ \hline Average deposits & & 950,601 & & & & 920,165 & & & & 726,223 & & & & 876,397 & & & & 730,884 & & \\ \hline Average common equity & & 100,579 & & & & 97,636 & & & & 88,171 & & & & 95,770 & & & & 85,027 & & \\ \hline & & & & & & & & & & \\ \hline EQUITY ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Total common equity & $ & 101,375 & & & $ & 98,767 & & & $ & 89,007 & & & & & & \\ \hline Common stock outstanding & & 8,650 & & & & 8,616 & & & & 8,473 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Book value per common share & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & & & & & \\ \hline & & & & & & & & & & \\ \hline ASSET QUALITY & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Nonaccrual loans, net & $ & 565 & & & $ & 1,742 & & & $ & 3,665 & & & & & & \\ \hline Nonaccrual loans, net/total loans & & 0.06% & & & & 0.20% & & & & 0.43% & & & & & & \\ \hline Other assets acquired through foreclosure, net & $ & 2,518 & & & $ & 2,572 & & & $ & 2,614 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net & $ & 3,083 & & & $ & 4,314 & & & $ & 6,279 & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net/total assets & & 0.27% & & & & 0.38% & & & & 0.64% & & & & & & \\ \hline Net loan (recoveries)/charge-offs in the quarter & $ & (96) & & & $ & (36) & & & $ & (41) & & & & & & \\ \hline Net (recoveries)/charge-offs in the quarter/total loans & & (0.01%) & & & & (0.00%) & & & & (0.00%) & & & & & & \\ \hline & & & & & & & & & & \\ \hline Allowance for loan losses & $ & 10,404 & & & $ & 10,283 & & & $ & 10,194 & & & & & & \\ \hline Plus: Reserve for undisbursed loan commitments & & 94 & & & & 106 & & & & 92 & & & & & & \\ \hline Total allowance for credit losses & $ & 10,498 & & & $ & 10,389 & & & $ & 10,286 & & & & & & \\ \hline Allowance for loan losses/total loans held for investment & & 1.20% & & & & 1.19% & & & & 1.23% & & & & & & \\ \hline Allowance for loan losses/total loans held for investment excluding PPP loans & & 1.23% & & & & 1.24% & & & & 1.35% & & & & & & \\ \hline Allowance for loan losses/nonaccrual loans, net & & 1842.50% & & & & 590.34% & & & & 278.14% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Community West Bank * & & & & & & & & & & \\ \hline Community bank leverage ratio & N/A & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 leverage ratio & & 8.56% & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 capital ratio & & 11.02% & & & & 10.93% & & & & 11.02% & & & & & & \\ \hline Total capital ratio & & 12.19% & & & & 12.11% & & & & 12.27% & & & & & & \\ \hline & & & & & & & & & & \\ \hline INTEREST SPREAD ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Yield on total loans & & 5.03% & & & & 5.21% & & & & 5.08% & & & & & & \\ \hline Yield on investments & & 2.78% & & & & 2.68% & & & & 2.46% & & & & & & \\ \hline Yield on interest earning deposits & & 0.16% & & & & 0.16% & & & & 0.15% & & & & & & \\ \hline Yield on earning assets & & 4.06% & & & & 4.30% & & & & 4.63% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Cost of interest-bearing deposits & & 0.34% & & & & 0.40% & & & & 0.60% & & & & & & \\ \hline Cost of total deposits & & 0.26% & & & & 0.31% & & & & 0.45% & & & & & & \\ \hline Cost of borrowings & & 0.91% & & & & 0.87% & & & & 1.03% & & & & & & \\ \hline Cost of interest-bearing liabilities & & 0.40% & & & & 0.45% & & & & 0.69% & & & & & & \\ \hline Cost of funds & & 0.31% & & & & 0.36% & & & & 0.54% & & & & & & \\ \hline & & & & & & & & & & \\ \hline * Capital ratios are preliminary until the Call Report is filed. & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \end{table} Contact: Richard Pimentel, EVP & CFO805.692.4410 [www.communitywestbank.com](https://www.globenewswire.com/Tracker?data=-B4WGEmcZ6KNxr2DA0bbDxeBL3dHCkBTRhDzIkAkueHAgHE4JLuoCvFieD3jzJh5V6bkkzOeO8mx_94wwEhd1tJuMZ3LdWzGIqBmpWia_Wc=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3MSM0Njk3OTAwIzIwMjY5Mjg=) [Image](https://ml.globenewswire.com/media/MTNlNjAxYzUtZTNjNC00OGE4LWE1NmUtYWI5MGQ5NTBlMjVhLTEwMzc5MTc=/tiny/Community-West-Bancshares.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/3f35e601-88c2-47ed-8232-7bcc77694726) Source: Community West Bancshares
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Broader Industry Information:
Date: 2022-01-28
Title: BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2021
Article: SANTA MONICA, Calif.--(BUSINESS WIRE)-- BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 on Thursday, February 24, 2022, prior to the opening of the financial markets.BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, February 24, 2022 to discuss its financial results.All interested parties are invited to participate in the conference call by dialing (844) 200-6205; international callers should dial (929) 526-1599. All participants should reference the access code 084035. The conference call will be webcast simultaneously in the investor relations section of TCPC’s website at [http://investors.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=http%3A%2F%2Finvestors.tcpcapital.com&index=1&md5=d3ea708d0c952c420eb3a71d404ab527). An archived replay of the call will be available approximately two hours after the live call, through March 3, 2022. For the replay, please visit [https://investors.tcpcapital.com/events-and-presentations](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.tcpcapital.com%2Fevents-and-presentations&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=https%3A%2F%2Finvestors.tcpcapital.com%2Fevents-and-presentations&index=2&md5=0b38cae18a0e43af77455808f5e462e9) or dial (866) 813-9403. For international replay, please dial (929) 458-6194. For all replays, please reference access code 971184. **ABOUT BLACKROCK TCP CAPITAL CORP.:** [BlackRock TCP Capital Corp.](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.tcpcapital.com%2F&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=BlackRock+TCP+Capital+Corp.&index=3&md5=bf8ea6ceee1d9aba3f26486b4671c620) (NASDAQ: TCPC) is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is externally managed by its advisor, a wholly owned, indirect subsidiary of BlackRock, Inc. For more information, visit [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=4&md5=2f969a41e9864ac4b167086beeec5978). **FORWARD-LOOKING STATEMENTS** Prospective investors considering an investment in BlackRock TCP Capital Corp. should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company’s filings with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.sec.gov&index=5&md5=e719c13e9279fb2074b12e8186c6b629) and the Company’s website at [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=6&md5=9dd03fd4f1f7a44a4bae31065ae691c1). Prospective investors should read these materials carefully before investing.This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in general economic conditions or changes in the conditions of the industries in which the Company makes investments, risks associated with the availability and terms of financing, changes in interest rates, availability of transactions, and regulatory changes. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the “Risk Factors” section of the Company’s Form 10-K for the year ended December 31, 2020, and the Company’s subsequent periodic filings with the SEC. Copies are available on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.sec.gov&index=7&md5=1b253bb17c18f0ecef46747f051a1ab7) and the Company’s website at [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=8&md5=2ed3b69f1bdc8613439d7d52dd3a9822). Forward-looking statements are made as of the date of this press release and are subject to change without notice. The company has no duty and does not undertake any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005091r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005091/en/](https://www.businesswire.com/news/home/20220128005091/en/) BlackRock TCP Capital Corp. Katie McGlynn 310-566-1094 [[email protected]](mailto:[email protected]) Source: BlackRock TCP Capital Corp.
Date: 2022-01-28
Title: 2 Stocks Under $100 Per Share I'd Buy Right Now Without Any Hesitation
Article: It'd be nice to have hundreds of thousands of dollars handy to start investing in stocks, but it's by no means a requirement. Investing on a budget can be highly profitable, especially if investors pick attractive stocks and regularly add to their positions.In what follows, we'll look at two stocks that are changing hands for well under $100 per share and that look attractive at current levels: **Pfizer** [(NYSE: PFE)](https://www.nasdaq.com/market-activity/stocks/pfe) and **Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc). Here's why these healthcare companies are worth more than a second look. [](https://ycharts.com/companies/PFE/chart/) Data by [YCharts](https://ycharts.com/). **1. Pfizer: $53.26 per share** Pfizer's coronavirus lineup alone will likely generate more sales than most pharmaceutical companies this year. The drugmaker projected that it would rack up about $29 billion from its COVID-19 vaccine, Comirnaty. Meanwhile, Pfizer's newly approved coronavirus medicine, Paxlovid, could generate upward of $10 billion. Here's how we know that. In November, Pfizer agreed to deliver 10 million treatment doses of Paxlovid to the U.S. government for $5.3 billion.That was before it had earned authorization from regulators. And after it got the green light, the U.S. government ordered an additional 10 million doses, and the U.K. obtained 2.5 million doses of the medicine. Based on these facts and figures, and even assuming Pfizer does not send out any additional shipments of Paxlovid, it seems reasonable to assume that the coronavirus treatment will generate something north of $10 billion this year.So, in total, Pfizer's COVID-19 lineup has the potential to rack up more than $39 billion in 2022. For context, the pharma giant generated $41.9 billion in revenue in 2020. [Patient paying for medicines at a pharmacy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-698111400.jpg&w=700) Image source: Getty Images. Pfizer has other non-coronavirus products that have sales growing at a rapid clip, too. During the third quarter, the company's revenue excluding its COVID-19 vaccine was $11.1 billion, increasing by a decent 7% compared to the year-ago period. Pfizer's anticoagulant Eliquis saw its increase soar by 21% year over year to $1.3 billion during the quarter, while cancer medicine Xtandi's revenue clocked in at $309 million, 16% higher than the prior-year quarter.Pfizer's biosimilar business racked up revenue of $576 million, 36% higher than the third quarter of 2020. The drugmaker has faced issues with its rheumatoid arthritis medicine Xeljans as regulators have updated the therapy's prescribing information to include increased risks of cancer and cardiovascular events. That probably played a role in Xeljanz's revenue decrease of 7% year over year to $610 million during the third quarter. But management thinks this medicine could return to growth this year, especially as it [keeps earning new indications](https://www.fool.com/investing/2022/01/03/pfizer-snagged-another-approval-for-this-immunolog/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4).Pfizer isn't just a coronavirus play, and the company is set to report another series of blowout financial results this year. And as Pfizer continues to [generate tons of cash](https://www.fool.com/investing/2022/01/12/3-growth-stocks-that-have-generated-179-billion-in/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4), it will help the company set itself up for the future. Pfizer ended the third quarter with $29.2 billion in free cash flow, which more than doubled compared with the year-ago period.Expect Pfizer to go shopping for exciting pipeline candidates to add to its already long list of programs. The company currently boasts several dozen ongoing clinical trials, many of which will no doubt yield new approvals. Pfizer could also decide to reward investors by way of share buybacks or growing dividends. The company currently offers a yield of 2.95% -- which compares favorably to the **S&P 500**'s 1.27%.And with a forward price-to-earnings ratio of just 9.5 -- compared with the industry's average of 13.3 -- Pfizer looks like a bargain. It is hard to find something to dislike with this [pharma stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/pharmaceutical-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4). **2. Teladoc: $68.18 per share** Teladoc's stock has lost all the outbreak-related gains it made back in 2020, and the company's shares are now trading near their pre-pandemic levels. Teladoc's trajectory resembles that of many other "pandemic stocks" that performed well -- perhaps too well -- in 2020 but ended up southbound for much of last year. Was the market's reaction justified?Here's a better question: Does Teladoc's investment thesis remain intact despite its recent struggles? In my view, the answer is a resounding yes. First, note that Teladoc has continued to record strong top-line increases and growing visits. In the third quarter, the company's revenue grew by 81% year over year to $522 million.That was on the back of a 37% year over year increase in total visits, which clocked in at 3.9 million for the quarter. True, Teladoc continues to bleed red. During the period, its net loss widened to $84.3 million, compared with the net loss of $35.9 million it reported during the year-ago period. [Adult and child in a virtual consultation with a doctor.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-1245148140.jpg&w=700) Image source: Getty Images. But it is worth noting that the company's worsening net loss was primarily due to an increase in expenses, such as amortization of intangible assets, related to the company's October 2020 acquisition of Livongo Health in a cash and stock transaction valued at $18.5 billion. According to management, the company is reinvesting cost synergies achieved through the acquisition to fuel long-term growth, which is bad for the bottom line in the short run but could more than pay off for itself in the long run. Companies at the forefront of relatively new industries with solid tailwinds often invest heavily to carve out a niche for themselves permanently.The telehealth industry will continue to grow rapidly in the coming years, especially since it provides benefits in terms of time (and money) savings to both patients and physicians. That's not to mention the convenience it offers consumers: Being able to consult a doctor from the comfort of one's home 24/7 is a pretty attractive selling point.And as one of the leaders in telemedicine with a vast network of some 50,000 clinicians, Teladoc is well-positioned to take at least a small slice of the $261 billion total addressable market in the U.S. alone. Though the red ink on the bottom line isn't ideal, Teladoc's long-term opportunities and leadership in its industry justify sticking with the company for now.While shares have been falling of late, it's impossible to know when they will hit rock bottom. After falling hard for the last 11 months, the company already looks more attractively valued than it has in the past year. That's why it's worth it to purchase its stock now while it still hovers around its 52-week low. **10 stocks we like better than Pfizer** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4) for investors to buy right now... and Pfizer wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) owns Teladoc Health. The Motley Fool owns and recommends Teladoc Health. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2021
Article: SANTA MONICA, Calif.--(BUSINESS WIRE)-- BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 on Thursday, February 24, 2022, prior to the opening of the financial markets.BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, February 24, 2022 to discuss its financial results.All interested parties are invited to participate in the conference call by dialing (844) 200-6205; international callers should dial (929) 526-1599. All participants should reference the access code 084035. The conference call will be webcast simultaneously in the investor relations section of TCPC’s website at [http://investors.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=http%3A%2F%2Finvestors.tcpcapital.com&index=1&md5=d3ea708d0c952c420eb3a71d404ab527). An archived replay of the call will be available approximately two hours after the live call, through March 3, 2022. For the replay, please visit [https://investors.tcpcapital.com/events-and-presentations](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.tcpcapital.com%2Fevents-and-presentations&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=https%3A%2F%2Finvestors.tcpcapital.com%2Fevents-and-presentations&index=2&md5=0b38cae18a0e43af77455808f5e462e9) or dial (866) 813-9403. For international replay, please dial (929) 458-6194. For all replays, please reference access code 971184. **ABOUT BLACKROCK TCP CAPITAL CORP.:** [BlackRock TCP Capital Corp.](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.tcpcapital.com%2F&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=BlackRock+TCP+Capital+Corp.&index=3&md5=bf8ea6ceee1d9aba3f26486b4671c620) (NASDAQ: TCPC) is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is externally managed by its advisor, a wholly owned, indirect subsidiary of BlackRock, Inc. For more information, visit [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=4&md5=2f969a41e9864ac4b167086beeec5978). **FORWARD-LOOKING STATEMENTS** Prospective investors considering an investment in BlackRock TCP Capital Corp. should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company’s filings with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.sec.gov&index=5&md5=e719c13e9279fb2074b12e8186c6b629) and the Company’s website at [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=6&md5=9dd03fd4f1f7a44a4bae31065ae691c1). Prospective investors should read these materials carefully before investing.This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation, changes in general economic conditions or changes in the conditions of the industries in which the Company makes investments, risks associated with the availability and terms of financing, changes in interest rates, availability of transactions, and regulatory changes. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the “Risk Factors” section of the Company’s Form 10-K for the year ended December 31, 2020, and the Company’s subsequent periodic filings with the SEC. Copies are available on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.sec.gov&index=7&md5=1b253bb17c18f0ecef46747f051a1ab7) and the Company’s website at [www.tcpcapital.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tcpcapital.com&esheet=52570366&newsitemid=20220128005091&lan=en-US&anchor=www.tcpcapital.com&index=8&md5=2ed3b69f1bdc8613439d7d52dd3a9822). Forward-looking statements are made as of the date of this press release and are subject to change without notice. The company has no duty and does not undertake any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005091r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005091/en/](https://www.businesswire.com/news/home/20220128005091/en/) BlackRock TCP Capital Corp. Katie McGlynn 310-566-1094 [[email protected]](mailto:[email protected]) Source: BlackRock TCP Capital Corp.
Date: 2022-01-28
Title: TPG RE Finance Trust, Inc. Announces CEO Appointment
Article: Incoming CEO Doug Bouquard also named Partner of TPG NEW YORK--(BUSINESS WIRE)-- TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that its Board of Directors has appointed Doug Bouquard as Chief Executive Officer and elected him as a director, in each case effective April 25, 2022. Bouquard will also become a Partner of TPG (NASDAQ: TPG) and TPG Real Estate, the firm’s dedicated real estate investment platform.Bouquard will join TRTX’s senior management team alongside its President, Matt Coleman; Chief Financial Officer, Bob Foley; General Counsel, Vice President, and Secretary, Deborah Ginsberg; and Chief Investment Officer and Vice President, Peter Smith. His appointment marks the culmination of an extensive search conducted by TPG and the TRTX Board of Directors.“Doug has nearly two decades of experience in real estate credit, and his appointment is a continuation of the firm’s strategy to grow a differentiated real estate investment platform,” said Jon Winkelried, CEO of TPG. “Doug shares our commitment to investing with excellence, and we are excited to have him on board.”Bouquard joins TRTX from Goldman Sachs, where he most recently served as a Managing Director and Head of US Commercial Real Estate Debt in the Global Markets Division. In this role, he had oversight of the firm’s commercial real estate debt origination activities, including securitized lending, balance sheet lending, and commercial real estate warehouse financing, as well as commercial real estate securities issuance.“On behalf of the Board, I am pleased to welcome Doug to TRTX,” said Avi Banyasz, Chairman of the Board of TRTX and Co-Head of TPG Real Estate. “Doug is a proven leader in our industry with a strong track record and extensive investment experience. He is well-suited to lead TRTX through its next chapter as the Company works to serve our clients and maximize long-term value for our shareholders.”Prior to his current role at Goldman Sachs, Bouquard was responsible for various mortgage lending and trading businesses. He joined Goldman Sachs in 2004 as an analyst in the mortgage trading department and was named Managing Director in 2013. Bouquard earned a B.A. from Colgate University. He is a trustee, Chairman of the Investment Committee, and member of the Executive Committee of The Hill School.“I have long admired TRTX and am excited to join TPG at such an important time in the firm’s history,” said Bouquard. “The TRTX team brings a strong combination of experience and innovation to the market, and I look forward to furthering the Company’s position as a leading real estate debt franchise.”Bouquard’s appointment follows a strong year for TRTX, with 2021 loan originations of $1.9 billion focused in key thematic areas including multifamily and life sciences. The Company also completed several important capital market transactions, including a $1.25 billion managed CRE CLO, TRTX 2021-FL4, and the issuance of 6.25% Series C Cumulative Redeemable Preferred Stock. **About TRTX** TPG RE Finance Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. The Company is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG. For more information regarding TRTX, visit [https://www.tpgrefinance.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tpgrefinance.com%2F&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=https%3A%2F%2Fwww.tpgrefinance.com%2F&index=1&md5=be800ad953bd550db82f9a1a8615414a). **About TPG** TPG is a leading global alternative asset management firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. **Forward-Looking Statements** The information contained in this press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to various risks and uncertainties, including the risks, uncertainties and factors set forth under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 and in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as such risk factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52570293&newsitemid=20220128005076&lan=en-US&anchor=www.sec.gov&index=2&md5=d7f73162f656f0e0d9791c4a8b54538b). Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, or state other forward-looking information. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward-looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005076r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005076/en/](https://www.businesswire.com/news/home/20220128005076/en/) **Media** Luke Barrett [[email protected] ](mailto:[email protected])415-743-1550**Investor Relations** TRTX [[email protected] ](mailto:[email protected])212-405-8500TPG Gary Stein [[email protected] ](mailto:[email protected])212-601-4750 Source: TPG RE Finance Trust, Inc.
Date: 2022-01-28
Title: AAM to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11
Article: DETROIT, Jan. 28, 2022 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 11, 2022. A press release announcing the results will be issued before the market opens on the same day and will be available at [www.aam.com](http://www.aam.com/). [](https://mma.prnewswire.com/media/526564/AAM_Logo.html) To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 6602864. To participate by live audio webcast or listen to the briefing following the call, visit [investor.aam.com](http://investor.aam.com/). A replay will be available one hour after the call is complete until February 18, 2022. To listen to the replay please dial: (877) 344-7529 from the United States (412) 317-0088 from outside the United States When prompted, callers should enter replay access code 7323464. The audio replay will also be archived on AAM's website for one year. **About AAM:**AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures highly advanced electric propulsion, driveline, and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 18,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit [aam.com](http://aam.com/). \begin{table}{|c|c|} \hline For more information: & \\ \hline Investor Contact & Media Contact \\ \hline David H. Lim & Christopher M. Son \\ \hline Head of Investor Relations & Vice President, Marketing & Communications \\ \hline (313) 758-2006 & (313) 758-4814 \\ \hline [email protected] & [email protected] \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=DE45046&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html](https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html) SOURCE American Axle & Manufacturing Holdings, Inc.
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
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Symbol: HEES
Security: H&E Equipment Services, Inc.
Related Stocks/Topics: Stocks|CAT
Title: Caterpillar (CAT) Q4 Earnings and Revenues Surpass Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Caterpillar (CAT) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.63%. A quarter ago, it was expected that this construction equipment company would post earnings of $2.26 per share when it actually produced earnings of $2.66, delivering a surprise of 17.70%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Caterpillar, which belongs to the Zacks Manufacturing - Construction and Mining industry, posted revenues of $13.8 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $11.24 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Caterpillar shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Caterpillar?**While Caterpillar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CAT/earnings-calendar), the estimate revisions trend for Caterpillar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $13.32 billion in revenues for the coming quarter and $12.31 on $56.58 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Construction and Mining is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, H&E Equipment (HEES), is yet to report results for the quarter ended December 2021.This construction and industrial equipment service provider is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -19.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.H&E Equipment's revenues are expected to be $260.8 million, down 17.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HEES&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858874/caterpillar-cat-q4-earnings-and-revenues-surpass-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 41.1018
Stock Price 2 days before: 42.6263
Stock Price 1 day before: 41.3386
Stock Price at release: 39.9103
Risk-Free Rate at release: 0.0004
| 40.6634 |
Broader Economic Information:
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Date: 2022-01-28
Title: Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold
Article: Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.For instance, [fintech companies](https://www.fool.com/investing/stock-market/market-sectors/financials/fintech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) like **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst) and **Riskified** [(NYSE: RSKD)](https://www.nasdaq.com/market-activity/stocks/rskd) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology. Here's what you should know. [A person cheering in front of a laptop computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fcomputer-2.jpg&w=700) Image source: Getty Images. **1. Upstart Holdings** According to Upstart, 80% of Americans have never defaulted on a loan, yet only 48% qualify for the lowest interest rates banks offer. Management believes that discrepancy stems from a lack of data. Specifically, many of the most sophisticated credit models incorporate just 30 variables, so lenders determine loan eligibility and set interest rates based on very little information. In turn, some applicants are mistakenly approved, and others are mistakenly rejected, which means the creditworthy borrowers end up subsidizing those who default.To solve that problem, Upstart leans on big data and AI. Its platform captures over 1,600 data points per applicant then measures those variables against past repayment events to quantify risk. To that end, internal studies have shown that Upstart's AI can cut loss rates by 75% while keeping approval rates constant, or it can boost approval rates by 173% while keeping loss rates constant. Either way you measure it, that's good news for lenders.Not surprisingly, Upstart has seen strong demand. Since its IPO in December 2020, the number of banks and credit unions using its technology has tripled. Likewise, revenue skyrocketed 250% to $228 million in the most recent quarter, and net income jumped 200% to $29.1 million. Upstart is well-positioned to maintain that momentum.In October 2021, the company launched Upstart Auto Retail, an e-commerce platform for car dealerships. It allows consumers to find vehicles, check out online, and access AI-powered auto loans. So far, seven banks and 291 dealerships have adopted the product. Currently, management puts its market opportunity at $753 billion, a figure that includes all personal loans and auto loans originated in the U.S. over a 12-month period. To put that number in context, Upstart powered $8.9 billion in loans over the past year -- less than 2% of its addressable market. Moreover, Upstart can enter other markets in the future, such as student loans and mortgages. That's why this [growth stock](https://www.fool.com/investing/2022/01/19/want-137-to-199-upside-2-growth-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) looks like a smart way to invest in AI. [A person holding a credit card while browsing on a computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fpayments-2.jpg&w=700) Image source: Getty Images. **2. Riskified** Riskified is a fintech company that specializes in e-commerce fraud prevention. Legacy risk-management platforms tend to be costly and inaccurate, so valid transactions are frequently rejected, and fraudulent ones are often approved. Lost revenue due to false declines hit $443 billion in the U.S. in 2021, and fraud-related losses are expected to reach $25 billion by 2024.To fix those problems, Riskified leans on big data and AI. Compared to legacy solutions, its platform integrates more deeply with its clients' infrastructure, gathering data across any system that tracks transactions or website interactions. The company then [uses AI](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) to analyze those variables and quantify the risk of fraud, allowing it to automate the approval or denial process with 99.8% accuracy.Across its clientele -- which range from large enterprises like **Wayfair** to small businesses powered by **Shopify** -- Riskified boosts sales by approving more transactions than legacy solutions, and it reduces expenses by blocking illegitimate charges. On average, Riskified's 10-largest merchants have seen revenue rise by 8%, and fraud-related expenses fall by 39%. That's a compelling value proposition. Financially, Riskified's performance has been solid on the top line. Gross merchandise volume rose 28% to $20.9 billion in the third quarter, and revenue jumped 26% to $52.5 million. However, the company's [gross margin](https://www.fool.com/investing/how-to-invest/stocks/gross-margin/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) fell seven percentage points to 46%, due primarily to a sharp increase in chargeback expenses. To clarify, Riskified eats the cost of any fraudulent transactions that slip by its AI, categorizing those costs as chargeback expenses. In other words, Riskified's falling gross margin could be a sign that its AI models aren't working as intended.However, management provided an alternative explanation, calling attention to several new merchants in new industries. Put another way, Riskified's AI models faltered because the company lacks sufficient data in those markets, so the problem should resolve itself in time. Investors should watch this situation closely. If the company's gross margin is still falling a few quarters down the road, it might be time to sell.Alternatively, if Riskified's AI models improve with more data and gross profit growth accelerates, this $1 billion company could easily grow tenfold (or even a hundredfold) in the long run. **10 stocks we like better than Upstart Holdings, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) for investors to buy right now... and Upstart Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Shopify. The Motley Fool owns and recommends Riskified Ltd., Shopify, and Upstart Holdings, Inc. The Motley Fool recommends Wayfair and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Date: 2022-01-28
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2021 PREFERRED DIVIDENDS
Article: AUSTIN, Texas, Jan. 28, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022. [](https://mma.prnewswire.com/media/233320/summit_hotel_properties_inc___logo.html) The Board of Directors has also authorized, and the Company has declared on behalf of the operating partnership, a cash dividend of $0.171354 per share of the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units that were issued on January 13, 2022, as part of the recently announced NewcrestImage portfolio acquisition. The dividends are payable on February 28, 2022, to holders of record as of February 14, 2022. **About Summit Hotel Properties** Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of January 28, 2022, the Company's portfolio consisted of 100 hotels, 61 of which are wholly owned, with a total of 15,051 guestrooms located in 24 states. For additional information, please visit the Company's website, [www.shpreit.com](https://c212.net/c/link/?t=0&l=en&o=3427490-1&h=2650064668&u=http%3A%2F%2Fwww.shpreit.com%2F&a=www.shpreit.com), and follow the Company on Twitter at @SummitHotel_INN. **Forward Looking Statements** This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. [Cision](https://c212.net/c/img/favicon.png?sn=DA45766&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html](https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html) SOURCE Summit Hotel Properties, Inc.
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Date: 2022-01-28
Title: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans
Article: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [[email protected]](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: RES
Security: RPC, Inc.
Related Stocks/Topics: Stocks
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Stock Price 4 days before: 5.28
Stock Price 2 days before: 6.48766
Stock Price 1 day before: 6.06
Stock Price at release: 5.86184
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: MRC
Security: MRC Global Inc.
Related Stocks/Topics: Stocks|CAT|SEE|TWI
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 7.36425
Stock Price 2 days before: 7.98632
Stock Price 1 day before: 7.61184
Stock Price at release: 7.30945
Risk-Free Rate at release: 0.0004
| 9.91763 |
Broader Economic Information:
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Mercury (MRCY) Offers US & Allies RF Microelectronics Solutions
Article: **Mercury Systems** [MRCY](https://www.nasdaq.com/market-activity/stocks/mrcy) recently secured a $17 million contract to provide crucial multi-channel radio frequency (“RF”) microelectronics to the United States and its allies for the enhancement of missile capabilities.The contract will enable U.S warfighters to receive fast real-time signals intelligence data through these digital RF assemblies. This, in turn, will propel America’s air defense mission to newer heights ensuring the country’s air dominance in the 21st century. Awarded in the first quarter of fiscal 2022, Mercury’s latest deal is likely to get shipped over the next few quarters. The contract is likely to expand the defense company’s microelectronics segment’s growth. **Mercury Continues to Win Contracts** Mercury’s products and solutions are supplied to about 300 defense and intelligence programs with over 25 different defense prime contractors. The company’s domain expertise in analog and digital integration has aided it in building a solid long-term relationship with defense prime contractors.The aerospace and defense tech company works with a number of key defense prime contractors on a regular basis ensuring healthy flow of orders. In August 2021, Mercury received a $17 million order from the U.S. Naval Air Warfare Center’s Aircraft Division. In July, it teamed up with CoreAVI, winner of the Military and Aerospace Electronics 2017 Innovators Platinum Award, to provide its aerospace and defense customers CoreAVI’s safety-certified graphics, video, and GPU compute solutions.Prior to that, in June 2021, Mercury achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for its Joint Light Tactical Vehicle program. **Mercury Systems Inc Price and Consensus [](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart)** [Mercury Systems Inc price-consensus-chart](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart) | [Mercury Systems Inc Quote](https://www.nasdaq.com/market-activity/stocks/mrcy) **Zacks Rank & Stocks to Consider** Mercury currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor **Salesforce** [CRM](https://www.nasdaq.com/market-activity/stocks/crm) flaunting a Zacks Rank #1 (Strong Buy), the graphic processing unit maker **NVIDIA Corporation** [NVDA](https://www.nasdaq.com/market-activity/stocks/nvda) and **Advanced Micro Devices** [AMD](https://www.nasdaq.com/market-activity/stocks/amd), both carrying a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Salesforce’s fourth-quarter fiscal 2022 earnings has been revised downward by 7.6% to 73 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved upward by 0.43% to $4.68 per share in the last 60 days.Salesforce’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 44.2%. CRM stock has depreciated 6.1% in the past year.The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward by 13 cents to $1.22 per share over the past 90 days. For fiscal 2022, earnings estimates have moved north by 19 cents to $4.33 per share in the past 90 days. NVIDIA’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have surged 68.1% in the past year.The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 90 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last 60 days.Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 17.2% in the past year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_253_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AMD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [salesforce.com, inc. (CRM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [NVIDIA Corporation (NVDA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVDA&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Mercury Systems Inc (MRCY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRCY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859146/mercury-mrcy-offers-us-allies-rf-microelectronics-solutions?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Date: 2022-01-28
Title: Euronet Worldwide (EEFT) Moves 10.1% Higher: Will This Strength Last?
Article: **Euronet Worldwide** (EEFT) shares rallied 10.1% in the last trading session to close at $133.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% gain over the past four weeks.The fundamental driving factor can be attributed to the fact that Euronet joined the S&P MidCap 400, which will be effective before trading opens on Feb 1. **Compass Minerals International, Inc.** [CMP](https://www.nasdaq.com/market-activity/stocks/cmp) got replaced as a result of Euronet’s inclusion in the S&P MidCap 400. Reasons such as solid performances exhibited by Euronet’s Electronic Funds Transfer, epay and Money Transfer businesses might have acted as tailwinds for the company.This electronic payments and transactions processor is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +19.8%. Revenues are expected to be $807.42 million, up 14.3% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Euronet Worldwide, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EEFT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_535_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3-1858827) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Euronet Worldwide, Inc. (EEFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EEFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858827/euronet-worldwide-eeft-moves-10-1-higher-will-this-strength-last?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of US$0.14
Article: **Hope Bancorp, Inc.'s** (NASDAQ:HOPE) investors are due to receive a payment of US$0.14 per share on 17th of February. This makes the dividend yield 3.4%, which will augment investor returns quite nicely. **Hope Bancorp's Payment Has Solid Earnings Coverage** If the payments aren't sustainable, a high yield for a few years won't matter that much. Before making this announcement, Hope Bancorp was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Over the next year, EPS is forecast to fall by 1.6%. If the dividend continues along the path it has been on recently, we estimate the payout ratio could be 35%, which is comfortable for the company to continue in the future.[historic-dividend](https://images.simplywall.st/asset/chart/414570-historic-dividend-1-dark/1643366201082) NasdaqGS:HOPE Historic Dividend January 28th 2022**Hope Bancorp Doesn't Have A Long Payment History** The dividend's track record has been pretty solid, but with only 9 years of history we want to see a few more years of history before making any solid conclusions. Since 2013, the dividend has gone from US$0.20 to US$0.56. This means that it has been growing its distributions at 12% per annum over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Has Growth Potential** Investors could be attracted to the stock based on the quality of its payment history. Hope Bancorp has impressed us by growing EPS at 9.1% per year over the past five years. Hope Bancorp definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. **Hope Bancorp Looks Like A Great Dividend Stock** Overall, we like to see the dividend staying consistent, and we think Hope Bancorp might even raise payments in the future. The distributions are easily covered by earnings, and there is plenty of cash being generated as well. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All of these factors considered, we think this has solid potential as a dividend stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified [1 warning sign for Hope Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-hope/hope-bancorp?blueprint=1874750&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874750&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc1MDplYTRmZmM4OTc2OWM2MWRk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: SSR Mining Reports Fatal Vehicle Accident Near Puna
Article: DENVER, Jan. 28, 2022 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") regrets to report a fatal vehicle accident involving an employee of the Company. The accident occurred on a public road 20 kilometers southeast of the Chinchillas mine site in Jujuy Province, Argentina at approximately 5:30 p.m. local time on January 26th, 2022. The accident involved a vehicle contracted to transport mine personnel. Three additional occupants were rescued by local police, including two SSR Mining team members who have returned home while the vehicle's driver is being cared for at the mine. Local police have started their investigation into the incident. "We are saddened by the loss of one of our employees in this tragic event near the Puna mine. On behalf of SSR Mining, we extend our most sincere condolences to the individual's family, friends, and colleagues," said Rod Antal, President & CEO of SSR Mining. SSR Mining is working to ensure the families of the those impacted in this tragic accident will receive the necessary support and assistance during this difficult time. SSR Mining will also provide support and counselling to assist employees and contractors at the Puna mine. Operations at Puna have been temporarily paused. **About SSR Mining** SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, the four operating assets produced approximately 711,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX. **SSRMining Contacts** F. EdwardFarid, Executive Vice President, Chief Corporate Development OfficerAlexHunchak, Director, Corporate Development and Investor Relations SSRMining Inc.E-Mail: [[email protected]](mailto:[email protected]) Phone: +1 (416) 306-5789 To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at [www.ssrmining.com](https://c212.net/c/link/?t=0&l=en&o=3426983-1&h=2211861713&u=http%3A%2F%2Fwww.ssrmining.com%2F&a=www.ssrmining.com). [Cision](https://c212.net/c/img/favicon.png?sn=TO45224&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html](https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html) SOURCE SSR Mining Inc.
Broader Sector Information:
Date: 2022-01-28
Title: After Hours Most Active for Jan 28, 2022 : QQQ, AAPL, FIXX, PACB, EDAP, MSFT, T, BAC, XOM, BHP, HAL, BTU
Article: The [NASDAQ 100 After Hours Indicator](https://www.nasdaq.com/market-activity/after-hours) is down -13.84 to 14,440.77. The total After hours volume is currently 75,009,434 shares traded.The following are the [most active stocks for the after hours session](https://www.nasdaq.com/market-activity/after-hours): Invesco QQQ Trust, Series 1 ([QQQ](http://www.nasdaq.com/market-activity/funds-and-etfs/QQQ))) is -0.23 at $351.57, with 3,265,435 shares traded. This represents a 18.19% increase from its 52 Week Low. Apple Inc. ([AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL))) is -0.32 at $170.01, with 3,106,348 shares traded. As reported by Zacks, the current mean recommendation for [AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL) is in the "buy range".Homology Medicines, Inc. ([FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX))) is +0.01 at $3.15, with 2,369,193 shares traded. As reported in the last short interest update the days to cover for [FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX) is 11.690169; this calculation is based on the average trading volume of the stock.Pacific Biosciences of California, Inc. ([PACB](http://www.nasdaq.com/market-activity/stocks/PACB))) is -0.07 at $9.99, with 2,039,518 shares traded. [PACB's](http://www.nasdaq.com/market-activity/stocks/PACB) current last sale is 29.38% of the target price of $34.EDAP TMS S.A. ([EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP))) is unchanged at $6.84, with 1,831,848 shares traded. As reported by Zacks, the current mean recommendation for [EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP) is in the "strong buy range".Microsoft Corporation ([MSFT](http://www.nasdaq.com/market-activity/stocks/MSFT))) is -0.26 at $308.00, with 1,417,846 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $2.18. [MSFT's](http://www.nasdaq.com/market-activity/stocks/MSFT) current last sale is 84.85% of the target price of $363.AT&T Inc. ([T](http://www.nasdaq.com/market-activity/stocks/T))) is -0.01 at $25.20, with 1,331,267 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.8. [T's](http://www.nasdaq.com/market-activity/stocks/T) current last sale is 84% of the target price of $30.Bank of America Corporation ([BAC](http://www.nasdaq.com/market-activity/stocks/BAC))) is -0.08 at $45.79, with 1,089,959 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for [BAC](http://www.nasdaq.com/market-activity/stocks/BAC) is in the "buy range".Exxon Mobil Corporation ([XOM](http://www.nasdaq.com/market-activity/stocks/XOM))) is -0.01 at $75.27, with 953,036 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2021. The consensus EPS forecast is $1.96. [XOM](http://www.nasdaq.com/market-activity/stocks/XOM) is scheduled to provide an earnings report on 2/1/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is 1.96 per share, which represents a 3 percent increase over the EPS one Year Ago BHP Group Limited ([BHP](http://www.nasdaq.com/market-activity/stocks/BHP))) is unchanged at $64.17, with 952,320 shares traded. [BHP's](http://www.nasdaq.com/market-activity/stocks/BHP) current last sale is 87.9% of the target price of $73.Halliburton Company ([HAL](http://www.nasdaq.com/market-activity/stocks/HAL))) is -0.16 at $31.20, with 931,947 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.34. As reported by Zacks, the current mean recommendation for [HAL](http://www.nasdaq.com/market-activity/stocks/HAL) is in the "buy range".Peabody Energy Corporation ([BTU](http://www.nasdaq.com/market-activity/stocks/BTU))) is -0.08 at $11.15, with 926,925 shares traded. As reported by Zacks, the current mean recommendation for [BTU](http://www.nasdaq.com/market-activity/stocks/BTU) is in the "buy range".
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB,PODD,IMAB,NVAX
Article: Health care stocks continued to strengthen this afternoon, with the NYSE Health Care Index rising 0.7% and the SPDR Health Care Select Sector ETF (XLV) up 1.2%. The Nasdaq Biotechnology index was climbing 1.8% in late trade. In company news, Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) jumped more than 20% after the biopharmaceuticals company overnight said it plans to resubmit the biologics license application for its teplizumab B drug candidate after agreeing to adjust the 14-day regimen for the treatment it developed to slow the onset of type 1 diabetes in at-risk individuals following recent discussions with the agency. The drug has been on hold since the FDA questioned whether teplizumab B was comparable to the product used during earlier clinical trials. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose over 16% after the medical device company was cleared by the US Food and Drug Administration to begin the sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring system and a smartphone app to automatically adjust insulin levels and help protect patients against highs or lows. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed 12% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 5.7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts.
Date: 2022-01-28
Title: 2 Top Stocks to Buy in 2022 Now That Oil and Gas Is Hot and Renewable Energy Is Cold
Article: The U.S. stock market hasn't had the best start to 2022. Just three weeks into the year, and the **S&P 500** is down close to 8% and the **Nasdaq** is down 12%. However, the energy sector, which is comprised mostly of oil and gas stocks, remains up over 12% for the year.Pipeline giant **Kinder Morgan** [(NYSE: KMI)](https://www.nasdaq.com/market-activity/stocks/kmi) and integrated solar solution provider **SolarEdge Technologies** [(NASDAQ: SEDG)](https://www.nasdaq.com/market-activity/stocks/sedg) are two completely different businesses that are both worth buying now. Here's why. [A welder operating on a pipeline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662509%2Fgettyimages-498337716.jpg&w=700) Image source: Getty Images. **A top-tier income and value stock** Kinder Morgan is the U.S. leader in [natural gas](https://www.fool.com/investing/stock-market/market-sectors/energy/natural-gas-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749) pipeline infrastructure. It is also a major player in oil and CO2 energy transportation and storage.With its business tied to long-term contracts, Kinder Morgan doesn't benefit from higher oil and gas prices -- or suffer from lower ones -- as much as other players in the industry. Instead, it generates [fairly stable free cash flow](https://www.fool.com/investing/2021/10/31/kinder-morgans-capital-discipline-illustrates-why/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749) that it has been using to [grow its dividend](https://www.fool.com/investing/2021/10/30/double-your-money-by-2033-on-dividends-alone-from/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749), make [selective investments](https://www.fool.com/investing/2021/08/03/is-kinder-morgan-returning-to-growth/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749), buy back shares, and [pay off debt](https://www.fool.com/investing/2021/07/28/kinder-morgans-balance-sheet-is-in-its-best-shape/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749).In December, Kinder Morgan forecasted its full-year 2022 results before it even reported full-year 2021 earnings. Aside from a strong balance sheet, higher net income, and higher earnings before interest, taxes, depreciation, and amortization (EBITDA), Kinder Morgan is also raising its dividend to $1.11 per share per year, giving it a dividend yield of 6.4%.Instead of chasing upstream oil and gas companies at higher valuations, Kinder Morgan's forward price-to-earnings ratio of 15.7 and high dividend yield make it [my top dividend stock to buy for 2022](https://www.fool.com/investing/2022/01/12/my-top-dividend-stock-to-buy-for-2022-and-its-not/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749). **SolarEdge is a bright spot in a struggling industry** SolarEdge may not pay a dividend like Kinder Morgan. But it does have a few key similarities that could make it a nice stock to buy on sale.For starters, SolarEdge is free cash flow positive, generates positive net income, and has more cash, deposits, and investments on its balance sheet than debt. Unlike growth companies that lack profits and depend on debt to operate and invest in their future, SolarEdge is self-reliant, giving it a critical cushion in today's rising interest rate and high inflation business climate.What's more, SolarEdge's business is doing incredibly well, even as the solar industry as a whole is challenged by stalling investment. In fact, SolarEdge recorded record-high quarterly revenue in Q3 2021. And despite higher costs to produce its products, SolarEdge continues to sport a 30% or higher gross margin.Considering the strength of its underlying business and the fact that its stock price is down 40% in two months, SolarEdge is a great buy now for investors that believe SolarEdge will be able to grow revenue and earnings at a sustained rate so that it can grow into its valuation. Even after its share price decline, SolarEdge stock is still trading at 84 times earnings and has a price-to-sales ratio of 7, indicating that it is still an expensive stock relative to its current performance. **A balanced approach to investing in the energy sector** Equal parts of Kinder Morgan and SolarEdge Technologies would give investors exposure to oil and gas and solar. The basket would also have a 3.2% dividend yield and plenty of growth opportunities thanks to SolarEdge. Buying industry leaders remains the best choice for investors looking to lean into the red-hot oil and gas market while also snatching up bargains in [renewable energy](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749). **10 stocks we like better than Kinder Morgan** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=719bbb61-f2ca-4f94-b694-a79aedcfc9f9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DKinder%2520Morgan&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749) for investors to buy right now... and Kinder Morgan wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=719bbb61-f2ca-4f94-b694-a79aedcfc9f9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DKinder%2520Morgan&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749)*Stock Advisor returns as of January 10, 2022 [Daniel Foelber](https://boards.fool.com/profile/TMFpalomino2/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Kinder Morgan. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Northrim BanCorp, Inc. Expands Stock Repurchase Program
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 300,000 shares of its common stock, or approximately 5% of the currently issued and outstanding shares. Prior to the increase, no shares remained available for repurchase under Northrim’s stock repurchase program. “Northrim’s stock repurchase program has helped to build long-term value for our shareholders and we feel that it continues to be an excellent use of capital to continue building on that value,” stated Jed Ballard, Chief Financial Officer. “This addition to our previous repurchase authorization allows us to buy back up to an additional $13 million in stock based on current market pricing. Since inception of the stock repurchase plan, we have repurchased and retired 1,749,927 shares, which we believe contributes to our return on equity and long-term growth in earnings per share.” The company intends to repurchase its shares in the open market or privately negotiated transactions, as permitted under applicable rules and regulations. The repurchase program may be modified, suspended or terminated by the Board of Directors at any time without notice. The extent to which the company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, including targets whereby repurchases are accretive to earnings while maintaining capital ratios that exceed the guidelines for a well-capitalized financial institution. The company currently has 6.1 million shares of common stock outstanding. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=NvOmHNtlpX-q54Z8MaSW_2dEuzK1kUobop9nMj7uGYemU6qWmEJRbF1BnwfUbvfVHXIFksIMaD0y6lWKFWQ9bw==)** \begin{table}{|c|c|} \hline Contact: & Joe Schierhorn, President, CEO, and COO \\ \hline & (907) 261-3308 \\ \hline & Jed Ballard, Chief Financial Officer \\ \hline & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDI5MiM0Njk2MDI3IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/ODM5ODEyMzktZjljZC00NzEyLWIyMzEtMWU1ZWM4YTFlNmY3LTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: JetBlue Airways (JBLU) Posts Narrower-Than-Expected Q4 Loss
Article: **JetBlue Airways** [JBLU](https://www.nasdaq.com/market-activity/stocks/jblu) incurred a fourth-quarter 2021 loss (excluding 4 cents from non-recurring items) of 36 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 40 cents. This was the eighth successive quarterly loss posted by this currently Zacks Rank #4 (Sell) low-cost carrier. **JetBlue Airways Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart)[JetBlue Airways Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart) | [JetBlue Airways Corporation Quote](https://www.nasdaq.com/market-activity/stocks/jblu) Quarterly loss per share was also narrower than the year-ago loss of $1.53.Operating revenues of $1,834 million skyrocketed more than 177% year over year and also surpassed the Zacks Consensus Estimate of $1,829.9 million. This massive year-over-year jump reflects improving air-travel demand. However, revenues decreased 7%, sequentially, mainly due to the omicron crisis. Moreover, quarterly revenues declined 9.7% from the fourth-quarter 2019 actuals.Passenger revenues, accounting for the bulk of the top line (92.4%), increased to $1,695 million in fourth-quarter 2021 from a mere $606 million a year ago when the impact of coronavirus on air-travel demand was much severe. Other revenues surged in excess of 100% to $139 million. **Other Details** All comparisons are presented on a year-over-year basis. Revenue per available seat mile (RASM: a key measure of unit revenues) in the reported quarter improved 54.6% to 12.06 cents. Passenger revenue per available seat mile (PRASM) surged 55.9% to 11.15 cents owing to better air-travel demand. Average fare at JetBlue during the quarter increased 9% to $196.76. Yield per passenger mile shot up 7% year over year to 14.58 cents.Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) skyrocketed 161.6% in the reported quarter. To cater to this increased demand, capacity (measured in available seat miles) expanded 79.4% to 15,211 million. Consolidated load factor (percentage of seats filled by passengers) increased 24 percentage points to 76.4% in the fourth quarter of 2021 as traffic growth outpaced capacity expansion. In the fourth quarter, total operating expenses (on a reported basis) escalated 75.1% to $1,953 million, mainly due to a 244.7% rise in aircraft fuel expenses and related taxes. Average fuel price per gallon (including related taxes) climbed to $2.37 from $1.31 a year ago as oil prices move north.JetBlue’s operating expenses per available seat mile (CASM) fell 2.4% to 12.84 cents. Excluding fuel, the metric declined 21.5% to 9.66 cents.JetBlue, currently carrying a Zacks Rank #4 (Sell), exited the fourth quarter of 2021 with cash and cash equivalents of $2,018 million compared with $1,918 million at the end of 2020. Total debt at the end of the reported quarter was $4,006 million compared with $4,863 million at 2020 end. During the quarter, JBLU paid off debt worth $120 million.JetBlue exited the December quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments, reflecting 35% of the 2019 levels. Adjusted EBITDA in the quarter was $31 million, toward the better end of the guided range of ($50)-$50 million.You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Outlook** Due to the omicron-induced turbulence, JetBlue reduced its scheduled flights for the current quarter. While providing guidance for first-quarter 2022, management stated that all comparisons are made with respect to the first quarter of 2019. Capacity is anticipated in the range of (1)-2% compared with the figure reported in the first quarter of 2019. CASM, excluding fuel and special items, is predicted to rise 13-15%.Total revenues are forecast to drop in the 11-16% range. Average fuel cost per gallon in the March quarter is estimated to be $2.59. Fuel consumption is expected to be roughly 195 million gallons in the first quarter of 2022. Capital expenditures in the March quarter are anticipated to be roughly $175 million.Management expects the omicron impact to be short term. Per JetBlue CEO Robin Hayes, “While Omicron has temporarily weighed on demand in the very near term, we expect sequential month-on-month improvement through the quarter, ultimately returning to sustained profitability in the spring and beyond. Furthermore, were it not for Omicron, we believe we would have generated higher revenue this quarter than in the first quarter of 2019.”For 2022, capacity is expected to increase in the 11-15% range from the 2019 levels. CASM, excluding fuel and special items, is predicted to rise 1-5% from the 2019 actuals. **Sectorial Snapshots** Within the broader [Transportation](https://www.zacks.com/stocks/industry-rank/sector/transportation-15) sector, **J.B. Hunt Transport Services** [JBHT](https://www.nasdaq.com/market-activity/stocks/jbht) , **United Airlines** [UAL](https://www.nasdaq.com/market-activity/stocks/ual) and **Delta Air Lines** [DAL](https://www.nasdaq.com/market-activity/stocks/dal) recently reported fourth-quarter 2021 results. J.B. Hunt Transport Services reported fourth-quarter 2021 earnings of $2.28 per share, surpassing the Zacks Consensus Estimate of $1.99. The bottom line surged 58.3% year over year on the back of higher revenues across all segments.JBHT’s operating revenues of $3,497 million also outperformed the Zacks Consensus Estimate of $3,287.8 million. The top line jumped 27.7% year over year. Total operating revenues, excluding fuel surcharges, rose 21.7% year over year.United Airlines incurred a loss (excluding 39 cents from non-recurring items) of $1.60 per share in the fourth quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.23. The amount of loss narrowed by 77.1% year over year.UAL’s operating revenues of $8,192 million also outperformed the Zacks Consensus Estimate of $7,930.9 million. The top line surged more than 100% year over year, with passenger revenues, accounting for 84% of the top line, having soared 185.4% to $6,878 million.Delta reported fourth-quarter 2021 earnings (excluding 86 cents from non-recurring items) of 22 cents per share, outpacing the Zacks Consensus Estimate of 15 cents. Earnings came against the year-ago quarter’s loss of $2.53 per share. Strong holiday travel demand and favorable pricing aided the December-quarter results. DAL’s revenues came in at $9,470 million, which not only beat the Zacks Consensus Estimate of $9,232.1 million but also skyrocketed more than 100% from the year-ago figure as people resorted to air travel during the holidays. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [JetBlue Airways Corporation (JBLU): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBLU&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Delta Air Lines, Inc. (DAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [United Airlines Holdings Inc (UAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBHT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859337/jetblue-airways-jblu-posts-narrower-than-expected-q4-loss?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: VRE
Security: Veris Residential, Inc.
Related Stocks/Topics: Stocks|CFFN
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 16.2967
Stock Price 2 days before: 16.9294
Stock Price 1 day before: 16.1911
Stock Price at release: 15.7409
Risk-Free Rate at release: 0.0004
| 16.9754 |
Broader Economic Information:
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
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Date: 2022-01-28
Title: Tompkins Financial Corporation Reports Record Full Year Earnings
Article: ITHACA, N.Y.--(BUSINESS WIRE)-- **Tompkins Financial Corporation (NYSE American: TMP)**For the year ended December 31, 2021 Tompkins Financial Corporation (the "Company") reported record diluted earnings per share of $6.05, up 16.4% from December 31, 2020. Net income for 2021 was $89.3 million, an increase of $11.7 million compared to the same period in 2020. Results for 2020 included a $16.8 million provision for credit losses recognized in the first quarter reflecting economic stress due to the COVID-19 pandemic.The Company reported diluted earnings per share of $1.33 for the fourth quarter of 2021, down 17.4% compared to $1.61 reported in the fourth quarter of 2020. Net income for the fourth quarter of 2021 was $19.5 million, a $4.5 million decrease when compared to the same period in 2020.Tompkins President and CEO, Stephen Romaine, commented, "We are pleased to report record earnings for the year ended December 31, 2021. Earnings per share for the quarter were down from the same period last year largely due to higher provision for credit losses in the current period, which included the charge-off of a commercial real estate relationship that was heavily impacted by pandemic related economic shut downs. Despite the loss recognized during the quarter, other credit quality metrics showed improvement from the most recent prior quarter, including reductions in nonperforming loans and loans in deferral status."SELECTED HIGHLIGHTS FOR THE PERIOD: - Total loans at December 31, 2021 were $5.1 billion compared to $5.3 billion at year-end 2020, which was driven by a decline of $220.0 million in loans under the U.S. Small Business Administration's Paycheck Protection Program ("PPP") at year-end 2021 compared to year-end 2020. Total loans, exclusive of PPP loan balances, were up for the second consecutive quarter. - Total nonperforming loans at December 31, 2021, declined by $14.6 million compared to December 31, 2020, while the ratio of total nonperforming loans and leases to total loans and leases dropped to 0.61% at year-end 2021 compared to 0.87% at year-end 2020. - Total noninterest-bearing deposits at December 31, 2021, were up 10.7% compared to December 31, 2020 and represented 31.5% of total deposits as of December 31, 2021. - Total revenue of $302.6 million for the year ended December 31, 2021, was up 1.2% over the same period last year, benefiting from growth in fee income business lines including insurance, wealth management, and card services. NET INTEREST INCOMENet interest income was $57.8 million for both the fourth quarter of 2021 and 2020. Net interest income was $223.8 million for year-to-date 2021, down from $225.3 million reported for the same period in 2020. Net interest income in 2021 included a $1.9 million purchase accounting charge related to the redemption of $15.2 million in trust preferred securities.Average loans for the year ended December 31, 2021 were in line with average loans for the year ended December 31, 2020. Average loan yields for the year ended December 31, 2021, were down 22 basis points compared to 2020, which reflects the impact of reductions in market interest rates in 2021 and 2020.Average total deposits for 2021 were up $735.3 million, or 12.0% compared to 2020. Average noninterest bearing deposits for 2021 were up $343.3 million or 19.6% compared to 2020. Average deposit balances benefited from PPP loan originations, the proceeds of which were primarily deposited in Tompkins checking accounts. For 2021, the average rate paid on interest-bearing deposit products decreased by 23 basis points from 2020. The total cost of interest-bearing liabilities for 2021 declined by 25 basis points to 0.35% from 2020.Net interest margin was 3.01% for the fourth quarter of 2021, up compared to the 2.89% reported for the third quarter of 2021, and down compared to the 3.12% reported for the fourth quarter of 2020. The improvement in fourth quarter 2021 net interest margin compared to the third quarter of 2021 was mainly due to a $1.9 million decrease in wholesale funding costs, driven largely by the redemption of $10.0 million of trust preferred securities and the prepayment of $135.0 million of FHLB borrowings in the third quarter of 2021. The redemption of the trust preferred securities resulted in a $1.2 million purchase accounting charge in the third quarter of 2021. The decline in fourth quarter net interest margin, when compared to the fourth quarter of 2020, was mainly due to a 27 basis point decrease in overall asset yields. The decrease in average asset yields was due to lower securities yields as well as a slight shift in the composition of average earning assets, with a greater mix of lower yielding securities and interest bearing balances, and a decrease in average loan balances reflecting lower PPP loan balances. The decrease in average asset yields was partially offset by lower average funding costs.NONINTEREST INCOMENoninterest income represented 24.9% of total revenues in the fourth quarter of 2021, compared to 24.6% in the same period in 2020. Noninterest income of $19.2 million for the fourth quarter of 2021 was up 1.7% compared to the same period in 2020. For the full year, noninterest income of $78.8 million was up 6.8% from 2020. When compared to prior year, 2021 insurance revenue was up $3.3 million, or 10.6%, and benefited from new business growth and rising premium rates for commercial and personal lines policies. Investment services experienced revenue growth of $1.9 million, or 10.7%, benefiting from successful business development efforts as well as increased fees tied to asset values in existing accounts. Card services income was up $1.6 million, or 16.9%, and is largely driven by customer spending activities that have increased with improved economic conditions as pandemic restrictions have eased.NONINTEREST EXPENSENoninterest expense was $48.2 million for the fourth quarter of 2021, up $1.5 million, or 3.3%, over the fourth quarter of 2020. For the full fiscal year, noninterest expense was $190.3 million, up $6.0 million, or 3.2%, over 2020. The year-to-date period in 2021 includes $2.9 million in penalties related to the prepayment of $135.0 million in FHLB fixed rate advances. Also contributing to the increase in noninterest expense for the year ended December 31, 2021 were normal annual increases in salaries and wages, which were up $3.5 million or 3.8% over 2020.INCOME TAX EXPENSEThe Company's effective tax rate was 21.7% for the fourth quarter of 2021, compared to 20.4% for the same period in 2020. The effective tax rate for the year ended December 31, 2021 was 22.0%, compared to 20.4% reported for 2020. The increase in the effective tax rate for the three months and year ended December 31, 2021 over the same periods in 2020 was due to a higher level of taxable income to total income.ASSET QUALITYImproved credit quality and improving macroeconomic trends contributed to a lower allowance for credit losses at December 31, 2021 when compared to December 31, 2020. The allowance for credit losses represented 0.84% of total loans and leases at December 31, 2021, down from 0.91% at September 30, 2021, and 0.98% at December 31, 2020. The ratio of the allowance to total nonperforming loans and leases was 137.49% at December 31, 2021, up compared to 76.15% at September 30, 2021 and 112.87% at December 31, 2020.The provision for credit loss expense for the fourth quarter of 2021 was $3.9 million compared to a credit of $205,000 for the same period in 2020. Provision expense for the year ended December 31, 2021 was a credit of $2.2 million, compared to an expense of $17.2 million for 2020. The provision for credit losses in 2020 included a provision expense of $16.8 million in the first quarter related to the impact of the economic condition related to COVID-19. Net charge-offs for the fourth quarter of 2021 were $7.0 million compared to net charge-offs of $630,000 reported in the fourth quarter of 2020. The fourth quarter of 2021 included a $7.0 million charge-off of a commercial real estate relationship that had previously been reported in nonperforming loans.Nonperforming assets represented 0.40% as of December 31, 2021, down from 0.75% at September 30, 2021, and 0.60% at December 31, 2020. At December 31, 2021 nonperforming loans and leases totaled $31.2 million, compared to $60.7 million at September 30, 2021, and $45.8 million at December 31, 2020.Special Mention and Substandard loans and leases totaled $137.6 million at December 31, 2021, reflecting improvement from $168.5 million at September 30, 2021, and $189.9 million at December 31, 2020.As previously announced, the Company implemented a payment deferral program in 2020 to assist both consumer and business borrowers that may be experiencing financial hardship due to COVID-19. As of December 31, 2021, total loans that continued in a deferral status amounted to approximately $4.5 million, representing 0.09% of total loans. At December 31, 2020 total loans in deferral status totaled $212.2 million.The Company began accepting applications for PPP loans on April 3, 2020, and had funded 2,998 loans totaling approximately $465.6 million when the initial program ended. On January 19, 2021, the Company began accepting both first draw and second draw applications for the reopening of the PPP program. The 2021 PPP program funding closed for new applications on May 12, 2021. The Company funded 2,142 applications totaling $228.5 million in 2021.Out of the aggregate $694.1 million of PPP loans that the Company funded, approximately $620.2 million have been forgiven by the SBA under the terms of the program as of December 31, 2021. Total net deferred fees on the remaining balance of PPP loans amounted to $3.0 million at December 31, 2021.CAPITAL POSITIONCapital ratios at December 31, 2021 remained well above the regulatory minimums for well-capitalized institutions. The ratio of Total Capital to Risk-Weighted Assets was 14.23% at December 31, 2021, compared to 14.21% at September 30, 2021, and 14.39% at December 31, 2020. The ratio of Tier 1 capital to average assets was 8.72% at December 31, 2021, compared to 8.54% at September 30, 2021, and 8.75% at December 31, 2020.During the fourth quarter of 2021, the Company repurchased 32,203 common shares at an aggregate cost of $2.6 million. These shares were purchased under the Company's Stock Repurchase Program announced in the third quarter of 2021. During 2021, the Company repurchased 304,513 shares at an aggregate cost of $23.8 million.Mr. Romaine added, "We are excited to report that effective January 1, 2022, our four community banks were combined into a single charter. Though we expect the change to be largely transparent to our customers, it will allow us to better leverage the Tompkins brand in all of our markets. We also anticipate some operating efficiencies from the change and we will be better able to leverage product and technology enhancements for the benefit of customers across our footprint. The combined bank will conduct business under the “Tompkins” brand name, with a legal name of “Tompkins Community Bank."ABOUT TOMPKINS FINANCIAL CORPORATIONTompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Community Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit [www.tompkinsfinancial.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tompkinsfinancial.com&esheet=52570218&newsitemid=20220128005041&lan=en-US&anchor=www.tompkinsfinancial.com&index=1&md5=f5fe822f88ef715a753f8c2777e17594). **"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:**This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking statements may be identified by use of such words as "may", "will", "estimate", "intend", "continue", "believe", "expect", "plan", or "anticipate", and other similar words. Forward-looking statements are made based on management’s expectations and beliefs concerning future events impacting the Company and are subject to certain uncertainties and factors relating to the Company’s operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those expressed and/or implied by forward-looking statements. The following factors, in addition to those listed as Risk Factors in Item 1A of our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission, are among those that could cause actual results to differ materially from the forward-looking statements: changes in general economic, market and regulatory conditions; the ongoing dynamic nature of the COVID-19 pandemic and the impact of COVID-19 (including governments’ responses thereto), including the development and proliferation of variants such as Delta and Omicron, on economic and financial markets, potential regulatory actions, and modifications to our operations, products, and services relating thereto; disruptions in our and our customers’ operations and loss of revenue due to pandemics, epidemics, widespread health emergencies, government-imposed travel/business restrictions, or outbreaks of infectious diseases such as the coronavirus, and the associated adverse impact on our financial position, liquidity, and our customers’ abilities to repay their obligations to us or willingness to obtain financial services products from the Company; the development of an interest rate environment that may adversely affect the Company’s interest rate spread, other income or cash flow anticipated from the Company’s operations, investment and/or lending activities; changes in laws and regulations affecting banks, bank holding companies and/or financial holding companies, such as the Dodd-Frank Act, Basel III and the Economic Growth, Regulatory Relief, and Consumer Protection Act; legislative and regulatory changes in response to COVID-19 with which we and our subsidiaries must comply, including the CARES Act and the Consolidated Appropriations Act, 2021 and the rules and regulations promulgated thereunder, and state and local government mandates; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; governmental and public policy changes, including environmental regulation; reliance on large customers; uncertainties arising from national and global events, including the potential impact of widespread protests, civil unrest, and political uncertainty on the economy and the financial services industry; and financial resources in the amounts, at the times and on the terms required to support the Company’s future businesses. The Company does not undertake any obligation to update its forward-looking statements. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline TOMPKINS FINANCIAL CORPORATION \\ \hline CONSOLIDATED STATEMENTS OF CONDITION \\ \hline (In thousands, except share and per share data) & & As of & & As of \\ \hline ASSETS & & 12/31/2021 & & 12/31/2020 \\ \hline & & & & (Audited) \\ \hline & & & & \\ \hline Cash and noninterest bearing balances due from banks & & $ & 23,078 & & & $ & 21,245 & \\ \hline Interest bearing balances due from banks & & & 40,029 & & & & 367,217 & \\ \hline Cash and Cash Equivalents & & & 63,107 & & & & 388,462 & \\ \hline & & & & \\ \hline Available-for-sale debt securities, at fair value (amortized cost of $2,063,790 at December 31, 2021 and $1,599,894 at December 31, 2020) & & & 2,044,513 & & & & 1,627,193 & \\ \hline Held-to-maturity securities, at amortized cost (fair value of $282,288 at December 31, 2021 and $0 December 31, 2020) & & & 284,009 & & & & 0 & \\ \hline Equity securities, at fair value (amortized cost $902 at December 31, 2021 and $929 at December 31, 2020) & & & 902 & & & & 929 & \\ \hline Total loans and leases, net of unearned income and deferred costs and fees & & & 5,075,467 & & & & 5,260,327 & \\ \hline Less: Allowance for credit losses & & & 42,843 & & & & 51,669 & \\ \hline Net Loans and Leases & & & 5,032,624 & & & & 5,208,658 & \\ \hline & & & & \\ \hline Federal Home Loan Bank and other stock & & & 10,996 & & & & 16,382 & \\ \hline Bank premises and equipment, net & & & 85,416 & & & & 88,709 & \\ \hline Corporate owned life insurance & & & 86,495 & & & & 84,736 & \\ \hline Goodwill & & & 92,447 & & & & 92,447 & \\ \hline Other intangible assets, net & & & 3,643 & & & & 4,905 & \\ \hline Accrued interest and other assets & & & 115,830 & & & & 109,750 & \\ \hline Total Assets & & $ & 7,819,982 & & & $ & 7,622,171 & \\ \hline LIABILITIES & & & & \\ \hline Deposits: & & & & \\ \hline Interest bearing: & & & & \\ \hline Checking, savings and money market & & & 4,016,025 & & & & 3,761,933 & \\ \hline Time & & & 639,674 & & & & 746,234 & \\ \hline Noninterest bearing & & & 2,135,736 & & & & 1,929,585 & \\ \hline Total Deposits & & & 6,791,435 & & & & 6,437,752 & \\ \hline & & & & \\ \hline Federal funds purchased and securities sold under agreements to repurchase & & & 66,787 & & & & 65,845 & \\ \hline Other borrowings & & & 124,000 & & & & 265,000 & \\ \hline Trust preferred debentures & & & 0 & & & & 13,220 & \\ \hline Other liabilities & & & 108,819 & & & & 122,665 & \\ \hline Total Liabilities & & $ & 7,091,041 & & & $ & 6,904,482 & \\ \hline EQUITY & & & & \\ \hline Tompkins Financial Corporation shareholders' equity: & & & & \\ \hline Common Stock - par value $.10 per share: Authorized 25,000,000 shares; Issued: 14,696,911 at December 31, 2021; and 14,964,389 at December 31, 2020 & & & 1,470 & & & & 1,496 & \\ \hline Additional paid-in capital & & & 312,538 & & & & 333,976 & \\ \hline Retained earnings & & & 475,262 & & & & 418,413 & \\ \hline Accumulated other comprehensive loss & & & (55,950 & ) & & & (32,074 & ) \\ \hline Treasury stock, at cost – 124,709 shares at December 31, 2021, and 124,849 shares at December 31, 2020 & & & (5,791 & ) & & & (5,534 & ) \\ \hline Total Tompkins Financial Corporation Shareholders’ Equity & & & 727,529 & & & & 716,277 & \\ \hline Noncontrolling interests & & & 1,412 & & & & 1,412 & \\ \hline Total Equity & & $ & 728,941 & & & $ & 717,689 & \\ \hline Total Liabilities and Equity & & $ & 7,819,982 & & & $ & 7,622,171 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline TOMPKINS FINANCIAL CORPORATION \\ \hline CONSOLIDATED STATEMENTS OF INCOME \\ \hline (In thousands, except per share data) (Unaudited) & & Three Months Ended & & Year Ended \\ \hline & & 12/31/2021 & & 12/31/2020 & & 12/31/2021 & & 12/31/2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & \\ \hline Loans & & $ & 53,086 & & & $ & 57,674 & & & $ & 214,684 & & & $ & 227,313 \\ \hline Due from banks & & & 77 & & & & 104 & & & & 343 & & & & 194 \\ \hline Available-for-sale debt securities & & & 6,252 & & & & 5,349 & & & & 23,440 & & & & 25,450 \\ \hline Held-to-maturity securities & & & 1,031 & & & & 0 & & & & 2,075 & & & & 0 \\ \hline Federal Home Loan Bank and other stock & & & 168 & & & & 243 & & & & 776 & & & & 1,373 \\ \hline Total Interest and Dividend Income & & & 60,614 & & & $ & 63,370 & & & $ & 241,318 & & & $ & 254,330 \\ \hline INTEREST EXPENSE & & & & & & & & \\ \hline Time certificates of deposits of $250,000 or more & & & 478 & & & & 717 & & & & 2,202 & & & & 3,175 \\ \hline Other deposits & & & 1,810 & & & & 3,066 & & & & 8,645 & & & & 16,789 \\ \hline Federal funds purchased and securities sold under agreements to repurchase & & & 16 & & & & 19 & & & & 64 & & & & 95 \\ \hline Trust preferred debentures & & & 0 & & & & 375 & & & & 2,233 & & & & 1,133 \\ \hline Other borrowings & & & 499 & & & & 1,442 & & & & 4,382 & & & & 7,799 \\ \hline Total Interest Expense & & & 2,803 & & & & 5,619 & & & & 17,526 & & & & 28,991 \\ \hline Net Interest Income & & & 57,811 & & & & 57,751 & & & & 223,792 & & & & 225,339 \\ \hline Less: Provision (credit) for credit loss expense & & & 3,914 & & & & (205 & ) & & & (2,219 & ) & & & 17,213 \\ \hline Net Interest Income After Provision for Credit Loss Expense & & & 53,897 & & & & 57,956 & & & & 226,011 & & & & 208,126 \\ \hline NONINTEREST INCOME & & & & & & & & \\ \hline Insurance commissions and fees & & & 7,783 & & & & 7,289 & & & & 34,836 & & & & 31,505 \\ \hline Investment services income & & & 5,041 & & & & 5,106 & & & & 19,388 & & & & 17,520 \\ \hline Service charges on deposit accounts & & & 1,768 & & & & 1,637 & & & & 6,347 & & & & 6,312 \\ \hline Card services income & & & 2,775 & & & & 2,378 & & & & 10,826 & & & & 9,263 \\ \hline Other income & & & 1,795 & & & & 2,429 & & & & 7,203 & & & & 8,817 \\ \hline Net (loss) gain on securities transactions & & & (8 & ) & & & (3 & ) & & & 249 & & & & 443 \\ \hline Total Noninterest Income & & & 19,154 & & & & 18,836 & & & & 78,849 & & & & 73,860 \\ \hline NONINTEREST EXPENSE & & & & & & & & \\ \hline Salaries and wages & & & 24,561 & & & & 23,037 & & & & 96,038 & & & & 92,519 \\ \hline Other employee benefits & & & 6,285 & & & & 6,552 & & & & 24,172 & & & & 24,812 \\ \hline Net occupancy expense of premises & & & 3,137 & & & & 3,400 & & & & 13,179 & & & & 12,930 \\ \hline Furniture and fixture expense & & & 2,108 & & & & 2,087 & & & & 8,328 & & & & 7,846 \\ \hline Amortization of intangible assets & & & 329 & & & & 364 & & & & 1,317 & & & & 1,484 \\ \hline Other operating expense & & & 11,734 & & & & 11,176 & & & & 47,253 & & & & 44,729 \\ \hline Total Noninterest Expenses & & & 48,154 & & & & 46,616 & & & & 190,287 & & & & 184,320 \\ \hline Income Before Income Tax Expense & & & 24,897 & & & & 30,176 & & & & 114,573 & & & & 97,666 \\ \hline Income Tax Expense & & & 5,401 & & & & 6,145 & & & & 25,182 & & & & 19,924 \\ \hline Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation & & & 19,496 & & & & 24,031 & & & & 89,391 & & & & 77,742 \\ \hline Less: Net Income Attributable to Noncontrolling Interests & & & 31 & & & & 53 & & & & 127 & & & & 154 \\ \hline Net Income Attributable to Tompkins Financial Corporation & & $ & 19,465 & & & & 23,978 & & & & 89,264 & & & & 77,588 \\ \hline Basic Earnings Per Share & & $ & 1.34 & & & $ & 1.61 & & & $ & 6.08 & & & $ & 5.22 \\ \hline Diluted Earnings Per Share & & $ & 1.33 & & & $ & 1.61 & & & $ & 6.05 & & & $ & 5.20 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited) \\ \hline & Quarter Ended & Quarter Ended \\ \hline & December 31, 2021 & December 31, 2020 \\ \hline & Average & & & & & Average & & & & \\ \hline & Balance & & & & Average & Balance & & & & Average \\ \hline (Dollar amounts in thousands) & (QTD) & & Interest & & Yield/Rate & (QTD) & & Interest & & Yield/Rate \\ \hline ASSETS & & & & & & & & & & \\ \hline Interest-earning assets & & & & & & & & & & \\ \hline Interest-bearing balances due from banks & $ & 228,570 & & $ & 77 & & & 0.13 & % & $ & 439,726 & & $ & 104 & & & 0.09 & % \\ \hline Securities (1) & & & & & & & & & & \\ \hline U.S. Government securities & & 2,248,954 & & & 6,728 & & & 1.19 & % & & 1,502,226 & & & 4,671 & & & 1.24 & % \\ \hline State and municipal (2) & & 105,215 & & & 672 & & & 2.53 & % & & 127,580 & & & 823 & & & 2.57 & % \\ \hline Other securities (2) & & 3,407 & & & 23 & & & 2.64 & % & & 3,430 & & & 24 & & & 2.78 & % \\ \hline Total securities & & 2,357,576 & & & 7,423 & & & 1.25 & % & & 1,633,236 & & & 5,518 & & & 1.34 & % \\ \hline FHLBNY and FRB stock & & 10,382 & & & 168 & & & 6.42 & % & & 16,766 & & & 244 & & & 5.80 & % \\ \hline Total loans and leases, net of unearned income (2)(3) & & 5,064,028 & & & 53,354 & & & 4.18 & % & & 5,318,607 & & & 57,949 & & & 4.33 & % \\ \hline Total interest-earning assets & & 7,660,556 & & & 61,022 & & & 3.16 & % & & 7,408,335 & & & 63,815 & & & 3.43 & % \\ \hline Other assets & & 333,260 & & & & & & 349,824 & & & & \\ \hline Total assets & $ & 7,993,816 & & & & & $ & 7,758,159 & & & & \\ \hline LIABILITIES & EQUITY & & & & & & & & & & \\ \hline Deposits & & & & & & & & & & \\ \hline Interest-bearing deposits & & & & & & & & & & \\ \hline Interest bearing checking, savings, & money market & $ & 4,130,652 & & $ & 793 & & & 0.08 & % & $ & 3,927,433 & & $ & 1,457 & & & 0.15 & % \\ \hline Time deposits & & 663,713 & & & 1,495 & & & 0.89 & % & & 734,009 & & & 2,326 & & & 1.26 & % \\ \hline Total interest-bearing deposits & & 4,794,365 & & & 2,288 & & & 0.19 & % & & 4,661,442 & & & 3,783 & & & 0.32 & % \\ \hline Federal funds purchased & securities sold under agreements to repurchase & & 61,976 & & & 16 & & & 0.11 & % & & 60,417 & & & 19 & & & 0.12 & % \\ \hline Other borrowings & & 110,370 & & & 499 & & & 1.79 & % & & 271,087 & & & 1,442 & & & 2.12 & % \\ \hline Trust preferred debentures & & 0 & & & 0 & & & 0.00 & % & & 17,091 & & & 375 & & & 8.73 & % \\ \hline Total interest-bearing liabilities & & 4,966,711 & & & 2,803 & & & 0.22 & % & & 5,010,037 & & & 5,619 & & & 0.45 & % \\ \hline Noninterest bearing deposits & & 2,185,489 & & & & & & 1,913,781 & & & & \\ \hline Accrued expenses and other liabilities & & 118,997 & & & & & & 115,227 & & & & \\ \hline Total liabilities & & 7,271,197 & & & & & & 7,039,045 & & & & \\ \hline Tompkins Financial Corporation Shareholders’ equity & & 721,123 & & & & & & 717,618 & & & & \\ \hline Noncontrolling interest & & 1,496 & & & & & & 1,496 & & & & \\ \hline Total equity & & 722,619 & & & & & & 719,114 & & & & \\ \hline & & & & & & & & & & \\ \hline Total liabilities and equity & $ & 7,993,816 & & & & & $ & 7,758,159 & & & & \\ \hline Interest rate spread & & & & & 2.94 & % & & & & & 2.98 & % \\ \hline Net interest income/margin on earning assets & & & & 58,219 & & & 3.01 & % & & & & 58,196 & & & 3.12 & % \\ \hline & & & & & & & & & & \\ \hline Tax Equivalent Adjustment & & & & (408 & ) & & & & & & (445 & ) & & \\ \hline Net interest income per consolidated financial statements & & & $ & 57,811 & & & & & & $ & 57,751 & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited) \\ \hline & Year to Date Period Ended & Year to Date Period Ended \\ \hline & December 31, 2021 & December 31, 2020 \\ \hline & Average & & & & & Average & & & & \\ \hline & Balance & & & & Average & Balance & & & & Average \\ \hline (Dollar amounts in thousands) & (YTD) & & Interest & & Yield/Rate & (YTD) & & Interest & & Yield/Rate \\ \hline ASSETS & & & & & & & & & & \\ \hline Interest-earning assets & & & & & & & & & & \\ \hline Interest-bearing balances due from banks & $ & 307,253 & & $ & 343 & & & 0.11 & % & $ & 194,211 & & $ & 194 & & & 0.10 & % \\ \hline Securities (1) & & & & & & & & & & \\ \hline U.S. Government securities & & 2,003,450 & & & 23,145 & & & 1.16 & % & & 1,307,905 & & & 22,906 & & & 1.75 & % \\ \hline State and municipal (2) & & 112,391 & & & 2,871 & & & 2.55 & % & & 114,462 & & & 3,048 & & & 2.66 & % \\ \hline Other securities (2) & & 3,417 & & & 92 & & & 2.68 & % & & 3,430 & & & 117 & & & 3.40 & % \\ \hline Total securities & & 2,119,258 & & & 26,108 & & & 1.23 & % & & 1,425,797 & & & 26,071 & & & 1.83 & % \\ \hline FHLBNY and FRB stock & & 14,830 & & & 776 & & & 5.24 & % & & 20,815 & & & 1,374 & & & 6.60 & % \\ \hline Total loans and leases, net of unearned income (2)(3) & & 5,184,491 & & & 215,709 & & & 4.16 & % & & 5,228,135 & & & 228,805 & & & 4.38 & % \\ \hline Total interest-earning assets & & 7,625,832 & & & 242,936 & & & 3.19 & % & & 6,868,958 & & & 256,444 & & & 3.73 & % \\ \hline Other assets & & 343,119 & & & & & & 489,520 & & & & \\ \hline Total assets & $ & 7,968,951 & & & & & $ & 7,358,478 & & & & \\ \hline LIABILITIES & EQUITY & & & & & & & & & & \\ \hline Deposits & & & & & & & & & & \\ \hline Interest-bearing deposits & & & & & & & & & & \\ \hline Interest bearing checking, savings, & money market & $ & 4,034,969 & & $ & 3,736 & & & 0.09 & % & $ & 3,650,358 & & $ & 9,430 & & & 0.26 & % \\ \hline Time deposits & & 711,381 & & & 7,111 & & & 1.00 & % & & 703,999 & & & 10,534 & & & 1.50 & % \\ \hline Total interest-bearing deposits & & 4,746,350 & & & 10,847 & & & 0.23 & % & & 4,354,357 & & & 19,964 & & & 0.46 & % \\ \hline Federal funds purchased & securities sold under agreements to repurchase & & 58,627 & & & 64 & & & 0.11 & % & & 55,973 & & & 95 & & & 0.17 & % \\ \hline Other borrowings & & 217,799 & & & 4,382 & & & 2.01 & % & & 365,732 & & & 7,799 & & & 2.13 & % \\ \hline Trust preferred debentures & & 7,367 & & & 2,233 & & & 30.32 & % & & 17,092 & & & 1,133 & & & 6.63 & % \\ \hline Total interest-bearing liabilities & & 5,030,143 & & & 17,526 & & & 0.35 & % & & 4,793,154 & & & 28,991 & & & 0.60 & % \\ \hline Noninterest bearing deposits & & 2,096,542 & & & & & & 1,753,226 & & & & \\ \hline Accrued expenses and other liabilities & & 117,790 & & & & & & 112,544 & & & & \\ \hline Total liabilities & & 7,244,475 & & & & & & 6,658,924 & & & & \\ \hline Tompkins Financial Corporation Shareholders’ equity & & 723,009 & & & & & & 698,087 & & & & \\ \hline Noncontrolling interest & & 1,467 & & & & & & 1,466 & & & & \\ \hline Total equity & & 724,476 & & & & & & 699,554 & & & & \\ \hline & & & & & & & & & & \\ \hline Total liabilities and equity & $ & 7,968,951 & & & & & $ & 7,358,478 & & & & \\ \hline Interest rate spread & & & & & 2.84 & % & & & & & 3.13 & % \\ \hline Net interest income/margin on earning assets & & & & 225,410 & & & 2.96 & % & & & & 227,453 & & & 3.31 & % \\ \hline & & & & & & & & & & \\ \hline Tax Equivalent Adjustment & & & & (1,618 & ) & & & & & & (2,114 & ) & & \\ \hline Net interest income per consolidated financial statements & & & $ & 223,792 & & & & & & $ & 225,339 & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Tompkins Financial Corporation - Summary Financial Data (Unaudited) & \\ \hline (In thousands, except per share data) & & & & & & & & & & & & \\ \hline & Quarter-Ended & & Year-Ended \\ \hline Period End Balance Sheet & Dec-21 & & Sep-21 & & Jun-21 & & Mar-21 & & Dec-20 & & Dec-21 & \\ \hline Securities & $ & 2,329,424 & & $ & 2,337,105 & & $ & 2,166,853 & & $ & 1,935,731 & & $ & 1,628,122 & & $ & 2,329,424 & \\ \hline Total Loans & & 5,075,467 & & & 5,096,778 & & & 5,175,129 & & & 5,292,793 & & & 5,260,327 & & & 5,075,467 & \\ \hline Allowance for credit losses & & 42,843 & & & 46,259 & & & 47,505 & & & 49,339 & & & 51,669 & & & 42,843 & \\ \hline Total assets & & 7,819,982 & & & 8,113,110 & & & 7,988,208 & & & 8,095,342 & & & 7,622,171 & & & 7,819,982 & \\ \hline Total deposits & & 6,791,435 & & & 7,090,898 & & & 6,837,000 & & & 6,946,541 & & & 6,437,752 & & & 6,791,435 & \\ \hline Federal funds purchased and securities sold under agreements to repurchase & & 66,787 & & & 72,490 & & & 52,134 & & & 47,496 & & & 65,845 & & & 66,787 & \\ \hline Other borrowings & & 124,000 & & & 110,000 & & & 245,000 & & & 265,000 & & & 265,000 & & & 124,000 & \\ \hline Trust preferred debentures & & 0 & & & 0 & & & 8,799 & & & 13,260 & & & 13,220 & & & 0 & \\ \hline Total common equity & & 727,529 & & & 720,851 & & & 726,779 & & & 708,493 & & & 716,277 & & & 727,529 & \\ \hline Total equity & & 728,941 & & & 722,357 & & & 728,253 & & & 709,936 & & & 717,689 & & & 728,941 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balance Sheet & & & & & & & & & & & & \\ \hline Average earning assets & $ & 7,660,556 & & $ & 7,753,700 & & $ & 7,609,792 & & $ & 7,475,846 & & $ & 7,408,335 & & $ & 7,625,832 & \\ \hline Average assets & & 7,993,816 & & & 8,102,070 & & & 7,949,946 & & & 7,826,672 & & & 7,758,159 & & & 7,968,951 & \\ \hline Average interest-bearing liabilities & & 4,966,711 & & & 5,086,753 & & & 5,030,800 & & & 5,036,451 & & & 5,010,037 & & & 5,030,143 & \\ \hline Average equity & & 722,619 & & & 733,117 & & & 721,336 & & & 720,718 & & & 719,114 & & & 724,476 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Share data & & & & & & & & & & & & \\ \hline Weighted average shares outstanding (basic) & & 14,452,775 & & & 14,494,533 & & & 14,654,774 & & & 14,676,410 & & & 14,715,124 & & & 14,568,763 & \\ \hline Weighted average shares outstanding (diluted) & & 14,532,480 & & & 14,568,334 & & & 14,737,735 & & & 14,757,558 & & & 14,751,303 & & & 14,648,167 & \\ \hline Period-end shares outstanding & & 14,661,001 & & & 14,659,195 & & & 14,829,873 & & & 14,906,785 & & & 14,928,479 & & & 14,661,001 & \\ \hline Common equity book value per share & $ & 49.62 & & $ & 49.17 & & $ & 49.01 & & $ & 47.53 & & $ & 47.98 & & $ & 49.62 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & & \\ \hline Net interest income & $ & 57,811 & & $ & 56,098 & & $ & 54,846 & & $ & 55,037 & & $ & 57,751 & & $ & 223,792 & \\ \hline Provision (credit) for credit loss expense (5) & & 3,914 & & & (1,232 & ) & & (3,071 & ) & & (1,830 & ) & & (205 & ) & & (2,219 & ) \\ \hline Noninterest income & & 19,154 & & & 20,854 & & & 18,858 & & & 19,983 & & & 18,836 & & & 78,849 & \\ \hline Noninterest expense (5) & & 48,154 & & & 50,180 & & & 47,442 & & & 44,511 & & & 46,616 & & & 190,287 & \\ \hline Income tax expense & & 5,401 & & & 6,630 & & & 6,471 & & & 6,680 & & & 6,145 & & & 25,182 & \\ \hline Net income attributable to Tompkins Financial Corporation & & 19,465 & & & 21,342 & & & 22,831 & & & 25,626 & & & 23,978 & & & 89,264 & \\ \hline Noncontrolling interests & & 31 & & & 32 & & & 31 & & & 33 & & & 53 & & & 127 & \\ \hline Basic earnings per share (4) & & 1.34 & & & 1.46 & & & 1.55 & & & 1.73 & & & 1.61 & & & 6.08 & \\ \hline Diluted earnings per share (4) & & 1.33 & & & 1.45 & & & 1.54 & & & 1.72 & & & 1.61 & & & 6.05 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets & & & & & & & & & & & & \\ \hline Nonaccrual loans and leases & $ & 26,033 & & $ & 47,941 & & $ & 48,019 & & $ & 41,656 & & $ & 38,976 & & $ & 26,033 & \\ \hline Loans and leases 90 days past due and accruing & & 0 & & & 7,463 & & & 0 & & & 0 & & & 0 & & & 0 & \\ \hline Troubled debt restructuring not included above & & 5,124 & & & 5,343 & & & 5,776 & & & 6,069 & & & 6,803 & & & 5,126 & \\ \hline Total nonperforming loans and leases & & 31,157 & & & 60,747 & & & 53,795 & & & 47,725 & & & 45,779 & & & 31,159 & \\ \hline OREO & & 135 & & & 135 & & & 88 & & & 88 & & & 88 & & & 135 & \\ \hline Total nonperforming assets & $ & 31,292 & & $ & 60,882 & & $ & 53,883 & & $ & 47,813 & & $ & 45,867 & & $ & 31,294 & \\ \hline \end{table} **Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Quarter-Ended & & Year-Ended \\ \hline Delinquency - Total loan and lease portfolio & Dec-21 & & Sep-21 & & Jun-21 & & Mar-21 & & Dec-20 & & Dec-21 & \\ \hline Loans and leases 30-89 days past due and accruing & $ & 3,072 & & $ & 1,436 & & $ & 1,692 & & $ & 1,790 & & $ & 3,012 & & $ & 3,072 & \\ \hline Loans and leases 90 days past due and accruing & & 0 & & & 7,463 & & & 0 & & & 0 & & & 0 & & & 0 & \\ \hline Total loans and leases past due and accruing & & 3,072 & & & 8,899 & & & 1,692 & & & 1,790 & & & 3,012 & & & 3,072 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Allowance for Credit Losses \\ \hline Balance at beginning of period & $ & 46,259 & & $ & 47,505 & & $ & 49,339 & & $ & 51,669 & & $ & 52,293 & & $ & 51,669 & \\ \hline Provision (credit) for credit losses & & 3,600 & & & (1,177 & ) & & (2,718 & ) & & (2,510 & ) & & 6 & & $ & (2,805 & ) \\ \hline Net loan and lease charge-offs (recoveries) & & 7,016 & & & 69 & & & (884 & ) & & (180 & ) & & 630 & & $ & 6,021 & \\ \hline Allowance for credit losses at end of period & $ & 42,843 & & $ & 46,259 & & $ & 47,505 & & $ & 49,339 & & $ & 51,669 & & $ & 42,843 & \\ \hline & & & & & & & \\ \hline Allowance for Credit Losses - Off-Balance Sheet Exposure \\ \hline Balance at beginning of period & $ & 2,192 & & $ & 2,247 & & $ & 2,600 & & $ & 1,920 & & $ & 2,131 & & $ & 1,920 & \\ \hline (Credit) provision for credit losses & & 314 & & & (55 & ) & & (353 & ) & & 680 & & & (211 & ) & $ & 586 & \\ \hline Allowance for credit losses at end of period & $ & 2,506 & & $ & 2,192 & & $ & 2,247 & & $ & 2,600 & & $ & 1,920 & & $ & 2,506 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Classification - Total Portfolio & & & & & & & & & & & & \\ \hline Special Mention & $ & 85,530 & & $ & 98,253 & & $ & 108,269 & & $ & 116,689 & & $ & 121,253 & & $ & 85,530 & \\ \hline Substandard & & 52,047 & & & 70,213 & & & 62,992 & & & 68,487 & & & 68,645 & & & 52,047 & \\ \hline \end{table} **Ratio Analysis** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Credit Quality & & & & & & & & & & & & \\ \hline Nonperforming loans and leases/total loans and leases & 0.61 & % & & 1.19 & % & & 1.04 & % & & 0.90 & % & & 0.87 & % & & 0.61 & % & \\ \hline Nonperforming assets/total assets & 0.40 & % & & 0.75 & % & & 0.67 & % & & 0.59 & % & & 0.60 & % & & 0.40 & % & \\ \hline Allowance for credit losses/total loans and leases & 0.84 & % & & 0.91 & % & & 0.92 & % & & 0.93 & % & & 0.98 & % & & 0.84 & % & \\ \hline Allowance/nonperforming loans and leases & 137.51 & % & & 76.15 & % & & 88.31 & % & & 103.38 & % & & 112.87 & % & & 137.49 & % & \\ \hline Net loan and lease losses annualized/total average loans and leases & 0.55 & % & & 0.01 & % & & (0.07 & )% & & (0.01 & )% & & 0.05 & % & & 0.12 & % & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Capital Adequacy & & & & & & & & & & & & \\ \hline Tier 1 Capital (to average assets) & 8.72 & % & & 8.54 & % & & 8.79 & % & & 8.89 & % & & 8.75 & % & & 8.75 & % & \\ \hline Total Capital (to risk-weighted assets) & 14.23 & % & & 14.21 & % & & 14.62 & % & & 14.62 & % & & 14.39 & % & & 14.39 & % & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability (period-end) & & & & & & & & & & & & \\ \hline Return on average assets * & 0.97 & % & & 1.05 & % & & 1.15 & % & & 1.33 & % & & 1.23 & % & & 1.12 & % & \\ \hline Return on average equity * & 10.69 & % & & 11.55 & % & & 12.70 & % & & 14.42 & % & & 13.26 & % & & 12.32 & % & \\ \hline Net interest margin (TE) * & 3.01 & % & & 2.89 & % & & 2.91 & % & & 3.01 & % & & 3.12 & % & & 2.96 & % & \\ \hline * Quarterly ratios have been annualized & \\ \hline \end{table} \begin{table}{|c|} \hline (1) Average balances and yields on available-for-sale securities are based on historical amortized cost. \\ \hline (2) Interest income includes the tax effects of taxable-equivalent adjustments using an effective income tax rate of 21% in 2021 and 2020 to increase tax exempt interest income to taxable-equivalent basis. \\ \hline (3) Nonaccrual loans are included in the average asset totals presented above. Payments received on nonaccrual loans have been recognized as disclosed in Note 1 of the Company's consolidated financial statements included in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021. \\ \hline (4) Earnings per share for the full fiscal year may not equal the sum of the quarterly earnings per share as a result of rounding of average shares. \\ \hline (5) Amounts in prior periods' financial statements are reclassified when necessary to conform to the current period's presentation. \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005041r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005041/en/](https://www.businesswire.com/news/home/20220128005041/en/) Stephen S. Romaine, President & CEO Francis M. Fetsko, Executive VP, CFO & COO Tompkins Financial Corporation (888) 503-5753 Source: Tompkins Financial Corporation
Broader Sector Information:
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: OPKO Health (OPK) Dips More Than Broader Markets: What You Should Know
Article: OPKO Health (OPK) closed the most recent trading day at $2.87, moving -1.37% from the previous trading session. This change lagged the S&P 500's 0.54% loss on the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.Coming into today, shares of the holding company with investments in pharmaceutical and diagnostics companies had lost 41.57% in the past month. In that same time, the Medical sector lost 12.54%, while the S&P 500 lost 7.87%. OPKO Health will be looking to display strength as it nears its next earnings release. On that day, OPKO Health is projected to report earnings of -$0.03 per share, which would represent a year-over-year decline of 160%. Our most recent consensus estimate is calling for quarterly revenue of $334.6 million, down 32.35% from the year-ago period.Any recent changes to analyst estimates for OPKO Health should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 109.09% lower. OPKO Health is currently a Zacks Rank #3 (Hold).The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow OPK in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [OPKO Health, Inc. (OPK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=OPK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858741/opko-health-opk-dips-more-than-broader-markets-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858741) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: When Will Cryoport, Inc. (NASDAQ:CYRX) Become Profitable?
Article: With the business potentially at an important milestone, we thought we'd take a closer look at **Cryoport, Inc.'s (NASDAQ:CYRX)** future prospects. Cryoport, Inc., a life sciences services company, provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s loss has recently broadened since it announced a US$75m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$76m, moving it further away from breakeven. Many investors are wondering about the rate at which Cryoport will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.Cryoport is bordering on breakeven, according to the 9 American Medical Equipment analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$7.6m in 2023. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 66% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. [earnings-per-share-growth](https://images.simplywall.st/asset/chart/20991737-earnings-per-share-growth-1-dark/1643368006270) NasdaqCM:CYRX Earnings Per Share Growth January 28th 2022Given this is a high-level overview, we won’t go into details of Cryoport's upcoming projects, but, keep in mind that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 18% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. **Next Steps:**There are too many aspects of Cryoport to cover in one brief article, but the key fundamentals for the company can all be found in one place – [Cryoport's company page on Simply Wall St](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq). We've also put together a list of essential aspects you should look at: - **Valuation**: What is Cryoport worth today? Has the future growth potential already been factored into the price? The [intrinsic value infographic in our free research report](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#value) helps visualize whether Cryoport is currently mispriced by the market. - **Management Team**: An experienced management team on the helm increases our confidence in the business – take a look at [who sits on Cryoport’s board and the CEO’s background](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). - **Other High-Performing Stocks**: Are there other stocks that provide better prospects with proven track records? Explore our [free list of these great stocks here](https://simplywall.st/discover/investing-ideas/206/big-green-snowflakes?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgxMDpiY2M0ZWE0ZTIzOWE1Yzhl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: ZUMZ
Security: Zumiez Inc.
Related Stocks/Topics: Stocks|CTRN|BOOT|CPRI
Title: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)
Stock Price 4 days before: 41.3926
Stock Price 2 days before: 45.0347
Stock Price 1 day before: 44.4982
Stock Price at release: 42.99
Risk-Free Rate at release: 0.0004
| 44.1971 |
Broader Economic Information:
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings and Revenues Surpass Estimates
Article: Caterpillar (CAT) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.63%. A quarter ago, it was expected that this construction equipment company would post earnings of $2.26 per share when it actually produced earnings of $2.66, delivering a surprise of 17.70%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Caterpillar, which belongs to the Zacks Manufacturing - Construction and Mining industry, posted revenues of $13.8 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $11.24 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Caterpillar shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Caterpillar?**While Caterpillar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CAT/earnings-calendar), the estimate revisions trend for Caterpillar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $13.32 billion in revenues for the coming quarter and $12.31 on $56.58 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Construction and Mining is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, H&E Equipment (HEES), is yet to report results for the quarter ended December 2021.This construction and industrial equipment service provider is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -19.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.H&E Equipment's revenues are expected to be $260.8 million, down 17.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HEES&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858874/caterpillar-cat-q4-earnings-and-revenues-surpass-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Canadian Pacific (CP) Q4 Earnings Lag Estimates
Article: Canadian Pacific (CP) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.32%. A quarter ago, it was expected that this railroad would post earnings of $0.75 per share when it actually produced earnings of $0.70, delivering a surprise of -6.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Canadian Pacific, which belongs to the Zacks Transportation - Rail industry, posted revenues of $1.62 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.35%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Canadian Pacific shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Canadian Pacific?**While Canadian Pacific has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CP/earnings-calendar), the estimate revisions trend for Canadian Pacific: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $1.6 billion in revenues for the coming quarter and $3.12 on $6.78 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Rail is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Transportation sector, Costamare (CMRE), has yet to report results for the quarter ended December 2021.This shipping company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of +263%. The consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level.Costamare's revenues are expected to be $274.48 million, up 130.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [Canadian Pacific Railway Limited (CP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CP&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [Costamare Inc. (CMRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858689/canadian-pacific-cp-q4-earnings-lag-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689)
Broader Sector Information:
Date: 2022-01-28
Title: Canadian Pacific (CP) Q4 Earnings Lag Estimates
Article: Canadian Pacific (CP) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.32%. A quarter ago, it was expected that this railroad would post earnings of $0.75 per share when it actually produced earnings of $0.70, delivering a surprise of -6.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Canadian Pacific, which belongs to the Zacks Transportation - Rail industry, posted revenues of $1.62 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.35%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Canadian Pacific shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Canadian Pacific?**While Canadian Pacific has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CP/earnings-calendar), the estimate revisions trend for Canadian Pacific: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $1.6 billion in revenues for the coming quarter and $3.12 on $6.78 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Rail is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Transportation sector, Costamare (CMRE), has yet to report results for the quarter ended December 2021.This shipping company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of +263%. The consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level.Costamare's revenues are expected to be $274.48 million, up 130.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [Canadian Pacific Railway Limited (CP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CP&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [Costamare Inc. (CMRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858689/canadian-pacific-cp-q4-earnings-lag-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858689)
Date: 2022-01-28
Title: Investing in Home Bancorp (NASDAQ:HBCP) a year ago would have delivered you a 43% gain
Article: These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the **Home Bancorp, Inc.** (NASDAQ:HBCP) share price is up 39% in the last 1 year, clearly besting the market return of around 3.7% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! The longer term returns have not been as good, with the stock price only 13% higher than it was three years ago.So let's assess the underlying fundamentals over the last 1 year and see if they've moved in lock-step with shareholder returns. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Home Bancorp was able to grow EPS by 146% in the last twelve months. It's fair to say that the share price gain of 39% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about Home Bancorp as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 6.96.The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/45714963-earnings-per-share-growth-1-dark/1643373089269) NasdaqGS:HBCP Earnings Per Share Growth January 28th 2022We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This **free** interactive report on Home Bancorp's [earnings, revenue and cash flow](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past) is a great place to start, if you want to investigate the stock further. **What About Dividends?**As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Home Bancorp, it has a TSR of 43% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! **A Different Perspective** We're pleased to report that Home Bancorp shareholders have received a total shareholder return of 43% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 5%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered [2 warning signs for Home Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) (1 doesn't sit too well with us!) that you should be aware of before investing here.If you like to buy stocks alongside management, then you might just love this **free** [list of companies. (Hint: insiders have been buying them).](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875069&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTA2OTo1NjlmNGYyYzZmMWI4MWUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Relative Strength Alert For Astec Industries
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Astec Industries, Inc. (Symbol: ASTE) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $61.39 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at ASTE's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ASTE shares:[Astec Industries, Inc. 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, ASTE's low point in its 52 week range is $50.29 per share, with $80 as the 52 week high point — that compares with a last trade of $61.83. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Date: 2022-01-28
Title: 36 of the Best Ideas Companies to Present at the 2nd Annual Winter Wonderland Virtual Investor Conference on February 8th - 11th, 2022
Article: **RALEIGH, NC / ACCESSWIRE / January 28, 2022 /**The Winter Wonderland Best Ideas Virtual Investor Conference will take place on February 8th - 11th, 2022, where 36 SmallCap, MicroCap and NanoCap public companies will be presenting via virtual webcast to a global investor audience.The virtual conference begins on Tuesday, February 8th, 2022, with company presentations beginning at 8:30 am Eastern Time. Presentations will be webcast on Tuesday and Wednesday (February 8th and 9th) with 1x1 Meetings being held on Thursday and Friday (February 10th and 11th).Join us for a full two days of presentations that were nominated by qualified investors as a "Best Idea." A preliminary agenda is located here: [https://microcaprodeo.com/agenda](https://pr.report/mpH9-vND) If you would like to attend and participate in the 2nd Annual Winter Wonderland Best Ideas Virtual Conference, please register here to listen to every webcast directly on the website and book 1x1 meetings with presenting companies: [https://microcaprodeo.com/signup](https://pr.report/NC6FEne0) Full event website: [https://microcaprodeo.com/](https://pr.report/-DpdcrWn) On Tuesday February 8th and Wednesday February 9th, the following issuers will be presenting their companies virtually. \begin{table}{|c|c|} \hline Organization & Ticker \\ \hline Achieve Life Sciences & ACHV \\ \hline AgriFORCE Growing Systems Ltd. & AGRI \\ \hline Alimera Sciences & ALIM \\ \hline Aspira Women's Health & AWH \\ \hline Assertio Holdings, Inc. & ASRT \\ \hline Biolase & BIOL \\ \hline Charah Solutions & CHRA \\ \hline Data Storage Corporation & DTST \\ \hline Duos Technologies, Inc. & DUOT \\ \hline Fortress Biotech & FBIO \\ \hline Genasys Inc. & GNSS \\ \hline Greenbox POS & GBOX \\ \hline iCAD & ICAD \\ \hline Issuer Direct Corporation & ISDR \\ \hline LifeMD, Inc, & LFMD \\ \hline Medexus Pharmaceuticals, Inc. & TSXV: MDP, OTCQX: MEDXF \\ \hline Milestone Scientific & MLSS \\ \hline Nanalysis Scientific Corp. & NSCI \\ \hline NeuroOne Medical Technologies Corp. & NMTC \\ \hline Nova Leap Health Corp. & NLH.V \\ \hline Opera & OPRA \\ \hline ProPhase Labs, Inc. & PRPH \\ \hline PyroGenesis Canada Inc & TSX:PYR, NASDAQ:PYR \\ \hline Red Cat Propware Inc & \\ \hline Senstar & SNT \\ \hline Stran & Company, Inc. & STRN \\ \hline Tego Cyber Inc. & TGCB \\ \hline TETRA Technologies & TTI \\ \hline Trust Stamp & IDAI \\ \hline Vicinity Motor Corp. & NASDAQ:VEV \\ \hline \end{table} Please contact Angie Wright via [email](mailto:[email protected]) or at 919-228-6240 if you are interested in attending or simply register here and then select companies you are interested in meeting with in a 1x1 setting.We look forward to seeing you at the conference. **About the MicroCap Rodeo Best Ideas Conferences** The MicroCap Rodeo is back with its fourth "Best Ideas" conference. This conference is a virtual conference that brings you the top 36 best ideas. Qualified institutional investors recommended each of the 36 companies represented as one of their best ideas. Those of you who attended the 2019 MicroCap Rodeo in Austin, Texas, know that we're focused on alpha. **SOURCE:**MicroCap RodeoView source version on [accesswire.com](http://accesswire.com/): [https://www.accesswire.com/685976/36-of-the-Best-Ideas-Companies-to-Present-at-the-2nd-Annual-Winter-Wonderland-Virtual-Investor-Conference-on-February-8th--11th-2022](https://www.accesswire.com/685976/36-of-the-Best-Ideas-Companies-to-Present-at-the-2nd-Annual-Winter-Wonderland-Virtual-Investor-Conference-on-February-8th--11th-2022)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: WTTR
Security: Select Energy Services, Inc.
Related Stocks/Topics: Technology|PTEN
Title: Zacks.com featured highlights include: Veoneer, PattersonUTI Energy and Select Energy Services
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **For Immediate Release** Chicago, IL – January 28, 2022 – Stocks in this week’s article are Veoneer [VNE](https://www.nasdaq.com/market-activity/stocks/vne), PattersonUTI Energy [PTEN](https://www.nasdaq.com/market-activity/stocks/pten) and Select Energy Services [WTTR](https://www.nasdaq.com/market-activity/stocks/wttr). **3 Best Stocks to Buy for Solid Earnings Acceleration** If the rate of a company’s quarter-over-quarter earnings growth increases within a stipulated frame of time, it can be called earnings acceleration. In other words, earnings acceleration is the incremental growth in a company’s earnings per share (EPS). We all know that constant earnings growth captivates almost everyone, from top brass to research analysts. This is because earnings are a measure of the money a company is making. Still, earnings acceleration works even better when it comes to lifting the stock price. Studies have shown that most successful stocks had seen an acceleration in earnings before an uptick in the stock price.In case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven’t caught the attention of investors yet, which once secured will invariably lead to a rally in the share price. This is because earnings acceleration considers both direction and magnitude of growth rates.An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may at times drag prices down. **For the rest of this Screen of the Week article please visit Zacks.com at:** [https://www.zacks.com/stock/news/1858015/3-best-stocks-to-buy-for-solid-earnings-acceleration](https://www.zacks.com/stock/news/1858015/3-best-stocks-to-buy-for-solid-earnings-acceleration) Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. **About Screen of the Week** Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. **Strong Stocks that Should Be in the News** Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. [See these high-potential stocks free >>.](https://www.zacks.com/stocks/buy-list?adid=ZCOM_ZP_PRESSRELEASE_BUYS&icid=EOAC-PressRelease-tx-ZP) Follow us on Twitter: [https://www.twitter.com/zacksresearch](https://www.twitter.com/zacksresearch) Join us on Facebook: [https://www.facebook.com/ZacksInvestmentResearch](https://www.facebook.com/ZacksInvestmentResearch) Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: [[email protected]](mailto:[email protected]) Visit: [https://www.zacks.com/](https://www.zacks.com/) Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. [www.zacks.com/disclaimer](https://www.zacks.com/disclaimer/).Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit [https://www.zacks.com/performance](https://www.zacks.com/performance) for information about the performance numbers displayed in this press release. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_PRESSRELEASES_01282022&cid=CS-NASDAQ-FT-press_releases-1859204) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [PattersonUTI Energy, Inc. (PTEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=PTEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [Select Energy Services (WTTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WTTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [Veoneer, Inc. (VNE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VNE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859204/zacks-com-featured-highlights-include-veoneer-pattersonuti-energy-and-select-energy-services?cid=CS-NASDAQ-FT-press_releases-1859204) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 6.40065
Stock Price 2 days before: 7.20271
Stock Price 1 day before: 6.83
Stock Price at release: 6.51908
Risk-Free Rate at release: 0.0004
| 8.20737 |
Broader Economic Information:
Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. 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(LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Community West Bancshares Reports Fourth Quarter Earnings of $2.9 Million, or $0.33 Per Diluted Share, and Record Net Income of $13.1 Million, or $1.50 Per Diluted Share, for the Year; Declares Quarterly Cash Dividend of $0.07 Per Common Share
Article: GOLETA, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), today reported net income increased 10.2% to $2.9 million, or $0.33 per diluted share, for the fourth quarter, compared to $2.6 million, or $0.31 diluted share, for the fourth quarter of 2020, and decreased compared to $3.6 million, or $0.41 per diluted share, for the third quarter of 2021. For the full year 2021, the Company reported record net income of $13.1 million, or $1.50 per diluted share, an increase of 58.9% compared to $8.2 million, or $0.97 per diluted share, for the full year 2020. “We delivered excellent fourth quarter and full year 2021 financial results, highlighted by strong organic loan growth, record loan production, and solid revenue growth,” stated Martin E. Plourd, Chief Executive Officer. “The continued success of our outreach to new and existing clients during the quarter generated increased income and had a meaningful impact on loan generation with new loan commitments of $41.6 million in 4Q21 to offset SBA PPP loan forgiveness of $14.8 million. We continue to focus on deploying excess liquidity through increased lending activity, while closely monitoring our loan portfolio and asset quality metrics. As one of the last remaining community banks of scale along California's Central Coast, we believe we are operating from a position of strength as we enter 2022, and we will continue to work to create value for our shareholders, our clients and our communities.” **Fourth Quarter 2021 Financial Highlights:** - Net income was $2.9 million, or $0.33 per diluted share in the fourth quarter, compared to $3.6 million, or $0.41 per diluted share in third quarter, and $2.6 million, or $0.31 per diluted share in the fourth quarter of 2020. - Net interest income for the quarter was $10.7 million compared to $10.9 million in the third quarter and $9.8 million in the fourth quarter of 2020. - Provision expense for the fourth quarter was $26,000, compared to $7,000 in the prior quarter and a $44,000 negative provision in the fourth quarter of 2020. - The allowance for loan losses (“ALL”) was 1.20% of total loans held for investment at December 31, 2021, and 1.23% of total loans held for investment, excluding the $21.3 million of Paycheck Protection Program (“PPP”) loans which are 100% guaranteed by the Small Business Administration (“SBA”).* - Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, compared to $219.8 million at September 30, 2021, and $181.8 million at December 31, 2020. - Total loans increased $1.5 million to $892.1 million at December 31, 2021, compared to $890.6 million at September 30, 2021, and increased $34.5 million compared to $857.6 million at December 31, 2020. - Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. - The Bank’s Tier 1 leverage ratio was 8.56% at December 31, 2021, compared to 8.59% at September 30, 2021, and 9.29% at December 31, 2020. - Net non-accrual loans improved to $565,000 at December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. *Non GAAP **COVID-19 Pandemic and PPP loan Update** “Contributing to our success in 2021 was our continued participation in the SBA’s PPP program,” said Plourd. “As of December 31, 2021, we had 93 PPP loans totaling $21.3 million remaining on our balance sheet from both the first and second rounds of funding. During the fourth quarter of 2021, $14.8 million of the PPP loans were forgiven by the SBA. We recognized $483,000 of income in net fees related to PPP loans during the fourth quarter, compared to $1.0 million of income in net fees during the third quarter, and have $536,000 remaining in net unrecognized fees related to PPP loans that will be recognized as income through amortization or once the loans are paid off or forgiven by the SBA. As these loans are forgiven, we will use the liquidity to pursue new lending opportunities as well as focus on further reduction in funding costs.” “Our focus on delivering an exceptional client experience throughout the PPP process, from the initial loan origination to the forgiveness process, is helping bring in new clients. As of December 31, 2021, we had brought over 175 new clients to the Bank, and are already beginning to see success with developing full banking relationships with these new clients,” said William F. Filippin, President, of Community West Bank. The Company continues to closely monitor high-risk industry loans. The industries most heavily impacted include retail, healthcare, hospitality, schools and energy. The Company continues to evaluate loans related to affected industries, and at December 31, 2021, the Bank’s loans to these industries were $158.4 million, which is 17.8% of its $892.1 million loan portfolio. Of the selected industry loans, $918,000, or less than 1%, are on non-accrual at December 31, 2021, compared to $3.0 million at December 31, 2020. Also, of the selected industry loans, the classified loans are $13.4 million, or 8.5% at December 31, 2021, compared to $16.9 million or 9.4% at December 31, 2020. Additional detail by industry at December 31, 2021 is included in the table below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & \\ \hline Sectors Under Focus (Excluding PPP Loans) \\ \hline As of 12/31/21 (in thousands) & & Loans Outstanding & & $ Non-accrual & % Non-accrual & & $ Classified & % Classified & & $ Deferrals & % Deferral \\ \hline Healthcare & $ & 50,126 & $ & - & 0.00 & % & $ & 1,995 & 3.98 & % & $ & - & 0.00 & % \\ \hline Senior/Assted Living Facilities & & 23,505 & & - & 0.00 & % & & & 0.00 & % & & - & 0.00 & % \\ \hline Medical Offices & & 16,769 & & - & 0.00 & % & & 233 & 1.39 & % & & - & 0.00 & % \\ \hline General Healthcare & & 9,852 & & - & 0.00 & % & & 1,762 & 17.88 & % & & - & 0.00 & % \\ \hline Hospitality & & 49,392 & & 918 & 1.86 & % & & 3,567 & 7.22 & % & & - & 0.00 & % \\ \hline Lodging & & 40,936 & & - & 0.00 & % & & 2,486 & 6.07 & % & & - & 0.00 & % \\ \hline Restaurants & & 8,456 & & 918 & 10.86 & % & & 1,081 & 12.78 & % & & - & 0.00 & % \\ \hline Retail Commercial Real Estate & 45,835 & & 0 & 0.00 & % & & 7,739 & 16.88 & % & & & 0.00 & % \\ \hline Retail Services & & 11,870 & & 0 & 0.00 & % & & 1 & 0.01 & % & & - & 0.00 & % \\ \hline Schools & & 1,115 & & 0 & 0.00 & % & & - & 0.00 & % & & - & 0.00 & % \\ \hline Energy & & 85 & & 0 & 0.00 & % & & 85 & 100.00 & % & & - & 0.00 & % \\ \hline Total & $ & 158,423 & $ & 918 & 0.58 & % & $ & 13,387 & 8.45 & % & $ & - & 0.00 & % \\ \hline \end{table} **Income Statement** Net interest income totaled $10.7 million in fourth quarter, compared to $10.9 million in third quarter, and $9.8 million in the fourth quarter of 2020. For the full year 2021, net interest income increased 15.8% to $42.4 million, compared to $36.6 million in 2020. Net interest margin was 3.77% for fourth quarter, a 20-basis point contraction compared to the third quarter, and a 36-basis point contraction compared to fourth quarter of 2020. “Despite a 10-basis point benefit from PPP loan payoffs for the fourth quarter of 2021, net interest margin was negatively impacted by excess balance sheet liquidity,” said Richard Pimentel, Chief Financial Officer. The cost of funds for the fourth quarter decreased 5-basis points to 0.31%, compared to 0.36% for the third quarter, and improved by 23-basis points compared to 0.54% for the fourth quarter of 2020. PPP loans included fees accounted for 10 basis points of net interest margin for the fourth quarter compared to 25-basis points in the third quarter, and 6 basis points in the fourth quarter of 2020. For the year 2021, the net interest margin expanded 14-basis points to 4.03%, compared to 3.89% for 2020. Income from PPP loans contributed 13-basis points to the net interest margin in 2021 compared to 6-basis points in 2020. Non-interest income totaled $944,000 in fourth quarter, compared to $1.0 million in third quarter, and $970,000 in fourth quarter of 2020. The decrease in the fourth quarter was primarily due to lower loan fees, servicing revenues and less revenue from loan sales. Other loan fees were $343,000 for the fourth quarter, compared to $383,000 in the third quarter and $383,000 in the fourth quarter of 2020. Gain on sale of loans was $109,000 in fourth quarter, compared to $118,000 in the third quarter and $209,000 in fourth quarter of 2020. Non-interest income was $3.8 million for the year 2021, compared to $3.9 million for the year 2020, with the decrease during the year largely due to a reduction in loan fees and lower gain on sale of loans partially offset by an increase in other income related to increases in serving revenue and fair value adjustments on investments held at fair value. Non-interest expense totaled $7.6 million in fourth quarter, compared to $6.9 million in third quarter, and $7.1 million in fourth quarter of 2020. The Company’s efficiency ratio was 65.23% for fourth quarter, compared to 57.31% for third quarter, and 65.68% for the fourth quarter of 2020. For the full year 2021, non-interest expense was $28.0 million, compared to $27.5 million in 2020. The Company continues to focus on expense control and gaining efficiencies through use of technology and process improvement. The efficiency ratio for the full year 2021 was 60.69% compared to 67.96% for the full year 2020. **Balance Sheet** Total assets increased $21.5 million, or 1.9%, to $1.16 billion at December 31, 2021, compared to $1.14 billion, at September 30, 2021, and increased $181.6 million, or 18.6%, compared to $975.4 million, at December 31, 2020. Total loans increased by $1.5 million, to $892.1 million at December 31, 2021, compared to $890.6 million, at September 30, 2021, and increased $34.5 million, or 4.0%, compared to $857.6 million, at December 31, 2020. Total loans, excluding PPP loans, increased $16.3 million during the quarter, or 1.9%, and increased $82.7 million, or 10.5%, compared to December 31, 2020. Commercial real estate loans outstanding (which include SBA 504, construction and land) were up 19.6% from year ago levels to $480.8 million at December 31, 2021, and comprise 53.9% of the total loan portfolio. Manufactured housing loans were up 6.1% from year ago levels to $297.4 million and represent 33.3% of total loans. PPP loans were $21.3 million at December 31, 2021, and represent 2.4% of total loans, down from $36.1 million at September 30, 2021, and $69.5 million at December 31, 2020. Commercial loans (which include agriculture loans) were down 10.4% from year ago levels to $72.4 million and represent 8.1% of the total loan portfolio. Total deposits increased $18.2 million, or 2.0%, to $950.1 million at December 31, 2021, compared to $931.9 million at September 30, 2021, and increased $183.9 million, or 24.0%, compared to $766.2 million at December 31, 2020. Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, a $9.9 million decrease compared to $219.8 million at September 30, 2021, and a $28.1 million increase compared to $181.8 million at December 31, 2020. Interest-bearing demand deposits increased $29.5 million to $537.5 million at December 31, 2021, compared to $508.0 million at September 30, 2021, and increased $139.4 million compared to $398.1 million at December 31, 2020. Certificates of deposit, which include brokered deposits, decreased $3.8 million during the quarter to $179.1 million at December 31, 2021, compared to $182.9 million at September 30, 2021, and increased $11.5 million compared to $167.5 million at December 31, 2020. Stockholders’ equity increased to $101.4 million at December 31, 2021, compared to $98.8 million at September 30, 2021, and $89.0 million at December 31, 2020. Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. **Credit Quality** “Credit quality metrics improved during the quarter, with a substantial decrease in net-nonaccrual loans,” said Plourd. “We continue to closely monitor our loan portfolio and have elevated credit monitoring structures in place. Our disciplined approach of managing potential problem loans early has helped to keep us from incurring losses. This conservative loan grading system is a strategy that we put in place years ago and is reflective in our historic low loss ratio.” At December 31, 2021, asset quality reflected improvement due to positive loan risk rating migrations during the fourth quarter. Total classified loans decreased year-over-year due to proactive risk rating of loans showing signs of financial stress during the pandemic, while net non-accrual loans also decreased year over year. All loans rated “Watch” or worse are monitored monthly and proactive measures are taken when any signs of deterioration to the credit are discovered. The Company recorded a provision expense of $26,000 in the fourth quarter compared to a provision expense of $7,000 in third quarter and a negative provision expense of $44,000 in the fourth quarter of 2020. The allowance for credit losses, including the reserve for undisbursed loans, was $10.5 million, or 1.20% of total loans held for investment, at December 31, 2021, and 1.23% of total loans held for investment excluding PPP loans. Net non-accrual loans, plus net other assets acquired through foreclosure, decreased 28.5% to $3.1 million at December 31, 2021, compared to $4.3 million at September 30, 2021, and decreased 50.9% compared to $6.3 million at December 31, 2020. There was $565,000 in net non-accrual loans as of December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. Of the $565,000 of net non-accrual loans at December 31, 2021, $1,000 were SBA 504 loans, $306,000 were manufactured housing loans, and $258,000 were single family real estate loans. There was $2.5 million in other assets acquired through foreclosure as of December 31, 2021, compared to $2.6 million at September 30, 2021, and at December 31, 2020. The majority of this balance relates to one property in the amount of $2.3 million. **Cash Dividend Declared** The Company’s Board of Directors declared a quarterly cash dividend of $0.07 per common share, payable February 28, 2022 to common shareholders of record on February 11, 2022. **Stock Repurchase Program** On August 27, 2021, the Company announced that its Board of Directors had extended the stock repurchase plan until August 31, 2023. The Company did not repurchase shares during the fourth quarter of 2021, leaving $1.4 million available under the previously announced repurchase program. **Company Overview** Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, the largest publicly traded community bank serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard and Paso Robles. The principal business activities of the Company are Relationship Banking, Manufactured Housing lending and Government Guaranteed lending. **Industry Accolades** Community West was named to Piper Sandler’s Bank and Thrift Sm-All Stars – Class of 2021. This award recognized Community West as one of the top 35 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion. Community West Bank was awarded a “Super Premier Performance” rating by The Findley Reports. For 52 years, The Findley Reports has been recognizing the financial performance of banking institutions in California and the Western United States. Community West Bank is rated 5-star Superior by Bauer Financial. **Safe Harbor Disclosure** This release contains certain forward-looking statements about the Company and the Bank that are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about future financial and operational results, expectations, or intentions are forward-looking statements. Such statements reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, risks from the COVID-19 pandemic, the strength of the United States economy in general and of the local economies in which we conduct operations, the effect of, and changes in, trade, monetary and fiscal policies and laws, including changes in interest rate policies of the Board of Governors of the Federal Reserve System, inflation, weather, natural disasters, climate change, increased unemployment, deterioration in credit quality of our loan portfolio and/or the value of the collateral securing the repayment of those loans, reduction in the value of our investment securities, the costs and effects of litigation and of adverse outcomes of such litigation, the cost and ability to attract and retain key employees, a breach of our operational or security systems, policies or procedures including cyber-attacks on us or third party vendors or service providers, regulatory or legal developments, United States tax policies, including our effective income tax rate, and our ability to implement and execute our business plan and strategy and expand our operations as provided therein. Actual results may differ materially from those set forth or implied in the forward-looking statements as a result of a variety of factors including the risk factors contained in documents filed by the Company with the Securities and Exchange Commission and are available in the “Investor Relations” section of our website, [https://www.communitywest.com/sec-filings/documents/default.aspx](https://www.communitywest.com/sec-filings/documents/default.aspx). The Company is under no obligation (and expressly disclaims any obligation) to update or alter such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & \\ \hline CONDENSED CONSOLIDATED BALANCE SHEETS & & & & & & & \\ \hline (unaudited) & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & \\ \hline & & & & & & & \\ \hline & & December 31, & September 30, & & December 31, & \\ \hline & & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline & & & & & & & \\ \hline Cash and cash equivalents & & $ & 1,621 & & & $ & 2,129 & & & $ & 1,587 & & \\ \hline Interest-earning deposits in other financial institutions & & & 206,754 & & & & 184,806 & & & & 58,953 & & \\ \hline Investment securities & & & 22,773 & & & & 23,608 & & & & 22,043 & & \\ \hline Loans: & & & & & & & \\ \hline Commercial & & & 72,423 & & & & 66,713 & & & & 80,851 & & \\ \hline Commercial real estate & & & 480,801 & & & & 473,338 & & & & 402,148 & & \\ \hline SBA & & & 8,580 & & & & 9,589 & & & & 11,851 & & \\ \hline Paycheck Protection Program (PPP) & & & 21,317 & & & & 36,109 & & & & 69,542 & & \\ \hline Manufactured housing & & & 297,363 & & & & 292,476 & & & & 280,284 & & \\ \hline Single family real estate & & & 8,663 & & & & 8,659 & & & & 10,358 & & \\ \hline HELOC & & & 3,579 & & & & 3,717 & & & & 3,861 & & \\ \hline Other (1) & & & (643 & ) & & & (6 & ) & & & (1,318 & ) & \\ \hline Total loans & & & 892,083 & & & & 890,595 & & & & 857,577 & & \\ \hline & & & & & & & \\ \hline Loans, net & & & & & & & \\ \hline Held for sale & & & 23,408 & & & & 24,400 & & & & 31,229 & & \\ \hline Held for investment & & & 868,675 & & & & 866,195 & & & & 826,348 & & \\ \hline Less: Allowance for loan losses & & & (10,404 & ) & & & (10,283 & ) & & & (10,194 & ) & \\ \hline Net held for investment & & & 858,271 & & & & 855,912 & & & & 816,154 & & \\ \hline NET LOANS & & & 881,679 & & & & 880,312 & & & & 847,383 & & \\ \hline & & & & & & & \\ \hline Other assets & & & 44,225 & & & & 44,735 & & & & 45,469 & & \\ \hline & & & & & & & \\ \hline TOTAL ASSETS & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Deposits & & & & & & & \\ \hline Non-interest-bearing demand & & $ & 209,893 & & & $ & 219,826 & & & $ & 181,837 & & \\ \hline Interest-bearing demand & & & 537,508 & & & & 508,020 & & & & 398,101 & & \\ \hline Savings & & & 23,675 & & & & 21,202 & & & & 18,736 & & \\ \hline Certificates of deposit ($250,000 or more) & & & 17,612 & & & & 15,956 & & & & 30,536 & & \\ \hline Other certificates of deposit & & & 161,443 & & & & 166,938 & & & & 136,975 & & \\ \hline Total deposits & & & 950,131 & & & & 931,942 & & & & 766,185 & & \\ \hline Other borrowings & & & 90,000 & & & & 90,000 & & & & 105,000 & & \\ \hline Other liabilities & & & 15,546 & & & & 14,881 & & & & 15,243 & & \\ \hline TOTAL LIABILITIES & & & 1,055,677 & & & & 1,036,823 & & & & 886,428 & & \\ \hline & & & & & & & \\ \hline Stockholders' equity & & & 101,375 & & & & 98,767 & & & & 89,007 & & \\ \hline & & & & & & & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Common shares outstanding & & & 8,650 & & & & 8,616 & & & & 8,473 & & \\ \hline & & & & & & & \\ \hline Book value per common share & & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & \\ \hline & & & & & & & \\ \hline (1) Includes consumer, other loans, securitized loans, and deferred fees & & & & & & & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & \\ \hline & & & Three Months Ended & \\ \hline & & & December 31, & & September 30, & & June 30, & & March 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2021 & & 2021 & & 2020 & \\ \hline & & & & & & & & & & & & \\ \hline Interest income & & & & & & & & & & & & \\ \hline Loans, including fees & & & $ & 11,258 & & $ & 11,576 & & $ & 11,433 & & & $ & 10,856 & & & $ & 10,790 & & \\ \hline Investment securities and other & & & & 279 & & & 259 & & & 218 & & & & 199 & & & & 196 & & \\ \hline Total interest income & & & & 11,537 & & & 11,835 & & & 11,651 & & & & 11,055 & & & & 10,986 & & \\ \hline & & & & & & & & & & & & \\ \hline Deposits & & & & 614 & & & 708 & & & 771 & & & & 742 & & & & 815 & & \\ \hline Other borrowings & & & & 206 & & & 198 & & & 194 & & & & 271 & & & & 378 & & \\ \hline Total interest expense & & & & 820 & & & 906 & & & 965 & & & & 1,013 & & & & 1,193 & & \\ \hline Net interest income & & & & 10,717 & & & 10,929 & & & 10,686 & & & & 10,042 & & & & 9,793 & & \\ \hline Provision (credit) for loan losses & & & & 26 & & & 7 & & & (41 & ) & & & (173 & ) & & & (44 & ) & \\ \hline Net interest income after provision for loan losses & & & & 10,691 & & & 10,922 & & & 10,727 & & & & 10,215 & & & & 9,837 & & \\ \hline Non-interest income & & & & & & & & & & & & \\ \hline Other loan fees & & & & 343 & & & 383 & & & 310 & & & & 313 & & & & 383 & & \\ \hline Gains from loan sales, net & & & & 109 & & & 118 & & & 130 & & & & 118 & & & & 209 & & \\ \hline Document processing fees & & & & 123 & & & 145 & & & 138 & & & & 106 & & & & 129 & & \\ \hline Service charges & & & & 84 & & & 77 & & & 74 & & & & 67 & & & & 83 & & \\ \hline Other & & & & 285 & & & 317 & & & 220 & & & & 293 & & & & 166 & & \\ \hline Total non-interest income & & & & 944 & & & 1,040 & & & 872 & & & & 897 & & & & 970 & & \\ \hline Non-interest expenses & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & & 4,884 & & & 4,478 & & & 4,379 & & & & 4,565 & & & & 4,594 & & \\ \hline Occupancy, net & & & & 893 & & & 802 & & & 780 & & & & 779 & & & & 751 & & \\ \hline Professional services & & & & 441 & & & 434 & & & 430 & & & & 340 & & & & 399 & & \\ \hline Data processing & & & & 251 & & & 292 & & & 332 & & & & 340 & & & & 254 & & \\ \hline Depreciation & & & & 186 & & & 191 & & & 198 & & & & 205 & & & & 202 & & \\ \hline FDIC assessment & & & & 146 & & & 127 & & & 121 & & & & 91 & & & & 165 & & \\ \hline Advertising and marketing & & & & 198 & & & 189 & & & 164 & & & & 183 & & & & 110 & & \\ \hline Stock-based compensation & & & & 129 & & & 63 & & & 58 & & & & 68 & & & & 68 & & \\ \hline Other & & & & 478 & & & 284 & & & 207 & & & & 289 & & & & 526 & & \\ \hline Total non-interest expenses & & & & 7,606 & & & 6,860 & & & 6,669 & & & & 6,860 & & & & 7,069 & & \\ \hline Income before provision for income taxes & & & & 4,029 & & & 5,102 & & & 4,930 & & & & 4,252 & & & & 3,738 & & \\ \hline Provision for income taxes & & & & 1,135 & & & 1,467 & & & 1,379 & & & & 1,231 & & & & 1,111 & & \\ \hline Net income & & & $ & 2,894 & & $ & 3,635 & & $ & 3,551 & & & $ & 3,021 & & & $ & 2,627 & & \\ \hline Earnings per share: & & & & & & & & & & & & \\ \hline Basic & & & $ & 0.34 & & $ & 0.42 & & $ & 0.42 & & & $ & 0.36 & & & $ & 0.31 & & \\ \hline Diluted & & & $ & 0.33 & & $ & 0.41 & & $ & 0.41 & & & $ & 0.35 & & & $ & 0.31 & & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & Three Months Ended & & Twelve Months Ended & \\ \hline & & December 31, & December 31, & December 31, & December 31, \\ \hline & & 2021 & & 2020 & & & 2021 & & 2020 & \\ \hline & & & & & & & & & \\ \hline Interest income & & & & & & & & & \\ \hline Loans, including fees & & $ & 11,258 & & $ & 10,790 & & & $ & 45,123 & & & $ & 42,948 & \\ \hline Investment securities and other & & & 279 & & & 196 & & & & 955 & & & & 906 & \\ \hline Total interest income & & & 11,537 & & & 10,986 & & & & 46,078 & & & & 43,854 & \\ \hline & & & & & & & & & \\ \hline Deposits & & & 614 & & & 815 & & & & 2,835 & & & & 5,483 & \\ \hline Other borrowings & & & 206 & & & 378 & & & & 869 & & & & 1,782 & \\ \hline Total interest expense & & & 820 & & & 1,193 & & & & 3,704 & & & & 7,265 & \\ \hline Net interest income & & & 10,717 & & & 9,793 & & & & 42,374 & & & & 36,589 & \\ \hline Provision (credit) for loan losses & & & 26 & & & (44 & ) & & & (181 & ) & & & 1,223 & \\ \hline Net interest income after provision for loan losses & & & 10,691 & & & 9,837 & & & & 42,555 & & & & 35,366 & \\ \hline Non-interest income & & & & & & & & & \\ \hline Other loan fees & & & 343 & & & 383 & & & & 1,349 & & & & 1,546 & \\ \hline Gains from loan sales, net & & & 109 & & & 209 & & & & 475 & & & & 920 & \\ \hline Document processing fees & & & 123 & & & 129 & & & & 512 & & & & 513 & \\ \hline Service charges & & & 84 & & & 83 & & & & 302 & & & & 354 & \\ \hline Other & & & 285 & & & 166 & & & & 1,115 & & & & 579 & \\ \hline Total non-interest income & & & 944 & & & 970 & & & & 3,753 & & & & 3,912 & \\ \hline Non-interest expenses & & & & & & & & & \\ \hline Salaries and employee benefits & & & 4,884 & & & 4,594 & & & & 18,306 & & & & 17,968 & \\ \hline Occupancy, net & & & 893 & & & 751 & & & & 3,254 & & & & 3,036 & \\ \hline Professional services & & & 441 & & & 399 & & & & 1,645 & & & & 1,801 & \\ \hline Data processing & & & 251 & & & 254 & & & & 1,215 & & & & 1,055 & \\ \hline Depreciation & & & 186 & & & 202 & & & & 780 & & & & 821 & \\ \hline FDIC assessment & & & 146 & & & 165 & & & & 485 & & & & 565 & \\ \hline Advertising and marketing & & & 198 & & & 110 & & & & 734 & & & & 673 & \\ \hline Stock-based compensation & & & 129 & & & 68 & & & & 318 & & & & 319 & \\ \hline Other & & & 478 & & & 526 & & & & 1,258 & & & & 1,285 & \\ \hline Total non-interest expenses & & & 7,606 & & & 7,069 & & & & 27,995 & & & & 27,523 & \\ \hline Income before provision for income taxes & & & 4,029 & & & 3,738 & & & & 18,313 & & & & 11,755 & \\ \hline Provision for income taxes & & & 1,135 & & & 1,111 & & & & 5,212 & & & & 3,510 & \\ \hline Net income & & $ & 2,894 & & $ & 2,627 & & & $ & 13,101 & & & $ & 8,245 & \\ \hline Earnings per share: & & & & & & & & & \\ \hline Basic & & $ & 0.34 & & $ & 0.31 & & & $ & 1.53 & & & $ & 0.97 & \\ \hline Diluted & & $ & 0.33 & & $ & 0.31 & & & $ & 1.50 & & & $ & 0.97 & \\ \hline & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ADDITIONAL FINANCIAL INFORMATION & & & & & & & & & & \\ \hline (Dollars and shares in thousands except per share amounts)(Unaudited) & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline PERFORMANCE MEASURES AND RATIOS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Return on average common equity & & 11.42 & % & & & 14.77 & % & & & 11.85 & % & & & 13.68 & % & & & 9.70 & % & \\ \hline Return on average assets & & 0.99 & % & & & 1.28 & % & & & 1.07 & % & & & 1.21 & % & & & 0.85 & % & \\ \hline Efficiency ratio & & 65.23 & % & & & 57.31 & % & & & 65.68 & % & & & 60.69 & % & & & 67.96 & % & \\ \hline Net interest margin & & 3.77 & % & & & 3.97 & % & & & 4.13 & % & & & 4.03 & % & & & 3.89 & % & \\ \hline & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline AVERAGE BALANCES & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Average assets & $ & 1,157,909 & & & $ & 1,123,598 & & & $ & 977,736 & & & $ & 1,082,560 & & & $ & 972,019 & & \\ \hline Average earning assets & & 1,126,473 & & & & 1,091,792 & & & & 944,073 & & & & 1,050,829 & & & & 940,993 & & \\ \hline Average total loans & & 888,519 & & & & 882,058 & & & & 845,620 & & & & 884,601 & & & & 831,863 & & \\ \hline Average deposits & & 950,601 & & & & 920,165 & & & & 726,223 & & & & 876,397 & & & & 730,884 & & \\ \hline Average common equity & & 100,579 & & & & 97,636 & & & & 88,171 & & & & 95,770 & & & & 85,027 & & \\ \hline & & & & & & & & & & \\ \hline EQUITY ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Total common equity & $ & 101,375 & & & $ & 98,767 & & & $ & 89,007 & & & & & & \\ \hline Common stock outstanding & & 8,650 & & & & 8,616 & & & & 8,473 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Book value per common share & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & & & & & \\ \hline & & & & & & & & & & \\ \hline ASSET QUALITY & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Nonaccrual loans, net & $ & 565 & & & $ & 1,742 & & & $ & 3,665 & & & & & & \\ \hline Nonaccrual loans, net/total loans & & 0.06% & & & & 0.20% & & & & 0.43% & & & & & & \\ \hline Other assets acquired through foreclosure, net & $ & 2,518 & & & $ & 2,572 & & & $ & 2,614 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net & $ & 3,083 & & & $ & 4,314 & & & $ & 6,279 & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net/total assets & & 0.27% & & & & 0.38% & & & & 0.64% & & & & & & \\ \hline Net loan (recoveries)/charge-offs in the quarter & $ & (96) & & & $ & (36) & & & $ & (41) & & & & & & \\ \hline Net (recoveries)/charge-offs in the quarter/total loans & & (0.01%) & & & & (0.00%) & & & & (0.00%) & & & & & & \\ \hline & & & & & & & & & & \\ \hline Allowance for loan losses & $ & 10,404 & & & $ & 10,283 & & & $ & 10,194 & & & & & & \\ \hline Plus: Reserve for undisbursed loan commitments & & 94 & & & & 106 & & & & 92 & & & & & & \\ \hline Total allowance for credit losses & $ & 10,498 & & & $ & 10,389 & & & $ & 10,286 & & & & & & \\ \hline Allowance for loan losses/total loans held for investment & & 1.20% & & & & 1.19% & & & & 1.23% & & & & & & \\ \hline Allowance for loan losses/total loans held for investment excluding PPP loans & & 1.23% & & & & 1.24% & & & & 1.35% & & & & & & \\ \hline Allowance for loan losses/nonaccrual loans, net & & 1842.50% & & & & 590.34% & & & & 278.14% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Community West Bank * & & & & & & & & & & \\ \hline Community bank leverage ratio & N/A & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 leverage ratio & & 8.56% & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 capital ratio & & 11.02% & & & & 10.93% & & & & 11.02% & & & & & & \\ \hline Total capital ratio & & 12.19% & & & & 12.11% & & & & 12.27% & & & & & & \\ \hline & & & & & & & & & & \\ \hline INTEREST SPREAD ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Yield on total loans & & 5.03% & & & & 5.21% & & & & 5.08% & & & & & & \\ \hline Yield on investments & & 2.78% & & & & 2.68% & & & & 2.46% & & & & & & \\ \hline Yield on interest earning deposits & & 0.16% & & & & 0.16% & & & & 0.15% & & & & & & \\ \hline Yield on earning assets & & 4.06% & & & & 4.30% & & & & 4.63% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Cost of interest-bearing deposits & & 0.34% & & & & 0.40% & & & & 0.60% & & & & & & \\ \hline Cost of total deposits & & 0.26% & & & & 0.31% & & & & 0.45% & & & & & & \\ \hline Cost of borrowings & & 0.91% & & & & 0.87% & & & & 1.03% & & & & & & \\ \hline Cost of interest-bearing liabilities & & 0.40% & & & & 0.45% & & & & 0.69% & & & & & & \\ \hline Cost of funds & & 0.31% & & & & 0.36% & & & & 0.54% & & & & & & \\ \hline & & & & & & & & & & \\ \hline * Capital ratios are preliminary until the Call Report is filed. & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \end{table} Contact: Richard Pimentel, EVP & CFO805.692.4410 [www.communitywestbank.com](https://www.globenewswire.com/Tracker?data=-B4WGEmcZ6KNxr2DA0bbDxeBL3dHCkBTRhDzIkAkueHAgHE4JLuoCvFieD3jzJh5V6bkkzOeO8mx_94wwEhd1tJuMZ3LdWzGIqBmpWia_Wc=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3MSM0Njk3OTAwIzIwMjY5Mjg=) [Image](https://ml.globenewswire.com/media/MTNlNjAxYzUtZTNjNC00OGE4LWE1NmUtYWI5MGQ5NTBlMjVhLTEwMzc5MTc=/tiny/Community-West-Bancshares.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/3f35e601-88c2-47ed-8232-7bcc77694726) Source: Community West Bancshares
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Date: 2022-01-28
Title: Tompkins Financial Corporation Reports Cash Dividend
Article: ITHACA, N.Y.--(BUSINESS WIRE)-- **Tompkins Financial Corporation (NYSE American:TMP)**Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.57 per share, payable on February 15, 2022, to common shareholders of record on February 8, 2022. The dividend amount represents an increase of $0.03 or 5.3% over the dividend paid in the first quarter of 2021.Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, and Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit [www.tompkinsfinancial.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tompkinsfinancial.com&esheet=52570219&newsitemid=20220128005042&lan=en-US&anchor=www.tompkinsfinancial.com&index=1&md5=d8508d7bdde12581d3d360fa00682dcb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005042r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005042/en/](https://www.businesswire.com/news/home/20220128005042/en/) Stephen S. Romaine, President & CEO Francis M. Fetsko, Executive VP, CFO & COO Tompkins Financial Corporation (888) 503-5753 Source: Tompkins Financial Corporation
Broader Sector Information:
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: The past five years for Argan (NYSE:AGX) investors has not been profitable
Article: In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term **Argan, Inc.** (NYSE:AGX) shareholders for doubting their decision to hold, with the stock down 45% over a half decade.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the five years over which the share price declined, Argan's earnings per share (EPS) dropped by 5.2% each year. This reduction in EPS is less than the 11% annual reduction in the share price. So it seems the market was too confident about the business, in the past.The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/298718-earnings-per-share-growth-1-dark/1643364059812) NYSE:AGX Earnings Per Share Growth January 28th 2022It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of [historic growth trends, available here.](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past). **What About Dividends?**It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Argan's TSR for the last 5 years was -36%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. **A Different Perspective** While the broader market gained around 5.2% in the last year, Argan shareholders lost 7.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 6% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Argan has [1 warning sign ](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **Argan may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with past earnings growth (and further growth forecast).](https://simplywall.st/discover/investing-ideas/19524/growth-stocks?blueprint=1874575&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU3NTpmMTUzMGU4MzI1NjEyMGZm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: First Week of AMBA March 11th Options Trading
Article: Investors in Ambarella, Inc. (Symbol: AMBA) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AMBA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $120.00 strike price has a current bid of $10.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $109.60 (before broker commissions). To an investor already interested in purchasing shares of AMBA, that could represent an attractive alternative to paying $123.79/share today. Because the $120.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=put&contract=120.00). Should the contract expire worthless, the premium would represent a 8.67% return on the cash commitment, or 75.32% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Ambarella, Inc., and highlighting in green where the $120.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $11.80. If an investor was to purchase shares of AMBA stock at the current price level of $123.79/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.55% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AMBA shares really soar, which is why looking at the trailing twelve month trading history for Ambarella, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AMBA's trailing twelve month trading history, with the $130.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $130.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=call&contract=130.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.53% boost of extra return to the investor, or 82.84% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 100%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $123.79) to be 63%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
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Symbol: MOFG
Security: MidWestOne Financial Group, Inc.
Related Stocks/Topics: Stocks
Title: Is MidWestOne Financial Group (MOFG) a Great Value Stock Right Now?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.One stock to keep an eye on is **MidWestOne Financial Group (MOFG)**. MOFG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 9.38, which compares to its industry's average of 12.76. MOFG's Forward P/E has been as high as 11.77 and as low as 7.33, with a median of 9.48, all within the past year.Another notable valuation metric for MOFG is its P/B ratio of 0.94. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. MOFG's current P/B looks attractive when compared to its industry's average P/B of 2.11. MOFG's P/B has been as high as 1.03 and as low as 0.77, with a median of 0.94, over the past year.Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. MOFG has a P/S ratio of 2.21. This compares to its industry's average P/S of 3.04.Finally, investors should note that MOFG has a P/CF ratio of 6.97. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 15.52. Over the past year, MOFG's P/CF has been as high as 12.42 and as low as 6.28, with a median of 7.23. These figures are just a handful of the metrics value investors tend to look at, but they help show that MidWestOne Financial Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MOFG feels like a great value stock at the moment. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) [MidWestOne Financial Group, Inc. (MOFG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MOFG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859040/is-midwestone-financial-group-mofg-a-great-value-stock-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 32.3303
Stock Price 2 days before: 32.8814
Stock Price 1 day before: 31.7183
Stock Price at release: 30.6603
Risk-Free Rate at release: 0.0004
| 30.74 |
Broader Economic Information:
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?
Article: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
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Security: AdvanSix Inc.
Related Stocks/Topics: Stocks|ALB|CE|NTR
Title: Celanese (CE) Q4 Earnings Miss, Revenues Beat Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Celanese Corporation** [CE](https://www.nasdaq.com/market-activity/stocks/ce) logged earnings from continuing operations of $4.83 per share in fourth-quarter 2021, down from $12.50 in the year-ago quarter.Barring one-time items, adjusted earnings were $4.91 per share, up from $2.09 in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $5.05. Revenues of $2,275 million increased 43% year over year and beat the Zacks Consensus Estimate of $2,241.5 million. **Celanese Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart)[Celanese Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart) | [Celanese Corporation Quote](https://www.nasdaq.com/market-activity/stocks/ce)******Segment Review** Net sales in the Engineered Materials unit were $707 million in the fourth quarter, up 23.6% year over year. The segment witnessed record net sales in the quarter on the back of pricing increase. Volumes dropped 1% while pricing rose 5% sequentially. The business continued to offset the majority of raw material, energy and logistics cost inflation which led to higher costs of roughly $60 million sequentially.The Acetyl Chain segment posted net sales of $1,476 million, up 62.2% year over year. The segment witnessed a 10% sequential increase in prices and a decline in volume. The business shifted more volume to the Western Hemisphere in the wake of the ongoing moderation in acetic acid and VAM industry pricing in China. Higher pricing in the reported quarter more than offset roughly $60 million in raw material, energy and logistics cost inflation from the previous quarter.Net sales in the Acetate Tow segment were $129 million, down 3.7% year over year. The company witnessed a slight increase in pricing and stable volume in the segment on a sequential-comparison basis. **FY21 Results** Earnings for full-year 2021 were $17.06 per share compared with earnings of $16.85 per share a year ago. Net sales rose around 51% year over year to $8,537 million. **Financials** Celanese ended 2021 with cash and cash equivalents of $536 million, down 43.9% year over year. The long-term debt inched down 1.6% year over year to $3,176 million.Celanese generated an operating cash flow of $1.8 billion and a free cash flow of $1.3 billion in 2021. Capital expenditures amounted to $467 million.The company also returned $1.3 billion to shareholders through dividend payouts and share repurchases during the year. **Outlook** Celanese stated that the early 2022 order book reflects strong demand for its products across most end markets. It continues to monitor the impact of Covid-19 variants on demand conditions. However, the constant inflationary and volatile supply chain environment remains its biggest challenge. It forecasts sequential margin expansion in first-quarter 2022 in its downstream businesses, led by Engineered Materials. The upside will likely offset the anticipated moderation in Acetyl Chain pricing conditions and boost expected first-quarter adjusted earnings of $4.30-$4.60 per share. With a strong start to 2022, the company is optimistic about its ability to achieve adjusted earnings of at least $15.00 per share in 2022, the company noted. **Price Performance** Celanese’s shares have gained 31.1% in the past year against a 6.3% decline of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-specialty-37). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/2e/16809.jpg?v=1168380862) Image Source: Zacks Investment Research** Zacks Rank & Other Key Picks** Celanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space are **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb), **Nutrien Ltd.** [NTR](https://www.nasdaq.com/market-activity/stocks/ntr) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix).Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 51.3% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 5.4% upward in the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 22.1%. ALB has rallied around 26.3% over a year. Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 53.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 17.4% upward in the past 60 days.Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 40.9% in a year.AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s earnings for the current year has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 46.9%. ASIX has surged 95.3% over a year. ASIX sports a Zacks Rank #1. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Celanese Corporation (CE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Nutrien Ltd. (NTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859117/celanese-ce-q4-earnings-miss-revenues-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 40.4097
Stock Price 2 days before: 42.6921
Stock Price 1 day before: 42.3448
Stock Price at release: 40.658
Risk-Free Rate at release: 0.0004
| 38.5231 |
Broader Economic Information:
Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Date: 2022-01-28
Title: Northrim BanCorp (NRIM) Misses Q4 Earnings and Revenue Estimates
Article: Northrim BanCorp (NRIM) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.07%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $1.44 per share when it actually produced earnings of $1.42, delivering a surprise of -1.39%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $31.29 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 3.44%. This compares to year-ago revenues of $36.96 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Northrim shares have added about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Northrim?**While Northrim has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/NRIM/earnings-calendar), the estimate revisions trend for Northrim: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $29.8 million in revenues for the coming quarter and $3.66 on $117.5 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, Blackstone Mortgage Trust (BXMT), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 9.This real estate finance company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Blackstone Mortgage Trust's revenues are expected to be $124.37 million, up 13.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Northrim BanCorp Inc (NRIM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=NRIM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Blackstone Mortgage Trust, Inc. (BXMT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BXMT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859361/northrim-bancorp-nrim-misses-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Leslie's, Inc. (LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At PRG
Article: In trading on Friday, shares of PROG Holdings Inc (Symbol: PRG) touched a new 52-week low of $36.82/share. That's a $20.83 share price drop, or -36.13% decline from the 52-week high of $57.65 set back on 02/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for PRG that means the stock would have to gain 56.57% to get back to the 52-week high. For a move like that, PROG Holdings Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as PRG shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, PRG has seen 3 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/03/2021 & Steven A. Michaels & CEO & 7,500 & $42.91 & $321,825.00 \\ \hline 08/03/2021 & Brian Garner & Chief Financial Officer & 2,500 & $42.89 & $107,225.00 \\ \hline 08/09/2021 & Douglas C. Curling & Director & 2,500 & $43.11 & $107,775.00 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where PRG has traded over the past year, with the 50-day and 200-day moving averages included. [PROG Holdings Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for PRG shares, which are presently showing a last trade of $38.08/share, a 3.42% rebound off of the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: Is Superior Group of Companies, Inc. (NASDAQ:SGC) Popular Amongst Insiders?
Article: A look at the shareholders of Superior Group of Companies, Inc. (NASDAQ:SGC) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.Superior Group of Companies is not a large company by global standards. It has a market capitalization of US$315m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Superior Group of Companies. [ownership-breakdown](https://images.simplywall.st/asset/chart/306113-ownership-breakdown-1-dark/1643383398246) NasdaqGM:SGC Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About Superior Group of Companies?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Superior Group of Companies does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Superior Group of Companies' earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/306113-earnings-and-revenue-growth-1-dark/1643383400691) NasdaqGM:SGC Earnings and Revenue Growth January 28th 2022Hedge funds don't have many shares in Superior Group of Companies. Looking at our data, we can see that the largest shareholder is Benstock-Superior Ltd. with 17% of shares outstanding. Wasatch Advisors Inc. is the second largest shareholder owning 6.4% of common stock, and Dimensional Fund Advisors L.P. holds about 6.3% of the company stock. In addition, we found that Michael Benstock, the CEO has 4.1% of the shares allocated to their name. On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of Superior Group of Companies** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of Superior Group of Companies, Inc.. Insiders own US$43m worth of shares in the US$315m company. This may suggest that the founders still own a lot of shares. You can [click here to see if they have been buying or selling.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Superior Group of Companies. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. **Private Company Ownership** It seems that Private Companies own 17%, of the Superior Group of Companies stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted [4 warning signs for Superior Group of Companies ](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. But ultimately **it is the future**, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at [this free report showing whether analysts are predicting a brighter future](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4NDo0NmI0MWJkMDBlYmJiYTJi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: OXM
Security: Oxford Industries, Inc.
Related Stocks/Topics: Stocks|BYD|CROX|RRR
Title: Red Rock Resorts (RRR) to Report Q4 Earnings: What's in Store?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Red Rock Resorts, Inc.** [RRR](https://www.nasdaq.com/market-activity/stocks/rrr) is scheduled to report [fourth-quarter 2021 results](https://www.zacks.com/stock/research/RRR/earnings-calendar) on Feb 2, 2022, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 75.5%. **How are Estimates Placed?**The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 53 cents per share, indicating an improvement of 35.9% from 39 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $407.6 million. The metric suggests an increase of 18.7% from the year-ago quarter’s figure. **Red Rock Resorts, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise)[Red Rock Resorts, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise) | [Red Rock Resorts, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rrr) Let's take a look at how things have shaped up in the quarter. ******Factors at Play** Red Rock Resorts’ fourth-quarter performance is likely to have benefitted from solid Las Vegas operations. Attributes such as best-in-class assets and locations, unparallel distribution and scale along with a solid organic development pipeline are likely to have driven the company’s performance in the fourth quarter. Also, streamlining operations, optimizing marketing initiatives and renegotiating vendor and third-party agreements are likely to have stoked the numbers in the to-be-reported quarter. The Zacks Consensus Estimate for net revenues at Las Vegas operations is pegged at $399 million, suggesting growth of 26.3% from the prior-year quarter’s figures.Increased focus on casino gaming offerings (such as video poker, slot machines, table games, bingo and race and sports wagering) along with food and beverage is likely to have driven the top line in the fourth quarter. The Zacks Consensus Estimate for sales at casino and food and beverage and rooms is pegged at $275 million and $65 million, calling for year-over-year growth of 14.1% and 48.6%, respectively. The consensus mark for room revenues is pegged at $40.2 million, suggesting an increase of 107% from the prior-year quarter’s levels. Improved visitation as well as increased time on device and spend per visit is likely to have contributed to the company’s top line in the fourth quarter.However, increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects are likely to have dented the company’s earnings in fourth-quarter 2021. **What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Red Rock Resorts this time around. A stock needs to have a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here. **Earnings ESP:** Red Rock Resorts has an Earnings ESP of -2.86%. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank:** The company carries a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank)**Stocks Poised to Beat Earnings Estimates** Here are some stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:**Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox) has an Earnings ESP of +7.09% and a Zacks Rank #1.Shares of Crocs have gained 33.9% in the past year. CROX’s earnings topped the consensus mark in all the last four quarters, with the average being 41.6%. **Oxford Industries, Inc.** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) has an Earnings ESP of +2.97% and a Zacks Rank #1.Shares of Oxford Industries have gained 34.7% in the past year. OXM’s earnings topped the consensus mark thrice but missed the same on one occasion, with the average surprise being 96.7%. **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) has an Earnings ESP of +2.61% and a Zacks Rank #3.Shares of Boyd Gaming have gained 27.9% in the past year. BYD’s earnings topped the consensus mark in all of the trailing four quarters, with the average surprise being 56.4%.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RRR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859169/red-rock-resorts-rrr-to-report-q4-earnings-what-s-in-store?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169)
Stock Price 4 days before: 87.7346
Stock Price 2 days before: 89.924
Stock Price 1 day before: 89.1608
Stock Price at release: 83.5533
Risk-Free Rate at release: 0.0004
| 86.2721 |
Broader Economic Information:
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Leslie's, Inc. (LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Teladoc Stock Is Due for a Major Upside Reversal
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**Teladoc Health** (NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is among the pandemic-driven high-fliers on a sustained downtrend. At the height of the lockdown, investors piled into companies that would thrive in a stay-at-home and work-at-home scenario. In one year’s time, shares of the virtual healthcare services company rocketed 175% to a high of $308, made in February 2021. [A woman talks to a doctor on her laptop. telehealth stocks](https://investorplace.com/wp-content/uploads/2020/09/telehealth_1600_b-300x169.jpg) Source: fizkes/ShutterStock.comCurrently, TDOC stock is trading below $70, down 55% from early November. Teladoc cannot blame its underperformance solely on the bashing growth stocks have taken in 2022, though. Its [ambitious Livongo acquisition](https://www.businessinsider.com/teladoc-livongo-insiders-describe-how-the-merger-is-going-2021-11) will take time to meaningfully add to results, and investors are impatient. They are selling TDOC stock now and asking questions later. **Growth Fails to Lift TDOC Stock** Teladoc is a global leader in virtual healthcare with 76 million members and 10,000 providers.The company [reported third-quarter results](https://www.globenewswire.com/news-release/2021/10/27/2322122/0/en/Teladoc-Health-Reports-Third-Quarter-2021-Results.html) on Oct. 27, delivering some impressive growth. Revenue jumped 81% year over year to $522 million, while the number of visits rose 37% to more than 3.9 million. Meanwhile, management said it expects full-year revenue to be about 85% higher at just over $2 billion. It also highlighted “significant” new agreements with **CVS Health** (NYSE: [CVS](https://investorplace.com/stock-quotes/cvs-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Centene** (NYSE: [CNC](https://investorplace.com/stock-quotes/cnc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) However, the company reported a net loss of $84.3 million for Q3, more than double the loss in the year-ago quarter. That was actually better than analysts were hoping for. Yet, losses for the first nine months of 2021 ballooned 358% year over year to $417.8 million. A big part of the increase in Teladoc’s losses was due to the higher amortization of acquired intangible assets from Livongo and [InTouch Health](https://www.healthcareitnews.com/news/teladoc-completes-intouch-health-acquisition). Still, as investors turned their attention from growth to profitability, TDOC stock has suffered. **What Teladoc Needs to Prove** Teladoc expects to expand its profit margins by gaining scale. Its revenue growth demonstrates this is achievable. Increased operating leverage from its marketplace, investments from research and development, and growth in consumers and clients will raise its adjusted EBITDA over time.Growth investors should brace for the dramatic shift in market sentiment to limit or hurt the stock’s performance in the near term. Teladoc still has vested stock awards related to the Livongo merger. Shareholders realize the deal will enrich Livongo staff while hurting their holding.To justify continued investments in Teladoc, the company needs its virtual and healthcare services to keep growing. Eventually, revenue will outpace costs and stock-based compensation will ease. Moreover, Teladoc needs its business growth to accelerate despite Covid-19 lockdowns permanently easing.The company’s virtual care offers consumers a convenient way to meet their healthcare needs. Teladoc can build on that user experience. For example, it could offer a holistic solution that meets more than just a few customers’ needs. The firm’s suite of offerings includes a broad spectrum of coordinated care services. It can build on chronic care and mental health care through its virtual medical care services. Currently, referrals should sustain growth. To achieve accelerated growth, Teladoc must go to market by expanding internationally through a direct-to-consumer channel.Healthcare systems will recognize the value of its data science, which will deliver actionable insight for data providers. Furthermore, consumers are more engaged and better informed. By getting better healthcare services and health outcomes, Teladoc is a major contender in the virtual health care field. **TDOC Stock Valuation, Risks** According to Stock Rover, a quant scoring service, TDOC stock has a fair grade on quality, value and growth.[Teledoc score](https://investorplace.com/wp-content/uploads/2022/01/tdoc-stock-score.jpg) Chart courtesy of [Stock Rover](https://www.stockrover.com/why-stock-rover/?sa_author=diy_value_investing).The value score suggests Teledoc’s stock price may fall further. Eventually, though, value investors will recognize that the stock is inexpensive relative to its growth prospects for the next three to five years.The company’s expanded scope of products will keep its membership base satisfied. Its widening offerings should also help attract new consumers, boosting growth. For example, according to a [recent presentation](https://s21.q4cdn.com/672268105/files/doc_presentations/2022/01/TDOC-Investor-Presentation-January-2022.pdf), Teladoc has 76 million individuals who have access to its telemedicine solutions, plus another 16 million who have a contract for its chronic care solutions. Those 92 million members will give Teladoc a chance to cross-sell high-value products and services.As for risks, telemedicine is still a nascent field that competes with traditional in-person health care. The firm may take longer than investors hope to increase its market share. Furthermore, Teladoc risks a membership growth slowdown and may need to buy more firms or increase R&D spending to attract more customers. **The Bottom Line on TDOC Stock** In a five-year discounted cash flow revenue exit model, readers may assume the following revenue multiple: \begin{table}{|c|c|c|} \hline Metrics & Range & Conclusion \\ \hline Discount Rate & 10.0% – 8.0% & 9.0% \\ \hline Terminal Revenue Multiple & 1.0x – 2.0x & 1.5x \\ \hline Fair Value & $71.17 – $151.79 & $110.07 \\ \hline \end{table} Model courtesy of [finbox](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z).In this [interactive model](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z), adjust the revenue growth rate to re-calculate the stock’s fair value. I forecasted revenue to grow by at least 75% annually through the fiscal year 2024. This would suggest a fair value of around $110, or 58% higher than today’s price. Investors have no idea when Teladoc’s stock will stop dropping. So, consider starting with a small position first. As sentiment improves and the company gets closer to profitability, build a bigger allocation in TDOC stock. Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns.The post [Teladoc Stock Is Due for a Major Upside Reversal](https://investorplace.com/2022/01/teladoc-stock-is-due-for-a-major-upside-reversal/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
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Date: 2022-01-28
Title: Acceptance Threshold Met in Voluntary Public Takeover of ADVA Optical Networking SE
Article: HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. today announced that as of the end of the initial acceptance period on January 26, 2022 (midnight Central Europe Time (CET)), the voluntary public takeover offer (exchange offer) by Acorn HoldCo, Inc. to all shareholders of ADVA Optical Networking SE has been accepted by more than 60% of all shares of ADVA Optical Networking SE entitled to voting rights existing as of October 31, 2021, thus exceeding the required minimum acceptance threshold.Tom Stanton, Chairman and CEO of ADTRAN, Inc., said: “We appreciate the ADVA shareholders’ confidence in this opportunity to create a leading company in our industry. We are moving forward to work with the relevant authorities to obtain the required foreign direct investment approvals and are confident that such approvals will be obtained in due course.”According to the rules of the German Securities Acquisition and Takeover Act (WpÜG), ADVA shareholders who did not tender their shares during the initial acceptance period can do so during a two-week additional acceptance period beginning on Tuesday, February 1 and ending at midnight CET Monday, February 14, 2022.The final result of the exchange takeover offer as at the end of the acceptance period is expected to be published on Monday, January 31, 2022.The consummation of the offer remains subject to regulatory approvals.Additional information can be found at [www.acorn-offer.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.acorn-offer.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=www.acorn-offer.com&index=1&md5=6c1a260346c5700e27aed1516880734e). **Important Information for Investors and Stockholders** This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in ADVA. The voluntary public takeover offer (Offer) itself, as well as its terms and conditions and further provisions concerning the Offer, are set forth in the offer document. Shareholders of ADVA are strongly advised to thoroughly read the offer document and all other relevant documents regarding the Offer.Furthermore, this communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. It does not constitute a prospectus or prospectus equivalent document. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.In connection with the proposed transaction between ADTRAN and ADVA, Acorn HoldCo has filed a Registration Statement on Form S-4 with the SEC, which includes (1) a proxy statement of ADTRAN that also constitutes a preliminary prospectus for Acorn HoldCo and (2) an offering prospectus of Acorn HoldCo to be used in connection with Acorn HoldCo’s offer to acquire ADVA shares held by U.S. holders. The registration statement was declared effective by the SEC on December 2, 2021 and ADTRAN has mailed the definitive proxy statement/prospectus to its stockholders in connection with the vote to approve the merger of ADTRAN and a wholly-owned subsidiary of Acorn HoldCo. Acorn HoldCo has also filed the Offer Document with BaFin, the publication of which has been approved by BaFin and which has been published. The consummation of any transaction is subject to regulatory approvals and other customary closing conditions. **INVESTORS AND SECURITY HOLDERS OF ADTRAN AND ADVA ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, THE OFFER DOCUMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. **The Offer is exclusively subject to the laws of the Federal Republic of Germany and certain applicable provisions of securities laws of the United States of America. Any agreement that is entered into as a result of accepting the Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.Investors and security holders may obtain free copies of the definitive proxy statement/prospectus and other documents filed with the SEC by ADTRAN and Acorn HoldCo through the website maintained by the SEC at [https://www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=2&md5=6a37301ecccbcc4517eb5864b8d501df). Copies of the documents filed with the SEC by ADTRAN will be available free of charge at [https://investors.adtran.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.adtran.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Finvestors.adtran.com&index=3&md5=2446d614e18a044eebcdf8f7e106b65d) and under the heading “SEC Filings”. Furthermore, the German language version of the offer document has been published by way of announcement on the internet at [https://acorn-offer.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Facorn-offer.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Facorn-offer.com&index=4&md5=386a73f0d2647cd893eb905df6f37873) and by keeping available copies free of charge at the settlement agent. A copy of the non-binding English translation of the offer document, which has not been reviewed by BaFin, may also be obtained on the internet at [https://acorn-offer.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Facorn-offer.com&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Facorn-offer.com&index=5&md5=85094579d42417e7516077dfbc8e06ea). **Cautionary Note Regarding Forward-Looking Statements** This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond ADTRAN and ADVA’s control.These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed business combination, integration plans and expected synergies, and anticipated future growth, financial and operating performance and results. Forward-looking statements involve risks and uncertainties that may cause actual results to be materially different from the results predicted or expected. No assurance can be given that these forward-looking statements will prove accurate and correct, or that projected or anticipated future results will be achieved. Factors that could cause actual results to differ materially from those indicated in any forward looking statement include, but are not limited to: the expected timing and likelihood of the completion of the contemplated business combination, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the contemplated business combination that could reduce anticipated benefits or cause the parties to abandon the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination agreement; the ability to successfully complete the proposed business combination; regulatory or other limitations imposed as a result of the proposed business combination; the success of the business following the proposed business combination; the ability to successfully integrate the ADTRAN and ADVA businesses; the risk that the parties may not be able to satisfy the conditions to closing of the proposed business combination in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed business combination; the risk that the publicity surrounding or consummation of the proposed business combination could have adverse effects on the market price of ADTRAN’s common stock or ADVA’s common shares or the ability of ADTRAN and ADVA to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that Acorn HoldCo may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that ADTRAN, ADVA or the post-combination company may not be able to effectively compete, including through product improvements and development; and such other factors as are set forth in ADVA’s annual and interim financial reports made publicly available and ADTRAN’s and Acorn HoldCo’s public filings made with the SEC from time to time, including but not limited to those described under the headings “Risk Factors” and “Forward-Looking Statements” in ADTRAN’s Form 10-K for the fiscal year ended December 31, 2020 and ADTRAN’s Form 10-Q for the quarterly period ended September 30, 2021, which are available via the SEC’s website at [https://www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=52570795&newsitemid=20220128005510&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=6&md5=f8a10c2244b4ab35a1e453decda48e63).The foregoing list of risk factors is not exhaustive. These risks, as well as other risks associated with the contemplated business combination, are more fully discussed in the proxy statement/prospectus and the offering prospectus that are included in the Registration Statement on Form S-4 that has been filed by Acorn HoldCo with the SEC and in the Offer Document that has been filed by Acorn HoldCo with BaFin and that has been published in connection with the contemplated business combination, as well as in any prospectuses or supplements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than ADTRAN, ADVA or Acorn HoldCo has described. All such factors are difficult to predict and beyond our control. All forward-looking statements included in this document are based upon information available to ADTRAN, ADVA and Acorn HoldCo on the date hereof, and each of ADTRAN, ADVA and Acorn HoldCo disclaims and does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005510r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005510/en/](https://www.businesswire.com/news/home/20220128005510/en/) **Rhonda Lambert – Corporate Services Administrator****256-963-7450** Source: ADTRAN, Inc.
Date: 2022-01-28
Title: Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results and Announces Another 5% Stock Repurchase Program
Article: Bedminster, NJ, Jan. 28, 2022 (GLOBE NEWSWIRE) -- via [NewMediaWire](https://www.globenewswire.com/Tracker?data=qs3AUx-RMuLDTj1I4bljhmuisH5cAgEyJ2x6zLDw9-2EmmYk9Ac95RYJUr3KpXRWt1QcKZLFtVQ3SzNenpu48AC7MbhvdsuL-BsxhniIk44=) -- Peapack-Gladstone Financial Corporation (**NASDAQ Global Select Market: PGC**) (the “Company”) announces its fourth quarter 2021 results. **This earnings release should be read in conjunction with the Company’s Q4 2021 Investor Update, a copy of which is available on our website at** [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4e6qMi33jqoX4-A3drudcvHV2U6L1yQknaaK7L3PfIJis6XP11OhdAu4PLTTBe7M0Q==)**and****via a current report on Form 8-K on the website of the Securities and Exchange Commission at [www.sec.gov](http://www.sec.gov/).** For the quarter ended December 31, 2021, the Company recorded total revenue of $56.17 million, net income of $14.86 million and diluted earnings per share (“EPS”) of $0.78, compared to revenue of $46.14 million, net income of $3.03 million and diluted EPS of $0.16, respectively, for the three-month period ended December 31, 2020. For the year ended December 31, 2021, the Company recorded total revenue of $210.31 million, net income of $56.62 million and diluted earnings per share (“EPS”) of $2.93 compared to revenue of $189.36 million, net income of $26.19 million and diluted EPS of $1.37, respectively, for the year ended December 31, 2020. Improvement in the 2021 periods was principally driven by the Company’s wealth management and commercial banking businesses. 2021 included increased wealth management income, corporate advisory fees and SBA income, as well as increased net interest income resulting from asset growth, coupled with margin improvement. The earnings for the full year of 2021 also benefitted from a significantly lower provision for loan losses. The Q4 2021 period included a $893,000 swap valuation allowance recorded in operating expenses related to a loan placed on nonaccrual in Q3 2021. Q4 2021 also included a higher provision for loan losses due to the loan growth during the quarter. Douglas L. Kennedy, President and CEO, said, “Our fourth quarter and full year results reflected continued solid growth in our wealth management business and commercial banking, including both corporate advisory and SBA activities. Increases in these areas year-over-year more than made up for the $7.4 million of PPP gains that the Company had recorded in 2020. As we look into the new year our pipelines for wealth management and commercial banking continue to be robust and we remain quite constructive toward 2022.” During the fourth quarter of 2021 the Company repurchased 274,929 shares under its stock repurchase program at an average price of $33.50 for a total cost of $9.21 million. For the full year of 2021, the Company repurchased 894,744 shares at an average price of $31.99 for a total cost of $28.63 million. On January 27, 2022, the Company authorized a new 5% stock repurchase program of up to 920,000 shares. Purchases will be conducted in accordance with the limitations set forth in the SEC’s Rule 10b-18. Mr. Kennedy noted, “We believe that repurchasing our stock continues to be a great opportunity to take advantage of the Company’s discounted valuation relative to peers.” **EXECUTIVE SUMMARY:** The following tables summarize specified financial measures for the periods shown. **2021 Year Compared to Prior Year** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Year Ended & & & Year Ended & & & & & & & & & & \\ \hline & & December 31, & & & December 31, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2020 & & & & (Decrease) & \\ \hline Net interest income & & $ & 138.06 & & & $ & 127.60 & & & & $ & 10.46 & & & & 8 & % \\ \hline Wealth management fee income (A) & & & 52.99 & & & & 40.86 & & & & & 12.13 & & & & 30 & \\ \hline Capital markets activity (B) & & & 10.62 & & & & 6.65 & & & & & 3.97 & & & & 60 & \\ \hline Other income (C) & & & 8.64 & & & & 14.25 & & & & & (5.61 & ) & & & (39 & ) \\ \hline Total other income & & & 72.25 & & & & 61.76 & & & & & 10.49 & & & & 17 & \\ \hline Operating expenses (A) (D) & & & 126.17 & & & & 124.96 & & & & & 1.21 & & & & 1 & \\ \hline Pretax income before provision for loan losses & & & 84.14 & & & & 64.40 & & & & & 19.74 & & & & 31 & \\ \hline Provision for loan and lease losses (E) & & & 6.48 & & & & 32.40 & & & & & (25.92 & ) & & & (80 & ) \\ \hline Pretax income & & & 77.66 & & & & 32.00 & & & & & 45.66 & & & & 143 & \\ \hline Income tax expense (F) & & & 21.04 & & & & 5.81 & & & & & 15.23 & & & & 262 & \\ \hline Net income & & $ & 56.62 & & & $ & 26.19 & & & & $ & 30.43 & & & & 116 & % \\ \hline Diluted EPS & & $ & 2.93 & & & $ & 1.37 & & & & $ & 1.56 & & & & 114 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (G) & & $ & 210.31 & & & $ & 189.36 & & & & $ & 20.95 & & & & 11 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 0.94 & % & & & 0.45 & % & & & & 0.49 & & & & & \\ \hline Return on average equity & & & 10.56 & % & & & 5.11 & % & & & & 5.45 & & & & & \\ \hline \end{table} (A) The 2021 results included twelve months of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas Capital Management (“Lucas”) and Noyes Capital Management (“Noyes”) and six months of wealth management fee income and expense related to the July 2021 acquisition of Princeton Portfolio Strategies Group. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities and mortgage banking activities. The 2021 results included $3.5 million of corporate advisory fee income. There were no fees related to loan level back-to-back swap activities in the twelve months ended December 31, 2021, compared to $1.6 million for 2020. (C) The 2021 results included a cost of $842,000 related to the termination of interest rate swaps; a $1.1 million gain on loans held at lower of cost or fair value; $722,000 of fee income related to the referral of PPP loans to a third party; and $455,000 of additional BOLI income related to receipt of life insurance proceeds. The 2020 results included a $7.4 million gain on the sale of PPP loans. (D) The 2021 results included $1.5 million of severance expense related to certain corporate restructurings within several areas of the Bank; $648,000 of expense related to the redemption of subordinated debt; and $2.2 million related to a swap valuation allowance. The 2020 results included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, $210,000 for the consolidation of two private banking locations, and $278,000 for the closure of a retail branch. (E) The 2020 results included a provision for loan and lease losses of $32.4 million, primarily due to the COVID-19 pandemic. (F) The 2020 results included a $3.2 million tax benefit related to the carryback of tax NOLs. (G) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Prior Year Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & & Three Months Ended & & & & & & & & & \\ \hline & & December 31, & & & & December 31, & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & & 2020 & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & & $ & 31.74 & & & $ & 5.47 & & & & 17 & % \\ \hline Wealth management fee income (A) & & & 13.96 & & & & & 10.79 & & & & 3.17 & & & & 29 & \\ \hline Capital markets activity (B) & & & 3.52 & & & & & 1.89 & & & & 1.63 & & & & 86 & \\ \hline Other income (C) & & & 1.48 & & & & & 1.72 & & & & (0.24 & ) & & & (14 & ) \\ \hline Total other income & & & 18.96 & & & & & 14.40 & & & & 4.56 & & & & 32 & \\ \hline Operating expenses (A) (D) & & & 31.70 & & & & & 39.25 & & & & (7.55 & ) & & & (19 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & & 6.89 & & & & 17.58 & & & & 255 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & & 2.35 & & & & 1.40 & & & & 60 & \\ \hline Pretax income & & & 20.72 & & & & & 4.54 & & & & 16.18 & & & & 356 & \\ \hline Income tax expense & & & 5.86 & & & & & 1.51 & & & & 4.35 & & & & 288 & \\ \hline Net income & & $ & 14.86 & & & & $ & 3.03 & & & $ & 11.83 & & & & 390 & % \\ \hline Diluted EPS & & $ & 0.78 & & & & $ & 0.16 & & & $ & 0.62 & & & & 387 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (E) & & $ & 56.17 & & & & $ & 46.14 & & & $ & 10.03 & & & & 22 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & & 0.21 & % & & & 0.75 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & & 2.32 & % & & & 8.62 & & & & & \\ \hline \end{table} (A) The December 2021 quarter included a full quarter of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas and Noyes and the July 2021 acquisition of PPSG. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities, and mortgage banking activities. The December 2021 quarter included $2.2 million of corporate advisory fee income, the majority of which related to a large investment banking advisory event. (C) The December 31, 2021 quarter included a $265,000 loss on the sale of loans. (D) The December 2021 quarter included $893,000 related to a swap valuation allowance. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, and $210,000 for the consolidation of two private banking locations (E) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Linked Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & & & & & & & & \\ \hline & & December 31, & & & September 30, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2021 & & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & $ & 35.21 & & & & $ & 2.00 & & & & 6 & % \\ \hline Wealth management fee income & & & 13.96 & & & & 13.86 & & & & & 0.10 & & & & 1 & \\ \hline Capital markets activity (A) & & & 3.52 & & & & 2.06 & & & & & 1.46 & & & & 71 & \\ \hline Other income (B) & & & 1.48 & & & & 1.86 & & & & & (0.38 & ) & & & (20 & ) \\ \hline Total other income & & & 18.96 & & & & 17.78 & & & & & 1.18 & & & & 7 & \\ \hline Operating expenses (C) & & & 31.70 & & & & 32.18 & & & & & (0.48 & ) & & & (1 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & 20.81 & & & & & 3.66 & & & & 18 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & 1.60 & & & & & 2.15 & & & & 134 & \\ \hline Pretax income & & & 20.72 & & & & 19.21 & & & & & 1.51 & & & & 8 & \\ \hline Income tax expense & & & 5.86 & & & & 5.04 & & & & & 0.82 & & & & 16 & \\ \hline Net income & & $ & 14.86 & & & $ & 14.17 & & & & $ & 0.69 & & & & 5 & % \\ \hline Diluted EPS & & $ & 0.78 & & & $ & 0.74 & & & & $ & 0.04 & & & & 5 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (D) & & $ & 56.17 & & & $ & 52.99 & & & & $ & 3.18 & & & & 6 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & 0.95 & % & & & & 0.01 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & 10.40 & % & & & & 0.54 & & & & & \\ \hline \end{table} (A) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory and mortgage banking activities. (B) The December 31, 2021 quarter included a $265,000 loss on sale of loans. (C) The December 2021 quarter included $893,000 related to a swap valuation allowance. The September 2021 quarter included $1.4 million related to a swap valuation allowance. (D) Total revenue equals the sum of net interest income plus total other income. **Select highlights:** **Peapack Private Wealth Management:** - AUM/AUA in our Peapack Private Wealth Management Division grew 8% (31% annualized) to $11.1 billion at December 31, 2021 from $10.3 billion at September 30, 2021, and 26% over the $8.8 billion at December 31, 2020. - Gross new business inflows for 2021 totaled $840 million. - Wealth Management fee income increased 30% to $14.0 million for Q4 2021 compared to $10.8 million for Q4 2020. - On July 1, 2021, we closed on the acquisition of Princeton Portfolio Strategies Group (“PPSG”). **Commercial Banking and Balance Sheet Management:** - At December 31, 2021, total loans (excluding $14 million of PPP loans) grew 15% to $4.83 billion compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020. - C&I loan/lease balances (excluding PPP loans) grew $216 million or 12% over 2020, with a large portion of that net growth occurring in Q4 2021. - SBA Income ($4.9 million) and Corporate Advisory fees ($3.5 million) totaled $8.4 million in 2021. - Core deposits (which includes noninterest-bearing demand and interest-bearing demand, savings and money market) totaled 89% of total deposits at December 31, 2021, with an average cost of 0.17%. - The net interest margin improved by 4 basis points in Q4 2021 compared to Q3 2021 and improved 21 basis points when compared to Q4 2020. **Capital Management:** - Continued to execute on the previously approved stock repurchase program – during Q4 repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. (For the year ended December 31, 2021, the Company repurchased 894,744 shares). - Tangible book value per share increased 6.2% to $27.05 at December 31, 2021 from $25.47 at December 31, 2020, despite recent stock repurchase activity and a wealth acquisition. See the Non-GAAP financial measures reconciliation included in this release. **SUPPLEMENTAL QUARTERLY DETAILS****:** **Wealth Management** In the December 2021 quarter, the Bank’s wealth management business generated a record $13.96 million in fee income, compared to $13.86 million for the September 30, 2021 quarter and $10.79 million for the December 2020 quarter. The market value of the Company’s AUM/AUA increased 26% to $11.1 billion at December 31, 2021 from $8.8 billion at December 31, 2020, due to organic new business, the PPSG acquisition, and favorable market conditions. John P. Babcock, President of the Peapack Private Wealth Management division, said, “2021 showed continued strong business from new clients as well as additional business from existing clients. Positive net flows, combined with solid client retention and favorable market conditions, all contributed to our strong quarterly and full year results.” Mr. Babcock went on to note, “While we will continue to look at supplementing our organic growth with selective acquisitions, M&A activity in the RIA space is hyper-competitive with purchase price multiples reaching all-time highs – making it challenging for us to obtain acceptable returns on invested capital. Internally, we are focused on completing our One Team consolidation of the businesses and people we have acquired over the last several years under a single operating and technology framework, completing our migration to a single trading platform and re-organizing our wealth business under a new, streamlined organizational structure to ensure the highest level of client experience, maximum efficiency, and growth.” **Loans / Commercial Banking** At December 31, 2021, loans totaled $4.83 billion (excluding $14 million of PPP loans), compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020, reflecting growth of 15%. This growth was achieved despite over $900 million of net paydown/payoff activity over the twelve-month period. Total C&I loans and leases (including the $14 million of PPP loans) at December 31, 2021 were $2.01 billion or 41% of the total loan portfolio. Mr. Kennedy noted, “Our commercial loan pipelines continue to be strong going into the new year, standing at approximately $350 million with the likelihood of a first quarter closing. Notwithstanding significant payoff activity, we believe that we will achieve high single digit loan growth for 2022.” Mr. Kennedy also noted, “We are proud to have built a leading middle market commercial banking franchise, as evidenced by over $200 million of net growth in our C&I Portfolio, continued growth in Treasury Management income, and our over $3 million of corporate advisory fees by our investment banking group – this team had record earnings in 2021 and continues to have a robust pipeline of new business opportunities.” **Funding / Liquidity / Interest Rate Risk Management** The Company actively manages its deposit base to reduce reliance on wholesale sourced deposits, volatility, and/or operational risk. Total deposits at December 31, 2021 increased $448 million to $5.27 billion from $4.82 billion at December 31, 2020. Along with the deposit growth, the change in mix was favorable, as noninterest bearing demand deposits increased $123 million, interest-bearing demand increased $439 million, while higher costing CDs declined $121 million and brokered deposits declined $25 million, when comparing December 31, 2021 to December 31, 2020. Mr. Kennedy noted, “89% of our deposits are demand, savings, or money market accounts, and our noninterest bearing deposits comprise 18% of our total deposits; both metrics reflect the relationship aspect of our deposit base.” At December 31, 2021, the Company’s balance sheet liquidity (investments available for sale, interest-earning deposits and cash) totaled $971.2 million (or 16% of assets). This level is lower than the level at September 30, 2021 due to an increase in loan activity during Q4 2021 and more in line with historical levels. The Company maintains backup liquidity of approximately $1.8 billion of secured funding with the Federal Home Loan Bank and $1.2 billion of secured funding from the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company’s loan and investment portfolios. Mr. Kennedy noted, “We are well positioned for a rise in interest rates given that 40% of our loan portfolio reprices within three months and 52% within one year. Our current modeling, with what we believe include conservative deposit beta assumptions, indicates net interest income will improve approximately 3% in year one and 5% in year two after a 100 basis point rate shock.” **Net Interest Income (NII)/Net Interest Margin (NIM)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Twelve Months Ended & & & Twelve Months Ended & & & & & & & & & \\ \hline & December 31, 2021 & & & December 31, 2020 & & & & & & & & & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 134,206 & & & 2.50% & & & $ & 123,099 & & & 2.58% & & & & & & & & & \\ \hline Prepayment premiums received on loan paydowns & & 2,085 & & & 0.04% & & & & 1,452 & & & 0.02% & & & & & & & & & \\ \hline Effect of maintaining excess interest earning cash & & (420 & ) & & -0.17% & & & & (1,320 & ) & & -0.21% & & & & & & & & & \\ \hline Effect of PPP loans & & 2,190 & & & 0.01% & & & & 4,371 & & & -0.08% & & & & & & & & & \\ \hline NII/NIM as reported & $ & 138,061 & & & 2.38% & & & $ & 127,602 & & & 2.31% & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & December 31, 2021 & & & September 30, 2021 & & & December 31, 2020 & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & NII & & & NIM & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 36,564 & & & 2.60% & & & $ & 34,635 & & & 2.56% & & & $ & 30,897 & & & 2.51% & \\ \hline Prepayment premiums received on loan paydowns & & 555 & & & 0.04% & & & & 325 & & & 0.02% & & & & 413 & & & 0.02% & \\ \hline Effect of maintaining excess interest earning cash & & (68 & ) & & -0.18% & & & & (46 & ) & & -0.14% & & & & (206 & ) & & -0.24% & \\ \hline Effect of PPP loans & & 161 & & & 0.00% & & & & 297 & & & -0.02% & & & & 631 & & & -0.04% & \\ \hline NII/NIM as reported & $ & 37,212 & & & 2.46% & & & $ & 35,211 & & & 2.42% & & & $ & 31,735 & & & 2.25% & \\ \hline \end{table} As shown above, the Company’s reported NII increased $2.0 million and NIM increased 4 basis points compared to the linked quarter. The Bank further lowered its cost of funds strategically and grew its average loan portfolio at rates/spreads beneficial to NIM. Future net interest income and net interest margin should benefit from the following: - Robust loan pipelines to generate loan growth. - Continued downward repricing of maturing CDs. - An increase in target Fed funds (should that occur). **Income from Capital Markets Activities** Noninterest income from Capital Markets activities (detailed below) totaled $3.52 million for the December 2021 quarter compared to $2.06 million for the September 2021 quarter and $1.90 million for the December 2020 quarter. The December 2021 quarterly results were driven by $2.18 million in Corporate Advisory income. The September 2021 quarter results were driven by $1.57 million in gains on sale of SBA loans. The December 2020 quarter reflected increased mortgage banking activity due to greater refinance activity in the low-rate environment. The December 2021, September 2021 and December 2020 quarters included no income from loan level, back-to-back swap activities, as there has been, and will continue to be, minimal activity for such in the current environment. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline (Dollars in thousands, except per share data) & & 2021 & & & 2021 & & & 2020 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) & & $ & 352 & & & $ & 408 & & & $ & 1,470 & \\ \hline Fee income related to loan level, back-to-back swaps & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans & & & 989 & & & & 1,569 & & & & 375 & \\ \hline Corporate advisory fee income & & & 2,180 & & & & 84 & & & & 50 & \\ \hline Total capital markets activity & & $ & 3,521 & & & $ & 2,061 & & & $ & 1,895 & \\ \hline \end{table} **Other Noninterest Income (other than Wealth Management fee income and Income from Capital Markets Activities)** Other noninterest income (as defined above) totaled $1.48 million, $1.86 million, and $1.72 million, for the December 2021, September 2021, and December 2020 quarters, respectively. The December 2021 quarter included $265,000 net loss on loans held for sale. **Operating Expenses** The Company’s total operating expenses were $31.70 million for the quarter ended December 31, 2021, compared to $32.18 million for the September 2021 quarter and $39.25 million for the December 2020 quarter. The December 2021 and September 2021 quarters included $893,000 and $1.35 million related to a swap valuation allowance, respectively. The December and September 2021 quarters also included a full quarter’s worth of expense related to the teams hired from Lucas and Noyes and the acquisition of PPSG. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for a valuation allowance on a loan held for sale and $210,000 related to the consolidation of two private banking offices. Mr. Kennedy noted, “While we continue to manage expenses closely and prudently, we will invest in our existing people as the market demands in order to retain the talent we have acquired, grow and expand our core wealth management and commercial banking businesses, including lift-outs, strategic hires, and wealth M&A, and invest in digital enhancements to further enhance the client experience.” **Income Taxes** The effective tax rate for the three months ended December 31, 2021 was 28.31%, as compared to 26.22% for the September 2021 quarter and 33.29% for the quarter ended December 31, 2020. A tax return to book adjustment recorded in the December 2020 quarter coupled with reduced pretax income in the quarter, increased the December 2020 effective tax rate by approximately 5%. The effective annual tax rate for 2021 was 27.09% compared to 18.16% for 2020. During the first quarter of 2020, the Company recorded a $3.34 million tax benefit, principally due to a $3.2 million federal income tax benefit that resulted from a tax NOL carryback. The Company had a $23 million operating loss for tax purposes in 2018 (when the federal tax rate was 21%) resulting from accelerated tax depreciation. Under the CARES Act, the Company was allowed to carry this NOL back to a period when the federal tax rate was 35%, generating a permanent tax benefit. **Asset Quality / Provision for Loan and Lease Losses** Nonperforming assets (which does not include troubled debt restructured loans that are performing in accordance with their terms) at December 31, 2021 were $15.6 million, or 0.26% of total assets, compared to $25.9 million, or 0.42% of total assets, at September 30, 2021. The $10.3 million decline was largely due to a $2 million C&I loan moved back to accrual status, and a $7 million charge-off of the specific reserve on the commercial real estate loan with a large retail component located in Manhattan, and on deferral, that was placed on nonaccrual status in the third quarter of 2021. For the quarter ended December 31, 2021, the Company’s provision for loan and lease losses was $3.8 million compared to $1.6 million for the September 2021 quarter and $2.4 million for the December 2020 quarter. The increased provision for loan and lease losses in the December 2021 quarter, when compared to the linked quarter and the 2020 quarter, was due principally to significant loan growth during the December 2021 quarter and additional specific reserves of $4.2 million on the commercial real estate loan noted above, offset by reduced qualitative loss factors related to the unemployment rate and amount of loan deferrals and other economic qualitative factors due to the COVID-19 pandemic. Loans on deferral, and accruing, entered into during the COVID-19 pandemic have come down significantly from $914 million at June 30, 2020 to $13 million at December 31, 2021. The Company’s provision for loan and lease losses, and its allowance for loan and lease losses (ALLL) also reflect, among other things, the Company’s assessment of asset quality metrics, net charge-offs/recoveries, and the composition of the loan portfolio. At December 31, 2021, the allowance for loan and lease losses was $61.70 million (1.27% of total loans), compared to $65.13 million at September 30, 2021 (1.42% of loans) and $67.31 million at December 31, 2020 (1.53% of total loans). The Company will adopt CECL during the first quarter of 2022 and does not expect a material adjustment upon adoption. **Capital** The Company’s capital position during the December 2021 quarter was benefitted by net income of $14.86 million, which was offset by the purchase of shares through the Company’s stock repurchase program and the quarterly dividend. During the fourth quarter of 2021, the Company repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. GAAP Capital at December 31, 2021 was also impacted by an increase in the unrealized loss on available-for-sale securities in the fourth quarter of 2021, due to a rise in medium-term Treasury yields. The Company’s and Bank’s capital ratios at December 31, 2021 all remain strong. Such ratios remain well above regulatory well capitalized standards. As previously announced, in the fourth quarter of 2020, the Company successfully completed a private placement of $100 million in fixed-to floating rate subordinated notes due 2030 at a rate of 3.5%. Such funds benefitted the Company’s Regulatory Tier 2 Capital. At the time, the Company noted the proceeds raised would be used for general corporate purposes, which could include stock repurchases, the redemption of the Company’s then existing 6% subordinated debt and acquisitions of wealth management firms. Throughout the twelve months of 2021, the Company repurchased $29 million of stock. On June 30, 2021, the Company redeemed its 6% subordinated debt. On July 1, 2021, the Company closed on the acquisition of PPSG. The Company employs quarterly capital stress testing – adverse case and severely adverse case. In the most recent completed stress test on September 30, 2021, under severely adverse case, and no growth scenarios, the Bank remains well capitalized over a two-year stress period. With a Pandemic stress overlay, the Bank still remains well capitalized over the two-year stress period. On January 27, 2022, the Company declared a cash dividend of $0.05 per share payable on February 25, 2022, to shareholders of record on February 10, 2022. **ABOUT THE COMPANY** Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.1 billion and assets under management/administration of $11.1 billion as of December 31, 2021. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers. Peapack Private, the bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately-held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service. Visit [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4RpG3f0hf8P05FJomdfv97ti2vgdKOa35-xvCHFB8AmhHbwQ2vYlKo3J_miuAHcZQQ==) and [www.peapackprivate.com](https://www.globenewswire.com/Tracker?data=zhkim_Li_bfKiFsjMCYilzDSNx4HGRKhttDN3EyNcAkoPiX5EaJyl-ql2rX7vvZswkckMEz09upxASTPcZBA6uf3kunNHb18xOMaz7sntyE=) for more information. The foregoing may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to: - our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan; - the impact of anticipated higher operating expenses in 2022 and beyond; - our ability to successfully integrate wealth management firm acquisitions; - our ability to manage our growth; - our ability to successfully integrate our expanded employee base; - an unexpected decline in the economy, in particular in our New Jersey and New York market areas; - declines in our net interest margin caused by the interest rate environment and/or our highly competitive market; - declines in the value in our investment portfolio; - impact from a pandemic event on our business, operations, customers, allowance for loan losses and capital levels; - higher than expected increases in our allowance for loan and lease losses; - higher than expected increases in loan and lease losses or in the level of delinquent, nonperforming, classified and criticized loans; - changes in interest rates; - decline in real estate values within our market areas; - legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs; - successful cyberattacks against our IT infrastructure and that of our IT and third-party providers; - higher than expected FDIC insurance premiums; - adverse weather conditions; - our inability to successfully generate new business in new geographic markets; - a reduction in our lower-cost funding sources; - our inability to adapt to technological changes; - claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; - our inability to retain key employees; - demands for loans and deposits in our market areas; - adverse changes in securities markets; - changes in accounting policies and practices; and - other unexpected material adverse changes in our operations or earnings. Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 pandemic on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: - demand for our products and services may decline, making it difficult to grow assets and income; - if the economy worsens, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; - collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; - our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; - the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; - a material decrease in net income or a net loss over several quarters could result in an elimination or a decrease in the rate of our quarterly cash dividend; - our wealth management revenues may decline with continuing market turmoil; - a worsening of business and economic conditions or in the financial markets could result in an impairment of certain intangible assets, such as goodwill; - the unanticipated loss or unavailability of key employees due to the outbreak, which could harm our ability to operate our business or execute our business strategy, especially as we may not be successful in finding and integrating suitable successors; - we may face litigation, regulatory enforcement and reputation risk as a result of our participation in the PPP and the risk that the SBA may not fund some or all PPP loan guaranties; - our cyber security risks are increased as the result of an increase in the number of employees working remotely; and - FDIC premiums may increase if the agency experience additional resolution costs. A discussion of these and other factors that could affect our results is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2020. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. **Contact:** Jeffrey J. Carfora, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-719-4308 **(Tables to follow)** **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 42,075 & & & $ & 40,067 & & & $ & 39,686 & & & $ & 38,239 & & & $ & 38,532 & \\ \hline Interest expense & & & 4,863 & & & & 4,856 & & & & 5,841 & & & & 6,446 & & & & 6,797 & \\ \hline Net interest income & & & 37,212 & & & & 35,211 & & & & 33,845 & & & & 31,793 & & & & 31,735 & \\ \hline Wealth management fee income & & & 13,962 & & & & 13,860 & & & & 13,034 & & & & 12,131 & & & & 10,791 & \\ \hline Service charges and fees & & & 996 & & & & 959 & & & & 896 & & & & 846 & & & & 859 & \\ \hline Bank owned life insurance & & & 308 & & & & 311 & & & & 466 & & & & 611 & & & & 313 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 352 & & & & 408 & & & & 409 & & & & 1,025 & & & & 1,470 & \\ \hline (Loss)/Gain on loans held for sale at lower of cost or fair value (B) & & & (265 & ) & & & — & & & & 1,125 & & & & 282 & & & & — & \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans (A) & & & 989 & & & & 1,569 & & & & 932 & & & & 1,449 & & & & 375 & \\ \hline Corporate advisory fee income (A) & & & 2,180 & & & & 84 & & & & 121 & & & & 1,098 & & & & 50 & \\ \hline Loss on swap termination & & & — & & & & — & & & & (842 & ) & & & — & & & & — & \\ \hline Other income (C) & & & 581 & & & & 660 & & & & 1,495 & & & & 643 & & & & 590 & \\ \hline Securities (losses)/gains, net & & & (139 & ) & & & (70 & ) & & & 42 & & & & (265 & ) & & & (42 & ) \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Salaries and employee benefits (D) & & & 20,105 & & & & 19,859 & & & & 19,910 & & & & 21,990 & & & & 19,902 & \\ \hline Premises and equipment & & & 4,519 & & & & 4,459 & & & & 4,074 & & & & 4,113 & & & & 4,189 & \\ \hline FDIC insurance expense & & & 402 & & & & 555 & & & & 529 & & & & 585 & & & & 665 & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Other expenses & & & 5,785 & & & & 5,962 & & & & 6,171 & & & & 4,906 & & & & 5,284 & \\ \hline Total operating expenses & & & 31,704 & & & & 32,185 & & & & 30,684 & & & & 31,594 & & & & 39,249 & \\ \hline Pretax income before provision for loan losses & & & 24,472 & & & & 20,807 & & & & 20,839 & & & & 18,019 & & & & 6,892 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline Income before income taxes & & & 20,722 & & & & 19,207 & & & & 19,939 & & & & 17,794 & & & & 4,542 & \\ \hline Income tax expense & & & 5,867 & & & & 5,036 & & & & 5,521 & & & & 4,616 & & & & 1,512 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Total revenue (E) & & $ & 56,176 & & & $ & 52,992 & & & $ & 51,523 & & & $ & 49,613 & & & $ & 46,141 & \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 0.80 & & & $ & 0.76 & & & $ & 0.76 & & & $ & 0.70 & & & $ & 0.16 & \\ \hline Earnings per share (diluted) & & & 0.78 & & & & 0.74 & & & & 0.74 & & & & 0.67 & & & & 0.16 & \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,483,268 & & & & 18,763,316 & & & & 18,963,237 & & & & 18,950,305 & & & & 18,947,864 & \\ \hline Diluted & & & 19,070,594 & & & & 19,273,831 & & & & 19,439,439 & & & & 19,531,689 & & & & 19,334,569 & \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized (ROAA) & & & 0.96 & % & & & 0.95 & % & & & 0.97 & % & & & 0.89 & % & & & 0.21 & % \\ \hline Return on average equity annualized (ROAE) & & & 10.94 & % & & & 10.40 & % & & & 10.86 & % & & & 10.03 & % & & & 2.32 & % \\ \hline Return on average tangible common equity (ROATCE) (F) & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.46 & % & & & 2.42 & % & & & 2.38 & % & & & 2.28 & % & & & 2.25 & % \\ \hline GAAP efficiency ratio (G) & & & 56.44 & % & & & 60.74 & % & & & 59.55 & % & & & 63.68 & % & & & 85.06 & % \\ \hline Operating expenses / average assets annualized & & & 2.05 & % & & & 2.16 & % & & & 2.06 & % & & & 2.14 & % & & & 2.66 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes a $1.1 million gain on sale of $57 million of PPP loans completed in the June 2021 quarter. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the June 2021 quarter. (D) The March 2021 quarter included $1.5 million of severance expense related to corporate restructuring. (E) Total revenue equals the sum of net interest income plus total other income. (F) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income. See Non-GAAP financial measures reconciliation included in these tables. (G) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & & & & & & & & & \\ \hline & & December 31, & & & Change & \\ \hline & & 2021 & & & 2020 & & & $ & & & % & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 160,067 & & & $ & 165,750 & & & $ & (5,683 & ) & & & -3 & % \\ \hline Interest expense & & & 22,006 & & & & 38,148 & & & & (16,142 & ) & & & -42 & % \\ \hline Net interest income & & & 138,061 & & & & 127,602 & & & & 10,459 & & & & 8 & % \\ \hline Wealth management fee income & & & 52,987 & & & & 40,861 & & & & 12,126 & & & & 30 & % \\ \hline Service charges and fees & & & 3,697 & & & & 3,155 & & & & 542 & & & & 17 & % \\ \hline Bank owned life insurance & & & 1,696 & & & & 1,273 & & & & 423 & & & & 33 & % \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 2,194 & & & & 3,266 & & & & (1,072 & ) & & & -33 & % \\ \hline Gain on loans held for sale at lower of cost or fair value (B) & & & 1,142 & & & & 7,426 & & & & (6,284 & ) & & & -85 & % \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & 1,620 & & & & (1,620 & ) & & & -100 & % \\ \hline Gain on sale of SBA loans (A) & & & 4,939 & & & & 1,766 & & & & 3,173 & & & & 180 & % \\ \hline Corporate advisory fee income (A) & & & 3,483 & & & & 265 & & & & 3,218 & & & & 1214 & % \\ \hline Loss on swap termination & & & (842 & ) & & & — & & & & (842 & ) & & N/A & \\ \hline Other income (C) & & & 3,379 & & & & 1,847 & & & & 1,532 & & & & 83 & % \\ \hline Securities (losses)/gains, net & & & (432 & ) & & & 281 & & & & (713 & ) & & & -254 & % \\ \hline Total other income & & & 72,243 & & & & 61,760 & & & & 10,483 & & & & 17 & % \\ \hline Salaries and employee benefits (D) & & & 81,864 & & & & 77,516 & & & & 4,348 & & & & 6 & % \\ \hline Premises and equipment & & & 17,165 & & & & 16,377 & & & & 788 & & & & 5 & % \\ \hline FDIC insurance expense & & & 2,071 & & & & 1,975 & & & & 96 & & & & 5 & % \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & & & & (4,784 & ) & & & -100 & % \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & & & & (4,425 & ) & & & -100 & % \\ \hline Swap valuation allowance & & & 2,243 & & & & — & & & & 2,243 & & & N/A & \\ \hline Other expenses & & & 22,824 & & & & 19,882 & & & & 2,942 & & & & 15 & % \\ \hline Total operating expenses & & & 126,167 & & & & 124,959 & & & & 1,208 & & & & 1 & % \\ \hline Pretax income before provision for loan losses & & & 84,137 & & & & 64,403 & & & & 19,734 & & & & 31 & % \\ \hline Provision for loan and lease losses (E) & & & 6,475 & & & & 32,400 & & & & (25,925 & ) & & & -80 & % \\ \hline Income before income taxes & & & 77,662 & & & & 32,003 & & & & 45,659 & & & & 143 & % \\ \hline Income tax expense (F) & & & 21,040 & & & & 5,811 & & & & 15,229 & & & & 262 & % \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & & & $ & 30,430 & & & & 116 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Total revenue (G) & & $ & 210,304 & & & $ & 189,362 & & & $ & 20,942 & & & & 11 & % \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 3.01 & & & $ & 1.39 & & & $ & 1.62 & & & & 117 & % \\ \hline Earnings per share (diluted) & & & 2.93 & & & & 1.37 & & & & 1.56 & & & & 114 & % \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,788,679 & & & & 18,896,825 & & & & (108,146 & ) & & & -1 & % \\ \hline Diluted & & & 19,292,602 & & & & 19,081,187 & & & & 211,415 & & & & 1 & % \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & \\ \hline Return on average assets (ROAA) & & & 0.94 & % & & & 0.45 & % & & & 0.49 & % & & & 110 & % \\ \hline Return on average equity (ROAE) & & & 10.56 & % & & & 5.11 & % & & & 5.45 & % & & & 107 & % \\ \hline Return on average tangible common equity (ROATCE) (H) & & & 11.56 & % & & & 5.55 & % & & & 6.01 & % & & & 108 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.38 & % & & & 2.31 & % & & & 0.07 & % & & & 3 & % \\ \hline GAAP efficiency ratio (I) & & & 59.99 & % & & & 65.99 & % & & & (6.00 & )% & & & -9 & % \\ \hline Operating expenses / average assets & & & 2.10 & % & & & 2.16 & % & & & (0.06 & )% & & & -3 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes $1.1 million (2021) and $7.4 million (2020) of gains on sale of PPP loans of $57 million and $355 million completed in the twelve months ended December 31, 2021 and 2020, respectively. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the twelve months ended December 31, 2021. (D) 2021 included $1.5 million of severance expense related to corporate restructuring. (E) 2020 included a higher provision for loan and lease losses primarily due to the COVID-19 pandemic. (F) 2020 included a $3.2 million tax benefit related to the carryback of tax NOLs to prior years when the federal tax rate was 14% higher. (G) Total revenue equals the sum of net interest income plus total other income. (H) Return on average tangible common equity is calculated by dividing tangible common equity by net income. See Non-GAAP financial measures reconciliation included in these tables. (I) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **PEAPACK-GLADSTONE FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF CONDITION****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline ASSETS & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & $ & 5,929 & & & $ & 9,299 & & & $ & 12,684 & & & $ & 8,159 & & & $ & 10,629 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & 102 & \\ \hline Interest-earning deposits & & & 140,875 & & & & 606,913 & & & & 190,778 & & & & 468,276 & & & & 642,591 & \\ \hline Total cash and cash equivalents & & & 146,804 & & & & 616,212 & & & & 203,462 & & & & 476,537 & & & & 653,322 & \\ \hline Securities held to maturity & & & 108,680 & & & & — & & & & — & & & & — & & & & — & \\ \hline Securities available for sale & & & 796,753 & & & & 843,779 & & & & 823,820 & & & & 875,301 & & & & 622,689 & \\ \hline Equity security & & & 14,685 & & & & 14,824 & & & & 14,894 & & & & 14,852 & & & & 15,117 & \\ \hline FHLB and FRB stock, at cost & & & 12,950 & & & & 12,950 & & & & 12,901 & & & & 13,699 & & & & 13,709 & \\ \hline Residential mortgage & & & 501,340 & & & & 510,878 & & & & 504,181 & & & & 498,884 & & & & 520,188 & \\ \hline Multifamily mortgage & & & 1,595,866 & & & & 1,497,683 & & & & 1,420,043 & & & & 1,178,940 & & & & 1,127,198 & \\ \hline Commercial mortgage & & & 662,626 & & & & 680,107 & & & & 702,777 & & & & 697,599 & & & & 694,034 & \\ \hline Commercial loans (A) & & & 2,009,252 & & & & 1,833,532 & & & & 1,880,830 & & & & 1,982,570 & & & & 1,975,337 & \\ \hline Consumer loans & & & 33,687 & & & & 30,689 & & & & 31,889 & & & & 36,519 & & & & 37,016 & \\ \hline Home equity lines of credit & & & 40,803 & & & & 42,512 & & & & 44,062 & & & & 45,624 & & & & 50,547 & \\ \hline Other loans & & & 238 & & & & 245 & & & & 204 & & & & 199 & & & & 225 & \\ \hline Total loans & & & 4,843,812 & & & & 4,595,646 & & & & 4,583,986 & & & & 4,440,335 & & & & 4,404,545 & \\ \hline Less: Allowances for loan and lease losses & & & 61,697 & & & & 65,133 & & & & 63,505 & & & & 67,536 & & & & 67,309 & \\ \hline Net loans & & & 4,782,115 & & & & 4,530,513 & & & & 4,520,481 & & & & 4,372,799 & & & & 4,337,236 & \\ \hline Premises and equipment & & & 23,044 & & & & 23,123 & & & & 23,261 & & & & 23,260 & & & & 21,609 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Accrued interest receivable & & & 21,589 & & & & 22,790 & & & & 23,117 & & & & 23,916 & & & & 22,495 & \\ \hline Bank owned life insurance & & & 46,663 & & & & 46,510 & & & & 46,605 & & & & 46,448 & & & & 46,809 & \\ \hline Goodwill and other intangible assets & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Finance lease right-of-use assets & & & 3,582 & & & & 3,769 & & & & 3,956 & & & & 4,143 & & & & 4,330 & \\ \hline Operating lease right-of-use assets & & & 9,775 & & & & 10,307 & & & & 9,569 & & & & 10,186 & & & & 9,421 & \\ \hline Other assets (B) & & & 62,451 & & & & 66,175 & & & & 66,466 & & & & 64,912 & & & & 99,764 & \\ \hline TOTAL ASSETS & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & & & & & & & & & & & & \\ \hline Deposits: & & & & & & & & & & & & & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & $ & 956,482 & & & $ & 986,765 & & & $ & 959,494 & & & $ & 908,922 & & & $ & 833,500 & \\ \hline Interest-bearing demand deposits & & & 2,287,894 & & & & 2,355,892 & & & & 1,978,497 & & & & 1,987,567 & & & & 1,849,254 & \\ \hline Savings & & & 154,914 & & & & 168,831 & & & & 147,227 & & & & 141,743 & & & & 130,731 & \\ \hline Money market accounts & & & 1,307,051 & & & & 1,287,686 & & & & 1,213,992 & & & & 1,256,605 & & & & 1,298,885 & \\ \hline Certificates of deposit – Retail & & & 409,608 & & & & 426,981 & & & & 446,143 & & & & 474,668 & & & & 530,222 & \\ \hline Certificates of deposit – Listing Service & & & 31,382 & & & & 31,382 & & & & 31,631 & & & & 31,631 & & & & 32,128 & \\ \hline Subtotal “customer” deposits & & & 5,147,331 & & & & 5,257,537 & & & & 4,776,984 & & & & 4,801,136 & & & & 4,674,720 & \\ \hline IB Demand – Brokered & & & 85,000 & & & & 85,000 & & & & 85,000 & & & & 110,000 & & & & 110,000 & \\ \hline Certificates of deposit – Brokered & & & 33,818 & & & & 33,804 & & & & 33,791 & & & & 33,777 & & & & 33,764 & \\ \hline Total deposits & & & 5,266,149 & & & & 5,376,341 & & & & 4,895,775 & & & & 4,944,913 & & & & 4,818,484 & \\ \hline Short-term borrowings & & & — & & & & — & & & & — & & & & 15,000 & & & & 15,000 & \\ \hline FHLB advances & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Paycheck Protection Program Liquidity Facility (C) & & & — & & & & 48,496 & & & & 83,586 & & & & 168,180 & & & & 177,086 & \\ \hline Finance lease liability & & & 5,820 & & & & 6,063 & & & & 6,299 & & & & 6,528 & & & & 6,753 & \\ \hline Operating lease liability & & & 10,111 & & & & 10,644 & & & & 9,902 & & & & 10,509 & & & & 9,737 & \\ \hline Subordinated debt, net (D) & & & 132,701 & & & & 132,629 & & & & 132,557 & & & & 181,837 & & & & 181,794 & \\ \hline Other liabilities (B) & & & 116,824 & & & & 123,098 & & & & 125,110 & & & & 120,219 & & & & 154,466 & \\ \hline TOTAL LIABILITIES & & & 5,531,605 & & & & 5,697,271 & & & & 5,253,229 & & & & 5,447,186 & & & & 5,363,320 & \\ \hline Shareholders’ equity & & & 546,388 & & & & 543,014 & & & & 538,459 & & & & 522,441 & & & & 527,122 & \\ \hline TOTAL LIABILITIES AND & & & & & & & & & & & & & & & & & & & & \\ \hline SHAREHOLDERS’ EQUITY & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Assets under management and / or administration at Peapack-Gladstone Bank’s Private Wealth Management Division (market value, not included above-dollars in billions) & & $ & 11.1 & & & $ & 10.3 & & & $ & 9.8 & & & $ & 9.4 & & & $ & 8.8 & \\ \hline \end{table} (A) Includes PPP loans of $14 million at December 31, 2021; $49 million at September 30, 2021; $84 million at June 30, 2021; $233 million at March 31, 2021; and $196 million at December 31, 2020. (B) The change in other assets and other liabilities was primarily due to the change in the fair value of our back-to-back swap program. (C) Represents funding provided by the Federal Reserve for pledged PPP loans. (D) The decrease was due to the redemption of a $50 million subordinated debt on June 30, 2021. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Asset Quality: & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due over 90 days and still accruing & & $ & — & & & $ & — & & & $ & — & & & $ & — & & & $ & — & \\ \hline Nonaccrual loans (A) & & & 15,573 & & & & 25,925 & & & & 5,962 & & & & 11,767 & & & & 11,410 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Total nonperforming assets & & $ & 15,573 & & & $ & 25,925 & & & $ & 5,962 & & & $ & 11,817 & & & $ & 11,460 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Nonperforming loans to total loans & & & 0.32 & % & & & 0.56 & % & & & 0.13 & % & & & 0.27 & % & & & 0.26 & % \\ \hline Nonperforming assets to total assets & & & 0.26 & % & & & 0.42 & % & & & 0.10 & % & & & 0.20 & % & & & 0.19 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Performing TDRs (B)(C) & & $ & 2,479 & & & $ & 416 & & & $ & 190 & & & $ & 197 & & & $ & 201 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due 30 through 89 days and still accruing (D)(E) & & $ & 8,606 & & & $ & 1,193 & & & $ & 1,678 & & & $ & 1,622 & & & $ & 5,053 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans subject to special mention & & $ & 116,490 & & & $ & 115,935 & & & $ & 148,601 & & & $ & 166,013 & & & $ & 162,103 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Classified loans & & $ & 50,702 & & & $ & 51,937 & & & $ & 11,178 & & & $ & 25,714 & & & $ & 37,771 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Impaired loans & & $ & 18,052 & & & $ & 26,341 & & & $ & 6,498 & & & $ & 11,964 & & & $ & 16,204 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Allowance for loan and lease losses: & & & & & & & & & & & & & & & & & & & & \\ \hline Beginning of period & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & & & $ & 66,145 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline (Charge-offs)/recoveries, net & & & (7,186 & ) & & & 28 & & & & (4,931 & ) & & & 2 & & & & (1,186 & ) \\ \hline End of period & & $ & 61,697 & & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline ALLL to nonperforming loans & & & 396.18 & % & & & 251.24 & % & & & 1065.16 & % & & & 573.94 & % & & & 589.91 & % \\ \hline ALLL to total loans & & & 1.27 & % & & & 1.42 & % & & & 1.39 & % & & & 1.52 & % & & & 1.53 & % \\ \hline General ALLL to total loans (F) & & & 1.19 & % & & & 1.26 & % & & & 1.38 & % & & & 1.45 & % & & & 1.47 & % \\ \hline \end{table} (A) Increase at September 30, 2021 due to one large CRE loan with a retail component, located in Manhattan. (B) Amounts reflect TDRs that are paying according to restructured terms. (C) Amount excludes $1.1 million at December 31, 2021, $4.0 million at September 30, 2021, $3.9 million at June 30, 2021, $3.9 million at March 31, 2021 and $4.0 million at December 31, 2020 of TDRs included in nonaccrual loans. (D) Includes $6.9 million for one equipment lease principally due to administrative issues with the servicer and at the lessee/borrower at December 31, 2021. Payment was received in January. (E) December 31, 2020 includes $1.3 million of residential loans that are classified as delinquent due to an escrow payment shortage due to a recent change in escrow payment requirement. (F) Total ALLL less specific reserves equals general ALLL. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Capital Adequacy & & & & & & & & & & & & & & & & & & \\ \hline Equity to total assets (A) & & & & & 8.99 & % & & & & & 8.70 & % & & & & & 8.95 & % \\ \hline Tangible Equity to tangible assets (B) & & & & & 8.25 & % & & & & & 7.97 & % & & & & & 8.27 & % \\ \hline Book value per share (C) & & & & $ & 29.70 & & & & & $ & 29.15 & & & & & $ & 27.78 & \\ \hline Tangible Book Value per share (D) & & & & $ & 27.05 & & & & & $ & 26.50 & & & & & $ & 25.47 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Regulatory Capital – Holding Company & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage & & $ & 508,231 & & & 8.29% & & & $ & 501,188 & & & 8.56% & & & $ & 483,535 & & & 8.53% & \\ \hline Tier I capital to risk-weighted assets & & & 508,231 & & & & 10.62 & & & & 501,188 & & & 10.97 & & & & 483,535 & & & 11.93 & \\ \hline Common equity tier I capital ratio to risk-weighted assets & & & 508,207 & & & & 10.62 & & & & 501,159 & & & 10.97 & & & & 483,500 & & & 11.93 & \\ \hline Tier I & II capital to risk-weighted assets & & & 700,790 & & & & 14.64 & & & & 691,044 & & & 15.12 & & & & 716,210 & & & 17.67 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Regulatory Capital – Bank & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage (E) & & $ & 612,762 & & & 9.99% & & & $ & 594,610 & & & 10.15% & & & $ & 549,575 & & & 9.71% & \\ \hline Tier I capital to risk-weighted assets (F) & & & 612,762 & & & & 12.80 & & & & 594,610 & & & 13.01 & & & & 549,575 & & & 13.55 & \\ \hline Common equity tier I capital ratio to risk-weighted assets (G) & & & 612,738 & & & & 12.80 & & & & 594,581 & & & 13.01 & & & & 549,540 & & & 13.55 & & \\ \hline Tier I & II capital to risk-weighted assets (H) & & & 672,614 & & & & 14.05 & & & & 651,841 & & & 14.26 & & & & 600,478 & & & 14.81 & \\ \hline \end{table} (A) Equity to total assets is calculated as total shareholders’ equity as a percentage of total assets at period end. (B) Tangible equity and tangible assets are calculated by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. Tangible equity as a percentage of tangible assets at period end is calculated by dividing tangible equity by tangible assets at period end. See Non-GAAP financial measures reconciliation included in these tables. (C) Book value per common share is calculated by dividing shareholders’ equity by period end common shares outstanding (D) Tangible book value per share excludes intangible assets. Tangible book value per share is calculated by dividing tangible equity by period end common shares outstanding. See Non-GAAP financial measures reconciliation tables. (E) Regulatory well capitalized standard = 5.00% ($307 million) (F) Regulatory well capitalized standard = 8.00% ($383 million) (G) Regulatory well capitalized standard = 6.50% ($311 million) (H) Regulatory well capitalized standard = 10.00% ($479 million) **PEAPACK-GLADSTONE FINANCIAL CORPORATION****LOANS CLOSED****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Quarters Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 22,953 & & & $ & 36,845 & & & $ & 37,083 & & & $ & 15,814 & & & $ & 22,316 & \\ \hline Residential loans sold & & & 20,694 & & & & 24,041 & & & & 25,432 & & & & 45,873 & & & & 64,630 & \\ \hline Total residential loans & & & 43,647 & & & & 60,886 & & & & 62,515 & & & & 61,687 & & & & 86,946 & \\ \hline Commercial real estate & & & 16,134 & & & & 14,944 & & & & 12,243 & & & & 38,363 & & & & — & \\ \hline Multifamily & & & 162,740 & & & & 120,716 & & & & 255,820 & & & & 85,009 & & & & 1,184 & \\ \hline Commercial (C&I) loans (A) (B) & & & 341,886 & & & & 143,121 & & & & 141,285 & & & & 129,141 & & & & 218,235 & \\ \hline SBA (C) & & & 27,630 & & & & 11,570 & & & & 15,976 & & & & 58,730 & & & & 8,355 & \\ \hline Wealth lines of credit (A) & & & 7,500 & & & & 10,020 & & & & 3,200 & & & & 2,475 & & & & 3,925 & \\ \hline Total commercial loans & & & 555,890 & & & & 300,371 & & & & 428,524 & & & & 313,718 & & & & 231,699 & \\ \hline Installment loans & & & 94 & & & & 178 & & & & 25 & & & & 63 & & & & 690 & \\ \hline Home equity lines of credit (A) & & & 5,359 & & & & 2,535 & & & & 4,140 & & & & 1,899 & & & & 2,330 & \\ \hline Total loans closed & & $ & 604,990 & & & $ & 363,970 & & & $ & 495,204 & & & $ & 377,367 & & & $ & 321,665 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 112,695 & & & $ & 88,373 & \\ \hline Residential loans sold & & & 116,040 & & & & 175,603 & \\ \hline Total residential loans & & & 228,735 & & & & 263,976 & \\ \hline Commercial real estate & & & 81,684 & & & & 11,219 & \\ \hline Multifamily & & & 624,285 & & & & 76,642 & \\ \hline Commercial (C&I) loans (A) (B) & & & 755,433 & & & & 478,485 & \\ \hline SBA (C) & & & 113,906 & & & & 622,798 & \\ \hline Wealth lines of credit (A) & & & 23,195 & & & & 9,675 & \\ \hline Total commercial loans & & & 1,598,503 & & & & 1,198,819 & \\ \hline Installment loans & & & 360 & & & & 2,149 & \\ \hline Home equity lines of credit (A) & & & 13,933 & & & & 15,001 & \\ \hline Total loans closed & & $ & 1,841,531 & & & $ & 1,479,945 & \\ \hline \end{table} (A) Includes loans and lines of credit that closed in the period but not necessarily funded. (B) Includes equipment finance. (C) Includes PPP loans of $9 million for the quarter ended June 30, 2021, $47 million for the quarter ended March 31, 2021 and $596 million for the twelve months ended December 31, 2020. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 636,417 & & & $ & 2,033 & & & & 1.28 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 8,137 & & & & 101 & & & & 4.96 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 520,123 & & & & 4,372 & & & & 3.36 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 1,865,953 & & & & 14,796 & & & & 3.17 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,943,855 & & & & 16,587 & & & & 3.41 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 10,376 & & & & 108 & & & & 4.16 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 44,581 & & & & 320 & & & & 2.87 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 51,545 & & & & 429 & & & & 3.33 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 281 & & & & 6 & & & & 8.54 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,436,714 & & & & 36,618 & & & & 3.30 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 614,024 & & & & 148 & & & & 0.10 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,695,394 & & & & 38,900 & & & & 2.73 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 9,632 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (68,862 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 21,698 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 238,856 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 201,324 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 1,850,917 & & & $ & 1,059 & & & & 0.23 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,273,681 & & & & 811 & & & & 0.25 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 128,195 & & & & 17 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 602,068 & & & & 2,106 & & & & 1.40 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,854,861 & & & & 3,993 & & & & 0.41 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 113,696 & & & & 514 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,756 & & & & 267 & & & & 3.16 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,002,313 & & & & 4,774 & & & & 0.48 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 244,753 & & & & 616 & & & & 1.01 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,832 & & & & 82 & & & & 4.80 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 94,437 & & & & 1,325 & & & & 5.61 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,348,335 & & & & 6,797 & & & & 0.63 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 858,004 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 166,933 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,024,937 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 523,446 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 32,103 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.10 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.25 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & September 30, 2021 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 820,574 & & & $ & 2,824 & & & & 1.38 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 6,035 & & & & 64 & & & & 4.24 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 503,621 & & & & 3,779 & & & & 3.00 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 2,133,259 & & & & 16,114 & & & & 3.02 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,826,368 & & & & 16,553 & & & & 3.63 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 24,596 & & & & 198 & & & & 3.22 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 32,219 & & & & 245 & & & & 3.04 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 43,182 & & & & 357 & & & & 3.31 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 252 & & & & 5 & & & & 7.94 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,563,497 & & & & 37,251 & & & & 3.27 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 413,623 & & & & 142 & & & & 0.14 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,803,729 & & & & 40,281 & & & & 2.78 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 8,592 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (64,100 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 23,311 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 201,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 169,090 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 2,098,827 & & & $ & 1,177 & & & & 0.22 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,257,760 & & & & 683 & & & & 0.22 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 152,759 & & & & 20 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 461,917 & & & & 836 & & & & 0.72 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,971,263 & & & & 2,716 & & & & 0.27 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 85,000 & & & & 385 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,796 & & & & 266 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,090,059 & & & & 3,367 & & & & 0.33 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 64,332 & & & & 57 & & & & 0.35 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,147 & & & & 74 & & & & 4.82 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 132,588 & & & & 1,358 & & & & 4.10 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,293,126 & & & & 4,856 & & & & 0.45 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 997,450 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 137,387 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,134,837 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 544,856 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 35,425 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.33 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.42 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTWELVE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 838,174 & & & $ & 11,577 & & & & 1.38 & % & & $ & 510,245 & & & $ & 8,782 & & & & 1.72 & % \\ \hline Tax-exempt (A) (B) & & & 6,579 & & & & 296 & & & & 4.50 & & & & 9,479 & & & & 477 & & & & 5.03 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 503,616 & & & & 15,359 & & & & 3.05 & & & & 528,687 & & & & 17,882 & & & & 3.38 & \\ \hline Commercial mortgages & & & 2,032,318 & & & & 63,298 & & & & 3.11 & & & & 1,958,262 & & & & 64,541 & & & & 3.30 & \\ \hline Commercial & & & 1,881,683 & & & & 66,652 & & & & 3.54 & & & & 1,969,115 & & & & 71,037 & & & & 3.61 & \\ \hline Commercial construction & & & 20,420 & & & & 692 & & & & 3.39 & & & & 5,932 & & & & 295 & & & & 4.97 & \\ \hline Installment & & & 34,390 & & & & 1,030 & & & & 3.00 & & & & 51,007 & & & & 1,532 & & & & 3.00 & \\ \hline Home equity & & & 44,735 & & & & 1,479 & & & & 3.31 & & & & 53,853 & & & & 1,940 & & & & 3.60 & \\ \hline Other & & & 247 & & & & 21 & & & & 8.50 & & & & 311 & & & & 29 & & & & 9.32 & \\ \hline Total loans & & & 4,517,409 & & & & 148,531 & & & & 3.29 & & & & 4,567,167 & & & & 157,256 & & & & 3.44 & \\ \hline Federal funds sold & & & 48 & & & & — & & & & 0.13 & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 477,477 & & & & 545 & & & & 0.11 & & & & 504,753 & & & & 968 & & & & 0.19 & \\ \hline Total interest-earning assets & & & 5,839,687 & & & & 160,949 & & & & 2.76 & % & & & 5,591,746 & & & & 167,483 & & & & 3.00 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 10,396 & & & & & & & & & & & & 7,025 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (67,075 & ) & & & & & & & & & & & (61,401 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,094 & & & & & & & & & & & & 21,455 & & & & & & & & & \\ \hline Other assets & & & 197,893 & & & & & & & & & & & & 219,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 164,308 & & & & & & & & & & & & 186,366 & & & & & & & & & \\ \hline Total assets & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,078,658 & & & $ & 4,426 & & & & 0.21 & % & & $ & 1,742,846 & & & $ & 7,279 & & & & 0.42 & % \\ \hline Money markets & & & 1,260,865 & & & & 2,882 & & & & 0.23 & & & & 1,227,295 & & & & 6,185 & & & & 0.50 & \\ \hline Savings & & & 146,210 & & & & 75 & & & & 0.05 & & & & 120,780 & & & & 63 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 483,889 & & & & 4,058 & & & & 0.84 & & & & 654,652 & & & & 11,476 & & & & 1.75 & \\ \hline Subtotal interest-bearing deposits & & & 3,969,622 & & & & 11,441 & & & & 0.29 & & & & 3,745,573 & & & & 25,003 & & & & 0.67 & \\ \hline Interest-bearing demand – brokered & & & 96,301 & & & & 1,721 & & & & 1.79 & & & & 143,388 & & & & 2,773 & & & & 1.93 & \\ \hline Certificates of deposit – brokered & & & 33,790 & & & & 1,058 & & & & 3.13 & & & & 33,735 & & & & 1,061 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,099,713 & & & & 14,220 & & & & 0.35 & & & & 3,922,696 & & & & 28,837 & & & & 0.74 & \\ \hline Borrowings & & & 110,077 & & & & 473 & & & & 0.43 & & & & 308,814 & & & & 3,976 & & & & 1.29 & \\ \hline Capital lease obligation & & & 6,260 & & & & 300 & & & & 4.79 & & & & 7,157 & & & & 343 & & & & 4.79 & \\ \hline Subordinated debt & & & 156,888 & & & & 7,013 & & & & 4.47 & & & & 86,246 & & & & 4,992 & & & & 5.79 & \\ \hline Total interest-bearing liabilities & & & 4,372,938 & & & & 22,006 & & & & 0.50 & % & & & 4,324,913 & & & & 38,148 & & & & 0.88 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 959,912 & & & & & & & & & & & & 787,191 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 134,948 & & & & & & & & & & & & 153,648 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,094,860 & & & & & & & & & & & & 940,839 & & & & & & & & & \\ \hline Shareholders’ equity & & & 536,197 & & & & & & & & & & & & 512,360 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 138,943 & & & & & & & & & & & $ & 129,335 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.26 & % & & & & & & & & & & & 2.12 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.38 & % & & & & & & & & & & & 2.31 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****NON-GAAP FINANCIAL MEASURES RECONCILIATION** Tangible book value per share and tangible equity as a percentage of tangible assets at period end are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. We calculate tangible book value per share by dividing tangible equity by period end common shares outstanding, as compared to book value per common share, which we calculate by dividing shareholders’ equity by period end common shares outstanding. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. The efficiency ratio is a non-GAAP measure of expense control relative to recurring revenue. We calculate the efficiency ratio by dividing total noninterest expenses, excluding other real estate owned provision, as determined under GAAP, by net interest income and total noninterest income as determined under GAAP, but excluding net gains/(losses) on loans held for sale at lower of cost or fair value and excluding net gains on securities from this calculation, which we refer to below as recurring revenue. We believe that this provides a reasonable measure of core expenses relative to core revenue. We believe these non-GAAP financial measures provide information that is important to investors and useful in understanding our financial position, results and ratios because our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titles measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity, tangible book value per share and efficiency ratio to the underlying GAAP numbers is set forth below. (Dollars in thousands, except share data) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Tangible Book Value Per Share & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Shareholders’ equity & & $ & 546,388 & & & $ & 543,014 & & & $ & 538,459 & & & $ & 522,441 & & & $ & 527,122 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible equity & & $ & 497,486 & & & $ & 493,681 & & & $ & 495,303 & & & $ & 478,917 & & & $ & 483,231 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Period end shares outstanding & & & 18,393,888 & & & & 18,627,910 & & & & 18,829,877 & & & & 19,034,870 & & & & 18,974,703 & \\ \hline Tangible book value per share & & $ & 27.05 & & & $ & 26.50 & & & $ & 26.30 & & & $ & 25.16 & & & $ & 25.47 & \\ \hline Book value per share & & & 29.70 & & & & 29.15 & & & & 28.60 & & & & 27.45 & & & & 27.78 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Tangible Equity to Tangible Assets & & & & & & & & & & & & & & & & & & & & \\ \hline Total assets & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible assets & & $ & 6,029,091 & & & $ & 6,190,952 & & & $ & 5,748,532 & & & $ & 5,926,103 & & & $ & 5,846,551 & \\ \hline Tangible equity to tangible assets & & & 8.25 & % & & & 7.97 & % & & & 8.62 & % & & & 8.08 & % & & & 8.27 & % \\ \hline Equity to assets & & & 8.99 & % & & & 8.70 & % & & & 9.30 & % & & & 8.75 & % & & & 8.95 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 543,035 & & & $ & 544,856 & & & $ & 530,971 & & & $ & 525,643 & & & $ & 523,446 & \\ \hline Less: Average intangible assets, net & & & 49,151 & & & & 48,757 & & & & 43,366 & & & & 43,742 & & & & 40,336 & \\ \hline Average tangible equity & & $ & 493,884 & & & $ & 496,099 & & & $ & 487,605 & & & $ & 481,901 & & & $ & 483,110 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2020 & \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & \\ \hline & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 536,197 & & & $ & 512,360 & \\ \hline Less: Average intangible assets, net & & & 46,275 & & & & 40,186 & \\ \hline Average tangible equity & & $ & 489,922 & & & $ & 472,174 & \\ \hline & & & & & & & & \\ \hline Return on average tangible common equity & & & 11.56 & % & & & 5.55 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 37,212 & & & $ & 35,211 & & & $ & 33,845 & & & $ & 31,793 & & & $ & 31,735 & \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Add: & & & & & & & & & & & & & & & & & & & & \\ \hline Securities losses/(gains), net & & & 139 & & & & 70 & & & & (42 & ) & & & 265 & & & & 42 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline Loss/(gain) on loans held for sale & & & & & & & & & & & & & & & & & & & & \\ \hline at lower of cost or fair value & & & 265 & & & & — & & & & (1,125 & ) & & & (282 & ) & & & — & \\ \hline Income from life insurance proceeds & & & — & & & & — & & & & (153 & ) & & & (302 & ) & & & — & \\ \hline Loss on swap termination & & & — & & & & — & & & & 842 & & & & — & & & & — & \\ \hline Total recurring revenue & & $ & 56,580 & & & $ & 53,062 & & & $ & 51,045 & & & $ & 49,294 & & & $ & 46,183 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Operating expenses & & $ & 31,704 & & & $ & 32,185 & & & $ & 30,684 & & & $ & 31,594 & & & $ & 39,249 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & — & & & & — & & & & 648 & & & & — & & & & — & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Severance expense & & & — & & & & — & & & & — & & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 30,811 & & & $ & 30,835 & & & $ & 30,036 & & & $ & 30,062 & & & $ & 30,040 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 54.46 & % & & & 58.11 & % & & & 58.84 & % & & & 60.99 & % & & & 65.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 138,061 & & & $ & 127,602 & \\ \hline Total other income & & & 72,243 & & & & 61,760 & \\ \hline Add: & & & & & & & & \\ \hline Securities losses/(gains), net & & & 432 & & & & (281 & ) \\ \hline Less: & & & & & & & & \\ \hline Loss/ on swap termination & & & 842 & & & & — & \\ \hline Income from life insurance proceeds & & & (455 & ) & & & — & \\ \hline (Gain) on loans held for sale & & & & & & & & \\ \hline at lower of cost or fair value & & & (1,142 & ) & & & (7,426 & ) \\ \hline Total recurring revenue & & $ & 209,981 & & & $ & 181,655 & \\ \hline & & & & & & & & \\ \hline Operating expenses & & $ & 126,167 & & & $ & 124,959 & \\ \hline Less: & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & 648 & & & & — & \\ \hline Swap valuation allowance & & & 2,243 & & & & — & \\ \hline Severance expense & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 121,744 & & & $ & 115,750 & \\ \hline & & & & & & & & \\ \hline Efficiency ratio & & & 57.98 & % & & & 63.72 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDg4MCM0Njk4MjkxIzUwMDAzMjA1OQ==) [Image](https://ml.globenewswire.com/media/Mjk3YWJiOTEtNmFiOC00N2JmLWI5ZGEtZTMzNjE4OWIzMWI0LTUwMDAzMjA1OQ==/tiny/Peapack-Gladstone-Financial-Co.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/53b6bb79-23d0-48f1-86d7-afdb745bcf7e) Source: Peapack-Gladstone Financial Corporation
Date: 2022-01-28
Title: This Move Could Save AMC Hundreds of Millions in Expenses
Article: **AMC Entertainment Holdings** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) has had a roller-coaster couple of years dealing with extreme ups and downs, many directly related to the pandemic. A recent move by management was made in the hopes of getting the theater chain back on track and heading upwards.AMC management has been dealing with a decline in attendance at its movie theaters for years. The issue was severely exacerbated in 2020 when its theaters were forced to close their doors for several months in response to concerns about the spread of COVID-19. [A group of people watching a movie in a movie theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662848%2Fgettyimages-688782978.jpg&w=700) Image source: Getty Images. Fortunately for AMC, the company's plight gained the interest of a group of retail traders who brought about the meme stock frenzy of 2021. AMC's share prices skyrocketed as it got caught up in the craze. Management smartly took advantage of the [elevated stock price](https://www.fool.com/investing/2021/12/17/amc-stock-buy-sell-or-hold-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) to issue new shares and raise much-needed cash.Now, management is looking to deploy that cash in a way that could save the theater chain hundreds of millions in expenses per year. **AMC has over $5.2 billion in long-term debt** According to The Wall Street Journal, AMC is in advanced talks to pay down some of its high-interest debt. In addition to selling shares to raise cash during the pandemic, AMC borrowed billions of dollars at interest rates exceeding 10%. Already, in the nine months ended Sept. 30, AMC has incurred interest expenses of $328.3 million, an increase of 40% from the $233.7 million during the same period the year prior.That's weighing heavily on a company that barely managed [$727.6 million in revenue](https://www.fool.com/investing/2022/01/17/amc-good-news-stock-price-expensive/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) in the same nine-month period. In other words, AMC's interest expenses are 45% of revenue so far in fiscal year 2021. Overall, it had $5.2 billion in long-term debt as of Sept. 30. Of that total, $1.95 billion is for loans due in 2026 bearing only 3.1% interest, a rate that management likely considers more manageable. Management's focus is on the over $2.9 billion in debt with interest rates between 10.5% and 17%. Those loans, with principal due between 2023 and 2026, generate the bulk of the company's interest expense. As of Sept. 30, AMC had $1.6 billion in cash and equivalents on its balance sheet. Other than meeting its near-term financial obligations, it's hard to imagine a better use of that cash than paying down high-interest debt.Still, the move might not go over well with AMC shareholders. They balked at the idea of allowing management to raise more equity by authorizing an increased share count, a move that would have indeed served the company well when its stock price was at its low point. The shareholders seem more excited about [moonshot ideas](https://www.fool.com/investing/2021/11/17/amc-management-trying-cryptocurrency-nft/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for AMC, like issuing non-fungible tokens (NFTs), forays into cryptocurrency, and such. Practical moves like paying down debt and reducing expenses are less enticing. **AMC's stock is already down 41% in 2022**Management has worked diligently during the pandemic, balancing the company's practical needs and maintaining shareholder interest. After all, without the billions infused by equity sales to enthusiastic investors, AMC would not have the luxury to consider paying down debt early. So it might be just as much in the company's interest for management to consider shareholders' impractical ideas as it would be to consider paying down debt.Still, the stock price is [down 41% year to date in 2022](https://www.fool.com/investing/2021/12/31/3-reasons-to-sell-amc-stock-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) as enthusiasm for the meme stock wanes. That could be why management finds this an opportune time to look after the company's practical needs with the cash it has on hand. The prospect of raising billions more through [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) sales seems like an opportunity that will realistically be available to AMC again. **10 stocks we like better than AMC Entertainment Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Shoals Technologies Group Inc - Class A Shares Close the Week 20.6% Lower - Weekly Wrap
Article: Shoals Technologies Group Inc - Class A ([SHLS](https://kwhen.com/finance/profiles/SHLS/summary))) shares closed this week 20.6% lower than it did at the end of last week. The stock is currently down 44.6% year-to-date, down 56.5% over the past 12 months, and down 56.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $17.15 and as low as $13.28 this week. - Trading volume this week was 18.9% lower than the 10-day average and 25.9% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 168.5% - The company's stock price performance over the past 12 months lags the peer average by 50.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: OXM
Security: Oxford Industries, Inc.
Related Stocks/Topics: Stocks|VFC|SHOO|DLA
Title: V.F. Corp (VFC) Beats Q3 Earnings & Revenues Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **V.F. Corporation** [VFC](https://www.nasdaq.com/market-activity/stocks/vfc) has reported robust third-quarter fiscal 2022 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate and grew year over year. Despite the tough economic environment, results gained from broad-based momentum across the company’s brands.Despite the solid quarterly results, shares of VFC fell more than 3% before the market trading session on Jan 28. This might be due to a lowered sales view for fiscal 2022. We also note that the Zacks Rank #4 (Sell) stock has lost 10.1% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/textile-apparel-180)’s decline of 0.6%. **Q3 Highlights** V.F. Corp’s adjusted earnings per share of $1.35 jumped 45% year over year, beating the Zacks Consensus Estimate of $1.21. On a constant-currency (cc) basis, adjusted earnings per share were up 44%. Earnings per share included an 11 cent-contribution from acquisitions.Net revenues of $3,624.4 million rose 22% year over year and beat the Zacks Consensus Estimate of $3,613 million. At cc, revenues were up 22%. Without the impacts of acquisitions, revenues rallied 15% (up 16% at cc) on gains from VF's largest brands. The top line also gained from growth in the EMEA and North America regions, which experienced the pandemic-led negative impacts in the prior-year quarter.Revenues in the United States were up 24% year over year on a reported basis and at cc. Revenues in the Americas (non-U.S.) grew 27% (up 24% at cc). In the EMEA region, revenues rose 26% (up 28% at cc). APAC revenues increased 5% on a reported basis (up 3% at cc), whereas the same in Greater China fell 6% (down 9% at cc). The company’s international revenues were up 19% year over year on a reported basis (up 20% at cc).Channel-wise, wholesale, direct-to-consumer and digital revenues were up 14%, 30% and 21% year over year on a reported basis and at cc, respectively.The adjusted gross margin expanded 60 basis points (bps) to 56.3%, including a 20-bps gain from acquisitions.The adjusted operating income increased 40% year over year to $643 million on a reported basis and at cc. The adjusted operating margin expanded 230 bps to 17.7%. The adjusted operating income included acquisition-related contributions of 50 bps. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/9e/16841.jpg?v=1369575232) Image Source: Zacks Investment Research******Segmental Details** Revenues in the Active segment rose 25% to $1,410.6 million (up 26% at cc). The Outdoor segment reported revenues of $1,928.4 million, up 23% year over year on a reported basis and at cc. Revenues in the Work segment grew 6% year over year (up 5% at cc) to $285.1 million. **Financial Details** V.F. Corp ended the fiscal third quarter with cash and cash equivalents of $1,333.8 million, long-term debt of $4,646.4 million, and shareholders’ equity of $3,653.4 million. Inventories were up 19.6% year over year, amounting to $1,287.2 million.For the nine months ended December 2021, the company generated an operating cash flow of $797.4 million. It returned $195 million to shareholders through dividend payouts in the fiscal third quarter. VFC also bought back shares worth roughly $300 million, with $2.5 billion remaining under its existing share repurchase program.The company declared a quarterly cash dividend of 50 cents per share, payable Mar 21, 2022, to shareholders of record as of Mar 10. **Other Updates** V.F. Corp continues to adjust its business operations per the government guidelines associated with the COVID-19 pandemic. Although the majority of the company’s supply chains are currently operational, it has witnessed manufacturing capacity constraints in the fiscal third quarter due to the resurgence of lockdowns in certain countries. Port delays, equipment availability and other logistics challenges have been dragging.The company is working with its suppliers to minimize disruptions. Its distribution centers are operating in accordance with the government guidelines to maintain safety and health protocols. All stores in North America and the APAC region, including Mainland China, were open in the fiscal third quarter, while only 6% of stores in EMEA regions were closed. Currently, all stores in North America and the APAC regions are operating, while only 1% of stores in EMEA are closed. However, management expects business disruptions to persist in the near term. **V.F. Corporation Price, Consensus and EPS Surprise**** [](https://www.zacks.com/stock/chart/VFC/price-consensus-eps-surprise-chart?icid=chart-VFC-price-consensus-eps-surprise-chart)** [V.F. Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/VFC/price-consensus-eps-surprise-chart?icid=chart-VFC-price-consensus-eps-surprise-chart) | [V.F. Corporation Quote](https://www.nasdaq.com/market-activity/stocks/vfc) **Outlook** Despite the ongoing disruptions, management retained its fiscal 2022 view. It expects revenues of $11.85 billion, which suggests year-over-year growth of 28%. The guidance includes $600 million of revenue contribution from the Supreme brand. The view compares unfavorably with the earlier mentioned 12% growth. The Zacks Consensus Estimate for fiscal 2022 revenues is pegged at $12 billion.On a segmental basis, the company lifted its revenue expectation to growth of 26-28% for Outdoor, up from the prior mentioned 25-27% growth. The Work segment’s revenues are still anticipated to be 19-21%. Meanwhile, revenues in the Active segment are now likely to grow 31-33%, down from the earlier mentioned 35-37% rise.International revenues are predicted to rise 22-24%, down from the prior mentioned 24-26% growth. Region-wise, revenues in EMEA are expected to increase 28-30%, down from the earlier stated 30-32% growth, and the APAC region is expected to rise 7-9%, down from the previously stated 12-14% growth. However, revenues in the Americas (non-U.S.) region are likely to witness 33-35% growth, up from the previously mentioned 30-32% rise. The company predicts direct-to-consumer revenue growth of 32-34%, down from a 34-36% rise mentioned earlier. This includes more than 15% growth in digital revenues, down from the earlier stated 20% rise.The company anticipates an adjusted gross margin of 55%, suggesting year-over-year growth of 170 bps. This compares unfavorably with the previously mentioned 56%, suggesting year-over-year growth of 270 bps. It still expects an adjusted operating margin of 13%, suggesting growth of 500 bps.V.F. Corp continues to envision adjusted earnings per share of $3.20, including contributions from the Supreme brand of 25 cents. The Zacks Consensus Estimate for fiscal 2022 earnings is pegged at $3.17.The company expects an adjusted operating cash flow of $1 billion for fiscal 2022. It expects an effective tax rate of 14% and a capital expenditure of $350 million for the fiscal year. **Stocks to Consider** Some better-ranked stocks from the [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Delta Apparel** [DLA](https://www.nasdaq.com/market-activity/stocks/dla), **Oxford Industries** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) and **Steven Madden** [SHOO](https://www.nasdaq.com/market-activity/stocks/shoo).Oxford Industries currently sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 96.7%, on average. Shares of OXM have gained 37.1% in the past year. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Oxford Industries’ current financial year’s sales and earnings suggests growth of 51.9% and 523.8%, respectively, from the year-ago period's reported numbers.Delta Apparel currently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 95.5% on average. The DLA stock has gained 45.9% in the past year.The Zacks Consensus Estimate for Delta Apparel's current financial year’s sales and earnings per share suggests growth of 11.9% and 10.1%, respectively, from the year-ago period's reported numbers.Steven Madden presently carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 41.9%, on average. Shares of SHOO have rallied 20.9% in a year.The Zacks Consensus Estimate for Steven Madden’s current financial-year sales and earnings suggests growth of 50.8% and 267.2% from the year-ago period’s reported numbers, respectively. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [V.F. Corporation (VFC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=VFC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Steven Madden, Ltd. (SHOO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SHOO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Delta Apparel, Inc. (DLA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DLA&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859104/v-f-corp-vfc-beats-q3-earnings-revenues-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 87.7346
Stock Price 2 days before: 89.924
Stock Price 1 day before: 89.1608
Stock Price at release: 83.5533
Risk-Free Rate at release: 0.0004
| 86.2721 |
Broader Economic Information:
Date: 2022-01-28
Title: VAALCO Energy Declares Initial Quarterly Dividend
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("**VAALCO**" or the "**Company**")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, "In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value." \begin{table}{|c|c|} \hline For Further Information & \\ \hline & \\ \hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\ \hline Website: & www.vaalco.com \\ \hline & \\ \hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\ \hline Al Petrie / Chris Delange & \\ \hline & \\ \hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\ \hline Ben Romney / Jon Krinks/ James Husband & [email protected] \\ \hline \end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Date: 2022-01-28
Title: Enterprise Financial Services' (NASDAQ:EFSC) Shareholders Will Receive A Bigger Dividend Than Last Year
Article: The board of **Enterprise Financial Services Corp** (NASDAQ:EFSC) has announced that it will be increasing its dividend on the 31st of March to US$0.21. Even though the dividend went up, the yield is still quite low at only 1.6%. **Enterprise Financial Services' Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, Enterprise Financial Services' earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.3% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.[historic-dividend](https://images.simplywall.st/asset/chart/3109911-historic-dividend-1-dark/1643364750984) NasdaqGS:EFSC Historic Dividend January 28th 2022**Enterprise Financial Services Has A Solid Track Record** The company has an extended history of paying stable dividends. Since 2012, the first annual payment was US$0.21, compared to the most recent full-year payment of US$0.84. This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable. **Enterprise Financial Services Could Grow Its Dividend** Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Enterprise Financial Services has impressed us by growing EPS at 7.6% per year over the past five years. Enterprise Financial Services definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We'd also point out that Enterprise Financial Services has issued stock equal to 44% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. **Enterprise Financial Services Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified [2 warning signs for Enterprise Financial Services](https://simplywall.st/stocks/us/banks/nasdaq-efsc/enterprise-financial-services?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYwODpmMTQxOGU3MDUzZWQ4NmY4)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Don't Ignore The Fact That This Insider Just Sold Some Shares In HCI Group, Inc. (NYSE:HCI)
Article: Investors may wish to note that the VP, General Counsel & Company Secretary of **HCI Group, Inc. **, Andrew Graham, recently netted US$54k from selling stock, receiving an average price of US$68.89. However we note that the sale only shrunk their holding by 0.7%. **HCI Group Insider Transactions Over The Last Year** In fact, the recent sale by Andrew Graham was the biggest sale of HCI Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$64.00. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NYSE:HCI Insider Trading Volume January 28th 2022I will like HCI Group better if I see some big insider buys. While we wait, check out this **free** [list of growing companies with considerable, recent, insider buying.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874714&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of HCI Group** I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. HCI Group insiders own 18% of the company, currently worth about US$119m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. **So What Do The HCI Group Insider Transactions Indicate?**An insider hasn't bought HCI Group stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - HCI Group has [5 warning signs](https://simplywall.st/stocks/us/insurance/nyse-hci/hci-group?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **HCI Group may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with high ROE and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcxNDozNGM3NTlhN2M2MzA5MWVi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: The past five years for Argan (NYSE:AGX) investors has not been profitable
Article: In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term **Argan, Inc.** (NYSE:AGX) shareholders for doubting their decision to hold, with the stock down 45% over a half decade.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the five years over which the share price declined, Argan's earnings per share (EPS) dropped by 5.2% each year. This reduction in EPS is less than the 11% annual reduction in the share price. So it seems the market was too confident about the business, in the past.The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/298718-earnings-per-share-growth-1-dark/1643364059812) NYSE:AGX Earnings Per Share Growth January 28th 2022It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of [historic growth trends, available here.](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past). **What About Dividends?**It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Argan's TSR for the last 5 years was -36%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. **A Different Perspective** While the broader market gained around 5.2% in the last year, Argan shareholders lost 7.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 6% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Argan has [1 warning sign ](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **Argan may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with past earnings growth (and further growth forecast).](https://simplywall.st/discover/investing-ideas/19524/growth-stocks?blueprint=1874575&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU3NTpmMTUzMGU4MzI1NjEyMGZm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Leslie's, Inc. (LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Date: 2022-01-28
Title: Don't Ignore The Fact That This Insider Just Sold Some Shares In HCI Group, Inc. (NYSE:HCI)
Article: Investors may wish to note that the VP, General Counsel & Company Secretary of **HCI Group, Inc. **, Andrew Graham, recently netted US$54k from selling stock, receiving an average price of US$68.89. However we note that the sale only shrunk their holding by 0.7%. **HCI Group Insider Transactions Over The Last Year** In fact, the recent sale by Andrew Graham was the biggest sale of HCI Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$64.00. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NYSE:HCI Insider Trading Volume January 28th 2022I will like HCI Group better if I see some big insider buys. While we wait, check out this **free** [list of growing companies with considerable, recent, insider buying.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874714&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of HCI Group** I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. HCI Group insiders own 18% of the company, currently worth about US$119m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. **So What Do The HCI Group Insider Transactions Indicate?**An insider hasn't bought HCI Group stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - HCI Group has [5 warning signs](https://simplywall.st/stocks/us/insurance/nyse-hci/hci-group?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **HCI Group may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with high ROE and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcxNDozNGM3NTlhN2M2MzA5MWVi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: CMRE
Security: Costamare Inc.
Related Stocks/Topics: Public Companies
Title: Costamare (NYSE:CMRE) Will Want To Turn Around Its Return Trends
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at **Costamare** (NYSE:CMRE), it didn't seem to tick all of these boxes. **Understanding Return On Capital Employed (ROCE)**For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Costamare: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.074 = US$287m ÷ (US$4.2b - US$355m) (Based on the trailing twelve months to September 2021).Therefore, **Costamare has an ROCE of 7.4%.** Ultimately, that's a low return and it under-performs the Shipping industry average of 10%.[roce](https://images.simplywall.st/asset/chart/33026309-roce-1-dark/1643366598973) NYSE:CMRE Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Costamare compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Costamare [here ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****What Can We Tell From Costamare's ROCE Trend?**In terms of Costamare's historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 9.4% over the last five years. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. **The Bottom Line On Costamare's ROCE** While returns have fallen for Costamare in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. And the stock has done incredibly well with a 206% return over the last five years, so long term investors are no doubt ecstatic with that result. So should these growth trends continue, we'd be optimistic on the stock going forward.On a final note, we found [ 3 warning signs for Costamare (1 doesn't sit too well with us) ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) you should be aware of. While Costamare isn't earning the highest return, check out this **free** [list of companies that are earning high returns on equity with solid balance sheets.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcyNDpmYTE3ZDg2YmEwZjgxY2Yx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 11.9385
Stock Price 2 days before: 12.0578
Stock Price 1 day before: 13.6802
Stock Price at release: 12.4754
Risk-Free Rate at release: 0.0004
Symbol: ALT
Security: Altimmune, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 7.00689
Stock Price 2 days before: 7.19101
Stock Price 1 day before: 7.27164
Stock Price at release: 6.56554
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: ONEW
Security: OneWater Marine Inc.
Related Stocks/Topics: Technology|GM|LEN|RJF|ABG
Title: New Strong Buy Stocks for January 28th
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This company which is one of the largest automotive retailers has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**General Motors** [GM](https://www.nasdaq.com/market-activity/stocks/gm): This company which is one of the world’s largest automakers has seen the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days. **General Motors Company Price and Consensus** [](https://www.zacks.com/stock/chart/GM/price-consensus-chart?icid=chart-GM-price-consensus-chart)[General Motors Company price-consensus-chart](https://www.zacks.com/stock/chart/GM/price-consensus-chart?icid=chart-GM-price-consensus-chart) | [General Motors Company Quote](https://www.nasdaq.com/market-activity/stocks/gm)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) **OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Raymond James Financial** [RJF](https://www.nasdaq.com/market-activity/stocks/rjf): This diversified financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. **Raymond James Financial, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/RJF/price-consensus-chart?icid=chart-RJF-price-consensus-chart)[Raymond James Financial, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/RJF/price-consensus-chart?icid=chart-RJF-price-consensus-chart) | [Raymond James Financial, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rjf) You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [General Motors Company (GM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Raymond James Financial, Inc. (RJF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RJF&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858059/new-strong-buy-stocks-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 47.0153
Stock Price 2 days before: 49.232
Stock Price 1 day before: 48.2261
Stock Price at release: 49.6118
Risk-Free Rate at release: 0.0004
| 49.9032 |
Broader Economic Information:
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: Lowe's + Petco Store-in-store Set For Launch
Article: (RTTNews) - Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under one roof. This "one-of-a-kind specialty retail partnership" brings Petco shops to select Lowe's locations to offer customers trusted products, services and expertise for both home and pets in one, convenient stop at select Lowe's locations. "Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to create healthy, happy homes for pet parents and the pets they love," said Nick Konat, Petco's chief merchandising officer. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February. The company also plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. These Lowe's + Petco locations will offer pet parents a curated assortment of Petco's high-quality pet nutrition as well as health and wellness supplies and services, including Petco's beloved owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh, as well as a variety of popular national brands. This will add to Lowe's existing "pets welcome" atmosphere and selection of pet-friendly products such as STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies. All these products from Petco will also be available to purchase in store or on Lowes.com to be picked up curbside, in contactless pickup lockers or at the Customer Service desk at Lowe's pilot locations at no additional cost. Lowe's + Petco locations are also expected to offer a selection of Petco's pet services, including Vetco vaccination clinics, microchipping, prescription pest prevention, and mobile grooming at select times and locations. Lowe's is also looking to staff these Lowe's + Petco pilot locations with knowledgeable Petco employees during peak hours to offer pet-focused guidance alongside Lowe's associates' advice on home improvement projects. According to a recent online survey conducted by TRUE Global Intelligence on behalf of Lowe's, more than 11 million new pets entered U.S. homes since the start of the pandemic, with 67 percent of respondents having found their greatest comfort in their pets while nearly half found that comfort in their homes.
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: TMP
Security: Tompkins Financial Corporation
Related Stocks/Topics: Stocks
Title: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 82.2442
Stock Price 2 days before: 83.5097
Stock Price 1 day before: 82.021
Stock Price at release: 79.3287
Risk-Free Rate at release: 0.0004
| 79.238 |
Broader Economic Information:
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)
Article: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Date: 2022-01-28
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold
Article: Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.For instance, [fintech companies](https://www.fool.com/investing/stock-market/market-sectors/financials/fintech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) like **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst) and **Riskified** [(NYSE: RSKD)](https://www.nasdaq.com/market-activity/stocks/rskd) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology. Here's what you should know. [A person cheering in front of a laptop computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fcomputer-2.jpg&w=700) Image source: Getty Images. **1. Upstart Holdings** According to Upstart, 80% of Americans have never defaulted on a loan, yet only 48% qualify for the lowest interest rates banks offer. Management believes that discrepancy stems from a lack of data. Specifically, many of the most sophisticated credit models incorporate just 30 variables, so lenders determine loan eligibility and set interest rates based on very little information. In turn, some applicants are mistakenly approved, and others are mistakenly rejected, which means the creditworthy borrowers end up subsidizing those who default.To solve that problem, Upstart leans on big data and AI. Its platform captures over 1,600 data points per applicant then measures those variables against past repayment events to quantify risk. To that end, internal studies have shown that Upstart's AI can cut loss rates by 75% while keeping approval rates constant, or it can boost approval rates by 173% while keeping loss rates constant. Either way you measure it, that's good news for lenders.Not surprisingly, Upstart has seen strong demand. Since its IPO in December 2020, the number of banks and credit unions using its technology has tripled. Likewise, revenue skyrocketed 250% to $228 million in the most recent quarter, and net income jumped 200% to $29.1 million. Upstart is well-positioned to maintain that momentum.In October 2021, the company launched Upstart Auto Retail, an e-commerce platform for car dealerships. It allows consumers to find vehicles, check out online, and access AI-powered auto loans. So far, seven banks and 291 dealerships have adopted the product. Currently, management puts its market opportunity at $753 billion, a figure that includes all personal loans and auto loans originated in the U.S. over a 12-month period. To put that number in context, Upstart powered $8.9 billion in loans over the past year -- less than 2% of its addressable market. Moreover, Upstart can enter other markets in the future, such as student loans and mortgages. That's why this [growth stock](https://www.fool.com/investing/2022/01/19/want-137-to-199-upside-2-growth-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) looks like a smart way to invest in AI. [A person holding a credit card while browsing on a computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fpayments-2.jpg&w=700) Image source: Getty Images. **2. Riskified** Riskified is a fintech company that specializes in e-commerce fraud prevention. Legacy risk-management platforms tend to be costly and inaccurate, so valid transactions are frequently rejected, and fraudulent ones are often approved. Lost revenue due to false declines hit $443 billion in the U.S. in 2021, and fraud-related losses are expected to reach $25 billion by 2024.To fix those problems, Riskified leans on big data and AI. Compared to legacy solutions, its platform integrates more deeply with its clients' infrastructure, gathering data across any system that tracks transactions or website interactions. The company then [uses AI](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) to analyze those variables and quantify the risk of fraud, allowing it to automate the approval or denial process with 99.8% accuracy.Across its clientele -- which range from large enterprises like **Wayfair** to small businesses powered by **Shopify** -- Riskified boosts sales by approving more transactions than legacy solutions, and it reduces expenses by blocking illegitimate charges. On average, Riskified's 10-largest merchants have seen revenue rise by 8%, and fraud-related expenses fall by 39%. That's a compelling value proposition. Financially, Riskified's performance has been solid on the top line. Gross merchandise volume rose 28% to $20.9 billion in the third quarter, and revenue jumped 26% to $52.5 million. However, the company's [gross margin](https://www.fool.com/investing/how-to-invest/stocks/gross-margin/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) fell seven percentage points to 46%, due primarily to a sharp increase in chargeback expenses. To clarify, Riskified eats the cost of any fraudulent transactions that slip by its AI, categorizing those costs as chargeback expenses. In other words, Riskified's falling gross margin could be a sign that its AI models aren't working as intended.However, management provided an alternative explanation, calling attention to several new merchants in new industries. Put another way, Riskified's AI models faltered because the company lacks sufficient data in those markets, so the problem should resolve itself in time. Investors should watch this situation closely. If the company's gross margin is still falling a few quarters down the road, it might be time to sell.Alternatively, if Riskified's AI models improve with more data and gross profit growth accelerates, this $1 billion company could easily grow tenfold (or even a hundredfold) in the long run. **10 stocks we like better than Upstart Holdings, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) for investors to buy right now... and Upstart Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Shopify. The Motley Fool owns and recommends Riskified Ltd., Shopify, and Upstart Holdings, Inc. The Motley Fool recommends Wayfair and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. 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I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Date: 2022-01-28
Title: Here's Why I Think SmartFinancial (NASDAQ:SMBK) Might Deserve Your Attention Today
Article: Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. And in their study titled Who Falls Prey to the Wolf of Wall Street?' Leuz et. al. found that it is 'quite common' for investors to lose money by buying into 'pump and dump' schemes.So if you're like me, you might be more interested in profitable, growing companies, like **SmartFinancial** (NASDAQ:SMBK). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. **SmartFinancial's Earnings Per Share Are Growing. **If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. SmartFinancial managed to grow EPS by 12% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. I note that SmartFinancial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. While we note SmartFinancial's EBIT margins were flat over the last year, revenue grew by a solid 26% to US$136m. That's a real positive.In the chart below, you can see how the company has grown earnings, and revenue, over time. To see the actual numbers, click on the chart.[earnings-and-revenue-history](https://images.simplywall.st/asset/chart/142913479-earnings-and-revenue-history-1-dark/1643383967048) NasdaqCM:SMBK Earnings and Revenue History January 28th 2022You don't drive with your eyes on the rear-view mirror, so you might be more interested in this **free** [report showing analyst forecasts for SmartFinancial's future profits](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future). **Are SmartFinancial Insiders Aligned With All Shareholders?** I like company leaders to have some skin in the game, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. As a result, I'm encouraged by the fact that insiders own SmartFinancial shares worth a considerable sum. With a whopping US$68m worth of shares as a group, insiders have plenty riding on the company's success. At 15% of the company, the co-investment by insiders gives me confidence that management will make long-term focussed decisions. It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. A brief analysis of the CEO compensation suggests they are. I discovered that the median total compensation for the CEOs of companies like SmartFinancial with market caps between US$200m and US$800m is about US$1.7m.The SmartFinancial CEO received total compensation of just US$809k in the year to . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally. **Does SmartFinancial Deserve A Spot On Your Watchlist?**As I already mentioned, SmartFinancial is a growing business, which is what I like to see. Earnings growth might be the main game for SmartFinancial, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, I'd argue this one is worthy of the watchlist, at least. We don't want to rain on the parade too much, but we did also find [1 warning sign for SmartFinancial](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you need to be mindful of.You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is [a list of companies with insider buying in the last three months.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4OTozM2U5OThiNWZiYzNiODFh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At PRG
Article: In trading on Friday, shares of PROG Holdings Inc (Symbol: PRG) touched a new 52-week low of $36.82/share. That's a $20.83 share price drop, or -36.13% decline from the 52-week high of $57.65 set back on 02/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for PRG that means the stock would have to gain 56.57% to get back to the 52-week high. For a move like that, PROG Holdings Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as PRG shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, PRG has seen 3 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/03/2021 & Steven A. Michaels & CEO & 7,500 & $42.91 & $321,825.00 \\ \hline 08/03/2021 & Brian Garner & Chief Financial Officer & 2,500 & $42.89 & $107,225.00 \\ \hline 08/09/2021 & Douglas C. Curling & Director & 2,500 & $43.11 & $107,775.00 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where PRG has traded over the past year, with the 50-day and 200-day moving averages included. [PROG Holdings Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for PRG shares, which are presently showing a last trade of $38.08/share, a 3.42% rebound off of the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: LKFN
Security: Lakeland Financial Corporation
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 78.1246
Stock Price 2 days before: 81.2143
Stock Price 1 day before: 81.0629
Stock Price at release: 79.7979
Risk-Free Rate at release: 0.0004
Symbol: FLWS
Security: 1-800-FLOWERS.COM, Inc.
Related Stocks/Topics: Markets
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Type: News
Publication: The Motley Fool
Publication Author: Motley Fool Transcribing
Date: 2022-01-28
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) for investors to buy right now... and 1-800-Flowers.com wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)*Stock Advisor returns as of January 10, 2022Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables accompanying the company's press release issued this morning. The company expressly disclaims any intent or obligation to update any of the forward-looking statements made in today's call, any recordings of today's call, the press release issued earlier today, or in any of its SEC filings, except as may be otherwise stated by the company. I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 20.9869
Stock Price 2 days before: 22.6891
Stock Price 1 day before: 17.1686
Stock Price at release: 15.166
Risk-Free Rate at release: 0.0004
Symbol: HUMA
Security: Humacyte, Inc.
Related Stocks/Topics: Unknown
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Stock Price 4 days before: 5.11041
Stock Price 2 days before: 5.49891
Stock Price 1 day before: 5.59693
Stock Price at release: 5.11435
Risk-Free Rate at release: 0.0004
Symbol: BIGC
Security: BigCommerce Holdings, Inc.
Related Stocks/Topics: Unknown
Title: BigCommerce to Announce Fourth Quarter 2021 Financial Results on February 28, 2022
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: **Conference Call Scheduled for February 28, 2022 at 5:00 p.m. ET** AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading open software as-a-service (SaaS) ecommerce platform for fast-growing and established brands, today announced it will report its financial results for the fourth quarter ended December 31, 2022 after market close on Monday, February 28, 2022. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. CT (5:00 p.m. ET) on Monday, February 28, 2022. The conference call can be accessed by dialing (833) 519-1347 from the United States and Canada or (914) 800-3909 internationally with conference ID 6398736. The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/). Following the completion of the call through 8:00 p.m. ET on February 28, 2022, a telephone replay will be available by dialing (855) 859-2056 from the United States and Canada or (404) 537-3406 internationally with conference ID 6398736. A webcast replay will also be available at [http://investors.bigcommerce.com](http://investors.bigcommerce.com/) for 12 months. **About BigCommerce** BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit [www.bigcommerce.com](https://www.globenewswire.com/Tracker?data=3xB-zFwDQepwWHJ0LMskId2U_Age6oETOZFLdd3j3i9C-XMrJCdZ9PvVRFek2Lwxx4yWxg93GcTWzI1wAe5koUgdCHnDeL8Siq8sv_SEZbY=) or follow us on [Twitter](https://www.globenewswire.com/Tracker?data=TuwBJdG_XuYcZhHU9KBBF412eHtlRSMGYcmRsAhcLH6hxmPhnxc0Q_jJiLabLKveELicb8beGtQJKRBQz5Ov4Q==), [LinkedIn](https://www.globenewswire.com/Tracker?data=EAr10hFnXB_pZn5lOe3payJnmBLrBUQzv70fXTTJc9IS1MC4KWUEgBHg97c_9U5eAUgSqXp_8D4uWuaSf2zhgmdu-DhoDn1cbf4pE_TXfKQ=), [Instagram](https://www.globenewswire.com/Tracker?data=L6rrPRp7s48R5nJsiMlUn-ymBY1IuBriBDYQcMzIOc-Jan-xQ8xVS2VxF4ms5k7LEYs9RGlgj8NHCrs9lnHEGw==) and [Facebook](https://www.globenewswire.com/Tracker?data=VDjRZHGlk8nWERPE4ZqLcBmOn18VSJDKFGNQlEMsUviyrTmd7nkBO2mLzaL6At1hpkb9EA1XdjELEQgzMm-HDg==). **BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.** \begin{table}{|c|c|} \hline Media Relations Contact & Investor Relations Contact \\ \hline Brad Hem & Amit Marwaha \\ \hline [email protected] & [email protected] \\ \hline & (737) 236-2363 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk0OSM0Njk4NDAzIzIxOTUzNTk=) [Image](https://ml.globenewswire.com/media/MGNkNzM2MzMtM2JiNy00YTE1LWE3YmItMzEyN2Q1OTFlOGNiLTEyMDY5MTI=/tiny/BigCommerce-Holdings-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/27a6100b-b1b8-4ad2-8924-6358aa2ebf54) Source: BigCommerce Holdings, Inc.
Stock Price 4 days before: 26.7489
Stock Price 2 days before: 29.1811
Stock Price 1 day before: 30.7264
Stock Price at release: 28.7417
Risk-Free Rate at release: 0.0004
Symbol: PEBO
Security: Peoples Bancorp Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 32.3382
Stock Price 2 days before: 33.9808
Stock Price 1 day before: 34.0242
Stock Price at release: 32.7737
Risk-Free Rate at release: 0.0004
Symbol: CNNE
Security: Cannae Holdings, Inc.
Related Stocks/Topics: Stocks
Title: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 29.9473
Stock Price 2 days before: 30.4906
Stock Price 1 day before: 30.2971
Stock Price at release: 28.1036
Risk-Free Rate at release: 0.0004
Symbol: CYRX
Security: Cryoport, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: When Will Cryoport, Inc. (NASDAQ:CYRX) Become Profitable?
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: With the business potentially at an important milestone, we thought we'd take a closer look at **Cryoport, Inc.'s (NASDAQ:CYRX)** future prospects. Cryoport, Inc., a life sciences services company, provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s loss has recently broadened since it announced a US$75m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$76m, moving it further away from breakeven. Many investors are wondering about the rate at which Cryoport will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.Cryoport is bordering on breakeven, according to the 9 American Medical Equipment analysts. They anticipate the company to incur a final loss in 2022, before generating positive profits of US$7.6m in 2023. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 66% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. [earnings-per-share-growth](https://images.simplywall.st/asset/chart/20991737-earnings-per-share-growth-1-dark/1643368006270) NasdaqCM:CYRX Earnings Per Share Growth January 28th 2022Given this is a high-level overview, we won’t go into details of Cryoport's upcoming projects, but, keep in mind that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.Before we wrap up, there’s one aspect worth mentioning. The company has managed its capital prudently, with debt making up 18% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. **Next Steps:**There are too many aspects of Cryoport to cover in one brief article, but the key fundamentals for the company can all be found in one place – [Cryoport's company page on Simply Wall St](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq). We've also put together a list of essential aspects you should look at: - **Valuation**: What is Cryoport worth today? Has the future growth potential already been factored into the price? The [intrinsic value infographic in our free research report](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#value) helps visualize whether Cryoport is currently mispriced by the market. - **Management Team**: An experienced management team on the helm increases our confidence in the business – take a look at [who sits on Cryoport’s board and the CEO’s background](https://simplywall.st/stocks/us/healthcare/nasdaq-cyrx/cryoport?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). - **Other High-Performing Stocks**: Are there other stocks that provide better prospects with proven track records? Explore our [free list of these great stocks here](https://simplywall.st/discover/investing-ideas/206/big-green-snowflakes?blueprint=1874810&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgxMDpiY2M0ZWE0ZTIzOWE1Yzhl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 40.8771
Stock Price 2 days before: 44.3587
Stock Price 1 day before: 40.416
Stock Price at release: 36.497
Risk-Free Rate at release: 0.0004
Symbol: RSKD
Security: Riskified Ltd.
Related Stocks/Topics: UPST|Markets|SHOP|W
Title: Want to Invest in the Future of Technology? 2 Stocks to Buy and Hold
Type: News
Publication: The Motley Fool
Publication Author: Trevor Jennewine
Date: 2022-01-28
Article: Over the next two decades, artificial intelligence (AI) will contribute $30 trillion to the global equity market cap, according to Ark Invest. And whether you realize it or not, AI already impacts your life on a daily basis. It makes content and product recommendations more relevant. It powers personalized search results and social media feeds. It even helps you compose grammatically correct emails and text messages. But those applications only scratch the surface of what AI could do in the future.For instance, [fintech companies](https://www.fool.com/investing/stock-market/market-sectors/financials/fintech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) like **Upstart Holdings** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst) and **Riskified** [(NYSE: RSKD)](https://www.nasdaq.com/market-activity/stocks/rskd) are using AI to minimize risk for banks and e-commerce merchants, helping them operate more efficiently and more profitably. To that end, both stocks look like smart ways to cash in on this transformation technology. Here's what you should know. [A person cheering in front of a laptop computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fcomputer-2.jpg&w=700) Image source: Getty Images. **1. Upstart Holdings** According to Upstart, 80% of Americans have never defaulted on a loan, yet only 48% qualify for the lowest interest rates banks offer. Management believes that discrepancy stems from a lack of data. Specifically, many of the most sophisticated credit models incorporate just 30 variables, so lenders determine loan eligibility and set interest rates based on very little information. In turn, some applicants are mistakenly approved, and others are mistakenly rejected, which means the creditworthy borrowers end up subsidizing those who default.To solve that problem, Upstart leans on big data and AI. Its platform captures over 1,600 data points per applicant then measures those variables against past repayment events to quantify risk. To that end, internal studies have shown that Upstart's AI can cut loss rates by 75% while keeping approval rates constant, or it can boost approval rates by 173% while keeping loss rates constant. Either way you measure it, that's good news for lenders.Not surprisingly, Upstart has seen strong demand. Since its IPO in December 2020, the number of banks and credit unions using its technology has tripled. Likewise, revenue skyrocketed 250% to $228 million in the most recent quarter, and net income jumped 200% to $29.1 million. Upstart is well-positioned to maintain that momentum.In October 2021, the company launched Upstart Auto Retail, an e-commerce platform for car dealerships. It allows consumers to find vehicles, check out online, and access AI-powered auto loans. So far, seven banks and 291 dealerships have adopted the product. Currently, management puts its market opportunity at $753 billion, a figure that includes all personal loans and auto loans originated in the U.S. over a 12-month period. To put that number in context, Upstart powered $8.9 billion in loans over the past year -- less than 2% of its addressable market. Moreover, Upstart can enter other markets in the future, such as student loans and mortgages. That's why this [growth stock](https://www.fool.com/investing/2022/01/19/want-137-to-199-upside-2-growth-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) looks like a smart way to invest in AI. [A person holding a credit card while browsing on a computer.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662772%2Fpayments-2.jpg&w=700) Image source: Getty Images. **2. Riskified** Riskified is a fintech company that specializes in e-commerce fraud prevention. Legacy risk-management platforms tend to be costly and inaccurate, so valid transactions are frequently rejected, and fraudulent ones are often approved. Lost revenue due to false declines hit $443 billion in the U.S. in 2021, and fraud-related losses are expected to reach $25 billion by 2024.To fix those problems, Riskified leans on big data and AI. Compared to legacy solutions, its platform integrates more deeply with its clients' infrastructure, gathering data across any system that tracks transactions or website interactions. The company then [uses AI](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) to analyze those variables and quantify the risk of fraud, allowing it to automate the approval or denial process with 99.8% accuracy.Across its clientele -- which range from large enterprises like **Wayfair** to small businesses powered by **Shopify** -- Riskified boosts sales by approving more transactions than legacy solutions, and it reduces expenses by blocking illegitimate charges. On average, Riskified's 10-largest merchants have seen revenue rise by 8%, and fraud-related expenses fall by 39%. That's a compelling value proposition. Financially, Riskified's performance has been solid on the top line. Gross merchandise volume rose 28% to $20.9 billion in the third quarter, and revenue jumped 26% to $52.5 million. However, the company's [gross margin](https://www.fool.com/investing/how-to-invest/stocks/gross-margin/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) fell seven percentage points to 46%, due primarily to a sharp increase in chargeback expenses. To clarify, Riskified eats the cost of any fraudulent transactions that slip by its AI, categorizing those costs as chargeback expenses. In other words, Riskified's falling gross margin could be a sign that its AI models aren't working as intended.However, management provided an alternative explanation, calling attention to several new merchants in new industries. Put another way, Riskified's AI models faltered because the company lacks sufficient data in those markets, so the problem should resolve itself in time. Investors should watch this situation closely. If the company's gross margin is still falling a few quarters down the road, it might be time to sell.Alternatively, if Riskified's AI models improve with more data and gross profit growth accelerates, this $1 billion company could easily grow tenfold (or even a hundredfold) in the long run. **10 stocks we like better than Upstart Holdings, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf) for investors to buy right now... and Upstart Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61b541fc-d062-461a-813e-9fca05e6ae93&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DUpstart%2520Holdings%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=da43a252-72df-4050-ab6e-0bfe23d3eecf)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Shopify. The Motley Fool owns and recommends Riskified Ltd., Shopify, and Upstart Holdings, Inc. The Motley Fool recommends Wayfair and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 6.12711
Stock Price 2 days before: 6.58901
Stock Price 1 day before: 6.45623
Stock Price at release: 6.27998
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: HRZN
Security: Horizon Technology Finance Corporation
Related Stocks/Topics: Stocks
Title: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 13.75
Stock Price 2 days before: 14.7665
Stock Price 1 day before: 14.5774
Stock Price at release: 14.3583
Risk-Free Rate at release: 0.0004
| 15.3781 |
Broader Economic Information:
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: AAM to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11
Article: DETROIT, Jan. 28, 2022 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 11, 2022. A press release announcing the results will be issued before the market opens on the same day and will be available at [www.aam.com](http://www.aam.com/). [](https://mma.prnewswire.com/media/526564/AAM_Logo.html) To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 6602864. To participate by live audio webcast or listen to the briefing following the call, visit [investor.aam.com](http://investor.aam.com/). A replay will be available one hour after the call is complete until February 18, 2022. To listen to the replay please dial: (877) 344-7529 from the United States (412) 317-0088 from outside the United States When prompted, callers should enter replay access code 7323464. The audio replay will also be archived on AAM's website for one year. **About AAM:**AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures highly advanced electric propulsion, driveline, and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 18,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit [aam.com](http://aam.com/). \begin{table}{|c|c|} \hline For more information: & \\ \hline Investor Contact & Media Contact \\ \hline David H. Lim & Christopher M. Son \\ \hline Head of Investor Relations & Vice President, Marketing & Communications \\ \hline (313) 758-2006 & (313) 758-4814 \\ \hline [email protected] & [email protected] \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=DE45046&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html](https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html) SOURCE American Axle & Manufacturing Holdings, Inc.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply
Article: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, "This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof."**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply
Article: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, "This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof."**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: OMI
Security: Owens & Minor, Inc.
Related Stocks/Topics: Stocks|AHCO
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Stock Price 4 days before: 43.6859
Stock Price 2 days before: 42.4716
Stock Price 1 day before: 42.0863
Stock Price at release: 41.9273
Risk-Free Rate at release: 0.0004
| 43.0613 |
Broader Economic Information:
Date: 2022-01-28
Title: Don't Ignore The Fact That This Insider Just Sold Some Shares In HCI Group, Inc. (NYSE:HCI)
Article: Investors may wish to note that the VP, General Counsel & Company Secretary of **HCI Group, Inc. **, Andrew Graham, recently netted US$54k from selling stock, receiving an average price of US$68.89. However we note that the sale only shrunk their holding by 0.7%. **HCI Group Insider Transactions Over The Last Year** In fact, the recent sale by Andrew Graham was the biggest sale of HCI Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$64.00. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NYSE:HCI Insider Trading Volume January 28th 2022I will like HCI Group better if I see some big insider buys. While we wait, check out this **free** [list of growing companies with considerable, recent, insider buying.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874714&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of HCI Group** I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. HCI Group insiders own 18% of the company, currently worth about US$119m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. **So What Do The HCI Group Insider Transactions Indicate?**An insider hasn't bought HCI Group stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - HCI Group has [5 warning signs](https://simplywall.st/stocks/us/insurance/nyse-hci/hci-group?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **HCI Group may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with high ROE and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcxNDozNGM3NTlhN2M2MzA5MWVi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: Costamare (NYSE:CMRE) Will Want To Turn Around Its Return Trends
Article: To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at **Costamare** (NYSE:CMRE), it didn't seem to tick all of these boxes. **Understanding Return On Capital Employed (ROCE)**For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Costamare: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.074 = US$287m ÷ (US$4.2b - US$355m) (Based on the trailing twelve months to September 2021).Therefore, **Costamare has an ROCE of 7.4%.** Ultimately, that's a low return and it under-performs the Shipping industry average of 10%.[roce](https://images.simplywall.st/asset/chart/33026309-roce-1-dark/1643366598973) NYSE:CMRE Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Costamare compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Costamare [here ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****What Can We Tell From Costamare's ROCE Trend?**In terms of Costamare's historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 9.4% over the last five years. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. **The Bottom Line On Costamare's ROCE** While returns have fallen for Costamare in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. And the stock has done incredibly well with a 206% return over the last five years, so long term investors are no doubt ecstatic with that result. So should these growth trends continue, we'd be optimistic on the stock going forward.On a final note, we found [ 3 warning signs for Costamare (1 doesn't sit too well with us) ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) you should be aware of. While Costamare isn't earning the highest return, check out this **free** [list of companies that are earning high returns on equity with solid balance sheets.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcyNDpmYTE3ZDg2YmEwZjgxY2Yx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Article: WEST READING, Pa.--(BUSINESS WIRE)-- Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.333922 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $ 0.310297 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022. **About Customers Bancorp** Customers Bancorp, Inc. (NYSE:CUBI) is a bank holding company which provides financial services through its subsidiary Customers Bank, a full-service super-community bank with assets of approximately $19.6 billion at December 31, 2021. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bank provides blockchain-based digital payments via the Customers Bank Instant Token (CBITTM) which allows clients to make instant payments in U.S. dollars, 24 hours a day, 7 days a week, 365 days a year. More at [www.customersbank.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.customersbank.com&esheet=52570666&newsitemid=20220128005437&lan=en-US&anchor=www.customersbank.com&index=1&md5=a02851cce4e122df3623b4f68b0960fb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005437r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005437/en/](https://www.businesswire.com/news/home/20220128005437/en/) David Patti, Communications Director 610-451-9452 Source: Customers Bancorp, Inc.
Date: 2022-01-28
Title: Patria Announces Fourth Quarter & Full Year 2021 Investor Call
Article: GRAND CAYMAN, Cayman Islands, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the fourth quarter and full year 2021 on Tuesday, February 15, 2022, and host a conference call via public webcast at 9:00 a.m. ET. To register, please use the following link: [https://edge.media-server.com/mmc/p/3p5zkkz4](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZpZdxcKgxBGEl27tHbhD_MECR8gC8f0sFlQCkRQRkjbXJ6ErplYDJzLmBNct-yGXYuzQLfySasksc6cJ6e9JquYvlUdQ575-OWwl-6eb1F7PqNT4Oafu3x8sjQCxdRt7vQ==) For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at [https://ir.patria.com/](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZi-z7qb0Db9HC_4f__OznIJjtCdZMjOCj5FXLmJbs5FUdtEj0sZTKFznfd1FvRJoFatJg9a0R37VA67NV6BPpZI=). Patria distributes its earnings releases via its website and email lists. Those interested in firm updates can sign up to receive Patria press releases via email at [https://ir.patria.com/ir-resources/email-alerts](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZi-z7qb0Db9HC_4f__OznIJCfoDE6Wb0EgXnFsg1lSJf-o2zOXe8_-Kaeo8HmM1C6THIfxnYK4Sf6Ad0ORex2BfJp8BvqpcyqVk544ry9bIrZDuCAMCncaae0Y_wT1aaegcauKXjCETSXzp9CUWQuMg=). About Patria Patria is a leading alternative investment firm focused in Latin America, with over 30 years of history and managing products across Private Equity, Infrastructure, Credit, Public Equities and Real Estate. As of September 30, 2021, including the combination with Moneda Asset Management which closed on December 1, 2021, the combined platform managed nearly $25 billion of assets under management, with a global presence in 11 offices across 4 continents. Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for society. Further information is available at [www.patria.com](https://www.globenewswire.com/Tracker?data=BToe58UuWNkP1ifMofcHqQFYexRKU1B9Ck0JGF7xX4bjVSao2JXuQhw9xj54Zg-rYr-JH2Pr1Gl1yFAG53JfZQ==). Contact Josh Woodt +1 917 769 1611 [[email protected]](mailto:[email protected]) Andre Medinat +1 345 640 4904 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQwMyM0Njk5Nzc0IzIyMDUwMTI=) [Image](https://ml.globenewswire.com/media/NmMyNTc1MzEtZjMyNS00ODViLWI2OGEtNjc1NjcxYmJhNGE3LTEyMTY1NjU=/tiny/Patria-Investments-Limited.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/d99dbfa7-4b2c-488a-8b25-058268afbd67) Source: Patria Investments Limited
Broader Sector Information:
Date: 2022-01-28
Title: VNET Announces US$250 Million Investment from Blackstone
Article: BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world’s largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum. Josh Chen, Founder and Executive Chairman of VNET, said, “Over the last two years, we have accelerated the growth of our data center footprint in high-demand locations across China’s tier-1 cities. Blackstone’s investment provides us with the capital to take advantage of a robust pipeline of attractive development projects that support our hyperscale and enterprise customers. We look forward to building on this partnership with Blackstone.” Jasvinder Khaira, a Senior Managing Director in the Tactical Opportunities Group of Blackstone, said, “Under the leadership of Josh and the management team, VNET has become one of the top data center operators in China with a strong operating track record. Data centers and the ongoing migration to the cloud are two of Blackstone’s highest conviction themes globally and we believe VNET plays an important role in the buildout of China’s digital new infrastructure.” The Notes are convertible into the Company’s American depositary shares (“ADSs”), each representing six Class A ordinary shares, at US$11.00 per ADS, representing a premium of 35% to the latest closing price of US$8.14 per ADS. The transaction is subject to customary closing conditions and the closing is expected to take place in early February. The Notes have been offered in offshore transactions outside the US pursuant under Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Notes, any ADSs deliverable upon conversion of the Notes and the Class A ordinary shares represented thereby have not been registered under the Securities Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. **About VNET** VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. **About Blackstone** Blackstone is the world’s largest alternative investment firm. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $881 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at [www.blackstone.com](http://www.blackstone.com/). Follow Blackstone on Twitter @Blackstone. **Safe Harbor Statement** This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. **Investor Relations Contact** Xinyuan LiuTel: +86 10 8456 2121Email: [[email protected]](https://www.globenewswire.com/Tracker?data=PTCYqqAYMK1M9c4bSxRCxgEkq_aw_4iGnbuj43hstke_3kawANxmkHOaxX1BDW1DQwzzmerg8xxFmfSu_L3HBg==) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIyMCM0Njk4OTk3IzIwMDI2NDk=) [Image](https://ml.globenewswire.com/media/YWRkM2FhMWItZjc0ZS00MWZlLTgzODYtZDVjNjU4N2Y0MmJjLTEwMTQyMjI=/tiny/VNET-Group-Inc-.png) Source: VNET Group, Inc.
Date: 2022-01-28
Title: Lowe's + Petco Store-in-store Set For Launch
Article: (RTTNews) - Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under one roof. This "one-of-a-kind specialty retail partnership" brings Petco shops to select Lowe's locations to offer customers trusted products, services and expertise for both home and pets in one, convenient stop at select Lowe's locations. "Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to create healthy, happy homes for pet parents and the pets they love," said Nick Konat, Petco's chief merchandising officer. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February. The company also plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. These Lowe's + Petco locations will offer pet parents a curated assortment of Petco's high-quality pet nutrition as well as health and wellness supplies and services, including Petco's beloved owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh, as well as a variety of popular national brands. This will add to Lowe's existing "pets welcome" atmosphere and selection of pet-friendly products such as STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies. All these products from Petco will also be available to purchase in store or on Lowes.com to be picked up curbside, in contactless pickup lockers or at the Customer Service desk at Lowe's pilot locations at no additional cost. Lowe's + Petco locations are also expected to offer a selection of Petco's pet services, including Vetco vaccination clinics, microchipping, prescription pest prevention, and mobile grooming at select times and locations. Lowe's is also looking to staff these Lowe's + Petco pilot locations with knowledgeable Petco employees during peak hours to offer pet-focused guidance alongside Lowe's associates' advice on home improvement projects. According to a recent online survey conducted by TRUE Global Intelligence on behalf of Lowe's, more than 11 million new pets entered U.S. homes since the start of the pandemic, with 67 percent of respondents having found their greatest comfort in their pets while nearly half found that comfort in their homes.
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Arcaea, The Beauty Company Pioneering Innovation Through Expressive Biology, Announces Strategic Investment and Partnership from OLAPLEX to Deliver New Technology in Haircare
Article: **Arcaea to accelerate the beauty industry's transition from industrial chemistry to a more regenerative era driven by Expressive Biology** BOSTON, Jan. 28, 2022 /PRNewswire/ -- [Arcaea](https://c212.net/c/link/?t=0&l=en&o=3427118-1&h=1319562307&u=http%3A%2F%2Fwww.arcaea.com%2F&a=Arcaea) (Ar-kay-uh) announced OLAPLEX (NASDAQ: OLPX), an innovative, science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, to target transformation in the hair care industry, made a strategic investment in the Company during the third quarter of 2021. [](https://mma.prnewswire.com/media/1670816/Arcaea_Wordmark_Black_Logo.html) Arcaea's mission is to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling. Arcaea is initiating hair and scalp care programs to expand the tools consumers have to strengthen and protect their hair and scalp across the professional, specialty retail and direct-to-consumer channels. "We are thrilled to have OLAPLEX as a strategic partner and investor as we grow Arcaea," said Jasmina Aganovic, founder and CEO of Arcaea. "Their insight and expertise in hair care, as well as a shared desire to see new advances to improve consumer health in an industry ripe for innovation, is reflective of the shared future we want to see; and makes them an ideal partner." "Innovation is a part of our OLAPLEX brand DNA and we are committed to providing cutting edge technology that will help to solve real consumer problems," said JuE Wong, OLAPLEX president and chief executive officer. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors including Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing round brings together a mix of expertise across the value chain of the industry, and will enable Arcaea to initiate multiple technical programs across key categories in beauty to develop a pipeline of ingredients and brand launches; and create a world of previously unimaginable possibilities in beauty. **About Arcaea (Ar-kay-uh)**Arcaea, LLC (Ar-kay-uh), a company launched on the Ginkgo Bioworks platform, with the mission to build a new foundation for the beauty industry through expressive biology. Arcaea sees biology as a valuable creative tool for self expression. The company will grow new ingredients and product experiences for beauty through technology such as DNA sequencing, biological engineering, fermentation and more. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and formed under the name Kalo Ingredients LLC. **About OLAPLEX** OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building", the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand's products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX's award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels. [Cision](https://c212.net/c/img/favicon.png?sn=NY45364&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html](https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html) SOURCE Arcaea
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: PAX
Security: Patria Investments Limited
Related Stocks/Topics: Unknown
Title: Patria Announces Fourth Quarter & Full Year 2021 Investor Call
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: GRAND CAYMAN, Cayman Islands, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the fourth quarter and full year 2021 on Tuesday, February 15, 2022, and host a conference call via public webcast at 9:00 a.m. ET. To register, please use the following link: [https://edge.media-server.com/mmc/p/3p5zkkz4](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZpZdxcKgxBGEl27tHbhD_MECR8gC8f0sFlQCkRQRkjbXJ6ErplYDJzLmBNct-yGXYuzQLfySasksc6cJ6e9JquYvlUdQ575-OWwl-6eb1F7PqNT4Oafu3x8sjQCxdRt7vQ==) For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at [https://ir.patria.com/](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZi-z7qb0Db9HC_4f__OznIJjtCdZMjOCj5FXLmJbs5FUdtEj0sZTKFznfd1FvRJoFatJg9a0R37VA67NV6BPpZI=). Patria distributes its earnings releases via its website and email lists. Those interested in firm updates can sign up to receive Patria press releases via email at [https://ir.patria.com/ir-resources/email-alerts](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZi-z7qb0Db9HC_4f__OznIJCfoDE6Wb0EgXnFsg1lSJf-o2zOXe8_-Kaeo8HmM1C6THIfxnYK4Sf6Ad0ORex2BfJp8BvqpcyqVk544ry9bIrZDuCAMCncaae0Y_wT1aaegcauKXjCETSXzp9CUWQuMg=). About Patria Patria is a leading alternative investment firm focused in Latin America, with over 30 years of history and managing products across Private Equity, Infrastructure, Credit, Public Equities and Real Estate. As of September 30, 2021, including the combination with Moneda Asset Management which closed on December 1, 2021, the combined platform managed nearly $25 billion of assets under management, with a global presence in 11 offices across 4 continents. Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for society. Further information is available at [www.patria.com](https://www.globenewswire.com/Tracker?data=BToe58UuWNkP1ifMofcHqQFYexRKU1B9Ck0JGF7xX4bjVSao2JXuQhw9xj54Zg-rYr-JH2Pr1Gl1yFAG53JfZQ==). Contact Josh Woodt +1 917 769 1611 [[email protected]](mailto:[email protected]) Andre Medinat +1 345 640 4904 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQwMyM0Njk5Nzc0IzIyMDUwMTI=) [Image](https://ml.globenewswire.com/media/NmMyNTc1MzEtZjMyNS00ODViLWI2OGEtNjc1NjcxYmJhNGE3LTEyMTY1NjU=/tiny/Patria-Investments-Limited.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/d99dbfa7-4b2c-488a-8b25-058268afbd67) Source: Patria Investments Limited
Stock Price 4 days before: 16.4614
Stock Price 2 days before: 16.6486
Stock Price 1 day before: 16.8614
Stock Price at release: 16.4507
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: TWI
Security: Titan International, Inc.
Related Stocks/Topics: Stocks|CAT|SEE|MRC
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 9.39177
Stock Price 2 days before: 10.2016
Stock Price 1 day before: 9.71258
Stock Price at release: 9.44
Risk-Free Rate at release: 0.0004
| 11.5198 |
Broader Economic Information:
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Novavax and Israel Announce Advance Purchase Agreement for Supply of COVID-19 Vaccine
Article: **The Novavax vaccine would be the first protein-based alternative available in Israel** GAITHERSBURG, Md., Jan. 28, 2022 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, and Israel's Ministry of Health today announced an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M™ adjuvant. "Israel has been at the forefront of the fight against COVID-19 and has demonstrated strong leadership throughout the pandemic," said Stanley C. Erck, President and Chief Executive Officer, Novavax. "We thank the Israeli Ministry of Health for their commitment to providing a protein-based COVID-19 vaccine option, based on well-understood technology, to the people of Israel." Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico, the results of which were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM); and a trial with almost 15,000 participants in the U.K. which was also published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups. The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the [European Union](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2488037643&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D4293825725%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3397167-1%2526h%253D2118831841%2526u%253Dhttps%25253A%25252F%25252Fir.novavax.com%25252F2021-12-20-European-Commission-Grants-Conditional-Marketing-Authorization-for-Novavax-COVID-19-Vaccine%2526a%253Dconditional%252Bmarketing%252Bauthorization%26a%3DEuropean%2BUnion&a=European+Union) and emergency use listing (EUL) from the [World Health Organization](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=4247948068&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D3156131270%26u%3Dhttps%253A%252F%252Fir.novavax.com%252F2021-12-20-World-Health-Organization-Grants-Second-Emergency-Use-Listing-for-Novavax-COVID-19-Vaccine%26a%3DWorld%2BHealth%2BOrganization&a=World+Health+Organization) (WHO), among others. The vaccine is also currently under review by multiple regulatory agencies worldwide. The company submitted its complete chemistry, manufacturing and controls (CMC) data package to the U.S. Food and Drug Administration (FDA) at the end of 2021 and expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with [guidance](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=681615644&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D433303435%26u%3Dhttps%253A%252F%252Fwww.fda.gov%252Fmedia%252F142749%252Fdownload%26a%3Dguidance&a=guidance) from the FDA regarding submission of all EUA vaccines. **About NVX-CoV2373**NVX-CoV2373 is a protein-based vaccine engineered from the genetic sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19 disease. NVX-CoV2373 was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Novavax' patented saponin-based Matrix-M™ adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. NVX-CoV2373 contains purified protein antigen and can neither replicate, nor can it cause COVID-19. Novavax' COVID-19 vaccine is packaged as a ready-to-use liquid formulation in a vial containing ten doses. The vaccination regimen calls for two 0.5 ml doses (5 mcg antigen and 50 mcg Matrix-M adjuvant) given intramuscularly 21 days apart. The vaccine is stored at 2°- 8° Celsius, enabling the use of existing vaccine supply and cold chain channels. Use of the vaccine should be in accordance with official recommendations. Novavax has established partnerships for the manufacture, commercialization and distribution of NVX-CoV2373 worldwide. Existing authorizations leverage Novavax' manufacturing partnership with Serum Institute of India (SII), the world's largest vaccine manufacturer by volume. They will later be supplemented with data from additional manufacturing sites throughout Novavax' global supply chain. **About the NVX-CoV2373 Phase 3 trials** NVX-CoV2373 is being evaluated in two pivotal Phase 3 trials. PREVENT-19, a trial in the U.S. and Mexico that enrolled almost 30,000 participants, achieved 90.4% efficacy overall. It was designed as a 2:1 randomized, placebo-controlled, observer-blinded study to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373. The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second dose in serologically negative (to SARS-CoV-2) adult participants at baseline. The statistical success criterion included a lower bound of 95% CI >30%. The key secondary endpoint is the prevention of PCR-confirmed, symptomatic moderate or severe COVID-19. Both endpoints were assessed at least seven days after the second study vaccination in volunteers who had not been previously infected with SARS-CoV-2. It was generally well-tolerated and elicited a robust antibody response after the second dose in both studies. Full results of the trial were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM). A trial conducted in the U.K. with 14,039 participants was designed as a randomized, placebo-controlled, observer-blinded study and achieved overall efficacy of 89.7%. The primary endpoint was based on the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second study vaccination in serologically negative (to SARS-CoV-2) adult participants at baseline. Full results of the trial were published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). **About Matrix-M™ Adjuvant** Novavax' patented saponin-based Matrix-M™ adjuvant has demonstrated a potent and generally well-tolerated effect by stimulating the entry of antigen-presenting cells into the injection site and enhancing antigen presentation in local lymph nodes, boosting immune response. **About Novavax** Novavax, Inc. (Nasdaq: NVAX) is a biotechnology company that promotes improved health globally through the discovery, development and commercialization of innovative vaccines to prevent serious infectious diseases. The company's proprietary recombinant technology platform harnesses the power and speed of genetic engineering to efficiently produce highly immunogenic nanoparticles designed to address urgent global health needs. NVX-CoV2373, the company's COVID-19 vaccine, has received authorization from multiple regulatory authorities globally, including Conditional Marketing Authorization from the European Commission and Emergency Use Listing from the World Health Organization. The vaccine is also under review by multiple regulatory agencies worldwide. For more information, visit [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com) and connect with us [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1749870132&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnovavax%2F&a=LinkedIn). **Forward-Looking Statements** Statements herein relating to the future of Novavax, its operating plans and prospects, its partnerships, the ongoing development of NVX-CoV2373, the scope, timing and outcome of future regulatory filings and actions, including Novavax' plans to submit an EUA application to the U.S. FDA after one month, the potential impact of Novavax and NVX-CoV2373 in addressing vaccine access, controlling the pandemic and protecting populations, the efficacy, safety and intended utilization of NVX-CoV2373, and the expected delivery of NVX-CoV2373 are forward-looking statements. Novavax cautions that these forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include challenges satisfying, alone or together with partners, various safety, efficacy, and product characterization requirements, including those related to process qualification and assay validation, necessary to satisfy applicable regulatory authorities; difficulty obtaining scarce raw materials and supplies; resource constraints, including human capital and manufacturing capacity, on the ability of Novavax to pursue planned regulatory pathways; challenges meeting contractual requirements under agreements with multiple commercial, governmental, and other entities; and those other risk factors identified in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Novavax' Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission (SEC). We caution investors not to place considerable reliance on forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at [www.sec.gov](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1242319065&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov) and [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com), for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of the statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. **Contacts:** InvestorsNovavax, Inc.Erika Schultz | 240-268-2022 [[email protected]](mailto:[email protected]) Solebury TroutAlexandra Roy | 617-221-9197 [[email protected]](mailto:[email protected]) MediaAli Chartan | 240-720-7804Laura Keenan Lindsey | 202-709-7521 [[email protected]](mailto:[email protected]) [](https://mma.prnewswire.com/media/1506866/Novavax_High_Res_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=PH43882&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html](https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html) SOURCE Novavax, Inc.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Broader Industry Information:
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Bloomin’ Brands, Inc. to Host Fourth Quarter and Fiscal Year 2021 Earnings Conference Call at 8:15 AM EST on February 18, 2022
Article: TAMPA, Fla.--(BUSINESS WIRE)-- Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter and full year 2021 ended December 26, 2021, on Friday, February 18, 2022, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:15 AM EST the same day.The call will be webcast live from the Company’s website at [http://www.bloominbrands.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bloominbrands.com&esheet=52565658&newsitemid=20220128005001&lan=en-US&anchor=http%3A%2F%2Fwww.bloominbrands.com&index=1&md5=6118fe67289f84cfad2d823a5bd69630) under the Investors section. A replay of this webcast will be available on the Company’s website after the call. **About Bloomin’ Brands, Inc. **Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspired brands: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar. The Company operates more than 1,450 restaurants in 47 states, Guam and 17 countries, some of which are franchise locations. For more information, please visit [www.bloominbrands.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bloominbrands.com&esheet=52565658&newsitemid=20220128005001&lan=en-US&anchor=www.bloominbrands.com&index=2&md5=b6a5566e88232c9de914181fbe207ab5).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005001r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005001/en/](https://www.businesswire.com/news/home/20220128005001/en/) Bloomin’ Brands, Inc. Mark Graff SVP, Financial Planning and Investor Relations (813) 830-5311 [[email protected]](mailto:[email protected]) Source: Bloomin’ Brands, Inc.
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: EB
Security: Eventbrite, Inc.
Related Stocks/Topics: Stocks
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 13.8288
Stock Price 2 days before: 14.2423
Stock Price 1 day before: 13.713
Stock Price at release: 12.9152
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: GES
Security: Guess', Inc.
Related Stocks/Topics: Stocks|BYD|CROX|RICK
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Stock Price 4 days before: 20.554
Stock Price 2 days before: 22.1602
Stock Price 1 day before: 21.5884
Stock Price at release: 21.0258
Risk-Free Rate at release: 0.0004
| 22.59 |
Broader Economic Information:
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Weave Surpasses $1B in Payments Processed
Article: Text-to-pay, wireless terminals and card on file features make collecting customer payments easier for small businesses LEHI, Utah--(BUSINESS WIRE)-- Weave (NYSE: WEAVE), the all-in-one customer communication platform for small business, today announced the company has surpassed $1 billion in payments processed through Weave Payments. With recent enhancements to its payments offerings, this milestone is significant as Weave continues on its mission of becoming an essential software for small businesses.Weave Payments is the full payment processing solution that offers multiple contactless payment options, including in-office payments, mobile card payments, manual card entry, and Text To Pay, an innovative feature that allows customers to pay instantly from a mobile device. With Weave’s easy-to-use Payments dashboard, customers can quickly see which bills are outstanding, which have been paid, which have been refunded, and which need to be recorded.“Communication serves as the foundation of everything a small business does,” said Roy Banks, Chief Executive Officer of Weave. “It’s our job to help our customers deliver seamless and convenient interactions with their customers, everything from the first interaction through payments. We’ve received an overwhelmingly positive response from our customers about our ability to integrate payment processing within existing communications channels. This milestone signifies the importance of effective communication in managing customer interactions and we are focused on growing payments across our customer base.”Weave has been growing its payments offering since it launched in 2020, most recently adding wireless terminals and the ability to store customers’ preferred payment methods in the last quarter of 2021.“My favorite feature of Weave, hands down, is Text To Pay,” said Weave customer Valarie Caulfield, Office Manager at Sodorff & Wilson Family Dentistry. “80% of our patients are paying within 24 hours.”To learn more about Weave’s unified customer communications and engagement platform, visit [getweave.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.getweave.com%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=getweave.com&index=1&md5=5f26d605086aabbf381c5aa60afb0e4c). **About Weave** Weave is the all-in-one customer communications and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and was certified as a Great Place to Work. To learn more, visit [www.getweave.com/newsroom/](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.getweave.com%2Fnewsroom%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=www.getweave.com%2Fnewsroom%2F&index=2&md5=3094f9fec192fc8647d370d50f699123)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005079r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005079/en/](https://www.businesswire.com/news/home/20220128005079/en/) Kali Geldis Director of Communications, Weave [[email protected]](mailto:[email protected]) Source: Weave
Date: 2022-01-28
Title: Zacks.com featured highlights include: Veoneer, PattersonUTI Energy and Select Energy Services
Article: **For Immediate Release** Chicago, IL – January 28, 2022 – Stocks in this week’s article are Veoneer [VNE](https://www.nasdaq.com/market-activity/stocks/vne), PattersonUTI Energy [PTEN](https://www.nasdaq.com/market-activity/stocks/pten) and Select Energy Services [WTTR](https://www.nasdaq.com/market-activity/stocks/wttr). **3 Best Stocks to Buy for Solid Earnings Acceleration** If the rate of a company’s quarter-over-quarter earnings growth increases within a stipulated frame of time, it can be called earnings acceleration. In other words, earnings acceleration is the incremental growth in a company’s earnings per share (EPS). We all know that constant earnings growth captivates almost everyone, from top brass to research analysts. This is because earnings are a measure of the money a company is making. Still, earnings acceleration works even better when it comes to lifting the stock price. Studies have shown that most successful stocks had seen an acceleration in earnings before an uptick in the stock price.In case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven’t caught the attention of investors yet, which once secured will invariably lead to a rally in the share price. This is because earnings acceleration considers both direction and magnitude of growth rates.An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may at times drag prices down. **For the rest of this Screen of the Week article please visit Zacks.com at:** [https://www.zacks.com/stock/news/1858015/3-best-stocks-to-buy-for-solid-earnings-acceleration](https://www.zacks.com/stock/news/1858015/3-best-stocks-to-buy-for-solid-earnings-acceleration) Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. **About Screen of the Week** Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. **Strong Stocks that Should Be in the News** Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. [See these high-potential stocks free >>.](https://www.zacks.com/stocks/buy-list?adid=ZCOM_ZP_PRESSRELEASE_BUYS&icid=EOAC-PressRelease-tx-ZP) Follow us on Twitter: [https://www.twitter.com/zacksresearch](https://www.twitter.com/zacksresearch) Join us on Facebook: [https://www.facebook.com/ZacksInvestmentResearch](https://www.facebook.com/ZacksInvestmentResearch) Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: [[email protected]](mailto:[email protected]) Visit: [https://www.zacks.com/](https://www.zacks.com/) Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. [www.zacks.com/disclaimer](https://www.zacks.com/disclaimer/).Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit [https://www.zacks.com/performance](https://www.zacks.com/performance) for information about the performance numbers displayed in this press release. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_PRESSRELEASES_01282022&cid=CS-NASDAQ-FT-press_releases-1859204) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [PattersonUTI Energy, Inc. (PTEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=PTEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [Select Energy Services (WTTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WTTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [Veoneer, Inc. (VNE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VNE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_PRESSRELEASES&cid=CS-NASDAQ-FT-press_releases-1859204) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859204/zacks-com-featured-highlights-include-veoneer-pattersonuti-energy-and-select-energy-services?cid=CS-NASDAQ-FT-press_releases-1859204) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Date: 2022-01-28
Title: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline
Article: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Date: 2022-01-28
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: BHLB
Security: Berkshire Hills Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Stock Price 4 days before: 29.3734
Stock Price 2 days before: 29.9554
Stock Price 1 day before: 29.826
Stock Price at release: 28.9482
Risk-Free Rate at release: 0.0004
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: Markets|PFE|MRNA|BNTX
Title: Why Novavax Stock Surged 14% on Friday
Type: News
Publication: The Motley Fool
Publication Author: Eric Volkman
Date: 2022-01-28
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 79.2871
Stock Price 2 days before: 81.0986
Stock Price 1 day before: 81.7156
Stock Price at release: 73.3745
Risk-Free Rate at release: 0.0004
Symbol: ALGT
Security: Allegiant Travel Company
Related Stocks/Topics: Markets|UBER
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Stock Price 4 days before: 175.638
Stock Price 2 days before: 179.806
Stock Price 1 day before: 175.746
Stock Price at release: 172.408
Risk-Free Rate at release: 0.0004
Symbol: SYBT
Security: Stock Yards Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Stock Price 4 days before: 60.8891
Stock Price 2 days before: 63.719
Stock Price 1 day before: 61.3696
Stock Price at release: 59.3997
Risk-Free Rate at release: 0.0004
Symbol: HAIN
Security: The Hain Celestial Group, Inc.
Related Stocks/Topics: Stocks
Title: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)
Stock Price 4 days before: 36.23
Stock Price 2 days before: 36.3789
Stock Price 1 day before: 36.4804
Stock Price at release: 35.3492
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: RICK
Security: RCI Hospitality Holdings, Inc.
Related Stocks/Topics: Stocks|GES|BYD|CROX
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Stock Price 4 days before: 69.1743
Stock Price 2 days before: 71.4924
Stock Price 1 day before: 68.5673
Stock Price at release: 65.996
Risk-Free Rate at release: 0.0004
| 65.7758 |
Broader Economic Information:
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Daqo New Energy (DQ) Stock Sinks As Market Gains: What You Should Know
Article: Daqo New Energy (DQ) closed at $35.87 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the solar panel parts maker had lost 11.9% over the past month. This has lagged the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. The company is expected to report EPS of $3.58, up 272.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $765.4 million, up 208.97% from the year-ago period.Investors should also note any recent changes to analyst estimates for Daqo New Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Daqo New Energy is currently a Zacks Rank #3 (Hold).In terms of valuation, Daqo New Energy is currently trading at a Forward P/E ratio of 2.59. Its industry sports an average Forward P/E of 16.26, so we one might conclude that Daqo New Energy is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [DAQO New Energy Corp. (DQ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DQ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859384/daqo-new-energy-dq-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384)
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Broader Industry Information:
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Broader Sector Information:
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: AHCO
Security: AdaptHealth Corp.
Related Stocks/Topics: Stocks|OMI
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Stock Price 4 days before: 17.8434
Stock Price 2 days before: 18.3155
Stock Price 1 day before: 17.9886
Stock Price at release: 17.2458
Risk-Free Rate at release: 0.0004
| 16.2433 |
Broader Economic Information:
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. 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Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Date: 2022-01-28
Title: Daqo New Energy (DQ) Stock Sinks As Market Gains: What You Should Know
Article: Daqo New Energy (DQ) closed at $35.87 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the solar panel parts maker had lost 11.9% over the past month. This has lagged the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. The company is expected to report EPS of $3.58, up 272.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $765.4 million, up 208.97% from the year-ago period.Investors should also note any recent changes to analyst estimates for Daqo New Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Daqo New Energy is currently a Zacks Rank #3 (Hold).In terms of valuation, Daqo New Energy is currently trading at a Forward P/E ratio of 2.59. Its industry sports an average Forward P/E of 16.26, so we one might conclude that Daqo New Energy is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [DAQO New Energy Corp. (DQ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DQ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859384/daqo-new-energy-dq-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384)
Broader Industry Information:
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Broader Sector Information:
Date: 2022-01-28
Title: Arcaea, The Beauty Company Pioneering Innovation Through Expressive Biology, Announces Strategic Investment and Partnership from OLAPLEX to Deliver New Technology in Haircare
Article: **Arcaea to accelerate the beauty industry's transition from industrial chemistry to a more regenerative era driven by Expressive Biology** BOSTON, Jan. 28, 2022 /PRNewswire/ -- [Arcaea](https://c212.net/c/link/?t=0&l=en&o=3427118-1&h=1319562307&u=http%3A%2F%2Fwww.arcaea.com%2F&a=Arcaea) (Ar-kay-uh) announced OLAPLEX (NASDAQ: OLPX), an innovative, science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, to target transformation in the hair care industry, made a strategic investment in the Company during the third quarter of 2021. [](https://mma.prnewswire.com/media/1670816/Arcaea_Wordmark_Black_Logo.html) Arcaea's mission is to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling. Arcaea is initiating hair and scalp care programs to expand the tools consumers have to strengthen and protect their hair and scalp across the professional, specialty retail and direct-to-consumer channels. "We are thrilled to have OLAPLEX as a strategic partner and investor as we grow Arcaea," said Jasmina Aganovic, founder and CEO of Arcaea. "Their insight and expertise in hair care, as well as a shared desire to see new advances to improve consumer health in an industry ripe for innovation, is reflective of the shared future we want to see; and makes them an ideal partner." "Innovation is a part of our OLAPLEX brand DNA and we are committed to providing cutting edge technology that will help to solve real consumer problems," said JuE Wong, OLAPLEX president and chief executive officer. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors including Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing round brings together a mix of expertise across the value chain of the industry, and will enable Arcaea to initiate multiple technical programs across key categories in beauty to develop a pipeline of ingredients and brand launches; and create a world of previously unimaginable possibilities in beauty. **About Arcaea (Ar-kay-uh)**Arcaea, LLC (Ar-kay-uh), a company launched on the Ginkgo Bioworks platform, with the mission to build a new foundation for the beauty industry through expressive biology. Arcaea sees biology as a valuable creative tool for self expression. The company will grow new ingredients and product experiences for beauty through technology such as DNA sequencing, biological engineering, fermentation and more. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and formed under the name Kalo Ingredients LLC. **About OLAPLEX** OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building", the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand's products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX's award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels. [Cision](https://c212.net/c/img/favicon.png?sn=NY45364&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html](https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html) SOURCE Arcaea
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: AMERICAN SAVINGS BANK REPORTS FOURTH QUARTER AND FULL YEAR 2021 FINANCIAL RESULTS
Article: **Full Year 2021 Performance Highlights** **- Net income up 76% versus 2020** **- Improved credit quality drove $25.8 million negative provision for credit losses** **- Strong deposit and earning asset growth, up 10.6% and 11.4%, respectively** **- Net interest margin of 2.91%, with record low funding costs** **- Continued strong capital and liquidity position** HONOLULU, Jan. 28, 2022 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. **(NYSE: HE)**, today reported 2021 net income of $101.2 million, compared to $57.6 million1 in 2020. "We're pleased with our 2021 results, which reflect strong performance by our teammates, solid credit quality, an improving Hawaii economy and robust earning asset growth. We made major strides in our digital transformation and remain focused on making banking easy anytime and anywhere for our customers," said Ann Teranishi, president and chief executive officer of American Savings Bank. "Our strong performance was matched with our continued commitment to support our community's recovery. We're particularly proud of our ASB teammates' efforts to build on the momentum from 2020 and once again lead the Hawaii Restaurant Card - Business Holiday Card program in the fourth quarter. The statewide campaign resulted in the sale of 14,000 prepaid cards, totaling over $750,000, in direct support for our restaurant and food supply industries," said Teranishi. Net income for the fourth quarter of 2021 was $22.1 million, compared to $19.3 million in the third quarter of 2021 and $15.7 million in the fourth quarter of 2020. **Financial Highlights** Net interest income was $237.2 million in 2021 compared to $233.5 million in 2020. The increase in net interest income for the year was primarily due to higher average earning assets driven by increased liquidity from continued strong deposit growth, lower cost of funds and higher fee income associated with the Paycheck Protection Program (PPP) loan portfolio. Fourth quarter 2021 net interest income was $59.1 million compared to $60.3 million in the linked quarter and $58.5 million in the fourth quarter of 2020. The lower net interest income compared to the linked quarter was primarily due to lower earning asset yields and lower fee income associated with the PPP loan portfolio. Net interest margin was 2.91% in 2021, compared to 3.29% in 2020. Net interest margin for the fourth quarter of 2021 was 2.79% compared to 2.90% in the linked quarter and 3.12% in the fourth quarter of 2020. The results for 2021 included a negative provision for credit losses of $25.8 million compared to a provision for credit losses of $50.8 million in 2020. The negative provision for credit losses reflects favorable credit trends with continued improvement in the economic environment, and a slight shift in loan portfolio composition with growth in the real estate secured portfolio. The results for the fourth quarter of 2021 included a negative provision for credit losses of $3.5 million compared to a negative provision for credit losses of $1.7 million in the linked quarter and a provision for credit losses of $11.3 million in the fourth quarter of 2020. As of December 31, 2021, American's allowance for credit losses to outstanding loans was 1.36% compared to 1.48% as of September 30, 2021 and 1.90% as of December 31, 2020. The 2021 net charge-off ratio was 0.07% compared to 0.40% in 2020. The net charge-off ratio for each of the fourth and third quarters of 2021 was 0.03%, compared to 0.36% in the fourth quarter of 2020. Nonaccrual loans as a percent of total loans receivable held for investment were 0.86% in the fourth quarter of 2021, compared to 0.97% in the linked quarter and 0.89% in the prior year quarter. Noninterest income for 2021 was $64.7 million compared to $78.1 million in 2020.2 The decrease in noninterest income was primarily due to lower mortgage banking income in 2021 and higher gains on sales of securities in 2020. Noninterest income was $15.7 million in the fourth quarter of 2021, compared to $14.8 million in the linked quarter and $20.2 million in the fourth quarter of 2020. The decrease in noninterest income from the prior year quarter was primarily due to lower mortgage banking income and lower bank-owned life insurance income. Noninterest expense for 2021 was $197.2 million compared to $191.6 million in 2020. The increase in noninterest expense was primarily due to higher incentive compensation costs reflecting the bank's strong 2021 performance and higher data processing expense as the bank upgrades its technology and data capabilities to expand customer relationships, partially offset by lower COVID-19 related expenses. Fourth quarter of 2021 noninterest expense was $50.0 million, compared to $51.5 million in the linked quarter and $49.4 million in the fourth quarter of 2020. Total earning assets as of December 31, 2021 were $8.5 billion, up 11.4% from December 31, 2020. Total loans were $5.2 billion as of December 31, 2021, down 2.3% from December 31, 2020. The reduction in the loan portfolio during the year included a $231 million net reduction in PPP loans, as well as declines in the home equity line of credit and consumer portfolios. The decrease in these portfolios was partially offset by growth in the residential, commercial and commercial real estate loan portfolios. Excluding PPP loan forgiveness, the loan portfolio grew by $107 million or 2.1% compared to December 31, 2020. The investment securities portfolio was $3.1 billion as of December 31, 2021, up 40.9% from December 31, 2020 as growth in deposits continued to outpace loan growth. The portfolio is primarily composed of securities issued or guaranteed by U.S. government agencies or U.S. government sponsored agencies. Total deposits were $8.2 billion as of December 31, 2021, an increase of 10.6% from December 31, 2020. The average cost of funds was 0.06% for the full year 2021, ten basis points lower than the prior year. For the fourth quarter of 2021, the average cost of funds was 0.05%, down one basis point versus the linked quarter and down four basis points versus the prior year quarter. American's return on average equity for the full year 2021 was 13.8% compared to 8.1% in 2020. Return on average assets for the full year was 1.15% in 2021 compared to 0.74% in 2020. For the fourth quarter of 2021, return on average equity was 12.1%, compared to 10.3% in the linked quarter and 8.6% in the fourth quarter of 2020. Return on average assets was 0.97% for the fourth quarter of 2021, compared to 0.86% in the linked quarter and 0.77% in the same quarter last year. In the fourth quarter of 2021, American paid dividends of $19.0 million to HEI. American had a Tier 1 leverage ratio of 7.9% as of December 31, 2021. **HEI EARNINGS RELEASE, HEI WEBCAST AND CONFERENCE CALL TO DISCUSS EARNINGS AND 2022 GUIDANCE** Concurrent with American's regulatory filing 30 days after the end of the quarter, American announced its fourth quarter and full year 2021 financial results today. Please note that these reported results relate only to American and are not necessarily indicative of HEI's consolidated financial results for the fourth quarter and full year 2021. HEI plans to announce its fourth quarter and full year 2021 consolidated financial results on Monday, February 14, 2022 and will also conduct a webcast and conference call at 11:15 a.m. Hawaii time (4:15 p.m. Eastern time) that same day to discuss its consolidated earnings, including American's earnings, and 2022 guidance. To listen to the conference call, dial 1-844-200-6205 (U.S.) or 1-929-526-1599 (international) and enter passcode 718780. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI's website at [www.hei.com](https://c212.net/c/link/?t=0&l=en&o=3426969-1&h=3790371727&u=http%3A%2F%2Fwww.hei.com%2F&a=www.hei.com) under "Investor Relations," sub-heading "News and Events — Events and Presentations." A replay will be available online and via phone. The online replay will be available on HEI's website about two hours after the event. An audio replay will also be available about two hours after the event through February 28, 2022. To access the audio replay, dial 1-866-813-9403 (U.S.) or 44-204-525-0658 (international) and enter passcode 312244. HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use HEI's website, [www.hei.com](https://c212.net/c/link/?t=0&l=en&o=3426969-1&h=3790371727&u=http%3A%2F%2Fwww.hei.com%2F&a=www.hei.com), as a means of disclosing additional information; such disclosures will be included in the Investor Relations section of the website. Accordingly, investors should routinely monitor the Investor Relations section of HEI's website, in addition to following HEI's, Hawaiian Electric's and American's press releases, HEI's and Hawaiian Electric's Securities and Exchange Commission (SEC) filings and HEI's public conference calls and webcasts. Investors may sign up to receive e-mail alerts via the "Investor Relations" section of the website. The information on HEI's website is not incorporated by reference into this document or into HEI's and Hawaiian Electric's SEC filings unless, and except to the extent, specifically incorporated by reference. Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at [dms.puc.hawaii.gov/dms](https://c212.net/c/link/?t=0&l=en&o=3426969-1&h=2605261763&u=https%3A%2F%2Fdms.puc.hawaii.gov%2Fdms&a=dms.puc.hawaii.gov%2Fdms) to review documents filed with, and issued by, the PUC. No information on the PUC website is incorporated by reference into this document or into HEI's and Hawaiian Electric's SEC filings. The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaii. HEI's electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaii's population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaii's largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI also helps advance Hawaii's sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit [www.hei.com](https://c212.net/c/link/?t=0&l=en&o=3426969-1&h=3790371727&u=http%3A%2F%2Fwww.hei.com%2F&a=www.hei.com). **FORWARD-LOOKING STATEMENTS** This release may contain "forward-looking statements," which include statements that are predictive in nature, depend upon or refer to future events or conditions, and usually include words such as "will," "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates" or similar expressions. In addition, any statements concerning future financial performance, ongoing business strategies or prospects or possible future actions are also forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and are subject to risks, uncertainties and the accuracy of assumptions concerning HEI and its subsidiaries, the performance of the industries in which they do business and economic, political and market factors, among other things. These forward-looking statements are not guarantees of future performance. Forward-looking statements in this release should be read in conjunction with the "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" discussions (which are incorporated by reference herein) set forth in HEI's Annual Report on Form 10-K for the year ended December 31, 2020 and HEI's other periodic reports that discuss important factors that could cause HEI's results to differ materially from those anticipated in such statements. These forward-looking statements speak only as of the date of the report, presentation or filing in which they are made. Except to the extent required by the federal securities laws, HEI, Hawaiian Electric, American and their subsidiaries undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. \begin{table}{|c|c|} \hline 1 & Results for 2020 included impact of after-tax gain of $5.2 million related to the sale of Visa Class B shares in the second quarter of 2020, as well as $5.1 million of certain direct and incremental COVID-19 related costs. \\ \hline 2 & See footnote 1 above. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline American Savings Bank, F.S.B. \\ \hline STATEMENTS OF INCOME DATA \\ \hline (Unaudited) \\ \hline \\ \hline & & Three months ended & & Years ended December 31 \\ \hline (in thousands) & & December 31, 2021 & & September 30,2021 & & December 31, 2020 & & 2021 & & 2020 \\ \hline Interest and dividend income & & & & & & & & & & \\ \hline Interest and fees on loans & & $ 48,384 & & $ 49,445 & & $ 52,629 & & $ 198,802 & & $ 214,134 \\ \hline Interest and dividends on investment securities & & 11,755 & & 11,996 & & 7,590 & & 43,464 & & 30,529 \\ \hline Total interest and dividend income & & 60,139 & & 61,441 & & 60,219 & & 242,266 & & 244,663 \\ \hline Interest expense & & & & & & & & & & \\ \hline Interest on deposit liabilities & & 1,062 & & 1,176 & & 1,709 & & 4,981 & & 10,654 \\ \hline Interest on other borrowings & & 4 & & 5 & & 11 & & 59 & & 460 \\ \hline Total interest expense & & 1,066 & & 1,181 & & 1,720 & & 5,040 & & 11,114 \\ \hline Net interest income & & 59,073 & & 60,260 & & 58,499 & & 237,226 & & 233,549 \\ \hline Provision for credit losses & & (3,458) & & (1,725) & & 11,307 & & (25,825) & & 50,811 \\ \hline Net interest income after provision for credit losses & & 62,531 & & 61,985 & & 47,192 & & 263,051 & & 182,738 \\ \hline Noninterest income & & & & & & & & & & \\ \hline Fees from other financial services & & 5,888 & & 4,800 & & 4,541 & & 21,225 & & 16,447 \\ \hline Fee income on deposit liabilities & & 4,634 & & 4,262 & & 4,217 & & 16,663 & & 16,059 \\ \hline Fee income on other financial products & & 2,003 & & 2,124 & & 1,773 & & 8,770 & & 6,381 \\ \hline Bank-owned life insurance & & 1,107 & & 2,026 & & 2,051 & & 7,318 & & 6,483 \\ \hline Mortgage banking income & & 1,808 & & 1,272 & & 7,801 & & 9,305 & & 23,734 \\ \hline Gain on sale of investment securities, net & & — & & — & & — & & 528 & & 9,275 \\ \hline Other income, net & & 220 & & 283 & & (187) & & 851 & & (256) \\ \hline Total noninterest income & & 15,660 & & 14,767 & & 20,196 & & 64,660 & & 78,123 \\ \hline Noninterest expense & & & & & & & & & & \\ \hline Compensation and employee benefits & & 27,375 & & 30,888 & & 27,156 & & 113,970 & & 104,443 \\ \hline Occupancy & & 5,358 & & 5,157 & & 5,171 & & 20,584 & & 21,573 \\ \hline Data processing & & 4,472 & & 4,278 & & 3,717 & & 17,634 & & 14,769 \\ \hline Services & & 2,718 & & 2,272 & & 3,214 & & 10,327 & & 11,121 \\ \hline Equipment & & 2,521 & & 2,373 & & 2,371 & & 9,510 & & 9,001 \\ \hline Office supplies, printing and postage & & 1,145 & & 1,072 & & 1,046 & & 4,239 & & 4,623 \\ \hline Marketing & & 1,562 & & 995 & & 1,527 & & 3,870 & & 3,435 \\ \hline FDIC insurance & & 823 & & 808 & & 775 & & 3,235 & & 2,342 \\ \hline Other expense1 & & 3,993 & & 3,668 & & 4,470 & & 13,783 & & 20,283 \\ \hline Total noninterest expense & & 49,967 & & 51,511 & & 49,447 & & 197,152 & & 191,590 \\ \hline Income before income taxes & & 28,224 & & 25,241 & & 17,941 & & 130,559 & & 69,271 \\ \hline Income taxes & & 6,095 & & 5,976 & & 2,283 & & 29,325 & & 11,688 \\ \hline Net income & & $ 22,129 & & $ 19,265 & & $ 15,658 & & $ 101,234 & & $ 57,583 \\ \hline Comprehensive income (loss) & & $ 9,840 & & $ 7,581 & & $ 18,306 & & $ 48,506 & & $ 81,191 \\ \hline OTHER BANK INFORMATION (annualized %, except as of period end) & & & & & & & & \\ \hline Return on average assets & & 0.97 & & 0.86 & & 0.77 & & 1.15 & & 0.74 \\ \hline Return on average equity & & 12.10 & & 10.26 & & 8.58 & & 13.76 & & 8.11 \\ \hline Return on average tangible common equity & & 13.63 & & 11.52 & & 9.67 & & 15.49 & & 9.17 \\ \hline Net interest margin & & 2.79 & & 2.90 & & 3.12 & & 2.91 & & 3.29 \\ \hline Efficiency ratio & & 66.86 & & 68.66 & & 62.83 & & 65.31 & & 61.47 \\ \hline Net charge-offs to average loans outstanding & & 0.03 & & 0.03 & & 0.36 & & 0.07 & & 0.40 \\ \hline As of period end & & & & & & & & & & \\ \hline Nonaccrual loans to loans receivable held for investment & & 0.86 & & 0.97 & & 0.89 & & & & \\ \hline Allowance for credit losses to loans outstanding & & 1.36 & & 1.48 & & 1.90 & & & & \\ \hline Tangible common equity to tangible assets & & 7.1 & & 7.3 & & 7.9 & & & & \\ \hline Tier-1 leverage ratio & & 7.9 & & 8.0 & & 8.4 & & & & \\ \hline Dividend paid to HEI (via ASB Hawaii, Inc.) ($ in millions) & & $ 19.0 & & $ 12.0 & & $ 3.0 & & $ 59.0 & & $ 31.0 \\ \hline \end{table} \begin{table}{|c|c|} \hline & \\ \hline 1 & The fourth quarter of 2021, the third quarter of 2021 and year ended December 31, 2021 include approximately $0.1 million, $0.1 million and $0.6 million, respectively, of certain direct and incremental COVID-19 related costs. The fourth quarter of 2020 and year ended December 31, 2020 include approximately $0.6 million and $5.1 million, respectively, of certain significant direct and incremental COVID-19 related costs. For 2020, these costs, which have been recorded in Other expense, include $2.5 million of compensation expense and $2.0 million of enhanced cleaning and sanitation costs. \\ \hline & \\ \hline & This information should be read in conjunction with the consolidated financial statements and the notes thereto in HEI filings with the SEC. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline American Savings Bank, F.S.B. \\ \hline BALANCE SHEETS DATA \\ \hline (Unaudited) \\ \hline & & & & \\ \hline (in thousands) & & December 31, 2021 & & December 31, 2020 \\ \hline Assets & & & & \\ \hline Cash and due from banks & & $ 100,051 & & $ 178,422 \\ \hline Interest-bearing deposits & & 151,189 & & 114,304 \\ \hline Cash and cash equivalents & & 251,240 & & 292,726 \\ \hline Investment securities & & & & \\ \hline Available-for-sale, at fair value & & 2,574,618 & & 1,970,417 \\ \hline Held-to-maturity, at amortized cost & & 522,270 & & 226,947 \\ \hline Stock in Federal Home Loan Bank, at cost & & 10,000 & & 8,680 \\ \hline Loans held for investment & & 5,211,114 & & 5,333,843 \\ \hline Allowance for credit losses & & (71,130) & & (101,201) \\ \hline Net loans & & 5,139,984 & & 5,232,642 \\ \hline Loans held for sale, at lower of cost or fair value & & 10,404 & & 28,275 \\ \hline Other & & 590,897 & & 554,656 \\ \hline Goodwill & & 82,190 & & 82,190 \\ \hline Total assets & & $ 9,181,603 & & $ 8,396,533 \\ \hline Liabilities and shareholder's equity & & & & \\ \hline Deposit liabilities–noninterest-bearing & & $ 2,976,632 & & $ 2,598,500 \\ \hline Deposit liabilities–interest-bearing & & 5,195,580 & & 4,788,457 \\ \hline Other borrowings & & 88,305 & & 89,670 \\ \hline Other & & 193,268 & & 183,731 \\ \hline Total liabilities & & 8,453,785 & & 7,660,358 \\ \hline Common stock & & 1 & & 1 \\ \hline Additional paid-in capital & & 353,895 & & 351,758 \\ \hline Retained earnings & & 411,704 & & 369,470 \\ \hline Accumulated other comprehensive income (loss), net of taxes & & & & \\ \hline Net unrealized gains (losses) on securities & $ (32,037) & & $ 19,986 & \\ \hline Retirement benefit plans & (5,745) & (37,782) & (5,040) & 14,946 \\ \hline Total shareholder's equity & & 727,818 & & 736,175 \\ \hline Total liabilities and shareholder's equity & & $ 9,181,603 & & $ 8,396,533 \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline This information should be read in conjunction with the consolidated financial statements and the notes thereto in HEI filings with the SEC. \\ \hline \end{table} \begin{table}{|c|c|c|} \hline Contact: & Julie R. Smolinski & Telephone: (808) 543-7300 \\ \hline & Vice President, Investor Relations & Corporate Sustainability & E-mail: [email protected] \\ \hline \end{table} [](https://mma.prnewswire.com/media/528724/American_Savings_Bank_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=LA45210&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/american-savings-bank-reports-fourth-quarter-and-full-year-2021-financial-results-301470921.html](https://www.prnewswire.com/news-releases/american-savings-bank-reports-fourth-quarter-and-full-year-2021-financial-results-301470921.html) SOURCE Hawaiian Electric Industries, Inc.
Date: 2022-01-28
Title: First Week of March 11th Options Trading For Stitch Fix
Article: Investors in Stitch Fix Inc (Symbol: SFIX) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SFIX options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $13.00 strike price has a current bid of $1.47. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $13.00, but will also collect the premium, putting the cost basis of the shares at $11.53 (before broker commissions). To an investor already interested in purchasing shares of SFIX, that could represent an attractive alternative to paying $14.16/share today. Because the $13.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 68%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SFIX&month=20220311&type=put&contract=13.00). Should the contract expire worthless, the premium would represent a 11.31% return on the cash commitment, or 98.27% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Stitch Fix Inc, and highlighting in green where the $13.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $17.50 strike price has a current bid of 87 cents. If an investor was to purchase shares of SFIX stock at the current price level of $14.16/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $17.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 29.73% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SFIX shares really soar, which is why looking at the trailing twelve month trading history for Stitch Fix Inc, as well as studying the business fundamentals becomes important. Below is a chart showing SFIX's trailing twelve month trading history, with the $17.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $17.50 strike represents an approximate 24% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 75%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SFIX&month=20220311&type=call&contract=17.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.14% boost of extra return to the investor, or 53.39% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 148%, while the implied volatility in the call contract example is 119%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $14.16) to be 78%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: UNFI
Security: United Natural Foods, Inc.
Related Stocks/Topics: Stocks|CHD|FLO|MED
Title: Church & Dwight (CHD) Q4 Earnings Top Estimates, Sales Rise
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Church & Dwight Co., Inc.** [CHD](https://www.nasdaq.com/market-activity/stocks/chd) reported solid fourth-quarter 2021 results, with the top and the bottom line increasing year over year. The company’s earnings and net sales surpassed the Zacks Consensus Estimate. **Quarter in Detail** Church & Dwight posted adjusted earnings of 64 cents per share that topped the Zacks Consensus Estimate of 58 cents and increased 20.8% from the year-ago quarter’s level. This upside was mainly backed by greater-than-anticipated revenues from the company’s consumer domestic business. Also, the reduced tax rate was an upside. This was somewhat offset by increased marketing investments for the company’s brands along with higher incentive compensation.Net sales of $1,368.7 million moved up 5.7% year over year and surpassed the Zacks Consensus Estimate of $1,348.8 million. Results were backed by solid consumption for the company’s brands. Organic sales rose 4.3%, with a favorable price and product mix of 6%. However, volumes declined 1.7%.The company saw consumption gains in 11 out of 16 domestic categories. **Church & Dwight Co., Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise)[Church & Dwight Co., Inc. price-eps-surprise](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise) | [Church & Dwight Co., Inc. Quote](https://www.nasdaq.com/market-activity/stocks/chd) The gross margin shrunk 50 basis points (bps) to 42.5% due tothe adverse impact from increased manufacturing costs, net of pricing and productivity.Marketing expenses remained unchanged year over year to $201.1 million. As a percentage of sales, the figure shrunk 90 bps to 14.7%. Adjusted SG&A expenses, as a percentage of sales, expanded 50 bps to 14.9%, thanks to acquisition costs, asset write-offs and increased compensation-related costs. **Segment Details****Consumer Domestic**: Net sales in the segment increased 5.1% to $1,041.7 million, owing to higher household and personal care sales. Organic sales improved 3.6%, driven by a higher price and product mix, somewhat negated by reduced volumes. OXICLEAN stain fighter powder, ARM & HAMMER clumping cat litter, ARM & HAMMER liquid detergent, ARM & HAMMER scent boosters and BATISTE dry shampoo aided the segment. **Consumer International**: Net sales in the segment increased 5.9% to $242 million, mainly on the back of the improvement of Global Markets Group. Organic sales were up 4.7%,with a volume rise of 4.2%. Organic sales growth was mainly driven by VITAFUSION, STERIMAR, FEMFRESH, NAIR and OXICLEAN in the Global Markets Group. **Specialty Products**: Sales in the segment advanced 12% to $85 million. Organic sales mainly increased on favorable price and volume. Dairy and non-dairy sales increased in the quarter. **Other Updates** Church & Dwight reported cash on hand of $240.6 million and total debt of $2.56 billion as of Dec 31, 2021. For 2021, cash from operating activities came in at $993.8 million. Capital expenditures amounted to $118.8 million in 2021.The company announced a 4% hike in its quarterly [dividend](https://www.zacks.com/stock/research/CHD/dividend-history) from 25.25 cents to 26.25 per share. The revised quarterly dividend will be paid on Mar 1, 2022, to shareholders of record as of Feb 15, 2022. This marks the company’s 26th consecutive year of a dividend hike. At present, management has almost 242 million shares outstanding under its buyback plan. **2022 View** Church & Dwight is on track to undertake impressive product launches in 2022. In the Health and Wellbeing category, the VITAFUSION brand rolled out 2 in 1 BI-LAYER GUMMIES and an Ashwaganda gummy line. The ZICAM brand is rolling out the first immune supplement gummies with Zinc + Vitamins C&D. In the Specialty Haircare category, the BATISTE brand is launching a Leave-in Hair Mask. The company’s personal care portfolio will be adding SPINBRUSH CLEAR AND CLEAN TM.Management expects 2022 reported sales growth in the range of 5-8% year over year, while organic sales are likely to rise 3-6%. The company expects various categories to remain at escalated consumption levels like laundry, gummy vitamins, laundry additives, hair growth supplements and cat litter in 2022.The company expects to witness additional cost inflation to the tune of $155 million when compared with 2021 level. That being said, it is on track to offset price inflation. However, management expects to face inflation at a greater rate than effective price increases in 2022.For 2022, the operating profit margin is likely to expand by 60-70 bps compared with the adjusted operating margin reported in the year-ago period. The gross margin is likely to be down from the 2021 level. Management anticipates earnings per share (EPS) between $3.14 and $3.26, up 4-8% compared with year-ago adjusted EPS. The metric is expected to be driven by operating income growth offset by a major rise inthe effective tax rate.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d8/16840.jpg?v=2106944569) Image Source: Zacks Investment Research** Q1 Outlook** For the first quarter of 2022, the company expects a 3-4% increase in reported sales and organic sales are estimated to rise 1-2%. EPS are projected to be 75 cents in the quarter, suggesting a 9.6% decline from the year-ago quarter’s adjusted figure.In the past three months, shares of this Zacks Rank #3 (Hold) company have increased 15.7% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/soap-and-cleaning-materials-174)’s growth of 7%. **Hot Consumer Staples Bets** Some better-ranked stocks are **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Flower Foods** [FLO](https://www.nasdaq.com/market-activity/stocks/flo).United Natural Foods, the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, sports a Zacks Rank #1 (Strong Buy). Shares of UNFI have declined 15.3% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for United Natural Foods’ current financial year EPS and sales suggests growth of 8.8% and 5.1%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have declined 4.5% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average.Flower Foods, the producer of packaged bakery foods in the United States, currently carries a Zacks Rank #2. Shares of FLO have gained 13% in the past three months.The Zacks Consensus Estimate for Flower Foods’ 2022 sales suggests growth of 1.9% from the year-ago reported figure. FLO has a trailing four-quarter earnings surprise of 15.4%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Church & Dwight Co., Inc. (CHD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CHD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Flowers Foods, Inc. (FLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859189/church-dwight-chd-q4-earnings-top-estimates-sales-rise?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 36.0976
Stock Price 2 days before: 37.1596
Stock Price 1 day before: 37.1199
Stock Price at release: 36.3683
Risk-Free Rate at release: 0.0004
| 39.787 |
Broader Economic Information:
Date: 2022-01-28
Title: Enterprise Financial Services' (NASDAQ:EFSC) Shareholders Will Receive A Bigger Dividend Than Last Year
Article: The board of **Enterprise Financial Services Corp** (NASDAQ:EFSC) has announced that it will be increasing its dividend on the 31st of March to US$0.21. Even though the dividend went up, the yield is still quite low at only 1.6%. **Enterprise Financial Services' Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, Enterprise Financial Services' earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.3% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.[historic-dividend](https://images.simplywall.st/asset/chart/3109911-historic-dividend-1-dark/1643364750984) NasdaqGS:EFSC Historic Dividend January 28th 2022**Enterprise Financial Services Has A Solid Track Record** The company has an extended history of paying stable dividends. Since 2012, the first annual payment was US$0.21, compared to the most recent full-year payment of US$0.84. This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable. **Enterprise Financial Services Could Grow Its Dividend** Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Enterprise Financial Services has impressed us by growing EPS at 7.6% per year over the past five years. Enterprise Financial Services definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We'd also point out that Enterprise Financial Services has issued stock equal to 44% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. **Enterprise Financial Services Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified [2 warning signs for Enterprise Financial Services](https://simplywall.st/stocks/us/banks/nasdaq-efsc/enterprise-financial-services?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYwODpmMTQxOGU3MDUzZWQ4NmY4)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2021 PREFERRED DIVIDENDS
Article: AUSTIN, Texas, Jan. 28, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022. [](https://mma.prnewswire.com/media/233320/summit_hotel_properties_inc___logo.html) The Board of Directors has also authorized, and the Company has declared on behalf of the operating partnership, a cash dividend of $0.171354 per share of the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units that were issued on January 13, 2022, as part of the recently announced NewcrestImage portfolio acquisition. The dividends are payable on February 28, 2022, to holders of record as of February 14, 2022. **About Summit Hotel Properties** Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of January 28, 2022, the Company's portfolio consisted of 100 hotels, 61 of which are wholly owned, with a total of 15,051 guestrooms located in 24 states. For additional information, please visit the Company's website, [www.shpreit.com](https://c212.net/c/link/?t=0&l=en&o=3427490-1&h=2650064668&u=http%3A%2F%2Fwww.shpreit.com%2F&a=www.shpreit.com), and follow the Company on Twitter at @SummitHotel_INN. **Forward Looking Statements** This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. [Cision](https://c212.net/c/img/favicon.png?sn=DA45766&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html](https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html) SOURCE Summit Hotel Properties, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y
Article: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At CNDT
Article: In trading on Friday, shares of Conduent Inc (Symbol: CNDT) touched a new 52-week low of $4.49/share. That's a $4.01 share price drop, or -47.18% decline from the 52-week high of $8.50 set back on 06/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for CNDT that means the stock would have to gain 89.31% to get back to the 52-week high. For a move like that, Conduent Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as CNDT shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, CNDT has seen 4 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/10/2021 & A. Scott Letier & Director & 10,000 & $6.89 & $68,900.00 \\ \hline 08/10/2021 & Clifford Skelton & President and CEO & 14,970 & $6.68 & $99,999.60 \\ \hline 08/12/2021 & Mark Prout & EVP, Chief Information Officer & 3,000 & $7.07 & $21,219.00 \\ \hline 08/26/2021 & Mark Simon Brewer & EVP, Transportation & 3,703 & $6.75 & $24,995.25 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where CNDT has traded over the past year, with the 50-day and 200-day moving averages included. [Conduent Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for CNDT shares, which are presently showing a last trade of $4.54/share, slightly above the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: INN
Security: Summit Hotel Properties, Inc.
Related Stocks/Topics: Unknown
Title: SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2021 PREFERRED DIVIDENDS
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: AUSTIN, Texas, Jan. 28, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022. [](https://mma.prnewswire.com/media/233320/summit_hotel_properties_inc___logo.html) The Board of Directors has also authorized, and the Company has declared on behalf of the operating partnership, a cash dividend of $0.171354 per share of the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units that were issued on January 13, 2022, as part of the recently announced NewcrestImage portfolio acquisition. The dividends are payable on February 28, 2022, to holders of record as of February 14, 2022. **About Summit Hotel Properties** Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of January 28, 2022, the Company's portfolio consisted of 100 hotels, 61 of which are wholly owned, with a total of 15,051 guestrooms located in 24 states. For additional information, please visit the Company's website, [www.shpreit.com](https://c212.net/c/link/?t=0&l=en&o=3427490-1&h=2650064668&u=http%3A%2F%2Fwww.shpreit.com%2F&a=www.shpreit.com), and follow the Company on Twitter at @SummitHotel_INN. **Forward Looking Statements** This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. [Cision](https://c212.net/c/img/favicon.png?sn=DA45766&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html](https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html) SOURCE Summit Hotel Properties, Inc.
Stock Price 4 days before: 9.26458
Stock Price 2 days before: 9.49242
Stock Price 1 day before: 9.39475
Stock Price at release: 8.87937
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: MSBI
Security: Midland States Bancorp, Inc.
Related Stocks/Topics: Stocks
Title: Should Value Investors Buy These Finance Stocks?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **Midland States Bancorp (MSBI)**. MSBI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 8.75 right now. For comparison, its industry sports an average P/E of 12.48. Over the past year, MSBI's Forward P/E has been as high as 9.51 and as low as 7.15, with a median of 8.16.We should also highlight that MSBI has a P/B ratio of 0.92. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.77. Over the past year, MSBI's P/B has been as high as 1.06 and as low as 0.67, with a median of 0.87.Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. MSBI has a P/S ratio of 1.9. This compares to its industry's average P/S of 3.01.Finally, our model also underscores that MSBI has a P/CF ratio of 6.98. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.69. MSBI's P/CF has been as high as 14.64 and as low as 6.01, with a median of 8.28, all within the past year. **Salisbury Bancorp (SAL)** may be another strong Banks - Northeast stock to add to your shortlist. SAL is a # 2 (Buy) stock with a Value grade of A.Additionally, Salisbury Bancorp has a P/B ratio of 1.15 while its industry's price-to-book ratio sits at 1.77. For SAL, this valuation metric has been as high as 1.22, as low as 0.83, with a median of 1.06 over the past year.Value investors will likely look at more than just these metrics, but the above data helps show that Midland States Bancorp and Salisbury Bancorp are likely undervalued currently. And when considering the strength of its earnings outlook, MSBI and SAL sticks out as one of the market's strongest value stocks. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859044) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859044) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859044) [Salisbury Bancorp, Inc. (SAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SAL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859044) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859044/should-value-investors-buy-these-finance-stocks?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859044)
Stock Price 4 days before: 26.5036
Stock Price 2 days before: 27.5527
Stock Price 1 day before: 27.0918
Stock Price at release: 27.3024
Risk-Free Rate at release: 0.0004
| 29.4426 |
Broader Economic Information:
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Date: 2022-01-28
Title: First Week of WB March 11th Options Trading
Article: Investors in Weibo Corp (Symbol: WB) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the WB options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $28.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.70 (before broker commissions). To an investor already interested in purchasing shares of WB, that could represent an attractive alternative to paying $30.62/share today. Because the $28.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=put&contract=28.00). Should the contract expire worthless, the premium would represent a 4.64% return on the cash commitment, or 40.35% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Weibo Corp, and highlighting in green where the $28.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $37.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of WB stock at the current price level of $30.62/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $37.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.49% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WB shares really soar, which is why looking at the trailing twelve month trading history for Weibo Corp, as well as studying the business fundamentals becomes important. Below is a chart showing WB's trailing twelve month trading history, with the $37.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $37.00 strike represents an approximate 21% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 87%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=call&contract=37.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.65% boost of extra return to the investor, or 5.68% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 74%, while the implied volatility in the call contract example is 88%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $30.62) to be 47%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Mercury (MRCY) Offers US & Allies RF Microelectronics Solutions
Article: **Mercury Systems** [MRCY](https://www.nasdaq.com/market-activity/stocks/mrcy) recently secured a $17 million contract to provide crucial multi-channel radio frequency (“RF”) microelectronics to the United States and its allies for the enhancement of missile capabilities.The contract will enable U.S warfighters to receive fast real-time signals intelligence data through these digital RF assemblies. This, in turn, will propel America’s air defense mission to newer heights ensuring the country’s air dominance in the 21st century. Awarded in the first quarter of fiscal 2022, Mercury’s latest deal is likely to get shipped over the next few quarters. The contract is likely to expand the defense company’s microelectronics segment’s growth. **Mercury Continues to Win Contracts** Mercury’s products and solutions are supplied to about 300 defense and intelligence programs with over 25 different defense prime contractors. The company’s domain expertise in analog and digital integration has aided it in building a solid long-term relationship with defense prime contractors.The aerospace and defense tech company works with a number of key defense prime contractors on a regular basis ensuring healthy flow of orders. In August 2021, Mercury received a $17 million order from the U.S. Naval Air Warfare Center’s Aircraft Division. In July, it teamed up with CoreAVI, winner of the Military and Aerospace Electronics 2017 Innovators Platinum Award, to provide its aerospace and defense customers CoreAVI’s safety-certified graphics, video, and GPU compute solutions.Prior to that, in June 2021, Mercury achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for its Joint Light Tactical Vehicle program. **Mercury Systems Inc Price and Consensus [](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart)** [Mercury Systems Inc price-consensus-chart](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart) | [Mercury Systems Inc Quote](https://www.nasdaq.com/market-activity/stocks/mrcy) **Zacks Rank & Stocks to Consider** Mercury currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor **Salesforce** [CRM](https://www.nasdaq.com/market-activity/stocks/crm) flaunting a Zacks Rank #1 (Strong Buy), the graphic processing unit maker **NVIDIA Corporation** [NVDA](https://www.nasdaq.com/market-activity/stocks/nvda) and **Advanced Micro Devices** [AMD](https://www.nasdaq.com/market-activity/stocks/amd), both carrying a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Salesforce’s fourth-quarter fiscal 2022 earnings has been revised downward by 7.6% to 73 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved upward by 0.43% to $4.68 per share in the last 60 days.Salesforce’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 44.2%. CRM stock has depreciated 6.1% in the past year.The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward by 13 cents to $1.22 per share over the past 90 days. For fiscal 2022, earnings estimates have moved north by 19 cents to $4.33 per share in the past 90 days. NVIDIA’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have surged 68.1% in the past year.The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 90 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last 60 days.Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 17.2% in the past year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_253_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AMD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [salesforce.com, inc. (CRM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [NVIDIA Corporation (NVDA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVDA&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Mercury Systems Inc (MRCY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRCY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859146/mercury-mrcy-offers-us-allies-rf-microelectronics-solutions?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings and Revenues Surpass Estimates
Article: Caterpillar (CAT) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.63%. A quarter ago, it was expected that this construction equipment company would post earnings of $2.26 per share when it actually produced earnings of $2.66, delivering a surprise of 17.70%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Caterpillar, which belongs to the Zacks Manufacturing - Construction and Mining industry, posted revenues of $13.8 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $11.24 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Caterpillar shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Caterpillar?**While Caterpillar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CAT/earnings-calendar), the estimate revisions trend for Caterpillar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $13.32 billion in revenues for the coming quarter and $12.31 on $56.58 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Construction and Mining is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, H&E Equipment (HEES), is yet to report results for the quarter ended December 2021.This construction and industrial equipment service provider is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -19.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.H&E Equipment's revenues are expected to be $260.8 million, down 17.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HEES&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858874/caterpillar-cat-q4-earnings-and-revenues-surpass-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap
Article: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Provident Bancorp (PVBC) Misses Q4 Earnings Estimates
Article: Provident Bancorp (PVBC) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Provident Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $17.64 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $16.29 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Provident Bancorp shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Provident Bancorp?**While Provident Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PVBC/earnings-calendar), the estimate revisions trend for Provident Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $17.01 million in revenues for the coming quarter and $1 on $70.17 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Farmers & Merchants Bancorp Inc. (FMAO), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Farmers & Merchants Bancorp Inc.'s revenues are expected to be $22.3 million, up 2.5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Provident Bancorp, Inc. (PVBC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PVBC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FMAO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858717/provident-bancorp-pvbc-misses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Capitol Federal Financial, Inc.® Reports First Quarter Fiscal Year 2022 Results
Article: TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc.® (NASDAQ: CFFN) (the "Company"), the parent company of Capitol Federal Savings Bank (the "Bank"), announced results today for the quarter ended December 31, 2021. The Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2021 will be filed with the Securities and Exchange Commission ("SEC") on or about February 9, 2022 and posted on our website, [http://ir.capfed.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.capfed.com&esheet=52570186&newsitemid=20220128005032&lan=en-US&anchor=http%3A%2F%2Fir.capfed.com&index=1&md5=417f4fd15e6c5df9e7a35490bb2ebdac). **For best viewing results, please view this release in Portable Document Format (PDF) on our website. **Highlights for the quarter include: - net income of $22.2 million; - basic and diluted earnings per share of $0.16; - net interest margin of 1.99%; - paid dividends of $41.4 million, or $0.305 per share; and - on January 25, 2022, announced a cash dividend of $0.085 per share, payable on February 18, 2022 to stockholders of record as of the close of business on February 4, 2022. **Comparison of Operating Results for the Three Months Ended December 31, 2021 and September 30, 2021**For the quarter ended December 31, 2021, the Company recognized net income of $22.2 million, or $0.16 per share, compared to net income of $18.6 million, or $0.14 per share, for the quarter ended September 30, 2021. The increase in net income was due primarily to a higher negative provision for credit losses compared to the prior quarter and lower non-interest expense. The net interest margin increased two basis points, from 1.97% for the prior quarter to 1.99% for the current quarter, due mainly to a decrease in the cost of retail certificates of deposit.Interest and Dividend IncomeThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & & & \\ \hline Loans receivable & $ & 55,788 & & $ & 57,139 & & $ & (1,351 & ) & & (2.4 & ) % \\ \hline Mortgage-backed securities ("MBS") & & 4,625 & & & 4,900 & & & (275 & ) & & (5.6 & ) \\ \hline Federal Home Loan Bank Topeka ("FHLB") stock & & 1,231 & & & 952 & & & 279 & & & 29.3 & \\ \hline Investment securities & & 808 & & & 750 & & & 58 & & & 7.7 & \\ \hline Cash and cash equivalents & & 14 & & & 27 & & & (13 & ) & & (48.1 & ) \\ \hline Total interest and dividend income & $ & 62,466 & & $ & 63,768 & & $ & (1,302 & ) & & (2.0 & ) \\ \hline \end{table} The decrease in interest income on loans receivable was primarily in the one-to four-family portfolio due to a reduction in the weighted average rate of the portfolio due to originations, purchases, refinances and endorsements to lower market rates and payoffs of higher rate loans, along with a reduction in commercial loan deferred fee amortization related to the Paycheck Protection Program ("PPP"). The decrease in interest income on MBS was due primarily to a decrease in the average balance of the portfolio. The increase in dividend income on FHLB stock was due mainly to a special year-end dividend of 1.00% paid by FHLB during the current quarter.Interest ExpenseThe following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST EXPENSE: & & & & & & & \\ \hline Deposits & $ & 9,267 & & $ & 10,335 & & $ & (1,068 & ) & & (10.3 & ) % \\ \hline Borrowings & & 7,585 & & & 7,889 & & & (304 & ) & & (3.9 & ) \\ \hline Total interest expense & $ & 16,852 & & $ & 18,224 & & $ & (1,372 & ) & & (7.5 & ) \\ \hline \end{table} The decrease in interest expense on deposits was due primarily to a decrease in the weighted average rate and the average balance of the retail certificate of deposit portfolio. See "Financial Condition as of December 31, 2021" below for additional information on deposits. The decrease in interest expense on borrowings was due to the full impact during the current quarter of certain FHLB advances being replaced at lower rates during the prior quarter.Provision for Credit LossesFor the quarter ended December 31, 2021, the Bank recorded a negative provision for credit losses of $3.4 million, compared to a negative provision for credit losses of $1.3 million for the prior quarter. The negative provision in the current quarter was comprised of a $2.3 million decrease in the allowance for credit losses ("ACL") for loans due primarily to a reduction in the balance of special mention commercial loans and a $1.1 million decrease in reserves for off-balance sheet credit exposures due mainly to continued improving economic conditions. See additional discussion regarding the Bank's ACL and reserves for off-balance sheet credit exposures at December 31, 2021 in the "Asset Quality" section below.Non-Interest IncomeThe following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST INCOME: & & & & & & & \\ \hline Deposit service fees & $ & 3,430 & & $ & 3,294 & & $ & 136 & & & 4.1 & % \\ \hline Insurance commissions & & 711 & & & 781 & & & (70 & ) & & (9.0 & ) \\ \hline Other non-interest income & & 1,365 & & & 1,228 & & & 137 & & & 11.2 & \\ \hline Total non-interest income & $ & 5,506 & & $ & 5,303 & & $ & 203 & & & 3.8 & \\ \hline \end{table} Non-Interest ExpenseThe following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & 2021 & & 2021 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST EXPENSE: & & & & & & & \\ \hline Salaries and employee benefits & $ & 13,728 & & $ & 14,600 & & $ & (872 & ) & & (6.0 & ) % \\ \hline Information technology and related expense & & 4,432 & & & 4,354 & & & 78 & & & 1.8 & \\ \hline Occupancy, net & & 3,379 & & & 3,639 & & & (260 & ) & & (7.1 & ) \\ \hline Regulatory and outside services & & 1,368 & & & 1,476 & & & (108 & ) & & (7.3 & ) \\ \hline Advertising and promotional & & 1,064 & & & 1,404 & & & (340 & ) & & (24.2 & ) \\ \hline Deposit and loan transaction costs & & 697 & & & 638 & & & 59 & & & 9.2 & \\ \hline Federal insurance premium & & 639 & & & 657 & & & (18 & ) & & (2.7 & ) \\ \hline Office supplies and related expense & & 468 & & & 426 & & & 42 & & & 9.9 & \\ \hline Other non-interest expense & & 919 & & & 1,053 & & & (134 & ) & & (12.7 & ) \\ \hline Total non-interest expense & $ & 26,694 & & $ & 28,247 & & $ & (1,553 & ) & & (5.5 & ) \\ \hline \end{table} The decrease in salaries and employee benefits was primarily related to incentive compensation, as fiscal year 2021 incentives were finalized during the prior quarter. The decrease in occupancy, net was due mainly to decreases in utilities and building maintenance expenses. The decrease in advertising and promotional expense was due primarily to the timing of campaigns.The Company's efficiency ratio was 52.22% for the current quarter compared to 55.55% for the prior quarter. The improvement in the efficiency ratio was due primarily to lower non-interest expense. The efficiency ratio is a measure of a financial institution's total non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. A lower value indicates that the financial institution is generating revenue with a lower level of expense, relative to the net interest margin and non-interest income.Income Tax ExpenseThe following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & September 30, & & Change Expressed in: \\ \hline & & 2021 & & & & 2021 & & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline Income before income tax expense & $ & 27,865 & & & $ & 23,923 & & & $ & 3,942 & & 16.5 & % \\ \hline Income tax expense & & 5,679 & & & & 5,370 & & & & 309 & & 5.8 & \\ \hline Net income & $ & 22,186 & & & $ & 18,553 & & & $ & 3,633 & & 19.6 & \\ \hline & & & & & & & \\ \hline Effective Tax Rate & & 20.4 & % & & & 22.4 & % & & & & \\ \hline \end{table} The increase in income tax expense was due primarily to higher pretax income, partially offset by a lower effective tax rate in the current quarter. The effective tax rate was higher in the prior quarter due mainly to year-end adjustments of permanent tax differences, specifically the Company's low income housing partnership amounts.Leverage StrategyAt times, the Bank has utilized a leverage strategy to increase earnings. The leverage strategy involves borrowing on either the Bank's FHLB line of credit or by entering into short-term FHLB advances with the proceeds from the borrowings, net of the required FHLB stock holdings, deposited at the Federal Reserve Bank of Kansas City. The leverage strategy was not in place during the current quarter or in recent years as the strategy was not profitable. The strategy did, however, become profitable again in January 2022, and management reimplemented the strategy by entering into $1.80 billion of short-term FHLB advances. It is expected that the strategy will continue to be used as long as it is profitable. The borrowing level related to the strategy may fluctuate while the strategy is in place. **Comparison of Operating Results for the Three Months Ended December 31, 2021 and 2020**The Company recognized net income of $22.2 million, or $0.16 per share, for the current quarter compared to net income of $18.9 million, or $0.14 per share, for the prior year quarter. The increase in net income was due primarily to a higher negative provision for credit losses in the current quarter and an increase in net interest income. The net interest margin increased seven basis points, from 1.92% for the prior year quarter to 1.99% for the current quarter. The increase in net interest income and net interest margin was due mainly to a reduction in the cost of retail certificates of deposit and borrowings, which outpaced the decrease in asset yields.Interest and Dividend IncomeThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & & & \\ \hline Loans receivable & $ & 55,788 & & $ & 60,694 & & $ & (4,906 & ) & & (8.1 & ) % \\ \hline MBS & & 4,625 & & & 5,710 & & & (1,085 & ) & & (19.0 & ) \\ \hline FHLB Stock & & 1,231 & & & 1,069 & & & 162 & & & 15.2 & \\ \hline Investment securities & & 808 & & & 683 & & & 125 & & & 18.3 & \\ \hline Cash and cash equivalents & & 14 & & & 51 & & & (37 & ) & & (72.5 & ) \\ \hline Total interest and dividend income & $ & 62,466 & & $ & 68,207 & & $ & (5,741 & ) & & (8.4 & ) \\ \hline \end{table} The decrease in interest income on loans receivable was due mainly to a decrease in the weighted average rate, primarily in the one- to four-family originated loan portfolio. The premium amortization related to the one- to four-family correspondent loan portfolio decreased significantly compared to the prior year quarter due to the slow-down in prepayments and endorsements; however, the decrease in the weighted average loan portfolio rate more than offset the reduction in premium amortization. The decrease in the weighted average rate for the one- to four-family originated and correspondent loan portfolios was due to endorsements and refinances to lower market rates and the origination and purchase of new loans at lower market rates.The decrease in interest income on the MBS portfolio was due to a decrease in the weighted average yield as a result of higher premium amortization related to prepayment activity, along with purchases at lower market yields, partially offset by an increase in the average balance of the portfolio.Interest ExpenseThe following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline INTEREST EXPENSE: & & & & & & & \\ \hline Deposits & $ & 9,267 & & $ & 14,067 & & $ & (4,800 & ) & & (34.1 & ) % \\ \hline Borrowings & & 7,585 & & & 10,327 & & & (2,742 & ) & & (26.6 & ) \\ \hline Total interest expense & $ & 16,852 & & $ & 24,394 & & $ & (7,542 & ) & & (30.9 & ) \\ \hline \end{table} The decrease in interest expense on deposits was due mainly to a decrease in the weighted average rate paid on retail certificates of deposit, money market accounts, and wholesale certificates of deposit. Retail certificates of deposit continue to reprice downward as they renew or are replaced at lower offered rates, and rates on money market accounts were also lowered between periods.The decrease in interest expense on borrowings was due primarily to lowering the cost of FHLB advances by terminating or not renewing certain interest rate swap agreements, not replacing certain maturing FHLB advances, and prepaying certain advances during fiscal year 2021. Cash flows from the deposit portfolio were used to pay down certain FHLB advances.Provision for Credit LossesThe Bank recorded a negative provision for credit losses during the current quarter of $3.4 million, compared to a negative provision for credit losses of $1.5 million during the prior year quarter. See additional information regarding the current quarter negative provision for credit losses in the "Comparison of Operating Results for the Three Months Ended December 31, 2021 and September 30, 2021" section above. See additional discussion regarding the Bank's ACL and reserve for off-balance sheet credit exposures at December 31, 2021 in the "Asset Quality" section below.Non-Interest IncomeThe following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST INCOME: & & & & & & & \\ \hline Deposit service fees & $ & 3,430 & & $ & 2,947 & & $ & 483 & & & 16.4 & % \\ \hline Insurance commissions & & 711 & & & 638 & & & 73 & & & 11.4 & \\ \hline Other non-interest income & & 1,365 & & & 1,485 & & & (120 & ) & & (8.1 & ) \\ \hline Total non-interest income & $ & 5,506 & & $ & 5,070 & & $ & 436 & & & 8.6 & \\ \hline \end{table} The increase in deposit service fees was due primarily to an increase in debit card income as a result of higher transaction volume, along with an increase in the amount per transaction. The decrease in other non-interest income was primarily related to lower income from bank-owned life insurance, due to receiving death benefits during the prior year quarter, compared to none during the current quarter.Non-Interest ExpenseThe following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & 2021 & & 2020 & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline NON-INTEREST EXPENSE: & & & & & & & \\ \hline Salaries and employee benefits & $ & 13,728 & & $ & 14,138 & & $ & (410 & ) & & (2.9 & ) % \\ \hline Information technology and related expense & & 4,432 & & & 4,233 & & & 199 & & & 4.7 & \\ \hline Occupancy, net & & 3,379 & & & 3,379 & & & — & & & — & \\ \hline Regulatory and outside services & & 1,368 & & & 1,585 & & & (217 & ) & & (13.7 & ) \\ \hline Advertising and promotional & & 1,064 & & & 838 & & & 226 & & & 27.0 & \\ \hline Deposit and loan transaction costs & & 697 & & & 766 & & & (69 & ) & & (9.0 & ) \\ \hline Federal insurance premium & & 639 & & & 621 & & & 18 & & & 2.9 & \\ \hline Office supplies and related expense & & 468 & & & 424 & & & 44 & & & 10.4 & \\ \hline Other non-interest expense & & 919 & & & 1,083 & & & (164 & ) & & (15.1 & ) \\ \hline Total non-interest expense & $ & 26,694 & & $ & 27,067 & & $ & (373 & ) & & (1.4 & ) \\ \hline \end{table} The decrease in salaries and employee benefits was due primarily to a decrease in loan commissions related to lower loan origination activity in the current quarter. The increase in advertising and promotional expense was due mainly to adjustments to advertising schedules during the prior year related to the Coronavirus Disease 2019 ("COVID-19") pandemic.The Company's efficiency ratio was 52.22% for the current year period compared to 55.37% for the prior year period. The improvement in the efficiency ratio was due primarily to higher net interest income, as well as lower non-interest expense and higher non-interest income.Income Tax ExpenseThe following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended & & & & \\ \hline & December 31, & & Change Expressed in: \\ \hline & & 2021 & & & & 2020 & & & Dollars & & Percent \\ \hline & (Dollars in thousands) & & \\ \hline & & & & & & & \\ \hline Income before income tax expense & $ & 27,865 & & & $ & 23,348 & & & $ & 4,517 & & 19.3 & % \\ \hline Income tax expense & & 5,679 & & & & 4,450 & & & & 1,229 & & 27.6 & \\ \hline Net income & $ & 22,186 & & & $ & 18,898 & & & $ & 3,288 & & 17.4 & \\ \hline & & & & & & & \\ \hline Effective Tax Rate & & 20.4 & % & & & 19.1 & % & & & & \\ \hline \end{table} The increase in income tax expense was due primarily to higher pretax income in the current year, as well as a higher effective tax rate compared to the prior year. The higher effective tax rate in the current quarter compared to the prior year quarter was due primarily to a lower amount of favorable provision to return adjustments compared to the prior year quarter. Management anticipates the effective income tax rate for fiscal year 2022 will be approximately 21%. **Financial Condition as of December 31, 2021**The following table summarizes the Company's financial condition at the dates indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & Annualized \\ \hline & December 31, & & September 30, & & Percent \\ \hline & & 2021 & & & & 2021 & & & Change \\ \hline & (Dollars in thousands) \\ \hline Total assets & $ & 9,609,157 & & & $ & 9,631,246 & & & (0.9 & ) % \\ \hline Available-for-sale ("AFS") securities & & 1,890,653 & & & & 2,014,608 & & & (24.6 & ) \\ \hline Loans receivable, net & & 7,095,605 & & & & 7,081,142 & & & 0.8 & \\ \hline Deposits & & 6,648,004 & & & & 6,597,396 & & & 3.1 & \\ \hline Borrowings & & 1,583,303 & & & & 1,582,850 & & & 0.1 & \\ \hline Stockholders' equity & & 1,216,660 & & & & 1,242,273 & & & (8.2 & ) \\ \hline Equity to total assets at end of period & & 12.7 & % & & & 12.9 & % & & \\ \hline Average number of basic shares outstanding & & 135,627 & & & & 135,571 & & & 0.2 & \\ \hline Average number of diluted shares outstanding & & 135,627 & & & & 135,571 & & & 0.2 & \\ \hline \end{table} The decrease in total assets was due primarily to a decrease in securities, partially offset by an increase in cash and cash equivalents. The increase in deposits was due primarily to an increase in non-maturity deposits, partially offset by a decrease in the certificate of deposit portfolio, as customers moved some of their funds from maturing certificates to more liquid investment options, such as the Bank's money market accounts.The following table summarizes loan originations and purchases and borrowing activity, along with the related weighted average rates, during the periods indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Amount & & Rate & & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Loan originations and purchases & & & & & & & \\ \hline One- to four-family and consumer: & & & & & & & \\ \hline Originated & $ & 209,440 & & & 2.88 & % & & $ & 237,358 & & & 2.86 & % \\ \hline Purchased & & 130,553 & & & 2.65 & & & & 184,562 & & & 2.68 & \\ \hline & & & & & & & \\ \hline Commercial: & & & & & & & \\ \hline Originated & & 49,245 & & & 3.80 & & & & 43,021 & & & 4.08 & \\ \hline Purchased & & 36,663 & & & 3.35 & & & & 19,600 & & & 4.06 & \\ \hline & $ & 425,901 & & & 2.96 & & & $ & 484,541 & & & 2.95 & \\ \hline Borrowing activity & & & & & & & \\ \hline Maturities and prepayments & $ & (100,000 & ) & & 3.14 & & & $ & (340,000 & ) & & 2.73 & \\ \hline New borrowings & & 100,000 & & & 3.44 & & & & 340,000 & & & 2.17 & \\ \hline \end{table} Stockholders' EquityDuring the current quarter, the Company paid cash dividends totaling $41.4 million. These cash dividends totaled $0.305 per share and consisted of a $0.22 per share cash true-up dividend related to fiscal year 2021 earnings and a regular quarterly cash dividend of $0.085 per share. On January 25, 2022, the Company announced a regular quarterly cash dividend of $0.085 per share, or approximately $11.5 million, payable on February 18, 2022 to stockholders of record as of the close of business on February 4, 2022. In the long run, management considers the Bank's equity to total assets ratio of at least 9% an appropriate level of capital. At December 31, 2021, this ratio was 11.5%.At December 31, 2021, Capitol Federal Financial, Inc., at the holding company level, had $70.8 million in cash on deposit at the Bank. For fiscal year 2022, it is the intention of the Board of Directors to continue the payout of 100% of the Company's earnings to the Company's stockholders. Dividend payments depend upon a number of factors, including the Company's financial condition and results of operations, regulatory capital requirements, regulatory limitations on the Bank's ability to make capital distributions to the Company, and the amount of cash at the holding company level.There remains $44.7 million authorized under the existing stock repurchase plan for additional purchases of the Company's common stock. Shares may be repurchased from time to time based upon market conditions, available liquidity and other factors. This plan has no expiration date; however, the Federal Reserve Bank's existing approval for the Company to repurchase shares expires in August 2022.The following table presents a reconciliation of total to net shares outstanding as of December 31, 2021. \begin{table}{|c|c|c|} \hline Total shares outstanding & 138,842,784 & \\ \hline Less unallocated Employee Stock Ownership Plan ("ESOP") shares and unvested restricted stock & (3,169,063 & ) \\ \hline Net shares outstanding & 135,673,721 & \\ \hline \end{table} Consistent with our goal to operate a sound and profitable financial organization, we actively seek to maintain a well-capitalized status for the Bank in accordance with regulatory standards. In April 2020, the federal bank regulatory agencies announced the issuance of two interim final rules, effective immediately, to provide temporary relief to community banking organizations. Under the interim final rules, the community bank leverage ratio ("CBLR") requirement is a minimum of 8.5% for calendar year 2021 and 9% thereafter. As of December 31, 2021, the Bank's CBLR was 11.6%, which exceeded the minimum requirement.Capitol Federal Financial, Inc. is the holding company for the Bank. The Bank has 54 branch locations in Kansas and Missouri, and is one of the largest residential lenders in the State of Kansas. News and other information about the Company can be found at the Bank's website, [http://www.capfed.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.capfed.com&esheet=52570186&newsitemid=20220128005032&lan=en-US&anchor=http%3A%2F%2Fwww.capfed.com&index=2&md5=122f59eeca0a6f6ec0176cb99de546a9).Except for the historical information contained in this press release, the matters discussed herein may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including: potential adverse impacts of the ongoing COVID-19 pandemic and any governmental or societal responses thereto on economic conditions in the Company's local market areas and other market areas where the Bank has lending relationships, on other aspects of the Company's business operations and on financial markets; changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities; other governmental initiatives affecting the financial services industry; changes in accounting principles, policies or guidelines; fluctuations in interest rates; demand for loans in the Company's and its correspondent banks' market areas; the future earnings and capital levels of the Bank, which could affect the ability of the Company to pay dividends in accordance with its dividend policies; competition; and other risks detailed from time to time in documents filed or furnished by the Company with the SEC. Actual results may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. **SUPPLEMENTAL FINANCIAL INFORMATION** \begin{table}{|c|c|c|c|c|c|c|c|} \hline CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY \\ \hline CONSOLIDATED BALANCE SHEETS (Unaudited) \\ \hline (Dollars in thousands, except per share amounts) \\ \hline & & & \\ \hline & December 31, & & September 30, \\ \hline & & 2021 & & & & 2021 & \\ \hline ASSETS: & & & \\ \hline Cash and cash equivalents (includes interest-earning deposits of $106,225 and $24,289) & $ & 135,475 & & & $ & 42,262 & \\ \hline AFS securities, at estimated fair value (amortized cost of $1,899,027 and $2,008,456) & & 1,890,653 & & & & 2,014,608 & \\ \hline Loans receivable, net (ACL of $17,535 and $19,823) & & 7,095,605 & & & & 7,081,142 & \\ \hline FHLB stock, at cost & & 75,261 & & & & 73,421 & \\ \hline Premises and equipment, net & & 97,718 & & & & 99,127 & \\ \hline Other assets & & 314,445 & & & & 320,686 & \\ \hline TOTAL ASSETS & $ & 9,609,157 & & & $ & 9,631,246 & \\ \hline & & & \\ \hline LIABILITIES: & & & \\ \hline Deposits & $ & 6,648,004 & & & $ & 6,597,396 & \\ \hline Borrowings & & 1,583,303 & & & & 1,582,850 & \\ \hline Advance payments by borrowers for taxes and insurance & & 38,227 & & & & 72,729 & \\ \hline Income taxes payable, net & & 3,733 & & & & 918 & \\ \hline Deferred income tax liabilities, net & & 3,981 & & & & 5,810 & \\ \hline Other liabilities & & 115,249 & & & & 129,270 & \\ \hline Total liabilities & & 8,392,497 & & & & 8,388,973 & \\ \hline & & & \\ \hline STOCKHOLDERS' EQUITY: & & & \\ \hline Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding & & — & & & & — & \\ \hline Common stock, $0.01 par value; 1,400,000,000 shares authorized, 138,842,784 and 138,832,284 shares issued and outstanding as of December 31, 2021 and September 30, 2021, respectively & & 1,388 & & & & 1,388 & \\ \hline Additional paid-in capital & & 1,189,827 & & & & 1,189,633 & \\ \hline Unearned compensation, ESOP & & (30,974 & ) & & & (31,387 & ) \\ \hline Retained earnings & & 79,745 & & & & 98,944 & \\ \hline Accumulated other comprehensive (loss) income, net of tax & & (23,326 & ) & & & (16,305 & ) \\ \hline Total stockholders' equity & & 1,216,660 & & & & 1,242,273 & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & $ & 9,609,157 & & & $ & 9,631,246 & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY \\ \hline CONSOLIDATED STATEMENTS OF INCOME (Unaudited) \\ \hline (Dollars in thousands) \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & & & 2021 & & & & 2020 & \\ \hline INTEREST AND DIVIDEND INCOME: & & & & & \\ \hline Loans receivable & $ & 55,788 & & & $ & 57,139 & & & $ & 60,694 & \\ \hline MBS & & 4,625 & & & & 4,900 & & & & 5,710 & \\ \hline FHLB stock & & 1,231 & & & & 952 & & & & 1,069 & \\ \hline Investment securities & & 808 & & & & 750 & & & & 683 & \\ \hline Cash and cash equivalents & & 14 & & & & 27 & & & & 51 & \\ \hline Total interest and dividend income & & 62,466 & & & & 63,768 & & & & 68,207 & \\ \hline & & & & & \\ \hline INTEREST EXPENSE: & & & & & \\ \hline Deposits & & 9,267 & & & & 10,335 & & & & 14,067 & \\ \hline Borrowings & & 7,585 & & & & 7,889 & & & & 10,327 & \\ \hline Total interest expense & & 16,852 & & & & 18,224 & & & & 24,394 & \\ \hline & & & & & \\ \hline NET INTEREST INCOME & & 45,614 & & & & 45,544 & & & & 43,813 & \\ \hline & & & & & \\ \hline PROVISION FOR CREDIT LOSSES & & (3,439 & ) & & & (1,323 & ) & & & (1,532 & ) \\ \hline NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES & & 49,053 & & & & 46,867 & & & & 45,345 & \\ \hline & & & & & \\ \hline NON-INTEREST INCOME: & & & & & \\ \hline Deposit service fees & & 3,430 & & & & 3,294 & & & & 2,947 & \\ \hline Insurance commissions & & 711 & & & & 781 & & & & 638 & \\ \hline Other non-interest income & & 1,365 & & & & 1,228 & & & & 1,485 & \\ \hline Total non-interest income & & 5,506 & & & & 5,303 & & & & 5,070 & \\ \hline & & & & & \\ \hline NON-INTEREST EXPENSE: & & & & & \\ \hline Salaries and employee benefits & & 13,728 & & & & 14,600 & & & & 14,138 & \\ \hline Information technology and related expense & & 4,432 & & & & 4,354 & & & & 4,233 & \\ \hline Occupancy, net & & 3,379 & & & & 3,639 & & & & 3,379 & \\ \hline Regulatory and outside services & & 1,368 & & & & 1,476 & & & & 1,585 & \\ \hline Advertising and promotional & & 1,064 & & & & 1,404 & & & & 838 & \\ \hline Deposit and loan transaction costs & & 697 & & & & 638 & & & & 766 & \\ \hline Federal insurance premium & & 639 & & & & 657 & & & & 621 & \\ \hline Office supplies and related expense & & 468 & & & & 426 & & & & 424 & \\ \hline Other non-interest expense & & 919 & & & & 1,053 & & & & 1,083 & \\ \hline Total non-interest expense & & 26,694 & & & & 28,247 & & & & 27,067 & \\ \hline INCOME BEFORE INCOME TAX EXPENSE & & 27,865 & & & & 23,923 & & & & 23,348 & \\ \hline INCOME TAX EXPENSE & & 5,679 & & & & 5,370 & & & & 4,450 & \\ \hline NET INCOME & $ & 22,186 & & & $ & 18,553 & & & $ & 18,898 & \\ \hline \end{table} **Average Balance Sheets** The following tables present the average balances of our assets, liabilities, and stockholders' equity, and the related annualized weighted average yields and rates on our interest-earning assets and interest-bearing liabilities for the periods indicated, as well as selected performance ratios and other information for the periods shown. Weighted average yields are derived by dividing annualized income by the average balance of the related assets, and weighted average rates are derived by dividing annualized expense by the average balance of the related liabilities, for the periods shown. Average outstanding balances are derived from average daily balances. The weighted average yields and rates include amortization of fees, costs, premiums and discounts, which are considered adjustments to yields/rates. Weighted average yields on tax-exempt securities are not calculated on a fully taxable equivalent basis. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & Average & & Interest & & & & Average & & Interest & & & & Average & & Interest & & \\ \hline & Outstanding & & Earned/ & & Yield/ & & Outstanding & & Earned/ & & Yield/ & & Outstanding & & Earned/ & & Yield/ \\ \hline & Amount & & Paid & & Rate & & Amount & & Paid & & Rate & & Amount & & Paid & & Rate \\ \hline Assets: & (Dollars in thousands) \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline One- to four-family loans: & & & & & & & & & & & & & & & & & \\ \hline Originated & $ & 3,971,049 & & $ & 32,422 & & 3.27 & % & & $ & 3,974,876 & & $ & 32,979 & & 3.32 & % & & $ & 3,949,489 & & $ & 35,961 & & 3.64 & % \\ \hline Correspondent purchased & & 2,035,631 & & & 12,746 & & 2.50 & & & & 2,024,372 & & & 12,942 & & 2.56 & & & & 2,064,912 & & & 12,932 & & 2.50 & \\ \hline Bulk purchased & & 170,537 & & & 610 & & 1.43 & & & & 177,233 & & & 730 & & 1.65 & & & & 205,803 & & & 1,112 & & 2.16 & \\ \hline Total one- to four-family loans & & 6,177,217 & & & 45,778 & & 2.96 & & & & 6,176,481 & & & 46,651 & & 3.02 & & & & 6,220,204 & & & 50,005 & & 3.22 & \\ \hline Commercial loans & & 841,217 & & & 8,943 & & 4.16 & & & & 811,731 & & & 9,378 & & 4.52 & & & & 770,096 & & & 9,404 & & 4.78 & \\ \hline Consumer loans & & 92,794 & & & 1,067 & & 4.56 & & & & 95,449 & & & 1,110 & & 4.61 & & & & 110,048 & & & 1,285 & & 4.65 & \\ \hline Total loans receivable(1) & & 7,111,228 & & & 55,788 & & 3.13 & & & & 7,083,661 & & & 57,139 & & 3.21 & & & & 7,100,348 & & & 60,694 & & 3.41 & \\ \hline MBS(2) & & 1,435,562 & & & 4,625 & & 1.29 & & & & 1,510,421 & & & 4,900 & & 1.30 & & & & 1,302,074 & & & 5,710 & & 1.75 & \\ \hline Investment securities(2)(3) & & 523,931 & & & 808 & & 0.62 & & & & 500,104 & & & 750 & & 0.60 & & & & 431,493 & & & 683 & & 0.63 & \\ \hline FHLB stock & & 73,481 & & & 1,231 & & 6.64 & & & & 72,699 & & & 952 & & 5.19 & & & & 85,187 & & & 1,069 & & 4.99 & \\ \hline Cash and cash equivalents & & 37,221 & & & 14 & & 0.15 & & & & 69,501 & & & 27 & & 0.15 & & & & 201,468 & & & 51 & & 0.10 & \\ \hline Total interest-earning assets & & 9,181,423 & & & 62,466 & & 2.71 & & & & 9,236,386 & & & 63,768 & & 2.75 & & & & 9,120,570 & & & 68,207 & & 2.98 & \\ \hline Other non-interest-earning assets & & 412,115 & & & & & & & 445,371 & & & & & & & 453,422 & & & & \\ \hline Total assets & $ & 9,593,538 & & & & & & $ & 9,681,757 & & & & & & $ & 9,573,992 & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Liabilities and stockholders' equity: & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & \\ \hline Checking & $ & 1,052,413 & & & 179 & & 0.07 & & & $ & 1,023,926 & & & 183 & & 0.07 & & & $ & 900,674 & & & 223 & & 0.10 & \\ \hline Savings & & 520,770 & & & 70 & & 0.05 & & & & 514,253 & & & 71 & & 0.05 & & & & 442,906 & & & 68 & & 0.06 & \\ \hline Money market & & 1,767,134 & & & 825 & & 0.19 & & & & 1,729,080 & & & 907 & & 0.21 & & & & 1,474,720 & & & 1,184 & & 0.32 & \\ \hline Retail certificates & & 2,298,678 & & & 7,835 & & 1.35 & & & & 2,374,089 & & & 8,651 & & 1.45 & & & & 2,591,007 & & & 11,794 & & 1.81 & \\ \hline Commercial certificates & & 169,200 & & & 272 & & 0.64 & & & & 204,262 & & & 352 & & 0.68 & & & & 154,829 & & & 384 & & 0.99 & \\ \hline Wholesale certificates & & 199,692 & & & 86 & & 0.17 & & & & 246,739 & & & 171 & & 0.27 & & & & 251,634 & & & 414 & & 0.66 & \\ \hline Total deposits & & 6,007,887 & & & 9,267 & & 0.61 & & & & 6,092,349 & & & 10,335 & & 0.67 & & & & 5,815,770 & & & 14,067 & & 0.96 & \\ \hline Borrowings(4) & & 1,589,258 & & & 7,585 & & 1.88 & & & & 1,582,554 & & & 7,889 & & 1.97 & & & & 1,775,380 & & & 10,327 & & 2.30 & \\ \hline Total interest-bearing liabilities & & 7,597,145 & & & 16,852 & & 0.88 & & & & 7,674,903 & & & 18,224 & & 0.94 & & & & 7,591,150 & & & 24,394 & & 1.28 & \\ \hline Non-interest-bearing deposits & & 550,492 & & & & & & & 539,575 & & & & & & & 460,190 & & & & \\ \hline Other non-interest-bearing liabilities & & 209,890 & & & & & & & 220,294 & & & & & & & 240,476 & & & & \\ \hline Stockholders' equity & & 1,236,011 & & & & & & & 1,246,985 & & & & & & & 1,282,176 & & & & \\ \hline Total liabilities and stockholders' equity & $ & 9,593,538 & & & & & & $ & 9,681,757 & & & & & & $ & 9,573,992 & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income(5) & & & $ & 45,614 & & & & & & $ & 45,544 & & & & & & $ & 43,813 & & \\ \hline Net interest-earning assets & $ & 1,584,278 & & & & & & $ & 1,561,483 & & & & & & $ & 1,529,420 & & & & \\ \hline Net interest margin(6) & & & & & 1.99 & & & & & & & 1.97 & & & & & & & 1.92 & \\ \hline Ratio of interest-earning assets to interest-bearing liabilities & & 1.21x & & & & & & 1.20x & & & & & & 1.20x \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Selected performance ratios: & & & & & & & & & & & & & & & & & \\ \hline Return on average assets (annualized) & & & & 0.93 & % & & & & & & 0.77 & % & & & & & & 0.79 & % \\ \hline Return on average equity (annualized) & & & & 7.18 & & & & & & & 5.95 & & & & & & & 5.90 & \\ \hline Average equity to average assets & & & & & 12.88 & & & & & & & 12.88 & & & & & & & 13.39 & \\ \hline Operating expense ratio(7) & & & & & 1.11 & & & & & & & 1.17 & & & & & & & 1.13 & \\ \hline Efficiency ratio(8) & & & & & 52.22 & & & & & & & 55.55 & & & & & & & 55.37 & \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Balances are adjusted for unearned loan fees and deferred costs. Loans that are 90 or more days delinquent are included in the loans receivable average balance with a yield of zero percent. \\ \hline (2) & & AFS securities are adjusted for unamortized purchase premiums or discounts. \\ \hline (3) & & The average balance of investment securities includes an average balance of nontaxable securities of $4.0 million, $4.9 million, and $9.1 million for the quarters ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (4) & & The FHLB advance amounts and rates included in this line include the effect of interest rate swaps and are net of deferred prepayment penalties. \\ \hline (5) & & Net interest income represents the difference between interest income earned on interest-earning assets and interest paid on interest-bearing liabilities. Net interest income depends on the average balance of interest-earning assets and interest-bearing liabilities, and the interest rates earned or paid on them. \\ \hline (6) & & Net interest margin represents annualized net interest income as a percentage of average interest-earning assets. \\ \hline (7) & & The operating expense ratio represents annualized non-interest expense as a percentage of average assets. \\ \hline (8) & & The efficiency ratio represents non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. \\ \hline & & \\ \hline \end{table} **Loan Portfolio** The following table presents information related to the composition of our loan portfolio in terms of dollar amounts, weighted average rates, and percentages as of the dates indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & & & & % of & & & & & & % of & & & & & & % of \\ \hline & Amount & & Rate & & Total & & Amount & & Rate & & Total & & Amount & & Rate & & Total \\ \hline & (Dollars in thousands) \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & \\ \hline Originated & $ & 3,941,568 & & & 3.15 & % & & 55.5 & % & & $ & 3,956,064 & & & 3.18 & % & & 55.8 & % & & $ & 3,946,073 & & & 3.39 & % & & 56.2 & % \\ \hline Correspondent purchased & & 1,991,944 & & & 2.97 & & & 28.0 & & & & 2,003,477 & & & 3.02 & & & 28.2 & & & & 1,974,086 & & & 3.40 & & & 28.1 & \\ \hline Bulk purchased & & 165,339 & & & 1.52 & & & 2.3 & & & & 173,662 & & & 1.65 & & & 2.4 & & & & 199,673 & & & 2.24 & & & 2.8 & \\ \hline Construction & & 47,508 & & & 2.76 & & & 0.7 & & & & 39,142 & & & 2.82 & & & 0.6 & & & & 32,871 & & & 3.22 & & & 0.5 & \\ \hline Total & & 6,146,359 & & & 3.05 & & & 86.5 & & & & 6,172,345 & & & 3.09 & & & 87.0 & & & & 6,152,703 & & & 3.36 & & & 87.6 & \\ \hline Commercial: & & & & & & & & & & & & & & & & & \\ \hline Commercial real estate & & 687,518 & & & 3.98 & & & 9.6 & & & & 676,908 & & & 4.00 & & & 9.6 & & & & 609,936 & & & 4.23 & & & 8.7 & \\ \hline Commercial and industrial & & 76,254 & & & 3.85 & & & 1.1 & & & & 66,497 & & & 3.83 & & & 0.9 & & & & 69,378 & & & 3.41 & & & 1.0 & \\ \hline Construction & & 105,702 & & & 4.04 & & & 1.5 & & & & 85,963 & & & 4.03 & & & 1.2 & & & & 84,564 & & & 3.89 & & & 1.2 & \\ \hline Total & & 869,474 & & & 3.98 & & & 12.2 & & & & 829,368 & & & 3.99 & & & 11.7 & & & & 763,878 & & & 4.12 & & & 10.9 & \\ \hline Consumer loans: & & & & & & & & & & & & & & & & & \\ \hline Home equity & & 84,400 & & & 4.59 & & & 1.2 & & & & 86,274 & & & 4.60 & & & 1.2 & & & & 97,717 & & & 4.64 & & & 1.4 & \\ \hline Other & & 7,825 & & & 4.13 & & & 0.1 & & & & 8,086 & & & 4.19 & & & 0.1 & & & & 9,328 & & & 4.40 & & & 0.1 & \\ \hline Total & & 92,225 & & & 4.55 & & & 1.3 & & & & 94,360 & & & 4.57 & & & 1.3 & & & & 107,045 & & & 4.62 & & & 1.5 & \\ \hline Total loans receivable & & 7,108,058 & & & 3.18 & & & 100.0 & % & & & 7,096,073 & & & 3.21 & & & 100.0 & % & & & 7,023,626 & & & 3.46 & & & 100.0 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Less: & & & & & & & & & & & & & & & & & \\ \hline ACL & & 17,535 & & & & & & & & 19,823 & & & & & & & & 26,125 & & & & & \\ \hline Discounts/unearned loan fees & & 29,363 & & & & & & & & 29,556 & & & & & & & & 28,825 & & & & & \\ \hline Premiums/deferred costs & & (34,445 & ) & & & & & & & (34,448 & ) & & & & & & & (35,418 & ) & & & & \\ \hline Total loans receivable, net & $ & 7,095,605 & & & & & & & $ & 7,081,142 & & & & & & & $ & 7,004,094 & & & & & \\ \hline \end{table} Loan Activity: The following table summarizes activity in the loan portfolio, along with weighted average rates where applicable, for the periods indicated, excluding changes in ACL, discounts/unearned loan fees, and premiums/deferred costs. Loans that were paid off as a result of refinances are included in repayments. Loan endorsements are not included in the activity in the following table because a new loan is not generated at the time of the endorsement. The endorsed balance and rate are included in the ending loan portfolio balance and rate. Commercial loan renewals are not included in the activity in the following table unless new funds are disbursed at the time of renewal. The renewal balance and rate are included in the ending loan portfolio balance and rate. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Amount & & Rate & & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Beginning balance & $ & 7,096,073 & & & 3.21 & % & & $ & 7,051,625 & & & 3.26 & % \\ \hline Originated and refinanced & & 258,685 & & & 3.05 & & & & 280,379 & & & 3.05 & \\ \hline Purchased and participations & & 167,216 & & & 2.80 & & & & 204,162 & & & 2.81 & \\ \hline Change in undisbursed loan funds & & (21,926 & ) & & & & & (6,656 & ) & & \\ \hline Repayments & & (391,779 & ) & & & & & (433,374 & ) & & \\ \hline Principal recoveries/(charge-offs), net & & 31 & & & & & & 4 & & & \\ \hline Other & & (242 & ) & & & & & (67 & ) & & \\ \hline Ending balance & $ & 7,108,058 & & & 3.18 & & & $ & 7,096,073 & & & 3.21 & \\ \hline \end{table} One- to Four-Family Loans: The following table presents, for our portfolio of one- to four-family loans, the amount, percent of total, weighted average credit score, weighted average loan-to-value ("LTV") ratio, and average balance per loan as of December 31, 2021. Credit scores were updated in September 2021 from a nationally recognized consumer rating agency. The LTV ratios were based on the current loan balance and either the lesser of the purchase price or original appraisal, or the most recent Bank appraisal, if available. In most cases, the most recent appraisal was obtained at the time of origination. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & % of & & Credit & & \\ \hline & Amount & & Rate & & Total & & Score & & LTV \\ \hline & (Dollars in thousands) \\ \hline Originated & $ & 3,941,568 & & 3.15 & % & & 64.6 & % & & 771 & & 61 & % \\ \hline Correspondent purchased & & 1,991,944 & & 2.97 & & & 32.7 & & & 766 & & 64 & \\ \hline Bulk purchased & & 165,339 & & 1.52 & & & 2.7 & & & 771 & & 58 & \\ \hline & $ & 6,098,851 & & 3.05 & & & 100.0 & % & & 769 & & 62 & \\ \hline \end{table} The following table presents originated and correspondent purchased activity in our one- to four-family loan portfolio, excluding endorsement activity, along with associated weighted average rates, weighted average LTVs and weighted average credit scores for the three months ended December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & Credit \\ \hline & Amount & & Rate & & LTV & & Score \\ \hline & (Dollars in thousands) \\ \hline Originated & $ & 194,107 & & 2.75 & % & & 70 & % & & 764 \\ \hline Correspondent purchased & & 130,553 & & 2.65 & & & 72 & & & 775 \\ \hline & $ & 324,660 & & 2.71 & & & 71 & & & 769 \\ \hline \end{table} The following table summarizes our one- to four-family loan origination and refinance commitments and one- to four-family correspondent loan purchase commitments as of December 31, 2021, along with associated weighted average rates. \begin{table}{|c|c|c|c|c|c|} \hline & Amount & & Rate \\ \hline & (Dollars in thousands) \\ \hline Originate/refinance & $ & 84,954 & & 2.85 & % \\ \hline Correspondent & & 66,225 & & 2.63 & \\ \hline & $ & 151,179 & & 2.75 & \\ \hline \end{table} Commercial Loans: During the current quarter, the Bank originated $49.2 million of commercial loans and entered into commercial loan participations totaling $36.7 million. The Bank also processed commercial loan disbursements, excluding lines of credit, of approximately $70.6 million at a weighted average rate of 3.89%.The following table presents the Bank's commercial real estate and commercial construction loans and loan commitments by type of primary collateral, as of December 31, 2021. Because the commitments to pay out undisbursed funds are not cancellable by the Bank, unless the loan is in default, we generally anticipate fully funding the related projects. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & Unpaid & & Undisbursed & & Gross Loan & & Outstanding & & & & % of \\ \hline & Count & & Principal & & Amount & & Amount & & Commitments & & Total & & Total \\ \hline & & & (Dollars in thousands) \\ \hline Senior housing & 34 & & $ & 237,020 & & & $ & 58,909 & & & $ & 295,929 & & & $ & — & & & $ & 295,929 & & & 27.6 & % \\ \hline Retail building & 140 & & & 170,725 & & & & 44,868 & & & & 215,593 & & & & 4,750 & & & & 220,343 & & & 20.5 & \\ \hline Hotel & 11 & & & 136,717 & & & & 51,755 & & & & 188,472 & & & & 6,300 & & & & 194,772 & & & 18.2 & \\ \hline Office building & 93 & & & 49,717 & & & & 60,134 & & & & 109,851 & & & & 1,420 & & & & 111,271 & & & 10.4 & \\ \hline Multi-family & 37 & & & 55,681 & & & & 10,158 & & & & 65,839 & & & & 6,503 & & & & 72,342 & & & 6.7 & \\ \hline One- to four-family property & 397 & & & 61,599 & & & & 7,693 & & & & 69,292 & & & & 1,716 & & & & 71,008 & & & 6.6 & \\ \hline Single use building & 26 & & & 47,639 & & & & 4,832 & & & & 52,471 & & & & 15,750 & & & & 68,221 & & & 6.4 & \\ \hline Other & 101 & & & 34,122 & & & & 3,765 & & & & 37,887 & & & & 230 & & & & 38,117 & & & 3.6 & \\ \hline & 839 & & $ & 793,220 & & & $ & 242,114 & & & $ & 1,035,334 & & & $ & 36,669 & & & $ & 1,072,003 & & & 100.0 & % \\ \hline Weighted average rate & & & & 3.99 & % & & & 3.92 & % & & & 3.97 & % & & & 4.18 & % & & & 3.98 & % & & \\ \hline \end{table} The following table summarizes the Bank's commercial real estate and commercial construction loans and loan commitments by state as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & Unpaid & & Undisbursed & & Gross Loan & & Outstanding & & & & % of \\ \hline & Count & & Principal & & Amount & & Amount & & Commitments & & Total & & Total \\ \hline & & & (Dollars in thousands) \\ \hline Kansas & 639 & & $ & 335,579 & & $ & 50,753 & & $ & 386,332 & & $ & 9,996 & & $ & 396,328 & & 37.0 & % \\ \hline Texas & 12 & & & 138,982 & & & 130,790 & & & 269,772 & & & 3,350 & & & 273,122 & & 25.5 & \\ \hline Missouri & 163 & & & 221,409 & & & 18,534 & & & 239,943 & & & 21,823 & & & 261,766 & & 24.4 & \\ \hline Colorado & 6 & & & 17,438 & & & 18,114 & & & 35,552 & & & — & & & 35,552 & & 3.3 & \\ \hline Arkansas & 3 & & & 15,414 & & & 18,262 & & & 33,676 & & & — & & & 33,676 & & 3.1 & \\ \hline Nebraska & 6 & & & 33,366 & & & 4 & & & 33,370 & & & — & & & 33,370 & & 3.1 & \\ \hline Other & 10 & & & 31,032 & & & 5,657 & & & 36,689 & & & 1,500 & & & 38,189 & & 3.6 & \\ \hline & 839 & & $ & 793,220 & & $ & 242,114 & & $ & 1,035,334 & & $ & 36,669 & & $ & 1,072,003 & & 100.0 & % \\ \hline \end{table} The following table presents the Bank's commercial loan portfolio and outstanding loan commitments, categorized by gross loan amount (unpaid principal plus undisbursed amounts) or outstanding loan commitment amount, as of December 31, 2021. \begin{table}{|c|c|c|c|c|} \hline & Count & & Amount \\ \hline & (Dollars in thousands) \\ \hline Greater than $30 million & 4 & & $ & 178,756 \\ \hline >$15 to $30 million & 16 & & & 361,649 \\ \hline >$10 to $15 million & 7 & & & 84,921 \\ \hline >$5 to $10 million & 17 & & & 107,297 \\ \hline $1 to $5 million & 113 & & & 255,218 \\ \hline Less than $1 million & 1,270 & & & 190,396 \\ \hline & 1,427 & & $ & 1,178,237 \\ \hline \end{table} As of December 31, 2021 and September 30, 2021, there were commercial loans with an aggregate gross balance, including undisbursed amounts, of $143.5 million and $146.4 million, respectively, with modifications under the Bank's program to support and provide relief to borrowers during the COVID-19 pandemic ("COVID-19 loan modifications") that were still in their deferral period. **Asset Quality** The following tables present loans 30 to 89 days delinquent, non-performing loans, and other real estate owned ("OREO") as of the dates indicated. Loans subject to payment forbearance under the Bank's COVID-19 loan modification program are not reported as delinquent during the forbearance time period. Of the loans 30 to 89 days delinquent at December 31, 2021, approximately 73% were 59 days or less delinquent. Nonaccrual loans are loans that are 90 or more days delinquent or in foreclosure and other loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies, even if the loans are current. Non-performing assets include nonaccrual loans and OREO. Of the one- to four-family COVID-19 loan modifications that had completed the deferral period by December 31, 2021, $5.7 million were 30 to 89 days delinquent and $2.3 million were 90 or more days delinquent as of December 31, 2021. In late March 2020, the Bank suspended the initiation of foreclosure proceedings for owner-occupied one- to four-family loans. At December 31, 2021, there were $5.5 million of non-performing one- to four-family loans for which foreclosure proceedings either had been initiated prior to the foreclosure suspension or would have been initiated if the foreclosure suspension were not in place. The foreclosure suspension was lifted in January 2022 resulting in foreclosure proceedings continuing or starting on a portion of the $5.5 million of such loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Loans Delinquent for 30 to 89 Days at: \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount \\ \hline & (Dollars in thousands) \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 74 & & $ & 7,009 & & & 48 & & $ & 4,156 & & & 51 & & $ & 5,141 & & & 45 & & $ & 4,151 & & & 62 & & $ & 5,844 & \\ \hline Correspondent purchased & 11 & & & 5,133 & & & 7 & & & 2,590 & & & 9 & & & 3,650 & & & 9 & & & 2,910 & & & 13 & & & 4,694 & \\ \hline Bulk purchased & 1 & & & 154 & & & 4 & & & 541 & & & 6 & & & 958 & & & 5 & & & 352 & & & 9 & & & 1,750 & \\ \hline Commercial & 2 & & & 222 & & & 2 & & & 37 & & & 1 & & & 35 & & & 5 & & & 806 & & & 8 & & & 1,047 & \\ \hline Consumer & 16 & & & 164 & & & 25 & & & 498 & & & 25 & & & 354 & & & 17 & & & 287 & & & 30 & & & 515 & \\ \hline & 104 & & $ & 12,682 & & & 86 & & $ & 7,822 & & & 92 & & $ & 10,138 & & & 81 & & $ & 8,506 & & & 122 & & $ & 13,850 & \\ \hline 30 to 89 days delinquent loans & & & & & & & & & & & & & & & & & & & \\ \hline to total loans receivable, net & & & & 0.18 & % & & & & & 0.11 & % & & & & & 0.14 & % & & & & & 0.12 & % & & & & & 0.20 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Non-Performing Loans and OREO at: \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount & & Number & & Amount \\ \hline & (Dollars in thousands) \\ \hline Loans 90 or More Days Delinquent or in Foreclosure: & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 48 & & $ & 3,943 & & & 50 & & $ & 3,693 & & & 53 & & $ & 3,696 & & & 55 & & $ & 4,433 & & & 51 & & $ & 4,370 & \\ \hline Correspondent purchased & 10 & & & 3,115 & & & 10 & & & 3,210 & & & 12 & & & 4,230 & & & 10 & & & 3,749 & & & 9 & & & 3,371 & \\ \hline Bulk purchased & 6 & & & 1,945 & & & 9 & & & 2,974 & & & 7 & & & 2,596 & & & 10 & & & 3,172 & & & 13 & & & 3,724 & \\ \hline Commercial & 6 & & & 1,170 & & & 6 & & & 1,214 & & & 7 & & & 1,278 & & & 6 & & & 1,068 & & & 5 & & & 820 & \\ \hline Consumer & 25 & & & 477 & & & 21 & & & 498 & & & 23 & & & 445 & & & 26 & & & 531 & & & 26 & & & 473 & \\ \hline & 95 & & & 10,650 & & & 96 & & & 11,589 & & & 102 & & & 12,245 & & & 107 & & & 12,953 & & & 104 & & & 12,758 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Loans 90 or more days delinquent or in foreclosure as a percentage of total loans & & & & 0.15 & % & & & & & 0.16 & % & & & & & 0.17 & % & & & & & 0.19 & % & & & & & 0.18 & % \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Nonaccrual loans less than 90 Days Delinquent:(1) & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated & 5 & & $ & 451 & & & 7 & & $ & 1,288 & & & 7 & & $ & 1,392 & & & 9 & & $ & 1,646 & & & 9 & & $ & 968 & \\ \hline Correspondent purchased & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & & & — & \\ \hline Bulk purchased & — & & & — & & & 1 & & & 131 & & & 1 & & & 131 & & & — & & & — & & & — & & & — & \\ \hline Commercial & 3 & & & 62 & & & 4 & & & 419 & & & 3 & & & 403 & & & 4 & & & 642 & & & 3 & & & 411 & \\ \hline Consumer & — & & & — & & & 1 & & & 9 & & & — & & & — & & & — & & & — & & & 1 & & & 9 & \\ \hline & 8 & & & 513 & & & 13 & & & 1,847 & & & 11 & & & 1,926 & & & 13 & & & 2,288 & & & 13 & & & 1,388 & \\ \hline Total nonaccrual loans & 103 & & & 11,163 & & & 109 & & & 13,436 & & & 113 & & & 14,171 & & & 120 & & & 15,241 & & & 117 & & & 14,146 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Nonaccrual loans as a percentage of total loans & & & & 0.16 & % & & & & & 0.19 & % & & & & & 0.20 & % & & & & & 0.22 & % & & & & & 0.20 & % \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline OREO: & & & & & & & & & & & & & & & & & & & \\ \hline One- to four-family: & & & & & & & & & & & & & & & & & & & \\ \hline Originated(2) & 2 & & $ & 319 & & & 3 & & $ & 170 & & & 3 & & $ & 177 & & & 2 & & $ & 105 & & & 3 & & $ & 129 & \\ \hline Total non-performing assets & 105 & & $ & 11,482 & & & 112 & & $ & 13,606 & & & 116 & & $ & 14,348 & & & 122 & & $ & 15,346 & & & 120 & & $ & 14,275 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline Non-performing assets as a percentage of total assets & & & & 0.12 & % & & & & & 0.14 & % & & & & & 0.15 & % & & & & & 0.16 & % & & & & & 0.15 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies even if the loans are current. \\ \hline (2) & & Real estate-related consumer loans where we also hold the first mortgage are included in the one- to four-family category as the underlying collateral is one- to four-family property. \\ \hline & & \\ \hline \end{table} The following table presents loans classified as special mention or substandard at the dates presented. The decrease in commercial special mention loans at December 31, 2021 compared to September 30, 2021 was due mainly to two commercial loans moving to the pass classification during the current quarter as the underlying economic considerations being monitored by management improved to levels deemed appropriate by the Company. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 \\ \hline & Special Mention & & Substandard & & Special Mention & & Substandard \\ \hline & (Dollars in thousands) \\ \hline One- to four-family & $ & 12,971 & & $ & 21,835 & & $ & 14,332 & & $ & 23,458 \\ \hline Commercial & & 47,093 & & & 3,362 & & & 99,729 & & & 3,259 \\ \hline Consumer & & 321 & & & 676 & & & 135 & & & 718 \\ \hline & $ & 60,385 & & $ & 25,873 & & $ & 114,196 & & $ & 27,435 \\ \hline \end{table} Allowance for Credit Losses: The Bank is utilizing a discounted cash flow approach for estimating expected credit losses for pooled loans and loan commitments. Management applied qualitative factors at December 31, 2021 to account for the continued economic uncertainties, along with the balance and trending of large-dollar special mention commercial loans, and commercial loan COVID-19 modifications. The economic uncertainties were related to (1) the job market, the unemployment rate and labor participation rate and how the significant federal assistance may be impacting those measures and (2) the unevenness of the recovery in certain industries in which the Bank has lending relationships.The following table presents a summary of changes in ACL and reserve for off-balance sheet credit exposures occurring during the quarter ended December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & ACL & & Reserve for off- balance sheet credit exposures & & ACL and Reserve for off- balance sheet credit exposures \\ \hline & (Dollars in thousands) \\ \hline Balance at September 30, 2021 & $ & 19,823 & & & $ & 5,743 & & & $ & 25,566 & \\ \hline Charge-offs & & (15 & ) & & & — & & & & (15 & ) \\ \hline Recoveries & & 46 & & & & — & & & & 46 & \\ \hline Net recoveries & & 31 & & & & — & & & & 31 & \\ \hline Provision for credit losses & & (2,319 & ) & & & (1,120 & ) & & & (3,439 & ) \\ \hline Balance at December 31, 2021 & $ & 17,535 & & & $ & 4,623 & & & $ & 22,158 & \\ \hline \end{table} The negative provision for credit losses associated with the ACL was primarily due to a reduction in the large-dollar special mention commercial loan qualitative factor due to two large-dollar special mention commercial loans moving to the pass classification during the current quarter, as discussed above. Additionally, economic conditions continued to improve during the current quarter, so the economic uncertainty qualitative factor for commercial loans decreased during the current quarter. The negative provision for credit losses for off-balance sheet credit exposures was mainly related to a reduction in the commercial loan economic uncertainty qualitative factor, also due to the improved economic conditions during the current quarter.The following tables present ACL activity and related ratios at the dates and for the periods indicated. \begin{table}{|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & (Dollars in thousands) \\ \hline Balance at beginning of period & $ & 19,823 & & & $ & 20,724 & \\ \hline Charge-offs: & & & & & \\ \hline One- to four-family & & (4 & ) & & & (22 & ) \\ \hline Commercial & & (10 & ) & & & — & \\ \hline Consumer & & (1 & ) & & & (4 & ) \\ \hline Total charge-offs & & (15 & ) & & & (26 & ) \\ \hline Recoveries: & & & & & \\ \hline One- to four-family & & 9 & & & & 4 & \\ \hline Commercial & & 36 & & & & 12 & \\ \hline Consumer & & 1 & & & & 14 & \\ \hline Total recoveries & & 46 & & & & 30 & \\ \hline Net recoveries (charge-offs) & & 31 & & & & 4 & \\ \hline Provision for credit losses & & (2,319 & ) & & & (905 & ) \\ \hline Balance at end of period & $ & 17,535 & & & $ & 19,823 & \\ \hline & & & & & \\ \hline Ratio of net charge-offs during the period to average loans outstanding during the period & & — & % & & & — & % \\ \hline Ratio of net charge-offs (recoveries) during the period to average non-performing assets & & (0.25 & ) & & & (0.03 & ) \\ \hline ACL to non-performing loans at end of period & & 157.08 & & & & 147.54 & \\ \hline ACL to loans receivable at end of period & & 0.25 & & & & 0.28 & \\ \hline ACL to net charge-offs (annualized) & N/M & (1) & & N/M & (1) \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & This ratio is not presented due to loan recoveries exceeding loan charge-offs during the period. \\ \hline & & \\ \hline \end{table} The distribution of our ACL and the ratio of ACL to loans receivable, by loan type, at the dates indicated is summarized below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Distribution of ACL & & Ratio of ACL to Loans Receivable \\ \hline & December 31, & & September 30, & & December 31, & & September 30, \\ \hline & 2021 & & 2021 & & 2021 & & 2021 \\ \hline & (Dollars in thousands) & & & & \\ \hline One- to four-family: & & & & & & & \\ \hline Originated & $ & 1,611 & & $ & 1,590 & & 0.04 & % & & 0.04 & % \\ \hline Correspondent purchased & & 2,082 & & & 2,062 & & 0.10 & & & 0.10 & \\ \hline Bulk purchased & & 268 & & & 304 & & 0.16 & & & 0.18 & \\ \hline Construction & & 28 & & & 22 & & 0.06 & & & 0.06 & \\ \hline Total & & 3,989 & & & 3,978 & & 0.06 & & & 0.06 & \\ \hline Commercial: & & & & & & & \\ \hline Commercial real estate & & 11,257 & & & 13,706 & & 1.64 & & & 2.02 & \\ \hline Commercial and industrial & & 376 & & & 344 & & 0.49 & & & 0.52 & \\ \hline Construction & & 1,720 & & & 1,602 & & 1.63 & & & 1.86 & \\ \hline Total & & 13,353 & & & 15,652 & & 1.54 & & & 1.89 & \\ \hline Consumer & & 193 & & & 193 & & 0.21 & & & 0.20 & \\ \hline Total & $ & 17,535 & & $ & 19,823 & & 0.25 & & & 0.28 & \\ \hline \end{table} **Securities Portfolio** The following table presents the distribution of our securities portfolio, at amortized cost, at December 31, 2021. Overall, fixed-rate securities comprised 94% of our securities portfolio at December 31, 2021. The weighted average life ("WAL") is the estimated remaining maturity (in years) after three-month historical prepayment speeds and projected call option assumptions have been applied. Weighted average yields on tax-exempt securities are not calculated on a fully tax-equivalent basis. \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Amount & & Yield & & WAL \\ \hline & (Dollars in thousands) \\ \hline MBS & $ & 1,375,711 & & 1.36 & % & & 3.5 \\ \hline U.S. government-sponsored enterprise debentures & & 519,972 & & 0.61 & & & 3.6 \\ \hline Municipal bonds & & 3,344 & & 1.86 & & & 0.1 \\ \hline Total securities portfolio & $ & 1,899,027 & & 1.15 & & & 3.5 \\ \hline \end{table} The following table summarizes the activity in our securities portfolio for the period presented. The weighted average yields for the beginning and ending balances are as of the first and last days of the period presented and are generally derived from recent prepayment activity on the securities in the portfolio. The beginning and ending WALs are the estimated remaining principal repayment terms (in years) after three-month historical prepayment speeds have been applied. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 \\ \hline & Amount & & Yield & & WAL \\ \hline & (Dollars in thousands) \\ \hline Beginning balance - carrying value & $ & 2,014,608 & & & 1.16 & % & & 3.5 \\ \hline Maturities and repayments & & (107,665 & ) & & & & \\ \hline Net amortization of (premiums)/discounts & & (1,764 & ) & & & & \\ \hline Change in valuation on AFS securities & & (14,526 & ) & & & & \\ \hline Ending balance - carrying value & $ & 1,890,653 & & & 1.16 & & & 3.5 \\ \hline \end{table} **Deposit Portfolio** The following table presents the amount, weighted average rate, and percent of total for the components of our deposit portfolio at the dates presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & & & & % of & & & & & & % of & & & & & & % of \\ \hline & Amount & & Rate & & Total & & Amount & & Rate & & Total & & Amount & & Rate & & Total \\ \hline & (Dollars in thousands) \\ \hline Non-interest-bearing checking & $ & 599,969 & & — & % & & 9.0 & % & & $ & 543,849 & & — & % & & 8.2 & % & & $ & 494,375 & & — & % & & 7.7 & % \\ \hline Interest-bearing checking & & 1,092,342 & & 0.07 & & & 16.4 & & & & 1,037,362 & & 0.07 & & & 15.7 & & & & 953,927 & & 0.08 & & & 14.9 & \\ \hline Savings & & 526,714 & & 0.05 & & & 7.9 & & & & 519,069 & & 0.05 & & & 7.9 & & & & 455,633 & & 0.06 & & & 7.1 & \\ \hline Money market & & 1,840,049 & & 0.19 & & & 27.7 & & & & 1,753,525 & & 0.19 & & & 26.6 & & & & 1,488,749 & & 0.31 & & & 23.2 & \\ \hline Retail certificates of deposit & & 2,254,560 & & 1.31 & & & 33.9 & & & & 2,341,531 & & 1.41 & & & 35.5 & & & & 2,570,135 & & 1.75 & & & 40.1 & \\ \hline Commercial certificates of deposit & & 137,419 & & 0.64 & & & 2.1 & & & & 190,215 & & 0.66 & & & 2.9 & & & & 207,813 & & 0.83 & & & 3.2 & \\ \hline Public unit certificates of deposit & & 196,951 & & 0.17 & & & 3.0 & & & & 211,845 & & 0.21 & & & 3.2 & & & & 240,210 & & 0.64 & & & 3.8 & \\ \hline & $ & 6,648,004 & & 0.53 & & & 100.0 & % & & $ & 6,597,396 & & 0.59 & & & 100.0 & % & & $ & 6,410,842 & & 0.84 & & & 100.0 & % \\ \hline \end{table} **Borrowings** The following table presents the maturity of term borrowings, which consist entirely of FHLB advances, along with associated weighted average contractual and effective rates as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Term Borrowings Amount & & & & \\ \hline Maturity by & & FHLB & & Interest rate & & Contractual & & Effective \\ \hline Fiscal Year & & Advances & & swaps(1) & & Rate & & Rate(2) \\ \hline & & (Dollars in thousands) & & & \\ \hline 2022 & & $ & 75,000 & & $ & — & & 0.29 & % & & 0.29 & % \\ \hline 2023 & & & 300,000 & & & — & & 1.70 & & & 1.81 & \\ \hline 2024 & & & 150,000 & & & 165,000 & & 1.32 & & & 2.46 & \\ \hline 2025 & & & 300,000 & & & 100,000 & & 1.33 & & & 2.09 & \\ \hline 2026 & & & 250,000 & & & — & & 0.96 & & & 1.27 & \\ \hline 2027 & & & 150,000 & & & — & & 0.93 & & & 1.24 & \\ \hline 2028 & & & — & & & 100,000 & & 0.56 & & & 3.44 & \\ \hline & & $ & 1,225,000 & & $ & 365,000 & & 1.20 & & & 1.90 & \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Represents adjustable-rate FHLB advances for which the Bank has entered into interest rate swaps with a notional amount of $365.0 million to hedge the variability in cash flows associated with the advances. These advances are presented based on their contractual maturity dates and will be renewed periodically until the maturity or termination of the interest rate swaps. The expected WAL of the interest rate swaps was 3.8 years at December 31, 2021. \\ \hline (2) & & The effective rate includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. \\ \hline & & \\ \hline \end{table} The following table presents borrowing activity for the period shown. The borrowings presented in the table have original contractual terms of one year or longer or are tied to interest rate swaps with original contractual terms of one year or longer. The effective rate is shown as a weighted average and includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The weighted average maturity ("WAM") is the remaining weighted average contractual term in years and includes the impact of interest rate swaps. The beginning and ending WAMs represent the remaining maturity at each date presented. For new borrowings, the WAMs presented are as of the date of issue. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & For the Three Months Ended \\ \hline & December 31, 2021 \\ \hline & & & Effective & & \\ \hline & Amount & & Rate & & WAM \\ \hline & (Dollars in thousands) \\ \hline Beginning balance & $ & 1,590,000 & & & 1.88 & % & & 3.3 \\ \hline Maturities and prepayments & & (100,000 & ) & & 3.14 & & & \\ \hline New FHLB borrowings & & 100,000 & & & 3.44 & & & 6.5 \\ \hline Ending balance & $ & 1,590,000 & & & 1.90 & & & 3.1 \\ \hline \end{table} **Maturities of Interest-Bearing Liabilities** The following table presents the maturity and weighted average repricing rate, which is also the weighted average effective rate, of certificates of deposit, split between retail/commercial and public unit amounts, and term borrowings for the next four quarters as of December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & March 31, & & June 30, & & September 30, & & December 31, & & \\ \hline & & 2022 & & & & 2022 & & & & 2022 & & & & 2022 & & & Total \\ \hline & (Dollars in thousands) \\ \hline Retail/Commercial Certificates: & & & & & & & & \\ \hline Amount & $ & 335,106 & & & $ & 372,663 & & & $ & 425,009 & & & $ & 314,564 & & & $ & 1,447,342 & \\ \hline Repricing Rate & & 1.12 & % & & & 1.01 & % & & & 1.39 & % & & & 1.24 & % & & & 1.20 & % \\ \hline Public Unit Certificates: & & & & & & & & & \\ \hline Amount & $ & 83,428 & & & $ & 66,181 & & & $ & 29,003 & & & $ & 5,000 & & & $ & 183,612 & \\ \hline Repricing Rate & & 0.25 & % & & & 0.11 & % & & & 0.09 & % & & & 0.10 & % & & & 0.17 & % \\ \hline Term Borrowings:(1) & & & & & & & & & \\ \hline Amount & $ & — & & & $ & — & & & $ & 75,000 & & & $ & — & & & $ & 75,000 & \\ \hline Repricing Rate & & — & % & & & — & % & & & 0.29 & % & & & — & % & & & 0.29 & % \\ \hline Total & & & & & & & & & \\ \hline Amount & $ & 418,534 & & & $ & 438,844 & & & $ & 529,012 & & & $ & 319,564 & & & $ & 1,705,954 & \\ \hline Repricing Rate & & 0.94 & % & & & 0.88 & % & & & 1.17 & % & & & 1.22 & % & & & 1.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & The maturity date for FHLB advances tied to interest rate swaps is based on the maturity date of the related interest rate swap \\ \hline & & \\ \hline \end{table} The following table sets forth the WAM information for our certificates of deposit, in years, as of December 31, 2021. \begin{table}{|c|c|c|} \hline Retail certificates of deposit & & 1.2 \\ \hline Commercial certificates of deposit & & 0.5 \\ \hline Public unit certificates of deposit & & 0.4 \\ \hline Total certificates of deposit & & 1.1 \\ \hline \end{table} **Average Rates and Lives** At December 31, 2021, the Bank's gap between the amount of interest-earning assets and interest-bearing liabilities projected to reprice within one year was $(928.0) million, or (9.7)% of total assets, compared to $(664.1) million, or (6.9)% of total assets, at September 30, 2021. The change in the one-year gap amount was due primarily to an increase in the amount of non-maturity deposits projected to reprice within one year at December 31, 2021 compared to September 30, 2021. In addition, the amount of assets projected to reprice decreased due to higher interest rates, which resulted in slower prepay projections on the Bank's mortgage-related assets at December 31, 2021 compared to September 30, 2021.The majority of interest-earning assets anticipated to reprice in the coming year are repayments and prepayments on one- to four-family loans and mortgage-backed securities, both of which include the option to prepay without a fee being paid by the contract holder. The amount of interest-bearing liabilities expected to reprice in a given period is not typically significantly impacted by changes in interest rates, because the Bank's borrowings and certificate of deposit portfolios have contractual maturities and generally cannot be terminated early without a prepayment penalty. If interest rates were to increase 200 basis points, as of December 31, 2021, the Bank's one-year gap is projected to be $(1.44) billion, or (15.0)% of total assets. The change in the gap compared to when there is no change in rates is due to lower anticipated net cash flows primarily due to lower repayments on mortgage-related assets in the higher rate environment. This compares to a one-year gap of $(1.29) billion, or (13.4)% of total assets, if interest rates were to have increased 200 basis points as of September 30, 2021.The following table presents the weighted average yields/rates and WALs (in years), after applying prepayment, call assumptions, and decay rates for our interest-earning assets and interest-bearing liabilities as of December 31, 2021. Yields presented for interest-earning assets include the amortization of fees, costs, premiums and discounts, which are considered adjustments to the yield. The interest rate presented for term borrowings is the effective rate, which includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The WAL presented for term borrowings includes the effect of interest rate swaps. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Amount & & Yield/Rate & & WAL & & % of Category & & % of Total \\ \hline & (Dollars in thousands) \\ \hline Securities & $ & 1,890,653 & & 1.15 & % & & 4.0 & & & & 20.5 & % \\ \hline Loans receivable: & & & & & & & & & \\ \hline Fixed-rate one- to four-family & & 5,563,567 & & 3.11 & & & 5.6 & & 78.3 & % & & 60.4 & \\ \hline Fixed-rate commercial & & 454,400 & & 4.15 & & & 3.6 & & 6.4 & & & 4.9 & \\ \hline All other fixed-rate loans & & 59,954 & & 3.52 & & & 6.7 & & 0.9 & & & 0.7 & \\ \hline Total fixed-rate loans & & 6,077,921 & & 3.19 & & & 5.5 & & 85.6 & & & 66.0 & \\ \hline Adjustable-rate one- to four-family & & 535,284 & & 2.39 & & & 4.1 & & 7.5 & & & 5.8 & \\ \hline Adjustable-rate commercial & & 415,074 & & 4.07 & & & 7.2 & & 5.8 & & & 4.5 & \\ \hline All other adjustable-rate loans & & 79,779 & & 4.23 & & & 2.5 & & 1.1 & & & 0.9 & \\ \hline Total adjustable-rate loans & & 1,030,137 & & 3.21 & & & 5.2 & & 14.4 & & & 11.2 & \\ \hline Total loans receivable & & 7,108,058 & & 3.19 & & & 5.4 & & 100.0 & % & & 77.2 & \\ \hline FHLB stock & & 75,261 & & 6.56 & & & 3.1 & & & & 0.8 & \\ \hline Cash and cash equivalents & & 135,475 & & 0.12 & & & — & & & & 1.5 & \\ \hline Total interest-earning assets & $ & 9,209,447 & & 2.75 & & & 5.0 & & & & 100.0 & % \\ \hline & & & & & & & & & \\ \hline Non-maturity deposits & $ & 3,459,105 & & 0.13 & & & 5.6 & & 57.2 & % & & 45.3 & % \\ \hline Retail certificates of deposit & & 2,254,560 & & 1.31 & & & 1.2 & & 37.3 & & & 29.5 & \\ \hline Commercial certificates of deposit & & 137,419 & & 0.64 & & & 0.5 & & 2.3 & & & 1.8 & \\ \hline Public unit certificates of deposit & & 196,951 & & 0.17 & & & 0.4 & & 3.2 & & & 2.6 & \\ \hline Total deposits & & 6,048,035 & & 0.58 & & & 3.7 & & 100.0 & % & & 79.2 & \\ \hline Term borrowings & & 1,590,000 & & 1.90 & & & 3.1 & & & & 20.8 & \\ \hline Total interest-bearing liabilities & $ & 7,638,035 & & 0.86 & & & 3.5 & & & & 100.0 & % \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005032r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005032/en/](https://www.businesswire.com/news/home/20220128005032/en/) Kent Townsend Executive Vice President, Chief Financial Officer and Treasurer (785) 231-6360 [[email protected]](mailto:[email protected]) Investor Relations (785) 270-6055 [[email protected]](mailto:[email protected]) Source: Capitol Federal Financial, Inc.
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: HAFC
Security: Hanmi Financial Corporation
Related Stocks/Topics: Technology|KEY|SFBS
Title: Best Momentum Stocks to Buy for January 28th
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 28th:**ServisFirst Bancshares** [SFBS](https://www.nasdaq.com/market-activity/stocks/sfbs): This bank holding company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. **ServisFirst Bancshares, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart)[ServisFirst Bancshares, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs) ServisFirst Bancshares’ shares gained 3.2% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **ServisFirst Bancshares, Inc. Price** [](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price)[ServisFirst Bancshares, Inc. price](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs)**Hanmi Financial** [HAFC](https://www.nasdaq.com/market-activity/stocks/hafc): This holding company for Hanmi Bank, one of the leading banks providing services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **Hanmi Financial Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart)[Hanmi Financial Corporation price-consensus-chart](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc) Hanmi Financial’s shares gained 19.6% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A. **Hanmi Financial Corporation Price** [](https://www.zacks.com/stock/chart/HAFC/fundamental/price?icid=chart-HAFC-fundamental/price)[Hanmi Financial Corporation price](https://www.zacks.com/stock/chart/HAFC/fundamental/price?icid=chart-HAFC-fundamental/price) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) KeyCorp’s shares gained 6.1% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A. **KeyCorp Price** [](https://www.zacks.com/stock/chart/KEY/fundamental/price?icid=chart-KEY-fundamental/price)[KeyCorp price](https://www.zacks.com/stock/chart/KEY/fundamental/price?icid=chart-KEY-fundamental/price) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here.](https://www.zacks.com/education/stock-scorecard/momentum-trading)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_267_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Hanmi Financial Corporation (HAFC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HAFC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [ServisFirst Bancshares, Inc. (SFBS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SFBS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858991/best-momentum-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 25.0375
Stock Price 2 days before: 27.9812
Stock Price 1 day before: 27.2141
Stock Price at release: 26.4704
Risk-Free Rate at release: 0.0004
| 25.9836 |
Broader Economic Information:
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Celanese (CE) Q4 Earnings Miss, Revenues Beat Estimates
Article: **Celanese Corporation** [CE](https://www.nasdaq.com/market-activity/stocks/ce) logged earnings from continuing operations of $4.83 per share in fourth-quarter 2021, down from $12.50 in the year-ago quarter.Barring one-time items, adjusted earnings were $4.91 per share, up from $2.09 in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $5.05. Revenues of $2,275 million increased 43% year over year and beat the Zacks Consensus Estimate of $2,241.5 million. **Celanese Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart)[Celanese Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart) | [Celanese Corporation Quote](https://www.nasdaq.com/market-activity/stocks/ce)******Segment Review** Net sales in the Engineered Materials unit were $707 million in the fourth quarter, up 23.6% year over year. The segment witnessed record net sales in the quarter on the back of pricing increase. Volumes dropped 1% while pricing rose 5% sequentially. The business continued to offset the majority of raw material, energy and logistics cost inflation which led to higher costs of roughly $60 million sequentially.The Acetyl Chain segment posted net sales of $1,476 million, up 62.2% year over year. The segment witnessed a 10% sequential increase in prices and a decline in volume. The business shifted more volume to the Western Hemisphere in the wake of the ongoing moderation in acetic acid and VAM industry pricing in China. Higher pricing in the reported quarter more than offset roughly $60 million in raw material, energy and logistics cost inflation from the previous quarter.Net sales in the Acetate Tow segment were $129 million, down 3.7% year over year. The company witnessed a slight increase in pricing and stable volume in the segment on a sequential-comparison basis. **FY21 Results** Earnings for full-year 2021 were $17.06 per share compared with earnings of $16.85 per share a year ago. Net sales rose around 51% year over year to $8,537 million. **Financials** Celanese ended 2021 with cash and cash equivalents of $536 million, down 43.9% year over year. The long-term debt inched down 1.6% year over year to $3,176 million.Celanese generated an operating cash flow of $1.8 billion and a free cash flow of $1.3 billion in 2021. Capital expenditures amounted to $467 million.The company also returned $1.3 billion to shareholders through dividend payouts and share repurchases during the year. **Outlook** Celanese stated that the early 2022 order book reflects strong demand for its products across most end markets. It continues to monitor the impact of Covid-19 variants on demand conditions. However, the constant inflationary and volatile supply chain environment remains its biggest challenge. It forecasts sequential margin expansion in first-quarter 2022 in its downstream businesses, led by Engineered Materials. The upside will likely offset the anticipated moderation in Acetyl Chain pricing conditions and boost expected first-quarter adjusted earnings of $4.30-$4.60 per share. With a strong start to 2022, the company is optimistic about its ability to achieve adjusted earnings of at least $15.00 per share in 2022, the company noted. **Price Performance** Celanese’s shares have gained 31.1% in the past year against a 6.3% decline of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-specialty-37). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/2e/16809.jpg?v=1168380862) Image Source: Zacks Investment Research** Zacks Rank & Other Key Picks** Celanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space are **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb), **Nutrien Ltd.** [NTR](https://www.nasdaq.com/market-activity/stocks/ntr) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix).Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 51.3% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 5.4% upward in the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 22.1%. ALB has rallied around 26.3% over a year. Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 53.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 17.4% upward in the past 60 days.Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 40.9% in a year.AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s earnings for the current year has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 46.9%. ASIX has surged 95.3% over a year. ASIX sports a Zacks Rank #1. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Celanese Corporation (CE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Nutrien Ltd. (NTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859117/celanese-ce-q4-earnings-miss-revenues-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Community West Bancshares Reports Fourth Quarter Earnings of $2.9 Million, or $0.33 Per Diluted Share, and Record Net Income of $13.1 Million, or $1.50 Per Diluted Share, for the Year; Declares Quarterly Cash Dividend of $0.07 Per Common Share
Article: GOLETA, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), today reported net income increased 10.2% to $2.9 million, or $0.33 per diluted share, for the fourth quarter, compared to $2.6 million, or $0.31 diluted share, for the fourth quarter of 2020, and decreased compared to $3.6 million, or $0.41 per diluted share, for the third quarter of 2021. For the full year 2021, the Company reported record net income of $13.1 million, or $1.50 per diluted share, an increase of 58.9% compared to $8.2 million, or $0.97 per diluted share, for the full year 2020. “We delivered excellent fourth quarter and full year 2021 financial results, highlighted by strong organic loan growth, record loan production, and solid revenue growth,” stated Martin E. Plourd, Chief Executive Officer. “The continued success of our outreach to new and existing clients during the quarter generated increased income and had a meaningful impact on loan generation with new loan commitments of $41.6 million in 4Q21 to offset SBA PPP loan forgiveness of $14.8 million. We continue to focus on deploying excess liquidity through increased lending activity, while closely monitoring our loan portfolio and asset quality metrics. As one of the last remaining community banks of scale along California's Central Coast, we believe we are operating from a position of strength as we enter 2022, and we will continue to work to create value for our shareholders, our clients and our communities.” **Fourth Quarter 2021 Financial Highlights:** - Net income was $2.9 million, or $0.33 per diluted share in the fourth quarter, compared to $3.6 million, or $0.41 per diluted share in third quarter, and $2.6 million, or $0.31 per diluted share in the fourth quarter of 2020. - Net interest income for the quarter was $10.7 million compared to $10.9 million in the third quarter and $9.8 million in the fourth quarter of 2020. - Provision expense for the fourth quarter was $26,000, compared to $7,000 in the prior quarter and a $44,000 negative provision in the fourth quarter of 2020. - The allowance for loan losses (“ALL”) was 1.20% of total loans held for investment at December 31, 2021, and 1.23% of total loans held for investment, excluding the $21.3 million of Paycheck Protection Program (“PPP”) loans which are 100% guaranteed by the Small Business Administration (“SBA”).* - Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, compared to $219.8 million at September 30, 2021, and $181.8 million at December 31, 2020. - Total loans increased $1.5 million to $892.1 million at December 31, 2021, compared to $890.6 million at September 30, 2021, and increased $34.5 million compared to $857.6 million at December 31, 2020. - Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. - The Bank’s Tier 1 leverage ratio was 8.56% at December 31, 2021, compared to 8.59% at September 30, 2021, and 9.29% at December 31, 2020. - Net non-accrual loans improved to $565,000 at December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. *Non GAAP **COVID-19 Pandemic and PPP loan Update** “Contributing to our success in 2021 was our continued participation in the SBA’s PPP program,” said Plourd. “As of December 31, 2021, we had 93 PPP loans totaling $21.3 million remaining on our balance sheet from both the first and second rounds of funding. During the fourth quarter of 2021, $14.8 million of the PPP loans were forgiven by the SBA. We recognized $483,000 of income in net fees related to PPP loans during the fourth quarter, compared to $1.0 million of income in net fees during the third quarter, and have $536,000 remaining in net unrecognized fees related to PPP loans that will be recognized as income through amortization or once the loans are paid off or forgiven by the SBA. As these loans are forgiven, we will use the liquidity to pursue new lending opportunities as well as focus on further reduction in funding costs.” “Our focus on delivering an exceptional client experience throughout the PPP process, from the initial loan origination to the forgiveness process, is helping bring in new clients. As of December 31, 2021, we had brought over 175 new clients to the Bank, and are already beginning to see success with developing full banking relationships with these new clients,” said William F. Filippin, President, of Community West Bank. The Company continues to closely monitor high-risk industry loans. The industries most heavily impacted include retail, healthcare, hospitality, schools and energy. The Company continues to evaluate loans related to affected industries, and at December 31, 2021, the Bank’s loans to these industries were $158.4 million, which is 17.8% of its $892.1 million loan portfolio. Of the selected industry loans, $918,000, or less than 1%, are on non-accrual at December 31, 2021, compared to $3.0 million at December 31, 2020. Also, of the selected industry loans, the classified loans are $13.4 million, or 8.5% at December 31, 2021, compared to $16.9 million or 9.4% at December 31, 2020. Additional detail by industry at December 31, 2021 is included in the table below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & \\ \hline Sectors Under Focus (Excluding PPP Loans) \\ \hline As of 12/31/21 (in thousands) & & Loans Outstanding & & $ Non-accrual & % Non-accrual & & $ Classified & % Classified & & $ Deferrals & % Deferral \\ \hline Healthcare & $ & 50,126 & $ & - & 0.00 & % & $ & 1,995 & 3.98 & % & $ & - & 0.00 & % \\ \hline Senior/Assted Living Facilities & & 23,505 & & - & 0.00 & % & & & 0.00 & % & & - & 0.00 & % \\ \hline Medical Offices & & 16,769 & & - & 0.00 & % & & 233 & 1.39 & % & & - & 0.00 & % \\ \hline General Healthcare & & 9,852 & & - & 0.00 & % & & 1,762 & 17.88 & % & & - & 0.00 & % \\ \hline Hospitality & & 49,392 & & 918 & 1.86 & % & & 3,567 & 7.22 & % & & - & 0.00 & % \\ \hline Lodging & & 40,936 & & - & 0.00 & % & & 2,486 & 6.07 & % & & - & 0.00 & % \\ \hline Restaurants & & 8,456 & & 918 & 10.86 & % & & 1,081 & 12.78 & % & & - & 0.00 & % \\ \hline Retail Commercial Real Estate & 45,835 & & 0 & 0.00 & % & & 7,739 & 16.88 & % & & & 0.00 & % \\ \hline Retail Services & & 11,870 & & 0 & 0.00 & % & & 1 & 0.01 & % & & - & 0.00 & % \\ \hline Schools & & 1,115 & & 0 & 0.00 & % & & - & 0.00 & % & & - & 0.00 & % \\ \hline Energy & & 85 & & 0 & 0.00 & % & & 85 & 100.00 & % & & - & 0.00 & % \\ \hline Total & $ & 158,423 & $ & 918 & 0.58 & % & $ & 13,387 & 8.45 & % & $ & - & 0.00 & % \\ \hline \end{table} **Income Statement** Net interest income totaled $10.7 million in fourth quarter, compared to $10.9 million in third quarter, and $9.8 million in the fourth quarter of 2020. For the full year 2021, net interest income increased 15.8% to $42.4 million, compared to $36.6 million in 2020. Net interest margin was 3.77% for fourth quarter, a 20-basis point contraction compared to the third quarter, and a 36-basis point contraction compared to fourth quarter of 2020. “Despite a 10-basis point benefit from PPP loan payoffs for the fourth quarter of 2021, net interest margin was negatively impacted by excess balance sheet liquidity,” said Richard Pimentel, Chief Financial Officer. The cost of funds for the fourth quarter decreased 5-basis points to 0.31%, compared to 0.36% for the third quarter, and improved by 23-basis points compared to 0.54% for the fourth quarter of 2020. PPP loans included fees accounted for 10 basis points of net interest margin for the fourth quarter compared to 25-basis points in the third quarter, and 6 basis points in the fourth quarter of 2020. For the year 2021, the net interest margin expanded 14-basis points to 4.03%, compared to 3.89% for 2020. Income from PPP loans contributed 13-basis points to the net interest margin in 2021 compared to 6-basis points in 2020. Non-interest income totaled $944,000 in fourth quarter, compared to $1.0 million in third quarter, and $970,000 in fourth quarter of 2020. The decrease in the fourth quarter was primarily due to lower loan fees, servicing revenues and less revenue from loan sales. Other loan fees were $343,000 for the fourth quarter, compared to $383,000 in the third quarter and $383,000 in the fourth quarter of 2020. Gain on sale of loans was $109,000 in fourth quarter, compared to $118,000 in the third quarter and $209,000 in fourth quarter of 2020. Non-interest income was $3.8 million for the year 2021, compared to $3.9 million for the year 2020, with the decrease during the year largely due to a reduction in loan fees and lower gain on sale of loans partially offset by an increase in other income related to increases in serving revenue and fair value adjustments on investments held at fair value. Non-interest expense totaled $7.6 million in fourth quarter, compared to $6.9 million in third quarter, and $7.1 million in fourth quarter of 2020. The Company’s efficiency ratio was 65.23% for fourth quarter, compared to 57.31% for third quarter, and 65.68% for the fourth quarter of 2020. For the full year 2021, non-interest expense was $28.0 million, compared to $27.5 million in 2020. The Company continues to focus on expense control and gaining efficiencies through use of technology and process improvement. The efficiency ratio for the full year 2021 was 60.69% compared to 67.96% for the full year 2020. **Balance Sheet** Total assets increased $21.5 million, or 1.9%, to $1.16 billion at December 31, 2021, compared to $1.14 billion, at September 30, 2021, and increased $181.6 million, or 18.6%, compared to $975.4 million, at December 31, 2020. Total loans increased by $1.5 million, to $892.1 million at December 31, 2021, compared to $890.6 million, at September 30, 2021, and increased $34.5 million, or 4.0%, compared to $857.6 million, at December 31, 2020. Total loans, excluding PPP loans, increased $16.3 million during the quarter, or 1.9%, and increased $82.7 million, or 10.5%, compared to December 31, 2020. Commercial real estate loans outstanding (which include SBA 504, construction and land) were up 19.6% from year ago levels to $480.8 million at December 31, 2021, and comprise 53.9% of the total loan portfolio. Manufactured housing loans were up 6.1% from year ago levels to $297.4 million and represent 33.3% of total loans. PPP loans were $21.3 million at December 31, 2021, and represent 2.4% of total loans, down from $36.1 million at September 30, 2021, and $69.5 million at December 31, 2020. Commercial loans (which include agriculture loans) were down 10.4% from year ago levels to $72.4 million and represent 8.1% of the total loan portfolio. Total deposits increased $18.2 million, or 2.0%, to $950.1 million at December 31, 2021, compared to $931.9 million at September 30, 2021, and increased $183.9 million, or 24.0%, compared to $766.2 million at December 31, 2020. Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, a $9.9 million decrease compared to $219.8 million at September 30, 2021, and a $28.1 million increase compared to $181.8 million at December 31, 2020. Interest-bearing demand deposits increased $29.5 million to $537.5 million at December 31, 2021, compared to $508.0 million at September 30, 2021, and increased $139.4 million compared to $398.1 million at December 31, 2020. Certificates of deposit, which include brokered deposits, decreased $3.8 million during the quarter to $179.1 million at December 31, 2021, compared to $182.9 million at September 30, 2021, and increased $11.5 million compared to $167.5 million at December 31, 2020. Stockholders’ equity increased to $101.4 million at December 31, 2021, compared to $98.8 million at September 30, 2021, and $89.0 million at December 31, 2020. Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. **Credit Quality** “Credit quality metrics improved during the quarter, with a substantial decrease in net-nonaccrual loans,” said Plourd. “We continue to closely monitor our loan portfolio and have elevated credit monitoring structures in place. Our disciplined approach of managing potential problem loans early has helped to keep us from incurring losses. This conservative loan grading system is a strategy that we put in place years ago and is reflective in our historic low loss ratio.” At December 31, 2021, asset quality reflected improvement due to positive loan risk rating migrations during the fourth quarter. Total classified loans decreased year-over-year due to proactive risk rating of loans showing signs of financial stress during the pandemic, while net non-accrual loans also decreased year over year. All loans rated “Watch” or worse are monitored monthly and proactive measures are taken when any signs of deterioration to the credit are discovered. The Company recorded a provision expense of $26,000 in the fourth quarter compared to a provision expense of $7,000 in third quarter and a negative provision expense of $44,000 in the fourth quarter of 2020. The allowance for credit losses, including the reserve for undisbursed loans, was $10.5 million, or 1.20% of total loans held for investment, at December 31, 2021, and 1.23% of total loans held for investment excluding PPP loans. Net non-accrual loans, plus net other assets acquired through foreclosure, decreased 28.5% to $3.1 million at December 31, 2021, compared to $4.3 million at September 30, 2021, and decreased 50.9% compared to $6.3 million at December 31, 2020. There was $565,000 in net non-accrual loans as of December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. Of the $565,000 of net non-accrual loans at December 31, 2021, $1,000 were SBA 504 loans, $306,000 were manufactured housing loans, and $258,000 were single family real estate loans. There was $2.5 million in other assets acquired through foreclosure as of December 31, 2021, compared to $2.6 million at September 30, 2021, and at December 31, 2020. The majority of this balance relates to one property in the amount of $2.3 million. **Cash Dividend Declared** The Company’s Board of Directors declared a quarterly cash dividend of $0.07 per common share, payable February 28, 2022 to common shareholders of record on February 11, 2022. **Stock Repurchase Program** On August 27, 2021, the Company announced that its Board of Directors had extended the stock repurchase plan until August 31, 2023. The Company did not repurchase shares during the fourth quarter of 2021, leaving $1.4 million available under the previously announced repurchase program. **Company Overview** Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, the largest publicly traded community bank serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard and Paso Robles. The principal business activities of the Company are Relationship Banking, Manufactured Housing lending and Government Guaranteed lending. **Industry Accolades** Community West was named to Piper Sandler’s Bank and Thrift Sm-All Stars – Class of 2021. This award recognized Community West as one of the top 35 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion. Community West Bank was awarded a “Super Premier Performance” rating by The Findley Reports. For 52 years, The Findley Reports has been recognizing the financial performance of banking institutions in California and the Western United States. Community West Bank is rated 5-star Superior by Bauer Financial. **Safe Harbor Disclosure** This release contains certain forward-looking statements about the Company and the Bank that are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about future financial and operational results, expectations, or intentions are forward-looking statements. Such statements reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, risks from the COVID-19 pandemic, the strength of the United States economy in general and of the local economies in which we conduct operations, the effect of, and changes in, trade, monetary and fiscal policies and laws, including changes in interest rate policies of the Board of Governors of the Federal Reserve System, inflation, weather, natural disasters, climate change, increased unemployment, deterioration in credit quality of our loan portfolio and/or the value of the collateral securing the repayment of those loans, reduction in the value of our investment securities, the costs and effects of litigation and of adverse outcomes of such litigation, the cost and ability to attract and retain key employees, a breach of our operational or security systems, policies or procedures including cyber-attacks on us or third party vendors or service providers, regulatory or legal developments, United States tax policies, including our effective income tax rate, and our ability to implement and execute our business plan and strategy and expand our operations as provided therein. Actual results may differ materially from those set forth or implied in the forward-looking statements as a result of a variety of factors including the risk factors contained in documents filed by the Company with the Securities and Exchange Commission and are available in the “Investor Relations” section of our website, [https://www.communitywest.com/sec-filings/documents/default.aspx](https://www.communitywest.com/sec-filings/documents/default.aspx). The Company is under no obligation (and expressly disclaims any obligation) to update or alter such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & \\ \hline CONDENSED CONSOLIDATED BALANCE SHEETS & & & & & & & \\ \hline (unaudited) & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & \\ \hline & & & & & & & \\ \hline & & December 31, & September 30, & & December 31, & \\ \hline & & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline & & & & & & & \\ \hline Cash and cash equivalents & & $ & 1,621 & & & $ & 2,129 & & & $ & 1,587 & & \\ \hline Interest-earning deposits in other financial institutions & & & 206,754 & & & & 184,806 & & & & 58,953 & & \\ \hline Investment securities & & & 22,773 & & & & 23,608 & & & & 22,043 & & \\ \hline Loans: & & & & & & & \\ \hline Commercial & & & 72,423 & & & & 66,713 & & & & 80,851 & & \\ \hline Commercial real estate & & & 480,801 & & & & 473,338 & & & & 402,148 & & \\ \hline SBA & & & 8,580 & & & & 9,589 & & & & 11,851 & & \\ \hline Paycheck Protection Program (PPP) & & & 21,317 & & & & 36,109 & & & & 69,542 & & \\ \hline Manufactured housing & & & 297,363 & & & & 292,476 & & & & 280,284 & & \\ \hline Single family real estate & & & 8,663 & & & & 8,659 & & & & 10,358 & & \\ \hline HELOC & & & 3,579 & & & & 3,717 & & & & 3,861 & & \\ \hline Other (1) & & & (643 & ) & & & (6 & ) & & & (1,318 & ) & \\ \hline Total loans & & & 892,083 & & & & 890,595 & & & & 857,577 & & \\ \hline & & & & & & & \\ \hline Loans, net & & & & & & & \\ \hline Held for sale & & & 23,408 & & & & 24,400 & & & & 31,229 & & \\ \hline Held for investment & & & 868,675 & & & & 866,195 & & & & 826,348 & & \\ \hline Less: Allowance for loan losses & & & (10,404 & ) & & & (10,283 & ) & & & (10,194 & ) & \\ \hline Net held for investment & & & 858,271 & & & & 855,912 & & & & 816,154 & & \\ \hline NET LOANS & & & 881,679 & & & & 880,312 & & & & 847,383 & & \\ \hline & & & & & & & \\ \hline Other assets & & & 44,225 & & & & 44,735 & & & & 45,469 & & \\ \hline & & & & & & & \\ \hline TOTAL ASSETS & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Deposits & & & & & & & \\ \hline Non-interest-bearing demand & & $ & 209,893 & & & $ & 219,826 & & & $ & 181,837 & & \\ \hline Interest-bearing demand & & & 537,508 & & & & 508,020 & & & & 398,101 & & \\ \hline Savings & & & 23,675 & & & & 21,202 & & & & 18,736 & & \\ \hline Certificates of deposit ($250,000 or more) & & & 17,612 & & & & 15,956 & & & & 30,536 & & \\ \hline Other certificates of deposit & & & 161,443 & & & & 166,938 & & & & 136,975 & & \\ \hline Total deposits & & & 950,131 & & & & 931,942 & & & & 766,185 & & \\ \hline Other borrowings & & & 90,000 & & & & 90,000 & & & & 105,000 & & \\ \hline Other liabilities & & & 15,546 & & & & 14,881 & & & & 15,243 & & \\ \hline TOTAL LIABILITIES & & & 1,055,677 & & & & 1,036,823 & & & & 886,428 & & \\ \hline & & & & & & & \\ \hline Stockholders' equity & & & 101,375 & & & & 98,767 & & & & 89,007 & & \\ \hline & & & & & & & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Common shares outstanding & & & 8,650 & & & & 8,616 & & & & 8,473 & & \\ \hline & & & & & & & \\ \hline Book value per common share & & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & \\ \hline & & & & & & & \\ \hline (1) Includes consumer, other loans, securitized loans, and deferred fees & & & & & & & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & \\ \hline & & & Three Months Ended & \\ \hline & & & December 31, & & September 30, & & June 30, & & March 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2021 & & 2021 & & 2020 & \\ \hline & & & & & & & & & & & & \\ \hline Interest income & & & & & & & & & & & & \\ \hline Loans, including fees & & & $ & 11,258 & & $ & 11,576 & & $ & 11,433 & & & $ & 10,856 & & & $ & 10,790 & & \\ \hline Investment securities and other & & & & 279 & & & 259 & & & 218 & & & & 199 & & & & 196 & & \\ \hline Total interest income & & & & 11,537 & & & 11,835 & & & 11,651 & & & & 11,055 & & & & 10,986 & & \\ \hline & & & & & & & & & & & & \\ \hline Deposits & & & & 614 & & & 708 & & & 771 & & & & 742 & & & & 815 & & \\ \hline Other borrowings & & & & 206 & & & 198 & & & 194 & & & & 271 & & & & 378 & & \\ \hline Total interest expense & & & & 820 & & & 906 & & & 965 & & & & 1,013 & & & & 1,193 & & \\ \hline Net interest income & & & & 10,717 & & & 10,929 & & & 10,686 & & & & 10,042 & & & & 9,793 & & \\ \hline Provision (credit) for loan losses & & & & 26 & & & 7 & & & (41 & ) & & & (173 & ) & & & (44 & ) & \\ \hline Net interest income after provision for loan losses & & & & 10,691 & & & 10,922 & & & 10,727 & & & & 10,215 & & & & 9,837 & & \\ \hline Non-interest income & & & & & & & & & & & & \\ \hline Other loan fees & & & & 343 & & & 383 & & & 310 & & & & 313 & & & & 383 & & \\ \hline Gains from loan sales, net & & & & 109 & & & 118 & & & 130 & & & & 118 & & & & 209 & & \\ \hline Document processing fees & & & & 123 & & & 145 & & & 138 & & & & 106 & & & & 129 & & \\ \hline Service charges & & & & 84 & & & 77 & & & 74 & & & & 67 & & & & 83 & & \\ \hline Other & & & & 285 & & & 317 & & & 220 & & & & 293 & & & & 166 & & \\ \hline Total non-interest income & & & & 944 & & & 1,040 & & & 872 & & & & 897 & & & & 970 & & \\ \hline Non-interest expenses & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & & 4,884 & & & 4,478 & & & 4,379 & & & & 4,565 & & & & 4,594 & & \\ \hline Occupancy, net & & & & 893 & & & 802 & & & 780 & & & & 779 & & & & 751 & & \\ \hline Professional services & & & & 441 & & & 434 & & & 430 & & & & 340 & & & & 399 & & \\ \hline Data processing & & & & 251 & & & 292 & & & 332 & & & & 340 & & & & 254 & & \\ \hline Depreciation & & & & 186 & & & 191 & & & 198 & & & & 205 & & & & 202 & & \\ \hline FDIC assessment & & & & 146 & & & 127 & & & 121 & & & & 91 & & & & 165 & & \\ \hline Advertising and marketing & & & & 198 & & & 189 & & & 164 & & & & 183 & & & & 110 & & \\ \hline Stock-based compensation & & & & 129 & & & 63 & & & 58 & & & & 68 & & & & 68 & & \\ \hline Other & & & & 478 & & & 284 & & & 207 & & & & 289 & & & & 526 & & \\ \hline Total non-interest expenses & & & & 7,606 & & & 6,860 & & & 6,669 & & & & 6,860 & & & & 7,069 & & \\ \hline Income before provision for income taxes & & & & 4,029 & & & 5,102 & & & 4,930 & & & & 4,252 & & & & 3,738 & & \\ \hline Provision for income taxes & & & & 1,135 & & & 1,467 & & & 1,379 & & & & 1,231 & & & & 1,111 & & \\ \hline Net income & & & $ & 2,894 & & $ & 3,635 & & $ & 3,551 & & & $ & 3,021 & & & $ & 2,627 & & \\ \hline Earnings per share: & & & & & & & & & & & & \\ \hline Basic & & & $ & 0.34 & & $ & 0.42 & & $ & 0.42 & & & $ & 0.36 & & & $ & 0.31 & & \\ \hline Diluted & & & $ & 0.33 & & $ & 0.41 & & $ & 0.41 & & & $ & 0.35 & & & $ & 0.31 & & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & Three Months Ended & & Twelve Months Ended & \\ \hline & & December 31, & December 31, & December 31, & December 31, \\ \hline & & 2021 & & 2020 & & & 2021 & & 2020 & \\ \hline & & & & & & & & & \\ \hline Interest income & & & & & & & & & \\ \hline Loans, including fees & & $ & 11,258 & & $ & 10,790 & & & $ & 45,123 & & & $ & 42,948 & \\ \hline Investment securities and other & & & 279 & & & 196 & & & & 955 & & & & 906 & \\ \hline Total interest income & & & 11,537 & & & 10,986 & & & & 46,078 & & & & 43,854 & \\ \hline & & & & & & & & & \\ \hline Deposits & & & 614 & & & 815 & & & & 2,835 & & & & 5,483 & \\ \hline Other borrowings & & & 206 & & & 378 & & & & 869 & & & & 1,782 & \\ \hline Total interest expense & & & 820 & & & 1,193 & & & & 3,704 & & & & 7,265 & \\ \hline Net interest income & & & 10,717 & & & 9,793 & & & & 42,374 & & & & 36,589 & \\ \hline Provision (credit) for loan losses & & & 26 & & & (44 & ) & & & (181 & ) & & & 1,223 & \\ \hline Net interest income after provision for loan losses & & & 10,691 & & & 9,837 & & & & 42,555 & & & & 35,366 & \\ \hline Non-interest income & & & & & & & & & \\ \hline Other loan fees & & & 343 & & & 383 & & & & 1,349 & & & & 1,546 & \\ \hline Gains from loan sales, net & & & 109 & & & 209 & & & & 475 & & & & 920 & \\ \hline Document processing fees & & & 123 & & & 129 & & & & 512 & & & & 513 & \\ \hline Service charges & & & 84 & & & 83 & & & & 302 & & & & 354 & \\ \hline Other & & & 285 & & & 166 & & & & 1,115 & & & & 579 & \\ \hline Total non-interest income & & & 944 & & & 970 & & & & 3,753 & & & & 3,912 & \\ \hline Non-interest expenses & & & & & & & & & \\ \hline Salaries and employee benefits & & & 4,884 & & & 4,594 & & & & 18,306 & & & & 17,968 & \\ \hline Occupancy, net & & & 893 & & & 751 & & & & 3,254 & & & & 3,036 & \\ \hline Professional services & & & 441 & & & 399 & & & & 1,645 & & & & 1,801 & \\ \hline Data processing & & & 251 & & & 254 & & & & 1,215 & & & & 1,055 & \\ \hline Depreciation & & & 186 & & & 202 & & & & 780 & & & & 821 & \\ \hline FDIC assessment & & & 146 & & & 165 & & & & 485 & & & & 565 & \\ \hline Advertising and marketing & & & 198 & & & 110 & & & & 734 & & & & 673 & \\ \hline Stock-based compensation & & & 129 & & & 68 & & & & 318 & & & & 319 & \\ \hline Other & & & 478 & & & 526 & & & & 1,258 & & & & 1,285 & \\ \hline Total non-interest expenses & & & 7,606 & & & 7,069 & & & & 27,995 & & & & 27,523 & \\ \hline Income before provision for income taxes & & & 4,029 & & & 3,738 & & & & 18,313 & & & & 11,755 & \\ \hline Provision for income taxes & & & 1,135 & & & 1,111 & & & & 5,212 & & & & 3,510 & \\ \hline Net income & & $ & 2,894 & & $ & 2,627 & & & $ & 13,101 & & & $ & 8,245 & \\ \hline Earnings per share: & & & & & & & & & \\ \hline Basic & & $ & 0.34 & & $ & 0.31 & & & $ & 1.53 & & & $ & 0.97 & \\ \hline Diluted & & $ & 0.33 & & $ & 0.31 & & & $ & 1.50 & & & $ & 0.97 & \\ \hline & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ADDITIONAL FINANCIAL INFORMATION & & & & & & & & & & \\ \hline (Dollars and shares in thousands except per share amounts)(Unaudited) & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline PERFORMANCE MEASURES AND RATIOS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Return on average common equity & & 11.42 & % & & & 14.77 & % & & & 11.85 & % & & & 13.68 & % & & & 9.70 & % & \\ \hline Return on average assets & & 0.99 & % & & & 1.28 & % & & & 1.07 & % & & & 1.21 & % & & & 0.85 & % & \\ \hline Efficiency ratio & & 65.23 & % & & & 57.31 & % & & & 65.68 & % & & & 60.69 & % & & & 67.96 & % & \\ \hline Net interest margin & & 3.77 & % & & & 3.97 & % & & & 4.13 & % & & & 4.03 & % & & & 3.89 & % & \\ \hline & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline AVERAGE BALANCES & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Average assets & $ & 1,157,909 & & & $ & 1,123,598 & & & $ & 977,736 & & & $ & 1,082,560 & & & $ & 972,019 & & \\ \hline Average earning assets & & 1,126,473 & & & & 1,091,792 & & & & 944,073 & & & & 1,050,829 & & & & 940,993 & & \\ \hline Average total loans & & 888,519 & & & & 882,058 & & & & 845,620 & & & & 884,601 & & & & 831,863 & & \\ \hline Average deposits & & 950,601 & & & & 920,165 & & & & 726,223 & & & & 876,397 & & & & 730,884 & & \\ \hline Average common equity & & 100,579 & & & & 97,636 & & & & 88,171 & & & & 95,770 & & & & 85,027 & & \\ \hline & & & & & & & & & & \\ \hline EQUITY ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Total common equity & $ & 101,375 & & & $ & 98,767 & & & $ & 89,007 & & & & & & \\ \hline Common stock outstanding & & 8,650 & & & & 8,616 & & & & 8,473 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Book value per common share & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & & & & & \\ \hline & & & & & & & & & & \\ \hline ASSET QUALITY & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Nonaccrual loans, net & $ & 565 & & & $ & 1,742 & & & $ & 3,665 & & & & & & \\ \hline Nonaccrual loans, net/total loans & & 0.06% & & & & 0.20% & & & & 0.43% & & & & & & \\ \hline Other assets acquired through foreclosure, net & $ & 2,518 & & & $ & 2,572 & & & $ & 2,614 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net & $ & 3,083 & & & $ & 4,314 & & & $ & 6,279 & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net/total assets & & 0.27% & & & & 0.38% & & & & 0.64% & & & & & & \\ \hline Net loan (recoveries)/charge-offs in the quarter & $ & (96) & & & $ & (36) & & & $ & (41) & & & & & & \\ \hline Net (recoveries)/charge-offs in the quarter/total loans & & (0.01%) & & & & (0.00%) & & & & (0.00%) & & & & & & \\ \hline & & & & & & & & & & \\ \hline Allowance for loan losses & $ & 10,404 & & & $ & 10,283 & & & $ & 10,194 & & & & & & \\ \hline Plus: Reserve for undisbursed loan commitments & & 94 & & & & 106 & & & & 92 & & & & & & \\ \hline Total allowance for credit losses & $ & 10,498 & & & $ & 10,389 & & & $ & 10,286 & & & & & & \\ \hline Allowance for loan losses/total loans held for investment & & 1.20% & & & & 1.19% & & & & 1.23% & & & & & & \\ \hline Allowance for loan losses/total loans held for investment excluding PPP loans & & 1.23% & & & & 1.24% & & & & 1.35% & & & & & & \\ \hline Allowance for loan losses/nonaccrual loans, net & & 1842.50% & & & & 590.34% & & & & 278.14% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Community West Bank * & & & & & & & & & & \\ \hline Community bank leverage ratio & N/A & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 leverage ratio & & 8.56% & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 capital ratio & & 11.02% & & & & 10.93% & & & & 11.02% & & & & & & \\ \hline Total capital ratio & & 12.19% & & & & 12.11% & & & & 12.27% & & & & & & \\ \hline & & & & & & & & & & \\ \hline INTEREST SPREAD ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Yield on total loans & & 5.03% & & & & 5.21% & & & & 5.08% & & & & & & \\ \hline Yield on investments & & 2.78% & & & & 2.68% & & & & 2.46% & & & & & & \\ \hline Yield on interest earning deposits & & 0.16% & & & & 0.16% & & & & 0.15% & & & & & & \\ \hline Yield on earning assets & & 4.06% & & & & 4.30% & & & & 4.63% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Cost of interest-bearing deposits & & 0.34% & & & & 0.40% & & & & 0.60% & & & & & & \\ \hline Cost of total deposits & & 0.26% & & & & 0.31% & & & & 0.45% & & & & & & \\ \hline Cost of borrowings & & 0.91% & & & & 0.87% & & & & 1.03% & & & & & & \\ \hline Cost of interest-bearing liabilities & & 0.40% & & & & 0.45% & & & & 0.69% & & & & & & \\ \hline Cost of funds & & 0.31% & & & & 0.36% & & & & 0.54% & & & & & & \\ \hline & & & & & & & & & & \\ \hline * Capital ratios are preliminary until the Call Report is filed. & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \end{table} Contact: Richard Pimentel, EVP & CFO805.692.4410 [www.communitywestbank.com](https://www.globenewswire.com/Tracker?data=-B4WGEmcZ6KNxr2DA0bbDxeBL3dHCkBTRhDzIkAkueHAgHE4JLuoCvFieD3jzJh5V6bkkzOeO8mx_94wwEhd1tJuMZ3LdWzGIqBmpWia_Wc=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3MSM0Njk3OTAwIzIwMjY5Mjg=) [Image](https://ml.globenewswire.com/media/MTNlNjAxYzUtZTNjNC00OGE4LWE1NmUtYWI5MGQ5NTBlMjVhLTEwMzc5MTc=/tiny/Community-West-Bancshares.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/3f35e601-88c2-47ed-8232-7bcc77694726) Source: Community West Bancshares
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Broader Industry Information:
Date: 2022-01-28
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Esperion Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
Article: ANN ARBOR, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced that, on January 27, 2022, the Compensation Committee of Esperion’s Board of Directors granted four new employees (i) non-qualified stock options to purchase an aggregate of 100,450 shares of its common stock, all of which were granted to Benjamin Looker, Esq., the Company’s newly appointed General Counsel, and (ii) 204,771 restricted stock units (RSUs), 70,800 of which were awarded to Mr. Looker, under Esperion’s 2017 Inducement Equity Incentive Plan. The 2017 Inducement Equity Incentive Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Esperion (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Esperion, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The options have an exercise price of $3.65 per share, which is equal to the closing price of Esperion's common stock on January 27, 2022. Each option and RSU will vest and become exercisable as to twenty-five percent of the shares on the one-year anniversary of the recipient’s vesting commencement date, and will vest and become exercisable as to the remaining 75 percent of the shares in twelve equal quarterly installments at the end of each quarter following such anniversary, in each case, subject to each such employee's continued employment with Esperion on such vesting dates. The options and RSUs are subject to the terms and conditions of Esperion’s 2017 Inducement Equity Incentive Plan, and the terms and conditions of the stock option and RSU agreement covering the grant. **Esperion Therapeutics** Esperion works hard to make our medicines easy to get, easy to take and easy to have. We discover, develop and commercialize innovative medicines and combinations to lower cholesterol, especially for patients whose needs aren’t being met by the status quo. Our entrepreneurial team of industry leaders is inclusive, passionate and resourceful. We are singularly focused on managing cholesterol so you can improve your health easily. Esperion commercializes NEXLETOL® (bempedoic acid) and NEXLIZET® (bempedoic acid and ezetimibe) Tablets and is the leader in the development of convenient oral, once-daily non-statin LDL-cholesterol lowering drugs for patients with high levels of bad cholesterol. For more information, please visit [www.esperion.com](http://www.esperion.com/) and follow us on Twitter at [www.twitter.com/EsperionInc](http://www.twitter.com/EsperionInc). Contact:Ben Church [[email protected]](https://www.globenewswire.com/Tracker?data=6sKfpNN4yE7HC4PotuRHvwCHDBspLlLbyA9zXiuDyOawPFpBjohz071zuaG2NCnKwTt1W9x-Mn1AmiozZZlwmImqPGevBpkckmca73IB7Zw=) 734-864-6774 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI3NCM0Njk5MzQ3IzIwMDcxNDE=) [Image](https://ml.globenewswire.com/media/NDdhNDRlYTktNjBkNS00Nzg3LWIyMTMtNTIwMzY3NzdjYWM2LTEwMTg3MTQ=/tiny/Esperion-Therapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/6af55bc4-856a-4007-b242-baeb422ba7e7) Source: Esperion Therapeutics, Inc.
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Date: 2022-01-28
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Date: 2022-01-28
Title: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021
Article: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline \end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [[email protected]](mailto:[email protected]). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & As of \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\ \hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\ \hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\ \hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\ \hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\ \hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\ \hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\ \hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\ \hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\ \hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\ \hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\ \hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\ \hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\ \hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\ \hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\ \hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\ \hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\ \hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\ \hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\ \hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\ \hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\ \hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\ \hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\ \hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\ \hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Income Statement: & & & & & & & & & \\ \hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\ \hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\ \hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\ \hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\ \hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\ \hline Noninterest income & & & & & & & & & \\ \hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\ \hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\ \hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\ \hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\ \hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\ \hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\ \hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\ \hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\ \hline Noninterest expense & & & & & & & & & \\ \hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\ \hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\ \hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\ \hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\ \hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\ \hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\ \hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\ \hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\ \hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\ \hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\ \hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\ \hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\ \hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\ \hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\ \hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\ \hline & & & & & & & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\ \hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\ \hline Earnings per common share & & & & & & & & & \\ \hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\ \hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\ \hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\ \hline & & & & & & & & & \\ \hline Selected Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\ \hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\ \hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\ \hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\ \hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\ \hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\ \hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\ \hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\ \hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\ \hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\ \hline & & & & & & & & & \\ \hline Asset Quality Ratios: & & & & & & & & & \\ \hline Ratio of nonaccruing loans to: & & & & & & & & & \\ \hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & & & & & & & \\ \hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & & & & & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Real Estate Loans: & & & & & & & & & \\ \hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\ \hline & & & & & & & & & \\ \hline Summary of Changes in Allowances: & & & & & & & & & \\ \hline Allowance for Loan Losses & & & & & & & & & \\ \hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\ \hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\ \hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\ \hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\ \hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\ \hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\ \hline & & & & & & & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\ \hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Income Statement: & & & \\ \hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\ \hline Total interest expense & & 26,430 & & & & 44,563 & \\ \hline Net interest income & & 189,557 & & & & 187,265 & \\ \hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\ \hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\ \hline Noninterest income & & & \\ \hline Deposit services & & 26,368 & & & & 24,359 & \\ \hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\ \hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\ \hline Trust fees & & 5,959 & & & & 5,133 & \\ \hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\ \hline Brokerage services & & 3,383 & & & & 2,271 & \\ \hline Other & & 5,505 & & & & 4,386 & \\ \hline Total noninterest income & & 49,336 & & & & 49,732 & \\ \hline Noninterest expense & & & \\ \hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\ \hline Net occupancy & & 14,239 & & & & 14,369 & \\ \hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\ \hline ATM expense & & 1,166 & & & & 1,018 & \\ \hline Professional fees & & 4,015 & & & & 4,224 & \\ \hline Software and data processing & & 5,675 & & & & 4,957 & \\ \hline Communications & & 2,233 & & & & 1,984 & \\ \hline FDIC insurance & & 1,807 & & & & 1,124 & \\ \hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\ \hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\ \hline Other & & 9,669 & & & & 12,642 & \\ \hline Total noninterest expense & & 125,030 & & & & 123,307 & \\ \hline Income before income tax expense & & 130,827 & & & & 93,489 & \\ \hline Income tax expense & & 17,426 & & & & 11,336 & \\ \hline Net income & $ & 113,401 & & & $ & 82,153 & \\ \hline & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\ \hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\ \hline Earnings per common share & & & \\ \hline Basic & $ & 3.48 & & & $ & 2.47 & \\ \hline Diluted & & 3.47 & & & & 2.47 & \\ \hline Book value per common share & & 28.20 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\ \hline & & & \\ \hline Selected Performance Ratios: & & & \\ \hline Return on average assets & & 1.59 & % & & & 1.14 & % \\ \hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\ \hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\ \hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\ \hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\ \hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\ \hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\ \hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\ \hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 106 & \\ \hline Repossessed assets & & — & & & & 14 & \\ \hline & & & \\ \hline Asset Quality Ratios: & & & \\ \hline Ratio of nonaccruing loans to: & & & \\ \hline Total loans & & 0.07 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & \\ \hline Total assets & & 0.16 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\ \hline & & & \\ \hline Capital Ratios: & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\ \hline Real Estate Loans: & & & \\ \hline Construction & $ & 447,860 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\ \hline & & & \\ \hline Summary of Changes in Allowances: & & & \\ \hline Allowance for Loan Losses & & & \\ \hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\ \hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\ \hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\ \hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\ \hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\ \hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\ \hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\ \hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\ \hline & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\ \hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\ \hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\ \hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\ \hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\ \hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\ \hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\ \hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\ \hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\ \hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\ \hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\ \hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\ \hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\ \hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\ \hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\ \hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\ \hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\ \hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\ \hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\ \hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\ \hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\ \hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\ \hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\ \hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\ \hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & June 30, 2021 & & March 31, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\ \hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\ \hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\ \hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\ \hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\ \hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\ \hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\ \hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\ \hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\ \hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\ \hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\ \hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\ \hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\ \hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\ \hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\ \hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\ \hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\ \hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\ \hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\ \hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\ \hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & \\ \hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\ \hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\ \hline Securities: & & & & & \\ \hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\ \hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\ \hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\ \hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\ \hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\ \hline Cash and due from banks & & 83,228 & & & & & \\ \hline Accrued interest and other assets & & 687,894 & & & & & \\ \hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\ \hline Total assets & $ & 7,167,100 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\ \hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\ \hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\ \hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\ \hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\ \hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\ \hline Other borrowings & & 66 & & & & — & & — & \\ \hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\ \hline Noninterest bearing deposits & & 1,381,120 & & & & & \\ \hline Accrued expenses and other liabilities & & 101,478 & & & & & \\ \hline Total liabilities & & 6,313,030 & & & & & \\ \hline Shareholders’ equity & & 854,070 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\ \hline Net interest income (FTE) & & & $ & 51,851 & & \\ \hline Net interest margin (FTE) & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 3.02 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\ \hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\ \hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\ \hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\ \hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\ \hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\ \hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\ \hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\ \hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\ \hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\ \hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\ \hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\ \hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\ \hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\ \hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\ \hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\ \hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\ \hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\ \hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\ \hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\ \hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\ \hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\ \hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\ \hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\ \hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\ \hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\ \hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\ \hline & & & & & & & & & & & & & & \\ \hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\ \hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\ \hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\ \hline & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\ \hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\ \hline & & & & & & & & & & & & & & \\ \hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\ \hline & & & & & & & & & & & & & & \\ \hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\ \hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\ \hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\ \hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\ \hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\ \hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\ \hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\ \hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\ \hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\ \hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\ \hline & & & & & & & & & & & & & & \\ \hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\ \hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\ \hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\ \hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\ \hline & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\ \hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\ \hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\ \hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\ \hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\ \hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.
Date: 2022-01-28
Title: Is Marine Products Corporation's (NYSE:MPX) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Article: Most readers would already be aware that Marine Products' (NYSE:MPX) stock increased significantly by 8.1% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Marine Products' ROE in this article.ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. **How Is ROE Calculated?****ROE can be calculated by using the formula:**Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for Marine Products is:29% = US$29m ÷ US$99m (Based on the trailing twelve months to December 2021).The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.29 in profit. **Why Is ROE Important For Earnings Growth?**So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. **Marine Products' Earnings Growth And 29% ROE** To begin with, Marine Products has a pretty high ROE which is interesting. Even when compared to the industry average of 29% the company's ROE is pretty decent. Therefore, it looks like the high ROE is what probably supported Marine Products' modest 5.1% growth over the past five years.We then compared Marine Products' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 16% in the same period, which is a bit concerning.[past-earnings-growth](https://images.simplywall.st/asset/chart/740990-past-earnings-growth-1-dark/1643377601162) NYSE:MPX Past Earnings Growth January 28th 2022Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to [check if Marine Products is trading on a high P/E or a low P/E](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), relative to its industry. **Is Marine Products Efficiently Re-investing Its Profits?** Marine Products has a significant three-year median payout ratio of 56%, meaning that it is left with only 44% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders. Additionally, Marine Products has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. **Conclusion** On the whole, we do feel that Marine Products has some positive attributes. The company has grown its earnings moderately as previously discussed. Still, the high ROE could have been even more beneficial to investors had the company been reinvesting more of its profits. As highlighted earlier, the current reinvestment rate appears to be quite low. So far, we've only made a quick discussion around the company's earnings growth. To gain further insights into Marine Products' past profit growth, check out this [visualization of past earnings, revenue and cash flows.](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIxMTo3NTIwMGRkZTg0NDk3ZjFj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Symbol: ALGT
Security: Allegiant Travel Company
Related Stocks/Topics: Markets|UBER
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Stock Price 4 days before: 175.638
Stock Price 2 days before: 179.806
Stock Price 1 day before: 175.746
Stock Price at release: 172.408
Risk-Free Rate at release: 0.0004
Symbol: RICK
Security: RCI Hospitality Holdings, Inc.
Related Stocks/Topics: Stocks|GES|BYD|CROX
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Stock Price 4 days before: 69.1743
Stock Price 2 days before: 71.4924
Stock Price 1 day before: 68.5673
Stock Price at release: 65.996
Risk-Free Rate at release: 0.0004
Symbol: HAIN
Security: The Hain Celestial Group, Inc.
Related Stocks/Topics: Stocks
Title: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)
Stock Price 4 days before: 36.23
Stock Price 2 days before: 36.3789
Stock Price 1 day before: 36.4804
Stock Price at release: 35.3492
Risk-Free Rate at release: 0.0004
Symbol: BHLB
Security: Berkshire Hills Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Stock Price 4 days before: 29.3734
Stock Price 2 days before: 29.9554
Stock Price 1 day before: 29.826
Stock Price at release: 28.9482
Risk-Free Rate at release: 0.0004
Symbol: SYBT
Security: Stock Yards Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Stock Price 4 days before: 60.8891
Stock Price 2 days before: 63.719
Stock Price 1 day before: 61.3696
Stock Price at release: 59.3997
Risk-Free Rate at release: 0.0004
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: Markets|PFE|MRNA|BNTX
Title: Why Novavax Stock Surged 14% on Friday
Type: News
Publication: The Motley Fool
Publication Author: Eric Volkman
Date: 2022-01-28
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 79.2871
Stock Price 2 days before: 81.0986
Stock Price 1 day before: 81.7156
Stock Price at release: 73.3745
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: CYH
Security: Community Health Systems, Inc.
Related Stocks/Topics: Stocks|UNH|UHS|HUM
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 12.6602
Stock Price 2 days before: 13.8239
Stock Price 1 day before: 12.931
Stock Price at release: 12.5023
Risk-Free Rate at release: 0.0004
| 10.2735 |
Broader Economic Information:
Date: 2022-01-28
Title: Here's Why I Think SmartFinancial (NASDAQ:SMBK) Might Deserve Your Attention Today
Article: Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. And in their study titled Who Falls Prey to the Wolf of Wall Street?' Leuz et. al. found that it is 'quite common' for investors to lose money by buying into 'pump and dump' schemes.So if you're like me, you might be more interested in profitable, growing companies, like **SmartFinancial** (NASDAQ:SMBK). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. **SmartFinancial's Earnings Per Share Are Growing. **If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. SmartFinancial managed to grow EPS by 12% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. I note that SmartFinancial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. While we note SmartFinancial's EBIT margins were flat over the last year, revenue grew by a solid 26% to US$136m. That's a real positive.In the chart below, you can see how the company has grown earnings, and revenue, over time. To see the actual numbers, click on the chart.[earnings-and-revenue-history](https://images.simplywall.st/asset/chart/142913479-earnings-and-revenue-history-1-dark/1643383967048) NasdaqCM:SMBK Earnings and Revenue History January 28th 2022You don't drive with your eyes on the rear-view mirror, so you might be more interested in this **free** [report showing analyst forecasts for SmartFinancial's future profits](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future). **Are SmartFinancial Insiders Aligned With All Shareholders?** I like company leaders to have some skin in the game, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. As a result, I'm encouraged by the fact that insiders own SmartFinancial shares worth a considerable sum. With a whopping US$68m worth of shares as a group, insiders have plenty riding on the company's success. At 15% of the company, the co-investment by insiders gives me confidence that management will make long-term focussed decisions. It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. A brief analysis of the CEO compensation suggests they are. I discovered that the median total compensation for the CEOs of companies like SmartFinancial with market caps between US$200m and US$800m is about US$1.7m.The SmartFinancial CEO received total compensation of just US$809k in the year to . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally. **Does SmartFinancial Deserve A Spot On Your Watchlist?**As I already mentioned, SmartFinancial is a growing business, which is what I like to see. Earnings growth might be the main game for SmartFinancial, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, I'd argue this one is worthy of the watchlist, at least. We don't want to rain on the parade too much, but we did also find [1 warning sign for SmartFinancial](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you need to be mindful of.You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is [a list of companies with insider buying in the last three months.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4OTozM2U5OThiNWZiYzNiODFh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: First Week of WB March 11th Options Trading
Article: Investors in Weibo Corp (Symbol: WB) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the WB options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $28.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.70 (before broker commissions). To an investor already interested in purchasing shares of WB, that could represent an attractive alternative to paying $30.62/share today. Because the $28.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=put&contract=28.00). Should the contract expire worthless, the premium would represent a 4.64% return on the cash commitment, or 40.35% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Weibo Corp, and highlighting in green where the $28.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $37.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of WB stock at the current price level of $30.62/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $37.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.49% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WB shares really soar, which is why looking at the trailing twelve month trading history for Weibo Corp, as well as studying the business fundamentals becomes important. Below is a chart showing WB's trailing twelve month trading history, with the $37.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $37.00 strike represents an approximate 21% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 87%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=call&contract=37.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.65% boost of extra return to the investor, or 5.68% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 74%, while the implied volatility in the call contract example is 88%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $30.62) to be 47%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: UNFI Earns Top Score in Human Rights Campaign Foundation’s 2022 Corporate Equality Index
Article: UNFI’s work to foster a culture of inclusion earns a top score of 100 in annual assessment of LGBTQ+ workplace equality PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) ("UNFI"), announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. UNFI joins the ranks of over 840 major U.S. businesses that also earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ+ Equality.“UNFI aims to be an inclusive place for all. National surveys indicate that nearly half of LGBTQ+ people are not out in the workplace, and one in 10 have faced discrimination at work. We understand the impact this could have on an associate’s psychological safety and ability to connect with their colleagues. We are proud to receive this recognition and are committed to continue learning and adapting to better serve our associates and customers,” said Guillaume Bagal, vice president of diversity and inclusion at UNFI.UNFI is working to advance diversity, equity, and inclusion in the workplace by fostering a culture of inclusion and empathy through open dialogue, effective associate training, and by honoring holidays and special events that speak to the company’s associates’ identities. In the past year, UNFI took a variety of steps to progress on this mission including: - Launched the UNFI Diversity Council; - Rolled out belonging and innovation groups (BIGs); voluntary and social-led groups focused on common interest, backgrounds, and demographics with the core purpose of fostering a sense of belonging; - Introduced Real Talk, a series of virtual discussions focusing on the intersection of diversity and inclusion with career, wellness and leadership development; - Created UNFI Inclusion 101 which educates associates on the LGBTQ+ community, including gender identity and expression; - Developed UCount, a way for associates to share more about themselves, including transgender and non-binary identities; and - Designed new policies to include workplace gender transition and equal access to facilities “When the Human Rights Campaign Foundation created the Corporate Equality Index 20 years ago, we dreamed that LGBTQ+ workers—from the factory floor to corporate headquarters, in big cities and small towns—could have access to the policies and benefits needed to thrive and live life authentically,” said Jay Brown, Human Rights Campaign Senior Vice President of Programs, Research and Training. “We are proud that the Corporate Equality Index paved the way to that reality for countless LGBTQ+ workers in America and abroad. But there is still more to do, which is why we are raising the bar yet again to create more equitable workplaces and a better tomorrow for LGBTQ+ workers everywhere. Congratulations to UNFI for achieving the title of ‘best places to work for LGBTQ+ equality’ and working to advance inclusion in the workplace.”The CEI rates companies on detailed criteria falling under four central pillars: - Non-discrimination policies across business entities; - Equitable benefits for LGBTQ+ workers and their families; - Supporting an inclusive culture; and - Corporate social responsibility. The full report is available online at [www.hrc.org/cei](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.hrc.org%2Fcei&esheet=52570802&newsitemid=20220128005523&lan=en-US&anchor=www.hrc.org%2Fcei&index=1&md5=b1221addeb5f06cad9ba76c9bc9f9922). **About United Natural Foods** UNFI is North America's premier food wholesaler delivering the widest variety of products to customer locations throughout North America including natural product superstores, independent retailers, conventional supermarket chains, ecommerce retailers, and food service customers. By providing this deeper 'full-store' selection and compelling brands for every aisle, UNFI is uniquely positioned to deliver great food, more choices, and fresh thinking to customers everywhere. Today, UNFI is the largest publicly traded grocery distributor in America. To learn more about how UNFI is Fueling the Future of Food, visit [www.unfi.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.unfi.com&esheet=52570802&newsitemid=20220128005523&lan=en-US&anchor=www.unfi.com&index=2&md5=cad4162b489604d6c75ca6fa5682b32e).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005523r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005523/en/](https://www.businesswire.com/news/home/20220128005523/en/) **Investor Contact** Steve Bloomquist 952-828-4144 [[email protected]](mailto:[email protected])**Media Contact** Jeff Swanson 952-903-1645 [[email protected]](mailto:[email protected]) Source: United Natural Foods, Inc.
Date: 2022-01-28
Title: Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results and Announces Another 5% Stock Repurchase Program
Article: Bedminster, NJ, Jan. 28, 2022 (GLOBE NEWSWIRE) -- via [NewMediaWire](https://www.globenewswire.com/Tracker?data=qs3AUx-RMuLDTj1I4bljhmuisH5cAgEyJ2x6zLDw9-2EmmYk9Ac95RYJUr3KpXRWt1QcKZLFtVQ3SzNenpu48AC7MbhvdsuL-BsxhniIk44=) -- Peapack-Gladstone Financial Corporation (**NASDAQ Global Select Market: PGC**) (the “Company”) announces its fourth quarter 2021 results. **This earnings release should be read in conjunction with the Company’s Q4 2021 Investor Update, a copy of which is available on our website at** [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4e6qMi33jqoX4-A3drudcvHV2U6L1yQknaaK7L3PfIJis6XP11OhdAu4PLTTBe7M0Q==)**and****via a current report on Form 8-K on the website of the Securities and Exchange Commission at [www.sec.gov](http://www.sec.gov/).** For the quarter ended December 31, 2021, the Company recorded total revenue of $56.17 million, net income of $14.86 million and diluted earnings per share (“EPS”) of $0.78, compared to revenue of $46.14 million, net income of $3.03 million and diluted EPS of $0.16, respectively, for the three-month period ended December 31, 2020. For the year ended December 31, 2021, the Company recorded total revenue of $210.31 million, net income of $56.62 million and diluted earnings per share (“EPS”) of $2.93 compared to revenue of $189.36 million, net income of $26.19 million and diluted EPS of $1.37, respectively, for the year ended December 31, 2020. Improvement in the 2021 periods was principally driven by the Company’s wealth management and commercial banking businesses. 2021 included increased wealth management income, corporate advisory fees and SBA income, as well as increased net interest income resulting from asset growth, coupled with margin improvement. The earnings for the full year of 2021 also benefitted from a significantly lower provision for loan losses. The Q4 2021 period included a $893,000 swap valuation allowance recorded in operating expenses related to a loan placed on nonaccrual in Q3 2021. Q4 2021 also included a higher provision for loan losses due to the loan growth during the quarter. Douglas L. Kennedy, President and CEO, said, “Our fourth quarter and full year results reflected continued solid growth in our wealth management business and commercial banking, including both corporate advisory and SBA activities. Increases in these areas year-over-year more than made up for the $7.4 million of PPP gains that the Company had recorded in 2020. As we look into the new year our pipelines for wealth management and commercial banking continue to be robust and we remain quite constructive toward 2022.” During the fourth quarter of 2021 the Company repurchased 274,929 shares under its stock repurchase program at an average price of $33.50 for a total cost of $9.21 million. For the full year of 2021, the Company repurchased 894,744 shares at an average price of $31.99 for a total cost of $28.63 million. On January 27, 2022, the Company authorized a new 5% stock repurchase program of up to 920,000 shares. Purchases will be conducted in accordance with the limitations set forth in the SEC’s Rule 10b-18. Mr. Kennedy noted, “We believe that repurchasing our stock continues to be a great opportunity to take advantage of the Company’s discounted valuation relative to peers.” **EXECUTIVE SUMMARY:** The following tables summarize specified financial measures for the periods shown. **2021 Year Compared to Prior Year** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Year Ended & & & Year Ended & & & & & & & & & & \\ \hline & & December 31, & & & December 31, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2020 & & & & (Decrease) & \\ \hline Net interest income & & $ & 138.06 & & & $ & 127.60 & & & & $ & 10.46 & & & & 8 & % \\ \hline Wealth management fee income (A) & & & 52.99 & & & & 40.86 & & & & & 12.13 & & & & 30 & \\ \hline Capital markets activity (B) & & & 10.62 & & & & 6.65 & & & & & 3.97 & & & & 60 & \\ \hline Other income (C) & & & 8.64 & & & & 14.25 & & & & & (5.61 & ) & & & (39 & ) \\ \hline Total other income & & & 72.25 & & & & 61.76 & & & & & 10.49 & & & & 17 & \\ \hline Operating expenses (A) (D) & & & 126.17 & & & & 124.96 & & & & & 1.21 & & & & 1 & \\ \hline Pretax income before provision for loan losses & & & 84.14 & & & & 64.40 & & & & & 19.74 & & & & 31 & \\ \hline Provision for loan and lease losses (E) & & & 6.48 & & & & 32.40 & & & & & (25.92 & ) & & & (80 & ) \\ \hline Pretax income & & & 77.66 & & & & 32.00 & & & & & 45.66 & & & & 143 & \\ \hline Income tax expense (F) & & & 21.04 & & & & 5.81 & & & & & 15.23 & & & & 262 & \\ \hline Net income & & $ & 56.62 & & & $ & 26.19 & & & & $ & 30.43 & & & & 116 & % \\ \hline Diluted EPS & & $ & 2.93 & & & $ & 1.37 & & & & $ & 1.56 & & & & 114 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (G) & & $ & 210.31 & & & $ & 189.36 & & & & $ & 20.95 & & & & 11 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 0.94 & % & & & 0.45 & % & & & & 0.49 & & & & & \\ \hline Return on average equity & & & 10.56 & % & & & 5.11 & % & & & & 5.45 & & & & & \\ \hline \end{table} (A) The 2021 results included twelve months of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas Capital Management (“Lucas”) and Noyes Capital Management (“Noyes”) and six months of wealth management fee income and expense related to the July 2021 acquisition of Princeton Portfolio Strategies Group. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities and mortgage banking activities. The 2021 results included $3.5 million of corporate advisory fee income. There were no fees related to loan level back-to-back swap activities in the twelve months ended December 31, 2021, compared to $1.6 million for 2020. (C) The 2021 results included a cost of $842,000 related to the termination of interest rate swaps; a $1.1 million gain on loans held at lower of cost or fair value; $722,000 of fee income related to the referral of PPP loans to a third party; and $455,000 of additional BOLI income related to receipt of life insurance proceeds. The 2020 results included a $7.4 million gain on the sale of PPP loans. (D) The 2021 results included $1.5 million of severance expense related to certain corporate restructurings within several areas of the Bank; $648,000 of expense related to the redemption of subordinated debt; and $2.2 million related to a swap valuation allowance. The 2020 results included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, $210,000 for the consolidation of two private banking locations, and $278,000 for the closure of a retail branch. (E) The 2020 results included a provision for loan and lease losses of $32.4 million, primarily due to the COVID-19 pandemic. (F) The 2020 results included a $3.2 million tax benefit related to the carryback of tax NOLs. (G) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Prior Year Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & & Three Months Ended & & & & & & & & & \\ \hline & & December 31, & & & & December 31, & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & & 2020 & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & & $ & 31.74 & & & $ & 5.47 & & & & 17 & % \\ \hline Wealth management fee income (A) & & & 13.96 & & & & & 10.79 & & & & 3.17 & & & & 29 & \\ \hline Capital markets activity (B) & & & 3.52 & & & & & 1.89 & & & & 1.63 & & & & 86 & \\ \hline Other income (C) & & & 1.48 & & & & & 1.72 & & & & (0.24 & ) & & & (14 & ) \\ \hline Total other income & & & 18.96 & & & & & 14.40 & & & & 4.56 & & & & 32 & \\ \hline Operating expenses (A) (D) & & & 31.70 & & & & & 39.25 & & & & (7.55 & ) & & & (19 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & & 6.89 & & & & 17.58 & & & & 255 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & & 2.35 & & & & 1.40 & & & & 60 & \\ \hline Pretax income & & & 20.72 & & & & & 4.54 & & & & 16.18 & & & & 356 & \\ \hline Income tax expense & & & 5.86 & & & & & 1.51 & & & & 4.35 & & & & 288 & \\ \hline Net income & & $ & 14.86 & & & & $ & 3.03 & & & $ & 11.83 & & & & 390 & % \\ \hline Diluted EPS & & $ & 0.78 & & & & $ & 0.16 & & & $ & 0.62 & & & & 387 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (E) & & $ & 56.17 & & & & $ & 46.14 & & & $ & 10.03 & & & & 22 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & & 0.21 & % & & & 0.75 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & & 2.32 & % & & & 8.62 & & & & & \\ \hline \end{table} (A) The December 2021 quarter included a full quarter of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas and Noyes and the July 2021 acquisition of PPSG. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities, and mortgage banking activities. The December 2021 quarter included $2.2 million of corporate advisory fee income, the majority of which related to a large investment banking advisory event. (C) The December 31, 2021 quarter included a $265,000 loss on the sale of loans. (D) The December 2021 quarter included $893,000 related to a swap valuation allowance. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, and $210,000 for the consolidation of two private banking locations (E) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Linked Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & & & & & & & & \\ \hline & & December 31, & & & September 30, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2021 & & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & $ & 35.21 & & & & $ & 2.00 & & & & 6 & % \\ \hline Wealth management fee income & & & 13.96 & & & & 13.86 & & & & & 0.10 & & & & 1 & \\ \hline Capital markets activity (A) & & & 3.52 & & & & 2.06 & & & & & 1.46 & & & & 71 & \\ \hline Other income (B) & & & 1.48 & & & & 1.86 & & & & & (0.38 & ) & & & (20 & ) \\ \hline Total other income & & & 18.96 & & & & 17.78 & & & & & 1.18 & & & & 7 & \\ \hline Operating expenses (C) & & & 31.70 & & & & 32.18 & & & & & (0.48 & ) & & & (1 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & 20.81 & & & & & 3.66 & & & & 18 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & 1.60 & & & & & 2.15 & & & & 134 & \\ \hline Pretax income & & & 20.72 & & & & 19.21 & & & & & 1.51 & & & & 8 & \\ \hline Income tax expense & & & 5.86 & & & & 5.04 & & & & & 0.82 & & & & 16 & \\ \hline Net income & & $ & 14.86 & & & $ & 14.17 & & & & $ & 0.69 & & & & 5 & % \\ \hline Diluted EPS & & $ & 0.78 & & & $ & 0.74 & & & & $ & 0.04 & & & & 5 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (D) & & $ & 56.17 & & & $ & 52.99 & & & & $ & 3.18 & & & & 6 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & 0.95 & % & & & & 0.01 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & 10.40 & % & & & & 0.54 & & & & & \\ \hline \end{table} (A) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory and mortgage banking activities. (B) The December 31, 2021 quarter included a $265,000 loss on sale of loans. (C) The December 2021 quarter included $893,000 related to a swap valuation allowance. The September 2021 quarter included $1.4 million related to a swap valuation allowance. (D) Total revenue equals the sum of net interest income plus total other income. **Select highlights:** **Peapack Private Wealth Management:** - AUM/AUA in our Peapack Private Wealth Management Division grew 8% (31% annualized) to $11.1 billion at December 31, 2021 from $10.3 billion at September 30, 2021, and 26% over the $8.8 billion at December 31, 2020. - Gross new business inflows for 2021 totaled $840 million. - Wealth Management fee income increased 30% to $14.0 million for Q4 2021 compared to $10.8 million for Q4 2020. - On July 1, 2021, we closed on the acquisition of Princeton Portfolio Strategies Group (“PPSG”). **Commercial Banking and Balance Sheet Management:** - At December 31, 2021, total loans (excluding $14 million of PPP loans) grew 15% to $4.83 billion compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020. - C&I loan/lease balances (excluding PPP loans) grew $216 million or 12% over 2020, with a large portion of that net growth occurring in Q4 2021. - SBA Income ($4.9 million) and Corporate Advisory fees ($3.5 million) totaled $8.4 million in 2021. - Core deposits (which includes noninterest-bearing demand and interest-bearing demand, savings and money market) totaled 89% of total deposits at December 31, 2021, with an average cost of 0.17%. - The net interest margin improved by 4 basis points in Q4 2021 compared to Q3 2021 and improved 21 basis points when compared to Q4 2020. **Capital Management:** - Continued to execute on the previously approved stock repurchase program – during Q4 repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. (For the year ended December 31, 2021, the Company repurchased 894,744 shares). - Tangible book value per share increased 6.2% to $27.05 at December 31, 2021 from $25.47 at December 31, 2020, despite recent stock repurchase activity and a wealth acquisition. See the Non-GAAP financial measures reconciliation included in this release. **SUPPLEMENTAL QUARTERLY DETAILS****:** **Wealth Management** In the December 2021 quarter, the Bank’s wealth management business generated a record $13.96 million in fee income, compared to $13.86 million for the September 30, 2021 quarter and $10.79 million for the December 2020 quarter. The market value of the Company’s AUM/AUA increased 26% to $11.1 billion at December 31, 2021 from $8.8 billion at December 31, 2020, due to organic new business, the PPSG acquisition, and favorable market conditions. John P. Babcock, President of the Peapack Private Wealth Management division, said, “2021 showed continued strong business from new clients as well as additional business from existing clients. Positive net flows, combined with solid client retention and favorable market conditions, all contributed to our strong quarterly and full year results.” Mr. Babcock went on to note, “While we will continue to look at supplementing our organic growth with selective acquisitions, M&A activity in the RIA space is hyper-competitive with purchase price multiples reaching all-time highs – making it challenging for us to obtain acceptable returns on invested capital. Internally, we are focused on completing our One Team consolidation of the businesses and people we have acquired over the last several years under a single operating and technology framework, completing our migration to a single trading platform and re-organizing our wealth business under a new, streamlined organizational structure to ensure the highest level of client experience, maximum efficiency, and growth.” **Loans / Commercial Banking** At December 31, 2021, loans totaled $4.83 billion (excluding $14 million of PPP loans), compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020, reflecting growth of 15%. This growth was achieved despite over $900 million of net paydown/payoff activity over the twelve-month period. Total C&I loans and leases (including the $14 million of PPP loans) at December 31, 2021 were $2.01 billion or 41% of the total loan portfolio. Mr. Kennedy noted, “Our commercial loan pipelines continue to be strong going into the new year, standing at approximately $350 million with the likelihood of a first quarter closing. Notwithstanding significant payoff activity, we believe that we will achieve high single digit loan growth for 2022.” Mr. Kennedy also noted, “We are proud to have built a leading middle market commercial banking franchise, as evidenced by over $200 million of net growth in our C&I Portfolio, continued growth in Treasury Management income, and our over $3 million of corporate advisory fees by our investment banking group – this team had record earnings in 2021 and continues to have a robust pipeline of new business opportunities.” **Funding / Liquidity / Interest Rate Risk Management** The Company actively manages its deposit base to reduce reliance on wholesale sourced deposits, volatility, and/or operational risk. Total deposits at December 31, 2021 increased $448 million to $5.27 billion from $4.82 billion at December 31, 2020. Along with the deposit growth, the change in mix was favorable, as noninterest bearing demand deposits increased $123 million, interest-bearing demand increased $439 million, while higher costing CDs declined $121 million and brokered deposits declined $25 million, when comparing December 31, 2021 to December 31, 2020. Mr. Kennedy noted, “89% of our deposits are demand, savings, or money market accounts, and our noninterest bearing deposits comprise 18% of our total deposits; both metrics reflect the relationship aspect of our deposit base.” At December 31, 2021, the Company’s balance sheet liquidity (investments available for sale, interest-earning deposits and cash) totaled $971.2 million (or 16% of assets). This level is lower than the level at September 30, 2021 due to an increase in loan activity during Q4 2021 and more in line with historical levels. The Company maintains backup liquidity of approximately $1.8 billion of secured funding with the Federal Home Loan Bank and $1.2 billion of secured funding from the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company’s loan and investment portfolios. Mr. Kennedy noted, “We are well positioned for a rise in interest rates given that 40% of our loan portfolio reprices within three months and 52% within one year. Our current modeling, with what we believe include conservative deposit beta assumptions, indicates net interest income will improve approximately 3% in year one and 5% in year two after a 100 basis point rate shock.” **Net Interest Income (NII)/Net Interest Margin (NIM)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Twelve Months Ended & & & Twelve Months Ended & & & & & & & & & \\ \hline & December 31, 2021 & & & December 31, 2020 & & & & & & & & & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 134,206 & & & 2.50% & & & $ & 123,099 & & & 2.58% & & & & & & & & & \\ \hline Prepayment premiums received on loan paydowns & & 2,085 & & & 0.04% & & & & 1,452 & & & 0.02% & & & & & & & & & \\ \hline Effect of maintaining excess interest earning cash & & (420 & ) & & -0.17% & & & & (1,320 & ) & & -0.21% & & & & & & & & & \\ \hline Effect of PPP loans & & 2,190 & & & 0.01% & & & & 4,371 & & & -0.08% & & & & & & & & & \\ \hline NII/NIM as reported & $ & 138,061 & & & 2.38% & & & $ & 127,602 & & & 2.31% & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & December 31, 2021 & & & September 30, 2021 & & & December 31, 2020 & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & NII & & & NIM & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 36,564 & & & 2.60% & & & $ & 34,635 & & & 2.56% & & & $ & 30,897 & & & 2.51% & \\ \hline Prepayment premiums received on loan paydowns & & 555 & & & 0.04% & & & & 325 & & & 0.02% & & & & 413 & & & 0.02% & \\ \hline Effect of maintaining excess interest earning cash & & (68 & ) & & -0.18% & & & & (46 & ) & & -0.14% & & & & (206 & ) & & -0.24% & \\ \hline Effect of PPP loans & & 161 & & & 0.00% & & & & 297 & & & -0.02% & & & & 631 & & & -0.04% & \\ \hline NII/NIM as reported & $ & 37,212 & & & 2.46% & & & $ & 35,211 & & & 2.42% & & & $ & 31,735 & & & 2.25% & \\ \hline \end{table} As shown above, the Company’s reported NII increased $2.0 million and NIM increased 4 basis points compared to the linked quarter. The Bank further lowered its cost of funds strategically and grew its average loan portfolio at rates/spreads beneficial to NIM. Future net interest income and net interest margin should benefit from the following: - Robust loan pipelines to generate loan growth. - Continued downward repricing of maturing CDs. - An increase in target Fed funds (should that occur). **Income from Capital Markets Activities** Noninterest income from Capital Markets activities (detailed below) totaled $3.52 million for the December 2021 quarter compared to $2.06 million for the September 2021 quarter and $1.90 million for the December 2020 quarter. The December 2021 quarterly results were driven by $2.18 million in Corporate Advisory income. The September 2021 quarter results were driven by $1.57 million in gains on sale of SBA loans. The December 2020 quarter reflected increased mortgage banking activity due to greater refinance activity in the low-rate environment. The December 2021, September 2021 and December 2020 quarters included no income from loan level, back-to-back swap activities, as there has been, and will continue to be, minimal activity for such in the current environment. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline (Dollars in thousands, except per share data) & & 2021 & & & 2021 & & & 2020 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) & & $ & 352 & & & $ & 408 & & & $ & 1,470 & \\ \hline Fee income related to loan level, back-to-back swaps & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans & & & 989 & & & & 1,569 & & & & 375 & \\ \hline Corporate advisory fee income & & & 2,180 & & & & 84 & & & & 50 & \\ \hline Total capital markets activity & & $ & 3,521 & & & $ & 2,061 & & & $ & 1,895 & \\ \hline \end{table} **Other Noninterest Income (other than Wealth Management fee income and Income from Capital Markets Activities)** Other noninterest income (as defined above) totaled $1.48 million, $1.86 million, and $1.72 million, for the December 2021, September 2021, and December 2020 quarters, respectively. The December 2021 quarter included $265,000 net loss on loans held for sale. **Operating Expenses** The Company’s total operating expenses were $31.70 million for the quarter ended December 31, 2021, compared to $32.18 million for the September 2021 quarter and $39.25 million for the December 2020 quarter. The December 2021 and September 2021 quarters included $893,000 and $1.35 million related to a swap valuation allowance, respectively. The December and September 2021 quarters also included a full quarter’s worth of expense related to the teams hired from Lucas and Noyes and the acquisition of PPSG. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for a valuation allowance on a loan held for sale and $210,000 related to the consolidation of two private banking offices. Mr. Kennedy noted, “While we continue to manage expenses closely and prudently, we will invest in our existing people as the market demands in order to retain the talent we have acquired, grow and expand our core wealth management and commercial banking businesses, including lift-outs, strategic hires, and wealth M&A, and invest in digital enhancements to further enhance the client experience.” **Income Taxes** The effective tax rate for the three months ended December 31, 2021 was 28.31%, as compared to 26.22% for the September 2021 quarter and 33.29% for the quarter ended December 31, 2020. A tax return to book adjustment recorded in the December 2020 quarter coupled with reduced pretax income in the quarter, increased the December 2020 effective tax rate by approximately 5%. The effective annual tax rate for 2021 was 27.09% compared to 18.16% for 2020. During the first quarter of 2020, the Company recorded a $3.34 million tax benefit, principally due to a $3.2 million federal income tax benefit that resulted from a tax NOL carryback. The Company had a $23 million operating loss for tax purposes in 2018 (when the federal tax rate was 21%) resulting from accelerated tax depreciation. Under the CARES Act, the Company was allowed to carry this NOL back to a period when the federal tax rate was 35%, generating a permanent tax benefit. **Asset Quality / Provision for Loan and Lease Losses** Nonperforming assets (which does not include troubled debt restructured loans that are performing in accordance with their terms) at December 31, 2021 were $15.6 million, or 0.26% of total assets, compared to $25.9 million, or 0.42% of total assets, at September 30, 2021. The $10.3 million decline was largely due to a $2 million C&I loan moved back to accrual status, and a $7 million charge-off of the specific reserve on the commercial real estate loan with a large retail component located in Manhattan, and on deferral, that was placed on nonaccrual status in the third quarter of 2021. For the quarter ended December 31, 2021, the Company’s provision for loan and lease losses was $3.8 million compared to $1.6 million for the September 2021 quarter and $2.4 million for the December 2020 quarter. The increased provision for loan and lease losses in the December 2021 quarter, when compared to the linked quarter and the 2020 quarter, was due principally to significant loan growth during the December 2021 quarter and additional specific reserves of $4.2 million on the commercial real estate loan noted above, offset by reduced qualitative loss factors related to the unemployment rate and amount of loan deferrals and other economic qualitative factors due to the COVID-19 pandemic. Loans on deferral, and accruing, entered into during the COVID-19 pandemic have come down significantly from $914 million at June 30, 2020 to $13 million at December 31, 2021. The Company’s provision for loan and lease losses, and its allowance for loan and lease losses (ALLL) also reflect, among other things, the Company’s assessment of asset quality metrics, net charge-offs/recoveries, and the composition of the loan portfolio. At December 31, 2021, the allowance for loan and lease losses was $61.70 million (1.27% of total loans), compared to $65.13 million at September 30, 2021 (1.42% of loans) and $67.31 million at December 31, 2020 (1.53% of total loans). The Company will adopt CECL during the first quarter of 2022 and does not expect a material adjustment upon adoption. **Capital** The Company’s capital position during the December 2021 quarter was benefitted by net income of $14.86 million, which was offset by the purchase of shares through the Company’s stock repurchase program and the quarterly dividend. During the fourth quarter of 2021, the Company repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. GAAP Capital at December 31, 2021 was also impacted by an increase in the unrealized loss on available-for-sale securities in the fourth quarter of 2021, due to a rise in medium-term Treasury yields. The Company’s and Bank’s capital ratios at December 31, 2021 all remain strong. Such ratios remain well above regulatory well capitalized standards. As previously announced, in the fourth quarter of 2020, the Company successfully completed a private placement of $100 million in fixed-to floating rate subordinated notes due 2030 at a rate of 3.5%. Such funds benefitted the Company’s Regulatory Tier 2 Capital. At the time, the Company noted the proceeds raised would be used for general corporate purposes, which could include stock repurchases, the redemption of the Company’s then existing 6% subordinated debt and acquisitions of wealth management firms. Throughout the twelve months of 2021, the Company repurchased $29 million of stock. On June 30, 2021, the Company redeemed its 6% subordinated debt. On July 1, 2021, the Company closed on the acquisition of PPSG. The Company employs quarterly capital stress testing – adverse case and severely adverse case. In the most recent completed stress test on September 30, 2021, under severely adverse case, and no growth scenarios, the Bank remains well capitalized over a two-year stress period. With a Pandemic stress overlay, the Bank still remains well capitalized over the two-year stress period. On January 27, 2022, the Company declared a cash dividend of $0.05 per share payable on February 25, 2022, to shareholders of record on February 10, 2022. **ABOUT THE COMPANY** Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.1 billion and assets under management/administration of $11.1 billion as of December 31, 2021. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers. Peapack Private, the bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately-held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service. Visit [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4RpG3f0hf8P05FJomdfv97ti2vgdKOa35-xvCHFB8AmhHbwQ2vYlKo3J_miuAHcZQQ==) and [www.peapackprivate.com](https://www.globenewswire.com/Tracker?data=zhkim_Li_bfKiFsjMCYilzDSNx4HGRKhttDN3EyNcAkoPiX5EaJyl-ql2rX7vvZswkckMEz09upxASTPcZBA6uf3kunNHb18xOMaz7sntyE=) for more information. The foregoing may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to: - our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan; - the impact of anticipated higher operating expenses in 2022 and beyond; - our ability to successfully integrate wealth management firm acquisitions; - our ability to manage our growth; - our ability to successfully integrate our expanded employee base; - an unexpected decline in the economy, in particular in our New Jersey and New York market areas; - declines in our net interest margin caused by the interest rate environment and/or our highly competitive market; - declines in the value in our investment portfolio; - impact from a pandemic event on our business, operations, customers, allowance for loan losses and capital levels; - higher than expected increases in our allowance for loan and lease losses; - higher than expected increases in loan and lease losses or in the level of delinquent, nonperforming, classified and criticized loans; - changes in interest rates; - decline in real estate values within our market areas; - legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs; - successful cyberattacks against our IT infrastructure and that of our IT and third-party providers; - higher than expected FDIC insurance premiums; - adverse weather conditions; - our inability to successfully generate new business in new geographic markets; - a reduction in our lower-cost funding sources; - our inability to adapt to technological changes; - claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; - our inability to retain key employees; - demands for loans and deposits in our market areas; - adverse changes in securities markets; - changes in accounting policies and practices; and - other unexpected material adverse changes in our operations or earnings. Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 pandemic on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: - demand for our products and services may decline, making it difficult to grow assets and income; - if the economy worsens, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; - collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; - our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; - the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; - a material decrease in net income or a net loss over several quarters could result in an elimination or a decrease in the rate of our quarterly cash dividend; - our wealth management revenues may decline with continuing market turmoil; - a worsening of business and economic conditions or in the financial markets could result in an impairment of certain intangible assets, such as goodwill; - the unanticipated loss or unavailability of key employees due to the outbreak, which could harm our ability to operate our business or execute our business strategy, especially as we may not be successful in finding and integrating suitable successors; - we may face litigation, regulatory enforcement and reputation risk as a result of our participation in the PPP and the risk that the SBA may not fund some or all PPP loan guaranties; - our cyber security risks are increased as the result of an increase in the number of employees working remotely; and - FDIC premiums may increase if the agency experience additional resolution costs. A discussion of these and other factors that could affect our results is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2020. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. **Contact:** Jeffrey J. Carfora, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-719-4308 **(Tables to follow)** **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 42,075 & & & $ & 40,067 & & & $ & 39,686 & & & $ & 38,239 & & & $ & 38,532 & \\ \hline Interest expense & & & 4,863 & & & & 4,856 & & & & 5,841 & & & & 6,446 & & & & 6,797 & \\ \hline Net interest income & & & 37,212 & & & & 35,211 & & & & 33,845 & & & & 31,793 & & & & 31,735 & \\ \hline Wealth management fee income & & & 13,962 & & & & 13,860 & & & & 13,034 & & & & 12,131 & & & & 10,791 & \\ \hline Service charges and fees & & & 996 & & & & 959 & & & & 896 & & & & 846 & & & & 859 & \\ \hline Bank owned life insurance & & & 308 & & & & 311 & & & & 466 & & & & 611 & & & & 313 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 352 & & & & 408 & & & & 409 & & & & 1,025 & & & & 1,470 & \\ \hline (Loss)/Gain on loans held for sale at lower of cost or fair value (B) & & & (265 & ) & & & — & & & & 1,125 & & & & 282 & & & & — & \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans (A) & & & 989 & & & & 1,569 & & & & 932 & & & & 1,449 & & & & 375 & \\ \hline Corporate advisory fee income (A) & & & 2,180 & & & & 84 & & & & 121 & & & & 1,098 & & & & 50 & \\ \hline Loss on swap termination & & & — & & & & — & & & & (842 & ) & & & — & & & & — & \\ \hline Other income (C) & & & 581 & & & & 660 & & & & 1,495 & & & & 643 & & & & 590 & \\ \hline Securities (losses)/gains, net & & & (139 & ) & & & (70 & ) & & & 42 & & & & (265 & ) & & & (42 & ) \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Salaries and employee benefits (D) & & & 20,105 & & & & 19,859 & & & & 19,910 & & & & 21,990 & & & & 19,902 & \\ \hline Premises and equipment & & & 4,519 & & & & 4,459 & & & & 4,074 & & & & 4,113 & & & & 4,189 & \\ \hline FDIC insurance expense & & & 402 & & & & 555 & & & & 529 & & & & 585 & & & & 665 & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Other expenses & & & 5,785 & & & & 5,962 & & & & 6,171 & & & & 4,906 & & & & 5,284 & \\ \hline Total operating expenses & & & 31,704 & & & & 32,185 & & & & 30,684 & & & & 31,594 & & & & 39,249 & \\ \hline Pretax income before provision for loan losses & & & 24,472 & & & & 20,807 & & & & 20,839 & & & & 18,019 & & & & 6,892 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline Income before income taxes & & & 20,722 & & & & 19,207 & & & & 19,939 & & & & 17,794 & & & & 4,542 & \\ \hline Income tax expense & & & 5,867 & & & & 5,036 & & & & 5,521 & & & & 4,616 & & & & 1,512 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Total revenue (E) & & $ & 56,176 & & & $ & 52,992 & & & $ & 51,523 & & & $ & 49,613 & & & $ & 46,141 & \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 0.80 & & & $ & 0.76 & & & $ & 0.76 & & & $ & 0.70 & & & $ & 0.16 & \\ \hline Earnings per share (diluted) & & & 0.78 & & & & 0.74 & & & & 0.74 & & & & 0.67 & & & & 0.16 & \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,483,268 & & & & 18,763,316 & & & & 18,963,237 & & & & 18,950,305 & & & & 18,947,864 & \\ \hline Diluted & & & 19,070,594 & & & & 19,273,831 & & & & 19,439,439 & & & & 19,531,689 & & & & 19,334,569 & \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized (ROAA) & & & 0.96 & % & & & 0.95 & % & & & 0.97 & % & & & 0.89 & % & & & 0.21 & % \\ \hline Return on average equity annualized (ROAE) & & & 10.94 & % & & & 10.40 & % & & & 10.86 & % & & & 10.03 & % & & & 2.32 & % \\ \hline Return on average tangible common equity (ROATCE) (F) & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.46 & % & & & 2.42 & % & & & 2.38 & % & & & 2.28 & % & & & 2.25 & % \\ \hline GAAP efficiency ratio (G) & & & 56.44 & % & & & 60.74 & % & & & 59.55 & % & & & 63.68 & % & & & 85.06 & % \\ \hline Operating expenses / average assets annualized & & & 2.05 & % & & & 2.16 & % & & & 2.06 & % & & & 2.14 & % & & & 2.66 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes a $1.1 million gain on sale of $57 million of PPP loans completed in the June 2021 quarter. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the June 2021 quarter. (D) The March 2021 quarter included $1.5 million of severance expense related to corporate restructuring. (E) Total revenue equals the sum of net interest income plus total other income. (F) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income. See Non-GAAP financial measures reconciliation included in these tables. (G) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & & & & & & & & & \\ \hline & & December 31, & & & Change & \\ \hline & & 2021 & & & 2020 & & & $ & & & % & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 160,067 & & & $ & 165,750 & & & $ & (5,683 & ) & & & -3 & % \\ \hline Interest expense & & & 22,006 & & & & 38,148 & & & & (16,142 & ) & & & -42 & % \\ \hline Net interest income & & & 138,061 & & & & 127,602 & & & & 10,459 & & & & 8 & % \\ \hline Wealth management fee income & & & 52,987 & & & & 40,861 & & & & 12,126 & & & & 30 & % \\ \hline Service charges and fees & & & 3,697 & & & & 3,155 & & & & 542 & & & & 17 & % \\ \hline Bank owned life insurance & & & 1,696 & & & & 1,273 & & & & 423 & & & & 33 & % \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 2,194 & & & & 3,266 & & & & (1,072 & ) & & & -33 & % \\ \hline Gain on loans held for sale at lower of cost or fair value (B) & & & 1,142 & & & & 7,426 & & & & (6,284 & ) & & & -85 & % \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & 1,620 & & & & (1,620 & ) & & & -100 & % \\ \hline Gain on sale of SBA loans (A) & & & 4,939 & & & & 1,766 & & & & 3,173 & & & & 180 & % \\ \hline Corporate advisory fee income (A) & & & 3,483 & & & & 265 & & & & 3,218 & & & & 1214 & % \\ \hline Loss on swap termination & & & (842 & ) & & & — & & & & (842 & ) & & N/A & \\ \hline Other income (C) & & & 3,379 & & & & 1,847 & & & & 1,532 & & & & 83 & % \\ \hline Securities (losses)/gains, net & & & (432 & ) & & & 281 & & & & (713 & ) & & & -254 & % \\ \hline Total other income & & & 72,243 & & & & 61,760 & & & & 10,483 & & & & 17 & % \\ \hline Salaries and employee benefits (D) & & & 81,864 & & & & 77,516 & & & & 4,348 & & & & 6 & % \\ \hline Premises and equipment & & & 17,165 & & & & 16,377 & & & & 788 & & & & 5 & % \\ \hline FDIC insurance expense & & & 2,071 & & & & 1,975 & & & & 96 & & & & 5 & % \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & & & & (4,784 & ) & & & -100 & % \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & & & & (4,425 & ) & & & -100 & % \\ \hline Swap valuation allowance & & & 2,243 & & & & — & & & & 2,243 & & & N/A & \\ \hline Other expenses & & & 22,824 & & & & 19,882 & & & & 2,942 & & & & 15 & % \\ \hline Total operating expenses & & & 126,167 & & & & 124,959 & & & & 1,208 & & & & 1 & % \\ \hline Pretax income before provision for loan losses & & & 84,137 & & & & 64,403 & & & & 19,734 & & & & 31 & % \\ \hline Provision for loan and lease losses (E) & & & 6,475 & & & & 32,400 & & & & (25,925 & ) & & & -80 & % \\ \hline Income before income taxes & & & 77,662 & & & & 32,003 & & & & 45,659 & & & & 143 & % \\ \hline Income tax expense (F) & & & 21,040 & & & & 5,811 & & & & 15,229 & & & & 262 & % \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & & & $ & 30,430 & & & & 116 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Total revenue (G) & & $ & 210,304 & & & $ & 189,362 & & & $ & 20,942 & & & & 11 & % \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 3.01 & & & $ & 1.39 & & & $ & 1.62 & & & & 117 & % \\ \hline Earnings per share (diluted) & & & 2.93 & & & & 1.37 & & & & 1.56 & & & & 114 & % \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,788,679 & & & & 18,896,825 & & & & (108,146 & ) & & & -1 & % \\ \hline Diluted & & & 19,292,602 & & & & 19,081,187 & & & & 211,415 & & & & 1 & % \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & \\ \hline Return on average assets (ROAA) & & & 0.94 & % & & & 0.45 & % & & & 0.49 & % & & & 110 & % \\ \hline Return on average equity (ROAE) & & & 10.56 & % & & & 5.11 & % & & & 5.45 & % & & & 107 & % \\ \hline Return on average tangible common equity (ROATCE) (H) & & & 11.56 & % & & & 5.55 & % & & & 6.01 & % & & & 108 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.38 & % & & & 2.31 & % & & & 0.07 & % & & & 3 & % \\ \hline GAAP efficiency ratio (I) & & & 59.99 & % & & & 65.99 & % & & & (6.00 & )% & & & -9 & % \\ \hline Operating expenses / average assets & & & 2.10 & % & & & 2.16 & % & & & (0.06 & )% & & & -3 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes $1.1 million (2021) and $7.4 million (2020) of gains on sale of PPP loans of $57 million and $355 million completed in the twelve months ended December 31, 2021 and 2020, respectively. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the twelve months ended December 31, 2021. (D) 2021 included $1.5 million of severance expense related to corporate restructuring. (E) 2020 included a higher provision for loan and lease losses primarily due to the COVID-19 pandemic. (F) 2020 included a $3.2 million tax benefit related to the carryback of tax NOLs to prior years when the federal tax rate was 14% higher. (G) Total revenue equals the sum of net interest income plus total other income. (H) Return on average tangible common equity is calculated by dividing tangible common equity by net income. See Non-GAAP financial measures reconciliation included in these tables. (I) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **PEAPACK-GLADSTONE FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF CONDITION****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline ASSETS & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & $ & 5,929 & & & $ & 9,299 & & & $ & 12,684 & & & $ & 8,159 & & & $ & 10,629 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & 102 & \\ \hline Interest-earning deposits & & & 140,875 & & & & 606,913 & & & & 190,778 & & & & 468,276 & & & & 642,591 & \\ \hline Total cash and cash equivalents & & & 146,804 & & & & 616,212 & & & & 203,462 & & & & 476,537 & & & & 653,322 & \\ \hline Securities held to maturity & & & 108,680 & & & & — & & & & — & & & & — & & & & — & \\ \hline Securities available for sale & & & 796,753 & & & & 843,779 & & & & 823,820 & & & & 875,301 & & & & 622,689 & \\ \hline Equity security & & & 14,685 & & & & 14,824 & & & & 14,894 & & & & 14,852 & & & & 15,117 & \\ \hline FHLB and FRB stock, at cost & & & 12,950 & & & & 12,950 & & & & 12,901 & & & & 13,699 & & & & 13,709 & \\ \hline Residential mortgage & & & 501,340 & & & & 510,878 & & & & 504,181 & & & & 498,884 & & & & 520,188 & \\ \hline Multifamily mortgage & & & 1,595,866 & & & & 1,497,683 & & & & 1,420,043 & & & & 1,178,940 & & & & 1,127,198 & \\ \hline Commercial mortgage & & & 662,626 & & & & 680,107 & & & & 702,777 & & & & 697,599 & & & & 694,034 & \\ \hline Commercial loans (A) & & & 2,009,252 & & & & 1,833,532 & & & & 1,880,830 & & & & 1,982,570 & & & & 1,975,337 & \\ \hline Consumer loans & & & 33,687 & & & & 30,689 & & & & 31,889 & & & & 36,519 & & & & 37,016 & \\ \hline Home equity lines of credit & & & 40,803 & & & & 42,512 & & & & 44,062 & & & & 45,624 & & & & 50,547 & \\ \hline Other loans & & & 238 & & & & 245 & & & & 204 & & & & 199 & & & & 225 & \\ \hline Total loans & & & 4,843,812 & & & & 4,595,646 & & & & 4,583,986 & & & & 4,440,335 & & & & 4,404,545 & \\ \hline Less: Allowances for loan and lease losses & & & 61,697 & & & & 65,133 & & & & 63,505 & & & & 67,536 & & & & 67,309 & \\ \hline Net loans & & & 4,782,115 & & & & 4,530,513 & & & & 4,520,481 & & & & 4,372,799 & & & & 4,337,236 & \\ \hline Premises and equipment & & & 23,044 & & & & 23,123 & & & & 23,261 & & & & 23,260 & & & & 21,609 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Accrued interest receivable & & & 21,589 & & & & 22,790 & & & & 23,117 & & & & 23,916 & & & & 22,495 & \\ \hline Bank owned life insurance & & & 46,663 & & & & 46,510 & & & & 46,605 & & & & 46,448 & & & & 46,809 & \\ \hline Goodwill and other intangible assets & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Finance lease right-of-use assets & & & 3,582 & & & & 3,769 & & & & 3,956 & & & & 4,143 & & & & 4,330 & \\ \hline Operating lease right-of-use assets & & & 9,775 & & & & 10,307 & & & & 9,569 & & & & 10,186 & & & & 9,421 & \\ \hline Other assets (B) & & & 62,451 & & & & 66,175 & & & & 66,466 & & & & 64,912 & & & & 99,764 & \\ \hline TOTAL ASSETS & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & & & & & & & & & & & & \\ \hline Deposits: & & & & & & & & & & & & & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & $ & 956,482 & & & $ & 986,765 & & & $ & 959,494 & & & $ & 908,922 & & & $ & 833,500 & \\ \hline Interest-bearing demand deposits & & & 2,287,894 & & & & 2,355,892 & & & & 1,978,497 & & & & 1,987,567 & & & & 1,849,254 & \\ \hline Savings & & & 154,914 & & & & 168,831 & & & & 147,227 & & & & 141,743 & & & & 130,731 & \\ \hline Money market accounts & & & 1,307,051 & & & & 1,287,686 & & & & 1,213,992 & & & & 1,256,605 & & & & 1,298,885 & \\ \hline Certificates of deposit – Retail & & & 409,608 & & & & 426,981 & & & & 446,143 & & & & 474,668 & & & & 530,222 & \\ \hline Certificates of deposit – Listing Service & & & 31,382 & & & & 31,382 & & & & 31,631 & & & & 31,631 & & & & 32,128 & \\ \hline Subtotal “customer” deposits & & & 5,147,331 & & & & 5,257,537 & & & & 4,776,984 & & & & 4,801,136 & & & & 4,674,720 & \\ \hline IB Demand – Brokered & & & 85,000 & & & & 85,000 & & & & 85,000 & & & & 110,000 & & & & 110,000 & \\ \hline Certificates of deposit – Brokered & & & 33,818 & & & & 33,804 & & & & 33,791 & & & & 33,777 & & & & 33,764 & \\ \hline Total deposits & & & 5,266,149 & & & & 5,376,341 & & & & 4,895,775 & & & & 4,944,913 & & & & 4,818,484 & \\ \hline Short-term borrowings & & & — & & & & — & & & & — & & & & 15,000 & & & & 15,000 & \\ \hline FHLB advances & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Paycheck Protection Program Liquidity Facility (C) & & & — & & & & 48,496 & & & & 83,586 & & & & 168,180 & & & & 177,086 & \\ \hline Finance lease liability & & & 5,820 & & & & 6,063 & & & & 6,299 & & & & 6,528 & & & & 6,753 & \\ \hline Operating lease liability & & & 10,111 & & & & 10,644 & & & & 9,902 & & & & 10,509 & & & & 9,737 & \\ \hline Subordinated debt, net (D) & & & 132,701 & & & & 132,629 & & & & 132,557 & & & & 181,837 & & & & 181,794 & \\ \hline Other liabilities (B) & & & 116,824 & & & & 123,098 & & & & 125,110 & & & & 120,219 & & & & 154,466 & \\ \hline TOTAL LIABILITIES & & & 5,531,605 & & & & 5,697,271 & & & & 5,253,229 & & & & 5,447,186 & & & & 5,363,320 & \\ \hline Shareholders’ equity & & & 546,388 & & & & 543,014 & & & & 538,459 & & & & 522,441 & & & & 527,122 & \\ \hline TOTAL LIABILITIES AND & & & & & & & & & & & & & & & & & & & & \\ \hline SHAREHOLDERS’ EQUITY & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Assets under management and / or administration at Peapack-Gladstone Bank’s Private Wealth Management Division (market value, not included above-dollars in billions) & & $ & 11.1 & & & $ & 10.3 & & & $ & 9.8 & & & $ & 9.4 & & & $ & 8.8 & \\ \hline \end{table} (A) Includes PPP loans of $14 million at December 31, 2021; $49 million at September 30, 2021; $84 million at June 30, 2021; $233 million at March 31, 2021; and $196 million at December 31, 2020. (B) The change in other assets and other liabilities was primarily due to the change in the fair value of our back-to-back swap program. (C) Represents funding provided by the Federal Reserve for pledged PPP loans. (D) The decrease was due to the redemption of a $50 million subordinated debt on June 30, 2021. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Asset Quality: & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due over 90 days and still accruing & & $ & — & & & $ & — & & & $ & — & & & $ & — & & & $ & — & \\ \hline Nonaccrual loans (A) & & & 15,573 & & & & 25,925 & & & & 5,962 & & & & 11,767 & & & & 11,410 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Total nonperforming assets & & $ & 15,573 & & & $ & 25,925 & & & $ & 5,962 & & & $ & 11,817 & & & $ & 11,460 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Nonperforming loans to total loans & & & 0.32 & % & & & 0.56 & % & & & 0.13 & % & & & 0.27 & % & & & 0.26 & % \\ \hline Nonperforming assets to total assets & & & 0.26 & % & & & 0.42 & % & & & 0.10 & % & & & 0.20 & % & & & 0.19 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Performing TDRs (B)(C) & & $ & 2,479 & & & $ & 416 & & & $ & 190 & & & $ & 197 & & & $ & 201 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due 30 through 89 days and still accruing (D)(E) & & $ & 8,606 & & & $ & 1,193 & & & $ & 1,678 & & & $ & 1,622 & & & $ & 5,053 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans subject to special mention & & $ & 116,490 & & & $ & 115,935 & & & $ & 148,601 & & & $ & 166,013 & & & $ & 162,103 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Classified loans & & $ & 50,702 & & & $ & 51,937 & & & $ & 11,178 & & & $ & 25,714 & & & $ & 37,771 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Impaired loans & & $ & 18,052 & & & $ & 26,341 & & & $ & 6,498 & & & $ & 11,964 & & & $ & 16,204 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Allowance for loan and lease losses: & & & & & & & & & & & & & & & & & & & & \\ \hline Beginning of period & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & & & $ & 66,145 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline (Charge-offs)/recoveries, net & & & (7,186 & ) & & & 28 & & & & (4,931 & ) & & & 2 & & & & (1,186 & ) \\ \hline End of period & & $ & 61,697 & & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline ALLL to nonperforming loans & & & 396.18 & % & & & 251.24 & % & & & 1065.16 & % & & & 573.94 & % & & & 589.91 & % \\ \hline ALLL to total loans & & & 1.27 & % & & & 1.42 & % & & & 1.39 & % & & & 1.52 & % & & & 1.53 & % \\ \hline General ALLL to total loans (F) & & & 1.19 & % & & & 1.26 & % & & & 1.38 & % & & & 1.45 & % & & & 1.47 & % \\ \hline \end{table} (A) Increase at September 30, 2021 due to one large CRE loan with a retail component, located in Manhattan. (B) Amounts reflect TDRs that are paying according to restructured terms. (C) Amount excludes $1.1 million at December 31, 2021, $4.0 million at September 30, 2021, $3.9 million at June 30, 2021, $3.9 million at March 31, 2021 and $4.0 million at December 31, 2020 of TDRs included in nonaccrual loans. (D) Includes $6.9 million for one equipment lease principally due to administrative issues with the servicer and at the lessee/borrower at December 31, 2021. Payment was received in January. (E) December 31, 2020 includes $1.3 million of residential loans that are classified as delinquent due to an escrow payment shortage due to a recent change in escrow payment requirement. (F) Total ALLL less specific reserves equals general ALLL. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Capital Adequacy & & & & & & & & & & & & & & & & & & \\ \hline Equity to total assets (A) & & & & & 8.99 & % & & & & & 8.70 & % & & & & & 8.95 & % \\ \hline Tangible Equity to tangible assets (B) & & & & & 8.25 & % & & & & & 7.97 & % & & & & & 8.27 & % \\ \hline Book value per share (C) & & & & $ & 29.70 & & & & & $ & 29.15 & & & & & $ & 27.78 & \\ \hline Tangible Book Value per share (D) & & & & $ & 27.05 & & & & & $ & 26.50 & & & & & $ & 25.47 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Regulatory Capital – Holding Company & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage & & $ & 508,231 & & & 8.29% & & & $ & 501,188 & & & 8.56% & & & $ & 483,535 & & & 8.53% & \\ \hline Tier I capital to risk-weighted assets & & & 508,231 & & & & 10.62 & & & & 501,188 & & & 10.97 & & & & 483,535 & & & 11.93 & \\ \hline Common equity tier I capital ratio to risk-weighted assets & & & 508,207 & & & & 10.62 & & & & 501,159 & & & 10.97 & & & & 483,500 & & & 11.93 & \\ \hline Tier I & II capital to risk-weighted assets & & & 700,790 & & & & 14.64 & & & & 691,044 & & & 15.12 & & & & 716,210 & & & 17.67 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Regulatory Capital – Bank & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage (E) & & $ & 612,762 & & & 9.99% & & & $ & 594,610 & & & 10.15% & & & $ & 549,575 & & & 9.71% & \\ \hline Tier I capital to risk-weighted assets (F) & & & 612,762 & & & & 12.80 & & & & 594,610 & & & 13.01 & & & & 549,575 & & & 13.55 & \\ \hline Common equity tier I capital ratio to risk-weighted assets (G) & & & 612,738 & & & & 12.80 & & & & 594,581 & & & 13.01 & & & & 549,540 & & & 13.55 & & \\ \hline Tier I & II capital to risk-weighted assets (H) & & & 672,614 & & & & 14.05 & & & & 651,841 & & & 14.26 & & & & 600,478 & & & 14.81 & \\ \hline \end{table} (A) Equity to total assets is calculated as total shareholders’ equity as a percentage of total assets at period end. (B) Tangible equity and tangible assets are calculated by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. Tangible equity as a percentage of tangible assets at period end is calculated by dividing tangible equity by tangible assets at period end. See Non-GAAP financial measures reconciliation included in these tables. (C) Book value per common share is calculated by dividing shareholders’ equity by period end common shares outstanding (D) Tangible book value per share excludes intangible assets. Tangible book value per share is calculated by dividing tangible equity by period end common shares outstanding. See Non-GAAP financial measures reconciliation tables. (E) Regulatory well capitalized standard = 5.00% ($307 million) (F) Regulatory well capitalized standard = 8.00% ($383 million) (G) Regulatory well capitalized standard = 6.50% ($311 million) (H) Regulatory well capitalized standard = 10.00% ($479 million) **PEAPACK-GLADSTONE FINANCIAL CORPORATION****LOANS CLOSED****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Quarters Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 22,953 & & & $ & 36,845 & & & $ & 37,083 & & & $ & 15,814 & & & $ & 22,316 & \\ \hline Residential loans sold & & & 20,694 & & & & 24,041 & & & & 25,432 & & & & 45,873 & & & & 64,630 & \\ \hline Total residential loans & & & 43,647 & & & & 60,886 & & & & 62,515 & & & & 61,687 & & & & 86,946 & \\ \hline Commercial real estate & & & 16,134 & & & & 14,944 & & & & 12,243 & & & & 38,363 & & & & — & \\ \hline Multifamily & & & 162,740 & & & & 120,716 & & & & 255,820 & & & & 85,009 & & & & 1,184 & \\ \hline Commercial (C&I) loans (A) (B) & & & 341,886 & & & & 143,121 & & & & 141,285 & & & & 129,141 & & & & 218,235 & \\ \hline SBA (C) & & & 27,630 & & & & 11,570 & & & & 15,976 & & & & 58,730 & & & & 8,355 & \\ \hline Wealth lines of credit (A) & & & 7,500 & & & & 10,020 & & & & 3,200 & & & & 2,475 & & & & 3,925 & \\ \hline Total commercial loans & & & 555,890 & & & & 300,371 & & & & 428,524 & & & & 313,718 & & & & 231,699 & \\ \hline Installment loans & & & 94 & & & & 178 & & & & 25 & & & & 63 & & & & 690 & \\ \hline Home equity lines of credit (A) & & & 5,359 & & & & 2,535 & & & & 4,140 & & & & 1,899 & & & & 2,330 & \\ \hline Total loans closed & & $ & 604,990 & & & $ & 363,970 & & & $ & 495,204 & & & $ & 377,367 & & & $ & 321,665 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 112,695 & & & $ & 88,373 & \\ \hline Residential loans sold & & & 116,040 & & & & 175,603 & \\ \hline Total residential loans & & & 228,735 & & & & 263,976 & \\ \hline Commercial real estate & & & 81,684 & & & & 11,219 & \\ \hline Multifamily & & & 624,285 & & & & 76,642 & \\ \hline Commercial (C&I) loans (A) (B) & & & 755,433 & & & & 478,485 & \\ \hline SBA (C) & & & 113,906 & & & & 622,798 & \\ \hline Wealth lines of credit (A) & & & 23,195 & & & & 9,675 & \\ \hline Total commercial loans & & & 1,598,503 & & & & 1,198,819 & \\ \hline Installment loans & & & 360 & & & & 2,149 & \\ \hline Home equity lines of credit (A) & & & 13,933 & & & & 15,001 & \\ \hline Total loans closed & & $ & 1,841,531 & & & $ & 1,479,945 & \\ \hline \end{table} (A) Includes loans and lines of credit that closed in the period but not necessarily funded. (B) Includes equipment finance. (C) Includes PPP loans of $9 million for the quarter ended June 30, 2021, $47 million for the quarter ended March 31, 2021 and $596 million for the twelve months ended December 31, 2020. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 636,417 & & & $ & 2,033 & & & & 1.28 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 8,137 & & & & 101 & & & & 4.96 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 520,123 & & & & 4,372 & & & & 3.36 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 1,865,953 & & & & 14,796 & & & & 3.17 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,943,855 & & & & 16,587 & & & & 3.41 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 10,376 & & & & 108 & & & & 4.16 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 44,581 & & & & 320 & & & & 2.87 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 51,545 & & & & 429 & & & & 3.33 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 281 & & & & 6 & & & & 8.54 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,436,714 & & & & 36,618 & & & & 3.30 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 614,024 & & & & 148 & & & & 0.10 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,695,394 & & & & 38,900 & & & & 2.73 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 9,632 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (68,862 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 21,698 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 238,856 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 201,324 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 1,850,917 & & & $ & 1,059 & & & & 0.23 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,273,681 & & & & 811 & & & & 0.25 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 128,195 & & & & 17 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 602,068 & & & & 2,106 & & & & 1.40 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,854,861 & & & & 3,993 & & & & 0.41 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 113,696 & & & & 514 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,756 & & & & 267 & & & & 3.16 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,002,313 & & & & 4,774 & & & & 0.48 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 244,753 & & & & 616 & & & & 1.01 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,832 & & & & 82 & & & & 4.80 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 94,437 & & & & 1,325 & & & & 5.61 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,348,335 & & & & 6,797 & & & & 0.63 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 858,004 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 166,933 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,024,937 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 523,446 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 32,103 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.10 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.25 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & September 30, 2021 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 820,574 & & & $ & 2,824 & & & & 1.38 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 6,035 & & & & 64 & & & & 4.24 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 503,621 & & & & 3,779 & & & & 3.00 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 2,133,259 & & & & 16,114 & & & & 3.02 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,826,368 & & & & 16,553 & & & & 3.63 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 24,596 & & & & 198 & & & & 3.22 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 32,219 & & & & 245 & & & & 3.04 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 43,182 & & & & 357 & & & & 3.31 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 252 & & & & 5 & & & & 7.94 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,563,497 & & & & 37,251 & & & & 3.27 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 413,623 & & & & 142 & & & & 0.14 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,803,729 & & & & 40,281 & & & & 2.78 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 8,592 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (64,100 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 23,311 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 201,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 169,090 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 2,098,827 & & & $ & 1,177 & & & & 0.22 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,257,760 & & & & 683 & & & & 0.22 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 152,759 & & & & 20 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 461,917 & & & & 836 & & & & 0.72 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,971,263 & & & & 2,716 & & & & 0.27 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 85,000 & & & & 385 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,796 & & & & 266 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,090,059 & & & & 3,367 & & & & 0.33 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 64,332 & & & & 57 & & & & 0.35 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,147 & & & & 74 & & & & 4.82 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 132,588 & & & & 1,358 & & & & 4.10 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,293,126 & & & & 4,856 & & & & 0.45 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 997,450 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 137,387 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,134,837 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 544,856 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 35,425 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.33 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.42 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTWELVE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 838,174 & & & $ & 11,577 & & & & 1.38 & % & & $ & 510,245 & & & $ & 8,782 & & & & 1.72 & % \\ \hline Tax-exempt (A) (B) & & & 6,579 & & & & 296 & & & & 4.50 & & & & 9,479 & & & & 477 & & & & 5.03 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 503,616 & & & & 15,359 & & & & 3.05 & & & & 528,687 & & & & 17,882 & & & & 3.38 & \\ \hline Commercial mortgages & & & 2,032,318 & & & & 63,298 & & & & 3.11 & & & & 1,958,262 & & & & 64,541 & & & & 3.30 & \\ \hline Commercial & & & 1,881,683 & & & & 66,652 & & & & 3.54 & & & & 1,969,115 & & & & 71,037 & & & & 3.61 & \\ \hline Commercial construction & & & 20,420 & & & & 692 & & & & 3.39 & & & & 5,932 & & & & 295 & & & & 4.97 & \\ \hline Installment & & & 34,390 & & & & 1,030 & & & & 3.00 & & & & 51,007 & & & & 1,532 & & & & 3.00 & \\ \hline Home equity & & & 44,735 & & & & 1,479 & & & & 3.31 & & & & 53,853 & & & & 1,940 & & & & 3.60 & \\ \hline Other & & & 247 & & & & 21 & & & & 8.50 & & & & 311 & & & & 29 & & & & 9.32 & \\ \hline Total loans & & & 4,517,409 & & & & 148,531 & & & & 3.29 & & & & 4,567,167 & & & & 157,256 & & & & 3.44 & \\ \hline Federal funds sold & & & 48 & & & & — & & & & 0.13 & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 477,477 & & & & 545 & & & & 0.11 & & & & 504,753 & & & & 968 & & & & 0.19 & \\ \hline Total interest-earning assets & & & 5,839,687 & & & & 160,949 & & & & 2.76 & % & & & 5,591,746 & & & & 167,483 & & & & 3.00 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 10,396 & & & & & & & & & & & & 7,025 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (67,075 & ) & & & & & & & & & & & (61,401 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,094 & & & & & & & & & & & & 21,455 & & & & & & & & & \\ \hline Other assets & & & 197,893 & & & & & & & & & & & & 219,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 164,308 & & & & & & & & & & & & 186,366 & & & & & & & & & \\ \hline Total assets & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,078,658 & & & $ & 4,426 & & & & 0.21 & % & & $ & 1,742,846 & & & $ & 7,279 & & & & 0.42 & % \\ \hline Money markets & & & 1,260,865 & & & & 2,882 & & & & 0.23 & & & & 1,227,295 & & & & 6,185 & & & & 0.50 & \\ \hline Savings & & & 146,210 & & & & 75 & & & & 0.05 & & & & 120,780 & & & & 63 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 483,889 & & & & 4,058 & & & & 0.84 & & & & 654,652 & & & & 11,476 & & & & 1.75 & \\ \hline Subtotal interest-bearing deposits & & & 3,969,622 & & & & 11,441 & & & & 0.29 & & & & 3,745,573 & & & & 25,003 & & & & 0.67 & \\ \hline Interest-bearing demand – brokered & & & 96,301 & & & & 1,721 & & & & 1.79 & & & & 143,388 & & & & 2,773 & & & & 1.93 & \\ \hline Certificates of deposit – brokered & & & 33,790 & & & & 1,058 & & & & 3.13 & & & & 33,735 & & & & 1,061 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,099,713 & & & & 14,220 & & & & 0.35 & & & & 3,922,696 & & & & 28,837 & & & & 0.74 & \\ \hline Borrowings & & & 110,077 & & & & 473 & & & & 0.43 & & & & 308,814 & & & & 3,976 & & & & 1.29 & \\ \hline Capital lease obligation & & & 6,260 & & & & 300 & & & & 4.79 & & & & 7,157 & & & & 343 & & & & 4.79 & \\ \hline Subordinated debt & & & 156,888 & & & & 7,013 & & & & 4.47 & & & & 86,246 & & & & 4,992 & & & & 5.79 & \\ \hline Total interest-bearing liabilities & & & 4,372,938 & & & & 22,006 & & & & 0.50 & % & & & 4,324,913 & & & & 38,148 & & & & 0.88 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 959,912 & & & & & & & & & & & & 787,191 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 134,948 & & & & & & & & & & & & 153,648 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,094,860 & & & & & & & & & & & & 940,839 & & & & & & & & & \\ \hline Shareholders’ equity & & & 536,197 & & & & & & & & & & & & 512,360 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 138,943 & & & & & & & & & & & $ & 129,335 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.26 & % & & & & & & & & & & & 2.12 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.38 & % & & & & & & & & & & & 2.31 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****NON-GAAP FINANCIAL MEASURES RECONCILIATION** Tangible book value per share and tangible equity as a percentage of tangible assets at period end are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. We calculate tangible book value per share by dividing tangible equity by period end common shares outstanding, as compared to book value per common share, which we calculate by dividing shareholders’ equity by period end common shares outstanding. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. The efficiency ratio is a non-GAAP measure of expense control relative to recurring revenue. We calculate the efficiency ratio by dividing total noninterest expenses, excluding other real estate owned provision, as determined under GAAP, by net interest income and total noninterest income as determined under GAAP, but excluding net gains/(losses) on loans held for sale at lower of cost or fair value and excluding net gains on securities from this calculation, which we refer to below as recurring revenue. We believe that this provides a reasonable measure of core expenses relative to core revenue. We believe these non-GAAP financial measures provide information that is important to investors and useful in understanding our financial position, results and ratios because our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titles measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity, tangible book value per share and efficiency ratio to the underlying GAAP numbers is set forth below. (Dollars in thousands, except share data) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Tangible Book Value Per Share & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Shareholders’ equity & & $ & 546,388 & & & $ & 543,014 & & & $ & 538,459 & & & $ & 522,441 & & & $ & 527,122 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible equity & & $ & 497,486 & & & $ & 493,681 & & & $ & 495,303 & & & $ & 478,917 & & & $ & 483,231 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Period end shares outstanding & & & 18,393,888 & & & & 18,627,910 & & & & 18,829,877 & & & & 19,034,870 & & & & 18,974,703 & \\ \hline Tangible book value per share & & $ & 27.05 & & & $ & 26.50 & & & $ & 26.30 & & & $ & 25.16 & & & $ & 25.47 & \\ \hline Book value per share & & & 29.70 & & & & 29.15 & & & & 28.60 & & & & 27.45 & & & & 27.78 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Tangible Equity to Tangible Assets & & & & & & & & & & & & & & & & & & & & \\ \hline Total assets & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible assets & & $ & 6,029,091 & & & $ & 6,190,952 & & & $ & 5,748,532 & & & $ & 5,926,103 & & & $ & 5,846,551 & \\ \hline Tangible equity to tangible assets & & & 8.25 & % & & & 7.97 & % & & & 8.62 & % & & & 8.08 & % & & & 8.27 & % \\ \hline Equity to assets & & & 8.99 & % & & & 8.70 & % & & & 9.30 & % & & & 8.75 & % & & & 8.95 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 543,035 & & & $ & 544,856 & & & $ & 530,971 & & & $ & 525,643 & & & $ & 523,446 & \\ \hline Less: Average intangible assets, net & & & 49,151 & & & & 48,757 & & & & 43,366 & & & & 43,742 & & & & 40,336 & \\ \hline Average tangible equity & & $ & 493,884 & & & $ & 496,099 & & & $ & 487,605 & & & $ & 481,901 & & & $ & 483,110 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2020 & \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & \\ \hline & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 536,197 & & & $ & 512,360 & \\ \hline Less: Average intangible assets, net & & & 46,275 & & & & 40,186 & \\ \hline Average tangible equity & & $ & 489,922 & & & $ & 472,174 & \\ \hline & & & & & & & & \\ \hline Return on average tangible common equity & & & 11.56 & % & & & 5.55 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 37,212 & & & $ & 35,211 & & & $ & 33,845 & & & $ & 31,793 & & & $ & 31,735 & \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Add: & & & & & & & & & & & & & & & & & & & & \\ \hline Securities losses/(gains), net & & & 139 & & & & 70 & & & & (42 & ) & & & 265 & & & & 42 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline Loss/(gain) on loans held for sale & & & & & & & & & & & & & & & & & & & & \\ \hline at lower of cost or fair value & & & 265 & & & & — & & & & (1,125 & ) & & & (282 & ) & & & — & \\ \hline Income from life insurance proceeds & & & — & & & & — & & & & (153 & ) & & & (302 & ) & & & — & \\ \hline Loss on swap termination & & & — & & & & — & & & & 842 & & & & — & & & & — & \\ \hline Total recurring revenue & & $ & 56,580 & & & $ & 53,062 & & & $ & 51,045 & & & $ & 49,294 & & & $ & 46,183 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Operating expenses & & $ & 31,704 & & & $ & 32,185 & & & $ & 30,684 & & & $ & 31,594 & & & $ & 39,249 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & — & & & & — & & & & 648 & & & & — & & & & — & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Severance expense & & & — & & & & — & & & & — & & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 30,811 & & & $ & 30,835 & & & $ & 30,036 & & & $ & 30,062 & & & $ & 30,040 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 54.46 & % & & & 58.11 & % & & & 58.84 & % & & & 60.99 & % & & & 65.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 138,061 & & & $ & 127,602 & \\ \hline Total other income & & & 72,243 & & & & 61,760 & \\ \hline Add: & & & & & & & & \\ \hline Securities losses/(gains), net & & & 432 & & & & (281 & ) \\ \hline Less: & & & & & & & & \\ \hline Loss/ on swap termination & & & 842 & & & & — & \\ \hline Income from life insurance proceeds & & & (455 & ) & & & — & \\ \hline (Gain) on loans held for sale & & & & & & & & \\ \hline at lower of cost or fair value & & & (1,142 & ) & & & (7,426 & ) \\ \hline Total recurring revenue & & $ & 209,981 & & & $ & 181,655 & \\ \hline & & & & & & & & \\ \hline Operating expenses & & $ & 126,167 & & & $ & 124,959 & \\ \hline Less: & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & 648 & & & & — & \\ \hline Swap valuation allowance & & & 2,243 & & & & — & \\ \hline Severance expense & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 121,744 & & & $ & 115,750 & \\ \hline & & & & & & & & \\ \hline Efficiency ratio & & & 57.98 & % & & & 63.72 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDg4MCM0Njk4MjkxIzUwMDAzMjA1OQ==) [Image](https://ml.globenewswire.com/media/Mjk3YWJiOTEtNmFiOC00N2JmLWI5ZGEtZTMzNjE4OWIzMWI0LTUwMDAzMjA1OQ==/tiny/Peapack-Gladstone-Financial-Co.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/53b6bb79-23d0-48f1-86d7-afdb745bcf7e) Source: Peapack-Gladstone Financial Corporation
Broader Sector Information:
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Date: 2022-01-28
Title: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline
Article: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: ACMR
Security: ACM Research, Inc.
Related Stocks/Topics: Technology|AAPL|MSFT|TSM|ALK|SPLK|TWLO|ARKK|CRWD
Title: Is It Time To Buy High-Growth Stocks?
Type: News
Publication: Zacks
Publication Author: Daniel Laboe
Date: 2022-01-28
Article: The interest rate sensitivity of high-growth stocks has caused their rich 2021 valuations to capitulate as yields soar. The Ark Innovation ETF [ARKK](https://www.nasdaq.com/market-activity/funds-and-etfs/arkk), the innovation benchmark, has tumbled -33% year-to-date, -60% off its February 2021 highs.Has fear and momentum trading caused the stock market to overdo this high-growth correction? The answer lies with your outlook on the Fed’s monetary approach to inflation and sustained demand.Fed Chair Powell has done a phenomenal job navigating these uncharted economic waters, and I believe his perception of natural inflation deceleration is valid. Powell and his regime of accommodative central bankers are doing everything in their power to keep the US economy growing.Outsized demand is what is causing this inflationary environment, and analyst beating results & forward guidance from Apple [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) & Microsoft [MSFT](https://www.nasdaq.com/market-activity/stocks/msft) just showed that our appetite for the hottest tech might be insatiable.Well-positioned tech is looking at accelerated secular growth over the next decade as society transitions in the 4th Industrial Revolution.It’s impossible to call a market bottom, but with the S&P 500 teetering around correction territory (-10% off recent highs), it’s time to start adding to your portfolio for the future. **Stocks I’m Adding To Today**: CrowdStrike [CRWD](https://www.nasdaq.com/market-activity/stocks/crwd), Twilio [TWLO](https://www.nasdaq.com/market-activity/stocks/twlo), TSMC [TSM](https://www.nasdaq.com/market-activity/stocks/tsm), Alaskan Air [ALK](https://www.nasdaq.com/market-activity/stocks/alk), ACM Research [ACMR](https://www.nasdaq.com/market-activity/stocks/acmr), & Splunk [SPLK](https://www.nasdaq.com/market-activity/stocks/splk). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_VIDEOBLOG_01282022&cid=CS-NASDAQ-FT-video_blog-1859309) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Microsoft Corporation (MSFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MSFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [ACM Research, Inc. (ACMR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ACMR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TSM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Alaska Air Group, Inc. (ALK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Splunk Inc. (SPLK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SPLK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Twilio Inc. (TWLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TWLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [ARK Innovation ETF (ARKK): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_VIDEOBLOG&d_alert=rd_final_rank&t=ARKK&split=1&cid=CS-NASDAQ-FT-video_blog-1859309) [CrowdStrike (CRWD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRWD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859309/is-it-time-to-buy-high-growth-stocks?cid=CS-NASDAQ-FT-video_blog-1859309) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 70.3967
Stock Price 2 days before: 76.8782
Stock Price 1 day before: 72.1697
Stock Price at release: 73.0464
Risk-Free Rate at release: 0.0004
| 80.3826 |
Broader Economic Information:
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Enterprise Financial Services' (NASDAQ:EFSC) Shareholders Will Receive A Bigger Dividend Than Last Year
Article: The board of **Enterprise Financial Services Corp** (NASDAQ:EFSC) has announced that it will be increasing its dividend on the 31st of March to US$0.21. Even though the dividend went up, the yield is still quite low at only 1.6%. **Enterprise Financial Services' Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, Enterprise Financial Services' earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.3% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.[historic-dividend](https://images.simplywall.st/asset/chart/3109911-historic-dividend-1-dark/1643364750984) NasdaqGS:EFSC Historic Dividend January 28th 2022**Enterprise Financial Services Has A Solid Track Record** The company has an extended history of paying stable dividends. Since 2012, the first annual payment was US$0.21, compared to the most recent full-year payment of US$0.84. This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable. **Enterprise Financial Services Could Grow Its Dividend** Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Enterprise Financial Services has impressed us by growing EPS at 7.6% per year over the past five years. Enterprise Financial Services definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We'd also point out that Enterprise Financial Services has issued stock equal to 44% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. **Enterprise Financial Services Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified [2 warning signs for Enterprise Financial Services](https://simplywall.st/stocks/us/banks/nasdaq-efsc/enterprise-financial-services?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYwODpmMTQxOGU3MDUzZWQ4NmY4)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
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Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Church & Dwight (CHD) Q4 Earnings Top Estimates, Sales Rise
Article: **Church & Dwight Co., Inc.** [CHD](https://www.nasdaq.com/market-activity/stocks/chd) reported solid fourth-quarter 2021 results, with the top and the bottom line increasing year over year. The company’s earnings and net sales surpassed the Zacks Consensus Estimate. **Quarter in Detail** Church & Dwight posted adjusted earnings of 64 cents per share that topped the Zacks Consensus Estimate of 58 cents and increased 20.8% from the year-ago quarter’s level. This upside was mainly backed by greater-than-anticipated revenues from the company’s consumer domestic business. Also, the reduced tax rate was an upside. This was somewhat offset by increased marketing investments for the company’s brands along with higher incentive compensation.Net sales of $1,368.7 million moved up 5.7% year over year and surpassed the Zacks Consensus Estimate of $1,348.8 million. Results were backed by solid consumption for the company’s brands. Organic sales rose 4.3%, with a favorable price and product mix of 6%. However, volumes declined 1.7%.The company saw consumption gains in 11 out of 16 domestic categories. **Church & Dwight Co., Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise)[Church & Dwight Co., Inc. price-eps-surprise](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise) | [Church & Dwight Co., Inc. Quote](https://www.nasdaq.com/market-activity/stocks/chd) The gross margin shrunk 50 basis points (bps) to 42.5% due tothe adverse impact from increased manufacturing costs, net of pricing and productivity.Marketing expenses remained unchanged year over year to $201.1 million. As a percentage of sales, the figure shrunk 90 bps to 14.7%. Adjusted SG&A expenses, as a percentage of sales, expanded 50 bps to 14.9%, thanks to acquisition costs, asset write-offs and increased compensation-related costs. **Segment Details****Consumer Domestic**: Net sales in the segment increased 5.1% to $1,041.7 million, owing to higher household and personal care sales. Organic sales improved 3.6%, driven by a higher price and product mix, somewhat negated by reduced volumes. OXICLEAN stain fighter powder, ARM & HAMMER clumping cat litter, ARM & HAMMER liquid detergent, ARM & HAMMER scent boosters and BATISTE dry shampoo aided the segment. **Consumer International**: Net sales in the segment increased 5.9% to $242 million, mainly on the back of the improvement of Global Markets Group. Organic sales were up 4.7%,with a volume rise of 4.2%. Organic sales growth was mainly driven by VITAFUSION, STERIMAR, FEMFRESH, NAIR and OXICLEAN in the Global Markets Group. **Specialty Products**: Sales in the segment advanced 12% to $85 million. Organic sales mainly increased on favorable price and volume. Dairy and non-dairy sales increased in the quarter. **Other Updates** Church & Dwight reported cash on hand of $240.6 million and total debt of $2.56 billion as of Dec 31, 2021. For 2021, cash from operating activities came in at $993.8 million. Capital expenditures amounted to $118.8 million in 2021.The company announced a 4% hike in its quarterly [dividend](https://www.zacks.com/stock/research/CHD/dividend-history) from 25.25 cents to 26.25 per share. The revised quarterly dividend will be paid on Mar 1, 2022, to shareholders of record as of Feb 15, 2022. This marks the company’s 26th consecutive year of a dividend hike. At present, management has almost 242 million shares outstanding under its buyback plan. **2022 View** Church & Dwight is on track to undertake impressive product launches in 2022. In the Health and Wellbeing category, the VITAFUSION brand rolled out 2 in 1 BI-LAYER GUMMIES and an Ashwaganda gummy line. The ZICAM brand is rolling out the first immune supplement gummies with Zinc + Vitamins C&D. In the Specialty Haircare category, the BATISTE brand is launching a Leave-in Hair Mask. The company’s personal care portfolio will be adding SPINBRUSH CLEAR AND CLEAN TM.Management expects 2022 reported sales growth in the range of 5-8% year over year, while organic sales are likely to rise 3-6%. The company expects various categories to remain at escalated consumption levels like laundry, gummy vitamins, laundry additives, hair growth supplements and cat litter in 2022.The company expects to witness additional cost inflation to the tune of $155 million when compared with 2021 level. That being said, it is on track to offset price inflation. However, management expects to face inflation at a greater rate than effective price increases in 2022.For 2022, the operating profit margin is likely to expand by 60-70 bps compared with the adjusted operating margin reported in the year-ago period. The gross margin is likely to be down from the 2021 level. Management anticipates earnings per share (EPS) between $3.14 and $3.26, up 4-8% compared with year-ago adjusted EPS. The metric is expected to be driven by operating income growth offset by a major rise inthe effective tax rate.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d8/16840.jpg?v=2106944569) Image Source: Zacks Investment Research** Q1 Outlook** For the first quarter of 2022, the company expects a 3-4% increase in reported sales and organic sales are estimated to rise 1-2%. EPS are projected to be 75 cents in the quarter, suggesting a 9.6% decline from the year-ago quarter’s adjusted figure.In the past three months, shares of this Zacks Rank #3 (Hold) company have increased 15.7% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/soap-and-cleaning-materials-174)’s growth of 7%. **Hot Consumer Staples Bets** Some better-ranked stocks are **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Flower Foods** [FLO](https://www.nasdaq.com/market-activity/stocks/flo).United Natural Foods, the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, sports a Zacks Rank #1 (Strong Buy). Shares of UNFI have declined 15.3% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for United Natural Foods’ current financial year EPS and sales suggests growth of 8.8% and 5.1%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have declined 4.5% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average.Flower Foods, the producer of packaged bakery foods in the United States, currently carries a Zacks Rank #2. Shares of FLO have gained 13% in the past three months.The Zacks Consensus Estimate for Flower Foods’ 2022 sales suggests growth of 1.9% from the year-ago reported figure. FLO has a trailing four-quarter earnings surprise of 15.4%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Church & Dwight Co., Inc. (CHD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CHD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Flowers Foods, Inc. (FLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859189/church-dwight-chd-q4-earnings-top-estimates-sales-rise?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: FWRD
Security: Forward Air Corporation
Related Stocks/Topics: Stocks
Title: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 109.716
Stock Price 2 days before: 108.085
Stock Price 1 day before: 104.013
Stock Price at release: 101.289
Risk-Free Rate at release: 0.0004
| 102.073 |
Broader Economic Information:
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Lowe's + Petco Store-in-store Set For Launch
Article: (RTTNews) - Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under one roof. This "one-of-a-kind specialty retail partnership" brings Petco shops to select Lowe's locations to offer customers trusted products, services and expertise for both home and pets in one, convenient stop at select Lowe's locations. "Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to create healthy, happy homes for pet parents and the pets they love," said Nick Konat, Petco's chief merchandising officer. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February. The company also plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. These Lowe's + Petco locations will offer pet parents a curated assortment of Petco's high-quality pet nutrition as well as health and wellness supplies and services, including Petco's beloved owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh, as well as a variety of popular national brands. This will add to Lowe's existing "pets welcome" atmosphere and selection of pet-friendly products such as STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies. All these products from Petco will also be available to purchase in store or on Lowes.com to be picked up curbside, in contactless pickup lockers or at the Customer Service desk at Lowe's pilot locations at no additional cost. Lowe's + Petco locations are also expected to offer a selection of Petco's pet services, including Vetco vaccination clinics, microchipping, prescription pest prevention, and mobile grooming at select times and locations. Lowe's is also looking to staff these Lowe's + Petco pilot locations with knowledgeable Petco employees during peak hours to offer pet-focused guidance alongside Lowe's associates' advice on home improvement projects. According to a recent online survey conducted by TRUE Global Intelligence on behalf of Lowe's, more than 11 million new pets entered U.S. homes since the start of the pandemic, with 67 percent of respondents having found their greatest comfort in their pets while nearly half found that comfort in their homes.
Date: 2022-01-28
Title: First Week of April 14th Options Trading For Vir Biotechnology
Article: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: Consumer Sector Update for 01/28/2022: COLM, OLPX, VFC
Article: Consumer stocks were trending higher in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) gaining 0.2%, paring most of its morning slide, while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7%. In company news, Columbia Sportswear ([COLM](https://www.nasdaq.com/market-activity/stocks/COLM))) rose 2.1% after Seaport Global Friday raised its investment call for the company to buy from neutral and setting a $120 price target. Olaplex ([OLPX](https://www.nasdaq.com/market-activity/stocks/OLPX))) rose 2.3% after Arcaea said Olaplex made an unspecified investment in the cosmetics startup late last year as part of a new partnership working to develop new haircare products. VF ([VFC](https://www.nasdaq.com/market-activity/stocks/VFC))) tumbled 5.5% after the branded apparel company cut its FY22 revenue outlook, now expecting around $11.85 billion in sales for the 12 months through December, down from its prior forecast looking for $12 billion in sales this year. The Street is at $11.95 billion, according to Capital IQ.
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. 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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Northrim BanCorp (NRIM) Misses Q4 Earnings and Revenue Estimates
Article: Northrim BanCorp (NRIM) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.07%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $1.44 per share when it actually produced earnings of $1.42, delivering a surprise of -1.39%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $31.29 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 3.44%. This compares to year-ago revenues of $36.96 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Northrim shares have added about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Northrim?**While Northrim has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/NRIM/earnings-calendar), the estimate revisions trend for Northrim: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $29.8 million in revenues for the coming quarter and $3.66 on $117.5 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, Blackstone Mortgage Trust (BXMT), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 9.This real estate finance company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Blackstone Mortgage Trust's revenues are expected to be $124.37 million, up 13.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Northrim BanCorp Inc (NRIM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=NRIM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Blackstone Mortgage Trust, Inc. (BXMT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BXMT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859361/northrim-bancorp-nrim-misses-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2021 Financial Results
Article: ALEXANDRIA, La., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2021. Net income for the fourth quarter of 2021 was $8.5 million, or $1.17 per diluted common share ("EPS"), an increase of $372,000, or 4.6%, compared to $8.1 million, or $1.12 EPS, for the third quarter of 2021, and an increase of $1.2 million, or 17.2%, compared to $7.3 million, or $0.99 EPS, for the fourth quarter of 2020. For the fourth quarter of 2021, the quarterly return on assets was 1.09% and the quarterly return on equity was 11.33%. Net income for the year ended December 31, 2021, was $33.0 million, or $4.51 EPS, an increase of $4.8 million, or 17.1%, compared to $28.1 million, or $3.83 EPS, for the year ended December 31, 2020. For the year ended December 31, 2021, the return on assets was 1.13% and the return on equity was 11.21%. **Fourth Quarter and Year-End 2021 Performance and Operational Highlights** In the fourth quarter of 2021, the Company had robust deposit and asset growth, solid earnings, and a continued high level of liquidity. The Company began providing banking services in New Orleans, Louisiana, our newest market, through a combined loan and deposit production office ("LPO/DPO"). The Company also finalized a large private stock repurchase that completed the stock repurchase program announced on August 31, 2021. The fourth quarter of 2021 began with a declining trend of COVID-19 cases and hospitalizations in the Louisiana markets served by Red River Bank. However, as a result of the emergence of the Omicron variant in December 2021, the number of cases and hospitalizations increased toward the end of the quarter. Economic activity in Louisiana remained relatively stable, although the economy is still impacted by supply chain disruptions and labor shortages. - Net income for the fourth quarter of 2021 was $8.5 million, $372,000 higher than the prior quarter, primarily due to higher net interest income, partially offset by higher personnel expenses. - Assets increased $203.9 million in the fourth quarter of 2021 to $3.22 billion as of December 31, 2021, primarily driven by a $205.8 million increase in deposits. The deposit growth was largely the result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. - Net interest income for the fourth quarter of 2021 was $18.8 million, $666,000 higher than the prior quarter. This increase was primarily due to deploying funds into loans and securities. - Personnel expenses for the fourth quarter of 2021 were $8.4 million, $406,000 higher than the prior quarter. This increase was primarily due to adding new staff in connection with our expansion in new and existing markets. - There was $196,000 of nonrecurring gains on sales of properties in the fourth quarter of 2021. - Red River Bank is participating in the Small Business Administration ("SBA") Paycheck Protection Program ("PPP"). As of December 31, 2021, PPP loans were $17.6 million, net of $626,000 of deferred income, or 1.0% of loans held for investment ("HFI"). In the fourth quarter of 2021, forgiveness payments on PPP loans resulted in a $28.4 million decrease in PPP loans, net of deferred fees. PPP loan income for the fourth quarter of 2021 was $1.2 million, $155,000 lower than the prior quarter. PPP loan income for 2021 was $5.8 million, compared to $5.6 million for 2020. - As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021. The growth in non-PPP loans HFI was a result of new loans in New Orleans, our newest market, and increased loan activity in other markets. - Nonperforming assets ("NPA(s)") decreased $1.4 million in the fourth quarter and were $979,000, or 0.03% of assets as of December 31, 2021. As of December 31, 2021, the allowance for loan losses ("ALL") was $19.2 million, or 1.14% of loans HFI and 1.15%(1) of non-PPP loans HFI (non-GAAP). - We paid a quarterly cash dividend of $0.07 per common share. - In the third quarter of 2021, the board of directors renewed a stock repurchase program, authorizing the Company to purchase up to $5.0 million of outstanding shares of common stock between September 1, 2021 and August 31, 2022. In accordance with this stock repurchase program, in the fourth quarter of 2021 we entered into a privately-negotiated stock repurchase agreement and repurchased 96,245 shares of our common stock for $4.9 million. As a result of this transaction, the Company has purchased the full amount authorized by this stock repurchase program. - In the fourth quarter of 2021, as part of our continued Louisiana market expansion plan, we began operations in our newest market, New Orleans, Louisiana. We have hired a New Orleans market president and seven additional New Orleans bankers. On December 6, 2021, we opened an LPO/DPO in downtown New Orleans and began providing banking services in this new market. - In our Acadiana market, renovations have been completed on a new banking center location that we purchased in 2020. This location opened as the first Red River Bank full-service banking center in Lafayette, Louisiana on January 26, 2022. Red River Bank also has an LPO/DPO in the Acadiana market. Blake Chatelain, President and Chief Executive Officer, stated, "The fourth quarter of 2021 resulted in robust balance sheet growth, consistent performance, improved asset quality, continued execution of our organic growth plans, and a significant stock buyback transaction. "Deposits and assets increased significantly in the fourth quarter of 2021 due to customers maintaining higher deposit balances and the seasonal inflow of public entity funds. Loan growth faced headwinds with loan paydowns and payoffs; however, these challenges were offset by lending opportunities in our newer markets and our lenders' calling activity. This activity resulted in a 5.7% increase in non-PPP loans in the fourth quarter of 2021. "In December 2021, we opened an LPO/DPO in the New Orleans downtown business district, and our bankers are seeing steady activity already. In addition to a team of eight local bankers hired for the New Orleans market, we were pleased to add an additional, experienced commercial lender in our Northshore market. "In our Acadiana market, we were excited to have opened our first full-service banking center in Lafayette in January 2022. "As a result of having the stock buyback program, we were able to repurchase a large block of shares in a privately-negotiated transaction. This transaction utilized all of the funds in the existing stock repurchase program. We expect to execute a new stock repurchase program in the first quarter of 2022, subject to board approval and market conditions. "We are saddened by the loss of our longtime friend and founding director of the Company and the Bank, Barry Hines, who passed away in late December 2021. Barry made tremendous contributions to the Company and the Bank, and his wit, wisdom, counsel, and love of life will be greatly missed. "As we begin 2022, I want to recognize the Red River Bank team members who made 2021 a successful year. They worked tirelessly through many challenges to take care of our customers and to continue to build a strong, solid, community bank focused on building shareholder value. Also, on behalf of the Red River Bancshares, Inc. board of directors, I want to thank our shareholders for their loyalty, enthusiasm, and support over the years. We look forward to continued success in 2022 and beyond." **Net Interest Income and Net Interest Margin FTE** Net interest income increased and the net interest margin fully tax equivalent ("FTE") decreased for the fourth quarter of 2021 when compared to the prior quarter. These measures were both impacted by a continued high level of liquidity and the continued low interest rate environment. Net interest income for the fourth quarter of 2021 was $18.8 million, which was $666,000, or 3.7%, higher than the third quarter of 2021, due to a $633,000 increase in interest and dividend income and a $33,000 decrease in interest expense. The increase in interest and dividend income was primarily due to an increase in non-PPP loan income and an increase in securities income, partially offset by a decrease in PPP loan income. Non-PPP loan income increased $577,000 due to a $69.7 million increase in the average balance of non-PPP loans, partially offset by lower rates on new and renewed non-PPP loans. Securities income increased $192,000 due to a higher average balance of securities resulting from investing short-term liquid assets into securities, partially offset by the impact of lower yields compared to the prior quarter. PPP loan income decreased $155,000 due to a lower average balance of PPP loans outstanding and lower fees recognized to income on PPP loans. Interest expense decreased in the fourth quarter of 2021 as a result of our third quarter adjustment to rates, which impacted new and renewing time deposits, partially offset by an increase in the average balance of interest-bearing transaction deposits. The net interest margin FTE decreased eight basis points ("bp(s)") to 2.52% for the fourth quarter of 2021, compared to 2.60% for the prior quarter. Contributing to this decrease was an increase in the average balance of short-term liquid assets, an 11 bp decrease in the yield on securities, and a three bp decrease in the yield on non-PPP loans. Average short-term liquid assets were $701.0 million, which was $68.7 million, or 10.9%, higher than the prior quarter and 23.4% of average earning assets. In the fourth quarter of 2021, on a stand-alone basis, this level of liquidity had a 73 bp dilutive impact to the net interest margin FTE. The yield on securities decreased because we reallocated funds from short-term liquid assets yielding 0.14% into securities yielding 0.99%, which was a lower yield than the existing portfolio. The net interest margin FTE for the fourth quarter of 2021 benefited from an increase in PPP loan yield and a seven bp decrease in the rate on time deposits as a result of our third quarter adjustment to deposit rates, which impacted new and renewing time deposits. Average PPP loans outstanding, net of deferred income, for the fourth quarter of 2021 were $29.2 million, which was $34.0 million lower than the prior quarter. During the fourth quarter we received $29.6 million in SBA forgiveness and borrower repayments on PPP loans, compared to $37.7 million in the prior quarter. PPP loans have a 1.0% interest rate, and PPP loan origination fees are recorded to interest income over the loan term, or until the loans are forgiven by the SBA or repaid by the borrower. When PPP loan forgiveness payments or borrower payments are received in full, the remaining portion of origination fees are recorded to income. For the fourth quarter of 2021, PPP loan interest and fees totaled $1.2 million, resulting in a 16.46% yield, compared to $1.4 million in interest and fees and an 8.57% yield for the prior quarter. The decrease in PPP loan income was primarily due to a lower amount of PPP loans forgiven by the SBA in the fourth quarter of 2021 than in the third quarter. The increase in PPP loan yield was primarily due to forgiving loans with higher origination fee percentages in the fourth quarter of 2021 when compared to the prior quarter. As of December 31, 2021, deferred PPP fees were $626,000. Excluding PPP loan income, net interest income (non-GAAP) for the fourth quarter of 2021 was $17.6 million,(1) which was $821,000, or 4.9%, higher than the third quarter of 2021. Also, with PPP loans excluded for the fourth quarter of 2021, the yield on non-PPP loans (non-GAAP) was 3.90%,(1) and the net interest margin FTE (non-GAAP) was 2.38%(1). For the fourth quarter of 2021, PPP loans had a 23 bp accretive impact to the yield on loans and a 14 bp accretive impact to the net interest margin FTE. The Federal Open Market Committee is expected to raise the target federal funds rate several times in 2022. Our balance sheet is asset sensitive, and historically, our deposit interest rates have adjusted more slowly than the change in the federal funds rate. As of December 31, 2021, floating rate loans were 15.0% of loans HFI, and floating rate transaction deposits were 4.4% of interest-bearing transaction deposits. Dependent upon balance sheet activity and excluding PPP loans, we expect an increasing rate environment to have a positive effect on our net interest income and net interest margin FTE in 2022. **Provision for Loan Losses** The provision for loan losses for the fourth quarter of 2021 was $150,000, which was consistent with the prior quarter provision. The economic activity in Louisiana remained relatively consistent, and our asset quality metrics improved in both quarters. Provision expense was $1.9 million for 2021, compared to $6.3 million for 2020. The provision for loan losses was higher in 2020 due to economic pressures relating to the COVID-19 pandemic. **Noninterest Income** Noninterest income totaled $5.7 million for the fourth quarter of 2021, an increase of $29,000, or 0.5%, compared to $5.6 million for the previous quarter. The increase was mainly due to gains on sales of properties, partially offset by lower mortgage loan income and reduced income from a Small Business Investment Company ("SBIC") limited partnership of which Red River Bank is a member. Other income for the fourth quarter of 2021 was $214,000, compared to a net loss of $14,000 for the third quarter of 2021. In the fourth quarter of 2021, other real estate owned ("OREO") properties and a bank property were sold, resulting in a nonrecurring $196,000 net gain on sale. In the third quarter of 2021, a $34,000 valuation reduction was recorded on an OREO property. Mortgage loan income totaled $1.7 million for the fourth quarter of 2021, a decrease of $103,000, or 5.8%, compared to $1.8 million for the third quarter of 2021. This decrease was primarily the result of seasonal, reduced mortgage loan demand. SBIC income for the fourth quarter of 2021 was $38,000, a decrease of $98,000, or 72.1%, from the prior quarter due to lower operating income being distributed by the SBIC. **Operating Expenses** Operating expenses for the fourth quarter of 2021 totaled $14.0 million, an increase of $332,000, or 2.4%, compared to $13.7 million for the previous quarter. This increase was mainly due to higher personnel expenses, partially offset by lower loan and deposit expenses and lower technology expenses. Personnel expenses totaled $8.4 million for the fourth quarter of 2021, up $406,000, or 5.1%, from the third quarter of 2021. This increase was due to adding new staff in expansion markets in the fourth quarter of 2021, combined with a lower COVID-19 payroll benefit resulting from the expiration of employer credits under the Families First Coronavirus Response Act on September 30, 2021. Loan and deposit expenses totaled $243,000 for the fourth quarter of 2021, a decrease of $82,000, or 25.2%, from the previous quarter. This decrease was a result of the transition to a new appraisal tracking system in the second quarter of 2021, which temporarily increased loan expenses in the third quarter of 2021. The new, digital appraisal system has improved the efficiency of our appraisal process. Technology expenses totaled $667,000 for the fourth quarter of 2021, a decrease of $67,000, or 9.1%, from the previous quarter. This decrease was due to $35,000 of nonrecurring expenses in the third quarter of 2021 related to opening a new banking center in Lake Charles, as well as lower communication expenses in the fourth quarter of 2021 resulting from a more favorable contract with a communications service provider. **Asset Overview** As of December 31, 2021, assets totaled $3.22 billion, which was $203.9 million, or 6.8%, higher than $3.02 billion as of September 30, 2021. This increase was primarily due to a $205.8 million increase in deposits in the fourth quarter. Loans HFI increased $61.2 million, or 3.8%, in the fourth quarter of 2021. Because deposit growth exceeded loan growth, excess funds were deployed into securities and interest-bearing deposits in other banks. Securities available-for-sale increased $91.0 million to $659.2 million and were 21.1% of earning assets as of December 31, 2021. Interest-bearing deposits in other banks increased $67.8 million to $761.7 million and were 24.4% of earning assets as of December 31, 2021. The loans HFI to deposits ratio was 57.86% as of December 31, 2021, compared to 59.99% as of September 30, 2021. Assets excluding PPP loans, net of deferred income (non-GAAP) as of December 31, 2021, totaled $3.21 billion,(1) an increase of $232.3 million, or 7.8%, from $2.97 billion(1) as of September 30, 2021. The non-PPP loans HFI to deposits ratio (non-GAAP) was 57.25%(1) as of December 31, 2021, compared to 58.29%(1) as of September 30, 2021. **Loans** Loans HFI as of December 31, 2021, were $1.68 billion, an increase of $61.2 million, or 3.8%, from September 30, 2021. As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021, due to new loan activity in New Orleans, our newest market, and increased activity in other markets. Red River Bank began participating in the SBA PPP in the second quarter of 2020. Through December 31, 2021, we had received $198.6 million in SBA forgiveness and borrower payments on 99.9% of the PPP First Draw loans originated and $40.6 million in SBA forgiveness and borrower payments on 78.7% of the PPP Second Draw loans originated. As of December 31, 2021, PPP loans totaled $17.6 million, net of $626,000 of deferred income, and were 1.0% of loans HFI. Our health care loans are made up of a diversified portfolio of health care providers. As of December 31, 2021, total health care credits were 8.3% of non-PPP loans HFI (non-GAAP), nursing and residential care loans were 3.6% of non-PPP loans HFI (non-GAAP), and loans to physician and dental practices were 4.6% of non-PPP loans HFI (non-GAAP). The average loan size of health care credits was $295,000. On March 5, 2021, it was announced that certain U.S. Dollar London Interbank Offered Rate ("LIBOR") rates would cease to be published after June 30, 2023. As of December 31, 2021, 3.6% of our non-PPP loans HFI (non-GAAP) were LIBOR-based with a setting that expires June 30, 2023. Alternative rate language is present in each credit agreement with a LIBOR-based rate. We do not anticipate any issues with transitioning each loan to a non-LIBOR-based rate. **Asset Quality and Allowance for Loan Losses** NPAs totaled $979,000 as of December 31, 2021, down $1.4 million, or 59.7%, from September 30, 2021, primarily due to the payoff and charge-off of nonaccrual loans. The ratio of NPAs to total assets improved to 0.03% as of December 31, 2021, from 0.08% as of September 30, 2021. As of December 31, 2021, the ALL was $19.2 million. The ratio of ALL to loans HFI was 1.14% as of December 31, 2021, and 1.18% as of September 30, 2021. The ratio of ALL to non-PPP loans HFI (non-GAAP) was 1.15%(1) as of December 31, 2021, and 1.22%(1) as of September 30, 2021. The net charge-off ratio was 0.01% for the fourth quarter of 2021 and 0.03% for the third quarter of 2021. **Deposits** Deposits as of December 31, 2021, were $2.91 billion, an increase of $205.8 million, or 7.6%, compared to September 30, 2021. Average deposits for the fourth quarter of 2021 were $2.79 billion, an increase of $188.6 million, or 7.3%, from the prior quarter. This increase was primarily a result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. Noninterest-bearing deposits totaled $1.15 billion as of December 31, 2021, up $6.0 million, or 0.5%, from September 30, 2021. As of December 31, 2021, noninterest-bearing deposits were 39.50% of total deposits. Interest-bearing deposits totaled $1.76 billion as of December 31, 2021, up $199.8 million, or 12.8%, compared to September 30, 2021. **Stockholders’ Equity** Total stockholders’ equity decreased to $298.2 million as of December 31, 2021, from $298.7 million as of September 30, 2021. The $538,000 decrease in stockholders’ equity during the fourth quarter of 2021 was attributed to the repurchase of 96,245 shares of our common stock for $4.9 million, a $3.7 million, net of tax, market adjustment to accumulated other comprehensive income related to securities available-for-sale, and $502,000 in cash dividends, partially offset by $8.5 million of net income, and $63,000 of stock compensation. We paid a quarterly cash dividend of $0.07 per share on December 16, 2021. **Non-GAAP Disclosure** Our accounting and reporting policies conform to United States generally accepted accounting principles ("GAAP") and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission's ("SEC") rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S. Management and the board of directors review tangible book value per share and tangible common equity to tangible assets, and PPP-adjusted metrics as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that are discussed may differ from that of other companies reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures. A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. **About Red River Bancshares, Inc.** The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 27 banking centers throughout Louisiana and two combined loan and deposit production offices, one each in Lafayette, Louisiana and New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; and Acadiana, which includes the Lafayette MSA. **Forward-Looking Statements** Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement. Contact:Isabel V. Carriere, CPA, CGMAExecutive Vice President and Chief Financial Officer318-561-4023 [[email protected]](https://www.globenewswire.com/Tracker?data=_qyhkaXlbi0Y7J8DsiMuhPVtx5kPQzocm60W8kJnTEpQQQVGnGWCultL9S6SbF-ew3tJjmnnVm7YnPzUd9MVdsUFR5VfZaGmQJdAEbsnEpUGwMtyK3erDC4Wo2Qr0bS-) (1) Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline FINANCIAL HIGHLIGHTS (UNAUDITED) \\ \hline \\ \hline & As of and for theThree Months Ended & & As of and for theYear Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & & September 30,2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline Net Income & $ & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 & \\ \hline & & & & & & & & & \\ \hline Per Common Share Data: & & & & & & & & & \\ \hline Earnings per share, basic & $ & 1.18 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.53 & & & $ & 3.84 & \\ \hline Earnings per share, diluted & $ & 1.17 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.51 & & & $ & 3.83 & \\ \hline Book value per share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & & & $ & 41.52 & & & $ & 38.97 & \\ \hline Tangible book value per share(1) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & & & $ & 41.31 & & & $ & 38.76 & \\ \hline Cash dividends per share & $ & 0.07 & & & $ & 0.07 & & & $ & 0.06 & & & $ & 0.28 & & & $ & 0.24 & \\ \hline Shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & & & & 7,180,155 & & & & 7,325,333 & \\ \hline Weighted average shares outstanding, basic & & 7,229,324 & & & & 7,278,192 & & & & 7,325,333 & & & & 7,281,136 & & & & 7,322,158 & \\ \hline Weighted average shares outstanding, diluted & & 7,247,277 & & & & 7,294,011 & & & & 7,343,859 & & & & 7,299,720 & & & & 7,345,045 & \\ \hline & & & & & & & & & \\ \hline Summary Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.09 & % & & & 1.11 & % & & & 1.13 & % & & & 1.13 & % & & & 1.22 & % \\ \hline Return on average equity & & 11.33 & % & & & 10.83 & % & & & 10.23 & % & & & 11.21 & % & & & 10.39 & % \\ \hline Net interest margin & & 2.46 & % & & & 2.54 & % & & & 3.01 & % & & & 2.54 & % & & & 3.09 & % \\ \hline Net interest margin FTE & & 2.52 & % & & & 2.60 & % & & & 3.08 & % & & & 2.60 & % & & & 3.14 & % \\ \hline Efficiency ratio & & 57.33 & % & & & 57.61 & % & & & 53.66 & % & & & 56.39 & % & & & 55.77 & % \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % & & & 57.86 & % & & & 67.87 & % \\ \hline Noninterest-bearing deposits to deposits ratio & & 39.50 & % & & & 42.29 & % & & & 40.32 & % & & & 39.50 & % & & & 40.32 & % \\ \hline Noninterest income to average assets & & 0.72 & % & & & 0.77 & % & & & 0.97 & % & & & 0.84 & % & & & 1.00 & % \\ \hline Operating expense to average assets & & 1.79 & % & & & 1.86 & % & & & 2.08 & % & & & 1.87 & % & & & 2.22 & % \\ \hline & & & & & & & & & \\ \hline Summary Credit Quality Ratios: & & & & & & & & & \\ \hline Nonperforming assets to total assets & & 0.03 & % & & & 0.08 & % & & & 0.16 & % & & & 0.03 & % & & & 0.16 & % \\ \hline Nonperforming loans to loans HFI & & 0.02 & % & & & 0.09 & % & & & 0.21 & % & & & 0.02 & % & & & 0.21 & % \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % & & & 1.14 & % & & & 1.13 & % \\ \hline Net charge-offs to average loans & & 0.01 & % & & & 0.03 & % & & & 0.06 & % & & & 0.04 & % & & & 0.14 & % \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Total stockholders' equity to total assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % & & & 9.25 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (1) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % & & & 9.20 & % & & & 10.75 & % \\ \hline Total risk-based capital to risk-weighted assets & & 17.83 & % & & & 18.74 & % & & & 18.68 & % & & & 17.83 & % & & & 18.68 & % \\ \hline Tier 1 risk-based capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Common equity Tier 1 capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Tier 1 risk-based capital to average assets & & 9.67 & % & & & 10.21 & % & & & 10.92 & % & & & 9.67 & % & & & 10.92 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED BALANCE SHEETS (UNAUDITED) \\ \hline \\ \hline (in thousands) & December 31, 2021 & & September 30,2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 23,143 & & & $ & 36,614 & & & $ & 33,728 & & & $ & 36,856 & & & $ & 29,537 & \\ \hline Interest-bearing deposits in other banks & & 761,721 & & & & 693,950 & & & & 633,744 & & & & 566,144 & & & & 417,664 & \\ \hline Securities available-for-sale & & 659,178 & & & & 568,199 & & & & 512,012 & & & & 515,942 & & & & 498,206 & \\ \hline Equity securities & & 7,846 & & & & 7,920 & & & & 3,961 & & & & 3,951 & & & & 4,021 & \\ \hline Nonmarketable equity securities & & 3,450 & & & & 3,449 & & & & 3,449 & & & & 3,447 & & & & 3,447 & \\ \hline Loans held for sale & & 4,290 & & & & 8,782 & & & & 12,291 & & & & 18,449 & & & & 29,116 & \\ \hline Loans held for investment & & 1,683,832 & & & & 1,622,593 & & & & 1,600,388 & & & & 1,602,086 & & & & 1,588,446 & \\ \hline Allowance for loan losses & & (19,176 & ) & & & (19,168 & ) & & & (19,460 & ) & & & (19,377 & ) & & & (17,951 & ) \\ \hline Premises and equipment, net & & 48,056 & & & & 47,432 & & & & 47,414 & & & & 46,950 & & & & 46,924 & \\ \hline Accrued interest receivable & & 6,245 & & & & 5,927 & & & & 6,039 & & & & 6,460 & & & & 6,880 & \\ \hline Bank-owned life insurance & & 28,061 & & & & 27,886 & & & & 27,710 & & & & 22,546 & & & & 22,413 & \\ \hline Intangible assets & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & \\ \hline Right-of-use assets & & 3,743 & & & & 3,847 & & & & 3,950 & & & & 4,053 & & & & 4,154 & \\ \hline Other assets & & 12,775 & & & & 11,807 & & & & 11,704 & & & & 11,619 & & & & 8,231 & \\ \hline Total Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & \\ \hline Noninterest-bearing deposits & $ & 1,149,672 & & & $ & 1,143,693 & & & $ & 1,031,486 & & & $ & 1,015,350 & & & $ & 943,615 & \\ \hline Interest-bearing deposits & & 1,760,676 & & & & 1,560,890 & & & & 1,538,113 & & & & 1,499,925 & & & & 1,396,745 & \\ \hline Total Deposits & & 2,910,348 & & & & 2,704,583 & & & & 2,569,599 & & & & 2,515,275 & & & & 2,340,360 & \\ \hline Accrued interest payable & & 1,310 & & & & 1,340 & & & & 1,432 & & & & 1,699 & & & & 1,774 & \\ \hline Lease liabilities & & 3,842 & & & & 3,943 & & & & 4,042 & & & & 4,138 & & & & 4,233 & \\ \hline Accrued expenses and other liabilities & & 11,060 & & & & 12,230 & & & & 10,479 & & & & 14,649 & & & & 10,789 & \\ \hline Total Liabilities & & 2,926,560 & & & & 2,722,096 & & & & 2,585,552 & & & & 2,535,761 & & & & 2,357,156 & \\ \hline COMMITMENTS AND CONTINGENCIES & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline STOCKHOLDERS' EQUITY & & & & & & & & & \\ \hline Preferred stock, no par value & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Common stock, no par value & & 60,233 & & & & 65,130 & & & & 65,934 & & & & 67,093 & & & & 68,055 & \\ \hline Additional paid-in capital & & 1,814 & & & & 1,751 & & & & 1,692 & & & & 1,638 & & & & 1,545 & \\ \hline Retained earnings & & 239,876 & & & & 231,868 & & & & 224,240 & & & & 216,511 & & & & 208,957 & \\ \hline Accumulated other comprehensive income (loss) & & (3,773 & ) & & & (61 & ) & & & 1,058 & & & & (331 & ) & & & 6,921 & \\ \hline Total Stockholders' Equity & & 298,150 & & & & 298,688 & & & & 292,924 & & & & 284,911 & & & & 285,478 & \\ \hline Total Liabilities and Stockholders' Equity & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) \\ \hline & & & & & & & & & \\ \hline & For the Three Months Ended & & For the Year Ended \\ \hline (in thousands) & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & & \\ \hline Interest and fees on loans & $ & 17,415 & & & $ & 16,993 & & & $ & 18,605 & & & $ & 67,923 & & & $ & 69,228 \\ \hline Interest on securities & & 2,412 & & & & 2,220 & & & & 1,834 & & & & 8,660 & & & & 7,601 \\ \hline Interest on federal funds sold & & 21 & & & & 20 & & & & 28 & & & & 88 & & & & 207 \\ \hline Interest on deposits in other banks & & 226 & & & & 202 & & & & 58 & & & & 658 & & & & 322 \\ \hline Dividends on stock & & 1 & & & & 7 & & & & 1 & & & & 10 & & & & 20 \\ \hline Total Interest and Dividend Income & & 20,075 & & & & 19,442 & & & & 20,526 & & & & 77,339 & & & & 77,378 \\ \hline INTEREST EXPENSE & & & & & & & & & \\ \hline Interest on deposits & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,362 \\ \hline Interest on other borrowed funds & & — & & & & — & & & & — & & & & — & & & & 16 \\ \hline Total Interest Expense & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,378 \\ \hline Net Interest Income & & 18,775 & & & & 18,109 & & & & 18,661 & & & & 71,722 & & & & 69,000 \\ \hline Provision for loan losses & & 150 & & & & 150 & & & & 2,675 & & & & 1,900 & & & & 6,293 \\ \hline Net Interest Income After Provision for Loan Losses & & 18,625 & & & & 17,959 & & & & 15,986 & & & & 69,822 & & & & 62,707 \\ \hline NONINTEREST INCOME & & & & & & & & & \\ \hline Service charges on deposit accounts & & 1,318 & & & & 1,258 & & & & 1,107 & & & & 4,775 & & & & 4,108 \\ \hline Debit card income, net & & 1,071 & & & & 1,094 & & & & 1,011 & & & & 4,415 & & & & 3,641 \\ \hline Mortgage loan income & & 1,667 & & & & 1,770 & & & & 2,679 & & & & 8,676 & & & & 8,398 \\ \hline Brokerage income & & 806 & & & & 851 & & & & 598 & & & & 3,297 & & & & 2,324 \\ \hline Loan and deposit income & & 457 & & & & 413 & & & & 361 & & & & 1,738 & & & & 1,701 \\ \hline Bank-owned life insurance income & & 175 & & & & 176 & & & & 143 & & & & 648 & & & & 568 \\ \hline Gain (Loss) on equity securities & & (75 & ) & & & (41 & ) & & & (11 & ) & & & (175 & ) & & & 85 \\ \hline Gain (Loss) on sale and call of securities & & 1 & & & & — & & & & 93 & & & & 194 & & & & 1,441 \\ \hline SBIC income & & 38 & & & & 136 & & & & 207 & & & & 654 & & & & 775 \\ \hline Other income (loss) & & 214 & & & & (14 & ) & & & 5 & & & & 271 & & & & 126 \\ \hline Total Noninterest Income & & 5,672 & & & & 5,643 & & & & 6,193 & & & & 24,493 & & & & 23,167 \\ \hline OPERATING EXPENSES & & & & & & & & & \\ \hline Personnel expenses & & 8,362 & & & & 7,956 & & & & 8,089 & & & & 32,449 & & & & 31,160 \\ \hline Occupancy and equipment expenses & & 1,424 & & & & 1,412 & & & & 1,367 & & & & 5,443 & & & & 5,106 \\ \hline Technology expenses & & 667 & & & & 734 & & & & 680 & & & & 2,810 & & & & 2,542 \\ \hline Advertising & & 230 & & & & 282 & & & & 216 & & & & 921 & & & & 933 \\ \hline Other business development expenses & & 280 & & & & 283 & & & & 238 & & & & 1,169 & & & & 1,020 \\ \hline Data processing expense & & 537 & & & & 528 & & & & 493 & & & & 1,982 & & & & 1,905 \\ \hline Other taxes & & 498 & & & & 527 & & & & 425 & & & & 2,082 & & & & 1,733 \\ \hline Loan and deposit expenses & & 243 & & & & 325 & & & & 244 & & & & 1,016 & & & & 1,052 \\ \hline Legal and professional expenses & & 493 & & & & 453 & & & & 554 & & & & 1,683 & & & & 2,141 \\ \hline Regulatory assessment expenses & & 268 & & & & 251 & & & & 201 & & & & 933 & & & & 538 \\ \hline Other operating expenses & & 1,014 & & & & 933 & & & & 829 & & & & 3,767 & & & & 3,276 \\ \hline Total Operating Expenses & & 14,016 & & & & 13,684 & & & & 13,336 & & & & 54,255 & & & & 51,406 \\ \hline Income Before Income Tax Expense & & 10,281 & & & & 9,918 & & & & 8,843 & & & & 40,060 & & & & 34,468 \\ \hline Income tax expense & & 1,771 & & & & 1,780 & & & & 1,582 & & & & 7,108 & & & & 6,323 \\ \hline Net Income & & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,654,711 & & & $ & 17,415 & & 4.13 & % & & $ & 1,619,019 & & & $ & 16,993 & & 4.11 & % & & $ & 1,635,103 & & & $ & 18,605 & & 4.47 & % \\ \hline Securities - taxable & & 423,724 & & & & 1,347 & & 1.27 & % & & & 340,045 & & & & 1,181 & & 1.39 & % & & & 303,689 & & & & 873 & & 1.15 & % \\ \hline Securities - tax-exempt & & 210,263 & & & & 1,065 & & 2.03 & % & & & 203,046 & & & & 1,039 & & 2.05 & % & & & 169,621 & & & & 961 & & 2.27 & % \\ \hline Federal funds sold & & 55,342 & & & & 21 & & 0.15 & % & & & 52,589 & & & & 20 & & 0.15 & % & & & 80,175 & & & & 28 & & 0.14 & % \\ \hline Interest-bearing balances due from banks & & 645,627 & & & & 226 & & 0.14 & % & & & 579,698 & & & & 202 & & 0.14 & % & & & 239,953 & & & & 58 & & 0.09 & % \\ \hline Nonmarketable equity securities & & 3,449 & & & & 1 & & 0.10 & % & & & 3,448 & & & & 7 & & 0.81 & % & & & 3,446 & & & & 1 & & 0.13 & % \\ \hline Total interest-earning assets & & 2,993,116 & & & $ & 20,075 & & 2.64 & % & & & 2,797,845 & & & $ & 19,442 & & 2.73 & % & & & 2,431,987 & & & $ & 20,526 & & 3.32 & % \\ \hline Allowance for loan losses & & (19,164 & ) & & & & & & & (19,343 & ) & & & & & & & (16,653 & ) & & & & \\ \hline Noninterest-earning assets & & 130,268 & & & & & & & & 135,697 & & & & & & & & 131,220 & & & & & \\ \hline Total assets & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Liabilities and Stockholders’ Equity \\ \hline Interest-bearing liabilities: \\ \hline Interest-bearing transaction deposits & $ & 1,310,430 & & & $ & 410 & & 0.12 & % & & $ & 1,210,605 & & & $ & 384 & & 0.13 & % & & $ & 983,992 & & & $ & 610 & & 0.25 & % \\ \hline Time deposits & & 341,445 & & & & 890 & & 1.03 & % & & & 342,872 & & & & 949 & & 1.10 & % & & & 333,575 & & & & 1,255 & & 1.50 & % \\ \hline Total interest-bearing deposits & & 1,651,875 & & & & 1,300 & & 0.31 & % & & & 1,553,477 & & & & 1,333 & & 0.34 & % & & & 1,317,567 & & & & 1,865 & & 0.56 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & — & & & & — & & — & % & & & — & & & & — & & — & % \\ \hline Total interest-bearing liabilities & & 1,651,875 & & & $ & 1,300 & & 0.31 & % & & & 1,553,477 & & & $ & 1,333 & & 0.34 & % & & & 1,317,567 & & & $ & 1,865 & & 0.56 & % \\ \hline Noninterest-bearing liabilities: \\ \hline Noninterest-bearing deposits & & 1,136,342 & & & & & & & & 1,046,139 & & & & & & & & 927,123 & & & & & \\ \hline Accrued interest and other liabilities & & 18,050 & & & & & & & & 16,570 & & & & & & & & 19,468 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,154,392 & & & & & & & & 1,062,709 & & & & & & & & 946,591 & & & & & \\ \hline Stockholders’ equity & & 297,953 & & & & & & & & 298,013 & & & & & & & & 282,396 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Net interest income & & $ & 18,775 & & & & & & $ & 18,109 & & & & & & $ & 18,661 & & \\ \hline Net interest spread & & & & 2.33 & % & & & & & & 2.39 & % & & & & & & 2.76 & % \\ \hline Net interest margin & & & & 2.46 & % & & & & & & 2.54 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & 2.52 & % & & & & & & 2.60 & % & & & & & & 3.08 & % \\ \hline Cost of deposits & & & & 0.18 & % & & & & & & 0.20 & % & & & & & & 0.33 & % \\ \hline Cost of funds & & & & 0.17 & % & & & & & & 0.19 & % & & & & & & 0.31 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020. \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,654,711 & & $ & 17,415 & & & 4.13 & % & & $ & 1,619,019 & & $ & 16,993 & & & 4.11 & % & & $ & 1,635,103 & & $ & 18,605 & & & 4.47 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & & & & \\ \hline Average & & 29,191 & & & & & & & 63,205 & & & & & & & 161,109 & & & & \\ \hline Interest & & & & 76 & & & & & & & & 166 & & & & & & & & 419 & & & \\ \hline Fees & & & & 1,136 & & & & & & & & 1,201 & & & & & & & & 2,604 & & & \\ \hline Total PPP loans, net & & 29,191 & & & 1,212 & & & 16.46 & % & & & 63,205 & & & 1,367 & & & 8.57 & % & & & 161,109 & & & 3,023 & & & 7.45 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,625,520 & & $ & 16,203 & & & 3.90 & % & & $ & 1,555,814 & & $ & 15,626 & & & 3.93 & % & & $ & 1,473,994 & & $ & 15,582 & & & 4.14 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 18,775 & & & & & & & $ & 18,109 & & & & & & & $ & 18,661 & & & \\ \hline PPP loan income & & & & (1,212 & ) & & & & & & & (1,367 & ) & & & & & & & (3,023 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 17,563 & & & & & & & $ & 16,742 & & & & & & & $ & 15,638 & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & & & & \\ \hline Net interest spread & & 2.19 & % & & & & & & 2.26 & % & & & & & & 2.47 & % \\ \hline Net interest margin & & 2.33 & % & & & & & & 2.40 & % & & & & & & 2.70 & % \\ \hline Net interest margin FTE(3) & & 2.38 & % & & & & & & 2.46 & % & & & & & & 2.77 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,621,606 & & & $ & 67,923 & & 4.14 & % & & $ & 1,587,351 & & & $ & 69,228 & & 4.30 & % \\ \hline Securities - taxable & & 344,913 & & & & 4,493 & & 1.30 & % & & & 287,591 & & & & 4,598 & & 1.60 & % \\ \hline Securities - tax-exempt & & 202,255 & & & & 4,167 & & 2.06 & % & & & 128,416 & & & & 3,003 & & 2.34 & % \\ \hline Federal funds sold & & 66,934 & & & & 88 & & 0.13 & % & & & 67,328 & & & & 207 & & 0.30 & % \\ \hline Interest-bearing balances due from banks & & 552,501 & & & & 658 & & 0.12 & % & & & 129,090 & & & & 322 & & 0.25 & % \\ \hline Nonmarketable equity securities & & 3,448 & & & & 10 & & 0.28 & % & & & 2,842 & & & & 20 & & 0.71 & % \\ \hline Total interest-earning assets & & 2,791,657 & & & $ & 77,339 & & 2.74 & % & & & 2,202,618 & & & $ & 77,378 & & 3.47 & % \\ \hline Allowance for loan losses & & (19,155 & ) & & & & & & & (15,192 & ) & & & & \\ \hline Noninterest-earning assets & & 132,611 & & & & & & & & 125,028 & & & & & \\ \hline Total assets & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Liabilities and Stockholders’ Equity & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & \\ \hline Interest-bearing transaction deposits & $ & 1,210,796 & & & $ & 1,648 & & 0.14 & % & & $ & 877,836 & & & $ & 2,824 & & 0.32 & % \\ \hline Time deposits & & 341,746 & & & & 3,969 & & 1.16 & % & & & 333,260 & & & & 5,538 & & 1.66 & % \\ \hline Total interest-bearing deposits & & 1,552,542 & & & & 5,617 & & 0.36 & % & & & 1,211,096 & & & & 8,362 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & 4,664 & & & & 16 & & 0.35 & % \\ \hline Total interest-bearing liabilities & & 1,552,542 & & & $ & 5,617 & & 0.36 & % & & & 1,215,760 & & & $ & 8,378 & & 0.69 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & \\ \hline Noninterest-bearing deposits & & 1,041,238 & & & & & & & & 807,528 & & & & & \\ \hline Accrued interest and other liabilities & & 17,507 & & & & & & & & 18,192 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,058,745 & & & & & & & & 825,720 & & & & & \\ \hline Stockholders’ equity & & 293,826 & & & & & & & & 270,974 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Net interest income & & & $ & 71,722 & & & & & & $ & 69,000 & & \\ \hline Net interest spread & & & & & 2.38 & % & & & & & & 2.78 & % \\ \hline Net interest margin & & & & & 2.54 & % & & & & & & 3.09 & % \\ \hline Net interest margin FTE(3) & & & & & 2.60 & % & & & & & & 3.14 & % \\ \hline Cost of deposits & & & & & 0.22 & % & & & & & & 0.41 & % \\ \hline Cost of funds & & & & & 0.20 & % & & & & & & 0.38 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the year ended December 31, 2021 and 2020. \\ \hline & \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,621,606 & & $ & 67,923 & & & 4.14 & % & & $ & 1,587,351 & & $ & 69,228 & & & 4.30 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & \\ \hline Average & & 77,222 & & & & & & & 127,410 & & & & \\ \hline Interest & & & & 809 & & & & & & & & 1,351 & & & \\ \hline Fees & & & & 4,964 & & & & & & & & 4,211 & & & \\ \hline Total PPP loans, net & & 77,222 & & & 5,773 & & & 7.46 & % & & & 127,410 & & & 5,562 & & & 4.35 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,544,384 & & $ & 62,150 & & & 3.97 & % & & $ & 1,459,941 & & $ & 63,666 & & & 4.29 & % \\ \hline & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 71,722 & & & & & & & $ & 69,000 & & & \\ \hline PPP loan income & & & & (5,773 & ) & & & & & & & (5,562 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 65,949 & & & & & & & $ & 63,438 & & & \\ \hline & & & & & & & & & & & \\ \hline & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & \\ \hline Net interest spread & & & & & 2.25 & % & & & & & & 2.72 & % \\ \hline Net interest margin & & & & & 2.40 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & & 2.46 & % & & & & & & 3.07 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) \\ \hline \\ \hline (dollars in thousands, except per share data) & December 31,2021 & & September 30,2021 & & December 31,2020 \\ \hline Tangible common equity & & & & & \\ \hline Total stockholders' equity & $ & 298,150 & & & $ & 298,688 & & & $ & 285,478 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible common equity (non-GAAP) & $ & 296,604 & & & $ & 297,142 & & & $ & 283,932 & \\ \hline Common shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & \\ \hline Book value per common share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & \\ \hline Tangible book value per common share (non-GAAP) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & \\ \hline & & & & & \\ \hline Tangible assets & & & & & \\ \hline Total assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible assets (non-GAAP) & $ & 3,223,164 & & & $ & 3,019,238 & & & $ & 2,641,088 & \\ \hline Total stockholders' equity to assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (non-GAAP) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % \\ \hline & & & & & \\ \hline Non-PPP loans HFI & & & & & \\ \hline Loans HFI & $ & 1,683,832 & & & $ & 1,622,593 & & & $ & 1,588,446 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Non-PPP loans HFI (non-GAAP) & $ & 1,666,282 & & & $ & 1,576,631 & & & $ & 1,469,999 & \\ \hline & & & & & \\ \hline Assets excluding PPP loans, net & & & & & \\ \hline Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Assets excluding PPP loans, net (non-GAAP) & $ & 3,207,160 & & & $ & 2,974,822 & & & $ & 2,524,187 & \\ \hline & & & & & \\ \hline Allowance for loan losses & $ & 19,176 & & & $ & 19,168 & & & $ & 17,951 & \\ \hline Deposits & $ & 2,910,348 & & & $ & 2,704,583 & & & $ & 2,340,360 & \\ \hline & & & & & \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % \\ \hline Non-PPP loans HFI to deposits ratio (non-GAAP) & & 57.25 & % & & & 58.29 & % & & & 62.81 & % \\ \hline & & & & & \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % \\ \hline Allowance for loan losses to non-PPP loans HFI (non-GAAP) & & 1.15 & % & & & 1.22 & % & & & 1.22 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc0NCM0Njk3NjU1IzUwMDA4MDU0MQ==) [Image](https://ml.globenewswire.com/media/MjhkMTg2ZDItZWMzOS00OTYwLWJhNjAtMTBlOWY4ZGI5NTgxLTUwMDA4MDU0MQ==/tiny/Red-River-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cba984bb-ea6e-474b-8770-ae98472d150d) Source: Red River Bancshares, Inc.
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: Cronos Group Provides Bi-Weekly MCTO Status Update
Article: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: MCFT
Security: MasterCraft Boat Holdings, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 23.4714
Stock Price 2 days before: 23.9458
Stock Price 1 day before: 23.9847
Stock Price at release: 23.9552
Risk-Free Rate at release: 0.0004
Symbol: FSLY
Security: Fastly, Inc.
Related Stocks/Topics: U|Markets|MSFT|AMZN|MS|NET
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Type: News
Publication: The Motley Fool
Publication Author: Trevor Jennewine
Date: 2022-01-28
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 26.4214
Stock Price 2 days before: 27.5357
Stock Price 1 day before: 25.7188
Stock Price at release: 24.3639
Risk-Free Rate at release: 0.0004
Symbol: UP
Security: Wheels Up Experience Inc.
Related Stocks/Topics: Markets|HA|ORLA|HMY
Title: Friday Sector Laggards: Airlines, Precious Metals
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Stock Price 4 days before: 3.33454
Stock Price 2 days before: 3.7
Stock Price 1 day before: 3.85184
Stock Price at release: 3.38824
Risk-Free Rate at release: 0.0004
Symbol: EGY
Security: VAALCO Energy, Inc.
Related Stocks/Topics: Public Companies
Title: What Kind Of Investors Own Most Of VAALCO Energy, Inc. (NYSE:EGY)?
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: Every investor in VAALCO Energy, Inc. (NYSE:EGY) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.With a market capitalization of US$245m, VAALCO Energy is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about VAALCO Energy. [ownership-breakdown](https://images.simplywall.st/asset/chart/416628-ownership-breakdown-1-dark/1643368854798) NYSE:EGY Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About VAALCO Energy?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. VAALCO Energy already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of VAALCO Energy, (below). Of course, keep in mind that there are other factors to consider, too.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/416628-earnings-and-revenue-growth-1-dark/1643368858831) NYSE:EGY Earnings and Revenue Growth January 28th 2022Our data indicates that hedge funds own 5.4% of VAALCO Energy. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Tieton Capital Management, LLC is currently the largest shareholder, with 5.6% of shares outstanding. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 5.1% by the third-largest shareholder. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of VAALCO Energy** The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can see that insiders own shares in VAALCO Energy, Inc.. As individuals, the insiders collectively own US$14m worth of the US$245m company. This shows at least some alignment. You can [click here to see if those insiders have been buying or selling.](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** The general public, mostly comprising of individual investors, collectively holds 58% of VAALCO Energy shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that [VAALCO Energy is showing 5 warning signs in our investment analysis ](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary), and 2 of those shouldn't be ignored... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this **free** [report on analyst forecasts](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg1OToyMTQzMGFiZjk5MDE0OGVm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 3.72688
Stock Price 2 days before: 4.17876
Stock Price 1 day before: 4.19701
Stock Price at release: 4.04961
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: FC
Security: Franklin Covey Co.
Related Stocks/Topics: Markets|ACN|CBZ
Title: 3 Top Stocks From the Prospering Consulting Services Industry
Type: News
Publication: Zacks
Publication Author: Shuvra Shankar Dey
Date: 2022-01-28
Article: Encouraging manufacturing and service activities, along with the increased adoption and success of the work-from-home trend, are enabling the Zacks [Consulting Services](https://www.zacks.com/stocks/industry-rank/industry/consulting-services-277) industry to support the demand environment. Gradual economic recovery backed by increased vaccination drives is boosting demand.Service demand, innovation and acquisitions are helping **Accenture plc** [ACN](https://www.nasdaq.com/market-activity/stocks/acn), **CBIZ, Inc.** [CBZ](https://www.nasdaq.com/market-activity/stocks/cbz) and **Franklin Covey Co.** [FC](https://www.nasdaq.com/market-activity/stocks/fc) sail through these testing times. **About the Industry** Companies grouped under the Consulting Services category offer professional advice in management, IT, human resources, environmental regulations, logistics and marketing, real estate, serving multiple end markets. The space includes prominent names such as Accenture and **Gartner** [IT](https://www.nasdaq.com/market-activity/stocks/it). Amid the pandemic, key focus within the industry is currently on channelizing money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making. To position themselves suitably in the post-pandemic era and better utilize the opportunities that the economic recovery will bring, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets. **What's Shaping the Future of Consulting Services Industry?****Exponential Growth:** This multi-billion-dollar industry has witnessed exponential growth since the 2008 financial crisis, enjoying a steady rate of revenue, profit and cash-flow growth. Consequently, the trend has enabled most industry players to pay out stable dividends. **Pandemic Resiliency:** Consulting services is one of the least pandemic-affected industries. This is because, amid such a volatile situation, organizations have increased their search for advice that can help protect their employees and stay closer to consumers and shareholders. Further, this industry is one of the earliest pioneers of remote working that has now become an integral part of the new normal. The nature of work enables industry players to function efficiently through the increased use of technology. **Non-stop Service Demand:**The sector is a major beneficiary of the economy, which is gradually gathering strength. A steady recovery is evident from the fourth-quarter 2021 GDP number, which according to the "advance" estimate released by the Bureau of Economic Analysis, grew at an annual rate of 6.9% compared with the increase of 2.3% in the third quarter. With manufacturing and service activities in the pink, the demand for services is rising steadily. Although the economic activity in the manufacturing sector shrunk 2.4% from November to December, with the Manufacturing PMI measured by the Institute for Supply Management (ISM) touching 58.7%, the reading of above 50% marked the 19th consecutive month of expansion. Non-manufacturing activities declined 7.1% in December from November’s all-time high of 69.1, as the Services PMI measured by the ISM touched 62%. With a reading above 50%, this is the 19th consecutive month of expansion of service activities. **Zacks Industry Rank Indicates Bright Prospects** The Consulting Services industry, which is housed within the broader [Business Services ](https://www.zacks.com/stocks/industry-rank/sector/busines-services-16) sector, currently carries a Zacks Industry Rank #38. This rank places it in the top 15% of more than 250 Zacks industries. The group’s [Zacks Industry Rank](https://www.zacks.com/zrank/zacks-industry-rank.php), which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term growth prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Analysts covering the companies in this industry have been steadily pushing their estimates north. Over the past year, the industry’s consensus earnings estimate for 2022 has moved 10.5% north.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation. **Industry Outperforms the S&P 500 and the Sector** Over the past year, the Consulting Services industry has outperformed the S&P 500 composite and the broader sector.While the industry has rallied 37.3%, the S&P 500 composite gained 17.5%. The broader sector declined 41.8% in the said time frame. **One-Year Price Performance** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/price(274).jpg)**Industry's Current Valuation** On the basis of the forward 12-month price-to-earnings (P/E), which is a commonly used multiple for valuing consulting services companies, we see that the industry is currently trading at 28.05X, above the S&P 500’s 19.71X and the sector’s 26.41X.Over the past five years, the industry has traded as high as 35.21X, as low as 18.82X and at a median of 23.09X, as the charts below show. **Price to Forward 12 Months P/E Ratio** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sp(114).jpg)[Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sector(29).jpg)**3 Consulting Services Stocks to Bet On** We present three stocks that currently carry a Zacks Rank #1 (Strong Buy) and are well-positioned for near-term growth. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**** **Accenture:** The professional services giant’s shares have gained 33.6% over the past year, driven by continued strength in its consulting and outsourcing businesses. On the outsourcing front, Accenture continues to see strong demand to assist clients with the operation and maintenance of digital-related services and cloud enablement. On the consulting front, the company experiences strong demand for digital, cloud- and security-related services.Investors seem to have remained excited about Accenture’s acquisition spree and stellar quarterly results. The company’s results surpassed the Zacks Consensus Estimate for both earnings and revenues in the past four quarters. The recent acquisition of Tambourine is expected to boost Accenture's suite of sales and commerce transformation services, from product and platform engineering to omnichannel delivery of commerce experiences.The Zacks Consensus Estimate for revenues for the current year indicates an 18.4% increase from the year-ago reported number. The Zacks Consensus EPS estimate for the year suggests a 19.8% year-over-year improvement. The consensus EPS estimate for the year has increased 4.2% over the past 60 days. **Price and Consensus: ACN** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/acn(125).jpg)**CBIZ**: This provider of financial, insurance and advisory services has seen its stock price jump 42.6% over the past year on investor’s optimism about its acquisition spree and impressive quarterly results. The company has been seeing strength across all of its major service lines. CBIZ posted better-than-expected results in the past four quarters. Acquisitions completed in 2020 and the first nine months of 2021 contributed 7.3% to the company’s revenues in the first three quarters of 2021.The Zacks Consensus Estimate for revenues for the current year indicates a 14.7% year-over-year increase. The Zacks Consensus EPS estimate for the year suggests a 23.2% improvement from the year-ago reported number. The consensus EPS estimate for the year has remained unchanged at $1.75 over the past 60 days. **Price and Consensus: CBZ** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cbz(7).jpg)**Franklin Covey**: This training and consulting services provider’s shares have charted a solid trajectory over the past year, gaining 82.4% on continued momentum in its subscription business and strength of its value proposition. Quality of content, flexibility in delivering content and services through all modalities and global sales and delivery network are considered key strengths of the company.The Zacks Consensus Estimate for EPS for the current year has increased 22.6% over the past 60 days. **Price and Consensus: FC** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/fc(12).jpg)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_INDUSTRYOUTLOOK_IND_01282022&cid=CS-NASDAQ-FT-industry_outlook-1858877) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [Accenture PLC (ACN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ACN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [CBIZ, Inc. (CBZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CBZ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [Franklin Covey Company (FC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858877/3-top-stocks-from-the-prospering-consulting-services-industry?cid=CS-NASDAQ-FT-industry_outlook-1858877) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 44.1475
Stock Price 2 days before: 46.4492
Stock Price 1 day before: 44.2989
Stock Price at release: 43.5502
Risk-Free Rate at release: 0.0004
| 45.9642 |
Broader Economic Information:
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Date: 2022-01-28
Title: Euromonitor International Ltd. Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories
Article: **Company Also Earns Multiple Product Awards from Around the World** LOS ANGELES, Jan. 28, 2022 /PRNewswire/ -- Premier global nutrition company, Herbalife Nutrition, has been named "The World's #1 Health Shake1" and "The #1 Brand in Active and Lifestyle Nutrition2" by Euromonitor International, an independent market research firm. The company also retains its top rank in the world in four other Euromonitor categories, including weight management and wellbeing3; and for the fifth consecutive year, the titles of being the world's top brand in weight management4, meal replacements5, and meal replacement and protein supplements combined6. [](https://mma.prnewswire.com/media/507686/Herbalife___Logo.html) Euromonitor International Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories"Creating the best tasting, highest quality nutrition products that help people achieve their wellness goals is at the heart of what we do, and the reason consumers trust Herbalife Nutrition to help them improve their nutrition," said John Agwunobi, Chairman and CEO, Herbalife Nutrition. Every year the company receives numerous product awards for its high-quality, science-backed products, from media, government agencies and consumer research companies. Some of the awards from the past year include: - United States: Selected as one of the **Best Weight Loss Programs** by Consumer Affairs as voted on by consumers. - China: Multiple awards including the **National Award for Enterprises Demonstrating Quality and Integrity in Products and Services**, awarded by the China Quality Inspection Association. - India: Recognized as the **"Power Brand 2021" in the category of Overall Holistic Nutrition for Women** by Femina, the first and most read women's English magazine in India. - Korea: For the tenth consecutive year, awarded the grand prize in the **Health Functional Food** Category by Digital Chosun Ilbo, a leading local media company and sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Agriculture, Food and Rural Affairs. - Russia: **Product of the Year**, awarded for High Protein Iced Coffee, awarded by the Russian Chamber of Commerce and the Moscow International Business Association (MIBA). - Taiwan: **Symbol of Nutritional Quality**, awarded by the Institute for Biotechnology and Medicine Industry to inform consumers which products meet top safety and quality standards. - United Kingdom/Ireland: **Product of the Year**, awarded for Tri-Blend Select in the nutrition supplement category. The award is driven by consumer votes. - Vietnam: **Golden Product of Public Health Award**, awarded by the Vietnam Association of Functional Food. Sixteen Herbalife Nutrition products were recognized for their quality, safety and effectiveness. - Belgium: **Product of the Year**, awarded for Collagen Skin Booster and Formula 1 Smooth Chocolate flavor. The award is driven by consumer votes. For more information about recent awards, please visit [IAmHerbalifeNutrition.com](https://c212.net/c/link/?t=0&l=en&o=3425693-1&h=1861895455&u=https%3A%2F%2Fiamherbalifenutrition.com%2F%3Fs%3Dawards&a=IAmHerbalifeNutrition.com). **About Herbalife Nutrition Ltd. **Herbalife Nutrition (NYSE: HLF) is a global company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world. \begin{table}{|c|} \hline 1 Source Euromonitor International Limited; Per Consumer Health 2022ed, Health Shake as per sports protein powder, sports protein RTDs, meal replacement, supplement nutrition drinks and protein supplements, combined % RSP share GBO, 2021 data.2 Source Euromonitor International Limited; Per Consumer Health 2022ed, Active and lifestyle nutrition defined as weight management and wellbeing, sports nutrition, and vitamins and dietary supplements definitions; combined % RSP share GBO, 2021 data.3 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.4 Source Euromonitor International Limited; Per Consumer Health 2022ed, Weight management and wellbeing category definition; % RSP share GBO, 2021 data.5 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.6 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement and protein supplements definitions; combined % RSP share GBO, 2021 data. \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=LA43853&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html](https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html) SOURCE Herbalife Nutrition (NYSE: HLF)
Date: 2022-01-28
Title: Best Value Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates
Article: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021
Article: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline \end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [[email protected]](mailto:[email protected]). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & As of \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\ \hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\ \hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\ \hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\ \hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\ \hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\ \hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\ \hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\ \hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\ \hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\ \hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\ \hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\ \hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\ \hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\ \hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\ \hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\ \hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\ \hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\ \hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\ \hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\ \hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\ \hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\ \hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\ \hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\ \hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Income Statement: & & & & & & & & & \\ \hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\ \hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\ \hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\ \hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\ \hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\ \hline Noninterest income & & & & & & & & & \\ \hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\ \hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\ \hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\ \hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\ \hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\ \hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\ \hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\ \hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\ \hline Noninterest expense & & & & & & & & & \\ \hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\ \hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\ \hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\ \hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\ \hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\ \hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\ \hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\ \hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\ \hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\ \hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\ \hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\ \hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\ \hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\ \hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\ \hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\ \hline & & & & & & & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\ \hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\ \hline Earnings per common share & & & & & & & & & \\ \hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\ \hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\ \hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\ \hline & & & & & & & & & \\ \hline Selected Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\ \hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\ \hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\ \hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\ \hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\ \hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\ \hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\ \hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\ \hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\ \hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\ \hline & & & & & & & & & \\ \hline Asset Quality Ratios: & & & & & & & & & \\ \hline Ratio of nonaccruing loans to: & & & & & & & & & \\ \hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & & & & & & & \\ \hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & & & & & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Real Estate Loans: & & & & & & & & & \\ \hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\ \hline & & & & & & & & & \\ \hline Summary of Changes in Allowances: & & & & & & & & & \\ \hline Allowance for Loan Losses & & & & & & & & & \\ \hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\ \hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\ \hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\ \hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\ \hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\ \hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\ \hline & & & & & & & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\ \hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Income Statement: & & & \\ \hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\ \hline Total interest expense & & 26,430 & & & & 44,563 & \\ \hline Net interest income & & 189,557 & & & & 187,265 & \\ \hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\ \hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\ \hline Noninterest income & & & \\ \hline Deposit services & & 26,368 & & & & 24,359 & \\ \hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\ \hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\ \hline Trust fees & & 5,959 & & & & 5,133 & \\ \hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\ \hline Brokerage services & & 3,383 & & & & 2,271 & \\ \hline Other & & 5,505 & & & & 4,386 & \\ \hline Total noninterest income & & 49,336 & & & & 49,732 & \\ \hline Noninterest expense & & & \\ \hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\ \hline Net occupancy & & 14,239 & & & & 14,369 & \\ \hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\ \hline ATM expense & & 1,166 & & & & 1,018 & \\ \hline Professional fees & & 4,015 & & & & 4,224 & \\ \hline Software and data processing & & 5,675 & & & & 4,957 & \\ \hline Communications & & 2,233 & & & & 1,984 & \\ \hline FDIC insurance & & 1,807 & & & & 1,124 & \\ \hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\ \hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\ \hline Other & & 9,669 & & & & 12,642 & \\ \hline Total noninterest expense & & 125,030 & & & & 123,307 & \\ \hline Income before income tax expense & & 130,827 & & & & 93,489 & \\ \hline Income tax expense & & 17,426 & & & & 11,336 & \\ \hline Net income & $ & 113,401 & & & $ & 82,153 & \\ \hline & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\ \hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\ \hline Earnings per common share & & & \\ \hline Basic & $ & 3.48 & & & $ & 2.47 & \\ \hline Diluted & & 3.47 & & & & 2.47 & \\ \hline Book value per common share & & 28.20 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\ \hline & & & \\ \hline Selected Performance Ratios: & & & \\ \hline Return on average assets & & 1.59 & % & & & 1.14 & % \\ \hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\ \hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\ \hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\ \hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\ \hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\ \hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\ \hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\ \hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 106 & \\ \hline Repossessed assets & & — & & & & 14 & \\ \hline & & & \\ \hline Asset Quality Ratios: & & & \\ \hline Ratio of nonaccruing loans to: & & & \\ \hline Total loans & & 0.07 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & \\ \hline Total assets & & 0.16 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\ \hline & & & \\ \hline Capital Ratios: & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\ \hline Real Estate Loans: & & & \\ \hline Construction & $ & 447,860 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\ \hline & & & \\ \hline Summary of Changes in Allowances: & & & \\ \hline Allowance for Loan Losses & & & \\ \hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\ \hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\ \hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\ \hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\ \hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\ \hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\ \hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\ \hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\ \hline & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\ \hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\ \hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\ \hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\ \hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\ \hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\ \hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\ \hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\ \hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\ \hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\ \hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\ \hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\ \hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\ \hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\ \hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\ \hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\ \hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\ \hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\ \hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\ \hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\ \hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\ \hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\ \hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\ \hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\ \hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & June 30, 2021 & & March 31, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\ \hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\ \hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\ \hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\ \hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\ \hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\ \hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\ \hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\ \hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\ \hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\ \hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\ \hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\ \hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\ \hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\ \hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\ \hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\ \hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\ \hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\ \hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\ \hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\ \hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & \\ \hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\ \hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\ \hline Securities: & & & & & \\ \hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\ \hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\ \hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\ \hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\ \hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\ \hline Cash and due from banks & & 83,228 & & & & & \\ \hline Accrued interest and other assets & & 687,894 & & & & & \\ \hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\ \hline Total assets & $ & 7,167,100 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\ \hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\ \hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\ \hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\ \hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\ \hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\ \hline Other borrowings & & 66 & & & & — & & — & \\ \hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\ \hline Noninterest bearing deposits & & 1,381,120 & & & & & \\ \hline Accrued expenses and other liabilities & & 101,478 & & & & & \\ \hline Total liabilities & & 6,313,030 & & & & & \\ \hline Shareholders’ equity & & 854,070 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\ \hline Net interest income (FTE) & & & $ & 51,851 & & \\ \hline Net interest margin (FTE) & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 3.02 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\ \hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\ \hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\ \hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\ \hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\ \hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\ \hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\ \hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\ \hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\ \hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\ \hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\ \hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\ \hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\ \hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\ \hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\ \hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\ \hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\ \hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\ \hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\ \hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\ \hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\ \hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\ \hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\ \hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\ \hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\ \hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\ \hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\ \hline & & & & & & & & & & & & & & \\ \hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\ \hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\ \hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\ \hline & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\ \hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\ \hline & & & & & & & & & & & & & & \\ \hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\ \hline & & & & & & & & & & & & & & \\ \hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\ \hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\ \hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\ \hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\ \hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\ \hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\ \hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\ \hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\ \hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\ \hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\ \hline & & & & & & & & & & & & & & \\ \hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\ \hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\ \hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\ \hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\ \hline & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\ \hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\ \hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\ \hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\ \hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\ \hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.
Date: 2022-01-28
Title: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)
Article: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: What Kind Of Investors Own Most Of VAALCO Energy, Inc. (NYSE:EGY)?
Article: Every investor in VAALCO Energy, Inc. (NYSE:EGY) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.With a market capitalization of US$245m, VAALCO Energy is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about VAALCO Energy. [ownership-breakdown](https://images.simplywall.st/asset/chart/416628-ownership-breakdown-1-dark/1643368854798) NYSE:EGY Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About VAALCO Energy?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. VAALCO Energy already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of VAALCO Energy, (below). Of course, keep in mind that there are other factors to consider, too.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/416628-earnings-and-revenue-growth-1-dark/1643368858831) NYSE:EGY Earnings and Revenue Growth January 28th 2022Our data indicates that hedge funds own 5.4% of VAALCO Energy. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Tieton Capital Management, LLC is currently the largest shareholder, with 5.6% of shares outstanding. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 5.1% by the third-largest shareholder. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of VAALCO Energy** The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can see that insiders own shares in VAALCO Energy, Inc.. As individuals, the insiders collectively own US$14m worth of the US$245m company. This shows at least some alignment. You can [click here to see if those insiders have been buying or selling.](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** The general public, mostly comprising of individual investors, collectively holds 58% of VAALCO Energy shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that [VAALCO Energy is showing 5 warning signs in our investment analysis ](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary), and 2 of those shouldn't be ignored... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this **free** [report on analyst forecasts](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg1OToyMTQzMGFiZjk5MDE0OGVm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: CLBK
Security: Columbia Financial, Inc.
Related Stocks/Topics: Unknown
Title: Recent Price Trend in Columbia Financial (CLBK) is Your Friend, Here's Why
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. **Columbia Financial** (CLBK) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. CLBK is quite a good fit in this regard, gaining 11.7% over this period.However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 2.5% over the past four weeks ensures that the trend is still in place for the stock of this company.Moreover, CLBK is currently trading at 94.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-ZP-commentary_blog-text-eoac) Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.So, the price trend in CLBK may not reverse anytime soon.In addition to CLBK, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 [Zacks Premium Screens](https://www.zacks.com/registration/premium/login/?continue_to=/screening/premium-screens&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-ZP-commentary_blog-text-eoac) that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here [to sign up for a free trial to the Research Wizard today.](https://www.zacks.com/registration/rw/welcome/eoffer/4437?adid=ZCOM_RW_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-RW-commentary_blog-text-eoac)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_540_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_540&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [Columbia Financial (CLBK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CLBK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_540&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858946/recent-price-trend-in-columbia-financial-clbk-is-your-friend-here-s-why?cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 20.4578
Stock Price 2 days before: 21.3645
Stock Price 1 day before: 21.5047
Stock Price at release: 21.3355
Risk-Free Rate at release: 0.0004
| 21.547 |
Broader Economic Information:
Date: 2022-01-28
Title: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y
Article: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast
Article: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \begin{table}{|c|c|c|c|} \hline Webcast & & & www.LTCReit.com \\ \hline USA Toll-Free Number & & & 1-844-200-6205 \\ \hline Canada Toll-Free Number & & & 1-833-950-0062 \\ \hline Conference Access Code & & & 441550 \\ \hline \end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \begin{table}{|c|c|c|c|} \hline USA Toll-Free Number & & & 1-866-813-9403 \\ \hline Canada Local Number & & & 1-226-828-7578 \\ \hline Conference Access Code & & & 188544 \\ \hline \end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: DocGo Announces Record Preliminary Fourth Quarter 2021 Revenue
Article: **Full year and fourth quarter revenue of $305.0 million and $107.8 million, respectively, more than triple versus prior year periods** NEW YORK--(BUSINESS WIRE)-- [DocGo](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.docgo.com%2F&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=DocGo&index=1&md5=03c528a81550613960598f8fe37da6ac), (Nasdaq: DCGO), a leading provider of last-mile mobile health services and integrated medical mobility solutions, announced today select preliminary unaudited financial results for its fourth quarter ended December 31, 2021.“Our preliminary unaudited fourth quarter and full year results we are providing today reflect the increasing momentum of our business, specifically 246% revenue growth quarter-over-quarter and 224% growth for the full year over 2020,” said Stan Vashovsky, CEO of DocGo. “We are pleased with our fourth quarter results which excluding COVID related testing revenues reflect approximately 200% year over year growth in revenue, with ongoing positive momentum in the core business. We fill a significant void in the medical care continuum that is increasingly recognized by corporations, health systems and government agencies, and we are excited by the opportunities that are ahead of us in 2022. I look forward to a very successful year.”“It is worth noting that on a go forward basis, we do not intend to provide select preliminary results on a regular basis and will instead report complete financial and operating results in our regularly scheduled quarterly earnings releases,” Mr. Vashovsky concluded. **Preliminary Fourth Quarter Financial Highlights** - On a preliminary basis, total revenue was $107.8 million in the fourth quarter of 2021, representing record quarterly revenue for the seventh consecutive quarter for DocGo, and a 246% increase from $31.2 million in the fourth quarter of 2020. - Results were aided by the inclusion of revenues from several large new and expanded Mobile Health contracts. - On a preliminary basis, Mobile Health revenue increased to approximately $89.6 million in the fourth quarter of 2021, compared to $15.8 million in the prior-year period. Medical transport revenue was approximately $18.2 million, up 18% from $15.4 million in Q4 of 2020. - On a preliminary basis, DocGo's net income was $2.5 million in the fourth quarter of 2021, which represents a substantial improvement over the net loss of $4.4 million in the fourth quarter of last year. Adjusted EBITDA grew to approximately $5.4 million in the fourth quarter of 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $2.9 million in the prior-year period. - For the full year, on a preliminary basis, DocGo generated $305 million in revenue in 2021, an increase of 224% from $94.1 million in 2020. Mobile Health revenue increased to approximately $221.1 million in 2021, compared to $31 million in 2020. Medical transport revenue was approximately $83.9 million in 2021, up 33% from $63.1 million in 2020. - On a preliminary basis, DocGo's net income was $1.4 million for the full year 2021, which represents a substantial improvement over the net loss of $14.8 million in 2020. Adjusted EBITDA grew to approximately $13.0 million in 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $8.1 million in 2020. - The company expects to report full year 2021 audited results in late February or early March and expects to provide formal 2022 guidance at that time. **Recent Business Highlights** - All municipal testing programs will extend into 2022 and signed several new agreements to expand those services. - Expanded mobile health services in several markets, including offering monoclonal antibody treatments in the state of Nevada. - To meet the growing demand for services, hired 926 new employees in Q4 2021, bringing total hires for calendar year 2021 to 2,340, and total number of medical providers and agency staff to over 3,877 as of year end. - Named Aaron Severs as Chief Product Officer to lead consumer product strategy, and spearhead development of a comprehensive B2C offering. - Launched tuition-free training programs for our clinicians, EMS workers and healthcare professionals to improve employee recruitment and retention efforts. The foregoing unaudited preliminary financial results represent the most current information available to DocGo and are based on calculations or figures prepared internally that have not yet been reviewed by DocGo’s independent registered public accounting firm. Actual fourth quarter and year-to-date financial results may be materially different from the preliminary results described above and are subject to the risk factors and uncertainties identified in this press release and in the filings with the Securities and Exchange Commission (SEC) made by DocGo. **About DocGo** DocGo is a leading provider of last-mile Mobile Health services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit [www.docgo.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.docgo.com&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=www.docgo.com&index=2&md5=d3e07176f187f3f7af2b4eb88b0ceb33). **Cautionary Statement Regarding Preliminary Estimated Results** The financial results for DocGo’s fourth quarter ended December 31, 2021, are preliminary, unaudited and subject to finalization. They reflect DocGo management's current views and may change as a result of DocGo's further review of results and other factors, including a wide variety of significant business, economic and competitive risks and uncertainties. Such preliminary results should not be viewed as a substitute for full quarterly financial statements and accompanying footnotes prepared in accordance with GAAP. DocGo cautions you that these preliminary results are not guarantees of future performance or outcomes, and that actual results may differ materially from those described above. For more information regarding factors that could cause actual results to differ from those described above, please see "Cautionary Statement Regarding Forward-Looking Statements" below.The preliminary third quarter financial results have been prepared by, and are the responsibility of, DocGo's management. DocGo's independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary estimated financial information, and does not express an opinion or any other form of assurance with respect thereto. **Cautionary Statement Regarding Forward-Looking Statements** This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning DocGo. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, and (iii) other statements identified by words such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict" "project", "aim", "goal", "outlook", "guidance", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the company to comply with laws and regulations regarding data privacy and protection. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise. **Non-GAAP Financial Measure**"GAAP" refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This announcement includes Adjusted EBITDA, a measure calculated other than in accordance with GAAP. This non-GAAP financial measure is provided in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP. DocGo defines Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization, stock-based compensation, litigation provisions and merger-related expenses. Internally, this non-GAAP measure is used by management for purposes of evaluating DocGo's core operating performance, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts, strategic planning, evaluating and valuing potential acquisition candidates, and benchmarking performance externally against competitors. DocGo believes this non-GAAP financial information provides additional insight into our financial performance and future prospects of the company's core business and have therefore chosen to provide this information to investors to help them evaluate our results of operations and enhance the ability to make period-to-period comparisons. Other companies, including companies in our industry, may not use Adjusted EBITDA or may calculate it differently than as presented below, limiting Its usefulness as a comparative measure. In evaluating these non-GAAP measures, you should be aware that in the future we will incur expenses that are the same as or similar to some of the adjustments made in the calculations of Adjusted EBITDA and our presentation of it herein should not be construed to mean that our future results will be unaffected by such adjustments. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Reconciliation of Net Income to Adjusted EBITDA \\ \hline & & \\ \hline & Q4 & YTD \\ \hline & & 2020 & & 2021 & & & 2020 & & 2021 & \\ \hline Net income/(loss) (GAAP) & & -$4.4 & & $2.5 & & & -$14.8 & & $1.4 & \\ \hline (+) Net Interest/expense/ (income) & & -$0.2 & & $0.2 & & & $0.2 & & $1.0 & \\ \hline (+) Income tax & & $0.1 & & $0.3 & & & $0.2 & & $0.6 & \\ \hline (+) Depreciation & amortization & & $1.4 & & $2.2 & & & $5.4 & & $7.8 & \\ \hline & & & & & & & & & & \\ \hline EBITDA & & -$3.1 & & $5.2 & & & -$9.0 & & $10.8 & \\ \hline & & & & & & & & & & \\ \hline (+) Non-cash stock compensation & & $0.2 & & $0.1 & & & $0.7 & & $1.3 & \\ \hline (+) Non-recurring expense & & $0.0 & & $0.1 & & & $0.2 & & $0.9 & \\ \hline Adjusted EBITDA & & -$2.9 & & $5.4 & & & -$8.1 & & $13.0 & \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005115r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005115/en/](https://www.businesswire.com/news/home/20220128005115/en/) **Investors:**Steve Halper LifeSci Advisors 646-876-6455 [[email protected] ](mailto:[email protected]) [[email protected]](mailto:[email protected])**Media:**Natalie Weddle Crowe PR [[email protected] ](mailto:[email protected])(646) 916-5314 Source: DocGo
Broader Sector Information:
Date: 2022-01-28
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. 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[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)*Stock Advisor returns as of January 10, 2022Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables accompanying the company's press release issued this morning. The company expressly disclaims any intent or obligation to update any of the forward-looking statements made in today's call, any recordings of today's call, the press release issued earlier today, or in any of its SEC filings, except as may be otherwise stated by the company. I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. 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Date: 2022-01-28
Title: Ares Commercial Real Estate Corporation Announces Tax Reporting Information for Calendar Year 2021
Article: NEW YORK--(BUSINESS WIRE)-- Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”) today announced the 2021 tax treatment for the Company’s common stock distributions (CUSIP # 04013V-10-8). \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Form 1099 & & & & & & & \\ \hline Reference: & (Box 1a+2a) & Box 1a & Box 1b & Box 2a & Box 2b & Box 5 \\ \hline Record Date & Payment Date & Cash Distribution Per Share & Distribution Allocable to 2021 & Taxable Ordinary Dividends & Taxable Qualified Dividends(1) & Total Capital Gain Distribution & Unrecaptured Section 1250 Gain(2) & Section 199A Dividends(1) \\ \hline 12/30/2020 & 1/15/2021 & $0.3300 & $0.0000(3) & $0.0000 & $0.0000 & $0.0000 & $0.0000 & $0.0000 \\ \hline 3/31/2021 & 4/15/2021 & $0.3500 & $0.3500 & $0.3500 & $0.0127 & $0.0000 & $0.0000 & $0.3373 \\ \hline 6/30/2021 & 7/15/2021 & $0.3500 & $0.3500 & $0.3500 & $0.0127 & $0.0000 & $0.0000 & $0.3373 \\ \hline 9/30/2021 & 10/15/2021 & $0.3500 & $0.3500 & $0.3500 & $0.0127 & $0.0000 & $0.0000 & $0.3373 \\ \hline 12/31/2021 & 1/19/2022 & $0.3500 & $0.3500(4) & $0.3500 & $0.0127 & $0.0000 & $0.0000 & $0.3373 \\ \hline & Totals & & $1.4000 & $1.4000 & $0.0508 & $0.0000 & $0.0000 & $1.3492 \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Boxes 1b and 5 are subsets of, and included in, Box 1a \\ \hline (2) & Box 2b is a subset of, and included in, Box 2a \\ \hline (3) & The entire distribution of $0.3300 per share was treated as taxable in 2020 pursuant to Section 857(b)(9) of the Internal Revenue Code \\ \hline (4) & The entire distribution of $0.3500 per share is treated as taxable in 2021 pursuant to Section 857(b)(9) of the Internal Revenue Code \\ \hline \end{table} The amounts indicated above are not classified as excess inclusion income. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company’s distributions. **About Ares Commercial Real Estate Corporation** Ares Commercial Real Estate Corporation is a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, the Company provides a broad offering of flexible and reliable financing solutions for commercial real estate owners and operators. The Company originates senior mortgage loans, as well as subordinate financings, mezzanine debt and preferred equity, with an emphasis on providing value added financing on a variety of properties located in liquid markets across the United States. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation. For more information, please visit [www.arescre.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.arescre.com&esheet=52570794&newsitemid=20220128005508&lan=en-US&anchor=www.arescre.com&index=1&md5=e0dafa8457a6b4ce5aa1cb5ad747c85e). The contents of such website are not, and should not be deemed to be, incorporated by reference herein. **Forward-Looking Statements** Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which relate to future events or the Company’s future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, those described from time to time in the Company’s filings with the Securities and Exchange Commission. Ares Commercial Real Estate Corporation undertakes no duty to update any forward-looking statements made herein.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005508r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005508/en/](https://www.businesswire.com/news/home/20220128005508/en/) **Investor Relations:**Ares Commercial Real Estate Corporation Carl Drake or Veronica Mendiola Mayer 888-818-5298 [[email protected]](mailto:[email protected]) Source: Ares Commercial Real Estate Corporation
Date: 2022-01-28
Title: The past five years for Argan (NYSE:AGX) investors has not been profitable
Article: In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn't blame long term **Argan, Inc.** (NYSE:AGX) shareholders for doubting their decision to hold, with the stock down 45% over a half decade.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the five years over which the share price declined, Argan's earnings per share (EPS) dropped by 5.2% each year. This reduction in EPS is less than the 11% annual reduction in the share price. So it seems the market was too confident about the business, in the past.The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/298718-earnings-per-share-growth-1-dark/1643364059812) NYSE:AGX Earnings Per Share Growth January 28th 2022It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of [historic growth trends, available here.](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past). **What About Dividends?**It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Argan's TSR for the last 5 years was -36%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. **A Different Perspective** While the broader market gained around 5.2% in the last year, Argan shareholders lost 7.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 6% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Argan has [1 warning sign ](https://simplywall.st/stocks/us/capital-goods/nyse-agx/argan?blueprint=1874575&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **Argan may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with past earnings growth (and further growth forecast).](https://simplywall.st/discover/investing-ideas/19524/growth-stocks?blueprint=1874575&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU3NTpmMTUzMGU4MzI1NjEyMGZm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: TMP
Security: Tompkins Financial Corporation
Related Stocks/Topics: Stocks|FISI
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 82.2442
Stock Price 2 days before: 83.5097
Stock Price 1 day before: 82.021
Stock Price at release: 79.3287
Risk-Free Rate at release: 0.0004
| 79.238 |
Broader Economic Information:
Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Church & Dwight (CHD) Q4 Earnings Top Estimates, Sales Rise
Article: **Church & Dwight Co., Inc.** [CHD](https://www.nasdaq.com/market-activity/stocks/chd) reported solid fourth-quarter 2021 results, with the top and the bottom line increasing year over year. The company’s earnings and net sales surpassed the Zacks Consensus Estimate. **Quarter in Detail** Church & Dwight posted adjusted earnings of 64 cents per share that topped the Zacks Consensus Estimate of 58 cents and increased 20.8% from the year-ago quarter’s level. This upside was mainly backed by greater-than-anticipated revenues from the company’s consumer domestic business. Also, the reduced tax rate was an upside. This was somewhat offset by increased marketing investments for the company’s brands along with higher incentive compensation.Net sales of $1,368.7 million moved up 5.7% year over year and surpassed the Zacks Consensus Estimate of $1,348.8 million. Results were backed by solid consumption for the company’s brands. Organic sales rose 4.3%, with a favorable price and product mix of 6%. However, volumes declined 1.7%.The company saw consumption gains in 11 out of 16 domestic categories. **Church & Dwight Co., Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise)[Church & Dwight Co., Inc. price-eps-surprise](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise) | [Church & Dwight Co., Inc. Quote](https://www.nasdaq.com/market-activity/stocks/chd) The gross margin shrunk 50 basis points (bps) to 42.5% due tothe adverse impact from increased manufacturing costs, net of pricing and productivity.Marketing expenses remained unchanged year over year to $201.1 million. As a percentage of sales, the figure shrunk 90 bps to 14.7%. Adjusted SG&A expenses, as a percentage of sales, expanded 50 bps to 14.9%, thanks to acquisition costs, asset write-offs and increased compensation-related costs. **Segment Details****Consumer Domestic**: Net sales in the segment increased 5.1% to $1,041.7 million, owing to higher household and personal care sales. Organic sales improved 3.6%, driven by a higher price and product mix, somewhat negated by reduced volumes. OXICLEAN stain fighter powder, ARM & HAMMER clumping cat litter, ARM & HAMMER liquid detergent, ARM & HAMMER scent boosters and BATISTE dry shampoo aided the segment. **Consumer International**: Net sales in the segment increased 5.9% to $242 million, mainly on the back of the improvement of Global Markets Group. Organic sales were up 4.7%,with a volume rise of 4.2%. Organic sales growth was mainly driven by VITAFUSION, STERIMAR, FEMFRESH, NAIR and OXICLEAN in the Global Markets Group. **Specialty Products**: Sales in the segment advanced 12% to $85 million. Organic sales mainly increased on favorable price and volume. Dairy and non-dairy sales increased in the quarter. **Other Updates** Church & Dwight reported cash on hand of $240.6 million and total debt of $2.56 billion as of Dec 31, 2021. For 2021, cash from operating activities came in at $993.8 million. Capital expenditures amounted to $118.8 million in 2021.The company announced a 4% hike in its quarterly [dividend](https://www.zacks.com/stock/research/CHD/dividend-history) from 25.25 cents to 26.25 per share. The revised quarterly dividend will be paid on Mar 1, 2022, to shareholders of record as of Feb 15, 2022. This marks the company’s 26th consecutive year of a dividend hike. At present, management has almost 242 million shares outstanding under its buyback plan. **2022 View** Church & Dwight is on track to undertake impressive product launches in 2022. In the Health and Wellbeing category, the VITAFUSION brand rolled out 2 in 1 BI-LAYER GUMMIES and an Ashwaganda gummy line. The ZICAM brand is rolling out the first immune supplement gummies with Zinc + Vitamins C&D. In the Specialty Haircare category, the BATISTE brand is launching a Leave-in Hair Mask. The company’s personal care portfolio will be adding SPINBRUSH CLEAR AND CLEAN TM.Management expects 2022 reported sales growth in the range of 5-8% year over year, while organic sales are likely to rise 3-6%. The company expects various categories to remain at escalated consumption levels like laundry, gummy vitamins, laundry additives, hair growth supplements and cat litter in 2022.The company expects to witness additional cost inflation to the tune of $155 million when compared with 2021 level. That being said, it is on track to offset price inflation. However, management expects to face inflation at a greater rate than effective price increases in 2022.For 2022, the operating profit margin is likely to expand by 60-70 bps compared with the adjusted operating margin reported in the year-ago period. The gross margin is likely to be down from the 2021 level. Management anticipates earnings per share (EPS) between $3.14 and $3.26, up 4-8% compared with year-ago adjusted EPS. The metric is expected to be driven by operating income growth offset by a major rise inthe effective tax rate.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d8/16840.jpg?v=2106944569) Image Source: Zacks Investment Research** Q1 Outlook** For the first quarter of 2022, the company expects a 3-4% increase in reported sales and organic sales are estimated to rise 1-2%. EPS are projected to be 75 cents in the quarter, suggesting a 9.6% decline from the year-ago quarter’s adjusted figure.In the past three months, shares of this Zacks Rank #3 (Hold) company have increased 15.7% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/soap-and-cleaning-materials-174)’s growth of 7%. **Hot Consumer Staples Bets** Some better-ranked stocks are **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Flower Foods** [FLO](https://www.nasdaq.com/market-activity/stocks/flo).United Natural Foods, the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, sports a Zacks Rank #1 (Strong Buy). Shares of UNFI have declined 15.3% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for United Natural Foods’ current financial year EPS and sales suggests growth of 8.8% and 5.1%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have declined 4.5% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average.Flower Foods, the producer of packaged bakery foods in the United States, currently carries a Zacks Rank #2. Shares of FLO have gained 13% in the past three months.The Zacks Consensus Estimate for Flower Foods’ 2022 sales suggests growth of 1.9% from the year-ago reported figure. FLO has a trailing four-quarter earnings surprise of 15.4%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Church & Dwight Co., Inc. (CHD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CHD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Flowers Foods, Inc. (FLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859189/church-dwight-chd-q4-earnings-top-estimates-sales-rise?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
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Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast
Article: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \begin{table}{|c|c|c|c|} \hline Webcast & & & www.LTCReit.com \\ \hline USA Toll-Free Number & & & 1-844-200-6205 \\ \hline Canada Toll-Free Number & & & 1-833-950-0062 \\ \hline Conference Access Code & & & 441550 \\ \hline \end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \begin{table}{|c|c|c|c|} \hline USA Toll-Free Number & & & 1-866-813-9403 \\ \hline Canada Local Number & & & 1-226-828-7578 \\ \hline Conference Access Code & & & 188544 \\ \hline \end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.
Date: 2022-01-28
Title: Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of US$0.14
Article: **Hope Bancorp, Inc.'s** (NASDAQ:HOPE) investors are due to receive a payment of US$0.14 per share on 17th of February. This makes the dividend yield 3.4%, which will augment investor returns quite nicely. **Hope Bancorp's Payment Has Solid Earnings Coverage** If the payments aren't sustainable, a high yield for a few years won't matter that much. Before making this announcement, Hope Bancorp was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Over the next year, EPS is forecast to fall by 1.6%. If the dividend continues along the path it has been on recently, we estimate the payout ratio could be 35%, which is comfortable for the company to continue in the future.[historic-dividend](https://images.simplywall.st/asset/chart/414570-historic-dividend-1-dark/1643366201082) NasdaqGS:HOPE Historic Dividend January 28th 2022**Hope Bancorp Doesn't Have A Long Payment History** The dividend's track record has been pretty solid, but with only 9 years of history we want to see a few more years of history before making any solid conclusions. Since 2013, the dividend has gone from US$0.20 to US$0.56. This means that it has been growing its distributions at 12% per annum over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Has Growth Potential** Investors could be attracted to the stock based on the quality of its payment history. Hope Bancorp has impressed us by growing EPS at 9.1% per year over the past five years. Hope Bancorp definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. **Hope Bancorp Looks Like A Great Dividend Stock** Overall, we like to see the dividend staying consistent, and we think Hope Bancorp might even raise payments in the future. The distributions are easily covered by earnings, and there is plenty of cash being generated as well. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All of these factors considered, we think this has solid potential as a dividend stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified [1 warning sign for Hope Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-hope/hope-bancorp?blueprint=1874750&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874750&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc1MDplYTRmZmM4OTc2OWM2MWRk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Broader Sector Information:
Date: 2022-01-28
Title: Teladoc Stock Is Due for a Major Upside Reversal
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**Teladoc Health** (NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is among the pandemic-driven high-fliers on a sustained downtrend. At the height of the lockdown, investors piled into companies that would thrive in a stay-at-home and work-at-home scenario. In one year’s time, shares of the virtual healthcare services company rocketed 175% to a high of $308, made in February 2021. [A woman talks to a doctor on her laptop. telehealth stocks](https://investorplace.com/wp-content/uploads/2020/09/telehealth_1600_b-300x169.jpg) Source: fizkes/ShutterStock.comCurrently, TDOC stock is trading below $70, down 55% from early November. Teladoc cannot blame its underperformance solely on the bashing growth stocks have taken in 2022, though. Its [ambitious Livongo acquisition](https://www.businessinsider.com/teladoc-livongo-insiders-describe-how-the-merger-is-going-2021-11) will take time to meaningfully add to results, and investors are impatient. They are selling TDOC stock now and asking questions later. **Growth Fails to Lift TDOC Stock** Teladoc is a global leader in virtual healthcare with 76 million members and 10,000 providers.The company [reported third-quarter results](https://www.globenewswire.com/news-release/2021/10/27/2322122/0/en/Teladoc-Health-Reports-Third-Quarter-2021-Results.html) on Oct. 27, delivering some impressive growth. Revenue jumped 81% year over year to $522 million, while the number of visits rose 37% to more than 3.9 million. Meanwhile, management said it expects full-year revenue to be about 85% higher at just over $2 billion. It also highlighted “significant” new agreements with **CVS Health** (NYSE: [CVS](https://investorplace.com/stock-quotes/cvs-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Centene** (NYSE: [CNC](https://investorplace.com/stock-quotes/cnc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) However, the company reported a net loss of $84.3 million for Q3, more than double the loss in the year-ago quarter. That was actually better than analysts were hoping for. Yet, losses for the first nine months of 2021 ballooned 358% year over year to $417.8 million. A big part of the increase in Teladoc’s losses was due to the higher amortization of acquired intangible assets from Livongo and [InTouch Health](https://www.healthcareitnews.com/news/teladoc-completes-intouch-health-acquisition). Still, as investors turned their attention from growth to profitability, TDOC stock has suffered. **What Teladoc Needs to Prove** Teladoc expects to expand its profit margins by gaining scale. Its revenue growth demonstrates this is achievable. Increased operating leverage from its marketplace, investments from research and development, and growth in consumers and clients will raise its adjusted EBITDA over time.Growth investors should brace for the dramatic shift in market sentiment to limit or hurt the stock’s performance in the near term. Teladoc still has vested stock awards related to the Livongo merger. Shareholders realize the deal will enrich Livongo staff while hurting their holding.To justify continued investments in Teladoc, the company needs its virtual and healthcare services to keep growing. Eventually, revenue will outpace costs and stock-based compensation will ease. Moreover, Teladoc needs its business growth to accelerate despite Covid-19 lockdowns permanently easing.The company’s virtual care offers consumers a convenient way to meet their healthcare needs. Teladoc can build on that user experience. For example, it could offer a holistic solution that meets more than just a few customers’ needs. The firm’s suite of offerings includes a broad spectrum of coordinated care services. It can build on chronic care and mental health care through its virtual medical care services. Currently, referrals should sustain growth. To achieve accelerated growth, Teladoc must go to market by expanding internationally through a direct-to-consumer channel.Healthcare systems will recognize the value of its data science, which will deliver actionable insight for data providers. Furthermore, consumers are more engaged and better informed. By getting better healthcare services and health outcomes, Teladoc is a major contender in the virtual health care field. **TDOC Stock Valuation, Risks** According to Stock Rover, a quant scoring service, TDOC stock has a fair grade on quality, value and growth.[Teledoc score](https://investorplace.com/wp-content/uploads/2022/01/tdoc-stock-score.jpg) Chart courtesy of [Stock Rover](https://www.stockrover.com/why-stock-rover/?sa_author=diy_value_investing).The value score suggests Teledoc’s stock price may fall further. Eventually, though, value investors will recognize that the stock is inexpensive relative to its growth prospects for the next three to five years.The company’s expanded scope of products will keep its membership base satisfied. Its widening offerings should also help attract new consumers, boosting growth. For example, according to a [recent presentation](https://s21.q4cdn.com/672268105/files/doc_presentations/2022/01/TDOC-Investor-Presentation-January-2022.pdf), Teladoc has 76 million individuals who have access to its telemedicine solutions, plus another 16 million who have a contract for its chronic care solutions. Those 92 million members will give Teladoc a chance to cross-sell high-value products and services.As for risks, telemedicine is still a nascent field that competes with traditional in-person health care. The firm may take longer than investors hope to increase its market share. Furthermore, Teladoc risks a membership growth slowdown and may need to buy more firms or increase R&D spending to attract more customers. **The Bottom Line on TDOC Stock** In a five-year discounted cash flow revenue exit model, readers may assume the following revenue multiple: \begin{table}{|c|c|c|} \hline Metrics & Range & Conclusion \\ \hline Discount Rate & 10.0% – 8.0% & 9.0% \\ \hline Terminal Revenue Multiple & 1.0x – 2.0x & 1.5x \\ \hline Fair Value & $71.17 – $151.79 & $110.07 \\ \hline \end{table} Model courtesy of [finbox](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z).In this [interactive model](https://finbox.com/s/m-1331e70c?pi=fnbox&ai=oj32jt3Z), adjust the revenue growth rate to re-calculate the stock’s fair value. I forecasted revenue to grow by at least 75% annually through the fiscal year 2024. This would suggest a fair value of around $110, or 58% higher than today’s price. Investors have no idea when Teladoc’s stock will stop dropping. So, consider starting with a small position first. As sentiment improves and the company gets closer to profitability, build a bigger allocation in TDOC stock. Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns.The post [Teladoc Stock Is Due for a Major Upside Reversal](https://investorplace.com/2022/01/teladoc-stock-is-due-for-a-major-upside-reversal/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: 2 Top Stocks to Buy in 2022 Now That Oil and Gas Is Hot and Renewable Energy Is Cold
Article: The U.S. stock market hasn't had the best start to 2022. Just three weeks into the year, and the **S&P 500** is down close to 8% and the **Nasdaq** is down 12%. However, the energy sector, which is comprised mostly of oil and gas stocks, remains up over 12% for the year.Pipeline giant **Kinder Morgan** [(NYSE: KMI)](https://www.nasdaq.com/market-activity/stocks/kmi) and integrated solar solution provider **SolarEdge Technologies** [(NASDAQ: SEDG)](https://www.nasdaq.com/market-activity/stocks/sedg) are two completely different businesses that are both worth buying now. Here's why. [A welder operating on a pipeline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662509%2Fgettyimages-498337716.jpg&w=700) Image source: Getty Images. **A top-tier income and value stock** Kinder Morgan is the U.S. leader in [natural gas](https://www.fool.com/investing/stock-market/market-sectors/energy/natural-gas-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749) pipeline infrastructure. It is also a major player in oil and CO2 energy transportation and storage.With its business tied to long-term contracts, Kinder Morgan doesn't benefit from higher oil and gas prices -- or suffer from lower ones -- as much as other players in the industry. Instead, it generates [fairly stable free cash flow](https://www.fool.com/investing/2021/10/31/kinder-morgans-capital-discipline-illustrates-why/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749) that it has been using to [grow its dividend](https://www.fool.com/investing/2021/10/30/double-your-money-by-2033-on-dividends-alone-from/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749), make [selective investments](https://www.fool.com/investing/2021/08/03/is-kinder-morgan-returning-to-growth/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749), buy back shares, and [pay off debt](https://www.fool.com/investing/2021/07/28/kinder-morgans-balance-sheet-is-in-its-best-shape/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749).In December, Kinder Morgan forecasted its full-year 2022 results before it even reported full-year 2021 earnings. Aside from a strong balance sheet, higher net income, and higher earnings before interest, taxes, depreciation, and amortization (EBITDA), Kinder Morgan is also raising its dividend to $1.11 per share per year, giving it a dividend yield of 6.4%.Instead of chasing upstream oil and gas companies at higher valuations, Kinder Morgan's forward price-to-earnings ratio of 15.7 and high dividend yield make it [my top dividend stock to buy for 2022](https://www.fool.com/investing/2022/01/12/my-top-dividend-stock-to-buy-for-2022-and-its-not/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749). **SolarEdge is a bright spot in a struggling industry** SolarEdge may not pay a dividend like Kinder Morgan. But it does have a few key similarities that could make it a nice stock to buy on sale.For starters, SolarEdge is free cash flow positive, generates positive net income, and has more cash, deposits, and investments on its balance sheet than debt. Unlike growth companies that lack profits and depend on debt to operate and invest in their future, SolarEdge is self-reliant, giving it a critical cushion in today's rising interest rate and high inflation business climate.What's more, SolarEdge's business is doing incredibly well, even as the solar industry as a whole is challenged by stalling investment. In fact, SolarEdge recorded record-high quarterly revenue in Q3 2021. And despite higher costs to produce its products, SolarEdge continues to sport a 30% or higher gross margin.Considering the strength of its underlying business and the fact that its stock price is down 40% in two months, SolarEdge is a great buy now for investors that believe SolarEdge will be able to grow revenue and earnings at a sustained rate so that it can grow into its valuation. Even after its share price decline, SolarEdge stock is still trading at 84 times earnings and has a price-to-sales ratio of 7, indicating that it is still an expensive stock relative to its current performance. **A balanced approach to investing in the energy sector** Equal parts of Kinder Morgan and SolarEdge Technologies would give investors exposure to oil and gas and solar. The basket would also have a 3.2% dividend yield and plenty of growth opportunities thanks to SolarEdge. Buying industry leaders remains the best choice for investors looking to lean into the red-hot oil and gas market while also snatching up bargains in [renewable energy](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749). **10 stocks we like better than Kinder Morgan** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=719bbb61-f2ca-4f94-b694-a79aedcfc9f9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DKinder%2520Morgan&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749) for investors to buy right now... and Kinder Morgan wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=719bbb61-f2ca-4f94-b694-a79aedcfc9f9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DKinder%2520Morgan&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=83f8a938-1c72-4820-8366-c088bcf43749)*Stock Advisor returns as of January 10, 2022 [Daniel Foelber](https://boards.fool.com/profile/TMFpalomino2/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Kinder Morgan. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Weave Surpasses $1B in Payments Processed
Article: Text-to-pay, wireless terminals and card on file features make collecting customer payments easier for small businesses LEHI, Utah--(BUSINESS WIRE)-- Weave (NYSE: WEAVE), the all-in-one customer communication platform for small business, today announced the company has surpassed $1 billion in payments processed through Weave Payments. With recent enhancements to its payments offerings, this milestone is significant as Weave continues on its mission of becoming an essential software for small businesses.Weave Payments is the full payment processing solution that offers multiple contactless payment options, including in-office payments, mobile card payments, manual card entry, and Text To Pay, an innovative feature that allows customers to pay instantly from a mobile device. With Weave’s easy-to-use Payments dashboard, customers can quickly see which bills are outstanding, which have been paid, which have been refunded, and which need to be recorded.“Communication serves as the foundation of everything a small business does,” said Roy Banks, Chief Executive Officer of Weave. “It’s our job to help our customers deliver seamless and convenient interactions with their customers, everything from the first interaction through payments. We’ve received an overwhelmingly positive response from our customers about our ability to integrate payment processing within existing communications channels. This milestone signifies the importance of effective communication in managing customer interactions and we are focused on growing payments across our customer base.”Weave has been growing its payments offering since it launched in 2020, most recently adding wireless terminals and the ability to store customers’ preferred payment methods in the last quarter of 2021.“My favorite feature of Weave, hands down, is Text To Pay,” said Weave customer Valarie Caulfield, Office Manager at Sodorff & Wilson Family Dentistry. “80% of our patients are paying within 24 hours.”To learn more about Weave’s unified customer communications and engagement platform, visit [getweave.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.getweave.com%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=getweave.com&index=1&md5=5f26d605086aabbf381c5aa60afb0e4c). **About Weave** Weave is the all-in-one customer communications and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and was certified as a Great Place to Work. To learn more, visit [www.getweave.com/newsroom/](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.getweave.com%2Fnewsroom%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=www.getweave.com%2Fnewsroom%2F&index=2&md5=3094f9fec192fc8647d370d50f699123)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005079r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005079/en/](https://www.businesswire.com/news/home/20220128005079/en/) Kali Geldis Director of Communications, Weave [[email protected]](mailto:[email protected]) Source: Weave
Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Kronos Worldwide (KRO) Gains As Market Dips: What You Should Know
Article: Kronos Worldwide (KRO) closed at $14.44 in the latest trading session, marking a +0.07% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq lost 0.12%.Coming into today, shares of the maker of titanium dioxide pigments had lost 3.86% in the past month. In that same time, the Basic Materials sector lost 2.26%, while the S&P 500 lost 7.87%. Wall Street will be looking for positivity from Kronos Worldwide as it approaches its next earnings report date. The company is expected to report EPS of $0.27, up 200% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $489.69 million, up 18.03% from the year-ago period.Investors should also note any recent changes to analyst estimates for Kronos Worldwide. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kronos Worldwide is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, Kronos Worldwide currently has a Forward P/E ratio of 11.54. This represents a discount compared to its industry's average Forward P/E of 12.41. The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [Kronos Worldwide Inc (KRO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KRO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858736/kronos-worldwide-kro-gains-as-market-dips-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: BSVN
Security: Bank7 Corp.
Related Stocks/Topics: Stocks|RMAX
Title: Bank7 (BSVN) Lags Q4 Earnings Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Bank7 (BSVN) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.22%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surprise of 7.81%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Bank7, which belongs to the Zacks Banks - Southeast industry, posted revenues of $14.74 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $12.9 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Bank7 shares have added about 1.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Bank7?**While Bank7 has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/BSVN/earnings-calendar), the estimate revisions trend for Bank7: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $16.2 million in revenues for the coming quarter and $2.95 on $63.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. RE/MAX (RMAX), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 23.This franchisor of residential real estate brokerages is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +14.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.RE/MAX's revenues are expected to be $88.95 million, up 22.8% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Bank7 Corp. (BSVN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BSVN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [REMAX Holdings, Inc. (RMAX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RMAX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859081/bank7-bsvn-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 22.852
Stock Price 2 days before: 24.0159
Stock Price 1 day before: 23.8371
Stock Price at release: 23.6157
Risk-Free Rate at release: 0.0004
| 23.769 |
Broader Economic Information:
Date: 2022-01-28
Title: Interesting PTON Put And Call Options For March 11th
Article: Investors in Peloton Interactive Inc (Symbol: PTON) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the PTON options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $20.00 strike price has a current bid of $1.66. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.00, but will also collect the premium, putting the cost basis of the shares at $18.34 (before broker commissions). To an investor already interested in purchasing shares of PTON, that could represent an attractive alternative to paying $23.37/share today. Because the $20.00 strike represents an approximate 14% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=PTON&month=20220311&type=put&contract=20.00). Should the contract expire worthless, the premium would represent a 8.30% return on the cash commitment, or 72.13% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Peloton Interactive Inc, and highlighting in green where the $20.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $24.00 strike price has a current bid of $2.92. If an investor was to purchase shares of PTON stock at the current price level of $23.37/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $24.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.19% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if PTON shares really soar, which is why looking at the trailing twelve month trading history for Peloton Interactive Inc, as well as studying the business fundamentals becomes important. Below is a chart showing PTON's trailing twelve month trading history, with the $24.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $24.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=PTON&month=20220311&type=call&contract=24.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 12.49% boost of extra return to the investor, or 108.58% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 115%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $23.37) to be 86%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of Stocks with Recent Secondaries »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-stocks-with-recent-secondaries/)
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule
Article: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \begin{table}{|c|c|c|} \hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\ \hline \end{table} **Conference Call Details** \begin{table}{|c|c|} \hline Date: & Friday, February 25th, 2022 \\ \hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\ \hline United States dial in: & +1-844-204-8586 \\ \hline Mexico dial in: & +52-55-8880-8040 \\ \hline International dial in: & +1-412-317-6346 \\ \hline Participant Code: & Volaris \\ \hline Replay access Code: & 10163641 \\ \hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\ \hline \end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [[email protected]](mailto:[email protected]) **Media Contact:**Gabriela Fernández / [[email protected]](mailto:[email protected]) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris
Broader Sector Information:
Date: 2022-01-28
Title: Community Trust Bancorp, Inc. Declares Its Cash Dividend
Article: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Best Value Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: FUBO
Security: fuboTV Inc.
Related Stocks/Topics: Stocks
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 9.99
Stock Price 2 days before: 10.179
Stock Price 1 day before: 9.55733
Stock Price at release: 8.74332
Risk-Free Rate at release: 0.0004
Symbol: IBCP
Security: Independent Bank Corporation
Related Stocks/Topics: Nasdaq-Listed Companies
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 24.1916
Stock Price 2 days before: 25.589
Stock Price 1 day before: 25.4978
Stock Price at release: 24.468
Risk-Free Rate at release: 0.0004
Symbol: BZH
Security: Beazer Homes USA, Inc.
Related Stocks/Topics: Public Companies
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 18.4467
Stock Price 2 days before: 19.4128
Stock Price 1 day before: 18.4724
Stock Price at release: 18.1737
Risk-Free Rate at release: 0.0004
Symbol: RBCAA
Security: Republic Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Republic Bancorp, Inc. Finishes 2021 with Fourth Quarter Net Income of $16.8 Million and Full Year Net Income of $86.8 Million
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: LOUISVILLE, Ky.--(BUSINESS WIRE)-- **Republic Bancorp, Inc.** **(NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company of Republic Bank & Trust Company (the “Bank”). **This press release features multimedia. View the full release here: [https://www.businesswire.com/news/home/20220128005005/en/](https://www.businesswire.com/news/home/20220128005005/en/)[Republic Bancorp, Inc.](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.republicbank.com%2Fhome%2Fabout-us&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=Republic+Bancorp%2C+Inc.&index=1&md5=86c28661ed753be9eaedd0a86a225218) (“Republic” or the “Company”) is pleased to report fourth quarter 2021 net income of $16.8 million, resulting in Diluted Earnings per Class A Common Share (“Diluted EPS”) of $0.84. Full year 2021 net income was $86.8 million, a $3.5 million, or 4%, increase from the same period in 2020, resulting in return on average assets (“ROA”) and return on average equity (“ROE”) of 1.38% and 10.27%.[Logan Pichel](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Frepublicbank.q4ir.com%2Foverview%2Fofficers-directors%2Fdefault.aspx&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=Logan+Pichel&index=2&md5=90eda771305c3cfafe3930c1486dea23), President and CEO of Republic Bank & Trust Company, commented, “I am very proud of what we accomplished during 2021, as we continue on our mission to enable our clients, Company, associates, and the communities we serve to thrive. Included among our accomplishments for the year were: - A solid year of earnings in 2021, finishing the year with a 4% increase in net income over 2020; - A successful CEO transition due to the continued leadership of our current Executive Chair Steve Trager; - Pristine credit quality metrics at our Core Bank(1) that continue to place us among the very best banks in the country; - Continued support for our communities by providing $210 million of COVID relief loans and over 5,500 volunteer hours from our associates; - Enhanced focus on diversity and inclusion; - Promoted technology and innovation through the expanded use of Interactive Teller Machines to increase hours of service for clients and improve efficiency; - Generated record earnings in our Warehouse Lending segment; - Produced the second best year of mortgage banking revenue in our Company’s history; - Grew our noninterest-bearing deposits by another $100 million, or 5%; - Prudently managed our noninterest expense, with a 2% year-over-year decrease; - Effectively transitioned to a flexible work environment that has benefitted our associate recruiting and retention efforts; and - Positioned our balance sheet for the emerging change in the interest rate environment by paying off our Trust Preferred debt, while maintaining large cash balances on the balance sheet. “Certainly all of these positive accomplishments during 2021 would not have been possible without our dedicated team members. With that, I’d like to thank all of our associates who continue to deliver best-in-class service, while dealing with the challenges of an unrelenting pandemic. I could not be more proud of the work we do each and every day and look forward to our bright future in 2022 and beyond,” concluded Pichel.The following table highlights Republic’s key metrics for the three months and years ended December 31, 2021 and 2020. Additional financial details, including segment-level data, are provided in the financial supplement to this release. The financial supplement may be found as Exhibit 99.2 of the Company’s Form 8-K filed with the SEC on January 28, 2022 and may also be found within the digital attachment to this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & Total Company Financial Performance Highlights \\ \hline & & & Three Months Ended Dec. 31, & & & & & Years Ended Dec. 31, & & & \\ \hline (dollars in thousands, except per share data) & & & 2021 & & 2020 & & $ Change & & % Change & & & 2021 & & 2020 & & $ Change & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Income Before Income Tax Expense & & & $ & 19,809 & & & $ & 23,632 & & & $ & (3,823 & ) & & (16 & ) & % & & & $ & 110,341 & & & $ & 102,633 & & & $ & 7,708 & & 8 & & % & \\ \hline Net Income & & & & 16,805 & & & & 20,356 & & & & (3,551 & ) & & (17 & ) & & & & & 86,789 & & & & 83,246 & & & & 3,543 & & 4 & & & \\ \hline Diluted EPS & & & & 0.84 & & & & 0.98 & & & & (0.14 & ) & & (14 & ) & & & & & 4.24 & & & & 3.99 & & & & 0.25 & & 6 & & & \\ \hline Return on Average Assets ("ROA") & & & & 1.09 & % & & & 1.32 & % & & & NA & & & (17 & ) & & & & & 1.38 & % & & & 1.38 & % & & & NA & & — & & & \\ \hline Return on Average Equity ("ROE") & & & & 7.96 & & & & 9.89 & & & & NA & & & (20 & ) & & & & & 10.27 & & & & 10.37 & & & & NA & & (1 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NA – Not applicable \\ \hline \end{table} **Results of Operations for the Fourth Quarter of 2021 Compared to the Fourth Quarter of 2020****Core Bank(1)**Net income from Core Banking was $14.0 million for the fourth quarter of 2021, a $3.1 million decrease from the same period in 2020. This decrease primarily reflected an $8.8 million decrease in total revenue, with the fourth quarter of 2020 offering a more favorable environment for the Core Bank’s net interest income, Paycheck Protection Program (“PPP”) fee income, and more significantly, Mortgage Banking income. Partially offsetting the decrease in revenue from the fourth quarter of 2020 to the fourth quarter of 2021 was a $4.2 million decrease in noninterest expense and a favorable decline in Provision(2).Net Interest Income****– Core Bank net interest income was $43.7 million for the fourth quarter of 2021, a $6.0 million, or 12%, decrease from the fourth quarter of 2020. This decrease was driven primarily by the following: - The Core Bank recognized $3.1 million of fees and interest on its PPP(3) portfolio during the fourth quarter of 2021 compared to $6.0 million of similar fees and interest during the same period in 2020. The $2.9 million decrease in PPP fees and interest primarily reflected the continued wind down of this program and its related benefits. PPP loans repaid during the fourth quarter of 2021 totaled $73 million compared to similar repayments of $127 million for the same period in 2020. To facilitate pandemic relief for the communities it serves, the Core Bank originated 3,700 PPP loans totaling $528 million during 2020 and another 1,900 PPP loans totaling $210 million in early 2021. As of December 31, 2021, net PPP loans of $56 million remained on the Core Bank’s balance sheet, including $15 million in loan balances originated during 2020, $42 million in loan balances originated during 2021, and $1 million of yet-to-be-earned PPP lender fees reported as a credit offset to these originated balances. - Including the decline in PPP fees and interest noted in the previous paragraph, Traditional Bank net interest income decreased $3.4 million, or 8%, and the Traditional Bank net interest margin decreased 38 basis points to 3.08%. Excluding PPP fees and interest(2), Traditional Bank net interest income decreased just 1%, or $450,000, from the fourth quarter 2020, while the Traditional Bank’s net interest margin, declined from 3.27% for the fourth quarter of 2020 to 2.88% for the fourth quarter of 2021. The decline in the net interest income and net interest margin, excluding the impact of PPP, was driven by a continued unfavorable interest rate environment causing the Traditional Bank’s yield on interest-earning assets to decline without a corresponding offset in the cost of its interest-bearing liabilities. - While net interest income within the Core Bank’s Warehouse segment remained strong by historical standards, it decreased $2.4 million, or 29%, from the fourth quarter of 2020 to the fourth quarter of 2021, driven by decreases in both average outstanding balances and net interest margin. Overall average outstanding Warehouse balances declined from $939 million during the fourth quarter of 2020 to $758 million for the fourth quarter of 2021, as home-mortgage refinancing dipped from all-time record highs during 2020. The Warehouse net interest margin compressed 43 basis points from 3.51% during the fourth quarter of 2020 to 3.08% during the fourth quarter of 2021, as competitive forces began driving a decrease to the contractual interest rates on Warehouse lines during the third quarter of 2021. Committed Warehouse lines-of-credit remained at $1.4 billion from December 31, 2020 to December 31, 2021, while average usage rates for Warehouse lines were 54% and 67%, respectively, during the fourth quarters of 2021 and 2020. The following tables present by reportable segment the overall changes in the Core Bank’s net interest income, net interest margin, as well as average and period-end loan balances: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & Net Interest Income & & & Net Interest Margin & \\ \hline (dollars in thousands) & & & Three Months Ended Dec. 31, & & & & & & Three Months Ended Dec. 31, & & & & \\ \hline Reportable Segment & & & 2021 & & & 2020 & & Change & & & 2021 & & 2020 & & Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Banking & & & $ & 37,572 & & & $ & 40,972 & & $ & (3,400 & ) & & & 3.08 & % & & 3.46 & % & & & (0.38 & ) & % & \\ \hline Warehouse Lending & & & & 5,831 & & & & 8,242 & & & (2,411 & ) & & & 3.08 & & & 3.51 & & & & (0.43 & ) & & \\ \hline Mortgage Banking* & & & & 279 & & & & 430 & & & (151 & ) & & & NM & & & NM & & & & NM & & & \\ \hline Total Core Bank & & & $ & 43,682 & & & $ & 49,644 & & $ & (5,962 & ) & & & 3.08 & & & 3.48 & & & & (0.40 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & Average Loan Balances & & & Period-End Loan Balances & \\ \hline (dollars in thousands) & & Three Months Ended Dec. 31, & & & & & Dec. 31, & & & \\ \hline Reportable Segment & & & 2021 & & & 2020 & & $ Change & & % Change & & & & 2021 & & & 2020 & & $ Change & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Banking & & $ & 3,497,478 & & $ & 3,816,403 & & $ & (318,925 & ) & & (8 & ) & % & & & $ & 3,501,959 & & $ & 3,715,649 & & $ & (213,690 & ) & & (6 & ) & % & \\ \hline Warehouse Lending & & & 757,688 & & & 939,164 & & & (181,476 & ) & & (19 & ) & & & & & 850,550 & & & 962,796 & & & (112,246 & ) & & (12 & ) & & \\ \hline Mortgage Banking* & & & 25,227 & & & 32,075 & & & (6,848 & ) & & (21 & ) & & & & & 29,393 & & & 46,867 & & & (17,474 & ) & & (37 & ) & & \\ \hline Total Core Bank & & $ & 4,280,393 & & $ & 4,787,642 & & $ & (507,249 & ) & & (11 & ) & & & & $ & 4,381,902 & & $ & 4,725,312 & & $ & (343,410 & ) & & (7 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline *Includes loans held for sale NM – Not meaningful \\ \hline \end{table} Provision for Expected Credit Loss Expense – The Core Bank’s Provision was a net charge of $337,000 for the fourth quarter of 2021 compared to a net charge of $1.6 million for the fourth quarter of 2020. The net charge during the fourth quarter of 2021 was primarily driven by growth in outstanding Warehouse balances from September 30, 2021 to December 31, 2021. The charge to the Provision during the fourth quarter of 2020 primarily reflected pandemic-related concerns over commercial real estate values in the Core Bank’s market footprint. As of December 31, 2021, while the Core Bank’s credit metrics remained solid, the Company’s Allowance(2) remained generally elevated compared to historical levels due to the continued uncertainty caused by the pandemic and the public response to it.As a percentage of total loans, the Core Bank’s Allowance increased from 1.11% as of December 31, 2020 to 1.18% as of December 31, 2021. The table below provides a view of the Company’s percentage of Allowance-to-total-loans by reportable segment. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & As of Dec. 31, 2021 & & & As of Dec. 31, 2020 & & & Year-over-Year Change & \\ \hline (dollars in thousands) & & & & & & & & Allowance & & & & & & & & & Allowance & & & Allowance & & & \\ \hline Reportable Segment & & Gross Loans & & Allowance & & to Loans & & & Gross Loans & & Allowance & & to Loans & & & to Loans & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Bank, Less PPP & & $ & 3,445,945 & & $ & 49,407 & & 1.43 & % & & & $ & 3,323,330 & & $ & 49,699 & & 1.50 & % & & & (0.07 & ) & % & & (5 & ) & % & \\ \hline Plus: Paycheck Protection Program & & & 56,014 & & & — & & & & & & & 392,319 & & & — & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Bank & & $ & 3,501,959 & & $ & 49,407 & & 1.41 & & & & & 3,715,649 & & & 49,699 & & 1.34 & & & & 0.07 & & & & 5 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Warehouse Lending & & & 850,550 & & & 2,126 & & 0.25 & & & & & 962,796 & & & 2,407 & & 0.25 & & & & — & & & & — & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Total Core Bank & & & 4,352,509 & & & 51,533 & & 1.18 & & & & & 4,678,445 & & & 52,106 & & 1.11 & & & & 0.07 & & & & 6 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tax Refund Solutions & & & 50,987 & & & 96 & & 0.19 & & & & & 23,765 & & & 158 & & 0.66 & & & & (0.47 & ) & & & (71 & ) & & \\ \hline Republic Credit Solutions & & & 93,066 & & & 12,948 & & 13.91 & & & & & 110,893 & & & 8,803 & & 7.94 & & & & 5.97 & & & & 75 & & & \\ \hline Total Republic Processing Group & & & 144,053 & & & 13,044 & & 9.06 & & & & & 134,658 & & & 8,961 & & 6.65 & & & & 2.41 & & & & 36 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Total Company & & $ & 4,496,562 & & $ & 64,577 & & 1.44 & & & & $ & 4,813,103 & & $ & 61,067 & & 1.27 & & & & 0.17 & & & & 13 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} The table below presents the Core Bank’s credit quality metrics: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & \\ \hline & As of and for the: \\ \hline & Quarters Ended: & Years Ended: \\ \hline & Dec. 31, & & Sep. 30, & & Jun. 30, & & Mar. 31, & & Dec. 31, & Dec. 31, & Dec. 31, \\ \hline Core Banking Credit Quality Ratios & 2021 & & 2021 & & 2021 & & 2021 & & 2021 & 2020 & 2019 \\ \hline & & & & & & & & & & & & & & \\ \hline Nonperforming loans to total loans & 0.47 & % & 0.48 & % & 0.49 & % & 0.49 & % & 0.47 & % & 0.50 & % & 0.54 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Nonperforming assets to total loans (including OREO) & 0.51 & & 0.52 & & 0.53 & & 0.53 & & 0.51 & & 0.56 & & 0.54 & \\ \hline & & & & & & & & & & & & & & \\ \hline Delinquent loans* to total loans & 0.17 & & 0.18 & & 0.22 & & 0.19 & & 0.17 & & 0.21 & & 0.30 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net charge-offs (recoveries) to average loans & 0.02 & & (0.02) & & — & & 0.03 & & 0.01 & & 0.03 & & 0.11 & \\ \hline (Quarterly rates annualized) & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline OREO = Other Real Estate Owned & & & & & & & & & & & & & & \\ \hline *Loans 30-days-or-more past due \\ \hline \end{table} Noninterest Income – Core Bank noninterest income was $12.0 million during the fourth quarter of 2021, a decrease of $2.8 million, or 19%, from the fourth quarter of 2020. The decrease in noninterest income was driven primarily by the following: - Mortgage Banking income decreased from $7.9 million for the fourth quarter of 2020 to $3.3 million for the fourth quarter of 2021. For the fourth quarter of 2021, the Core Bank sold $155 million in secondary market loans and achieved an average cash-gain-as-a-percent-of-loans-sold during the quarter of 2.80%. During the fourth quarter of 2020, however, secondary market loan sales were $242 million with comparable cash-gain-as-a-percent-of-loans-sold of 4.32%. Favorable market conditions during the fourth quarter of 2020 brought on by the pandemic drove gains-as-a-percent-of-loans-sold to unprecedented record highs for the entire mortgage industry. - Offsetting the decrease in Mortgage Banking income were increases in Service Charges on Deposits of $320,000 and Interchange Income of $354,000. These increases largely reflect a rise in consumer spending activity at substantially higher levels than the period of pandemic-driven restricted spending during the fourth quarter of 2020. - Additionally, Other Income during the fourth quarter of 2021 included $979,000 of non-recurring revenue related to the Company’s bank owned life insurance. Noninterest Expense – Core Bank noninterest expense was $39.2 million for the fourth quarter of 2021 compared to $43.5 million for the fourth quarter of 2020. The decrease in noninterest expense was driven primarily by the following: - The Core Bank incurred $2.1 million in non-recurring early termination penalties upon payoff of $60 million of FHLB term advances during the fourth quarter of 2020. - Bank Franchise Tax expense decreased $840,000. As previously reported, Kentucky enacted HB354 in March 2019 and as a result, the Bank transitioned from a capital-based bank franchise tax to corporate income tax on January 1, 2021 for Kentucky state taxes. - Salaries and Benefits decreased $649,000, primarily driven by a $1.7 million decrease in incentive compensation expense partially offset by annual merit increases. **Republic Processing Group(4)**The Republic Processing Group (“RPG”) reported net income of $2.8 million for the fourth quarter of 2021 compared to $3.3 million for the same period in 2020, with a $1.1 million negative swing in net loss at RPG’s Tax Refund Solutions (“TRS”) segment partially offset by a $631,000 increase in net income at its Republic Credit Solutions (“RCS”) segment.Tax Refund SolutionsThe TRS segment derives substantially all of its revenues during the first and second quarters of the year and historically operates at a net loss during the second half of the year. TRS recorded a net loss of $1.3 million for the fourth quarter of 2021 compared to a net loss of $164,000 for the same period in 2020. The following primarily drove the negative swing in TRS’s net loss: - TRS recorded a net credit to the Provision of $1.2 million during the fourth quarter of 2021 compared to a net credit of $2.1 million for the same period in 2020. These credits primarily reflected recoveries on Easy Advance (“EA”) loans charged off during the first six months of the year. While TRS experienced a lower rate of EAs charged-off during the first six months of 2021 than the comparable six months in 2020, it also experienced a lower rate of EA recoveries during the fourth quarter of 2021 than the comparable quarter of 2020. Management believes the higher rate of EAs charged-off through the first six months of 2020 and recovered during the fourth quarter of 2020 was directly related to the impact of the pandemic. TRS ended 2021 with an overall EA loss rate of 2.69% of total originations compared to 3.36% for 2020. - TRS Legal & Professional expenses increased $620,000 from the fourth quarter of 2020 to the same period in 2021 due to its ongoing legal matters associated with the canceled sale of its TRS business. Republic Credit SolutionsNet income at RCS increased to $4.1 million for the fourth quarter of 2021 from $3.5 million for the fourth quarter of 2020. The increase in RCS’s net income primarily reflected a $3.6 million increase in RCS’s revenues partially offset by a $2.4 million increase in Provision. Both increases resulted primarily from a $9 million rise in outstanding balances for RCS’s line-of-credit products from December 31, 2020 to December 31, 2021. **Total Company Income Taxes** The Company’s effective tax rate increased to 15.2% for the fourth quarter of 2021 compared to 13.9% for the same period in 2020. The higher effective rate during the fourth quarter of 2021 reflected the Bank’s transition from a capital-based bank franchise tax to a Kentucky corporate income tax on January 1, 2021. However, the Company’s effective tax rate of 15.2% for the fourth quarter of 2021 is lower than the effective tax rate for each of the previous quarters of 2021 primarily due to a one-time state specific tax credit recognized in the fourth quarter of 2021.Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 42 full-service banking centers throughout five states: twenty-eight banking centers in eight Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and two banking centers in two Ohio communities (Cincinnati MSA) – Norwood and West Chester. The Bank offers internet banking at [www.republicbank.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.republicbank.com&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=www.republicbank.com&index=3&md5=e04528da154a61e581660475e7b3982f). The Company has $6.1 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market. **Republic Bank. It’s just easier here. ®****Forward-Looking Statements** This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in the preceding paragraphs are based on our current expectations and assumptions regarding our business, the future impact to our balance sheet and income statement resulting from changes in interest rates, the yield curve, the ability to develop products and strategies in order to meet the Company’s long-term strategic goals, the economy, and other future conditions, the timing of PPP loan forgiveness, and the impact of the COVID pandemic. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Actual results could differ materially based upon factors disclosed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those factors set forth as “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2020. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law. **Footnotes:** \begin{table}{|c|c|} \hline (1) & “Core Bank” or “Core Banking” operations consist of the Traditional Banking, Warehouse Lending, and Mortgage Banking segments. \\ \hline & \\ \hline (2) & Provision – Provision for Expected Credit Loss Expense \\ \hline & Allowance – Allowance for Credit Losses on Loans \\ \hline & \\ \hline (3) & PPP – The U.S. Small Business Administration’s Paycheck Protection Program \\ \hline & \\ \hline & The Company earns lender fees and 1.0% coupon interest on its PPP portfolio. Due to the short-term nature of the PPP, management believes Traditional Bank net interest income excluding PPP fees and interest is a more appropriate measure to analyze the Traditional Bank’s net interest income and net interest margin. The following table reconciles Traditional Bank net interest income and net interest margin to Traditional Bank net interest income and net interest margin excluding PPP fees and interest, a non-GAAP measure. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & Net Interest Income & & & & Interest-Earning Assets & & & & Net Interest Margin & \\ \hline & & & Three Months Ended Dec. 31, & & & & & & & & & Three Months Ended Dec. 31, & & & & & & & & & Three Months Ended Dec. 31, & & & & \\ \hline (dollars in thousands) & & & 2021 & & 2020 & & $ Change & & % Change & & & & 2021 & & 2020 & & $ Change & & % Change & & & & 2021 & & 2020 & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Banking - GAAP & & & $ & 37,572 & & $ & 40,972 & & $ & (3,400 & ) & & (8 & ) & % & & & $ & 4,882,268 & & $ & 4,734,622 & & $ & 147,646 & & & 3 & & % & & & 3.08 & % & & 3.46 & % & & & (0.38 & ) & % & \\ \hline Less: Impact of PPP fees and interest & & & & 3,080 & & & 6,030 & & & (2,950 & ) & & (49 & ) & & & & & 89,156 & & & 463,725 & & & (374,569 & ) & & (81 & ) & & & & 0.20 & & & 0.19 & & & & 0.01 & & & \\ \hline Traditional Banking ex PPP fees and interest - non-GAAP & & & $ & 34,492 & & $ & 34,942 & & $ & (450 & ) & & (1 & ) & & & & $ & 4,793,112 & & $ & 4,270,897 & & $ & 522,215 & & & 12 & & & & & 2.88 & & & 3.27 & & & & (0.39 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|} \hline (4) & Republic Processing Group operations consist of the Tax Refund Solutions and Republic Credit Solutions segments. \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005005r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005005/en/](https://www.businesswire.com/news/home/20220128005005/en/) **Republic Bancorp, Inc. **** [Kevin Sipes ](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Frepublicbank.q4ir.com%2Foverview%2Fofficers-directors%2Fdefault.aspx&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=Kevin+Sipes&index=4&md5=b12654ef1db8354809bd641c0fd00083)****Executive Vice President & Chief Financial Officer****(502) 560-8628** Source: Republic Bancorp, Inc.
Stock Price 4 days before: 0.0
Stock Price 2 days before: 0.0
Stock Price 1 day before: 0.0
Stock Price at release: 0.0
Risk-Free Rate at release: 0.0004
Symbol: PKOH
Security: Park-Ohio Holdings Corp.
Related Stocks/Topics: Unknown
Title: ParkOhio Announces Quarterly Dividend
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Stock Price 4 days before: 19.4651
Stock Price 2 days before: 20.6565
Stock Price 1 day before: 19.7556
Stock Price at release: 19.3639
Risk-Free Rate at release: 0.0004
Symbol: CYRX
Security: Cryoport, Inc.
Related Stocks/Topics: Stocks
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 40.8771
Stock Price 2 days before: 44.3587
Stock Price 1 day before: 40.416
Stock Price at release: 36.497
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: VIR
Security: Vir Biotechnology, Inc.
Related Stocks/Topics: Stocks|ALKS|AXSM
Title: Epizyme (EPZM) Stock Dives on Public Offering of Common Stock
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Epizyme** [EPZM](https://www.nasdaq.com/market-activity/stocks/epzm) announced that it is floating a secondary issue of 56,666,667 shares of its common stock to the public at an issue price of $1.50 per share (excluding underwriting discounts), approximately amounting to $85 million.EPZM also granted an option to underwriters of the issue to purchase an additional 8.5 million shares at the same price. Epizyme plans to use the net proceeds from this new issue combined with its existing cash balance to fund the clinical studies (both ongoing and planned) of its pipeline candidates. The studies include the confirmatory studies evaluating tazemetostat for follicular lymphoma (FL) and epithelioid sarcoma (ES) indications and the basket studies evaluating tazemetostat across multiple new types of hematological malignancies and solid tumors.EPZM will also use the funds from the proceeds to accelerate the commercial adoption of Tazverik. In 2020, tazemetostat was granted an approval by the FDA under an accelerated pathway to treat ES and FL indications. Tazemetostat is marketed by Epizyme under the trade name Tazverik, which is currently the only FDA-approved drug in the company’s portfolio of marketed drugs.Epizyme will also use the proceeds to expand its pipeline and for its general corporate purposes, including working capital requirements.Shares of Epizyme plummeted 44.2% on Jan 27 after the announcement. The fall in share price was likely attributable to the issuance of a large number of shares, which dilutes Epizyme’s current shareholder base. Per an SEC filing by EPZM, its common stock outstanding as of Dec 31, 2021, is approximately 106 million. Notably, the secondary issue accounts for the issuance of the common stock, which is more than half of this figure. Moreover, the issue price per share of $1.50 also did not go well with investors. As a matter of fact, the issue price is at a 21% discount to the closing price on Jan 26, wherein the stock closed at $1.90.Epizyme’s stock has plunged 90.7% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 39.7% decline. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/fd/16830.jpg?v=2115749523) Image Source: Zacks Investment ResearchThe secondary offering is expected to close on Jan 31, 2021.We note that while the equity issue could not cheer investors, it does give a boost to Epizyme’s existing cash balance. Earlier this month, EPZM provided some information on its financial guidance for 2022. It expects the current cash runway to extend into fourth-quarter 2022, after taking into account the expected adjusted operating expenses for the current year. Operating expenses are estimated in the range of $170-$190 million.Apart from tazemetostat, Epizyme has another pipeline candidate, EZM0414, an oral SETD2 inhibitor, which is being evaluated in a phase I/Ib study for relapsed/refractory multiple myeloma and diffuse large B-cell lymphoma indications. **Epizyme, Inc. Price** [](https://www.zacks.com/stock/chart/EPZM/fundamental/price?icid=chart-EPZM-fundamental/price)[Epizyme, Inc. price](https://www.zacks.com/stock/chart/EPZM/fundamental/price?icid=chart-EPZM-fundamental/price) | [Epizyme, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/epzm) **Zacks Rank & Stocks to Consider** Epizyme currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the biotech sector are **Alkermes** [ALKS](https://www.nasdaq.com/market-activity/stocks/alks), **Axsome Therapeutics** [AXSM](https://www.nasdaq.com/market-activity/stocks/axsm) and **Vir Biotechnology** [VIR](https://www.nasdaq.com/market-activity/stocks/vir). While Alkermes and Vir Biotechnology each sport a Zacks Rank #1 (Strong Buy) at present, Axsome Therapeutics currently carries a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Alkermes’ earnings per share estimates for 2022 have increased from 70 cents to 71 cents in the past 60 days. Shares of Alkermes have risen 15.9% in the past year.Earnings of Alkermes beat estimates in all the last four quarters, the average being 147%.Axsome Therapeutics’ loss per share estimates for 2022 have narrowed from $3.67 to $3.64 in the past 60 days.Earnings of Axsome Therapeutics beat estimates in three of the last four quarters while the same missed the mark on one occasion, the average surprise being 0.6%. Vir Biotechnology’s bottom-line estimates for 2022 have been revised from a loss of 47 cents per share to earnings of $6.82 in the past 60 days.Earnings of Vir Biotechnology beat estimates in two of the last four quarters, missing the mark on the other two occasions, the average surprise being 13%. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_256_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Alkermes plc (ALKS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALKS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Epizyme, Inc. (EPZM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EPZM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Axsome Therapeutics, Inc. (AXSM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AXSM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Vir Biotechnology, Inc. (VIR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VIR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859344/epizyme-epzm-stock-dives-on-public-offering-of-common-stock?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 30.1661
Stock Price 2 days before: 33.022
Stock Price 1 day before: 31.7842
Stock Price at release: 32.3921
Risk-Free Rate at release: 0.0004
| 26.8476 |
Broader Economic Information:
Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Wall Street Analysts Think PureTech Health PLC Sponsored ADR (PRTC) Could Surge 92%: Read This Before Placing a Bet
Article: **PureTech Health PLC Sponsored ADR** (PRTC) closed the last trading session at $37.85, gaining 2.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $72.67 indicates a 92% upside potential.The average comprises three short-term price targets ranging from a low of $70 to a high of $76, with a standard deviation of $3.06. While the lowest estimate indicates an increase of 84.9% from the current price level, the most optimistic estimate points to a 100.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.However, an impressive consensus price target is not the only factor that indicates a potential upside in PRTC. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. **Here's What You Should Know About Analysts' Price Targets** According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism. **Here's Why There Could be Plenty of Upside Left in PRTC** There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.8%. Moreover, PRTC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive [externally-audited track record](https://www.zacks.com/performance_disclosure/), this is a more conclusive indication of the stock's potential upside in the near term. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_551_012822&icid=blog-tale_of_the_tape|consensus_price_target-ARTCAT|012822-ZP-commentary_blog-text-eoac) Therefore, while the consensus price target may not be a reliable indicator of how much PRTC could gain, the direction of price movement it implies does appear to be a good guide. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_551_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [PureTech Health PLC Sponsored ADR (PRTC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PRTC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859061/wall-street-analysts-think-puretech-health-plc-sponsored-adr-prtc-could-surge-92-read-this-before-placing-a-bet?cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Cronos Group Provides Bi-Weekly MCTO Status Update
Article: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.
Date: 2022-01-28
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule
Article: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \begin{table}{|c|c|c|} \hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\ \hline \end{table} **Conference Call Details** \begin{table}{|c|c|} \hline Date: & Friday, February 25th, 2022 \\ \hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\ \hline United States dial in: & +1-844-204-8586 \\ \hline Mexico dial in: & +52-55-8880-8040 \\ \hline International dial in: & +1-412-317-6346 \\ \hline Participant Code: & Volaris \\ \hline Replay access Code: & 10163641 \\ \hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\ \hline \end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [[email protected]](mailto:[email protected]) **Media Contact:**Gabriela Fernández / [[email protected]](mailto:[email protected]) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris
Broader Sector Information:
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: 3 Top Stocks From the Prospering Consulting Services Industry
Article: Encouraging manufacturing and service activities, along with the increased adoption and success of the work-from-home trend, are enabling the Zacks [Consulting Services](https://www.zacks.com/stocks/industry-rank/industry/consulting-services-277) industry to support the demand environment. Gradual economic recovery backed by increased vaccination drives is boosting demand.Service demand, innovation and acquisitions are helping **Accenture plc** [ACN](https://www.nasdaq.com/market-activity/stocks/acn), **CBIZ, Inc.** [CBZ](https://www.nasdaq.com/market-activity/stocks/cbz) and **Franklin Covey Co.** [FC](https://www.nasdaq.com/market-activity/stocks/fc) sail through these testing times. **About the Industry** Companies grouped under the Consulting Services category offer professional advice in management, IT, human resources, environmental regulations, logistics and marketing, real estate, serving multiple end markets. The space includes prominent names such as Accenture and **Gartner** [IT](https://www.nasdaq.com/market-activity/stocks/it). Amid the pandemic, key focus within the industry is currently on channelizing money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making. To position themselves suitably in the post-pandemic era and better utilize the opportunities that the economic recovery will bring, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets. **What's Shaping the Future of Consulting Services Industry?****Exponential Growth:** This multi-billion-dollar industry has witnessed exponential growth since the 2008 financial crisis, enjoying a steady rate of revenue, profit and cash-flow growth. Consequently, the trend has enabled most industry players to pay out stable dividends. **Pandemic Resiliency:** Consulting services is one of the least pandemic-affected industries. This is because, amid such a volatile situation, organizations have increased their search for advice that can help protect their employees and stay closer to consumers and shareholders. Further, this industry is one of the earliest pioneers of remote working that has now become an integral part of the new normal. The nature of work enables industry players to function efficiently through the increased use of technology. **Non-stop Service Demand:**The sector is a major beneficiary of the economy, which is gradually gathering strength. A steady recovery is evident from the fourth-quarter 2021 GDP number, which according to the "advance" estimate released by the Bureau of Economic Analysis, grew at an annual rate of 6.9% compared with the increase of 2.3% in the third quarter. With manufacturing and service activities in the pink, the demand for services is rising steadily. Although the economic activity in the manufacturing sector shrunk 2.4% from November to December, with the Manufacturing PMI measured by the Institute for Supply Management (ISM) touching 58.7%, the reading of above 50% marked the 19th consecutive month of expansion. Non-manufacturing activities declined 7.1% in December from November’s all-time high of 69.1, as the Services PMI measured by the ISM touched 62%. With a reading above 50%, this is the 19th consecutive month of expansion of service activities. **Zacks Industry Rank Indicates Bright Prospects** The Consulting Services industry, which is housed within the broader [Business Services ](https://www.zacks.com/stocks/industry-rank/sector/busines-services-16) sector, currently carries a Zacks Industry Rank #38. This rank places it in the top 15% of more than 250 Zacks industries. The group’s [Zacks Industry Rank](https://www.zacks.com/zrank/zacks-industry-rank.php), which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term growth prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Analysts covering the companies in this industry have been steadily pushing their estimates north. Over the past year, the industry’s consensus earnings estimate for 2022 has moved 10.5% north.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation. **Industry Outperforms the S&P 500 and the Sector** Over the past year, the Consulting Services industry has outperformed the S&P 500 composite and the broader sector.While the industry has rallied 37.3%, the S&P 500 composite gained 17.5%. The broader sector declined 41.8% in the said time frame. **One-Year Price Performance** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/price(274).jpg)**Industry's Current Valuation** On the basis of the forward 12-month price-to-earnings (P/E), which is a commonly used multiple for valuing consulting services companies, we see that the industry is currently trading at 28.05X, above the S&P 500’s 19.71X and the sector’s 26.41X.Over the past five years, the industry has traded as high as 35.21X, as low as 18.82X and at a median of 23.09X, as the charts below show. **Price to Forward 12 Months P/E Ratio** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sp(114).jpg)[Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sector(29).jpg)**3 Consulting Services Stocks to Bet On** We present three stocks that currently carry a Zacks Rank #1 (Strong Buy) and are well-positioned for near-term growth. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**** **Accenture:** The professional services giant’s shares have gained 33.6% over the past year, driven by continued strength in its consulting and outsourcing businesses. On the outsourcing front, Accenture continues to see strong demand to assist clients with the operation and maintenance of digital-related services and cloud enablement. On the consulting front, the company experiences strong demand for digital, cloud- and security-related services.Investors seem to have remained excited about Accenture’s acquisition spree and stellar quarterly results. The company’s results surpassed the Zacks Consensus Estimate for both earnings and revenues in the past four quarters. The recent acquisition of Tambourine is expected to boost Accenture's suite of sales and commerce transformation services, from product and platform engineering to omnichannel delivery of commerce experiences.The Zacks Consensus Estimate for revenues for the current year indicates an 18.4% increase from the year-ago reported number. The Zacks Consensus EPS estimate for the year suggests a 19.8% year-over-year improvement. The consensus EPS estimate for the year has increased 4.2% over the past 60 days. **Price and Consensus: ACN** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/acn(125).jpg)**CBIZ**: This provider of financial, insurance and advisory services has seen its stock price jump 42.6% over the past year on investor’s optimism about its acquisition spree and impressive quarterly results. The company has been seeing strength across all of its major service lines. CBIZ posted better-than-expected results in the past four quarters. Acquisitions completed in 2020 and the first nine months of 2021 contributed 7.3% to the company’s revenues in the first three quarters of 2021.The Zacks Consensus Estimate for revenues for the current year indicates a 14.7% year-over-year increase. The Zacks Consensus EPS estimate for the year suggests a 23.2% improvement from the year-ago reported number. The consensus EPS estimate for the year has remained unchanged at $1.75 over the past 60 days. **Price and Consensus: CBZ** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cbz(7).jpg)**Franklin Covey**: This training and consulting services provider’s shares have charted a solid trajectory over the past year, gaining 82.4% on continued momentum in its subscription business and strength of its value proposition. Quality of content, flexibility in delivering content and services through all modalities and global sales and delivery network are considered key strengths of the company.The Zacks Consensus Estimate for EPS for the current year has increased 22.6% over the past 60 days. **Price and Consensus: FC** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/fc(12).jpg)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_INDUSTRYOUTLOOK_IND_01282022&cid=CS-NASDAQ-FT-industry_outlook-1858877) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [Accenture PLC (ACN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ACN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [CBIZ, Inc. (CBZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CBZ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [Franklin Covey Company (FC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858877/3-top-stocks-from-the-prospering-consulting-services-industry?cid=CS-NASDAQ-FT-industry_outlook-1858877) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: CTOS
Security: Custom Truck One Source, Inc.
Related Stocks/Topics: Markets
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Stock Price 4 days before: 7.27161
Stock Price 2 days before: 5.42046
Stock Price 1 day before: 5.96317
Stock Price at release: 7.56784
Risk-Free Rate at release: 0.0004
Symbol: TILE
Security: Interface, Inc.
Related Stocks/Topics: Unknown
Title: Interface, Inc. To Broadcast Fourth Quarter and Fiscal Year 2021 Results Conference Call Over the Internet
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: ATLANTA, Jan. 28, 2022 /PRNewswire/ -- [Interface, Inc.](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2725390234&u=https%3A%2F%2Fwww.interface.com%2FUS%2Fen-US%2Fhomepage&a=Interface%2C+Inc.) (Nasdaq: TILE) announced today that it intends to release its fourth quarter and fiscal year 2021 results on Tuesday, March 1, 2022, prior to the open of the market. Interface will host a conference call the morning of Tuesday, March 1, 2022, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Daniel T. Hendrix, Chairman and Chief Executive Officer, and Bruce A. Hausmann, Vice President and Chief Financial Officer, will host the call. [](https://mma.prnewswire.com/media/1215229/Interface_Logo.html) Certain information discussed on the conference call will be available on Interface's website, at [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). **Call details:****Tuesday, March 1, 2022**8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific Time Listeners may access the conference call live over the Internet at the following address: [https://events.q4inc.com/attendee/899136320](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2930574180&u=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320&a=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320) or through the Company's website at: [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). Please allow at least 15 minutes prior to the call to visit one of these sites and download and install any necessary audio software. An archived version of the conference call will be available at these sites for one year shortly after the call ends. **About Interface** Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. Learn more about Interface at [interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3308388973&u=http%3A%2F%2Fwww.interface.com%2F&a=interface.com) and [blog.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=709160865&u=http%3A%2F%2Fblog.interface.com%2F&a=blog.interface.com), our nora brand at [nora.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=719743675&u=http%3A%2F%2Fwww.nora.com%2F&a=nora.com), and our FLOR® brand at [FLOR.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3495239581&u=https%3A%2F%2Fwww.flor.com%2F&a=FLOR.com). Follow us on [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2569248785&u=https%3A%2F%2Ftwitter.com%2FInterfaceInc&a=Twitter), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2076040437&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Finterface&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3636328122&u=https%3A%2F%2Fwww.facebook.com%2FInterface%2F%3Ffref%3Dts&a=Facebook), [Pinterest](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1430591711&u=https%3A%2F%2Fwww.pinterest.com%2Finterface%2F&a=Pinterest), [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=361166393&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finterface&a=LinkedIn), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=739939483&u=https%3A%2F%2Fwww.instagram.com%2Finterface%2F&a=Instagram), and [Vimeo](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1728872219&u=https%3A%2F%2Fvimeo.com%2Finterface&a=Vimeo). [Cision](https://c212.net/c/img/favicon.png?sn=NY44896&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html](https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html) SOURCE Interface, Inc.
Stock Price 4 days before: 13.073
Stock Price 2 days before: 13.7484
Stock Price 1 day before: 13.2287
Stock Price at release: 12.7955
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: XMTR
Security: Xometry, Inc.
Related Stocks/Topics: Stocks|AIT|GGG|FERG
Title: Applied Industrial (AIT) Q2 Earnings & Revenues Top Estimates
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Applied Industrial Technologies, Inc.** [AIT](https://www.nasdaq.com/market-activity/stocks/ait) has reported better-than-expected second-quarter fiscal 2022 (ended Dec 31, 2021) results. Its earnings surpassed estimates by 33.9%. This was the eighth consecutive quarter of an earnings beat. Also, sales beat the consensus estimate by 3.3%.The company’s adjusted earnings in the fiscal second quarter were $1.46 per share, outpacing the Zacks Consensus Estimate of $1.09. The bottom line increased 49% from the year-ago figure of 98 cents. **Revenue Details** In the reported quarter, Applied Industrial’s net sales amounted to $876.9 million, up 16.7% year over year. The results benefited from 16.4% growth in organic sales, 1.6% gains from acquisitions and 0.3% gain from foreign currency translation. The increase was partially offset by an adverse impact of 1.6% from one less selling day.The company’s top line surpassed the Zacks Consensus Estimate of $849 million.Applied Industrial reports revenues under two market segments. A brief discussion of the quarterly results is provided below:**Service Center-Based Distribution**’s revenues totaled $587.2 million, which contributed 67% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 13.9%. Organic sales grew 15.1% and foreign currency translation had a positive impact of 0.4%. One less selling day had an adverse impact of 1.6%. Demand was healthy in machinery, aggregates & mining, lumber & wood, food & beverage and pulp & paper markets.The **Fluid Power & Flow Control** segment generated revenues of $289.7 million, contributing 33% to net revenues in the reported quarter. The figure increased 22.9% year over year on the back of 19.3% growth in organic sales and 5.2% gain from acquisitions. One less selling day had an adverse impact of 1.6%. Businesses flourished in the technology, life sciences, off-highway mobile, chemical, utilities and machinery markets. **Applied Industrial Technologies, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart)[Applied Industrial Technologies, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart) | [Applied Industrial Technologies, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/ait)**Margin Profile** In the reported quarter, Applied Industrial’s cost of sales increased 14.3% year over year to $619.2 million. Cost of sales was 70.6% of the quarter’s net sales. Gross profit in the quarter grew 23% year over year to $257.6 million, while gross margin increased 150 basis points (bps) to 29.4%.Selling, distribution and administrative expenses (including depreciation) increased 10.5% year over year to $179.4 million. It represented 20.5% of net sales in the reported quarter compared with 21.6% in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $92.6 million, reflecting growth of 35.6%. Margin increased 150 bps to 10.6%. Interest expenses declined 9.1% year over year to $7 million. **Balance Sheet & Cash Flow** Exiting the second quarter of fiscal 2022, Applied Industrial had cash and cash equivalents of $154.8 million, down 37.4% from $247.3 million recorded in the last reported quarter. Long-term debt decreased 6.7% sequentially to $681.3 million.In the first six months of fiscal 2022, the company repaid long-term debts of $550.4 million compared with $72.3 million in the year-ago period. During the same period, the company generated net cash of $81.3 million from operating activities, reflecting a decrease of 49% from the year-ago period. Capital expenditures totaled $7.5 million, down 10.7% year over year. Free cash flow in the first six months of fiscal 2022 decreased 51.1% to $73.8 million.In the first six months of fiscal 2022, Applied Industrial rewarded shareholders with a dividend payout of $25.5 million. The amount represents growth of 2.4% year over year. Also, the company repurchased shares worth $10.1 million in the same period. Exiting the second quarter of fiscal 2022, the company is left to repurchase 353,000 shares.Concurrent with the earnings release, AIT announced that its board of directors approved a 3% hike in the quarterly dividend rate. It now stands at 34 cents per share, higher than the previous rate of 33 cents. The company will pay out the revised amount on Feb 28, 2022, to shareholders on record as of Feb 15. **Outlook** For fiscal 2022 (ending June 2022), Applied Industrial is expected to benefit from strength across industrial markets and a strong backlog level. However, supply-chain constraints and inflationary issues are concerning.The company expects total revenues to increase 11.5-12.5% year over year for fiscal 2022 (higher than 8-10% growth predicted earlier). Organic sales growth for the year is predicted to be 10.5-11.5% (higher than 7-9% growth guided earlier).EBITDA margin is expected to be 10.1-10.3% (versus 9.7-9.9% predicted earlier). Earnings per share are estimated to be $5.70-$5.90 for fiscal 2022 (versus $5.00-$5.40 guided previously). **Zacks Rank & Stocks to Consider** AIT currently carries a Zacks Rank #3 (Hold).Some better-ranked companies in the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-general-industrial-99) are discussed below. **Ferguson plc** [FERG](https://www.nasdaq.com/market-activity/stocks/ferg) presently carries a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link). Its earnings surprise in the last reported quarter was 16.82%, on average.Ferguson’s earnings estimates increased 0.1% for fiscal 2022 (ending July 2022) and 0.6% for fiscal 2023 (ending July 2023) in the past 30 days. Its shares have gained 1.8% in the past three months. **Graco Inc.** [GGG](https://www.nasdaq.com/market-activity/stocks/ggg) presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 6.58%, on average.In the past 30 days, Graco’s earnings estimates have been stable for both 2021 (results awaited) and 2022. GGG’s shares have lost 7.1% in the past three months. **Xometry, Inc.** [XMTR](https://www.nasdaq.com/market-activity/stocks/xmtr) presently carries a Zacks Rank #2. In the last reported quarter, its earnings missed the consensus estimate by 6.45%.Xometry’s bottom line estimates have decreased 1.1% for 2021 (results awaited) and decreased 25.4% for 2022 in the past 30 days. Its shares have lost 16.5% in the past three months. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AIT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Graco Inc. (GGG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GGG&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Wolseley PLC (FERG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FERG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Xometry, Inc. (XMTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=XMTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859075/applied-industrial-ait-q2-earnings-revenues-top-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 47.0002
Stock Price 2 days before: 49.5095
Stock Price 1 day before: 47.0155
Stock Price at release: 46.2077
Risk-Free Rate at release: 0.0004
| 46.35 |
Broader Economic Information:
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule
Article: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \begin{table}{|c|c|c|} \hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\ \hline \end{table} **Conference Call Details** \begin{table}{|c|c|} \hline Date: & Friday, February 25th, 2022 \\ \hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\ \hline United States dial in: & +1-844-204-8586 \\ \hline Mexico dial in: & +52-55-8880-8040 \\ \hline International dial in: & +1-412-317-6346 \\ \hline Participant Code: & Volaris \\ \hline Replay access Code: & 10163641 \\ \hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\ \hline \end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [[email protected]](mailto:[email protected]) **Media Contact:**Gabriela Fernández / [[email protected]](mailto:[email protected]) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris
Date: 2022-01-28
Title: Republic Bancorp, Inc. Finishes 2021 with Fourth Quarter Net Income of $16.8 Million and Full Year Net Income of $86.8 Million
Article: LOUISVILLE, Ky.--(BUSINESS WIRE)-- **Republic Bancorp, Inc.** **(NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company of Republic Bank & Trust Company (the “Bank”). **This press release features multimedia. View the full release here: [https://www.businesswire.com/news/home/20220128005005/en/](https://www.businesswire.com/news/home/20220128005005/en/)[Republic Bancorp, Inc.](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.republicbank.com%2Fhome%2Fabout-us&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=Republic+Bancorp%2C+Inc.&index=1&md5=86c28661ed753be9eaedd0a86a225218) (“Republic” or the “Company”) is pleased to report fourth quarter 2021 net income of $16.8 million, resulting in Diluted Earnings per Class A Common Share (“Diluted EPS”) of $0.84. Full year 2021 net income was $86.8 million, a $3.5 million, or 4%, increase from the same period in 2020, resulting in return on average assets (“ROA”) and return on average equity (“ROE”) of 1.38% and 10.27%.[Logan Pichel](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Frepublicbank.q4ir.com%2Foverview%2Fofficers-directors%2Fdefault.aspx&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=Logan+Pichel&index=2&md5=90eda771305c3cfafe3930c1486dea23), President and CEO of Republic Bank & Trust Company, commented, “I am very proud of what we accomplished during 2021, as we continue on our mission to enable our clients, Company, associates, and the communities we serve to thrive. Included among our accomplishments for the year were: - A solid year of earnings in 2021, finishing the year with a 4% increase in net income over 2020; - A successful CEO transition due to the continued leadership of our current Executive Chair Steve Trager; - Pristine credit quality metrics at our Core Bank(1) that continue to place us among the very best banks in the country; - Continued support for our communities by providing $210 million of COVID relief loans and over 5,500 volunteer hours from our associates; - Enhanced focus on diversity and inclusion; - Promoted technology and innovation through the expanded use of Interactive Teller Machines to increase hours of service for clients and improve efficiency; - Generated record earnings in our Warehouse Lending segment; - Produced the second best year of mortgage banking revenue in our Company’s history; - Grew our noninterest-bearing deposits by another $100 million, or 5%; - Prudently managed our noninterest expense, with a 2% year-over-year decrease; - Effectively transitioned to a flexible work environment that has benefitted our associate recruiting and retention efforts; and - Positioned our balance sheet for the emerging change in the interest rate environment by paying off our Trust Preferred debt, while maintaining large cash balances on the balance sheet. “Certainly all of these positive accomplishments during 2021 would not have been possible without our dedicated team members. With that, I’d like to thank all of our associates who continue to deliver best-in-class service, while dealing with the challenges of an unrelenting pandemic. I could not be more proud of the work we do each and every day and look forward to our bright future in 2022 and beyond,” concluded Pichel.The following table highlights Republic’s key metrics for the three months and years ended December 31, 2021 and 2020. Additional financial details, including segment-level data, are provided in the financial supplement to this release. The financial supplement may be found as Exhibit 99.2 of the Company’s Form 8-K filed with the SEC on January 28, 2022 and may also be found within the digital attachment to this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & Total Company Financial Performance Highlights \\ \hline & & & Three Months Ended Dec. 31, & & & & & Years Ended Dec. 31, & & & \\ \hline (dollars in thousands, except per share data) & & & 2021 & & 2020 & & $ Change & & % Change & & & 2021 & & 2020 & & $ Change & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Income Before Income Tax Expense & & & $ & 19,809 & & & $ & 23,632 & & & $ & (3,823 & ) & & (16 & ) & % & & & $ & 110,341 & & & $ & 102,633 & & & $ & 7,708 & & 8 & & % & \\ \hline Net Income & & & & 16,805 & & & & 20,356 & & & & (3,551 & ) & & (17 & ) & & & & & 86,789 & & & & 83,246 & & & & 3,543 & & 4 & & & \\ \hline Diluted EPS & & & & 0.84 & & & & 0.98 & & & & (0.14 & ) & & (14 & ) & & & & & 4.24 & & & & 3.99 & & & & 0.25 & & 6 & & & \\ \hline Return on Average Assets ("ROA") & & & & 1.09 & % & & & 1.32 & % & & & NA & & & (17 & ) & & & & & 1.38 & % & & & 1.38 & % & & & NA & & — & & & \\ \hline Return on Average Equity ("ROE") & & & & 7.96 & & & & 9.89 & & & & NA & & & (20 & ) & & & & & 10.27 & & & & 10.37 & & & & NA & & (1 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NA – Not applicable \\ \hline \end{table} **Results of Operations for the Fourth Quarter of 2021 Compared to the Fourth Quarter of 2020****Core Bank(1)**Net income from Core Banking was $14.0 million for the fourth quarter of 2021, a $3.1 million decrease from the same period in 2020. This decrease primarily reflected an $8.8 million decrease in total revenue, with the fourth quarter of 2020 offering a more favorable environment for the Core Bank’s net interest income, Paycheck Protection Program (“PPP”) fee income, and more significantly, Mortgage Banking income. Partially offsetting the decrease in revenue from the fourth quarter of 2020 to the fourth quarter of 2021 was a $4.2 million decrease in noninterest expense and a favorable decline in Provision(2).Net Interest Income****– Core Bank net interest income was $43.7 million for the fourth quarter of 2021, a $6.0 million, or 12%, decrease from the fourth quarter of 2020. This decrease was driven primarily by the following: - The Core Bank recognized $3.1 million of fees and interest on its PPP(3) portfolio during the fourth quarter of 2021 compared to $6.0 million of similar fees and interest during the same period in 2020. The $2.9 million decrease in PPP fees and interest primarily reflected the continued wind down of this program and its related benefits. PPP loans repaid during the fourth quarter of 2021 totaled $73 million compared to similar repayments of $127 million for the same period in 2020. To facilitate pandemic relief for the communities it serves, the Core Bank originated 3,700 PPP loans totaling $528 million during 2020 and another 1,900 PPP loans totaling $210 million in early 2021. As of December 31, 2021, net PPP loans of $56 million remained on the Core Bank’s balance sheet, including $15 million in loan balances originated during 2020, $42 million in loan balances originated during 2021, and $1 million of yet-to-be-earned PPP lender fees reported as a credit offset to these originated balances. - Including the decline in PPP fees and interest noted in the previous paragraph, Traditional Bank net interest income decreased $3.4 million, or 8%, and the Traditional Bank net interest margin decreased 38 basis points to 3.08%. Excluding PPP fees and interest(2), Traditional Bank net interest income decreased just 1%, or $450,000, from the fourth quarter 2020, while the Traditional Bank’s net interest margin, declined from 3.27% for the fourth quarter of 2020 to 2.88% for the fourth quarter of 2021. The decline in the net interest income and net interest margin, excluding the impact of PPP, was driven by a continued unfavorable interest rate environment causing the Traditional Bank’s yield on interest-earning assets to decline without a corresponding offset in the cost of its interest-bearing liabilities. - While net interest income within the Core Bank’s Warehouse segment remained strong by historical standards, it decreased $2.4 million, or 29%, from the fourth quarter of 2020 to the fourth quarter of 2021, driven by decreases in both average outstanding balances and net interest margin. Overall average outstanding Warehouse balances declined from $939 million during the fourth quarter of 2020 to $758 million for the fourth quarter of 2021, as home-mortgage refinancing dipped from all-time record highs during 2020. The Warehouse net interest margin compressed 43 basis points from 3.51% during the fourth quarter of 2020 to 3.08% during the fourth quarter of 2021, as competitive forces began driving a decrease to the contractual interest rates on Warehouse lines during the third quarter of 2021. Committed Warehouse lines-of-credit remained at $1.4 billion from December 31, 2020 to December 31, 2021, while average usage rates for Warehouse lines were 54% and 67%, respectively, during the fourth quarters of 2021 and 2020. The following tables present by reportable segment the overall changes in the Core Bank’s net interest income, net interest margin, as well as average and period-end loan balances: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & Net Interest Income & & & Net Interest Margin & \\ \hline (dollars in thousands) & & & Three Months Ended Dec. 31, & & & & & & Three Months Ended Dec. 31, & & & & \\ \hline Reportable Segment & & & 2021 & & & 2020 & & Change & & & 2021 & & 2020 & & Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Banking & & & $ & 37,572 & & & $ & 40,972 & & $ & (3,400 & ) & & & 3.08 & % & & 3.46 & % & & & (0.38 & ) & % & \\ \hline Warehouse Lending & & & & 5,831 & & & & 8,242 & & & (2,411 & ) & & & 3.08 & & & 3.51 & & & & (0.43 & ) & & \\ \hline Mortgage Banking* & & & & 279 & & & & 430 & & & (151 & ) & & & NM & & & NM & & & & NM & & & \\ \hline Total Core Bank & & & $ & 43,682 & & & $ & 49,644 & & $ & (5,962 & ) & & & 3.08 & & & 3.48 & & & & (0.40 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & Average Loan Balances & & & Period-End Loan Balances & \\ \hline (dollars in thousands) & & Three Months Ended Dec. 31, & & & & & Dec. 31, & & & \\ \hline Reportable Segment & & & 2021 & & & 2020 & & $ Change & & % Change & & & & 2021 & & & 2020 & & $ Change & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Banking & & $ & 3,497,478 & & $ & 3,816,403 & & $ & (318,925 & ) & & (8 & ) & % & & & $ & 3,501,959 & & $ & 3,715,649 & & $ & (213,690 & ) & & (6 & ) & % & \\ \hline Warehouse Lending & & & 757,688 & & & 939,164 & & & (181,476 & ) & & (19 & ) & & & & & 850,550 & & & 962,796 & & & (112,246 & ) & & (12 & ) & & \\ \hline Mortgage Banking* & & & 25,227 & & & 32,075 & & & (6,848 & ) & & (21 & ) & & & & & 29,393 & & & 46,867 & & & (17,474 & ) & & (37 & ) & & \\ \hline Total Core Bank & & $ & 4,280,393 & & $ & 4,787,642 & & $ & (507,249 & ) & & (11 & ) & & & & $ & 4,381,902 & & $ & 4,725,312 & & $ & (343,410 & ) & & (7 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline *Includes loans held for sale NM – Not meaningful \\ \hline \end{table} Provision for Expected Credit Loss Expense – The Core Bank’s Provision was a net charge of $337,000 for the fourth quarter of 2021 compared to a net charge of $1.6 million for the fourth quarter of 2020. The net charge during the fourth quarter of 2021 was primarily driven by growth in outstanding Warehouse balances from September 30, 2021 to December 31, 2021. The charge to the Provision during the fourth quarter of 2020 primarily reflected pandemic-related concerns over commercial real estate values in the Core Bank’s market footprint. As of December 31, 2021, while the Core Bank’s credit metrics remained solid, the Company’s Allowance(2) remained generally elevated compared to historical levels due to the continued uncertainty caused by the pandemic and the public response to it.As a percentage of total loans, the Core Bank’s Allowance increased from 1.11% as of December 31, 2020 to 1.18% as of December 31, 2021. The table below provides a view of the Company’s percentage of Allowance-to-total-loans by reportable segment. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & As of Dec. 31, 2021 & & & As of Dec. 31, 2020 & & & Year-over-Year Change & \\ \hline (dollars in thousands) & & & & & & & & Allowance & & & & & & & & & Allowance & & & Allowance & & & \\ \hline Reportable Segment & & Gross Loans & & Allowance & & to Loans & & & Gross Loans & & Allowance & & to Loans & & & to Loans & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Bank, Less PPP & & $ & 3,445,945 & & $ & 49,407 & & 1.43 & % & & & $ & 3,323,330 & & $ & 49,699 & & 1.50 & % & & & (0.07 & ) & % & & (5 & ) & % & \\ \hline Plus: Paycheck Protection Program & & & 56,014 & & & — & & & & & & & 392,319 & & & — & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Bank & & $ & 3,501,959 & & $ & 49,407 & & 1.41 & & & & & 3,715,649 & & & 49,699 & & 1.34 & & & & 0.07 & & & & 5 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Warehouse Lending & & & 850,550 & & & 2,126 & & 0.25 & & & & & 962,796 & & & 2,407 & & 0.25 & & & & — & & & & — & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Total Core Bank & & & 4,352,509 & & & 51,533 & & 1.18 & & & & & 4,678,445 & & & 52,106 & & 1.11 & & & & 0.07 & & & & 6 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tax Refund Solutions & & & 50,987 & & & 96 & & 0.19 & & & & & 23,765 & & & 158 & & 0.66 & & & & (0.47 & ) & & & (71 & ) & & \\ \hline Republic Credit Solutions & & & 93,066 & & & 12,948 & & 13.91 & & & & & 110,893 & & & 8,803 & & 7.94 & & & & 5.97 & & & & 75 & & & \\ \hline Total Republic Processing Group & & & 144,053 & & & 13,044 & & 9.06 & & & & & 134,658 & & & 8,961 & & 6.65 & & & & 2.41 & & & & 36 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Total Company & & $ & 4,496,562 & & $ & 64,577 & & 1.44 & & & & $ & 4,813,103 & & $ & 61,067 & & 1.27 & & & & 0.17 & & & & 13 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} The table below presents the Core Bank’s credit quality metrics: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & \\ \hline & As of and for the: \\ \hline & Quarters Ended: & Years Ended: \\ \hline & Dec. 31, & & Sep. 30, & & Jun. 30, & & Mar. 31, & & Dec. 31, & Dec. 31, & Dec. 31, \\ \hline Core Banking Credit Quality Ratios & 2021 & & 2021 & & 2021 & & 2021 & & 2021 & 2020 & 2019 \\ \hline & & & & & & & & & & & & & & \\ \hline Nonperforming loans to total loans & 0.47 & % & 0.48 & % & 0.49 & % & 0.49 & % & 0.47 & % & 0.50 & % & 0.54 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Nonperforming assets to total loans (including OREO) & 0.51 & & 0.52 & & 0.53 & & 0.53 & & 0.51 & & 0.56 & & 0.54 & \\ \hline & & & & & & & & & & & & & & \\ \hline Delinquent loans* to total loans & 0.17 & & 0.18 & & 0.22 & & 0.19 & & 0.17 & & 0.21 & & 0.30 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net charge-offs (recoveries) to average loans & 0.02 & & (0.02) & & — & & 0.03 & & 0.01 & & 0.03 & & 0.11 & \\ \hline (Quarterly rates annualized) & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline OREO = Other Real Estate Owned & & & & & & & & & & & & & & \\ \hline *Loans 30-days-or-more past due \\ \hline \end{table} Noninterest Income – Core Bank noninterest income was $12.0 million during the fourth quarter of 2021, a decrease of $2.8 million, or 19%, from the fourth quarter of 2020. The decrease in noninterest income was driven primarily by the following: - Mortgage Banking income decreased from $7.9 million for the fourth quarter of 2020 to $3.3 million for the fourth quarter of 2021. For the fourth quarter of 2021, the Core Bank sold $155 million in secondary market loans and achieved an average cash-gain-as-a-percent-of-loans-sold during the quarter of 2.80%. During the fourth quarter of 2020, however, secondary market loan sales were $242 million with comparable cash-gain-as-a-percent-of-loans-sold of 4.32%. Favorable market conditions during the fourth quarter of 2020 brought on by the pandemic drove gains-as-a-percent-of-loans-sold to unprecedented record highs for the entire mortgage industry. - Offsetting the decrease in Mortgage Banking income were increases in Service Charges on Deposits of $320,000 and Interchange Income of $354,000. These increases largely reflect a rise in consumer spending activity at substantially higher levels than the period of pandemic-driven restricted spending during the fourth quarter of 2020. - Additionally, Other Income during the fourth quarter of 2021 included $979,000 of non-recurring revenue related to the Company’s bank owned life insurance. Noninterest Expense – Core Bank noninterest expense was $39.2 million for the fourth quarter of 2021 compared to $43.5 million for the fourth quarter of 2020. The decrease in noninterest expense was driven primarily by the following: - The Core Bank incurred $2.1 million in non-recurring early termination penalties upon payoff of $60 million of FHLB term advances during the fourth quarter of 2020. - Bank Franchise Tax expense decreased $840,000. As previously reported, Kentucky enacted HB354 in March 2019 and as a result, the Bank transitioned from a capital-based bank franchise tax to corporate income tax on January 1, 2021 for Kentucky state taxes. - Salaries and Benefits decreased $649,000, primarily driven by a $1.7 million decrease in incentive compensation expense partially offset by annual merit increases. **Republic Processing Group(4)**The Republic Processing Group (“RPG”) reported net income of $2.8 million for the fourth quarter of 2021 compared to $3.3 million for the same period in 2020, with a $1.1 million negative swing in net loss at RPG’s Tax Refund Solutions (“TRS”) segment partially offset by a $631,000 increase in net income at its Republic Credit Solutions (“RCS”) segment.Tax Refund SolutionsThe TRS segment derives substantially all of its revenues during the first and second quarters of the year and historically operates at a net loss during the second half of the year. TRS recorded a net loss of $1.3 million for the fourth quarter of 2021 compared to a net loss of $164,000 for the same period in 2020. The following primarily drove the negative swing in TRS’s net loss: - TRS recorded a net credit to the Provision of $1.2 million during the fourth quarter of 2021 compared to a net credit of $2.1 million for the same period in 2020. These credits primarily reflected recoveries on Easy Advance (“EA”) loans charged off during the first six months of the year. While TRS experienced a lower rate of EAs charged-off during the first six months of 2021 than the comparable six months in 2020, it also experienced a lower rate of EA recoveries during the fourth quarter of 2021 than the comparable quarter of 2020. Management believes the higher rate of EAs charged-off through the first six months of 2020 and recovered during the fourth quarter of 2020 was directly related to the impact of the pandemic. TRS ended 2021 with an overall EA loss rate of 2.69% of total originations compared to 3.36% for 2020. - TRS Legal & Professional expenses increased $620,000 from the fourth quarter of 2020 to the same period in 2021 due to its ongoing legal matters associated with the canceled sale of its TRS business. Republic Credit SolutionsNet income at RCS increased to $4.1 million for the fourth quarter of 2021 from $3.5 million for the fourth quarter of 2020. The increase in RCS’s net income primarily reflected a $3.6 million increase in RCS’s revenues partially offset by a $2.4 million increase in Provision. Both increases resulted primarily from a $9 million rise in outstanding balances for RCS’s line-of-credit products from December 31, 2020 to December 31, 2021. **Total Company Income Taxes** The Company’s effective tax rate increased to 15.2% for the fourth quarter of 2021 compared to 13.9% for the same period in 2020. The higher effective rate during the fourth quarter of 2021 reflected the Bank’s transition from a capital-based bank franchise tax to a Kentucky corporate income tax on January 1, 2021. However, the Company’s effective tax rate of 15.2% for the fourth quarter of 2021 is lower than the effective tax rate for each of the previous quarters of 2021 primarily due to a one-time state specific tax credit recognized in the fourth quarter of 2021.Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 42 full-service banking centers throughout five states: twenty-eight banking centers in eight Kentucky communities – Covington, Crestview Hills, Florence, Georgetown, Lexington, Louisville, Shelbyville, and Shepherdsville; three banking centers in southern Indiana – Floyds Knobs, Jeffersonville, and New Albany; seven banking centers in six Florida communities (Tampa MSA) – Largo, New Port Richey, St. Petersburg, Seminole, Tampa, and Temple Terrace; two banking centers in two Tennessee communities (Nashville MSA) – Cool Springs and Green Hills; and two banking centers in two Ohio communities (Cincinnati MSA) – Norwood and West Chester. The Bank offers internet banking at [www.republicbank.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.republicbank.com&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=www.republicbank.com&index=3&md5=e04528da154a61e581660475e7b3982f). The Company has $6.1 billion in assets and is headquartered in Louisville, Kentucky. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market. **Republic Bank. It’s just easier here. ®****Forward-Looking Statements** This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in the preceding paragraphs are based on our current expectations and assumptions regarding our business, the future impact to our balance sheet and income statement resulting from changes in interest rates, the yield curve, the ability to develop products and strategies in order to meet the Company’s long-term strategic goals, the economy, and other future conditions, the timing of PPP loan forgiveness, and the impact of the COVID pandemic. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Actual results could differ materially based upon factors disclosed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those factors set forth as “Risk Factors” in the Company’s Annual Report on Form 10-K for the period ended December 31, 2020. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law. **Footnotes:** \begin{table}{|c|c|} \hline (1) & “Core Bank” or “Core Banking” operations consist of the Traditional Banking, Warehouse Lending, and Mortgage Banking segments. \\ \hline & \\ \hline (2) & Provision – Provision for Expected Credit Loss Expense \\ \hline & Allowance – Allowance for Credit Losses on Loans \\ \hline & \\ \hline (3) & PPP – The U.S. Small Business Administration’s Paycheck Protection Program \\ \hline & \\ \hline & The Company earns lender fees and 1.0% coupon interest on its PPP portfolio. Due to the short-term nature of the PPP, management believes Traditional Bank net interest income excluding PPP fees and interest is a more appropriate measure to analyze the Traditional Bank’s net interest income and net interest margin. The following table reconciles Traditional Bank net interest income and net interest margin to Traditional Bank net interest income and net interest margin excluding PPP fees and interest, a non-GAAP measure. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & & & Net Interest Income & & & & Interest-Earning Assets & & & & Net Interest Margin & \\ \hline & & & Three Months Ended Dec. 31, & & & & & & & & & Three Months Ended Dec. 31, & & & & & & & & & Three Months Ended Dec. 31, & & & & \\ \hline (dollars in thousands) & & & 2021 & & 2020 & & $ Change & & % Change & & & & 2021 & & 2020 & & $ Change & & % Change & & & & 2021 & & 2020 & & % Change & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Traditional Banking - GAAP & & & $ & 37,572 & & $ & 40,972 & & $ & (3,400 & ) & & (8 & ) & % & & & $ & 4,882,268 & & $ & 4,734,622 & & $ & 147,646 & & & 3 & & % & & & 3.08 & % & & 3.46 & % & & & (0.38 & ) & % & \\ \hline Less: Impact of PPP fees and interest & & & & 3,080 & & & 6,030 & & & (2,950 & ) & & (49 & ) & & & & & 89,156 & & & 463,725 & & & (374,569 & ) & & (81 & ) & & & & 0.20 & & & 0.19 & & & & 0.01 & & & \\ \hline Traditional Banking ex PPP fees and interest - non-GAAP & & & $ & 34,492 & & $ & 34,942 & & $ & (450 & ) & & (1 & ) & & & & $ & 4,793,112 & & $ & 4,270,897 & & $ & 522,215 & & & 12 & & & & & 2.88 & & & 3.27 & & & & (0.39 & ) & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|} \hline (4) & Republic Processing Group operations consist of the Tax Refund Solutions and Republic Credit Solutions segments. \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005005r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005005/en/](https://www.businesswire.com/news/home/20220128005005/en/) **Republic Bancorp, Inc. **** [Kevin Sipes ](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Frepublicbank.q4ir.com%2Foverview%2Fofficers-directors%2Fdefault.aspx&esheet=52569463&newsitemid=20220128005005&lan=en-US&anchor=Kevin+Sipes&index=4&md5=b12654ef1db8354809bd641c0fd00083)****Executive Vice President & Chief Financial Officer****(502) 560-8628** Source: Republic Bancorp, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Community Trust Bancorp, Inc. Declares Its Cash Dividend
Article: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.
Date: 2022-01-28
Title: What Kind Of Investors Own Most Of VAALCO Energy, Inc. (NYSE:EGY)?
Article: Every investor in VAALCO Energy, Inc. (NYSE:EGY) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.With a market capitalization of US$245m, VAALCO Energy is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about VAALCO Energy. [ownership-breakdown](https://images.simplywall.st/asset/chart/416628-ownership-breakdown-1-dark/1643368854798) NYSE:EGY Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About VAALCO Energy?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. VAALCO Energy already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of VAALCO Energy, (below). Of course, keep in mind that there are other factors to consider, too.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/416628-earnings-and-revenue-growth-1-dark/1643368858831) NYSE:EGY Earnings and Revenue Growth January 28th 2022Our data indicates that hedge funds own 5.4% of VAALCO Energy. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Tieton Capital Management, LLC is currently the largest shareholder, with 5.6% of shares outstanding. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 5.1% by the third-largest shareholder. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of VAALCO Energy** The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can see that insiders own shares in VAALCO Energy, Inc.. As individuals, the insiders collectively own US$14m worth of the US$245m company. This shows at least some alignment. You can [click here to see if those insiders have been buying or selling.](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** The general public, mostly comprising of individual investors, collectively holds 58% of VAALCO Energy shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that [VAALCO Energy is showing 5 warning signs in our investment analysis ](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary), and 2 of those shouldn't be ignored... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this **free** [report on analyst forecasts](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg1OToyMTQzMGFiZjk5MDE0OGVm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: 2022 Auto Trends: Preorders Go Mainstream, Consumer Interest in EVs Doubles and Digital Car Buying Accelerates Amid Ongoing Inventory Shortages
Article: **Consumers Respond to Culture Shifts by Seeking More Control in the Car-Purchase Process and Doubling Down on an Electric Future** CHICAGO, Jan. 28, 2022 /PRNewswire/ -- Work-from-anywhere culture, inventory shortages and expanding technology both in the car-buying process and the cars themselves — these are the forces defining the automotive landscape for 2022 according to [ ](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=3459416042&u=http%3A%2F%2Fcars.com%2F&a=%C2%A0) [Cars.com](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=1033108153&u=http%3A%2F%2Fcars.com%2F&a=Cars.com) [TM](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=2334008687&u=http%3A%2F%2Fcars.com%2F&a=TM) (NYSE: CARS), a leading car-shopping marketplace. Despite a double-digit increase1 in overall prices and a narrowing market value gap between new and used cars, consumers are using what leverage they have to get the car they want, the way they want it. [](https://mma.prnewswire.com/media/1013611/cars_com_Logo.html) "Our relationship with our environments — work, home, commerce, vacation — they're all evolving, and personal vehicles are, quite literally, how many of us navigate those environments. So, naturally, the way car buyers shop — and what they shop for — have changed with the times," said Aaron Brangman, Cars.com's Detroit bureau chief. "More vehicles are being pre-ordered through dealerships as dealers continue to manage inventory shortages; more consumers are considering electric vehicles now that local personal use has become more of a factor than longer, daily commutes making them more appealing; and perhaps most important, consumer desire for personal transportation remains strong as health and safety are still top of mind." - **Preorders go mainstream:** Some 41% of recent shoppers plan to preorder their next vehicle through a local dealer,2 and of the 16% who recently preordered their car, 98% had a good experience and would do it again.3 After spending an average of 19 hours4 researching on Cars.com the exact features, color and trim level they want on their new car and selecting the best dealership to work with, preordering allows shoppers to get what they want without being restricted by current availability, which has been limited by chip shortages and other inventory challenges. - **Never-before-seen enthusiasm for EVs:**Roughly two-thirds (66%) of Americans surveyed indicated they were more likely to buy an EV after the Biden administration last year announced plans to support nationwide EV infrastructure and proposed financial incentives to accelerate the country's move toward EVs.5 While sales of EVs are growing at a slower rate, interest continues to rise. Searches for EVs on Cars.com have almost doubled since 2020 with markets such as San Francisco; Los Angeles; Sacramento, Calif.; Seattle and Denver leading the charge.1 - **Double-digit price increases not stopping demand:**Consumers haven't shied away from vehicle purchases even as prices rose and availability declined last year. In fact, more than 60% of consumers stated the inventory shortage and price increases haven't changed their purchase timelines.6 In 2021, total auto sales came in at 14.9 million vehicles, according to the U.S. Bureau of Economic Analysis. Still, some consumers with ongoing concerns about the pandemic and vehicle shortages decided to delay their purchase over the past two years, creating strong, pent-up demand for vehicles this year — a good thing for the auto market. - **Digital car buying accelerates:**38% of current car shoppers expect to complete the entire buying process online, with another 38% intending to purchase a vehicle in person but complete all paperwork online, saving them hours at the dealership.² With platforms like Cars.com adding new capabilities for shoppers to complete more of the car purchase online with dealers — including instant loan approvals and online financing — the car buying experience is changing for the better. Fortunately for both consumers and dealers, digital facilitation works both ways; 41% of Cars.com's in-market audience is also looking to sell their current vehicle before buying a new one, presenting new opportunities for dealers to acquire cars directly from consumers.1 - **Car culture shifts in response to changing workforce:**With the remote workforce taking control of how their time is spent throughout the day, we could see traffic patterns shift, peak retail times change, and a continued evolution of consumers' relationship with their cars. Workers are already using their newfound flexibility to cross off to-do-list tasks with 67% of remote workers reporting running errands throughout the day2, increasing Americans' usage of their cars during hours previously spent in the office. 1 Cars.com internal data, 20212 Cars.com's consumer survey results Dec. 10, 2021; 1,002 responses3 Cars.com's DealerRater Survey, Dec. 8-13, 2021; 11,080 responses 4 J.D. Power, 2021 U.S. New Autoshopper Study5 Cars.com's survey results April 2021; 1,056 responses6 Cars.com consumer data, Q4 2021 **About Cars.com** CARS is a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources, and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share. In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider building solutions that future-proof dealerships with more efficient operations and connected digital experiences; FUEL, which gives dealers and OEMs the opportunity to harness the untapped power of digital video by leveraging Cars.com's pure audience of in-market car shoppers, and DealerRater, a leading car dealer review and reputation management platform. The full suite of CARS properties includes [Cars.com](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=927345063&u=https%3A%2F%2Fwww.cars.com%2F&a=Cars.com)™, [Dealer Inspire](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=1817444605&u=https%3A%2F%2Fwww.dealerinspire.com%2F&a=Dealer+Inspire)®, [FUEL](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=2229652605&u=https%3A%2F%2Ffuel.cars%2F&a=FUEL)™, [DealerRater](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=425780268&u=https%3A%2F%2Fwww.dealerrater.com%2F&a=DealerRater)®, [Auto.com](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=2475424818&u=https%3A%2F%2Fwww.auto.com%2F&a=Auto.com)™, [PickupTrucks.com](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=1153099664&u=https%3A%2F%2Fwww.pickuptrucks.com%2F&a=PickupTrucks.com)™ [CreditIQ](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=464614864&u=https%3A%2F%2Fcreditiq.com%2F&a=CreditIQ) and [NewCars.com](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=1216864189&u=https%3A%2F%2Fwww.newcars.com%2F&a=NewCars.com)®. For more information, visit [www.Cars.com](https://c212.net/c/link/?t=0&l=en&o=3427786-1&h=2260087413&u=http%3A%2F%2Fwww.cars.com%2F&a=www.Cars.com). [Cision](https://c212.net/c/img/favicon.png?sn=CG46057&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/2022-auto-trends-preorders-go-mainstream-consumer-interest-in-evs-doubles-and-digital-car-buying-accelerates-amid-ongoing-inventory-shortages-301470934.html](https://www.prnewswire.com/news-releases/2022-auto-trends-preorders-go-mainstream-consumer-interest-in-evs-doubles-and-digital-car-buying-accelerates-amid-ongoing-inventory-shortages-301470934.html) SOURCE Cars.com Inc.
Date: 2022-01-28
Title: Vital Farms Expands Stephanie Coon’s Role to Senior Vice President of People and Strategy
Article: AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today announced the expansion of Stephanie Coon’s role to Senior Vice President of People and Strategy. In this newly created role, Coon will lead Vital Farms’ People function in addition to her current team which includes Strategy, Project Management, and New Ventures. “As we think about our long-term growth opportunities, we know our one true competitive advantage is great people,” said Russell Diez-Canseco, President and CEO, Vital Farms. “As Stephanie has settled into her role, it’s become abundantly clear that she has a passion for people and culture. By combining these functions under a single leader, we’ll be unified in attracting talent that supports our growth initiatives and a culture that keeps our crew feeling engaged and inspired. All of this is critical to our success both now and in the future.” Coon joined Vital Farms in August 2021 to build and lead the Strategy function at Vital Farms. Over the past six months, she has aligned the company around organization-wide objectives that include the specific and measurable initiatives that will drive Vital Farms’ long-term growth. “I am humbled and excited by the opportunity to lead our People function,” Coon said. “Vital Farms has a values-driven and people-first culture that is truly very special. Nurturing this culture is central to everything we do across the business. I look forward to working with our passionate team to build on this strong foundation as we grow.” Coon continued, “As we continue our focus on scaling a world-class organization, this tighter link between where we are going, the processes we’ll put in place to get there, and, most importantly, how we engage, inspire, and develop our crew members is a powerful unlock for the business.” **About Vital Farms** Vital Farms, a Certified B Corporation, offers a range of ethically produced foods nationwide. Started on a single farm in Austin, Texas in 2007, Vital Farms is now a national consumer brand that works with over 250 small family farms and is the leading U.S. brand of pasture-raised eggs by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' products, including shell eggs, butter, hard-boiled eggs, ghee, Egg Bites, Breakfast Bars, and liquid whole eggs, are sold in over 18,000 stores nationwide. Vital Farms pasture-raised eggs can also be found on menus at hundreds of foodservice operators across the country. For more information, visit [www.vitalfarms.com](https://www.globenewswire.com/Tracker?data=vIKMHSwEAnLgrckUIsIMOb0rIwZ0_Rr0Mq2uRyFOOamEONQi8icyxrq_XaJI6Dld7y4j8lW02-H4Nio_soZnS4rsJlQjd6dNGE2_8cfA9W0=). **CONTACT:****Media:**Nisha Devarajan [[email protected]](https://www.globenewswire.com/Tracker?data=7zw8N5vTzR83yq-C4TuKDE77RqFRU6BB0EEgDP-FQhuXUwxMPmDXXx4J8mmXhTayO0jzWLCyRmccVJAPU1zfI51tkSCGF_a5DgUlnK-ElDsBz_c_jf1BwM8vjt6-dKdL) **Investors:**Matt Siler [[email protected]](https://www.globenewswire.com/Tracker?data=FA3svWwZal16uoJXl7mvMkfvcMFvl8PRNcDkBIhjpppdGZ3Fm4m6OZt7ie9ZyL355v7Ar0KDfCmFbVdF21Mr4n45TVq8bsbMppaLEgKxAJE=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk1OSM0Njk4NDYyIzIxOTUyNTM=) [Image](https://ml.globenewswire.com/media/YzUxNjFmMTEtZDQ1OC00OWJjLWFlN2YtYWJkYmJhOGZiMWE0LTEyMDY4MDY=/tiny/Vital-Farms.png) Source: Vital Farms
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: PACK
Security: Ranpak Holdings Corp.
Related Stocks/Topics: Markets
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Type: News
Publication: The Motley Fool
Publication Author: Jon Quast
Date: 2022-01-28
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 25.7735
Stock Price 2 days before: 27.8086
Stock Price 1 day before: 25.6377
Stock Price at release: 24.1238
Risk-Free Rate at release: 0.0004
Symbol: CRON
Security: Cronos Group Inc.
Related Stocks/Topics: Unknown
Title: Cronos Group Provides Bi-Weekly MCTO Status Update
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.
Stock Price 4 days before: 3.37541
Stock Price 2 days before: 3.51055
Stock Price 1 day before: 3.42743
Stock Price at release: 3.33572
Risk-Free Rate at release: 0.0004
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: PODD|US Markets|IMAB
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Type: News
Publication: MTNewswires
Publication Author: MT Newswires
Date: 2022-01-28
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Stock Price 4 days before: 85.0368
Stock Price 2 days before: 79.7107
Stock Price 1 day before: 80.5899
Stock Price at release: 75.0
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: HLIT
Security: Harmonic Inc.
Related Stocks/Topics: Stocks|CRUS|META|GOOGL
Title: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 10.3218
Stock Price 2 days before: 10.5292
Stock Price 1 day before: 10.2953
Stock Price at release: 10.125
Risk-Free Rate at release: 0.0004
| 9.29712 |
Broader Economic Information:
Date: 2022-01-28
Title: Beyond Meat (BYND) Stock Sinks As Market Gains: What You Should Know
Article: In the latest trading session, Beyond Meat (BYND) closed at $56.54, marking a -0.04% move from the previous day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.Prior to today's trading, shares of the plant-based meat company had lost 16.07% over the past month. This has lagged the Consumer Staples sector's loss of 1.73% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Beyond Meat as it approaches its next earnings release. In that report, analysts expect Beyond Meat to post earnings of -$0.73 per share. This would mark a year-over-year decline of 114.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103.98 million, up 2% from the year-ago period.Investors should also note any recent changes to analyst estimates for Beyond Meat. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Beyond Meat currently has a Zacks Rank of #3 (Hold).The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BYND in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [Beyond Meat, Inc. (BYND): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYND&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859411/beyond-meat-bynd-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411)
Date: 2022-01-28
Title: Interesting SABR Put And Call Options For March 11th
Article: Investors in Sabre Corp (Symbol: SABR) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SABR options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $8.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.40 (before broker commissions). To an investor already interested in purchasing shares of SABR, that could represent an attractive alternative to paying $8.26/share today. Because the $8.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=put&contract=8.00). Should the contract expire worthless, the premium would represent a 7.50% return on the cash commitment, or 65.18% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Sabre Corp, and highlighting in green where the $8.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $9.00 strike price has a current bid of 50 cents. If an investor was to purchase shares of SABR stock at the current price level of $8.26/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $9.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.01% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SABR shares really soar, which is why looking at the trailing twelve month trading history for Sabre Corp, as well as studying the business fundamentals becomes important. Below is a chart showing SABR's trailing twelve month trading history, with the $9.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $9.00 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SABR&month=20220311&type=call&contract=9.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.05% boost of extra return to the investor, or 52.61% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 85%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $8.26) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Date: 2022-01-28
Title: Notable Friday Option Activity: CWH, SC, DDOG
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule
Article: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \begin{table}{|c|c|c|} \hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\ \hline \end{table} **Conference Call Details** \begin{table}{|c|c|} \hline Date: & Friday, February 25th, 2022 \\ \hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\ \hline United States dial in: & +1-844-204-8586 \\ \hline Mexico dial in: & +52-55-8880-8040 \\ \hline International dial in: & +1-412-317-6346 \\ \hline Participant Code: & Volaris \\ \hline Replay access Code: & 10163641 \\ \hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\ \hline \end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [[email protected]](mailto:[email protected]) **Media Contact:**Gabriela Fernández / [[email protected]](mailto:[email protected]) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend
Article: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Recent Price Trend in Columbia Financial (CLBK) is Your Friend, Here's Why
Article: Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. **Columbia Financial** (CLBK) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. CLBK is quite a good fit in this regard, gaining 11.7% over this period.However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 2.5% over the past four weeks ensures that the trend is still in place for the stock of this company.Moreover, CLBK is currently trading at 94.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-ZP-commentary_blog-text-eoac) Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.So, the price trend in CLBK may not reverse anytime soon.In addition to CLBK, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 [Zacks Premium Screens](https://www.zacks.com/registration/premium/login/?continue_to=/screening/premium-screens&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-ZP-commentary_blog-text-eoac) that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here [to sign up for a free trial to the Research Wizard today.](https://www.zacks.com/registration/rw/welcome/eoffer/4437?adid=ZCOM_RW_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-RW-commentary_blog-text-eoac)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_540_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_540&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [Columbia Financial (CLBK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CLBK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_540&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858946/recent-price-trend-in-columbia-financial-clbk-is-your-friend-here-s-why?cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: First Business Announces 10% Increase in Quarterly Cash Dividend
Article: MADISON, Wis.--(BUSINESS WIRE)-- First Business Financial Services, Inc. (“First Business”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.1975 per share which is equivalent to a dividend yield of 2.57% based on Thursday’s market close price of $30.71. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2021, and based on fourth quarter 2021 earnings per share, a dividend payout ratio of 17.0%. This regular cash dividend is payable on February 17, 2022 to shareholders of record at the close of business on February 7, 2022.“First Business’ growth in revenue and earnings in 2021, and our expectations for 2022 and beyond, readily support the Company’s 10th consecutive annual increase in the dividend,” President and Chief Executive Officer, Corey Chambas said. “Even after investing in the business, including our high-growth specialized lending offerings, we remain focused on our continuing commitment to drive shareholder value by providing a meaningful return to shareholders through quarterly cash dividends.”**About First Business Financial Services, Inc. **First Business Financial Services, Inc., (Nasdaq: FBIZ) is the parent company of First Business Bank. First Business Bank specializes in Business Banking, including Commercial Banking and Specialized Lending, Private Wealth, and Bank Consulting services, and through its refined focus, delivers unmatched expertise, accessibility, and responsiveness. Specialized Lending solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. For additional information, visit firstbusiness.bank.This press release includes “forward-looking” statements related to First Business Financial Services, Inc. that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s 2020 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005460r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005460/en/](https://www.businesswire.com/news/home/20220128005460/en/) Edward G. Sloane, Jr. Chief Financial Officer First Business Financial Services, Inc. 608-232-5970 [[email protected]](mailto:[email protected]) Source: First Business Financial Services, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: CWH
Security: Camping World Holdings, Inc.
Related Stocks/Topics: Markets|DDOG
Title: Notable Friday Option Activity: CWH, SC, DDOG
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Stock Price 4 days before: 31.3744
Stock Price 2 days before: 33.344
Stock Price 1 day before: 32.6425
Stock Price at release: 32.3035
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: KIND
Security: Nextdoor Holdings, Inc.
Related Stocks/Topics: Markets|MCD|CAT|PK|T
Title: 7 Top Stocks With 10X Potential in 2022 For Your Portfolio
Type: News
Publication: InvestorPlace
Publication Author: Faizan Farooque
Date: 2022-01-28
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Last year, [growth stocks](https://investorplace.com/2021/12/7-of-the-best-growth-stocks-to-buy-for-2022/?utm_source=Nasdaq&utm_medium=referral) performed significantly better than value stocks. The [markets have been volatile lately](https://www.cnbc.com/2022/01/19/stock-market-futures-open-to-close-news.html), but it seems like the trend is starting to favor value stocks. Recent data suggests that this change in momentum will accelerate over time. It is becoming more difficult to pick out top stocks for the new year in this environment. Investors are human and have biases. Some people like paying healthy dividends, while others may be growth-oriented, seeking rapidly expanding companies with potential for high returns on investment.Growth stocks offer a greater potential for future return, but they also carry an equal amount of risk. The main concern with these investments is that the growth you’ve seen won’t continue into your future — which means it’s important not only to consider what has happened so far when investing in them but how likely this company will be successful long-term too.The recent rise in borrowing costs has caused many investors to reevaluate their portfolios. This is especially true for those who trade on Wall Street, where the pressure isn’t thanks solely to material concerns about our economy or fears surrounding Covid-19 variants. Instead, many traders are convinced [the Federal Reserve is about to hike interest rates](https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15/) to combat inflation. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) That is leading to a sharp sell-off in growth stocks. Many of these companies are excellent prospects. Hence, it is the ideal time to invest in high-growth top stocks. They are down for now. But it is only a matter of time before they make their inevitable comeback. - **Nextdoor** (NYSE: [KIND](https://investorplace.com/stock-quotes/kind-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McDonald’s** (NYSE: [MCD](https://investorplace.com/stock-quotes/mcd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Caterpillar**(NYSE: [CAT](https://investorplace.com/stock-quotes/cat-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Park Hotels & Resorts** (NYSE: [PK](https://investorplace.com/stock-quotes/pk-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Salesforce** (NYSE: [CRM](https://investorplace.com/stock-quotes/crm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Beyond Meat** (NASDAQ: [BYND](https://investorplace.com/stock-quotes/bynd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Top Stocks: Nextdoor ([KIND](https://www.nasdaq.com/market-activity/stocks/KIND)))** [Image of the Nextdoor (<a href=](https://investorplace.com/wp-content/uploads/2021/11/kind-stock-1-300x169.jpg) KIND) app on an iPhone." width="300" height="169">Source: Tada Images / Shutterstock.comNextdoor is the herald for a new generation of neighborhood connectivity, [with 33 million active members across America](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/). The company went public through a [special purpose acquisition company (SPAC)](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) merger in 2021 and has seen unprecedented success ever since.Over the last decade, social media has permeated all our lives. There would be a few areas left where we do not see its impact. The relationship between social media and depression has been a topic of great debate. Some say that the use increases feelings such as loneliness, while others claim it makes people feel less isolated in their daily lives because they can share experiences online.Nextdoor is an interesting company looking to change the dynamic of how we use social media. It is an app that connects people in real-life neighborhoods with one another. The company provides private online networks for continued communication and updates about what’s happening near your house, helping build stronger communities. It’s a fast-growing company, expanding both locally and internationally.The third quarter [saw a 66% increase in revenue to $52.7 million](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/), and the average revenue per user increased 38% year over year to $1.61, with the majority of that increase coming from new users; the number of weekly active users (WAU) reached new heights this past quarter with a 20% year-over-year increase to 33 million. Like many social networks, Nextdoor deals with the same problems that plague platforms when they become huge. But now its position as one such service means it has more responsibility than ever before. However, with an experienced hand like [CEO Sarah Friar](https://www.linkedin.com/in/sarah-friar-922b044) at the helm, there is little cause for concern. Friar’s impressive resume includes six years as the CFO of Square and a stint as an analyst at Goldman Sachs. **McDonald’s Corp. ([MCD](https://www.nasdaq.com/market-activity/stocks/MCD)))** [MCD Stock: a McDonald's sign and logo on the side of a building](https://investorplace.com/wp-content/uploads/2019/09/mcd-stock-1600-6-300x169.jpg) Source: 8th.creator / Shutterstock.comMcDonald’s is a huge, global corporation that has been around for decades, and it still thrives today. It serves as an inspiration to many people worldwide because of its success. As such, it is perhaps one of the safest stocks out there, with consistent growth and dividend income. The global giant that is McDonald’s has [35,000 locations worldwide](https://hinative.com/es-MX/questions/18212204), and 93% of them are franchisees. This means they receive rent and royalty payments from their stores which insulated this company against any inflationary pressures.That puts McDonald’s in a great position. [The consumer price index increased at a 7% year-on-year pace last month](https://www.cnbc.com/2022/01/12/cpi-december-2021-.html), the largest increase since June 1982. Inflation is a real problem, and it is hitting home hard. Therefore, McDonald’s, traditionally seen as the food for budget-conscious consumers, will continue to thrive in this atmosphere. In an [earnings call](https://www.nasdaq.com/market-activity/earnings) McDonald’s reported a dramatic increase in profits this quarter because their menu prices have gone up while costs remained low. McDonald’s is doing a fine job of offsetting increased labor and commodity costs by raising prices on its menu.The company reported a fiscal third-quarter profit of $2.86 per share, up from last year’s figure of $2.35, and McDonald’s just announced that they are raising their forecast for systemwide sales growth in 2021. [The company’s net sales increased 14% to $6.2 billion in the quarter](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/Business.Q3-2021-results.html), surpassing expectations significantly. This is due largely to worldwide same-store sales growth of 12.7% from the year-ago period. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Despite the impressive performance and strong outlook, the stock was up just 22.1% last year. That means there is plenty of upside here that you can exploit. **Top Stocks: Caterpillar ([CAT](https://www.nasdaq.com/market-activity/stocks/CAT)))** [Image of a yellow construction vehicle with the Caterpillar (<a href=](https://investorplace.com/wp-content/uploads/2019/10/cat-stock-300x169.jpg) CAT) logo on it" width="300" height="169">Source: astudio / Shutterstock.comIn today’s world, few companies can match the size of Caterpillar. The firm is one in a select group to produce both construction and mining equipment on an international scale with operations all over our planet.Caterpillar is expected to have a profitable year, with its earnings and free cash flow projected at an all-time high. This will create significant value for investors due to the global economy whirring back to life. Even in America, things are looking up for Caterpillar. The [$1.2 trillion infrastructure bill](https://investorplace.com/smartmoney/2021/11/the-one-stock-to-buy-after-infrastructure-bill-gets-the-green-light/?utm_source=Nasdaq&utm_medium=referral) signed into law by President Joe Biden on Monday will bring new federal investments and create jobs over five years, touching everything from bridges to broadband internet systems with its promises of improved cities around America. The world’s largest construction equipment manufacturer will, naturally, benefit from these initiatives.In the third quarter of 2021, Caterpillar announced sales and revenues that had [grown by 25% compared with $9.9 billion in 2020](https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html). The revenue increased primarily due to demand for equipment and services at higher end-user levels driving the growth. Third-quarter profits were up significantly from last year, with a whopping $2.66 per share in profit for the quarter compared to just under two dollars back then. In addition, the company bought back $1.4 billion of shares and disbursed dividends totaling $0.6 billion. Shares were up 14.47% last year, with the stock trading at 17.12 times forward price-to-earnings. **Park Hotels & Resorts ([PK](https://www.nasdaq.com/market-activity/stocks/PK)))** [a Park Hotels & Resorts (<a href=](https://investorplace.com/wp-content/uploads/2019/07/PK1600-300x169.jpg) PK) branded destination" width="300" height="169">Source: ShutterstockPark Hotels & Resorts is one of the biggest hotel players, with properties all over America. It specializes in luxury goods and services for travelers at any price, from budget-friendly rates to five-star accommodations. The company was formed as an offshoot of [Hilton Worldwide back in 2017](https://www.pkhotelsandresorts.com/company/about-park). Hilton’s CEO, [Christopher Nassetta](https://www.linkedin.com/in/chrisnassetta), evaluated a corporate spin-off of their $13 billion real estate portfolio. This plan was part of Hilton’s strategy to move towards an “ [asset-light model](https://www.bu.edu/bhr/2021/05/31/asset-light-business-model-strategies-for-hotels-during-the-pandemic/),” which would enable rapid international growth and take advantage of the lack of taxes on REITs or real estate investment trusts — REITs have to [distribute at least 90%](https://www.sec.gov/files/reits.pdf) of their profits as dividends, or else they will lose tax-exempt status.Owing to the nature of the pandemic, it was only natural that the hotel industry would come under fire. Revenues fell sharply in 2020, leading to a substantial loss for the hotel REIT. The situation has improved remarkably in the latest few quarters. Third-quarter highlights include a strong, positive RevPAR number that shows the company is growing steadily and returning to profitability. Funds from operations (FFO) attributable to stockholders for the quarter was $5 million — [a 112.2% improvement from second-quarter numbers](https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2021/11-03-2021-201734881). - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) The hotel REIT focuses squarely on three major markets, [New York City, Chicago, and San Francisco](https://www.costar.com/article/507460491/hotel-industry-recovery-hinges-on-demand-from-business-travelers-groups), to power its comeback further. “I’ve been in New York three times in the last couple of weeks, and the city’s coming back to life, and it’s great to see,” CEO Thomas Baltimore Jr. said in November. Meanwhile, hotel occupancy in Chicago is still high despite the overall slow down. Corporate group bookings at Park’s hotels were about 83% of 2019 levels which amounts to around 168,000 room nights citywide. **Top Stocks: AT&T ([T](https://www.nasdaq.com/market-activity/stocks/T)))** [Sign of AT&T (<a href=](https://investorplace.com/wp-content/uploads/2021/11/shutterstock_1019880574-300x169.png) T) posted in a wooden wall" width="300" height="169">Source: Lester Balajadia / Shutterstock.comAT&T hasn’t gotten the love it deserves in the last year. In an unexpected move, AT&T announced that it plans — into their own company just a few short years after buying [Time Warner Inc for $108 billion](https://arstechnica.com/tech-policy/2021/05/att-to-spin-off-warnermedia-will-try-to-act-like-a-telecom-company-again/). AT&T announced that [they had signed a merger agreement](https://about.att.com/story/2021/warnermedia_discovery.html) with **Discovery** (NASDAQ: [DISCA](https://investorplace.com/stock-quotes/disca-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). The two companies will now share some of their assets as part of this deal and create one “standalone global entertainment company.” As a result of the agreement, [AT&T would receive a cool $43 billion](https://about.att.com/story/2021/warnermedia_discovery.html#:~:text=Under%20the%20terms%20of%20the,representing%2071%25%20of%20the%20new) in the all-stock transaction that it will use to reduce debt and invest in broadband.AT&T plans to spend $24 billion on capital expenditures in 2022. This investment will go toward 5G and fiber broadband networks. That comes as a welcome change because the telecommunications giant could not focus squarely on this space in the last few years. AT&T [plans to cover 200 million people](https://www.cnet.com/tech/mobile/verizon-and-at-ts-c-band-5g-upgrade-from-airports-to-rollouts-the-latest-on-what-you-need-to-know/) with its 5G C-band network by year-end 2023, and they are investing to reach 30 million customer locations this coming 2025.Management cut AT&T’s dividend by half last year, but the company assured investors that it would still pay out an annual distribution. However, following cutting the payout, the company will lose its [Dividend Aristocrats status](https://investorplace.com/2022/01/3-dividend-aristocrats-yielding-over-4/?utm_source=Nasdaq&utm_medium=referral). Hence, many AT&T shareholders are left wondering whether they should keep investing in the stock moving forward. AT&T’s debt load is set to decrease after they shed some of their most lucrative divisions and use the proceeds and the savings from the dividend cut, making them more competitive with **T-Mobile** (NASDAQ: [TMUS](https://investorplace.com/stock-quotes/tmus-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Verizon** (NYSE: [VZ](https://investorplace.com/stock-quotes/vz-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). **Salesforce (CRM)** [A hand with pink painted fingernails holds a Salesforce (CRM) sticker.](https://investorplace.com/wp-content/uploads/2019/07/crm1600-300x169.jpg) Source: Bjorn Bakstad / Shutterstock.com Salesforce offers excellent customer service and helps businesses improve their marketing strategy with its powerful applications. They provide CRM (customer relationship management) services for both individual consumers and small companies and enterprise software. CRM’s software helps businesses organize and handle sales operations while also managing customer relationships.The Salesforce ecosystem and community are growing, which means that CRM functionality is expanding too. One way to increase their acquisition rates is by acquiring new companies within this space as they come along with valuable skillsets or experiences — something else important for reaching scale. Salesforce is a company that provides “ [360-degree view of customer](https://www.scnsoft.com/services/salesforce/demo-customer-profile)” services.It is the perfect alternative to **Adobe** (NASDAQ: [ADBE](https://investorplace.com/stock-quotes/adbe-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Oracle** (NYSE: [ORCL](https://investorplace.com/stock-quotes/orcl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), and **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Salesforce competitors provide various components that make them stand out from the rest and offer an excellent way to manage all aspects of customers’ needs. Salesforce has [made some of the biggest acquisitions in recent years](https://www.salesforce.com/news/stories/salesforce-acquisitions/), including Slack for $27.7 billion, Tableau at $15.7 billion, and Mulesoft for $6.5 billion. The Salesforce empire has always been about more than just CRM. They’ve used their acquisition strategy to integrate innovative technologies into the platform, which benefits every customer with exciting new features and functionality that they can’t get anywhere else. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) However, Salesforce is not doing so well recently. The stock continued its downward spiral following a new omicron coronavirus variant and a tech-specific sell-off in December. But that means a quality business with a wide moat is available at a discount. **Top Stocks: Beyond Meat (BYND)** [bynd stock](https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-3-300x169.jpg) Source: Shutterstock Beyond Meat is a company that produces plant-based substitutes for beef, pork, and poultry. The company aims to help reduce pollution from these industries while also helping people live healthier lives by eating more vegetarian meals themselves or providing them access at affordable prices. Last year, Beyond launched its [new line of chicken in Canadian and U.S restaurants](https://vegnews.com/2021/7/vegan-beyond-meat-chicken-tenders) and grocery stores across North America.Nevertheless, the stock has not done well in the last six months. That is because of sluggish sales and muted forecasts. Beyond is a company that thrives on retail sales. The [segment generates 74%](https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html) of its total revenue, while foodservice accounts for 26%. Analysts believe the key for the company is to produce their product at a lower cost to battle McDonald’s.But the value proposition is there. Millennials and Generation Z believe in a healthier diet. That leads to marketers and businesses honing on any area that could lead to a healthy lifestyle. Beyond Meat will do well in this environment.On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faizan Farooque is a contributing author for [InvestorPlace.com](http://investorplace.com/) and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. You can check out his analysis on InvestorPlace and TipRanks. The post [7 Top Stocks With 10X Potential in 2022 For Your Portfolio](https://investorplace.com/2022/01/7-top-stocks-with-10x-potential-in-2022-kind-mcd-cat-pk-t-crm-bynd/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 5.26838
Stock Price 2 days before: 5.66
Stock Price 1 day before: 5.20629
Stock Price at release: 5.14115
Risk-Free Rate at release: 0.0004
| 6.28513 |
Broader Economic Information:
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of Beazer Homes USA, Inc. (NYSE:BZH)
Article: Today we will run through one way of estimating the intrinsic value of Beazer Homes USA, Inc. (NYSE:BZH) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Crunching the numbers** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$82.9m & US$89.9m & US$64.1m & US$51.6m & US$44.8m & US$41.0m & US$38.7m & US$37.5m & US$36.9m & US$36.7m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ -28.74% & Est @ -19.53% & Est @ -13.08% & Est @ -8.57% & Est @ -5.41% & Est @ -3.2% & Est @ -1.65% & Est @ -0.57% \\ \hline Present Value ($, Millions) Discounted @ 11% & US$74.9 & US$73.3 & US$47.2 & US$34.3 & US$26.9 & US$22.2 & US$19.0 & US$16.6 & US$14.8 & US$13.2 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$342mAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 11%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.0%) ÷ (11%– 2.0%) = US$427m **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$427m÷ ( 1 + 11%)10= US$154mThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$496m. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$18.2, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.[dcf](https://images.simplywall.st/asset/chart/332730-dcf-1-dark/1643377036745) NYSE:BZH Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Beazer Homes USA as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Next Steps:**Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Beazer Homes USA, we've compiled three additional items you should assess: - **Risks**: Case in point, we've spotted [2 warning signs for Beazer Homes USA ](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. - **Future Earnings**: How does BZH's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/consumer-durables/nyse-bzh/beazer-homes-usa?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875197&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE5NzpkMWE3MTNlNTc2NjU4Njcw)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: Bank7 (BSVN) Lags Q4 Earnings Estimates
Article: Bank7 (BSVN) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.22%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surprise of 7.81%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Bank7, which belongs to the Zacks Banks - Southeast industry, posted revenues of $14.74 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $12.9 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Bank7 shares have added about 1.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Bank7?**While Bank7 has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/BSVN/earnings-calendar), the estimate revisions trend for Bank7: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $16.2 million in revenues for the coming quarter and $2.95 on $63.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. RE/MAX (RMAX), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 23.This franchisor of residential real estate brokerages is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +14.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.RE/MAX's revenues are expected to be $88.95 million, up 22.8% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Bank7 Corp. (BSVN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BSVN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [REMAX Holdings, Inc. (RMAX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RMAX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859081/bank7-bsvn-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
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Date: 2022-01-28
Title: First Commonwealth Financial Corporation (NYSE:FCF) Analysts Are Pretty Bullish On The Stock After Recent Results
Article: **First Commonwealth Financial Corporation** (NYSE:FCF) came out with its full-year results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. The result was positive overall - although revenues of US$386m were in line with what the analysts predicted, First Commonwealth Financial surprised by delivering a statutory profit of US$1.44 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/323780-earnings-and-revenue-growth-1-dark/1643365100467) NYSE:FCF Earnings and Revenue Growth January 28th 2022Taking into account the latest results, First Commonwealth Financial's six analysts currently expect revenues in 2022 to be US$390.2m, approximately in line with the last 12 months. Statutory earnings per share are expected to fall 13% to US$1.28 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$391.2m and earnings per share (EPS) of US$1.27 in 2022. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. The consensus price target rose 7.8% to US$18.50despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of First Commonwealth Financial's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on First Commonwealth Financial, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$15.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that First Commonwealth Financial's revenue growth is expected to slow, with the forecast 1.0% annualised growth rate until the end of 2022 being well below the historical 5.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.9% per year. Factoring in the forecast slowdown in growth, it seems obvious that First Commonwealth Financial is also expected to grow slower than other industry participants. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that First Commonwealth Financial's revenues are expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for First Commonwealth Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) You should always think about risks though. Case in point, we've spotted [1 warning sign for First Commonwealth Financial ](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYyOTpiYTU3ZWExMDJhZjEzMGQz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At PRG
Article: In trading on Friday, shares of PROG Holdings Inc (Symbol: PRG) touched a new 52-week low of $36.82/share. That's a $20.83 share price drop, or -36.13% decline from the 52-week high of $57.65 set back on 02/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for PRG that means the stock would have to gain 56.57% to get back to the 52-week high. For a move like that, PROG Holdings Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as PRG shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, PRG has seen 3 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/03/2021 & Steven A. Michaels & CEO & 7,500 & $42.91 & $321,825.00 \\ \hline 08/03/2021 & Brian Garner & Chief Financial Officer & 2,500 & $42.89 & $107,225.00 \\ \hline 08/09/2021 & Douglas C. Curling & Director & 2,500 & $43.11 & $107,775.00 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where PRG has traded over the past year, with the 50-day and 200-day moving averages included. [PROG Holdings Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for PRG shares, which are presently showing a last trade of $38.08/share, a 3.42% rebound off of the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Broader Sector Information:
Date: 2022-01-28
Title: Why Enphase, Plug Power, and Bloom Energy Stocks Popped
Article: **What happened** [Renewable energy stocks](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46) are in the green as the trading week winds down Friday.As of 12:15 p.m. ET, shares of solar power play **Enphase Energy** [(NASDAQ: ENPH)](https://www.nasdaq.com/market-activity/stocks/enph) are getting a 2.6% lift from some positive sentiment on Wall Street, where investment bank **Citigroup** has just lowered the stock's price target by 20% -- but nevertheless valued Enphase shares at $205 apiece. Despite this being technically bad news (because of the price target cut), investors may be taking it as good news -- because if Citi is correct, there could still be 69% upside in Enphase stock. Meanwhile, fuel cell plays **Bloom** **Energy** [(NYSE: BE)](https://www.nasdaq.com/market-activity/stocks/be) and **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are up 2% and 2.7%, respectively, on some good PR from the PRC. [Red map of China with a rising green stock arrow superimposed.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663550%2Fred-map-of-china-with-a-rising-green-stock-arrow-superimposed.jpg&w=700) Image source: Getty Images. **So what** PRC. That's the "People's Republic of China," you see. And as Bloomberg advised last night, both Bloom and Plug are due to get some free publicity from China next week when the Winter Olympics begin in Beijing.The 2022 Winter Olympics will employ "600 fuel cell vehicles" in and around the Chinese capital, in a globally televised demonstration "of China's efforts to decarbonize its transportation sector," reports Bloomberg. And the fuel for these fuel cell vehicles will come from a Chinese "power-to-hydrogen electrolyzer facility" co-owned by **Shell**, that is "one of the world's largest green hydrogen plants."**Now what** This is good news for fuel cell stocks in two ways. First, and most obviously, getting free advertising at one of the world's most high-profile sporting events is a windfall bit of good luck for the fuel cell industry, which has been plagued by [years upon years of financial losses](https://www.fool.com/investing/2022/01/26/why-plug-power-stock-popped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46) that no amount of revenue growth has seemingly been able to alleviate. But second, as Bloomberg observes, while China may have one of the world's biggest green hydrogen plants, it turns out that it still doesn't produce enough hydrogen to fuel even just 600 fuel cell vehicles. Fact is, this "joint venture will supply [only] half of the green hydrogen used for electric vehicles that run on fuel cells during Olympic events in the region," Shell said. And this fact may highlight the need for dramatic increases in the amount of hydrogen being produced in order for fuel cell vehicles to have a chance of taking off, encouraging investors to seek out investment opportunities in hydrogen production specifically.And which fuel cell companies are best known for their investments in green hydrogen production?Funny you should ask. Their names are [Plug Power and Bloom Energy](https://www.fool.com/investing/2020/10/09/why-hydrogen-fuel-cell-stocks-popped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46). **10 stocks we like better than Enphase Energy, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=41bb7a1b-bc5e-4f98-a1a1-bbfacdd19af7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DEnphase%2520Energy%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46) for investors to buy right now... and Enphase Energy, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=41bb7a1b-bc5e-4f98-a1a1-bbfacdd19af7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DEnphase%2520Energy%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=059e1879-584c-40a0-9294-27b9ac45dd46)*Stock Advisor returns as of January 10, 2022 Citigroup is an advertising partner of The Ascent, a Motley Fool company. [Rich Smith](https://boards.fool.com/profile/TMFDitty/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Matthews International (MATW) Tops Q1 Earnings and Revenue Estimates
Article: Matthews International (MATW) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.04%. A quarter ago, it was expected that this casket and memorial manufacturer would post earnings of $0.73 per share when it actually produced earnings of $0.80, delivering a surprise of 9.59%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Matthews International, which belongs to the Zacks Funeral Services industry, posted revenues of $438.58 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 13.74%. This compares to year-ago revenues of $386.66 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Matthews International shares have lost about 7.3% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Matthews International?**While Matthews International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MATW/earnings-calendar), the estimate revisions trend for Matthews International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $421.5 million in revenues for the coming quarter and $2.93 on $1.7 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Funeral Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hillenbrand (HI), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 2.This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Hillenbrand's revenues are expected to be $713 million, up 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Matthews International Corporation (MATW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MATW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Hillenbrand Inc (HI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858751/matthews-international-matw-tops-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. 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[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)*Stock Advisor returns as of January 10, 2022Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables accompanying the company's press release issued this morning. The company expressly disclaims any intent or obligation to update any of the forward-looking statements made in today's call, any recordings of today's call, the press release issued earlier today, or in any of its SEC filings, except as may be otherwise stated by the company. I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
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Symbol: AMC
Security: AMC Entertainment Holdings, Inc.
Related Stocks/Topics: Markets
Title: After Painful Losing Streak, AMC Entertainment Might Actually Be a Buy
Type: News
Publication: InvestorPlace
Publication Author: David Moadel
Date: 2022-01-28
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) From the onset of Covid-19 to the meme-stock trade, it’s been quite an eventful couple of years for anyone who held shares of global movie-theater chain **AMC Entertainment**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Suffice it to say that it hasn’t been easy to stay invested in AMC stock, but at least it’s never been boring. [People wearing masks walking past an AMC theater.](https://investorplace.com/wp-content/uploads/2021/04/amc-entertainment-stock-300x169.jpg) Source: rblfmr/Shutterstock.comAs broad-market carnage beset Wall Street in December and much of January, it appears that the highest flyers had the hardest landings. Once-touted names have lost much of their value, with meme stocks suddenly falling out of favor and sinking to new short-term lows.It’s true that many of InvestorPlace‘s contributors tried to warn the readers that this could happen. Still, I’d like to offer some words of solace and even hope for downtrodden, ill-timed AMC stock traders.Granted, there’s no guarantee of a turnaround. However, the refinancing efforts of an American movie-theater icon could signal better times ahead for legions of loyal “apes” with multi-bagger ambitions. **A Closer Look at AMC Stock** All of that being said, it really is time to let go of our “moon shot” fantasies. AMC stock’s rally from $2 to $72 would be extremely difficult for the market to replicate. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Consider the math. As of Jan. 25, the stock was trading at roughly $16. It would have to somehow reach $576 to reproduce last year’s 36x move.A more sensible objective would be for AMC stock to retake the $30 level. That would represent a near share-price doubling, which is nothing to sneeze at.As far as support levels are concerned, it’s difficult to identify anything meaningful if a stock goes vertical and then crashes. There’s just no “safe zone” to speak of here.In the final analysis, keep your price targets realistic and always remember that AMC stock is highly speculative. Therefore, all position sizes should be small. **Time to Get Creative** Say what you will about CEO Adam Aron, but there’s no denying that he’s been fairly transparent about AMC Entertainment’s massive debt load. “In 2020 and early 2021, AMC [took on debt](https://www.wsj.com/articles/amc-entertainment-says-it-will-try-to-refinance-high-interest-debt-11641220992) at high interest rates to survive,” Aron once admitted. Clearly, with the Covid-19 pandemic keeping moviegoers at home, the company had to do what it had to do.More recently, there have been signs that people are ready and willing to return to movie theaters. For instance, AMC reported that Spider-Man: No Way Home was the highest-grossing movie title on its opening night in the company’s history for the month of December.Despite that success, AMC Entertainment still has to repay its debts and find ways to shore up its balance sheet. The movie-theater chain’s CEO is, at least, apparently prepared to address this financial issue.“There is no guarantee of success, but we will try very hard to get this done. We are always thinking of creative ways to make AMC’s future more secure,” Aron explained. **Active Discussions** Still, trying hard isn’t enough. AMC Entertainment’s investors – “apes” included – should want to see progress, and results. According to The Wall Street Journal, the company had [$5.5 billion worth of debt](https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?page=1&adobe_mc=MCMID%3D56754248947047045412268717135884254405%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1643148240) as of September that ranks ahead of the company’s equity, including high-interest bonds. Furthermore, AMC owed $376 million worth of lease payments which were deferred during the Covid-19 pandemic.Fortunately, it appears that AMC Entertainment is making an effort to refinance some of its debt. Reportedly, people familiar with the matter are saying that AMC is in advanced refinancing talks with multiple interested parties.With that, the company supposedly has options to lower its interest-payment burden and stretch out the debt’s maturities by several years.Obviously, this isn’t a permanent solution. It’s really more of a lifeline, but probably a necessary one. **The Bottom Line** So, at least it appears that AMC Entertainment might be engaged in active discussions with its creditors. For the shareholders, it should be encouraging to see the company taking proactive steps to manage its considerable debt load.It’s a real-world reason to consider AMC stock, as opposed to a meme-stock fantasy. Reality is harsh, but it’s unavoidable – and just maybe, for the most patient investors, a movie-like ending could be in store. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [After Painful Losing Streak, AMC Entertainment Might Actually Be a Buy](https://investorplace.com/2022/01/after-painful-losing-streak-amc-stock-might-actually-be-a-buy/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 16.1061
Stock Price 2 days before: 16.1253
Stock Price 1 day before: 16.0517
Stock Price at release: 14.55
Risk-Free Rate at release: 0.0004
| 17.6267 |
Broader Economic Information:
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Date: 2022-01-28
Title: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply
Article: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, "This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof."**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: DocGo Announces Record Preliminary Fourth Quarter 2021 Revenue
Article: **Full year and fourth quarter revenue of $305.0 million and $107.8 million, respectively, more than triple versus prior year periods** NEW YORK--(BUSINESS WIRE)-- [DocGo](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.docgo.com%2F&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=DocGo&index=1&md5=03c528a81550613960598f8fe37da6ac), (Nasdaq: DCGO), a leading provider of last-mile mobile health services and integrated medical mobility solutions, announced today select preliminary unaudited financial results for its fourth quarter ended December 31, 2021.“Our preliminary unaudited fourth quarter and full year results we are providing today reflect the increasing momentum of our business, specifically 246% revenue growth quarter-over-quarter and 224% growth for the full year over 2020,” said Stan Vashovsky, CEO of DocGo. “We are pleased with our fourth quarter results which excluding COVID related testing revenues reflect approximately 200% year over year growth in revenue, with ongoing positive momentum in the core business. We fill a significant void in the medical care continuum that is increasingly recognized by corporations, health systems and government agencies, and we are excited by the opportunities that are ahead of us in 2022. I look forward to a very successful year.”“It is worth noting that on a go forward basis, we do not intend to provide select preliminary results on a regular basis and will instead report complete financial and operating results in our regularly scheduled quarterly earnings releases,” Mr. Vashovsky concluded. **Preliminary Fourth Quarter Financial Highlights** - On a preliminary basis, total revenue was $107.8 million in the fourth quarter of 2021, representing record quarterly revenue for the seventh consecutive quarter for DocGo, and a 246% increase from $31.2 million in the fourth quarter of 2020. - Results were aided by the inclusion of revenues from several large new and expanded Mobile Health contracts. - On a preliminary basis, Mobile Health revenue increased to approximately $89.6 million in the fourth quarter of 2021, compared to $15.8 million in the prior-year period. Medical transport revenue was approximately $18.2 million, up 18% from $15.4 million in Q4 of 2020. - On a preliminary basis, DocGo's net income was $2.5 million in the fourth quarter of 2021, which represents a substantial improvement over the net loss of $4.4 million in the fourth quarter of last year. Adjusted EBITDA grew to approximately $5.4 million in the fourth quarter of 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $2.9 million in the prior-year period. - For the full year, on a preliminary basis, DocGo generated $305 million in revenue in 2021, an increase of 224% from $94.1 million in 2020. Mobile Health revenue increased to approximately $221.1 million in 2021, compared to $31 million in 2020. Medical transport revenue was approximately $83.9 million in 2021, up 33% from $63.1 million in 2020. - On a preliminary basis, DocGo's net income was $1.4 million for the full year 2021, which represents a substantial improvement over the net loss of $14.8 million in 2020. Adjusted EBITDA grew to approximately $13.0 million in 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $8.1 million in 2020. - The company expects to report full year 2021 audited results in late February or early March and expects to provide formal 2022 guidance at that time. **Recent Business Highlights** - All municipal testing programs will extend into 2022 and signed several new agreements to expand those services. - Expanded mobile health services in several markets, including offering monoclonal antibody treatments in the state of Nevada. - To meet the growing demand for services, hired 926 new employees in Q4 2021, bringing total hires for calendar year 2021 to 2,340, and total number of medical providers and agency staff to over 3,877 as of year end. - Named Aaron Severs as Chief Product Officer to lead consumer product strategy, and spearhead development of a comprehensive B2C offering. - Launched tuition-free training programs for our clinicians, EMS workers and healthcare professionals to improve employee recruitment and retention efforts. The foregoing unaudited preliminary financial results represent the most current information available to DocGo and are based on calculations or figures prepared internally that have not yet been reviewed by DocGo’s independent registered public accounting firm. Actual fourth quarter and year-to-date financial results may be materially different from the preliminary results described above and are subject to the risk factors and uncertainties identified in this press release and in the filings with the Securities and Exchange Commission (SEC) made by DocGo. **About DocGo** DocGo is a leading provider of last-mile Mobile Health services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit [www.docgo.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.docgo.com&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=www.docgo.com&index=2&md5=d3e07176f187f3f7af2b4eb88b0ceb33). **Cautionary Statement Regarding Preliminary Estimated Results** The financial results for DocGo’s fourth quarter ended December 31, 2021, are preliminary, unaudited and subject to finalization. They reflect DocGo management's current views and may change as a result of DocGo's further review of results and other factors, including a wide variety of significant business, economic and competitive risks and uncertainties. Such preliminary results should not be viewed as a substitute for full quarterly financial statements and accompanying footnotes prepared in accordance with GAAP. DocGo cautions you that these preliminary results are not guarantees of future performance or outcomes, and that actual results may differ materially from those described above. For more information regarding factors that could cause actual results to differ from those described above, please see "Cautionary Statement Regarding Forward-Looking Statements" below.The preliminary third quarter financial results have been prepared by, and are the responsibility of, DocGo's management. DocGo's independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary estimated financial information, and does not express an opinion or any other form of assurance with respect thereto. **Cautionary Statement Regarding Forward-Looking Statements** This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning DocGo. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, and (iii) other statements identified by words such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict" "project", "aim", "goal", "outlook", "guidance", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the company to comply with laws and regulations regarding data privacy and protection. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise. **Non-GAAP Financial Measure**"GAAP" refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This announcement includes Adjusted EBITDA, a measure calculated other than in accordance with GAAP. This non-GAAP financial measure is provided in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP. DocGo defines Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization, stock-based compensation, litigation provisions and merger-related expenses. Internally, this non-GAAP measure is used by management for purposes of evaluating DocGo's core operating performance, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts, strategic planning, evaluating and valuing potential acquisition candidates, and benchmarking performance externally against competitors. DocGo believes this non-GAAP financial information provides additional insight into our financial performance and future prospects of the company's core business and have therefore chosen to provide this information to investors to help them evaluate our results of operations and enhance the ability to make period-to-period comparisons. Other companies, including companies in our industry, may not use Adjusted EBITDA or may calculate it differently than as presented below, limiting Its usefulness as a comparative measure. In evaluating these non-GAAP measures, you should be aware that in the future we will incur expenses that are the same as or similar to some of the adjustments made in the calculations of Adjusted EBITDA and our presentation of it herein should not be construed to mean that our future results will be unaffected by such adjustments. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Reconciliation of Net Income to Adjusted EBITDA \\ \hline & & \\ \hline & Q4 & YTD \\ \hline & & 2020 & & 2021 & & & 2020 & & 2021 & \\ \hline Net income/(loss) (GAAP) & & -$4.4 & & $2.5 & & & -$14.8 & & $1.4 & \\ \hline (+) Net Interest/expense/ (income) & & -$0.2 & & $0.2 & & & $0.2 & & $1.0 & \\ \hline (+) Income tax & & $0.1 & & $0.3 & & & $0.2 & & $0.6 & \\ \hline (+) Depreciation & amortization & & $1.4 & & $2.2 & & & $5.4 & & $7.8 & \\ \hline & & & & & & & & & & \\ \hline EBITDA & & -$3.1 & & $5.2 & & & -$9.0 & & $10.8 & \\ \hline & & & & & & & & & & \\ \hline (+) Non-cash stock compensation & & $0.2 & & $0.1 & & & $0.7 & & $1.3 & \\ \hline (+) Non-recurring expense & & $0.0 & & $0.1 & & & $0.2 & & $0.9 & \\ \hline Adjusted EBITDA & & -$2.9 & & $5.4 & & & -$8.1 & & $13.0 & \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005115r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005115/en/](https://www.businesswire.com/news/home/20220128005115/en/) **Investors:**Steve Halper LifeSci Advisors 646-876-6455 [[email protected] ](mailto:[email protected]) [[email protected]](mailto:[email protected])**Media:**Natalie Weddle Crowe PR [[email protected] ](mailto:[email protected])(646) 916-5314 Source: DocGo
Broader Sector Information:
Date: 2022-01-28
Title: Mitek Systems Ascends On Improved Earnings, Better Than Consensus
Article: (RTTNews) - Shares of Mitek Systems, Inc. (MITK), mobile capture and identity verification software solutions provider, are up more than 6% Friday morning after reporting better-than-expected earnings in the first quarter. Net income in the first quarter increased to $3.1 million, or $0.07 per diluted share. from $2.17 million or $0.05 per share in the same quarter a year ago. Excluding one-time items, adjusted earnings were $0.22 per diluted share, that beat the average estimate of analysts polled by Thomson Reuters at $0.21 per share. Total revenue increased 25% year over year to $32.5 million. The consensus estimate was for $33.69 million. MITK, currently at $16.07, has been trading in the range of $13.52- $23.29 in the past 52 weeks.
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: New Strong Buy Stocks for January 28th
Article: Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This company which is one of the largest automotive retailers has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**General Motors** [GM](https://www.nasdaq.com/market-activity/stocks/gm): This company which is one of the world’s largest automakers has seen the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days. **General Motors Company Price and Consensus** [](https://www.zacks.com/stock/chart/GM/price-consensus-chart?icid=chart-GM-price-consensus-chart)[General Motors Company price-consensus-chart](https://www.zacks.com/stock/chart/GM/price-consensus-chart?icid=chart-GM-price-consensus-chart) | [General Motors Company Quote](https://www.nasdaq.com/market-activity/stocks/gm)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) **OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Raymond James Financial** [RJF](https://www.nasdaq.com/market-activity/stocks/rjf): This diversified financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. **Raymond James Financial, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/RJF/price-consensus-chart?icid=chart-RJF-price-consensus-chart)[Raymond James Financial, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/RJF/price-consensus-chart?icid=chart-RJF-price-consensus-chart) | [Raymond James Financial, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rjf) You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [General Motors Company (GM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Raymond James Financial, Inc. (RJF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RJF&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS&cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858059/new-strong-buy-stocks-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions-1858059) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: After Painful Losing Streak, AMC Entertainment Might Actually Be a Buy
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) From the onset of Covid-19 to the meme-stock trade, it’s been quite an eventful couple of years for anyone who held shares of global movie-theater chain **AMC Entertainment**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Suffice it to say that it hasn’t been easy to stay invested in AMC stock, but at least it’s never been boring. [People wearing masks walking past an AMC theater.](https://investorplace.com/wp-content/uploads/2021/04/amc-entertainment-stock-300x169.jpg) Source: rblfmr/Shutterstock.comAs broad-market carnage beset Wall Street in December and much of January, it appears that the highest flyers had the hardest landings. Once-touted names have lost much of their value, with meme stocks suddenly falling out of favor and sinking to new short-term lows.It’s true that many of InvestorPlace‘s contributors tried to warn the readers that this could happen. Still, I’d like to offer some words of solace and even hope for downtrodden, ill-timed AMC stock traders.Granted, there’s no guarantee of a turnaround. However, the refinancing efforts of an American movie-theater icon could signal better times ahead for legions of loyal “apes” with multi-bagger ambitions. **A Closer Look at AMC Stock** All of that being said, it really is time to let go of our “moon shot” fantasies. AMC stock’s rally from $2 to $72 would be extremely difficult for the market to replicate. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Consider the math. As of Jan. 25, the stock was trading at roughly $16. It would have to somehow reach $576 to reproduce last year’s 36x move.A more sensible objective would be for AMC stock to retake the $30 level. That would represent a near share-price doubling, which is nothing to sneeze at.As far as support levels are concerned, it’s difficult to identify anything meaningful if a stock goes vertical and then crashes. There’s just no “safe zone” to speak of here.In the final analysis, keep your price targets realistic and always remember that AMC stock is highly speculative. Therefore, all position sizes should be small. **Time to Get Creative** Say what you will about CEO Adam Aron, but there’s no denying that he’s been fairly transparent about AMC Entertainment’s massive debt load. “In 2020 and early 2021, AMC [took on debt](https://www.wsj.com/articles/amc-entertainment-says-it-will-try-to-refinance-high-interest-debt-11641220992) at high interest rates to survive,” Aron once admitted. Clearly, with the Covid-19 pandemic keeping moviegoers at home, the company had to do what it had to do.More recently, there have been signs that people are ready and willing to return to movie theaters. For instance, AMC reported that Spider-Man: No Way Home was the highest-grossing movie title on its opening night in the company’s history for the month of December.Despite that success, AMC Entertainment still has to repay its debts and find ways to shore up its balance sheet. The movie-theater chain’s CEO is, at least, apparently prepared to address this financial issue.“There is no guarantee of success, but we will try very hard to get this done. We are always thinking of creative ways to make AMC’s future more secure,” Aron explained. **Active Discussions** Still, trying hard isn’t enough. AMC Entertainment’s investors – “apes” included – should want to see progress, and results. According to The Wall Street Journal, the company had [$5.5 billion worth of debt](https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?page=1&adobe_mc=MCMID%3D56754248947047045412268717135884254405%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1643148240) as of September that ranks ahead of the company’s equity, including high-interest bonds. Furthermore, AMC owed $376 million worth of lease payments which were deferred during the Covid-19 pandemic.Fortunately, it appears that AMC Entertainment is making an effort to refinance some of its debt. Reportedly, people familiar with the matter are saying that AMC is in advanced refinancing talks with multiple interested parties.With that, the company supposedly has options to lower its interest-payment burden and stretch out the debt’s maturities by several years.Obviously, this isn’t a permanent solution. It’s really more of a lifeline, but probably a necessary one. **The Bottom Line** So, at least it appears that AMC Entertainment might be engaged in active discussions with its creditors. For the shareholders, it should be encouraging to see the company taking proactive steps to manage its considerable debt load.It’s a real-world reason to consider AMC stock, as opposed to a meme-stock fantasy. Reality is harsh, but it’s unavoidable – and just maybe, for the most patient investors, a movie-like ending could be in store. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [After Painful Losing Streak, AMC Entertainment Might Actually Be a Buy](https://investorplace.com/2022/01/after-painful-losing-streak-amc-stock-might-actually-be-a-buy/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: MNRO
Security: Monro, Inc.
Related Stocks/Topics: Stocks
Title: Monro Inc Shares Fall 2.8% Below Previous 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 2.8% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 13.3% year-to-date, down 13.3% over the past 12 months, and down 8.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 65.0% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 9.3% lower than its 5-day moving average, 13.5% lower than its 20-day moving average, and 16.7% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 60.4% - The company's stock price performance over the past 12 months lags the peer average by -139.9% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 171.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 55.6187
Stock Price 2 days before: 54.9857
Stock Price 1 day before: 50.7
Stock Price at release: 48.883
Risk-Free Rate at release: 0.0004
| 46.7313 |
Broader Economic Information:
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: V.F. Corp (VFC) Beats Q3 Earnings & Revenues Estimates
Article: **V.F. Corporation** [VFC](https://www.nasdaq.com/market-activity/stocks/vfc) has reported robust third-quarter fiscal 2022 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate and grew year over year. Despite the tough economic environment, results gained from broad-based momentum across the company’s brands.Despite the solid quarterly results, shares of VFC fell more than 3% before the market trading session on Jan 28. This might be due to a lowered sales view for fiscal 2022. We also note that the Zacks Rank #4 (Sell) stock has lost 10.1% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/textile-apparel-180)’s decline of 0.6%. **Q3 Highlights** V.F. Corp’s adjusted earnings per share of $1.35 jumped 45% year over year, beating the Zacks Consensus Estimate of $1.21. On a constant-currency (cc) basis, adjusted earnings per share were up 44%. Earnings per share included an 11 cent-contribution from acquisitions.Net revenues of $3,624.4 million rose 22% year over year and beat the Zacks Consensus Estimate of $3,613 million. At cc, revenues were up 22%. Without the impacts of acquisitions, revenues rallied 15% (up 16% at cc) on gains from VF's largest brands. The top line also gained from growth in the EMEA and North America regions, which experienced the pandemic-led negative impacts in the prior-year quarter.Revenues in the United States were up 24% year over year on a reported basis and at cc. Revenues in the Americas (non-U.S.) grew 27% (up 24% at cc). In the EMEA region, revenues rose 26% (up 28% at cc). APAC revenues increased 5% on a reported basis (up 3% at cc), whereas the same in Greater China fell 6% (down 9% at cc). The company’s international revenues were up 19% year over year on a reported basis (up 20% at cc).Channel-wise, wholesale, direct-to-consumer and digital revenues were up 14%, 30% and 21% year over year on a reported basis and at cc, respectively.The adjusted gross margin expanded 60 basis points (bps) to 56.3%, including a 20-bps gain from acquisitions.The adjusted operating income increased 40% year over year to $643 million on a reported basis and at cc. The adjusted operating margin expanded 230 bps to 17.7%. The adjusted operating income included acquisition-related contributions of 50 bps. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/9e/16841.jpg?v=1369575232) Image Source: Zacks Investment Research******Segmental Details** Revenues in the Active segment rose 25% to $1,410.6 million (up 26% at cc). The Outdoor segment reported revenues of $1,928.4 million, up 23% year over year on a reported basis and at cc. Revenues in the Work segment grew 6% year over year (up 5% at cc) to $285.1 million. **Financial Details** V.F. Corp ended the fiscal third quarter with cash and cash equivalents of $1,333.8 million, long-term debt of $4,646.4 million, and shareholders’ equity of $3,653.4 million. Inventories were up 19.6% year over year, amounting to $1,287.2 million.For the nine months ended December 2021, the company generated an operating cash flow of $797.4 million. It returned $195 million to shareholders through dividend payouts in the fiscal third quarter. VFC also bought back shares worth roughly $300 million, with $2.5 billion remaining under its existing share repurchase program.The company declared a quarterly cash dividend of 50 cents per share, payable Mar 21, 2022, to shareholders of record as of Mar 10. **Other Updates** V.F. Corp continues to adjust its business operations per the government guidelines associated with the COVID-19 pandemic. Although the majority of the company’s supply chains are currently operational, it has witnessed manufacturing capacity constraints in the fiscal third quarter due to the resurgence of lockdowns in certain countries. Port delays, equipment availability and other logistics challenges have been dragging.The company is working with its suppliers to minimize disruptions. Its distribution centers are operating in accordance with the government guidelines to maintain safety and health protocols. All stores in North America and the APAC region, including Mainland China, were open in the fiscal third quarter, while only 6% of stores in EMEA regions were closed. Currently, all stores in North America and the APAC regions are operating, while only 1% of stores in EMEA are closed. However, management expects business disruptions to persist in the near term. **V.F. Corporation Price, Consensus and EPS Surprise**** [](https://www.zacks.com/stock/chart/VFC/price-consensus-eps-surprise-chart?icid=chart-VFC-price-consensus-eps-surprise-chart)** [V.F. Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/VFC/price-consensus-eps-surprise-chart?icid=chart-VFC-price-consensus-eps-surprise-chart) | [V.F. Corporation Quote](https://www.nasdaq.com/market-activity/stocks/vfc) **Outlook** Despite the ongoing disruptions, management retained its fiscal 2022 view. It expects revenues of $11.85 billion, which suggests year-over-year growth of 28%. The guidance includes $600 million of revenue contribution from the Supreme brand. The view compares unfavorably with the earlier mentioned 12% growth. The Zacks Consensus Estimate for fiscal 2022 revenues is pegged at $12 billion.On a segmental basis, the company lifted its revenue expectation to growth of 26-28% for Outdoor, up from the prior mentioned 25-27% growth. The Work segment’s revenues are still anticipated to be 19-21%. Meanwhile, revenues in the Active segment are now likely to grow 31-33%, down from the earlier mentioned 35-37% rise.International revenues are predicted to rise 22-24%, down from the prior mentioned 24-26% growth. Region-wise, revenues in EMEA are expected to increase 28-30%, down from the earlier stated 30-32% growth, and the APAC region is expected to rise 7-9%, down from the previously stated 12-14% growth. However, revenues in the Americas (non-U.S.) region are likely to witness 33-35% growth, up from the previously mentioned 30-32% rise. The company predicts direct-to-consumer revenue growth of 32-34%, down from a 34-36% rise mentioned earlier. This includes more than 15% growth in digital revenues, down from the earlier stated 20% rise.The company anticipates an adjusted gross margin of 55%, suggesting year-over-year growth of 170 bps. This compares unfavorably with the previously mentioned 56%, suggesting year-over-year growth of 270 bps. It still expects an adjusted operating margin of 13%, suggesting growth of 500 bps.V.F. Corp continues to envision adjusted earnings per share of $3.20, including contributions from the Supreme brand of 25 cents. The Zacks Consensus Estimate for fiscal 2022 earnings is pegged at $3.17.The company expects an adjusted operating cash flow of $1 billion for fiscal 2022. It expects an effective tax rate of 14% and a capital expenditure of $350 million for the fiscal year. **Stocks to Consider** Some better-ranked stocks from the [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Delta Apparel** [DLA](https://www.nasdaq.com/market-activity/stocks/dla), **Oxford Industries** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) and **Steven Madden** [SHOO](https://www.nasdaq.com/market-activity/stocks/shoo).Oxford Industries currently sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 96.7%, on average. Shares of OXM have gained 37.1% in the past year. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Oxford Industries’ current financial year’s sales and earnings suggests growth of 51.9% and 523.8%, respectively, from the year-ago period's reported numbers.Delta Apparel currently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 95.5% on average. The DLA stock has gained 45.9% in the past year.The Zacks Consensus Estimate for Delta Apparel's current financial year’s sales and earnings per share suggests growth of 11.9% and 10.1%, respectively, from the year-ago period's reported numbers.Steven Madden presently carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 41.9%, on average. Shares of SHOO have rallied 20.9% in a year.The Zacks Consensus Estimate for Steven Madden’s current financial-year sales and earnings suggests growth of 50.8% and 267.2% from the year-ago period’s reported numbers, respectively. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [V.F. Corporation (VFC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=VFC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Steven Madden, Ltd. (SHOO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SHOO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Delta Apparel, Inc. (DLA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DLA&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859104/v-f-corp-vfc-beats-q3-earnings-revenues-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859104) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Celanese (CE) Q4 Earnings Miss, Revenues Beat Estimates
Article: **Celanese Corporation** [CE](https://www.nasdaq.com/market-activity/stocks/ce) logged earnings from continuing operations of $4.83 per share in fourth-quarter 2021, down from $12.50 in the year-ago quarter.Barring one-time items, adjusted earnings were $4.91 per share, up from $2.09 in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $5.05. Revenues of $2,275 million increased 43% year over year and beat the Zacks Consensus Estimate of $2,241.5 million. **Celanese Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart)[Celanese Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart) | [Celanese Corporation Quote](https://www.nasdaq.com/market-activity/stocks/ce)******Segment Review** Net sales in the Engineered Materials unit were $707 million in the fourth quarter, up 23.6% year over year. The segment witnessed record net sales in the quarter on the back of pricing increase. Volumes dropped 1% while pricing rose 5% sequentially. The business continued to offset the majority of raw material, energy and logistics cost inflation which led to higher costs of roughly $60 million sequentially.The Acetyl Chain segment posted net sales of $1,476 million, up 62.2% year over year. The segment witnessed a 10% sequential increase in prices and a decline in volume. The business shifted more volume to the Western Hemisphere in the wake of the ongoing moderation in acetic acid and VAM industry pricing in China. Higher pricing in the reported quarter more than offset roughly $60 million in raw material, energy and logistics cost inflation from the previous quarter.Net sales in the Acetate Tow segment were $129 million, down 3.7% year over year. The company witnessed a slight increase in pricing and stable volume in the segment on a sequential-comparison basis. **FY21 Results** Earnings for full-year 2021 were $17.06 per share compared with earnings of $16.85 per share a year ago. Net sales rose around 51% year over year to $8,537 million. **Financials** Celanese ended 2021 with cash and cash equivalents of $536 million, down 43.9% year over year. The long-term debt inched down 1.6% year over year to $3,176 million.Celanese generated an operating cash flow of $1.8 billion and a free cash flow of $1.3 billion in 2021. Capital expenditures amounted to $467 million.The company also returned $1.3 billion to shareholders through dividend payouts and share repurchases during the year. **Outlook** Celanese stated that the early 2022 order book reflects strong demand for its products across most end markets. It continues to monitor the impact of Covid-19 variants on demand conditions. However, the constant inflationary and volatile supply chain environment remains its biggest challenge. It forecasts sequential margin expansion in first-quarter 2022 in its downstream businesses, led by Engineered Materials. The upside will likely offset the anticipated moderation in Acetyl Chain pricing conditions and boost expected first-quarter adjusted earnings of $4.30-$4.60 per share. With a strong start to 2022, the company is optimistic about its ability to achieve adjusted earnings of at least $15.00 per share in 2022, the company noted. **Price Performance** Celanese’s shares have gained 31.1% in the past year against a 6.3% decline of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-specialty-37). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/2e/16809.jpg?v=1168380862) Image Source: Zacks Investment Research** Zacks Rank & Other Key Picks** Celanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space are **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb), **Nutrien Ltd.** [NTR](https://www.nasdaq.com/market-activity/stocks/ntr) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix).Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 51.3% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 5.4% upward in the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 22.1%. ALB has rallied around 26.3% over a year. Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 53.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 17.4% upward in the past 60 days.Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 40.9% in a year.AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s earnings for the current year has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 46.9%. ASIX has surged 95.3% over a year. ASIX sports a Zacks Rank #1. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Celanese Corporation (CE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Nutrien Ltd. (NTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859117/celanese-ce-q4-earnings-miss-revenues-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Applied Industrial (AIT) Q2 Earnings & Revenues Top Estimates
Article: **Applied Industrial Technologies, Inc.** [AIT](https://www.nasdaq.com/market-activity/stocks/ait) has reported better-than-expected second-quarter fiscal 2022 (ended Dec 31, 2021) results. Its earnings surpassed estimates by 33.9%. This was the eighth consecutive quarter of an earnings beat. Also, sales beat the consensus estimate by 3.3%.The company’s adjusted earnings in the fiscal second quarter were $1.46 per share, outpacing the Zacks Consensus Estimate of $1.09. The bottom line increased 49% from the year-ago figure of 98 cents. **Revenue Details** In the reported quarter, Applied Industrial’s net sales amounted to $876.9 million, up 16.7% year over year. The results benefited from 16.4% growth in organic sales, 1.6% gains from acquisitions and 0.3% gain from foreign currency translation. The increase was partially offset by an adverse impact of 1.6% from one less selling day.The company’s top line surpassed the Zacks Consensus Estimate of $849 million.Applied Industrial reports revenues under two market segments. A brief discussion of the quarterly results is provided below:**Service Center-Based Distribution**’s revenues totaled $587.2 million, which contributed 67% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 13.9%. Organic sales grew 15.1% and foreign currency translation had a positive impact of 0.4%. One less selling day had an adverse impact of 1.6%. Demand was healthy in machinery, aggregates & mining, lumber & wood, food & beverage and pulp & paper markets.The **Fluid Power & Flow Control** segment generated revenues of $289.7 million, contributing 33% to net revenues in the reported quarter. The figure increased 22.9% year over year on the back of 19.3% growth in organic sales and 5.2% gain from acquisitions. One less selling day had an adverse impact of 1.6%. Businesses flourished in the technology, life sciences, off-highway mobile, chemical, utilities and machinery markets. **Applied Industrial Technologies, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart)[Applied Industrial Technologies, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart) | [Applied Industrial Technologies, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/ait)**Margin Profile** In the reported quarter, Applied Industrial’s cost of sales increased 14.3% year over year to $619.2 million. Cost of sales was 70.6% of the quarter’s net sales. Gross profit in the quarter grew 23% year over year to $257.6 million, while gross margin increased 150 basis points (bps) to 29.4%.Selling, distribution and administrative expenses (including depreciation) increased 10.5% year over year to $179.4 million. It represented 20.5% of net sales in the reported quarter compared with 21.6% in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $92.6 million, reflecting growth of 35.6%. Margin increased 150 bps to 10.6%. Interest expenses declined 9.1% year over year to $7 million. **Balance Sheet & Cash Flow** Exiting the second quarter of fiscal 2022, Applied Industrial had cash and cash equivalents of $154.8 million, down 37.4% from $247.3 million recorded in the last reported quarter. Long-term debt decreased 6.7% sequentially to $681.3 million.In the first six months of fiscal 2022, the company repaid long-term debts of $550.4 million compared with $72.3 million in the year-ago period. During the same period, the company generated net cash of $81.3 million from operating activities, reflecting a decrease of 49% from the year-ago period. Capital expenditures totaled $7.5 million, down 10.7% year over year. Free cash flow in the first six months of fiscal 2022 decreased 51.1% to $73.8 million.In the first six months of fiscal 2022, Applied Industrial rewarded shareholders with a dividend payout of $25.5 million. The amount represents growth of 2.4% year over year. Also, the company repurchased shares worth $10.1 million in the same period. Exiting the second quarter of fiscal 2022, the company is left to repurchase 353,000 shares.Concurrent with the earnings release, AIT announced that its board of directors approved a 3% hike in the quarterly dividend rate. It now stands at 34 cents per share, higher than the previous rate of 33 cents. The company will pay out the revised amount on Feb 28, 2022, to shareholders on record as of Feb 15. **Outlook** For fiscal 2022 (ending June 2022), Applied Industrial is expected to benefit from strength across industrial markets and a strong backlog level. However, supply-chain constraints and inflationary issues are concerning.The company expects total revenues to increase 11.5-12.5% year over year for fiscal 2022 (higher than 8-10% growth predicted earlier). Organic sales growth for the year is predicted to be 10.5-11.5% (higher than 7-9% growth guided earlier).EBITDA margin is expected to be 10.1-10.3% (versus 9.7-9.9% predicted earlier). Earnings per share are estimated to be $5.70-$5.90 for fiscal 2022 (versus $5.00-$5.40 guided previously). **Zacks Rank & Stocks to Consider** AIT currently carries a Zacks Rank #3 (Hold).Some better-ranked companies in the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-general-industrial-99) are discussed below. **Ferguson plc** [FERG](https://www.nasdaq.com/market-activity/stocks/ferg) presently carries a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link). Its earnings surprise in the last reported quarter was 16.82%, on average.Ferguson’s earnings estimates increased 0.1% for fiscal 2022 (ending July 2022) and 0.6% for fiscal 2023 (ending July 2023) in the past 30 days. Its shares have gained 1.8% in the past three months. **Graco Inc.** [GGG](https://www.nasdaq.com/market-activity/stocks/ggg) presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 6.58%, on average.In the past 30 days, Graco’s earnings estimates have been stable for both 2021 (results awaited) and 2022. GGG’s shares have lost 7.1% in the past three months. **Xometry, Inc.** [XMTR](https://www.nasdaq.com/market-activity/stocks/xmtr) presently carries a Zacks Rank #2. In the last reported quarter, its earnings missed the consensus estimate by 6.45%.Xometry’s bottom line estimates have decreased 1.1% for 2021 (results awaited) and decreased 25.4% for 2022 in the past 30 days. Its shares have lost 16.5% in the past three months. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AIT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Graco Inc. (GGG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GGG&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Wolseley PLC (FERG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FERG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Xometry, Inc. (XMTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=XMTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859075/applied-industrial-ait-q2-earnings-revenues-top-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Broader Sector Information:
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At CNDT
Article: In trading on Friday, shares of Conduent Inc (Symbol: CNDT) touched a new 52-week low of $4.49/share. That's a $4.01 share price drop, or -47.18% decline from the 52-week high of $8.50 set back on 06/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for CNDT that means the stock would have to gain 89.31% to get back to the 52-week high. For a move like that, Conduent Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as CNDT shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, CNDT has seen 4 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/10/2021 & A. Scott Letier & Director & 10,000 & $6.89 & $68,900.00 \\ \hline 08/10/2021 & Clifford Skelton & President and CEO & 14,970 & $6.68 & $99,999.60 \\ \hline 08/12/2021 & Mark Prout & EVP, Chief Information Officer & 3,000 & $7.07 & $21,219.00 \\ \hline 08/26/2021 & Mark Simon Brewer & EVP, Transportation & 3,703 & $6.75 & $24,995.25 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where CNDT has traded over the past year, with the 50-day and 200-day moving averages included. [Conduent Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for CNDT shares, which are presently showing a last trade of $4.54/share, slightly above the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: MKS Instruments (MKSI) Q4 Earnings Beat, Revenues Up Y/Y
Article: **MKS Instruments** [MKSI](https://www.nasdaq.com/market-activity/stocks/mksi) reported fourth-quarter 2021 adjusted earnings of $3.02 per share, which beat the Zacks Consensus Estimate by 5.59% and surged 29.1% year over year.Revenues of $763.9 million surpassed the consensus mark by 0.47% and improved 15.7% year over year, driven by rising demand for the company’s solutions in the semiconductor and advanced market despite the negative impact of pandemic and supply chain constraints.Products revenues (87.4% of total revenues) were $667.8 million, up 16.4% year over year. Services revenues (12.6%) increased 3.6% year over year to $96.1 million. **Quarterly Update** Revenues from the semiconductor market (64.8% of total revenues) increased 25.9% year over year to $494.8 million, owing to robust performance by the Vacuum & Analysis division.Revenues from advanced markets (35.2% of total revenues) were $269.1 million, up 0.7% year over year. The upside can be attributed to recovery in demand trends for advanced electronics applications.Segment-wise, Vacuum and Analysis (63.5% of total revenues) revenues surged 18% year over year to $484.4 million.Light and Motion division revenues (30.1% of total revenues) climbed 26.1% year over year to $229.8.Equipment & Solutions segment revenues (6.4% of total revenues) were $49.2 million, down 26.6% year over year. **MKS Instruments, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/MKSI/price-consensus-eps-surprise-chart?icid=chart-MKSI-price-consensus-eps-surprise-chart)[MKS Instruments, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MKSI/price-consensus-eps-surprise-chart?icid=chart-MKSI-price-consensus-eps-surprise-chart) | [MKS Instruments, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mksi)**Operating Details** In the fourth quarter, adjusted gross margin expanded 70 basis points (bps) on a year-over-year basis to 46.4%.Adjusted EBITDA increased 26.4% year over year to $228.4 million. Adjusted EBITDA margin expanded 250 bps on a year-over-year basis to 29.9%.Research & development, and sales, general & administrative expenses, as a percentage of revenues, declined 20 bps and 150 bps on a year-over-year basis, respectively.MKS Instruments reported non-GAAP operating income of $207.2 million, up 26.8% year over year. Adjusted operating margin expanded 240 bps on a year-over-year basis to 27.1%. **Balance Sheet** As of Dec 30, 2021, MKS Instruments had cash and short-term investments of $1.04 billion compared with $879.6 million as of Sep 30, 2021.Total debt as of Dec 31 2021, was $818.7 million. Secured term loan principal outstanding as of Dec 31, 2021, was $827 million. The company had $100 million of incremental borrowing capacity under an asset-based line of credit, subject to certain borrowing base requirements.Cash flow from operations was $194.3 million in the fourth quarter compared with the previous quarter’s figure of $153.1 million. Free cash flow was $170.9 million compared with $132.6 million reported in the previous quarter.MKS Instruments paid out dividends worth $12 million during the reported quarter. **Q4 Guidance** For the first quarter of 2022, MKS Instruments anticipates revenues to be $750 million (+/- $30 million). The Zacks Consensus Estimate for revenues is currently pegged at $782.33 million, indicating growth of 15.6% from the year-ago quarter.Non-GAAP earnings are expected to be $2.57 per share (+/- 25 cents).The consensus mark for earnings is currently pegged at $2.96 per share, suggesting an increase of 15.63% from the prior-year quarter. **Zacks Rank & Stocks to Consider** Currently, MKS Instruments has a Zacks Rank #3 (Hold).MKS Instruments shares have underperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While MKSI shares have fallen 12.9%, the Computer & Technology sector rallied 2.7%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26amp%3BICID%3Dzpi_1link&icid=&cid=). **Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with the sector’s growth of 2.7%. LFUS is expected to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is slated to report fourth-quarter 2021 results on Feb 2. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [MKS Instruments, Inc. (MKSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MKSI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859167/mks-instruments-mksi-q4-earnings-beat-revenues-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859167) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: JBLU
Security: JetBlue Airways Corporation
Related Stocks/Topics: LUV|Stocks|UAL|AAL|NIO
Title: Airline Stocks: What Has LUV, JBLU, UAL and AAL Heading Higher Today
Type: News
Publication: InvestorPlace
Publication Author: William White
Date: 2022-01-28
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Airline stocks are taking off on Thursday with recent news behind today’s rise in price for the shares! [a jet takes off on a clear runway representing Airline Stocks.](https://investorplace.com/wp-content/uploads/2021/09/airline-stocks-300x169.jpg) Source: m.photo / Shutterstock.comEarnings reports are the major news pushing airline stocks higher today. Several major players in the space released results for fourth quarter of 2021 and its pulling the sector higher today.Let’s jump into that below!**Airline Stocks Soaring: Southwest Airlines ([LUV](https://www.nasdaq.com/market-activity/stocks/LUV)))****Southwest Airlines** (NYSE: [LUV](https://investorplace.com/stock-quotes/luv-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is flying close to 1% higher with the release of its fourth-quarter earnings report for 2021. That comes after reporting [adjusted earnings per share of 14 cents and revenue of $5.1 billion](https://www.swamedia.com/releases/release-a0731e681107d30a52590eb3f9019ac2-southwest-airlines-reports-fourth-quarter-profit-and-full-year-results). Both of those are better than Wall Street’s estimates of 7 cents per share and revenue of $5.01 billion. **Airline Stocks Soaring: JetBlue Airways ([JBLU](https://www.nasdaq.com/market-activity/stocks/JBLU)))****JetBlue Airways** (NASDAQ: [JBLU](https://investorplace.com/stock-quotes/jblu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is also rising 3.5% this morning thanks to its Q4 2021 earnings report. This includes [adjusted losses per share of 36 cents on revenue of $1.83 billion](http://blueir.investproductions.com/investor-relations/press-releases/2022/01-27-2022-120059203). These both come in above analysts’ estimates of -39 cents per share and revenue of $1.82 billion. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) **Airline Stocks Soaring: United Airlines ([UAL](https://www.nasdaq.com/market-activity/stocks/UAL)))****United Airlines** (NASDAQ: [UAL](https://investorplace.com/stock-quotes/ual-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is getting a 1.1% boost with the release of its earnings report for Q4 2021. That’s thanks to its [adjusted per-share losses of $1.60 on revenue of $8.19 billion](https://www.united.com/en/us/newsroom/announcements/cision-125204). These both come in above Wall Street’s estimates of -$386 per share and revenue of $7.48 billion. **Airline Stocks Soaring: American Airlines ([AAL](https://www.nasdaq.com/market-activity/stocks/AAL)))****American Airlines** (NASDAQ: [AAL](https://investorplace.com/stock-quotes/aal-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) shares are climbing slightly higher this morning despite releasing earnings results. Instead, the company is likely soaring alongside other airline stocks and their positive outlooks for the rest of the year.Investors looking for more recent [stock market news](https://www.nasdaq.com/news-and-insights) will want to keep reading!InvestorPlace has all the stock coverage that traders need to know about for Thursday. A few examples include updates on **Nio** (NYSE: [NIO](https://investorplace.com/stock-quotes/nio-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Lordstown Motors** (NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) shares, as well as this morning’s biggest pre-market stock movers. You can find all of that info at the following links! **More Thursday Stock Market News** - [Is NIO Stock a Buy? Here’s What 5 Analysts Think About Nio Price Predictions.](https://investorplace.com/2022/01/is-nio-stock-a-buy-heres-what-5-analysts-think-about-nio-price-predictions/?utm_source=Nasdaq&utm_medium=referral) - [RIDE Stock Alert: 3 Reasons Investors Should Be Watching Lordstown Motors Now](https://investorplace.com/2022/01/ride-stock-alert-3-reasons-investors-should-be-watching-lordstown-motors-now/?utm_source=Nasdaq&utm_medium=referral) - [Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday](https://investorplace.com/2022/01/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-jan-27/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Airline Stocks: What Has LUV, JBLU, UAL and AAL Heading Higher Today](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 13.3354
Stock Price 2 days before: 13.995
Stock Price 1 day before: 14.1125
Stock Price at release: 13.5494
Risk-Free Rate at release: 0.0004
| 15.346 |
Broader Economic Information:
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA
Article: Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%. **Contact:** **Becky Coleridge****732-577-9996** ###### [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTM3MSM0Njk5NzA2IzUwMDA3MTc0NA==) [Image](https://ml.globenewswire.com/media/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==/tiny/Monmouth-Real-Estate-Investmen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fbe61113-8286-4974-ac63-97b9dddf4ffa) Source: Monmouth Real Estate Investment Corporation
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Date: 2022-01-28
Title: SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2021 PREFERRED DIVIDENDS
Article: AUSTIN, Texas, Jan. 28, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022. [](https://mma.prnewswire.com/media/233320/summit_hotel_properties_inc___logo.html) The Board of Directors has also authorized, and the Company has declared on behalf of the operating partnership, a cash dividend of $0.171354 per share of the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units that were issued on January 13, 2022, as part of the recently announced NewcrestImage portfolio acquisition. The dividends are payable on February 28, 2022, to holders of record as of February 14, 2022. **About Summit Hotel Properties** Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of January 28, 2022, the Company's portfolio consisted of 100 hotels, 61 of which are wholly owned, with a total of 15,051 guestrooms located in 24 states. For additional information, please visit the Company's website, [www.shpreit.com](https://c212.net/c/link/?t=0&l=en&o=3427490-1&h=2650064668&u=http%3A%2F%2Fwww.shpreit.com%2F&a=www.shpreit.com), and follow the Company on Twitter at @SummitHotel_INN. **Forward Looking Statements** This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. [Cision](https://c212.net/c/img/favicon.png?sn=DA45766&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html](https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html) SOURCE Summit Hotel Properties, Inc.
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: Matthews International (MATW) Tops Q1 Earnings and Revenue Estimates
Article: Matthews International (MATW) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.04%. A quarter ago, it was expected that this casket and memorial manufacturer would post earnings of $0.73 per share when it actually produced earnings of $0.80, delivering a surprise of 9.59%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Matthews International, which belongs to the Zacks Funeral Services industry, posted revenues of $438.58 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 13.74%. This compares to year-ago revenues of $386.66 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Matthews International shares have lost about 7.3% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Matthews International?**While Matthews International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MATW/earnings-calendar), the estimate revisions trend for Matthews International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $421.5 million in revenues for the coming quarter and $2.93 on $1.7 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Funeral Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hillenbrand (HI), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 2.This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Hillenbrand's revenues are expected to be $713 million, up 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Matthews International Corporation (MATW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MATW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Hillenbrand Inc (HI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858751/matthews-international-matw-tops-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: MNR
Security: Mach Natural Resources LP
Related Stocks/Topics: Unknown
Title: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%. **Contact:** **Becky Coleridge****732-577-9996** ###### [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTM3MSM0Njk5NzA2IzUwMDA3MTc0NA==) [Image](https://ml.globenewswire.com/media/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==/tiny/Monmouth-Real-Estate-Investmen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fbe61113-8286-4974-ac63-97b9dddf4ffa) Source: Monmouth Real Estate Investment Corporation
Stock Price 4 days before: 21.5404
Stock Price 2 days before: 20.8912
Stock Price 1 day before: 23.2371
Stock Price at release: 23.4859
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: TFIN
Security: Triumph Financial, Inc.
Related Stocks/Topics: Stocks
Title: Triumph Bancorp Inc Shares Close the Week 23.0% Lower - Weekly Wrap
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: Triumph Bancorp Inc ([TBK](https://kwhen.com/finance/profiles/TBK/summary))) shares closed this week 23.0% lower than it did at the end of last week. The stock is currently down 31.3% year-to-date, up 33.7% over the past 12 months, and up 196.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $94.26 and as low as $79.07 this week. - Shares closed 38.5% below its 52-week high and 47.5% above its 52-week low. - Trading volume this week was 42.6% lower than the 10-day average and 19.1% lower than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 3.2% lower than its 5-day moving average, 22.4% lower than its 20-day moving average, and 27.2% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price lags the performance of its peers in the Financials industry sector this week, beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by -3643.9% - The company's stock price performance over the past 12 months lags the peer average by -0.3% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 243.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
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Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Community West Bancshares Reports Fourth Quarter Earnings of $2.9 Million, or $0.33 Per Diluted Share, and Record Net Income of $13.1 Million, or $1.50 Per Diluted Share, for the Year; Declares Quarterly Cash Dividend of $0.07 Per Common Share
Article: GOLETA, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), today reported net income increased 10.2% to $2.9 million, or $0.33 per diluted share, for the fourth quarter, compared to $2.6 million, or $0.31 diluted share, for the fourth quarter of 2020, and decreased compared to $3.6 million, or $0.41 per diluted share, for the third quarter of 2021. For the full year 2021, the Company reported record net income of $13.1 million, or $1.50 per diluted share, an increase of 58.9% compared to $8.2 million, or $0.97 per diluted share, for the full year 2020. “We delivered excellent fourth quarter and full year 2021 financial results, highlighted by strong organic loan growth, record loan production, and solid revenue growth,” stated Martin E. Plourd, Chief Executive Officer. “The continued success of our outreach to new and existing clients during the quarter generated increased income and had a meaningful impact on loan generation with new loan commitments of $41.6 million in 4Q21 to offset SBA PPP loan forgiveness of $14.8 million. We continue to focus on deploying excess liquidity through increased lending activity, while closely monitoring our loan portfolio and asset quality metrics. As one of the last remaining community banks of scale along California's Central Coast, we believe we are operating from a position of strength as we enter 2022, and we will continue to work to create value for our shareholders, our clients and our communities.” **Fourth Quarter 2021 Financial Highlights:** - Net income was $2.9 million, or $0.33 per diluted share in the fourth quarter, compared to $3.6 million, or $0.41 per diluted share in third quarter, and $2.6 million, or $0.31 per diluted share in the fourth quarter of 2020. - Net interest income for the quarter was $10.7 million compared to $10.9 million in the third quarter and $9.8 million in the fourth quarter of 2020. - Provision expense for the fourth quarter was $26,000, compared to $7,000 in the prior quarter and a $44,000 negative provision in the fourth quarter of 2020. - The allowance for loan losses (“ALL”) was 1.20% of total loans held for investment at December 31, 2021, and 1.23% of total loans held for investment, excluding the $21.3 million of Paycheck Protection Program (“PPP”) loans which are 100% guaranteed by the Small Business Administration (“SBA”).* - Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, compared to $219.8 million at September 30, 2021, and $181.8 million at December 31, 2020. - Total loans increased $1.5 million to $892.1 million at December 31, 2021, compared to $890.6 million at September 30, 2021, and increased $34.5 million compared to $857.6 million at December 31, 2020. - Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. - The Bank’s Tier 1 leverage ratio was 8.56% at December 31, 2021, compared to 8.59% at September 30, 2021, and 9.29% at December 31, 2020. - Net non-accrual loans improved to $565,000 at December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. *Non GAAP **COVID-19 Pandemic and PPP loan Update** “Contributing to our success in 2021 was our continued participation in the SBA’s PPP program,” said Plourd. “As of December 31, 2021, we had 93 PPP loans totaling $21.3 million remaining on our balance sheet from both the first and second rounds of funding. During the fourth quarter of 2021, $14.8 million of the PPP loans were forgiven by the SBA. We recognized $483,000 of income in net fees related to PPP loans during the fourth quarter, compared to $1.0 million of income in net fees during the third quarter, and have $536,000 remaining in net unrecognized fees related to PPP loans that will be recognized as income through amortization or once the loans are paid off or forgiven by the SBA. As these loans are forgiven, we will use the liquidity to pursue new lending opportunities as well as focus on further reduction in funding costs.” “Our focus on delivering an exceptional client experience throughout the PPP process, from the initial loan origination to the forgiveness process, is helping bring in new clients. As of December 31, 2021, we had brought over 175 new clients to the Bank, and are already beginning to see success with developing full banking relationships with these new clients,” said William F. Filippin, President, of Community West Bank. The Company continues to closely monitor high-risk industry loans. The industries most heavily impacted include retail, healthcare, hospitality, schools and energy. The Company continues to evaluate loans related to affected industries, and at December 31, 2021, the Bank’s loans to these industries were $158.4 million, which is 17.8% of its $892.1 million loan portfolio. Of the selected industry loans, $918,000, or less than 1%, are on non-accrual at December 31, 2021, compared to $3.0 million at December 31, 2020. Also, of the selected industry loans, the classified loans are $13.4 million, or 8.5% at December 31, 2021, compared to $16.9 million or 9.4% at December 31, 2020. Additional detail by industry at December 31, 2021 is included in the table below. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & \\ \hline Sectors Under Focus (Excluding PPP Loans) \\ \hline As of 12/31/21 (in thousands) & & Loans Outstanding & & $ Non-accrual & % Non-accrual & & $ Classified & % Classified & & $ Deferrals & % Deferral \\ \hline Healthcare & $ & 50,126 & $ & - & 0.00 & % & $ & 1,995 & 3.98 & % & $ & - & 0.00 & % \\ \hline Senior/Assted Living Facilities & & 23,505 & & - & 0.00 & % & & & 0.00 & % & & - & 0.00 & % \\ \hline Medical Offices & & 16,769 & & - & 0.00 & % & & 233 & 1.39 & % & & - & 0.00 & % \\ \hline General Healthcare & & 9,852 & & - & 0.00 & % & & 1,762 & 17.88 & % & & - & 0.00 & % \\ \hline Hospitality & & 49,392 & & 918 & 1.86 & % & & 3,567 & 7.22 & % & & - & 0.00 & % \\ \hline Lodging & & 40,936 & & - & 0.00 & % & & 2,486 & 6.07 & % & & - & 0.00 & % \\ \hline Restaurants & & 8,456 & & 918 & 10.86 & % & & 1,081 & 12.78 & % & & - & 0.00 & % \\ \hline Retail Commercial Real Estate & 45,835 & & 0 & 0.00 & % & & 7,739 & 16.88 & % & & & 0.00 & % \\ \hline Retail Services & & 11,870 & & 0 & 0.00 & % & & 1 & 0.01 & % & & - & 0.00 & % \\ \hline Schools & & 1,115 & & 0 & 0.00 & % & & - & 0.00 & % & & - & 0.00 & % \\ \hline Energy & & 85 & & 0 & 0.00 & % & & 85 & 100.00 & % & & - & 0.00 & % \\ \hline Total & $ & 158,423 & $ & 918 & 0.58 & % & $ & 13,387 & 8.45 & % & $ & - & 0.00 & % \\ \hline \end{table} **Income Statement** Net interest income totaled $10.7 million in fourth quarter, compared to $10.9 million in third quarter, and $9.8 million in the fourth quarter of 2020. For the full year 2021, net interest income increased 15.8% to $42.4 million, compared to $36.6 million in 2020. Net interest margin was 3.77% for fourth quarter, a 20-basis point contraction compared to the third quarter, and a 36-basis point contraction compared to fourth quarter of 2020. “Despite a 10-basis point benefit from PPP loan payoffs for the fourth quarter of 2021, net interest margin was negatively impacted by excess balance sheet liquidity,” said Richard Pimentel, Chief Financial Officer. The cost of funds for the fourth quarter decreased 5-basis points to 0.31%, compared to 0.36% for the third quarter, and improved by 23-basis points compared to 0.54% for the fourth quarter of 2020. PPP loans included fees accounted for 10 basis points of net interest margin for the fourth quarter compared to 25-basis points in the third quarter, and 6 basis points in the fourth quarter of 2020. For the year 2021, the net interest margin expanded 14-basis points to 4.03%, compared to 3.89% for 2020. Income from PPP loans contributed 13-basis points to the net interest margin in 2021 compared to 6-basis points in 2020. Non-interest income totaled $944,000 in fourth quarter, compared to $1.0 million in third quarter, and $970,000 in fourth quarter of 2020. The decrease in the fourth quarter was primarily due to lower loan fees, servicing revenues and less revenue from loan sales. Other loan fees were $343,000 for the fourth quarter, compared to $383,000 in the third quarter and $383,000 in the fourth quarter of 2020. Gain on sale of loans was $109,000 in fourth quarter, compared to $118,000 in the third quarter and $209,000 in fourth quarter of 2020. Non-interest income was $3.8 million for the year 2021, compared to $3.9 million for the year 2020, with the decrease during the year largely due to a reduction in loan fees and lower gain on sale of loans partially offset by an increase in other income related to increases in serving revenue and fair value adjustments on investments held at fair value. Non-interest expense totaled $7.6 million in fourth quarter, compared to $6.9 million in third quarter, and $7.1 million in fourth quarter of 2020. The Company’s efficiency ratio was 65.23% for fourth quarter, compared to 57.31% for third quarter, and 65.68% for the fourth quarter of 2020. For the full year 2021, non-interest expense was $28.0 million, compared to $27.5 million in 2020. The Company continues to focus on expense control and gaining efficiencies through use of technology and process improvement. The efficiency ratio for the full year 2021 was 60.69% compared to 67.96% for the full year 2020. **Balance Sheet** Total assets increased $21.5 million, or 1.9%, to $1.16 billion at December 31, 2021, compared to $1.14 billion, at September 30, 2021, and increased $181.6 million, or 18.6%, compared to $975.4 million, at December 31, 2020. Total loans increased by $1.5 million, to $892.1 million at December 31, 2021, compared to $890.6 million, at September 30, 2021, and increased $34.5 million, or 4.0%, compared to $857.6 million, at December 31, 2020. Total loans, excluding PPP loans, increased $16.3 million during the quarter, or 1.9%, and increased $82.7 million, or 10.5%, compared to December 31, 2020. Commercial real estate loans outstanding (which include SBA 504, construction and land) were up 19.6% from year ago levels to $480.8 million at December 31, 2021, and comprise 53.9% of the total loan portfolio. Manufactured housing loans were up 6.1% from year ago levels to $297.4 million and represent 33.3% of total loans. PPP loans were $21.3 million at December 31, 2021, and represent 2.4% of total loans, down from $36.1 million at September 30, 2021, and $69.5 million at December 31, 2020. Commercial loans (which include agriculture loans) were down 10.4% from year ago levels to $72.4 million and represent 8.1% of the total loan portfolio. Total deposits increased $18.2 million, or 2.0%, to $950.1 million at December 31, 2021, compared to $931.9 million at September 30, 2021, and increased $183.9 million, or 24.0%, compared to $766.2 million at December 31, 2020. Non-interest-bearing demand deposits were $209.9 million at December 31, 2021, a $9.9 million decrease compared to $219.8 million at September 30, 2021, and a $28.1 million increase compared to $181.8 million at December 31, 2020. Interest-bearing demand deposits increased $29.5 million to $537.5 million at December 31, 2021, compared to $508.0 million at September 30, 2021, and increased $139.4 million compared to $398.1 million at December 31, 2020. Certificates of deposit, which include brokered deposits, decreased $3.8 million during the quarter to $179.1 million at December 31, 2021, compared to $182.9 million at September 30, 2021, and increased $11.5 million compared to $167.5 million at December 31, 2020. Stockholders’ equity increased to $101.4 million at December 31, 2021, compared to $98.8 million at September 30, 2021, and $89.0 million at December 31, 2020. Book value per common share increased to $11.72 at December 31, 2021, compared to $11.46 at September 30, 2021, and $10.50 at December 31, 2020. **Credit Quality** “Credit quality metrics improved during the quarter, with a substantial decrease in net-nonaccrual loans,” said Plourd. “We continue to closely monitor our loan portfolio and have elevated credit monitoring structures in place. Our disciplined approach of managing potential problem loans early has helped to keep us from incurring losses. This conservative loan grading system is a strategy that we put in place years ago and is reflective in our historic low loss ratio.” At December 31, 2021, asset quality reflected improvement due to positive loan risk rating migrations during the fourth quarter. Total classified loans decreased year-over-year due to proactive risk rating of loans showing signs of financial stress during the pandemic, while net non-accrual loans also decreased year over year. All loans rated “Watch” or worse are monitored monthly and proactive measures are taken when any signs of deterioration to the credit are discovered. The Company recorded a provision expense of $26,000 in the fourth quarter compared to a provision expense of $7,000 in third quarter and a negative provision expense of $44,000 in the fourth quarter of 2020. The allowance for credit losses, including the reserve for undisbursed loans, was $10.5 million, or 1.20% of total loans held for investment, at December 31, 2021, and 1.23% of total loans held for investment excluding PPP loans. Net non-accrual loans, plus net other assets acquired through foreclosure, decreased 28.5% to $3.1 million at December 31, 2021, compared to $4.3 million at September 30, 2021, and decreased 50.9% compared to $6.3 million at December 31, 2020. There was $565,000 in net non-accrual loans as of December 31, 2021, compared to $1.7 million at September 30, 2021, and $3.7 million at December 31, 2020. Of the $565,000 of net non-accrual loans at December 31, 2021, $1,000 were SBA 504 loans, $306,000 were manufactured housing loans, and $258,000 were single family real estate loans. There was $2.5 million in other assets acquired through foreclosure as of December 31, 2021, compared to $2.6 million at September 30, 2021, and at December 31, 2020. The majority of this balance relates to one property in the amount of $2.3 million. **Cash Dividend Declared** The Company’s Board of Directors declared a quarterly cash dividend of $0.07 per common share, payable February 28, 2022 to common shareholders of record on February 11, 2022. **Stock Repurchase Program** On August 27, 2021, the Company announced that its Board of Directors had extended the stock repurchase plan until August 31, 2023. The Company did not repurchase shares during the fourth quarter of 2021, leaving $1.4 million available under the previously announced repurchase program. **Company Overview** Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company is the holding company for Community West Bank, the largest publicly traded community bank serving California’s Central Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Community West Bank has seven full-service California branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard and Paso Robles. The principal business activities of the Company are Relationship Banking, Manufactured Housing lending and Government Guaranteed lending. **Industry Accolades** Community West was named to Piper Sandler’s Bank and Thrift Sm-All Stars – Class of 2021. This award recognized Community West as one of the top 35 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion. Community West Bank was awarded a “Super Premier Performance” rating by The Findley Reports. For 52 years, The Findley Reports has been recognizing the financial performance of banking institutions in California and the Western United States. Community West Bank is rated 5-star Superior by Bauer Financial. **Safe Harbor Disclosure** This release contains certain forward-looking statements about the Company and the Bank that are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about future financial and operational results, expectations, or intentions are forward-looking statements. Such statements reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, risks from the COVID-19 pandemic, the strength of the United States economy in general and of the local economies in which we conduct operations, the effect of, and changes in, trade, monetary and fiscal policies and laws, including changes in interest rate policies of the Board of Governors of the Federal Reserve System, inflation, weather, natural disasters, climate change, increased unemployment, deterioration in credit quality of our loan portfolio and/or the value of the collateral securing the repayment of those loans, reduction in the value of our investment securities, the costs and effects of litigation and of adverse outcomes of such litigation, the cost and ability to attract and retain key employees, a breach of our operational or security systems, policies or procedures including cyber-attacks on us or third party vendors or service providers, regulatory or legal developments, United States tax policies, including our effective income tax rate, and our ability to implement and execute our business plan and strategy and expand our operations as provided therein. Actual results may differ materially from those set forth or implied in the forward-looking statements as a result of a variety of factors including the risk factors contained in documents filed by the Company with the Securities and Exchange Commission and are available in the “Investor Relations” section of our website, [https://www.communitywest.com/sec-filings/documents/default.aspx](https://www.communitywest.com/sec-filings/documents/default.aspx). The Company is under no obligation (and expressly disclaims any obligation) to update or alter such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & \\ \hline CONDENSED CONSOLIDATED BALANCE SHEETS & & & & & & & \\ \hline (unaudited) & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & \\ \hline & & & & & & & \\ \hline & & December 31, & September 30, & & December 31, & \\ \hline & & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline & & & & & & & \\ \hline Cash and cash equivalents & & $ & 1,621 & & & $ & 2,129 & & & $ & 1,587 & & \\ \hline Interest-earning deposits in other financial institutions & & & 206,754 & & & & 184,806 & & & & 58,953 & & \\ \hline Investment securities & & & 22,773 & & & & 23,608 & & & & 22,043 & & \\ \hline Loans: & & & & & & & \\ \hline Commercial & & & 72,423 & & & & 66,713 & & & & 80,851 & & \\ \hline Commercial real estate & & & 480,801 & & & & 473,338 & & & & 402,148 & & \\ \hline SBA & & & 8,580 & & & & 9,589 & & & & 11,851 & & \\ \hline Paycheck Protection Program (PPP) & & & 21,317 & & & & 36,109 & & & & 69,542 & & \\ \hline Manufactured housing & & & 297,363 & & & & 292,476 & & & & 280,284 & & \\ \hline Single family real estate & & & 8,663 & & & & 8,659 & & & & 10,358 & & \\ \hline HELOC & & & 3,579 & & & & 3,717 & & & & 3,861 & & \\ \hline Other (1) & & & (643 & ) & & & (6 & ) & & & (1,318 & ) & \\ \hline Total loans & & & 892,083 & & & & 890,595 & & & & 857,577 & & \\ \hline & & & & & & & \\ \hline Loans, net & & & & & & & \\ \hline Held for sale & & & 23,408 & & & & 24,400 & & & & 31,229 & & \\ \hline Held for investment & & & 868,675 & & & & 866,195 & & & & 826,348 & & \\ \hline Less: Allowance for loan losses & & & (10,404 & ) & & & (10,283 & ) & & & (10,194 & ) & \\ \hline Net held for investment & & & 858,271 & & & & 855,912 & & & & 816,154 & & \\ \hline NET LOANS & & & 881,679 & & & & 880,312 & & & & 847,383 & & \\ \hline & & & & & & & \\ \hline Other assets & & & 44,225 & & & & 44,735 & & & & 45,469 & & \\ \hline & & & & & & & \\ \hline TOTAL ASSETS & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Deposits & & & & & & & \\ \hline Non-interest-bearing demand & & $ & 209,893 & & & $ & 219,826 & & & $ & 181,837 & & \\ \hline Interest-bearing demand & & & 537,508 & & & & 508,020 & & & & 398,101 & & \\ \hline Savings & & & 23,675 & & & & 21,202 & & & & 18,736 & & \\ \hline Certificates of deposit ($250,000 or more) & & & 17,612 & & & & 15,956 & & & & 30,536 & & \\ \hline Other certificates of deposit & & & 161,443 & & & & 166,938 & & & & 136,975 & & \\ \hline Total deposits & & & 950,131 & & & & 931,942 & & & & 766,185 & & \\ \hline Other borrowings & & & 90,000 & & & & 90,000 & & & & 105,000 & & \\ \hline Other liabilities & & & 15,546 & & & & 14,881 & & & & 15,243 & & \\ \hline TOTAL LIABILITIES & & & 1,055,677 & & & & 1,036,823 & & & & 886,428 & & \\ \hline & & & & & & & \\ \hline Stockholders' equity & & & 101,375 & & & & 98,767 & & & & 89,007 & & \\ \hline & & & & & & & \\ \hline TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY & & $ & 1,157,052 & & & $ & 1,135,590 & & & $ & 975,435 & & \\ \hline & & & & & & & \\ \hline Common shares outstanding & & & 8,650 & & & & 8,616 & & & & 8,473 & & \\ \hline & & & & & & & \\ \hline Book value per common share & & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & \\ \hline & & & & & & & \\ \hline (1) Includes consumer, other loans, securitized loans, and deferred fees & & & & & & & \\ \hline & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & \\ \hline & & & Three Months Ended & \\ \hline & & & December 31, & & September 30, & & June 30, & & March 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2021 & & 2021 & & 2020 & \\ \hline & & & & & & & & & & & & \\ \hline Interest income & & & & & & & & & & & & \\ \hline Loans, including fees & & & $ & 11,258 & & $ & 11,576 & & $ & 11,433 & & & $ & 10,856 & & & $ & 10,790 & & \\ \hline Investment securities and other & & & & 279 & & & 259 & & & 218 & & & & 199 & & & & 196 & & \\ \hline Total interest income & & & & 11,537 & & & 11,835 & & & 11,651 & & & & 11,055 & & & & 10,986 & & \\ \hline & & & & & & & & & & & & \\ \hline Deposits & & & & 614 & & & 708 & & & 771 & & & & 742 & & & & 815 & & \\ \hline Other borrowings & & & & 206 & & & 198 & & & 194 & & & & 271 & & & & 378 & & \\ \hline Total interest expense & & & & 820 & & & 906 & & & 965 & & & & 1,013 & & & & 1,193 & & \\ \hline Net interest income & & & & 10,717 & & & 10,929 & & & 10,686 & & & & 10,042 & & & & 9,793 & & \\ \hline Provision (credit) for loan losses & & & & 26 & & & 7 & & & (41 & ) & & & (173 & ) & & & (44 & ) & \\ \hline Net interest income after provision for loan losses & & & & 10,691 & & & 10,922 & & & 10,727 & & & & 10,215 & & & & 9,837 & & \\ \hline Non-interest income & & & & & & & & & & & & \\ \hline Other loan fees & & & & 343 & & & 383 & & & 310 & & & & 313 & & & & 383 & & \\ \hline Gains from loan sales, net & & & & 109 & & & 118 & & & 130 & & & & 118 & & & & 209 & & \\ \hline Document processing fees & & & & 123 & & & 145 & & & 138 & & & & 106 & & & & 129 & & \\ \hline Service charges & & & & 84 & & & 77 & & & 74 & & & & 67 & & & & 83 & & \\ \hline Other & & & & 285 & & & 317 & & & 220 & & & & 293 & & & & 166 & & \\ \hline Total non-interest income & & & & 944 & & & 1,040 & & & 872 & & & & 897 & & & & 970 & & \\ \hline Non-interest expenses & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & & 4,884 & & & 4,478 & & & 4,379 & & & & 4,565 & & & & 4,594 & & \\ \hline Occupancy, net & & & & 893 & & & 802 & & & 780 & & & & 779 & & & & 751 & & \\ \hline Professional services & & & & 441 & & & 434 & & & 430 & & & & 340 & & & & 399 & & \\ \hline Data processing & & & & 251 & & & 292 & & & 332 & & & & 340 & & & & 254 & & \\ \hline Depreciation & & & & 186 & & & 191 & & & 198 & & & & 205 & & & & 202 & & \\ \hline FDIC assessment & & & & 146 & & & 127 & & & 121 & & & & 91 & & & & 165 & & \\ \hline Advertising and marketing & & & & 198 & & & 189 & & & 164 & & & & 183 & & & & 110 & & \\ \hline Stock-based compensation & & & & 129 & & & 63 & & & 58 & & & & 68 & & & & 68 & & \\ \hline Other & & & & 478 & & & 284 & & & 207 & & & & 289 & & & & 526 & & \\ \hline Total non-interest expenses & & & & 7,606 & & & 6,860 & & & 6,669 & & & & 6,860 & & & & 7,069 & & \\ \hline Income before provision for income taxes & & & & 4,029 & & & 5,102 & & & 4,930 & & & & 4,252 & & & & 3,738 & & \\ \hline Provision for income taxes & & & & 1,135 & & & 1,467 & & & 1,379 & & & & 1,231 & & & & 1,111 & & \\ \hline Net income & & & $ & 2,894 & & $ & 3,635 & & $ & 3,551 & & & $ & 3,021 & & & $ & 2,627 & & \\ \hline Earnings per share: & & & & & & & & & & & & \\ \hline Basic & & & $ & 0.34 & & $ & 0.42 & & $ & 0.42 & & & $ & 0.36 & & & $ & 0.31 & & \\ \hline Diluted & & & $ & 0.33 & & $ & 0.41 & & $ & 0.41 & & & $ & 0.35 & & & $ & 0.31 & & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline COMMUNITY WEST BANCSHARES & & & & & & & & & \\ \hline CONDENSED CONSOLIDATED INCOME STATEMENTS & & & & & & & & & \\ \hline (unaudited) & & & & & & & & & \\ \hline (in 000's, except per share data) & & & & & & & & & \\ \hline & & & & & & & & & \\ \hline & & Three Months Ended & & Twelve Months Ended & \\ \hline & & December 31, & December 31, & December 31, & December 31, \\ \hline & & 2021 & & 2020 & & & 2021 & & 2020 & \\ \hline & & & & & & & & & \\ \hline Interest income & & & & & & & & & \\ \hline Loans, including fees & & $ & 11,258 & & $ & 10,790 & & & $ & 45,123 & & & $ & 42,948 & \\ \hline Investment securities and other & & & 279 & & & 196 & & & & 955 & & & & 906 & \\ \hline Total interest income & & & 11,537 & & & 10,986 & & & & 46,078 & & & & 43,854 & \\ \hline & & & & & & & & & \\ \hline Deposits & & & 614 & & & 815 & & & & 2,835 & & & & 5,483 & \\ \hline Other borrowings & & & 206 & & & 378 & & & & 869 & & & & 1,782 & \\ \hline Total interest expense & & & 820 & & & 1,193 & & & & 3,704 & & & & 7,265 & \\ \hline Net interest income & & & 10,717 & & & 9,793 & & & & 42,374 & & & & 36,589 & \\ \hline Provision (credit) for loan losses & & & 26 & & & (44 & ) & & & (181 & ) & & & 1,223 & \\ \hline Net interest income after provision for loan losses & & & 10,691 & & & 9,837 & & & & 42,555 & & & & 35,366 & \\ \hline Non-interest income & & & & & & & & & \\ \hline Other loan fees & & & 343 & & & 383 & & & & 1,349 & & & & 1,546 & \\ \hline Gains from loan sales, net & & & 109 & & & 209 & & & & 475 & & & & 920 & \\ \hline Document processing fees & & & 123 & & & 129 & & & & 512 & & & & 513 & \\ \hline Service charges & & & 84 & & & 83 & & & & 302 & & & & 354 & \\ \hline Other & & & 285 & & & 166 & & & & 1,115 & & & & 579 & \\ \hline Total non-interest income & & & 944 & & & 970 & & & & 3,753 & & & & 3,912 & \\ \hline Non-interest expenses & & & & & & & & & \\ \hline Salaries and employee benefits & & & 4,884 & & & 4,594 & & & & 18,306 & & & & 17,968 & \\ \hline Occupancy, net & & & 893 & & & 751 & & & & 3,254 & & & & 3,036 & \\ \hline Professional services & & & 441 & & & 399 & & & & 1,645 & & & & 1,801 & \\ \hline Data processing & & & 251 & & & 254 & & & & 1,215 & & & & 1,055 & \\ \hline Depreciation & & & 186 & & & 202 & & & & 780 & & & & 821 & \\ \hline FDIC assessment & & & 146 & & & 165 & & & & 485 & & & & 565 & \\ \hline Advertising and marketing & & & 198 & & & 110 & & & & 734 & & & & 673 & \\ \hline Stock-based compensation & & & 129 & & & 68 & & & & 318 & & & & 319 & \\ \hline Other & & & 478 & & & 526 & & & & 1,258 & & & & 1,285 & \\ \hline Total non-interest expenses & & & 7,606 & & & 7,069 & & & & 27,995 & & & & 27,523 & \\ \hline Income before provision for income taxes & & & 4,029 & & & 3,738 & & & & 18,313 & & & & 11,755 & \\ \hline Provision for income taxes & & & 1,135 & & & 1,111 & & & & 5,212 & & & & 3,510 & \\ \hline Net income & & $ & 2,894 & & $ & 2,627 & & & $ & 13,101 & & & $ & 8,245 & \\ \hline Earnings per share: & & & & & & & & & \\ \hline Basic & & $ & 0.34 & & $ & 0.31 & & & $ & 1.53 & & & $ & 0.97 & \\ \hline Diluted & & $ & 0.33 & & $ & 0.31 & & & $ & 1.50 & & & $ & 0.97 & \\ \hline & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ADDITIONAL FINANCIAL INFORMATION & & & & & & & & & & \\ \hline (Dollars and shares in thousands except per share amounts)(Unaudited) & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline PERFORMANCE MEASURES AND RATIOS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Return on average common equity & & 11.42 & % & & & 14.77 & % & & & 11.85 & % & & & 13.68 & % & & & 9.70 & % & \\ \hline Return on average assets & & 0.99 & % & & & 1.28 & % & & & 1.07 & % & & & 1.21 & % & & & 0.85 & % & \\ \hline Efficiency ratio & & 65.23 & % & & & 57.31 & % & & & 65.68 & % & & & 60.69 & % & & & 67.96 & % & \\ \hline Net interest margin & & 3.77 & % & & & 3.97 & % & & & 4.13 & % & & & 4.03 & % & & & 3.89 & % & \\ \hline & & & & & & & & & & \\ \hline & Three Months Ended & & Twelve Months Ended & \\ \hline AVERAGE BALANCES & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & Dec 31, 2021 & & Dec 31, 2020 & \\ \hline Average assets & $ & 1,157,909 & & & $ & 1,123,598 & & & $ & 977,736 & & & $ & 1,082,560 & & & $ & 972,019 & & \\ \hline Average earning assets & & 1,126,473 & & & & 1,091,792 & & & & 944,073 & & & & 1,050,829 & & & & 940,993 & & \\ \hline Average total loans & & 888,519 & & & & 882,058 & & & & 845,620 & & & & 884,601 & & & & 831,863 & & \\ \hline Average deposits & & 950,601 & & & & 920,165 & & & & 726,223 & & & & 876,397 & & & & 730,884 & & \\ \hline Average common equity & & 100,579 & & & & 97,636 & & & & 88,171 & & & & 95,770 & & & & 85,027 & & \\ \hline & & & & & & & & & & \\ \hline EQUITY ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Total common equity & $ & 101,375 & & & $ & 98,767 & & & $ & 89,007 & & & & & & \\ \hline Common stock outstanding & & 8,650 & & & & 8,616 & & & & 8,473 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Book value per common share & $ & 11.72 & & & $ & 11.46 & & & $ & 10.50 & & & & & & \\ \hline & & & & & & & & & & \\ \hline ASSET QUALITY & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Nonaccrual loans, net & $ & 565 & & & $ & 1,742 & & & $ & 3,665 & & & & & & \\ \hline Nonaccrual loans, net/total loans & & 0.06% & & & & 0.20% & & & & 0.43% & & & & & & \\ \hline Other assets acquired through foreclosure, net & $ & 2,518 & & & $ & 2,572 & & & $ & 2,614 & & & & & & \\ \hline & & & & & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net & $ & 3,083 & & & $ & 4,314 & & & $ & 6,279 & & & & & & \\ \hline Nonaccrual loans plus other assets acquired through foreclosure, net/total assets & & 0.27% & & & & 0.38% & & & & 0.64% & & & & & & \\ \hline Net loan (recoveries)/charge-offs in the quarter & $ & (96) & & & $ & (36) & & & $ & (41) & & & & & & \\ \hline Net (recoveries)/charge-offs in the quarter/total loans & & (0.01%) & & & & (0.00%) & & & & (0.00%) & & & & & & \\ \hline & & & & & & & & & & \\ \hline Allowance for loan losses & $ & 10,404 & & & $ & 10,283 & & & $ & 10,194 & & & & & & \\ \hline Plus: Reserve for undisbursed loan commitments & & 94 & & & & 106 & & & & 92 & & & & & & \\ \hline Total allowance for credit losses & $ & 10,498 & & & $ & 10,389 & & & $ & 10,286 & & & & & & \\ \hline Allowance for loan losses/total loans held for investment & & 1.20% & & & & 1.19% & & & & 1.23% & & & & & & \\ \hline Allowance for loan losses/total loans held for investment excluding PPP loans & & 1.23% & & & & 1.24% & & & & 1.35% & & & & & & \\ \hline Allowance for loan losses/nonaccrual loans, net & & 1842.50% & & & & 590.34% & & & & 278.14% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Community West Bank * & & & & & & & & & & \\ \hline Community bank leverage ratio & N/A & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 leverage ratio & & 8.56% & & & & 8.59% & & & & 9.29% & & & & & & \\ \hline Tier 1 capital ratio & & 11.02% & & & & 10.93% & & & & 11.02% & & & & & & \\ \hline Total capital ratio & & 12.19% & & & & 12.11% & & & & 12.27% & & & & & & \\ \hline & & & & & & & & & & \\ \hline INTEREST SPREAD ANALYSIS & Dec 31, 2021 & & Sep 30, 2021 & & Dec 31, 2020 & & & & & \\ \hline Yield on total loans & & 5.03% & & & & 5.21% & & & & 5.08% & & & & & & \\ \hline Yield on investments & & 2.78% & & & & 2.68% & & & & 2.46% & & & & & & \\ \hline Yield on interest earning deposits & & 0.16% & & & & 0.16% & & & & 0.15% & & & & & & \\ \hline Yield on earning assets & & 4.06% & & & & 4.30% & & & & 4.63% & & & & & & \\ \hline & & & & & & & & & & \\ \hline Cost of interest-bearing deposits & & 0.34% & & & & 0.40% & & & & 0.60% & & & & & & \\ \hline Cost of total deposits & & 0.26% & & & & 0.31% & & & & 0.45% & & & & & & \\ \hline Cost of borrowings & & 0.91% & & & & 0.87% & & & & 1.03% & & & & & & \\ \hline Cost of interest-bearing liabilities & & 0.40% & & & & 0.45% & & & & 0.69% & & & & & & \\ \hline Cost of funds & & 0.31% & & & & 0.36% & & & & 0.54% & & & & & & \\ \hline & & & & & & & & & & \\ \hline * Capital ratios are preliminary until the Call Report is filed. & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \end{table} Contact: Richard Pimentel, EVP & CFO805.692.4410 [www.communitywestbank.com](https://www.globenewswire.com/Tracker?data=-B4WGEmcZ6KNxr2DA0bbDxeBL3dHCkBTRhDzIkAkueHAgHE4JLuoCvFieD3jzJh5V6bkkzOeO8mx_94wwEhd1tJuMZ3LdWzGIqBmpWia_Wc=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3MSM0Njk3OTAwIzIwMjY5Mjg=) [Image](https://ml.globenewswire.com/media/MTNlNjAxYzUtZTNjNC00OGE4LWE1NmUtYWI5MGQ5NTBlMjVhLTEwMzc5MTc=/tiny/Community-West-Bancshares.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/3f35e601-88c2-47ed-8232-7bcc77694726) Source: Community West Bancshares
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Article: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: First Business Announces 10% Increase in Quarterly Cash Dividend
Article: MADISON, Wis.--(BUSINESS WIRE)-- First Business Financial Services, Inc. (“First Business”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.1975 per share which is equivalent to a dividend yield of 2.57% based on Thursday’s market close price of $30.71. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2021, and based on fourth quarter 2021 earnings per share, a dividend payout ratio of 17.0%. This regular cash dividend is payable on February 17, 2022 to shareholders of record at the close of business on February 7, 2022.“First Business’ growth in revenue and earnings in 2021, and our expectations for 2022 and beyond, readily support the Company’s 10th consecutive annual increase in the dividend,” President and Chief Executive Officer, Corey Chambas said. “Even after investing in the business, including our high-growth specialized lending offerings, we remain focused on our continuing commitment to drive shareholder value by providing a meaningful return to shareholders through quarterly cash dividends.”**About First Business Financial Services, Inc. **First Business Financial Services, Inc., (Nasdaq: FBIZ) is the parent company of First Business Bank. First Business Bank specializes in Business Banking, including Commercial Banking and Specialized Lending, Private Wealth, and Bank Consulting services, and through its refined focus, delivers unmatched expertise, accessibility, and responsiveness. Specialized Lending solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. For additional information, visit firstbusiness.bank.This press release includes “forward-looking” statements related to First Business Financial Services, Inc. that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s 2020 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005460r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005460/en/](https://www.businesswire.com/news/home/20220128005460/en/) Edward G. Sloane, Jr. Chief Financial Officer First Business Financial Services, Inc. 608-232-5970 [[email protected]](mailto:[email protected]) Source: First Business Financial Services, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Date: 2022-01-28
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Date: 2022-01-28
Title: Epizyme (EPZM) Stock Dives on Public Offering of Common Stock
Article: **Epizyme** [EPZM](https://www.nasdaq.com/market-activity/stocks/epzm) announced that it is floating a secondary issue of 56,666,667 shares of its common stock to the public at an issue price of $1.50 per share (excluding underwriting discounts), approximately amounting to $85 million.EPZM also granted an option to underwriters of the issue to purchase an additional 8.5 million shares at the same price. Epizyme plans to use the net proceeds from this new issue combined with its existing cash balance to fund the clinical studies (both ongoing and planned) of its pipeline candidates. The studies include the confirmatory studies evaluating tazemetostat for follicular lymphoma (FL) and epithelioid sarcoma (ES) indications and the basket studies evaluating tazemetostat across multiple new types of hematological malignancies and solid tumors.EPZM will also use the funds from the proceeds to accelerate the commercial adoption of Tazverik. In 2020, tazemetostat was granted an approval by the FDA under an accelerated pathway to treat ES and FL indications. Tazemetostat is marketed by Epizyme under the trade name Tazverik, which is currently the only FDA-approved drug in the company’s portfolio of marketed drugs.Epizyme will also use the proceeds to expand its pipeline and for its general corporate purposes, including working capital requirements.Shares of Epizyme plummeted 44.2% on Jan 27 after the announcement. The fall in share price was likely attributable to the issuance of a large number of shares, which dilutes Epizyme’s current shareholder base. Per an SEC filing by EPZM, its common stock outstanding as of Dec 31, 2021, is approximately 106 million. Notably, the secondary issue accounts for the issuance of the common stock, which is more than half of this figure. Moreover, the issue price per share of $1.50 also did not go well with investors. As a matter of fact, the issue price is at a 21% discount to the closing price on Jan 26, wherein the stock closed at $1.90.Epizyme’s stock has plunged 90.7% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 39.7% decline. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/fd/16830.jpg?v=2115749523) Image Source: Zacks Investment ResearchThe secondary offering is expected to close on Jan 31, 2021.We note that while the equity issue could not cheer investors, it does give a boost to Epizyme’s existing cash balance. Earlier this month, EPZM provided some information on its financial guidance for 2022. It expects the current cash runway to extend into fourth-quarter 2022, after taking into account the expected adjusted operating expenses for the current year. Operating expenses are estimated in the range of $170-$190 million.Apart from tazemetostat, Epizyme has another pipeline candidate, EZM0414, an oral SETD2 inhibitor, which is being evaluated in a phase I/Ib study for relapsed/refractory multiple myeloma and diffuse large B-cell lymphoma indications. **Epizyme, Inc. Price** [](https://www.zacks.com/stock/chart/EPZM/fundamental/price?icid=chart-EPZM-fundamental/price)[Epizyme, Inc. price](https://www.zacks.com/stock/chart/EPZM/fundamental/price?icid=chart-EPZM-fundamental/price) | [Epizyme, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/epzm) **Zacks Rank & Stocks to Consider** Epizyme currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the biotech sector are **Alkermes** [ALKS](https://www.nasdaq.com/market-activity/stocks/alks), **Axsome Therapeutics** [AXSM](https://www.nasdaq.com/market-activity/stocks/axsm) and **Vir Biotechnology** [VIR](https://www.nasdaq.com/market-activity/stocks/vir). While Alkermes and Vir Biotechnology each sport a Zacks Rank #1 (Strong Buy) at present, Axsome Therapeutics currently carries a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Alkermes’ earnings per share estimates for 2022 have increased from 70 cents to 71 cents in the past 60 days. Shares of Alkermes have risen 15.9% in the past year.Earnings of Alkermes beat estimates in all the last four quarters, the average being 147%.Axsome Therapeutics’ loss per share estimates for 2022 have narrowed from $3.67 to $3.64 in the past 60 days.Earnings of Axsome Therapeutics beat estimates in three of the last four quarters while the same missed the mark on one occasion, the average surprise being 0.6%. Vir Biotechnology’s bottom-line estimates for 2022 have been revised from a loss of 47 cents per share to earnings of $6.82 in the past 60 days.Earnings of Vir Biotechnology beat estimates in two of the last four quarters, missing the mark on the other two occasions, the average surprise being 13%. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_256_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Alkermes plc (ALKS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALKS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Epizyme, Inc. (EPZM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EPZM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Axsome Therapeutics, Inc. (AXSM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AXSM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Vir Biotechnology, Inc. (VIR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VIR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859344/epizyme-epzm-stock-dives-on-public-offering-of-common-stock?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend
Article: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: 3 Top Stocks From the Prospering Consulting Services Industry
Article: Encouraging manufacturing and service activities, along with the increased adoption and success of the work-from-home trend, are enabling the Zacks [Consulting Services](https://www.zacks.com/stocks/industry-rank/industry/consulting-services-277) industry to support the demand environment. Gradual economic recovery backed by increased vaccination drives is boosting demand.Service demand, innovation and acquisitions are helping **Accenture plc** [ACN](https://www.nasdaq.com/market-activity/stocks/acn), **CBIZ, Inc.** [CBZ](https://www.nasdaq.com/market-activity/stocks/cbz) and **Franklin Covey Co.** [FC](https://www.nasdaq.com/market-activity/stocks/fc) sail through these testing times. **About the Industry** Companies grouped under the Consulting Services category offer professional advice in management, IT, human resources, environmental regulations, logistics and marketing, real estate, serving multiple end markets. The space includes prominent names such as Accenture and **Gartner** [IT](https://www.nasdaq.com/market-activity/stocks/it). Amid the pandemic, key focus within the industry is currently on channelizing money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making. To position themselves suitably in the post-pandemic era and better utilize the opportunities that the economic recovery will bring, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets. **What's Shaping the Future of Consulting Services Industry?****Exponential Growth:** This multi-billion-dollar industry has witnessed exponential growth since the 2008 financial crisis, enjoying a steady rate of revenue, profit and cash-flow growth. Consequently, the trend has enabled most industry players to pay out stable dividends. **Pandemic Resiliency:** Consulting services is one of the least pandemic-affected industries. This is because, amid such a volatile situation, organizations have increased their search for advice that can help protect their employees and stay closer to consumers and shareholders. Further, this industry is one of the earliest pioneers of remote working that has now become an integral part of the new normal. The nature of work enables industry players to function efficiently through the increased use of technology. **Non-stop Service Demand:**The sector is a major beneficiary of the economy, which is gradually gathering strength. A steady recovery is evident from the fourth-quarter 2021 GDP number, which according to the "advance" estimate released by the Bureau of Economic Analysis, grew at an annual rate of 6.9% compared with the increase of 2.3% in the third quarter. With manufacturing and service activities in the pink, the demand for services is rising steadily. Although the economic activity in the manufacturing sector shrunk 2.4% from November to December, with the Manufacturing PMI measured by the Institute for Supply Management (ISM) touching 58.7%, the reading of above 50% marked the 19th consecutive month of expansion. Non-manufacturing activities declined 7.1% in December from November’s all-time high of 69.1, as the Services PMI measured by the ISM touched 62%. With a reading above 50%, this is the 19th consecutive month of expansion of service activities. **Zacks Industry Rank Indicates Bright Prospects** The Consulting Services industry, which is housed within the broader [Business Services ](https://www.zacks.com/stocks/industry-rank/sector/busines-services-16) sector, currently carries a Zacks Industry Rank #38. This rank places it in the top 15% of more than 250 Zacks industries. The group’s [Zacks Industry Rank](https://www.zacks.com/zrank/zacks-industry-rank.php), which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term growth prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Analysts covering the companies in this industry have been steadily pushing their estimates north. Over the past year, the industry’s consensus earnings estimate for 2022 has moved 10.5% north.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation. **Industry Outperforms the S&P 500 and the Sector** Over the past year, the Consulting Services industry has outperformed the S&P 500 composite and the broader sector.While the industry has rallied 37.3%, the S&P 500 composite gained 17.5%. The broader sector declined 41.8% in the said time frame. **One-Year Price Performance** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/price(274).jpg)**Industry's Current Valuation** On the basis of the forward 12-month price-to-earnings (P/E), which is a commonly used multiple for valuing consulting services companies, we see that the industry is currently trading at 28.05X, above the S&P 500’s 19.71X and the sector’s 26.41X.Over the past five years, the industry has traded as high as 35.21X, as low as 18.82X and at a median of 23.09X, as the charts below show. **Price to Forward 12 Months P/E Ratio** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sp(114).jpg)[Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sector(29).jpg)**3 Consulting Services Stocks to Bet On** We present three stocks that currently carry a Zacks Rank #1 (Strong Buy) and are well-positioned for near-term growth. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**** **Accenture:** The professional services giant’s shares have gained 33.6% over the past year, driven by continued strength in its consulting and outsourcing businesses. On the outsourcing front, Accenture continues to see strong demand to assist clients with the operation and maintenance of digital-related services and cloud enablement. On the consulting front, the company experiences strong demand for digital, cloud- and security-related services.Investors seem to have remained excited about Accenture’s acquisition spree and stellar quarterly results. The company’s results surpassed the Zacks Consensus Estimate for both earnings and revenues in the past four quarters. The recent acquisition of Tambourine is expected to boost Accenture's suite of sales and commerce transformation services, from product and platform engineering to omnichannel delivery of commerce experiences.The Zacks Consensus Estimate for revenues for the current year indicates an 18.4% increase from the year-ago reported number. The Zacks Consensus EPS estimate for the year suggests a 19.8% year-over-year improvement. The consensus EPS estimate for the year has increased 4.2% over the past 60 days. **Price and Consensus: ACN** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/acn(125).jpg)**CBIZ**: This provider of financial, insurance and advisory services has seen its stock price jump 42.6% over the past year on investor’s optimism about its acquisition spree and impressive quarterly results. The company has been seeing strength across all of its major service lines. CBIZ posted better-than-expected results in the past four quarters. Acquisitions completed in 2020 and the first nine months of 2021 contributed 7.3% to the company’s revenues in the first three quarters of 2021.The Zacks Consensus Estimate for revenues for the current year indicates a 14.7% year-over-year increase. The Zacks Consensus EPS estimate for the year suggests a 23.2% improvement from the year-ago reported number. The consensus EPS estimate for the year has remained unchanged at $1.75 over the past 60 days. **Price and Consensus: CBZ** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cbz(7).jpg)**Franklin Covey**: This training and consulting services provider’s shares have charted a solid trajectory over the past year, gaining 82.4% on continued momentum in its subscription business and strength of its value proposition. Quality of content, flexibility in delivering content and services through all modalities and global sales and delivery network are considered key strengths of the company.The Zacks Consensus Estimate for EPS for the current year has increased 22.6% over the past 60 days. **Price and Consensus: FC** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/fc(12).jpg)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_INDUSTRYOUTLOOK_IND_01282022&cid=CS-NASDAQ-FT-industry_outlook-1858877) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [Accenture PLC (ACN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ACN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [CBIZ, Inc. (CBZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CBZ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [Franklin Covey Company (FC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-1858877) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858877/3-top-stocks-from-the-prospering-consulting-services-industry?cid=CS-NASDAQ-FT-industry_outlook-1858877) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: DAC
Security: Danaos Corporation
Related Stocks/Topics: Stocks
Title: Danaos Corporation Shares Climb 3.0% Past Previous 52-Week High - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: Danaos Corporation ([DAC](https://kwhen.com/finance/profiles/DAC/summary))) shares closed 3.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 15.1% year-to-date, up 251.6% over the past 12 months, and up 136.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 74.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 10.2% higher than its 5-day moving average, 19.5% higher than its 20-day moving average, and 24.0% higher than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by 1433.3% - The company's stock price performance over the past 12 months beats the peer average by 142.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 78.2136
Stock Price 2 days before: 84.5247
Stock Price 1 day before: 89.3512
Stock Price at release: 91.9557
Risk-Free Rate at release: 0.0004
| 91.1589 |
Broader Economic Information:
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Oversold Conditions For Viavi Solutions (VIAV)
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Broader Industry Information:
Date: 2022-01-28
Title: Recent Price Trend in Columbia Financial (CLBK) is Your Friend, Here's Why
Article: Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. **Columbia Financial** (CLBK) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. CLBK is quite a good fit in this regard, gaining 11.7% over this period.However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 2.5% over the past four weeks ensures that the trend is still in place for the stock of this company.Moreover, CLBK is currently trading at 94.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-ZP-commentary_blog-text-eoac) Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.So, the price trend in CLBK may not reverse anytime soon.In addition to CLBK, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 [Zacks Premium Screens](https://www.zacks.com/registration/premium/login/?continue_to=/screening/premium-screens&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-ZP-commentary_blog-text-eoac) that are strategically created to beat the market.However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Click here [to sign up for a free trial to the Research Wizard today.](https://www.zacks.com/registration/rw/welcome/eoffer/4437?adid=ZCOM_RW_ARTCAT_TALEOFTAPE_540_012822&icid=blog-tale_of_the_tape|recent_price_strength_screen-ARTCAT|012822-RW-commentary_blog-text-eoac)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_540_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_540&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [Columbia Financial (CLBK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CLBK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_540&cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858946/recent-price-trend-in-columbia-financial-clbk-is-your-friend-here-s-why?cid=CS-NASDAQ-FT-tale_of_the_tape|recent_price_strength_screen-1858946) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Euromonitor International Ltd. Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories
Article: **Company Also Earns Multiple Product Awards from Around the World** LOS ANGELES, Jan. 28, 2022 /PRNewswire/ -- Premier global nutrition company, Herbalife Nutrition, has been named "The World's #1 Health Shake1" and "The #1 Brand in Active and Lifestyle Nutrition2" by Euromonitor International, an independent market research firm. The company also retains its top rank in the world in four other Euromonitor categories, including weight management and wellbeing3; and for the fifth consecutive year, the titles of being the world's top brand in weight management4, meal replacements5, and meal replacement and protein supplements combined6. [](https://mma.prnewswire.com/media/507686/Herbalife___Logo.html) Euromonitor International Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories"Creating the best tasting, highest quality nutrition products that help people achieve their wellness goals is at the heart of what we do, and the reason consumers trust Herbalife Nutrition to help them improve their nutrition," said John Agwunobi, Chairman and CEO, Herbalife Nutrition. Every year the company receives numerous product awards for its high-quality, science-backed products, from media, government agencies and consumer research companies. Some of the awards from the past year include: - United States: Selected as one of the **Best Weight Loss Programs** by Consumer Affairs as voted on by consumers. - China: Multiple awards including the **National Award for Enterprises Demonstrating Quality and Integrity in Products and Services**, awarded by the China Quality Inspection Association. - India: Recognized as the **"Power Brand 2021" in the category of Overall Holistic Nutrition for Women** by Femina, the first and most read women's English magazine in India. - Korea: For the tenth consecutive year, awarded the grand prize in the **Health Functional Food** Category by Digital Chosun Ilbo, a leading local media company and sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Agriculture, Food and Rural Affairs. - Russia: **Product of the Year**, awarded for High Protein Iced Coffee, awarded by the Russian Chamber of Commerce and the Moscow International Business Association (MIBA). - Taiwan: **Symbol of Nutritional Quality**, awarded by the Institute for Biotechnology and Medicine Industry to inform consumers which products meet top safety and quality standards. - United Kingdom/Ireland: **Product of the Year**, awarded for Tri-Blend Select in the nutrition supplement category. The award is driven by consumer votes. - Vietnam: **Golden Product of Public Health Award**, awarded by the Vietnam Association of Functional Food. Sixteen Herbalife Nutrition products were recognized for their quality, safety and effectiveness. - Belgium: **Product of the Year**, awarded for Collagen Skin Booster and Formula 1 Smooth Chocolate flavor. The award is driven by consumer votes. For more information about recent awards, please visit [IAmHerbalifeNutrition.com](https://c212.net/c/link/?t=0&l=en&o=3425693-1&h=1861895455&u=https%3A%2F%2Fiamherbalifenutrition.com%2F%3Fs%3Dawards&a=IAmHerbalifeNutrition.com). **About Herbalife Nutrition Ltd. **Herbalife Nutrition (NYSE: HLF) is a global company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world. \begin{table}{|c|} \hline 1 Source Euromonitor International Limited; Per Consumer Health 2022ed, Health Shake as per sports protein powder, sports protein RTDs, meal replacement, supplement nutrition drinks and protein supplements, combined % RSP share GBO, 2021 data.2 Source Euromonitor International Limited; Per Consumer Health 2022ed, Active and lifestyle nutrition defined as weight management and wellbeing, sports nutrition, and vitamins and dietary supplements definitions; combined % RSP share GBO, 2021 data.3 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.4 Source Euromonitor International Limited; Per Consumer Health 2022ed, Weight management and wellbeing category definition; % RSP share GBO, 2021 data.5 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.6 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement and protein supplements definitions; combined % RSP share GBO, 2021 data. \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=LA43853&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html](https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html) SOURCE Herbalife Nutrition (NYSE: HLF)
Date: 2022-01-28
Title: Best Value Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Article: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Date: 2022-01-28
Title: Best Value Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)
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Symbol: LC
Security: LendingClub Corporation
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Title: INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today
Type: News
Publication: InvestorPlace
Publication Author: William White
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is rocketing higher on Thursday after announcing plans for drilling projects in 2022. [Pipelines in the desert representing INDO Stock.](https://investorplace.com/wp-content/uploads/2021/02/oil-pipeline-1600-300x169.jpg) Source: bht2000 / Shutterstock.comLet’s dive into that news, as well as what else investors [need to know](https://finance.yahoo.com/news/indonesia-energy-commence-drilling-two-130000999.html) about Indonesia Energy, below! - The big news from the company are plans to commence drilling of two new wells. - These are located at its Kruh Block. - Drilling is expected to start within the next 30 days. - In addition to that, the company intends to start drilling third well at this location before the end of Q2. - The company is naming these wells Kruh 27, Kruh 28, and Kruh 29. - So long as the wells produce oil, the company expects its production to reach 450 barrels per day after the first two’s completion. - Each of the wells will cost $1.5 million to create. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) - Indonesia Energy notes that current agreements have it expecting each well to generate $1.5 million in revenue during their first year. - The Indonesia oil drilling company operates out of Jakarta, Indonesia. - It also has a representative office in Danville, Calif. - Its main assets are the 63,000-acre Kruh Block and the 1 million-acre Citarum Block. - The company’s market capitalization is sitting at $39.634 shares. - Also, it’s seeing heavy trading today with some 28 million shares on the move. - For comparison, the company’s daily average trading volume is closer to 18,000 shares. INDO stock is up 98.9% as of Thursday afternoon.There’s more [stock market news](https://www.nasdaq.com/news-and-insights) for traders to dive into below!InvestorPlace has all the latest [stock news](https://www.nasdaq.com/news-and-insights) that investors need to know about for Thursday. A few examples include what has **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock falling, **Apifiny** planning a SPAC merger, as well as **Tesla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) earnings news. You can find all of that at the following links!**More Stock Market News for Thursday** - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) - [TSLA Stock: 3 Top Takeaways From the Tesla Earnings Event](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/)’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — [How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) The post [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 20.852
Stock Price 2 days before: 19.3646
Stock Price 1 day before: 16.1715
Stock Price at release: 16.7178
Risk-Free Rate at release: 0.0004
| 18.3501 |
Broader Economic Information:
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Date: 2022-01-28
Title: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)
Article: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply
Article: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, "This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof."**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Broader Sector Information:
Date: 2022-01-28
Title: 1-800-Flowers.com (FLWS) Q2 2022 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **1-800-Flowers.com** [(NASDAQ: FLWS)](https://www.nasdaq.com/market-activity/stocks/flws) Q2 2022 Earnings CallJan 27, 2022, 8:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning, and welcome to the 1-800-Flowers.com fiscal 2022 second quarter conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Joe Pititto, senior vice president, investor relations and corporate communications.Please go ahead. **Joe Pititto** -- Vice President, Investor Relations and Corporate CommunicationsGood morning, and thank you for joining us today to discuss 1-800-Flowers.com's financial results for our fiscal 2022 second quarter. For those of you who have not received a copy of our press release issued earlier this morning, the release can be accessed at the Investor Relations section of our corporate website at www.1800flowersinc.com. Our call today will begin with brief formal remarks and then we will open the call to your questions. Presenting today will be Chris McCann, CEO, and Bill Shea, CFO.Before we begin, I need to remind everyone that some of the statements we will make today may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. For a detailed description of these risks uncertainties, please refer to a press release issued this morning, as well as our SEC filings, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. In addition, this morning, we will discuss certain supplemental financial measures that were not prepared in accordance with generally accepted accounting principles. **10 stocks we like better than 1-800-Flowers.com** When our award-winning analyst team has a stock tip, it can pay to listen. 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[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c7cfb59c-d7db-489d-9c56-714009cb05fb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3D1-800-Flowers.com&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)*Stock Advisor returns as of January 10, 2022Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the tables accompanying the company's press release issued this morning. The company expressly disclaims any intent or obligation to update any of the forward-looking statements made in today's call, any recordings of today's call, the press release issued earlier today, or in any of its SEC filings, except as may be otherwise stated by the company. I will now turn the call over to Chris McCann. **Chris McCann** -- Chief Executive OfficerThank you to everyone for joining our call this morning. As we reported in this morning's press release, we achieved solid revenue growth of 7.5% for our fiscal second quarter. This was on top of the 45% growth we reported in last year's fiscal second quarter and represents growth of more than 55% compared with the fiscal 2020 second quarter. For the quarter, we achieved top line growth across our three business segments, highlighted by an increase of approximately 10% in our gourmet food and gift baskets segment, driven by double-digit growth in our Harry & David brand.As we noted in our press release and comments at the end of October, we saw a solid double-digit growth in September that carried through October. This continued into mid-November, driven by the success of our initiatives to drive everyday gifting, as well as early ordering by customers for the holiday season. Consumer demand slowed, however, after the Thanksgiving holiday, and did not pick up again until late in the quarter. As a result, our total revenue growth for the quarter was below the double-digit pace that we had anticipated heading into the period.Nonetheless, our solid revenue growth on top of last year's tremendous increase reflects our continued focus on engaging with our customers to deepen our relationships with them, the continued expansion of our product offering, our ability to attract a significant number of new customers, the growth of our celebrations passport loyalty program, and our increasing ability to personalize our customer's experience using AI and machine learning. Now I'll come back to these topics in just a moment. But first, turning to our bottom line results for the quarter. Bill would provide more detail in his remarks in a few minutes. But as an overview, the macroeconomy headwinds that we had discussed back in October persisted and escalated significantly throughout the quarter. These headwinds include an unprecedented disruption to the global supply chain, limited availability and higher costs for labor, and increased costs from third party shippers. As a result, our gross margins were impacted and our bottom line results came in below our expectations. While we anticipate that these headwinds will moderate over time, we expect they will not disappear in the quarters ahead.So we will continue to invest in initiatives to mitigate their impact, such as the further automation of our warehouse and distribution facilities, bringing in an inventory of products and components that we import earlier, pre-building inventory of nonperishable items, and implementing programs that can help us optimize our outbound shipping. Over the longer term, we anticipate these initiatives will enable us to improve our gross margins and drive enhanced bottomline performance. Jumping back to a few of the customer-centric and top line growth initiatives that I touched on earlier, we continue to lean into our initiatives focused on engaging with our customers to deepen our relationships and create a true community. As I've said in the past, we are a company that aims to inspire people to express themselves, connect with each other, and celebrate life's most important moments.One way we measure engagement is with the specific touch points that we have with customers through social channels, content influencers, and video. Through the first half of fiscal '22, such programs created more than 55 million engagements, two times the number that we created in the same period last year. Throughout the holiday season, we worked to integrate content into our shopping experiences, launching programs like What I Love About The Season and Our Favorite Holiday Memories that use video and storytelling to reinforce the importance of the holidays as a time to connect, express, and celebrate. We also launched a fun holiday recipe series featuring both celebrity chefs and influencers, culminating with our Holiday Bake Off program that attracted more than a million views on Facebook.And as we announced early this month, we added Alice's Table to our platform, featuring fully digital interactive classes for designing floral arrangements, creating charcuterie boards, hosting wine tastings, and other unique experiences. Since we began offering these classes, more than 80,000 people have enjoyed the opportunity to celebrate their creative capabilities and have some fun doing so, perfectly illustrating our engagement strategy. During the second quarter, we also continued to expand our product offerings with our newest acquisition, Vital Choice, further expanding our offerings in a highly on-trend better-for-you gourmet food category. With the holiday behind us now, we will work to fully integrate Vital Choice into our platform.We continued to expand our collection of bundled products, putting together some of our great brands to create truly unique gifts such as Harry & David's signature Royal Riviera pears with Cheryl's cookies, and Shari's Berries with beautiful holiday bouquets from 1-800-Flowers. And we expanded our 1-800-Flowers in Shari's Berries subscription program, providing the ability for customers to tailor their subscription to their needs. Now the combination of these initiatives, and engagement, and product expansion helped us add more than 1.8 million new customers during the quarter. And importantly, existing customers represented more than 66% of total revenues in the quarter, up more than 400 basis points compared with the prior-year period. And we saw double digit growth in our best performing customer cohort, those that buy from multiple product categories and multiple brands. This reflects the benefits of our cross-merchandising programs and our initiatives using AI and machine learning to provide more personalized experience for customers when they shop on our platform. We also continue to see strong growth in our Celebrations Passport loyalty program which added more than 350,000 new members during the quarter, and continues to be a key driver of purchase frequency, retention, and lifetime value. As we recently announced, we've significantly enhanced the Celebrations Passport program, adding a tiered points-based system that enables members to unlock additional perks and benefits beyond standard free shipping.Some of these perks include invitations to exclusive special events, early access to new products and collections, complementary birthday gifts, and order upgrades, and discounted membership renewal. These enhancements are designed to reward our best customers for their thoughtfulness, develop a sense of community among Passport members, and capture more first party data to help us offer our customers a more personalized experience. In addition to these enhancements, we have also launched a Celebrations Passport app, our first multi-brand app that is designed as a destination for members to manage membership details, as well as access trending products, engaging content, helpful tools, and much more. The Celebrations app will serve as a single entry way to our brands, and we are very excited about its ability to significantly enhance customer experience.Now, I'd like to turn the call to Bill. **Bill Shea** -- Chief Financial OfficerThank you, Chris. Before I get into the details for the quarter, I think it is important to reiterate what Chris said about our revenue growth. Our 7.5% consolidated growth on top of the prior year's 44.8% illustrates our ability to drive solid growth on top of the more than $2 billion revenue level that we reached last year. For the quarter, we were pleased to achieve solid growth across all 3 of our business segments, with our Gourmet Food and Gift Basket segment at nearly 10% for the key holiday season.We faced several challenges in the macro environment that impacted top line growth, including the reopening of some brick-and-mortar retail stores; the widely reported lack of seasonal labor, which impacted our ability to assemble certain labor-intensive product offerings; marketing rates that escalated during the quarter and were significantly higher than planned, which impacted effectiveness in driving traffic to our sites; and the unprecedented disruptions to the global supply chain. On this last point, one example of the impact was late delivery of some important products and components that led to canceled orders from several of our large wholesale customers, totaling upwards of $8 million. Another example was product shortages from some of our domestic suppliers due to their inability to find sufficient labor resulted in more than $4 million in sales left on the table. Our revenues could have been even stronger.The biggest challenge we faced in the quarter was clearly on the cost side and primarily within the components of gross margin. The reduction and consolidated gross margin percentage reflected several factors, including ocean freight. As was widely reported, the spot market for ocean freight rates increased five to ten times historical levels. We were certainly not immune to this despite having contracted rates. As a result, our costs in this area during the first half of the year increased more than five times the prior-year level, representing an increase of approximately $28 million, much of which was incurred in the holiday quarter, our largest quarter. Labor. Both the lack of availability and the cost with hourly rates increasing more than 25% compared with the year-ago period. And outbound shipping, including short- and long-haul trucking and surcharges from third-party shippers associated with holiday deliveries and fuel costs which escalated beyond what we were able to pass along to consumers.As Chris noted, we do not expect these headwinds to go away in the near term. However, we do anticipate that they will moderate over time, and we are working diligently to mitigate the higher costs through initiatives including automation, our manufacturing warehouse and distribution facilities, with our new Atlanta DC next up for full automation. Using the strength of our balance sheet and strong cash position to pre-build non-perishable inventory, as well as bringing imported products and components early and expansion of our strategic pricing programs. Breaking down some highlights from our second quarter, as we already noted, total consolidated revenues increased 7.5%, or $65.8 million, to $943 million compared with $877.3 million in the prior-year period.This included growth across all three of our business segments. Holiday gross profit margin for the period was 40.1%, a decline of 530 basis points compared with the prior-year period reflecting the aforementioned headwinds. Operating expenses, as a percent of total revenues, improved 70 basis points to 27.9% compared with 28.6% in the prior-year period. As a result of these factors, adjusted EBITDA for the quarter was $133.1 million, down 19% compared with adjusted EBITDA of $164.3 million in the prior-year period.Net income for the quarter was $88.5 million, or $1.34 per diluted share, compared with net income of a $113.7 million, or a $1.71 per diluted share, in the prior year period, primarily reflecting significant year-over-year cost increases, inbound and outbound shipping, labor, and digital marketing. Adjusted net income for the quarter was $88.6 million, or $1.34 per diluted share, compared with adjusted net income of $114.2 million or a $1.72 per diluted share in the prior year period. Regarding our segment results. In our gourmet food and gift baskets segment.Revenues for the quarter increased 9.8% to $590.9 million compared with $538.3 million in the prior-year period. Growth in this segment was primarily driven by Harry & David, our largest gourmet brand, which increased more than 10% for the period. Gross profit margin was 39.3%, a decline of 660 basis points compared with 45.9% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as limited availability and higher costs for labor. Segment contribution margin was $110.5 million, down 18.5% compared with $135.6 million in the prior-year period, reflecting the reduced gross margin, as well as higher year-over-year digital marketing rates. In our consumer floral and gifts segment, revenues increased 3.2% at $315.1 million compared with $305.5 million in the prior-year period, with the 1-800-Flowers brand and Personalization Mall going at 2.8% and 4.6%, respectively. Gross profit margin was 41.3%, down 270 basis points, compared with 44% in the prior-year period, primarily reflecting increased costs for inbound and outbound shipping, as well as labor. Segment contribution margin was $38.2 million, down 16.4% compared with $45.7 million in the prior-year period, primarily reflecting reduced gross margin combined with increased digital marketing rates. BloomNet.Revenues for the quarter increased 11.4% to $37.9 million compared with $34.1 million in the prior-year period, primarily reflecting increased wholesale shipments of hard goods. Gross profit margin was 42.2%, down 720 basis points, compared with 49.4% in the prior year period, primarily reflecting higher inbound shipping costs and product mix, which offset the strong top-line growth. Segment contribution margin was $11.9 million, down 2.1%, compared with $12.1 million in the prior year period, primarily reflecting increased inbound and outbound shipping cost with reduced gross margin. Turning to our balance sheet, our cash and investment position was $271.1 million at the end of the second quarter, seasonally up compared with $173.6 million at the end of fiscal 2021, but down nearly $100 million compared with our cash balance at the end of last year's fiscal second quarter.This primarily reflects our investments in inventory to help offset the headwinds associated with supply chain and labor combined with our stepped-up stock repurchases, repayment of term debt, and our recent acquisition of Vital Choice. Inventory was $191.1 million, up approximately $90 million compared with the end of last year's second quarter, reflecting the investments to help mitigate the headwinds we have discussed. It's worth noting that the vast majority of our inventory position is in nonperishable ambient products and components that can be used during the second half of the current fiscal year. In terms of debt, we had a $171.8 million in term debt and zero borrowings under our revolving credit facility.Regarding guidance, we're updating our guidance for the fiscal 2022 full year based on the results we have reported for the first half of the year, as well as our outlook for continued revenue growth and continued cost headwinds. We anticipate achieving revenue growth in the range of 7% to 9% compared with the prior year. Adjusted EBITDA in the range of $140 million to $150 million and EPS in the range of $0.90 to $1 per diluted share. We anticipate free cash flow for the year will be down significantly compared with the prior year based on our bottomline guidance for the year and our plans to use our strong balance sheet to continue to invest in inventory to support our growth plans and address the headwinds we have described.I will now turn the call back to Chris. **Chris McCann** -- Chief Executive OfficerThanks, Bill. So to sum up, we achieved 7.5% revenue growth in our second quarter on top of the nearly 45% growth we had in the prior-year period, and up more than 55% compared with our fiscal 2020 second quarter prior to the pandemic. We drove adjusted EBITDA of $133 million despite unprecedented cost headwinds in the macroeconomy. We attracted more than 1.8 million new customers and added more than 350,000 new members to our Celebrations Passport loyalty program. We expanded our engagement initiatives, creating millions of touchpoints that help us deepen our relationships and build a true community. And we continued to expand our product offering, organically and through acquisition, adding hundreds of truly original products designed to help our customers solve for all their connective and expressive needs. While we are clearly operating in a challenging macro environment, we are well positioned to address these challenges, and over the longer term, to build on the success that we have achieved over the past several years, during which we have doubled the size of our business and significantly transformed our company, becoming a unique e-commerce platform that inspires and enables our customers to express, connect, and celebrate. This is reflected in the unique platform that we've built, which includes our all-star family of brands, our advanced technology stack, our manufacturing, distribution, and logistics capabilities, our digital marketing expertise, and our expanded customer file.In closing, I'd like to note how very proud I am of all of our associates across the company who have worked together as a team to address the challenges that we have seen and continue to see in the macro environment and drive sustainable revenue growth and solid bottom line performance. Now, I'd like to turn the call back to the operator so we can take your questions. Thank you. **Questions & Answers:****Operator** [Operator Instructions] The first question comes from Dan Kurnos with The Benchmark Company. Please go ahead. **Dan Kurnos** Good morning. Haven't gotten that one in a while. Top line, 2 questions. First question, when did you guys start trying to pass through pricing? And how much do you think price inelasticity was an issue from the consumer demand perspective?**Chris McCann** -- Chief Executive OfficerSure, Dan. Thank you. Good morning. I think we started fairly early in the season looking at where we can get strategic price increases. Then again, if you just keep in mind that as we went through the holiday season, and as we talked about in our October call, we were seeing strong demand in September, took it to October, continued into November. So it was really right up until the Black Friday, Cyber Monday weekend where we were strong going into it, and then we saw some slowness come in after that. The dynamic pricing was at -- throughout that time period and we saw the ability to do dynamic pricing gives us the capability to turn it on and turn it off depending on what we're seeing on consumer demand. Bill, do you want to --**Bill Shea** -- Chief Financial OfficerYeah, Dan, the overall --**Chris McCann** -- Chief Executive OfficerPricing. **Bill Shea** -- Chief Financial OfficerThe overall growth during the quarter really was all driven by average order, comprised of really 2 components. One, the dynamic pricing in the price increases that we did put through, as well as really a kind of a shift in product mix. We were featuring more higher-priced items. Some of the labor challenges that we had, we knew the number of packages we could process, it was going to be going to be limited.So we kind of suppressed some of the lower-price point items and featured some of the higher-priced items. Some of this would have impacted our overall conversion and impacted our top-line. **Dan Kurnos** The reason I asked the question is understanding that there are a lot of dynamics in the holiday quarter. But the out two quarter guidance is now for basically an average -- a blended average of 8% growth versus double-digit growth. And I think the obvious question that everyone's asking today is you guys have been pretty confident in a long-term double-digit growth outlook. Now, I know that your costs are rather difficult.But this has been an issue with all the e-commerce companies, right? What kind of -- why are we looking at reduced revenue guide in the out two quarters? And what gives you guys confidence in sort of your longer-term sustainable double-digit forecast? **Chris McCann** -- Chief Executive OfficerSo the thing is as we look at the guidance, I think we've taken into consideration what we saw during the holiday period. We saw that slowed down late in the quarter where the consumer pulled back a bit. We saw our retail sales report come out recently, down 2%. So recognizing that and looking forward, it's still the cost challenges that we had, gives us the comfort level to provide the guidance of the 7% to 9% growth that we're seeing.Go ahead. **Bill Shea** -- Chief Financial OfficerYeah, Dan. Basically the first half of the year, we grew just around 8%, and our guidance implies that we're going to have a similar growth rate in the second half of the year. We do believe it's going to skew a little bit more toward Q4. We have the Easter shift which favors Q4 versus Q3.And we had a decrease in our deferred revenue at the end of Q2, which is going to impact a little bit of the growth rate in January. But we do believe that with all the challenges that the macro environment and with the consumer, when the consumer comes back, we will rebound back to that double-digit growth. And we think overall that high single-digit growth in this environment is still pretty positive. **Chris McCann** -- Chief Executive OfficerI think as we look beyond that, Dan, the things that continue to give us optimism, we took some challenges this quarter. We still delivered good growth, as Bill just pointed out. And so many things are still going positive in the company that does not reduce our optimism going forward, whether we look at the Celebrations Passport customer cohort growth, we added 350,000 new members there, continuing to see the performance of those customers that purchase frequency of two to three times out of the average customer. We grew our multi-brand, multi-category customers double-digits during the quarter.We enhanced the-we're enhancing our personalization capabilities. We just enhanced the Celebrations Passport program with the new tiered points-based membership system. The new app that we laid out. So all of these things really continue and give us the optimism going forward. What we see is some short-term challenges, as Bill pointed out, with the consumer, the inflationary costs, etc., and our ability to manage through that and get back to where we were. **Bill Shea** -- Chief Financial OfficerYeah, Dan. We also saw a little unexpected -- the sharp rise in digital marketing rates that happened as we got further and further into the quarter. If you recall, we've talked about marketing rates that -- we knew we had a challenge in the June quarter and the September quarter because a year ago, marketing rates were at historic lows because so many companies were not in the market. We saw them self-correct a year ago in October when the national campaigns came on around the presidential elections.And so we had a more normalized comp against our marketing rates this year. Yet what we ultimately saw as we got well into the holiday season in the month of December, digital marketing rates rising at 25% to 30%. That caught us a little bit by surprise and caused us to kind of pull back on some of the marketing and some of the new customer acquisition targets that we had. **Chris McCann** -- Chief Executive OfficerYeah, so that's why our new customer acquisition of 1.8 million, a great number, was down compared to prior year. So some of the softness that we saw late in the quarter was on the new customer front. And then it just got -- the cost per acquisition just got beyond the point where we felt it was prudent to invest, especially considering the pressures we had on gross margin. **Dan Kurnos** Got it. That's helpful additional color. Last one then, just on margin. The guide, the midpoint is -- well, it's 40 basis points year-over-year lower. Now it's 400 basis points year-over-year lower on EBITDA. I'm just trying to get a sense of how much of that is incremental investment on your part to future-proof against these things, understanding that you can't address things like digital marketing rates, but how much is incremental investment versus how much is just unexpected costs, just running out the December costs levels through the balance of the year?**Bill Shea** -- Chief Financial OfficerYeah, a lot of it is the continuation of the headwinds that we saw. We -- ocean freight, while I think the experts believe that over time, they're going to kind of moderate, probably never go back to where they were 2 years ago, but I think they're going to moderate over time. But the timing of that is still very much unknown and we're still seeing the spot markets at very high rates. Labor and some of the challenges with access to labor and labor rates, I think we're at a new normal.So there's -- it's $18 an hour, that's up 25% over what we paid last year, and probably up 30% to 40% over where we paid pre-pandemic. So there are some ongoing challenges that we have. We have initiatives in place to help offset these. We've talked about the automation of our Hopewell facility.We did 30% more volume on peak days out of that facility with 40% less labor on that facility. We're continuing to invest in our other facilities to continue to automate manufacturing and distribution. We're going to continue to use our strong balance sheet to bring in inventory early and we're going to use that. That you see some of the investments we've made in working capital, we're going to continue that as we sell through that inventory.We're going to replenish inventory to have that to make sure we're ahead of the supply chain. We're going to pre-build some inventory to use our core staff and be less reliant on the seasonal labor. And as Chris mentioned, we're going to continue to play with our dynamic pricing. During the holiday period, there's very competitive market as we get into everyday occasions, and maybe the back half of the year, some of the fall holidays we're going to continue to test dynamic pricing within those categories to help offset some of those challenges. But we know in the short-term, anyway, some of the margin pressures were still going to continue to exist. **Dan Kurnos** Okay. I've taken up enough of you guys' time. I appreciate it. Chris just -- I'll leave you with just to be clear, there is no change in your long-term messaging here, but the short-term is really where most of the issues are.Is that fair?**Chris McCann** -- Chief Executive OfficerYes. That's fair, Dan. Our long-term optimism remains the same. **Dan Kurnos** Great. Thanks, guys. **Chris McCann** -- Chief Executive OfficerThank you. **Operator** The next question comes from Michael Kupinski with NOBLE Capital Markets. Please go ahead. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. I know Dan asked most of my questions but I have a couple of questions on the marketing side. You mentioned that the marketing was less effective and I was just -- obviously, you talked about the digital. I know that you have an omnichannel approach to marketing, but I did notice that it seems like maybe you stepped up a little bit of the television advertising with your everyday gifting.Could you just talk a little bit about the effectiveness of the channels that you're using in marketing and whether or not you feel that maybe the shift in marketing was ineffective? And maybe if you could just give us a sense of how you plan to look at marketing going forward, whether it's content or whether it's different types of content, or maybe a shift in how you look at marketing? **Chris McCann** -- Chief Executive OfficerSure, Michael. Thank you for that question. As we looked at the marketing spend during the quarter, one of the strategies we had going in was to spend more, especially on the food brands, especially Harry & David, spend more on top of funnel marketing. And we did spend and allocate some more into television, both OTT and linear capabilities, linear TV there.We were pleased with the return there, but as we said, as we got deeper into the holiday season, marketing costs overall, even in those channels, increased. But also, as the consumer start to pull back and then as we saw industrywide during December, the consumer got softer following Black Friday weekend. So therefore, some of the effectiveness of that television's weakened as well. I think, though you're hitting on the point, as we look going forward and our go-to-market strategy, so much is about how we engage with our customers differently.It's how we really use content. And that's why, in my formal remarks, I highlighted how we're measuring engagement and how we had two times, 55 million engagement contacts during the first half of this year, utilizing content, videos, classes, workshops, redefining how we go to market. This is a program that we had started, but as we've been pointing out for the past 2 years, accelerated our capabilities as we really moved into the pandemic, sending out the Celebrations Pulse newsletter that we send out on the weekend, which is not about selling. It's just about engaging with our customers and how we build relationships with them.So going forward, while we really will have a multichannel, as you pointed out, an omnichannel approach to marketing, at the core at its basis is how do we deepen the engagement we have with our customers? Because as we deepen the engagement, they become those customer cohorts that we often speak about. The multiproduct category purchases, they joined Celebrations Passport. And then we get their use of frequency and retention that we're looking for. So that all comes together and I think you hit the nail on the head.It's all -- we're a company that looks to inspire expression, connection, and celebration. How we do that is do more engaging ways with our customer and not simply just product and promotional pricing advertising. **Michael Kupinski** -- NOBLE Capital Markets -- AnalystThank you. Dan asked most of my questions. So that's all I have. Thanks. **Operator** The next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYes. Hi. Good morning. So can we just go back to the pricing because I'm not sure I understood.You kmentioned that you had highlighted higher price point items. That points to me that that was like intentional mix driver toward higher average price point. But did you actually raise price on a like-for-like item? So just in apples to apples item, did you raise price? And can you give us some idea as if you did that, what the average percentage increase in price or what percentage of the skews? Or just give us some idea about what kind of pricing did take place. Thanks. **Chris McCann** -- Chief Executive OfficerYes, Linda. I think you're right on both accounts. We did position in merchandise higher-price orders, higher-price items to drive the AOV. As we knew, certain capacity constraints would be there. We wanted to make sure we optimized AOV. In addition, we did raise prices on certain items. Bill, [Inaudible] color. **Bill Shea** -- Chief Financial OfficerI would say it's pretty evenly split, that our 7.5% growth was always pretty evenly split between higher pricing and the repositioning of higher-priced items. What we saw is, and again, we can monitor this real-time with our dynamic pricing and we saw on some of the food brands, and in particular, Harry & David that some of that pricing stuck. In other areas, we did have to pull back. As we saw the consumer and as the holiday went on as the consumer pull back, we did have to play with pricing and reduce pricing back to make sure we were getting the orders on the conversion right.So we saw it in -- particular big example was Personalization Mall. It was a very competitive marketplace out there, and very promotional marketplace out there. So while we tried to increase pricing, we wound up having to pull back pricing in the month of December because we weren't getting the conversion rates that we wanted. **Chris McCann** -- Chief Executive OfficerAnd another example there, kind of on the flipside of that, Linda, is in the Harry & David business, for example. One of the lessons learned coming out of the holiday for us is we clearly have an ability to expand our product offerings in the $149 to $500 price point items. What we -- merchandise there sold and sold very well, and it tells us we have the ability to scale that price point category up higher. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. I mean, I'm just kind of following that thread. I kind of wonder, a lot of us consumer analysts are a little bit concerned about the consumer, less stimulus, etc., versus comparisons last year. So how do you marry the higher idea of higher price points, more expensive items, hundreds of dollars with this idea that the consumer is not getting the stimulus benefits that they did? **Bill Shea** -- Chief Financial OfficerYeah, I think what we did during the holiday season, though, the other factor was some of the labor challenges we had with access -- without access to labor. So we knew we had -- the capacity is only funnel through x number of units. So we scaled back on more labor-intensive product offering. So some of the Create Your Own products that we have that are very popular but they're labor-intensive.So we pulled back on those. And we pulled back on the lower price points because we are featuring the higher price points because we knew we only had capacity for x number of units. So we know some of the things we did would've held back on the overall demand that we're achieving. But we think we optimized.We tried to optimize what we can get from both a throughput perspective which will drive the best top and bottom line results for us. **Chris McCann** -- Chief Executive OfficerAnd our strategy, we meant to say, we want to make sure we have a broad-enough offering and with broad-enough price points to attract a large demographic of the customer base. There is always -- the old adage is always 10% of your customers, they don't care about price, but there's 90% of your customers who do and we're making sure that we have offerings for all of our customers. **Bill Shea** -- Chief Financial OfficerAnd as we move away from the holiday season and have less constraints on that, we will have a broad offering of price points for the consumer. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystAnd then just another question, kind of on the cost side. You were very well aware and you've been talking for many months about all these cost pressures, and you've been giving a quantification of the increase in labor, and you even said the FedEx charges were known in something like September or October, so you could actually plan to try to offset. So when you think about what came in different than what you had in your plan, what was the one area that was most different? Was it the FedEx surcharges? Was it the labor? Was it the shipping? Like what was what -- because your gross margin is really very, very significantly different from what The Street expected. **Bill Shea** -- Chief Financial OfficerSo Linda, I wish I could point to one but there are certainly several impacts. There are significant headwinds. And we're talking about ocean freight, outbound shipping, labor, all of which we built in buffers into our plan on ocean. We had contracted rates.We were choking on the increases that we had the contracted rates for, and they were basically ignored and everything has to go to the spot market. Spot market wound up being 5 to 10 times what historical rates were, and it escalated throughout the holiday season. So even in our October call, we have one set of course in mind and it exceeded that dramatically. Fuel kept going up.So yes, we have contracted rates with our third-party carriers that are relatively low single-digit increases year over year. But between -- yes, the holiday surcharges, we knew about, fuel surcharges, residential surcharges, all these surcharges added up so that we wound up paying double-digit increase in cost per package and labor. And access to labor and the cost of labor just kept rising. We went from -- a few years ago, we were concerned about the federal minimum wage going up to $15 because we were well below that.Now, we're paying $18. And going into this -- and a year ago, we were paying well under $15. So those numbers just escalated significantly. And with some of the delays in the supply chain, we mentioned in our formal remarks, that had an impact. We got inventory in after the due dates for some of the big box guys that we deliver wholesale products to. We had to write that inventory off. So we had about a $6 million incremental write-off on inventory, because we've got the inventory, and after the deadlines for the big box guys, and they canceled orders on us. So both impacted both top line and margin.So we had built in a number of these buffers. We were very confident at the end of October with where the trend lines were from a top line perspective. And obviously, a greater top line would absorb some of these costs. But we had just come off of two consecutive months of double-digit growth, and we were feeling good about where the holiday would end up on the top line perspective.And our cost levels were at certain levels, and it just escalated dramatically over the -- from November into December. **Chris McCann** -- Chief Executive OfficerAnd as Bill mentioned, some of that also impacted the top line of the business. As we said, we saw a good, strong double-digit growth right up the Black Friday, Cyber Monday, and then it tailed off after that. But during that time period, because of some of the inventory challenges, the labor challenges, we had to pull back on revenue as well. We had canceled orders.I mean, we probably left a significant demand on the table. I'm going to guess, Bill, probably at least 2 percentage points? So that caused challenges on the top line as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. Just one more -- just kind of a housekeeping thing. Just on the Easter shifts, I actually thought it was fairly big. I don't know.So I'm thinking revenue might even be down a bit sort of organic, at least in the third quarter and then double-digit, or I don't know, pretty strong in the fourth quarter. Can you quantify the shift at all so we can get it right in our model?**Bill Shea** -- Chief Financial OfficerYeah. I mean, Easter holiday is an incremental $15 million or so of revenue. It doesn't fully go into from Q3 to Q4 because some of the food brands would still capture some of that revenue in Q3. But a bigger piece of the Easter shift goes into Q4.I mean, we do think it is the growth in the second half of the year. Again, as we -- the guidance implies, kind of similar to what we have in the first half of the year, will be more heavily weighted toward Q4 than Q3. But we will grow in Q3 as well. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystOkay. And just one last one I promise. Is it possible free -- I didn't run my model through yet, but is it possible free cash flow for the year could be negative, slightly negative? **Chris McCann** -- Chief Executive OfficerBill?**Bill Shea** -- Chief Financial OfficerThe revised guidance we gave on free cash flow is that it's going to be down significantly year over year. It's obviously from a top line perspective -- coming from a bottom line perspective and the revised guidance there will impact free cash flow. The big unknown is our investment in working capital. We want to use our strong balance sheet.We want to use our strong cash position to put us in the best possible position for next year. So where we see opportunities to get inventory early, we're going to take advantage of that. And obviously, to the extent that we're investing in working capital, that impacts free cash flow. So it really does depend on where the inventory ends up.But any sort of decrement as associated with that is really a positive for us because it puts us in a better position for next year. **Linda Bolton Weiser** -- D.A. Davidson -- AnalystYeah. Okay. Well, thanks a lot, guys. **Chris McCann** -- Chief Executive OfficerThanks, Linda. **Operator** The next question comes from Alex Fuhrman with Craig-Hallum Capital Group. Please go ahead. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystHey, guys. Thanks for taking my question. I wanted to talk about what you're seeing in terms of labor and supply chain pressure as you get -- start gearing up for the big Valentine's Day and Mother's day holidays. Obviously from a big picture, it sounds like these headwinds aren't really going away. But at least for Valentine's day and Mother's day, you're not necessarily competing against every other e-commerce company for seasonal workers and for shipping capacity. Just curious how you think about the major holiday season versus all of your other important holidays and then as you get more toward just kind of the everyday gifting component. Do those pressures ease up a little bit? Just kind of wondering how we think about those pressures that during the holiday season versus the rest of the year. **Bill Shea** -- Chief Financial OfficerWell, Alex, the second half of the year is more floral-centric than, obviously, the first half of the year. While floral is not immune to these -- to the cost pressures that we've discussed, the distribution model that we have for floral with the flowers fulfilling a large part of the floral product, they're not as susceptible, at least it doesn't impact us as much from that standpoint. So some of the challenges with ocean freight, higher labor, while it will continue into the second half of the year, our sales mix changes in the second half of the year. So the impacts on gross margin, consolidated gross margin, will not be as great.I think from a standpoint of access to floral supply, we feel based upon all size and the contacts that we've made over the many years in this industry that we're in a good position from a floral supply standpoint as we head into the significant floral holidays in the second half of the year. **Alex Fuhrman** -- Craig-Hallum Capital Group -- AnalystOK. That's great. Thanks, Bill. **Operator** The next question comes from Doug Lane with Lane Research. Please go ahead. **Doug Lane** -- Lane Research -- AnalystYes. Hi. Good morning, everybody. Can you talk forward-looking on what specific price increases you have in the works? Maybe go through the businesses and give us a feel with some granularity on where you can and can't really take pricing in the March and June quarters. **Chris McCann** -- Chief Executive OfficerI think, Doug, thank you for your question. As we look at the pricing, I think really it is a dynamic environment that we move into. As Bill pointed out earlier, we were able to take some more -- we're able to be more successful with price increases on some of the higher-priced items, Harry & David for example, than we were at Personalization Mall where you get into a lower price point. But really, the dynamic point of view and where we see price elasticity -- opportunity for us as we move into the second half of the year, which is driven more by everyday business.It's a less competitive environment. But the way we manage it, really, is by constant AB testing and we have tests going throughout the day. And if we see a price increase decrementing conversion rate, and thus decrementing gross margin dollars, we'll pull that back. So it's kind of -- it's a real-time effort that we're working with the customers on our pricing initiatives, as opposed to set it and forget it and see what happens to it. **Doug Lane** -- Lane Research -- AnalystWell, that makes sense. And I'm sorry if I missed this, but I think you talked about your pricing actions of Personalization Mall. Did I hear that you implemented pricing and then ended up pulling them back at the end of the quarter? Can you just go over that again for me?**Bill Shea** -- Chief Financial OfficerYes, we did. Just like we were doing throughout all of our business segments, we were playing with pricing and trying to optimize our pricing versus conversion to optimize revenue from that perspective. So in that category, it was a very competitive and promotional environment, especially in the month of December. So some pricing that we were playing with and putting in, we did have to pull back. **Doug Lane** -- Lane Research -- AnalystOK. And then the other businesses you have where you have catalogs, doesn't that make it difficult to raise prices? And is there an opportunity there when you reprint catalogs to take some pricing? **Chris McCann** -- Chief Executive OfficerSo what we've done is with the catalog marketing specifically is we've been able to adjust the pricing mechanism so that we can still have dynamic pricing on the web, but we have the ability to know if you're calling from a catalog or accessing us from a catalog and give us the catalog number, the published price will always be on it no matter what would -- what we're testing on the web so to make sure that we're in compliance and being fair with our customers. So as we look forward, we'll take the learnings that we saw from the dynamic online pricing and apply that into our catalog pricing as we plan the next holiday season. **Doug Lane** -- Lane Research -- AnalystOK. Great. Thank you. **Chris McCann** -- Chief Executive OfficerThank you, Doug. **Operator** The next question comes from Tim Vierengel with Northcoast Research. Please go ahead. **Timothy Vierengel** Thank you for taking my question. Most have already been answered, but I was wondering if you could -- Bill, specifically, if you could spend just a little bit more time explaining some of the supply chain pressures specifically coming from aviary or ocean freight. You called out some delays for the gourmet food, gift basket segment. I was wondering if anything specific also impacted the P Mall or the consumer floral segment.I think that was the biggest surprise in terms of revenue. So just wondering if there's any kind of unforeseen delays there that would cause a shortfall in that segment. Thank you. **Bill Shea** -- Chief Financial OfficerYes. So from an ocean freight standpoint, there's two aspects of it. One, that tremendous increase in price that we had. Normally, when you contract for ocean freight, it's door-to-door. You get it from Asia right to your facilities. So those rates went up dramatically. The spot markets went up dramatically. But then as you still see today, and if you follow it, there's like 140 tankers outside of the Port of L.A.So a lot of the delays that have been created because of the port congestion, we wound up having, in a number of cases, having to bring our own trucks in and grab the product at the dock and incur those incremental costs as well. And that's why we saw this unexpected significant increase in our costs where we're spending $28 million, $30 million more on that component of the business than we did in prior years. But delays did cause us problems. Because we got the product in late, that had an impact on our ability to assemble products.So with the labor challenges that we had and everything got kind of pushed back to later in the year. So we had to pick and choose the types of products we wanted to build on the consumer side. And on the wholesale side, we talked about -- Chris mentioned in the formal remarks that we wound up having canceled orders on the wholesale side. That really was all within the food side of our business.On the floral and P Mall side, we didn't really have -- we had delays in getting product in. But it didn't impact -- ultimately, impact the demand like it did on the food side of the business. **Timothy Vierengel** OK. So yes, just to clarify, I guess I was just looking at, is it through a clean demand falloff in the P Mall, consumer floral segment as opposed to maybe some noise with the capacity and fulfillment in the consumer -- the foods, correct? **Bill Shea** -- Chief Financial OfficerYeah. I think on P Mall it was a very competitive environment. They have a tough comp that grew over 50% in the year-ago period and they are comping into that, and they grew just under 5% in this holiday time in a very competitive promotional market for that product category, that kind of lower price point product category. **Chris McCann** -- Chief Executive OfficerAnd I think it's important to point out, Bill, whether it be in the Personalization category, whether it'd be into floral, or quite frankly across all of our product categories, from the data that we see in our best estimates is we gain share in our major categories. Even with the challenging environment that we operated in, the macro environment and the headwinds that we faced, it's our best view that we still gained shares in our key product categories, including personalization. And we remain very optimistic and very bullish on the future growth of P Mall. **Timothy Vierengel** All right. Thank you. I guess, lastly, do you see -- are there new competitors that maybe just haven't caught our eye yet that are driving that increased competition? Or is it just the really just the established players being more promotional? Thank you. **Chris McCann** -- Chief Executive OfficerCertainly the latter, more of the established players being more promotional. I think most of -- a lot retailers and e-tailers went into this holiday season expecting that we would not have to be as promotional as it turned out to be because I think we saw some pull-forward early, customers -- consumers purchasing early. So as we hit the key holiday season, it became a very competitive environment, and as Bill pointed out in the Personalization category for us, especially. **Timothy Vierengel** All right. Thank you, Chris and Bill. **Operator** This concludes our question-and-answer session. I would like to turn the conference back over to Chris McCann for any closing remarks. **Chris McCann** -- Chief Executive OfficerGreat. Well, thank you all for joining us this morning. We appreciate the opportunity. As you can see, we remain extremely optimistic on the future of the business, the accomplishments that we've had, the platform that we have to inspire people, to express, connect, and celebrate, and the opportunity that gives us going forward.Right around the corner is Valentine's Day, so I urge you all to remember to please place your orders early for Valentine's. Thank you very much. **Operator** [Operator signoff]**Duration: 58 minutes****Call participants:****Joe Pititto** -- Vice President, Investor Relations and Corporate Communications** Chris McCann** -- Chief Executive Officer** Bill Shea** -- Chief Financial Officer** Dan Kurnos****Michael Kupinski** -- NOBLE Capital Markets -- Analyst** Linda Bolton Weiser** -- D.A. Davidson -- Analyst** Alex Fuhrman** -- Craig-Hallum Capital Group -- Analyst** Doug Lane** -- Lane Research -- Analyst** Timothy Vierengel** [More FLWS analysis](https://www.fool.com/quote/flws?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0b208d32-0596-4c86-9873-b72d936fd2a4) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. 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Date: 2022-01-28
Title: Brandywine Realty Trust Becomes Oversold
Article: The [DividendRank](https://www.dividendchannel.com/dividend-rank/) formula at [Dividend Channel](https://www.dividendchannel.com/) ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Brandywine Realty Trust (Symbol: BDN) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Brandywine Realty Trust an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of BDN entered into oversold territory, changing hands as low as $12.225 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Brandywine Realty Trust, the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by [Dividend Channel](https://www.dividendchannel.com/) currently has an average RSI of 40.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, BDN's recent annualized dividend of 0.76/share (currently paid in quarterly installments) works out to an annual yield of 6.05% based upon the recent $12.57 share price. A bullish investor could look at BDN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on BDN is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. [BDN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Click here to find out what 9 other oversold dividend stocks you need to know about »](https://www.dividendchannel.com/slideshows/ten-oversold-dividend-stocks/)
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Leslie's, Inc. (LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: First Commonwealth Financial Corporation (NYSE:FCF) Analysts Are Pretty Bullish On The Stock After Recent Results
Article: **First Commonwealth Financial Corporation** (NYSE:FCF) came out with its full-year results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. The result was positive overall - although revenues of US$386m were in line with what the analysts predicted, First Commonwealth Financial surprised by delivering a statutory profit of US$1.44 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/323780-earnings-and-revenue-growth-1-dark/1643365100467) NYSE:FCF Earnings and Revenue Growth January 28th 2022Taking into account the latest results, First Commonwealth Financial's six analysts currently expect revenues in 2022 to be US$390.2m, approximately in line with the last 12 months. Statutory earnings per share are expected to fall 13% to US$1.28 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$391.2m and earnings per share (EPS) of US$1.27 in 2022. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. The consensus price target rose 7.8% to US$18.50despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of First Commonwealth Financial's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on First Commonwealth Financial, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$15.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that First Commonwealth Financial's revenue growth is expected to slow, with the forecast 1.0% annualised growth rate until the end of 2022 being well below the historical 5.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.9% per year. Factoring in the forecast slowdown in growth, it seems obvious that First Commonwealth Financial is also expected to grow slower than other industry participants. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that First Commonwealth Financial's revenues are expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for First Commonwealth Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) You should always think about risks though. Case in point, we've spotted [1 warning sign for First Commonwealth Financial ](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYyOTpiYTU3ZWExMDJhZjEzMGQz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: BORR
Security: Borr Drilling Limited
Related Stocks/Topics: Unknown
Title: Borr Drilling Limited - Conditions for equity raise completed
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Stock Price 4 days before: 1.88782
Stock Price 2 days before: 2.14804
Stock Price 1 day before: 2.14501
Stock Price at release: 2.0412
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: LC
Security: LendingClub Corporation
Related Stocks/Topics: Stocks|TSLA|KSCP
Title: LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today
Type: News
Publication: InvestorPlace
Publication Author: William White
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is falling hard on Thursday following the release of the peer-to-peer lending company’s Q4 2021 earnings report. [A building with the LendingClub (LC stock) name on it.](https://investorplace.com/wp-content/uploads/2022/01/lc-stock-300x169.png) Source: Michael Vi / Shutterstock.comLet’s dive into that news below to see why holders of LC stock are dropping the shares today. - The company starts off its earnings report with a [revenue of $262.2 million](https://ir.lendingclub.com/news/news-details/2022/LendingClub-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx). - While that’s a 7% sequential increase, it’s still not what Wall Street was expecting. - LendingClub needed to reach a revenue of $267.53 to match Q4 estimates. - That revenue miss is dragging LC stock down despite its diluted earnings per share of 27 cents. - This beat out analysts’ estimates of 22 cents per share for the period. - Unfortunately, the company’s outlook for the full year of 2021 isn’t doing its stock any favors today. - LendingClub is expecting 2022 revenue to range from $1.1 billion to $1.2 billion. - At a midpoint of $1.15 billion, that’s below Wall Street’s estimate of $1.16 billion for the full year of 2022. - Estimates for Q1 2022 are better with revenue ranging from $255 million to $265 million. - That would see beating analysts’ revenue estimate of $258.61 million for the quarter. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) LendingClub investors didn’t react positively to today’s earnings news and heavy trading has shares of the stock slipping. As of this writing, more than 18 million shares of LC stock have changed hands. That’s higher than the company’s daily average trading volume of about 3 million shares.LC stock is down 28.2% as of Thursday afternoon and is down 35.4% since the start of the year.There’s a wealth of additional [stock market news](https://www.nasdaq.com/news-and-insights) that investors will want to know about below! InvestorPlace offers up daily coverage of the stock market with the latest news and today is no different. Big news for Thursday include an **Apifiny** SPAC merger in the works, details from the **Tesla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) earnings event, as well as what to know about **Knightscope** (NASDAQ: [KSCP](https://investorplace.com/stock-quotes/kscp-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) making its public debut. You can get all of these details, and more, from the following links! **More Stock Market News for Thursday** - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) - [TSLA Stock: 3 Top Takeaways From the Tesla Earnings Event](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) - [Knightscope Stock IPO: 8 Things to Know as KSCP Starts Trading Today](https://investorplace.com/2022/01/knightscope-stock-ipo-8-things-to-know-as-kscp-starts-trading-today/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 20.852
Stock Price 2 days before: 19.3646
Stock Price 1 day before: 16.1715
Stock Price at release: 16.7178
Risk-Free Rate at release: 0.0004
| 18.3501 |
Broader Economic Information:
Date: 2022-01-28
Title: Costamare (NYSE:CMRE) Will Want To Turn Around Its Return Trends
Article: To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at **Costamare** (NYSE:CMRE), it didn't seem to tick all of these boxes. **Understanding Return On Capital Employed (ROCE)**For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Costamare: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.074 = US$287m ÷ (US$4.2b - US$355m) (Based on the trailing twelve months to September 2021).Therefore, **Costamare has an ROCE of 7.4%.** Ultimately, that's a low return and it under-performs the Shipping industry average of 10%.[roce](https://images.simplywall.st/asset/chart/33026309-roce-1-dark/1643366598973) NYSE:CMRE Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Costamare compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Costamare [here ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****What Can We Tell From Costamare's ROCE Trend?**In terms of Costamare's historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 9.4% over the last five years. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. **The Bottom Line On Costamare's ROCE** While returns have fallen for Costamare in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. And the stock has done incredibly well with a 206% return over the last five years, so long term investors are no doubt ecstatic with that result. So should these growth trends continue, we'd be optimistic on the stock going forward.On a final note, we found [ 3 warning signs for Costamare (1 doesn't sit too well with us) ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) you should be aware of. While Costamare isn't earning the highest return, check out this **free** [list of companies that are earning high returns on equity with solid balance sheets.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcyNDpmYTE3ZDg2YmEwZjgxY2Yx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: JetBlue Airways (JBLU) Posts Narrower-Than-Expected Q4 Loss
Article: **JetBlue Airways** [JBLU](https://www.nasdaq.com/market-activity/stocks/jblu) incurred a fourth-quarter 2021 loss (excluding 4 cents from non-recurring items) of 36 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 40 cents. This was the eighth successive quarterly loss posted by this currently Zacks Rank #4 (Sell) low-cost carrier. **JetBlue Airways Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart)[JetBlue Airways Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart) | [JetBlue Airways Corporation Quote](https://www.nasdaq.com/market-activity/stocks/jblu) Quarterly loss per share was also narrower than the year-ago loss of $1.53.Operating revenues of $1,834 million skyrocketed more than 177% year over year and also surpassed the Zacks Consensus Estimate of $1,829.9 million. This massive year-over-year jump reflects improving air-travel demand. However, revenues decreased 7%, sequentially, mainly due to the omicron crisis. Moreover, quarterly revenues declined 9.7% from the fourth-quarter 2019 actuals.Passenger revenues, accounting for the bulk of the top line (92.4%), increased to $1,695 million in fourth-quarter 2021 from a mere $606 million a year ago when the impact of coronavirus on air-travel demand was much severe. Other revenues surged in excess of 100% to $139 million. **Other Details** All comparisons are presented on a year-over-year basis. Revenue per available seat mile (RASM: a key measure of unit revenues) in the reported quarter improved 54.6% to 12.06 cents. Passenger revenue per available seat mile (PRASM) surged 55.9% to 11.15 cents owing to better air-travel demand. Average fare at JetBlue during the quarter increased 9% to $196.76. Yield per passenger mile shot up 7% year over year to 14.58 cents.Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) skyrocketed 161.6% in the reported quarter. To cater to this increased demand, capacity (measured in available seat miles) expanded 79.4% to 15,211 million. Consolidated load factor (percentage of seats filled by passengers) increased 24 percentage points to 76.4% in the fourth quarter of 2021 as traffic growth outpaced capacity expansion. In the fourth quarter, total operating expenses (on a reported basis) escalated 75.1% to $1,953 million, mainly due to a 244.7% rise in aircraft fuel expenses and related taxes. Average fuel price per gallon (including related taxes) climbed to $2.37 from $1.31 a year ago as oil prices move north.JetBlue’s operating expenses per available seat mile (CASM) fell 2.4% to 12.84 cents. Excluding fuel, the metric declined 21.5% to 9.66 cents.JetBlue, currently carrying a Zacks Rank #4 (Sell), exited the fourth quarter of 2021 with cash and cash equivalents of $2,018 million compared with $1,918 million at the end of 2020. Total debt at the end of the reported quarter was $4,006 million compared with $4,863 million at 2020 end. During the quarter, JBLU paid off debt worth $120 million.JetBlue exited the December quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments, reflecting 35% of the 2019 levels. Adjusted EBITDA in the quarter was $31 million, toward the better end of the guided range of ($50)-$50 million.You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Outlook** Due to the omicron-induced turbulence, JetBlue reduced its scheduled flights for the current quarter. While providing guidance for first-quarter 2022, management stated that all comparisons are made with respect to the first quarter of 2019. Capacity is anticipated in the range of (1)-2% compared with the figure reported in the first quarter of 2019. CASM, excluding fuel and special items, is predicted to rise 13-15%.Total revenues are forecast to drop in the 11-16% range. Average fuel cost per gallon in the March quarter is estimated to be $2.59. Fuel consumption is expected to be roughly 195 million gallons in the first quarter of 2022. Capital expenditures in the March quarter are anticipated to be roughly $175 million.Management expects the omicron impact to be short term. Per JetBlue CEO Robin Hayes, “While Omicron has temporarily weighed on demand in the very near term, we expect sequential month-on-month improvement through the quarter, ultimately returning to sustained profitability in the spring and beyond. Furthermore, were it not for Omicron, we believe we would have generated higher revenue this quarter than in the first quarter of 2019.”For 2022, capacity is expected to increase in the 11-15% range from the 2019 levels. CASM, excluding fuel and special items, is predicted to rise 1-5% from the 2019 actuals. **Sectorial Snapshots** Within the broader [Transportation](https://www.zacks.com/stocks/industry-rank/sector/transportation-15) sector, **J.B. Hunt Transport Services** [JBHT](https://www.nasdaq.com/market-activity/stocks/jbht) , **United Airlines** [UAL](https://www.nasdaq.com/market-activity/stocks/ual) and **Delta Air Lines** [DAL](https://www.nasdaq.com/market-activity/stocks/dal) recently reported fourth-quarter 2021 results. J.B. Hunt Transport Services reported fourth-quarter 2021 earnings of $2.28 per share, surpassing the Zacks Consensus Estimate of $1.99. The bottom line surged 58.3% year over year on the back of higher revenues across all segments.JBHT’s operating revenues of $3,497 million also outperformed the Zacks Consensus Estimate of $3,287.8 million. The top line jumped 27.7% year over year. Total operating revenues, excluding fuel surcharges, rose 21.7% year over year.United Airlines incurred a loss (excluding 39 cents from non-recurring items) of $1.60 per share in the fourth quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.23. The amount of loss narrowed by 77.1% year over year.UAL’s operating revenues of $8,192 million also outperformed the Zacks Consensus Estimate of $7,930.9 million. The top line surged more than 100% year over year, with passenger revenues, accounting for 84% of the top line, having soared 185.4% to $6,878 million.Delta reported fourth-quarter 2021 earnings (excluding 86 cents from non-recurring items) of 22 cents per share, outpacing the Zacks Consensus Estimate of 15 cents. Earnings came against the year-ago quarter’s loss of $2.53 per share. Strong holiday travel demand and favorable pricing aided the December-quarter results. DAL’s revenues came in at $9,470 million, which not only beat the Zacks Consensus Estimate of $9,232.1 million but also skyrocketed more than 100% from the year-ago figure as people resorted to air travel during the holidays. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [JetBlue Airways Corporation (JBLU): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBLU&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Delta Air Lines, Inc. (DAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [United Airlines Holdings Inc (UAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBHT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859337/jetblue-airways-jblu-posts-narrower-than-expected-q4-loss?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap
Article: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Best Momentum Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 28th:**ServisFirst Bancshares** [SFBS](https://www.nasdaq.com/market-activity/stocks/sfbs): This bank holding company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. **ServisFirst Bancshares, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart)[ServisFirst Bancshares, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs) ServisFirst Bancshares’ shares gained 3.2% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **ServisFirst Bancshares, Inc. Price** [](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price)[ServisFirst Bancshares, Inc. price](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs)**Hanmi Financial** [HAFC](https://www.nasdaq.com/market-activity/stocks/hafc): This holding company for Hanmi Bank, one of the leading banks providing services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **Hanmi Financial Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart)[Hanmi Financial Corporation price-consensus-chart](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc) Hanmi Financial’s shares gained 19.6% over the last three month compared with the S&P 500’s decline of 6.4%. 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Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: Best Momentum Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 28th:**ServisFirst Bancshares** [SFBS](https://www.nasdaq.com/market-activity/stocks/sfbs): This bank holding company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. **ServisFirst Bancshares, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart)[ServisFirst Bancshares, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs) ServisFirst Bancshares’ shares gained 3.2% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **ServisFirst Bancshares, Inc. Price** [](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price)[ServisFirst Bancshares, Inc. price](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs)**Hanmi Financial** [HAFC](https://www.nasdaq.com/market-activity/stocks/hafc): This holding company for Hanmi Bank, one of the leading banks providing services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **Hanmi Financial Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart)[Hanmi Financial Corporation price-consensus-chart](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc) Hanmi Financial’s shares gained 19.6% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A. **Hanmi Financial Corporation Price** [](https://www.zacks.com/stock/chart/HAFC/fundamental/price?icid=chart-HAFC-fundamental/price)[Hanmi Financial Corporation price](https://www.zacks.com/stock/chart/HAFC/fundamental/price?icid=chart-HAFC-fundamental/price) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) KeyCorp’s shares gained 6.1% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A. **KeyCorp Price** [](https://www.zacks.com/stock/chart/KEY/fundamental/price?icid=chart-KEY-fundamental/price)[KeyCorp price](https://www.zacks.com/stock/chart/KEY/fundamental/price?icid=chart-KEY-fundamental/price) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here.](https://www.zacks.com/education/stock-scorecard/momentum-trading)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_267_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Hanmi Financial Corporation (HAFC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HAFC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [ServisFirst Bancshares, Inc. (SFBS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SFBS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858991/best-momentum-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Zacks Investment Research](http://www.zacks.com/)
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Symbol: MTTR
Security: Matterport, Inc.
Related Stocks/Topics: META|Markets|RBLX|NVDA|U
Title: 7 Metaverse Stocks That Future-Thinking Investors Need to Know About
Type: News
Publication: InvestorPlace
Publication Author: Alex Sirois
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) By now, even the most casual investor has become aware of the newest hot investing niche: The metaverse. It has long been speculated that metaverse growth will prompt early, speculative capital to flood into the sector en masse. The general notion was that it was more a question of when, not if, metaverse stocks would catch on. It was an Oct. 28 announcement that galvanized that momentum to new heights. And now here we are, in late January talking about metaverse stocks that forward-thinking investors need to know about.Investors want to know more about companies with an early edge in the sector. And generally, they just want to understand the metaverse itself more completely. I’ll add a caveat: No one knows where metaverse stocks are going as of now. They are very analogous to EV stocks in 2021. They’re very likely to follow a similar path and gain an increasing share of attention. So, pay attention to valuation as they catch on. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) That word of caution aside, let’s jump into the leading names in the emerging metaverse space. - **Meta Platforms**(NASDAQ: [FB](https://investorplace.com/stock-quotes/fb-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Roblox** (NYSE: [RBLX](https://investorplace.com/stock-quotes/rblx-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Matterport** (NASDAQ: [MTTR](https://investorplace.com/stock-quotes/mttr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Nvidia** (NASDAQ: [NVDA](https://investorplace.com/stock-quotes/nvda-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Unity Software** (NYSE: [U](https://investorplace.com/stock-quotes/u-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Autodesk** (NASDAQ: [ADSK](https://investorplace.com/stock-quotes/adsk-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) ****Metaverse Stocks for Future-Thinking Investors: Meta Platforms ([FB](https://www.nasdaq.com/market-activity/stocks/FB)))**** [Meta logo is shown on a device screen. Meta is the new corporate name of Facebook.](https://investorplace.com/wp-content/uploads/2021/11/fb-stock-meta-1600-300x169.jpg) Source: Blue Planet Studio / Shutterstock.com When Meta Platforms last announced [earnings](https://investor.fb.com/investor-news/press-release-details/2021/Facebook-Reports-Third-Quarter-2021-Results/default.aspx) on Oct. 25 it was still known as Facebook. The company continued to perform exceptionally well. Revenues, driven by advertising, increased at an impressive rate, while net income growth also grew, albeit somewhat slower. The market dinged Facebook slightly, but it was really more because of the success investors have come to expect from the tech giant.A few days later Facebook CEO Mark Zuckerberg introduced Meta at a conference called Connect 21. The explicit purpose was to bring the metaverse to life. That prompted questions about what the metaverse is. And the company’s [explanation of the metaverse](https://about.fb.com/news/2021/10/facebook-company-is-now-meta/) is a clear one: “The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can’t be together — and do things together you couldn’t do in the physical world.”There’s a lot one could say about that previous snippet. Reactions run the gamut. Taking the moderate view, one thing becomes very clear: Meta Platforms will play a large role in the metaverse if it has its way. The pivot is a clear sign it remains a central figure to watch. ****Roblox ([RBLX](https://www.nasdaq.com/market-activity/stocks/RBLX)))**** [Roblox Stock IPO](https://investorplace.com/wp-content/uploads/2021/03/rblx1600-300x169.jpg) Source: Miguel Lagoa / Shutterstock.comIn my opinion, Roblox is one of the most interesting stocks for providing insight into the metaverse. From a 10,000 foot view, Roblox is a platform that allows users to create and interact in multiple virtual worlds. These games have an in-game currency called Robux, which is used to purchase virtual goods. So, it truly goes to show the commercial applicability behind why the metaverse has so many excited. There are developers who have created worlds from which they can extract Robux, which can then be exchanged into real currencies. Young developers — the user base skews young — have created commerce machines in the Roblox ecosystem. They will gain notoriety and riches moving forward.It’s a difficult concept to grasp in some sense. Many question why anyone would spend money on digital goods. After all, a digital Gucci bag isn’t the same thing as a real one, right? Well, no one really knows right now. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) I’m not creating a hypothetical use case when I refer to Gucci of course. Instead I’m referring to [Gucci Garden](https://roblox.fandom.com/wiki/Gucci_Garden). It was an event that ran between May 17 and May 31, 2021. Gucci branded digital items were one sale for Robux during the event. Reactions were mixed, but it suggests monetization of the metaverse is far from a pipe dream. ****Metaverse Stocks for Future-Thinking Investors:****Matterport ([MTTR](https://www.nasdaq.com/market-activity/stocks/MTTR)))**** [An image of a warehouse traced with white abstract lines](https://investorplace.com/wp-content/uploads/2021/12/mttr1600-2-300x169.jpg) Source: MatterportThe metaverse will incorporate many facets of the real world. And there are multiple ways to approach any potential investment in the metaverse. Hardware, software, and development of metaverse spaces to name a few. Another avenue is real estate. But how might that play out? Investors can’t buy physical homes or offices in a digital world per se. But Matterport offers a service that touches on the intersection of real estate and the metaverse. The company is focused on creating digital copies of real world places and objects, which it calls digital twins. So, if you desire to walk around a dimensionally accurate digital New York City you will be able to.The firm sees the [commercial value](https://matterport.com/what-digital-twin) thusly: “A Matterport digital twin is the most accurate virtual 3D model of a real place – whether it be a room, an entire building, or an outdoor space. Digital twins enable industries like real estate, hospitality, construction, and insurance to simplify how they work and connect with customers and vendors.”Matterport isn’t experiencing a strong period currently, however. Yet, many see its potential as too good to pass up at current prices. They don’t believe that the firm’s previously [reduced revenue outlook](https://seekingalpha.com/news/3765375-matterport-slumps-15-after-cutting-revenue-outlook) much matters in the grander scheme of things. ****Nvidia ([NVDA](https://www.nasdaq.com/market-activity/stocks/NVDA)))**** [NVIDIA (<a href=](https://investorplace.com/wp-content/uploads/2019/09/nvda-stock-1600-1-1-300x169.jpg) NVDA) logo on wall" width="300" height="169">Source: JHVEPhoto / Shutterstock.comNvidia is already one of the most heralded and recommended stocks there is. Wall Street remains high on Nvidia for multiple reasons. The semiconductor firm touches on gaming, crypto, data center, automobiles and the metaverse among many others. In fact, **Bank of America** (NYSE: [BAC](https://investorplace.com/stock-quotes/bac-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) recently named it as its [best semiconductor](https://www.nasdaq.com/articles/bank-of-america-pounds-the-table-on-nvidia-stock) stock. BoA analyst Vivek Arya had this to say following an interview with Nvidia’s CFO: “We continue to believe the company is best positioned to address several of the most important, multi-decade secular growth opportunities with its unique, highly-leverageable accelerated compute platform.” - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) Nvidia’s approach to the metaverse is its [Omniverse Platform](https://www.nvidia.com/en-us/omniverse/). It offers a lot of the same things many other early metaverse plays do: An open platform for virtual collaboration and physically accurate simulations. It includes things like digital twins and avatars. Clearly firms including Matterport aren’t playing alone in developing exclusive niches of the metaverse. Nvidia will be there. It’s attractive for a multitude of reasons, not least of which is projected growth. ****Metaverse Stocks for Future-Thinking Investors:****Unity Software ([U](https://www.nasdaq.com/market-activity/stocks/U)))**** [A developer works on a 3D racing game in the Unity engine on a laptop.](https://investorplace.com/wp-content/uploads/2021/06/unity_game_engine_1600-300x169.jpg) Source: Konstantin Savusia / Shutterstock.comUnity Software might not be a household name like some of the other stocks on this list. But if you or someone you know is a gamer, Unity Software has likely touched your life. That’s because Unity Software is utilized in [71% of the top 1,000 games](https://unity.com/our-company). More than 50% of mobile, PC, and console games were made with Unity. So, despite its relatively lesser known name, it is ubiquitous.The company’s software is highly leveraged in building current 2D and 3D gaming worlds. It is then very likely that the company will carve out a significant role in the metaverse. Unity Software also [recently acquired](https://www.awn.com/news/its-done-unity-completes-weta-digital-acquisition) Weta Digital back in December. That acquisition was done with the metaverse in mind: “Weta’s incredibly exclusive and sophisticated visual effects (VFX) tools into the hands of millions of creators and artists around the world, and once integrated onto the Unity platform, enable the next generation of RT3D creativity and shape the future of the metaverse.” It certainly makes Unity a company worth paying attention to as the metaverse evolves. ****Autodesk (ADSK)**** [An Autodesk (ADSK) sign on an office in Toronto, Canada.](https://investorplace.com/wp-content/uploads/2019/11/autodesk_adsk1600-300x169.jpg) Source: JHVEPhoto / Shutterstock.comAutodesk stock is one with strong potential based on its average target price. It currently trades near $230, but the 20+ analysts with coverage collectively agree that it could move to [nearly $330](https://www.wsj.com/market-data/quotes/ADSK/research-ratings).That’s nice to know in general, but it does little to help us understand what Autodesk has to do with the metaverse. Perhaps that’s because of the company’s name. If the ‘auto’ in Autodesk’s name conjured up images of the automotive industry, you wouldn’t be alone. But the company actually deals with AutoCAD design, in other words computer aided design.Autodesk is a standard bearer in the CAD world. Historically that has meant that developers use the software to create renderings for building, infrastructural and construction projects. But developers are venturing into gaming , entertainment and the metaverse leveraging Autodesk. ADSK stock decreased in dramatic fashion back in November. Strong earnings surpassed expectations. That generally translates to increasing stock prices. However, the firm also provided [guidance that disappointed](https://www.barrons.com/articles/autodesk-stock-price-earnings-outlook-51637708149) Wall Street at the same time. Prices fell from $330 down to $250 quickly. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) A contrarian move would be to simply ignore the bearish take, and consider ADSK stock in light of metaverse considerations. ****Metaverse Stocks for Future-Thinking Investors:****Microsoft (MSFT)**** [The logo for Activision Blizzard is shown on a phone screen in front of the Microsoft logo.](https://investorplace.com/wp-content/uploads/2022/01/atvi-msft-1600-300x169.png) Source: Sergei Elagin / Shutterstock.comLast but not least on this list is Microsoft. Facebook might have been the first, and most vocal tech giant to embrace the metaverse, but it would be foolish to assume it is the only one.The most important metaverse news for Microsoft is its $75 billion acquisition of **Activision Blizzard**(NASDAQ: [ATVI](https://investorplace.com/stock-quotes/atvi-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Microsoft let its reasoning be known: It is a pathway to the metaverse. If video games are to be an entry into the metaverse as many analysts expect, Activision Blizzard is a logical purchase. The executives from both companies were explicitly implying that is the case. They mentioned metaverse multiple times while announcing the acquisition.No one knows much about what the acquisition means for the metaverse in the longer term, but that’s not the point. It’s a greater signal that another of the tech giants appreciate the magnitude of the metaverse moving forward.On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.The post [7 Metaverse Stocks That Future-Thinking Investors Need to Know About](https://investorplace.com/2022/01/7-metaverse-stocks-that-future-thinking-investors-need-to-know-about/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 10.0924
Stock Price 2 days before: 9.65347
Stock Price 1 day before: 8.60442
Stock Price at release: 7.63344
Risk-Free Rate at release: 0.0004
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Broader Economic Information:
Date: 2022-01-28
Title: Daqo New Energy (DQ) Stock Sinks As Market Gains: What You Should Know
Article: Daqo New Energy (DQ) closed at $35.87 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the solar panel parts maker had lost 11.9% over the past month. This has lagged the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. The company is expected to report EPS of $3.58, up 272.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $765.4 million, up 208.97% from the year-ago period.Investors should also note any recent changes to analyst estimates for Daqo New Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Daqo New Energy is currently a Zacks Rank #3 (Hold).In terms of valuation, Daqo New Energy is currently trading at a Forward P/E ratio of 2.59. Its industry sports an average Forward P/E of 16.26, so we one might conclude that Daqo New Energy is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [DAQO New Energy Corp. (DQ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DQ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859384/daqo-new-energy-dq-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384)
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Tilray Has More Market Share in This Country Than in Canada
Article: The U.S. pot market is the golden goose for the marijuana industry. According to analysts from cannabis research firm BDSA, it will be worth $34.5 billion by 2025. That's nearly six times the Canadian market, which will only be at a value of $6.1 billion by then. And internationally, cannabis sales may not be much higher at $6.5 billion.With the U.S. pot market off-limits to Canadian [marijuana company](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) **Tilray** [(NASDAQ: TLRY)](https://www.nasdaq.com/market-activity/stocks/tlry), the business has been forced to look to other markets to grow its operations. And one surprising consequence of that is the business now has more market share in a European country than it does in its home base. [A farmer holding a tablet in a hemp field.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662119%2Fa-farmer-holding-a-tablet-in-a-hemp-field.jpg&w=700) Image source: Getty Images. **Tilray's market share in Germany is 20%**On Tilray's [most recent earnings call](https://www.fool.com/earnings/call-transcripts/2022/01/10/tilray-inc-tlry-q2-2022-earnings-call-transcript/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866), the company said it was a market leader in Germany with a market share of around 20%. A big reason for this is that the company says it has a state-of-the-art cultivation facility in the country. Plus, with its German subsidiary CC Pharma having "preferred access" to 13,000 pharmacies, that has positioned it for some excellent opportunities in the country. According to Tilray, it is the only company that is providing the German government with medical marijuana that is made within the country.Germany is one of the top European markets for cannabis right now. While it only allows for medical marijuana, a new coalition government is looking to legalize pot for recreational use. With more than 83 million people (more than double the size of Canada), it's easy to see why Germany could be a potentially hot market for cannabis producers to enter, especially if the U.S. remains unavailable. **Market share in Canada is slipping** The German marijuana market is still in its early stages but Canada's industry is much further along, and more competitive. Recreational marijuana use was legalized in 2018, and there are now more than 800 companies that are licensed cultivators, processors, and sellers in the country fighting for market share.All that competition is making it difficult for a company like Tilray to grow its market share in the country. The company noted that for the period ending Nov. 30, 2021, its market share in Canada dropped to 12.8% (previously it was 16%). Blair MacNeil, who is the president of Tilray's Canadian business, said in January that the company is facing an "intensive price-competitive market" but that it won't get too deep into price cutting as it "will not severely compromise margins." But Tilray may need to do something as it is nowhere near its goal of hitting 30% market share in Canada. It suggests to me that [more acquisitions could be a key part of the company's strategy](https://www.fool.com/investing/2021/10/21/could-tilray-make-another-acquisition/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) to help reach that goal. **Is Tilray a Buy?**Tilray will likely lose some market share in Germany as more cannabis countries expand into Europe. Multi-state operator **Curaleaf Holdings**, which is a leading U.S. pot stock, set up Curaleaf International last year in an effort to penetrate the European market and is an example of a possible rival Tilray may need to worry about in the future. So while Tilray is dominating the market today, investors shouldn't get too comfortable.And in Canada, unless Tilray slashes its prices, which, in turn, could devastate its bottom line (it posted a [surprise profit last quarter](https://www.fool.com/investing/2022/01/19/3-charts-that-sum-up-tilrays-q2-earnings/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866)), acquisitions may be the best option to grow its market share. That move, however, could lead to dilution for existing shareholders.There's no easy answer for the company and that's what undoubtedly makes Tilray a bit of a risky buy right now. But with the company generating more than $150 million in sales in each of the past two quarters, it's a leading marijuana business in Canada that's still arguably the best pot stock in the country. Its [long-term growth plans](https://www.fool.com/investing/2021/08/05/can-tilray-really-more-than-quadruple-its-annual-r/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) coupled with the stock trading at 52-week lows could make this an attractive buy on the dip -- as long as you're willing to hang on for what could be some challenging months (and maybe years) ahead for the business. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. **** And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=068d5362-58eb-4fe2-a2d2-34d8a9937866) [David Jagielski](https://boards.fool.com/profile/TMFdjagielski/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans
Article: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [[email protected]](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At CNDT
Article: In trading on Friday, shares of Conduent Inc (Symbol: CNDT) touched a new 52-week low of $4.49/share. That's a $4.01 share price drop, or -47.18% decline from the 52-week high of $8.50 set back on 06/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for CNDT that means the stock would have to gain 89.31% to get back to the 52-week high. For a move like that, Conduent Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as CNDT shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, CNDT has seen 4 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/10/2021 & A. Scott Letier & Director & 10,000 & $6.89 & $68,900.00 \\ \hline 08/10/2021 & Clifford Skelton & President and CEO & 14,970 & $6.68 & $99,999.60 \\ \hline 08/12/2021 & Mark Prout & EVP, Chief Information Officer & 3,000 & $7.07 & $21,219.00 \\ \hline 08/26/2021 & Mark Simon Brewer & EVP, Transportation & 3,703 & $6.75 & $24,995.25 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where CNDT has traded over the past year, with the 50-day and 200-day moving averages included. [Conduent Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for CNDT shares, which are presently showing a last trade of $4.54/share, slightly above the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Broader Sector Information:
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover
Article: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: LC
Security: LendingClub Corporation
Related Stocks/Topics: INDO|Stocks
Title: Thursday Market Update: Why Were Stocks Up Today?
Type: News
Publication: InvestorPlace
Publication Author: William White
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 20.852
Stock Price 2 days before: 19.3646
Stock Price 1 day before: 16.1715
Stock Price at release: 16.7178
Risk-Free Rate at release: 0.0004
| 18.3501 |
Broader Economic Information:
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
Date: 2022-01-28
Title: Bank7 (BSVN) Lags Q4 Earnings Estimates
Article: Bank7 (BSVN) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.22%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surprise of 7.81%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Bank7, which belongs to the Zacks Banks - Southeast industry, posted revenues of $14.74 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $12.9 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Bank7 shares have added about 1.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Bank7?**While Bank7 has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/BSVN/earnings-calendar), the estimate revisions trend for Bank7: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $16.2 million in revenues for the coming quarter and $2.95 on $63.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. RE/MAX (RMAX), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 23.This franchisor of residential real estate brokerages is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +14.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.RE/MAX's revenues are expected to be $88.95 million, up 22.8% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Bank7 Corp. (BSVN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BSVN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [REMAX Holdings, Inc. (RMAX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RMAX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859081/bank7-bsvn-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Don't Ignore The Fact That This Insider Just Sold Some Shares In HCI Group, Inc. (NYSE:HCI)
Article: Investors may wish to note that the VP, General Counsel & Company Secretary of **HCI Group, Inc. **, Andrew Graham, recently netted US$54k from selling stock, receiving an average price of US$68.89. However we note that the sale only shrunk their holding by 0.7%. **HCI Group Insider Transactions Over The Last Year** In fact, the recent sale by Andrew Graham was the biggest sale of HCI Group shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$64.00. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NYSE:HCI Insider Trading Volume January 28th 2022I will like HCI Group better if I see some big insider buys. While we wait, check out this **free** [list of growing companies with considerable, recent, insider buying.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874714&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of HCI Group** I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. HCI Group insiders own 18% of the company, currently worth about US$119m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. **So What Do The HCI Group Insider Transactions Indicate?**An insider hasn't bought HCI Group stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - HCI Group has [5 warning signs](https://simplywall.st/stocks/us/insurance/nyse-hci/hci-group?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) we think you should be aware of.But note: **HCI Group may not be the best stock to buy**. So take a peek at this **free** [list of interesting companies with high ROE and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874714&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcxNDozNGM3NTlhN2M2MzA5MWVi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: JetBlue Airways (JBLU) Posts Narrower-Than-Expected Q4 Loss
Article: **JetBlue Airways** [JBLU](https://www.nasdaq.com/market-activity/stocks/jblu) incurred a fourth-quarter 2021 loss (excluding 4 cents from non-recurring items) of 36 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 40 cents. This was the eighth successive quarterly loss posted by this currently Zacks Rank #4 (Sell) low-cost carrier. **JetBlue Airways Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart)[JetBlue Airways Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/JBLU/price-consensus-eps-surprise-chart?icid=chart-JBLU-price-consensus-eps-surprise-chart) | [JetBlue Airways Corporation Quote](https://www.nasdaq.com/market-activity/stocks/jblu) Quarterly loss per share was also narrower than the year-ago loss of $1.53.Operating revenues of $1,834 million skyrocketed more than 177% year over year and also surpassed the Zacks Consensus Estimate of $1,829.9 million. This massive year-over-year jump reflects improving air-travel demand. However, revenues decreased 7%, sequentially, mainly due to the omicron crisis. Moreover, quarterly revenues declined 9.7% from the fourth-quarter 2019 actuals.Passenger revenues, accounting for the bulk of the top line (92.4%), increased to $1,695 million in fourth-quarter 2021 from a mere $606 million a year ago when the impact of coronavirus on air-travel demand was much severe. Other revenues surged in excess of 100% to $139 million. **Other Details** All comparisons are presented on a year-over-year basis. Revenue per available seat mile (RASM: a key measure of unit revenues) in the reported quarter improved 54.6% to 12.06 cents. Passenger revenue per available seat mile (PRASM) surged 55.9% to 11.15 cents owing to better air-travel demand. Average fare at JetBlue during the quarter increased 9% to $196.76. Yield per passenger mile shot up 7% year over year to 14.58 cents.Reflecting the uptick in air-travel demand, consolidated traffic (measured in revenue passenger miles) skyrocketed 161.6% in the reported quarter. To cater to this increased demand, capacity (measured in available seat miles) expanded 79.4% to 15,211 million. Consolidated load factor (percentage of seats filled by passengers) increased 24 percentage points to 76.4% in the fourth quarter of 2021 as traffic growth outpaced capacity expansion. In the fourth quarter, total operating expenses (on a reported basis) escalated 75.1% to $1,953 million, mainly due to a 244.7% rise in aircraft fuel expenses and related taxes. Average fuel price per gallon (including related taxes) climbed to $2.37 from $1.31 a year ago as oil prices move north.JetBlue’s operating expenses per available seat mile (CASM) fell 2.4% to 12.84 cents. Excluding fuel, the metric declined 21.5% to 9.66 cents.JetBlue, currently carrying a Zacks Rank #4 (Sell), exited the fourth quarter of 2021 with cash and cash equivalents of $2,018 million compared with $1,918 million at the end of 2020. Total debt at the end of the reported quarter was $4,006 million compared with $4,863 million at 2020 end. During the quarter, JBLU paid off debt worth $120 million.JetBlue exited the December quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments, reflecting 35% of the 2019 levels. Adjusted EBITDA in the quarter was $31 million, toward the better end of the guided range of ($50)-$50 million.You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Outlook** Due to the omicron-induced turbulence, JetBlue reduced its scheduled flights for the current quarter. While providing guidance for first-quarter 2022, management stated that all comparisons are made with respect to the first quarter of 2019. Capacity is anticipated in the range of (1)-2% compared with the figure reported in the first quarter of 2019. CASM, excluding fuel and special items, is predicted to rise 13-15%.Total revenues are forecast to drop in the 11-16% range. Average fuel cost per gallon in the March quarter is estimated to be $2.59. Fuel consumption is expected to be roughly 195 million gallons in the first quarter of 2022. Capital expenditures in the March quarter are anticipated to be roughly $175 million.Management expects the omicron impact to be short term. Per JetBlue CEO Robin Hayes, “While Omicron has temporarily weighed on demand in the very near term, we expect sequential month-on-month improvement through the quarter, ultimately returning to sustained profitability in the spring and beyond. Furthermore, were it not for Omicron, we believe we would have generated higher revenue this quarter than in the first quarter of 2019.”For 2022, capacity is expected to increase in the 11-15% range from the 2019 levels. CASM, excluding fuel and special items, is predicted to rise 1-5% from the 2019 actuals. **Sectorial Snapshots** Within the broader [Transportation](https://www.zacks.com/stocks/industry-rank/sector/transportation-15) sector, **J.B. Hunt Transport Services** [JBHT](https://www.nasdaq.com/market-activity/stocks/jbht) , **United Airlines** [UAL](https://www.nasdaq.com/market-activity/stocks/ual) and **Delta Air Lines** [DAL](https://www.nasdaq.com/market-activity/stocks/dal) recently reported fourth-quarter 2021 results. J.B. Hunt Transport Services reported fourth-quarter 2021 earnings of $2.28 per share, surpassing the Zacks Consensus Estimate of $1.99. The bottom line surged 58.3% year over year on the back of higher revenues across all segments.JBHT’s operating revenues of $3,497 million also outperformed the Zacks Consensus Estimate of $3,287.8 million. The top line jumped 27.7% year over year. Total operating revenues, excluding fuel surcharges, rose 21.7% year over year.United Airlines incurred a loss (excluding 39 cents from non-recurring items) of $1.60 per share in the fourth quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.23. The amount of loss narrowed by 77.1% year over year.UAL’s operating revenues of $8,192 million also outperformed the Zacks Consensus Estimate of $7,930.9 million. The top line surged more than 100% year over year, with passenger revenues, accounting for 84% of the top line, having soared 185.4% to $6,878 million.Delta reported fourth-quarter 2021 earnings (excluding 86 cents from non-recurring items) of 22 cents per share, outpacing the Zacks Consensus Estimate of 15 cents. Earnings came against the year-ago quarter’s loss of $2.53 per share. Strong holiday travel demand and favorable pricing aided the December-quarter results. DAL’s revenues came in at $9,470 million, which not only beat the Zacks Consensus Estimate of $9,232.1 million but also skyrocketed more than 100% from the year-ago figure as people resorted to air travel during the holidays. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [JetBlue Airways Corporation (JBLU): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBLU&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Delta Air Lines, Inc. (DAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [United Airlines Holdings Inc (UAL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UAL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=JBHT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859337/jetblue-airways-jblu-posts-narrower-than-expected-q4-loss?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859337) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Is Superior Group of Companies, Inc. (NASDAQ:SGC) Popular Amongst Insiders?
Article: A look at the shareholders of Superior Group of Companies, Inc. (NASDAQ:SGC) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.Superior Group of Companies is not a large company by global standards. It has a market capitalization of US$315m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Superior Group of Companies. [ownership-breakdown](https://images.simplywall.st/asset/chart/306113-ownership-breakdown-1-dark/1643383398246) NasdaqGM:SGC Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About Superior Group of Companies?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Superior Group of Companies does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Superior Group of Companies' earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/306113-earnings-and-revenue-growth-1-dark/1643383400691) NasdaqGM:SGC Earnings and Revenue Growth January 28th 2022Hedge funds don't have many shares in Superior Group of Companies. Looking at our data, we can see that the largest shareholder is Benstock-Superior Ltd. with 17% of shares outstanding. Wasatch Advisors Inc. is the second largest shareholder owning 6.4% of common stock, and Dimensional Fund Advisors L.P. holds about 6.3% of the company stock. In addition, we found that Michael Benstock, the CEO has 4.1% of the shares allocated to their name. On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of Superior Group of Companies** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of Superior Group of Companies, Inc.. Insiders own US$43m worth of shares in the US$315m company. This may suggest that the founders still own a lot of shares. You can [click here to see if they have been buying or selling.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Superior Group of Companies. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. **Private Company Ownership** It seems that Private Companies own 17%, of the Superior Group of Companies stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted [4 warning signs for Superior Group of Companies ](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. But ultimately **it is the future**, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at [this free report showing whether analysts are predicting a brighter future](https://simplywall.st/stocks/us/consumer-durables/nasdaq-sgc/superior-group-of-companies?blueprint=1875284&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4NDo0NmI0MWJkMDBlYmJiYTJi)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Leslie's, Inc. (LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Broader Sector Information:
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-29
Title: Thursday Market Update: Why Were Stocks Up Today?
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: FUBO
Security: fuboTV Inc.
Related Stocks/Topics: Stocks
Title: fuboTV Inc Shares Close the Week 21.4% Lower - Weekly Wrap
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed this week 21.4% lower than it did at the end of last week. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $10.73 and as low as $8.74 this week. - Shares closed 81.9% below its 52-week high and 12.6% above its 52-week low. - Trading volume this week was 11.2% lower than the 10-day average and 18.2% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 2.2% higher than its 5-day moving average, 22.3% lower than its 20-day moving average, and 53.7% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 9.99055
Stock Price 2 days before: 9.61642
Stock Price 1 day before: 8.89415
Stock Price at release: 9.51573
Risk-Free Rate at release: 0.0004
| 7.97019 |
Broader Economic Information:
Date: 2022-01-29
Title: Thursday Market Update: Why Were Stocks Up Today?
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Monro Inc Shares Fall 4.3% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 4.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 8.5% year-to-date, down 4.6% over the past 12 months, and down 2.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 203.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 11.8% - The company's stock price performance over the past 12 months lags the peer average by -115.0% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 185.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Tompkins Financial Corporation Reports Record Full Year Earnings
Article: ITHACA, N.Y.--(BUSINESS WIRE)-- **Tompkins Financial Corporation (NYSE American: TMP)**For the year ended December 31, 2021 Tompkins Financial Corporation (the "Company") reported record diluted earnings per share of $6.05, up 16.4% from December 31, 2020. Net income for 2021 was $89.3 million, an increase of $11.7 million compared to the same period in 2020. Results for 2020 included a $16.8 million provision for credit losses recognized in the first quarter reflecting economic stress due to the COVID-19 pandemic.The Company reported diluted earnings per share of $1.33 for the fourth quarter of 2021, down 17.4% compared to $1.61 reported in the fourth quarter of 2020. Net income for the fourth quarter of 2021 was $19.5 million, a $4.5 million decrease when compared to the same period in 2020.Tompkins President and CEO, Stephen Romaine, commented, "We are pleased to report record earnings for the year ended December 31, 2021. Earnings per share for the quarter were down from the same period last year largely due to higher provision for credit losses in the current period, which included the charge-off of a commercial real estate relationship that was heavily impacted by pandemic related economic shut downs. Despite the loss recognized during the quarter, other credit quality metrics showed improvement from the most recent prior quarter, including reductions in nonperforming loans and loans in deferral status."SELECTED HIGHLIGHTS FOR THE PERIOD: - Total loans at December 31, 2021 were $5.1 billion compared to $5.3 billion at year-end 2020, which was driven by a decline of $220.0 million in loans under the U.S. Small Business Administration's Paycheck Protection Program ("PPP") at year-end 2021 compared to year-end 2020. Total loans, exclusive of PPP loan balances, were up for the second consecutive quarter. - Total nonperforming loans at December 31, 2021, declined by $14.6 million compared to December 31, 2020, while the ratio of total nonperforming loans and leases to total loans and leases dropped to 0.61% at year-end 2021 compared to 0.87% at year-end 2020. - Total noninterest-bearing deposits at December 31, 2021, were up 10.7% compared to December 31, 2020 and represented 31.5% of total deposits as of December 31, 2021. - Total revenue of $302.6 million for the year ended December 31, 2021, was up 1.2% over the same period last year, benefiting from growth in fee income business lines including insurance, wealth management, and card services. NET INTEREST INCOMENet interest income was $57.8 million for both the fourth quarter of 2021 and 2020. Net interest income was $223.8 million for year-to-date 2021, down from $225.3 million reported for the same period in 2020. Net interest income in 2021 included a $1.9 million purchase accounting charge related to the redemption of $15.2 million in trust preferred securities.Average loans for the year ended December 31, 2021 were in line with average loans for the year ended December 31, 2020. Average loan yields for the year ended December 31, 2021, were down 22 basis points compared to 2020, which reflects the impact of reductions in market interest rates in 2021 and 2020.Average total deposits for 2021 were up $735.3 million, or 12.0% compared to 2020. Average noninterest bearing deposits for 2021 were up $343.3 million or 19.6% compared to 2020. Average deposit balances benefited from PPP loan originations, the proceeds of which were primarily deposited in Tompkins checking accounts. For 2021, the average rate paid on interest-bearing deposit products decreased by 23 basis points from 2020. The total cost of interest-bearing liabilities for 2021 declined by 25 basis points to 0.35% from 2020.Net interest margin was 3.01% for the fourth quarter of 2021, up compared to the 2.89% reported for the third quarter of 2021, and down compared to the 3.12% reported for the fourth quarter of 2020. The improvement in fourth quarter 2021 net interest margin compared to the third quarter of 2021 was mainly due to a $1.9 million decrease in wholesale funding costs, driven largely by the redemption of $10.0 million of trust preferred securities and the prepayment of $135.0 million of FHLB borrowings in the third quarter of 2021. The redemption of the trust preferred securities resulted in a $1.2 million purchase accounting charge in the third quarter of 2021. The decline in fourth quarter net interest margin, when compared to the fourth quarter of 2020, was mainly due to a 27 basis point decrease in overall asset yields. The decrease in average asset yields was due to lower securities yields as well as a slight shift in the composition of average earning assets, with a greater mix of lower yielding securities and interest bearing balances, and a decrease in average loan balances reflecting lower PPP loan balances. The decrease in average asset yields was partially offset by lower average funding costs.NONINTEREST INCOMENoninterest income represented 24.9% of total revenues in the fourth quarter of 2021, compared to 24.6% in the same period in 2020. Noninterest income of $19.2 million for the fourth quarter of 2021 was up 1.7% compared to the same period in 2020. For the full year, noninterest income of $78.8 million was up 6.8% from 2020. When compared to prior year, 2021 insurance revenue was up $3.3 million, or 10.6%, and benefited from new business growth and rising premium rates for commercial and personal lines policies. Investment services experienced revenue growth of $1.9 million, or 10.7%, benefiting from successful business development efforts as well as increased fees tied to asset values in existing accounts. Card services income was up $1.6 million, or 16.9%, and is largely driven by customer spending activities that have increased with improved economic conditions as pandemic restrictions have eased.NONINTEREST EXPENSENoninterest expense was $48.2 million for the fourth quarter of 2021, up $1.5 million, or 3.3%, over the fourth quarter of 2020. For the full fiscal year, noninterest expense was $190.3 million, up $6.0 million, or 3.2%, over 2020. The year-to-date period in 2021 includes $2.9 million in penalties related to the prepayment of $135.0 million in FHLB fixed rate advances. Also contributing to the increase in noninterest expense for the year ended December 31, 2021 were normal annual increases in salaries and wages, which were up $3.5 million or 3.8% over 2020.INCOME TAX EXPENSEThe Company's effective tax rate was 21.7% for the fourth quarter of 2021, compared to 20.4% for the same period in 2020. The effective tax rate for the year ended December 31, 2021 was 22.0%, compared to 20.4% reported for 2020. The increase in the effective tax rate for the three months and year ended December 31, 2021 over the same periods in 2020 was due to a higher level of taxable income to total income.ASSET QUALITYImproved credit quality and improving macroeconomic trends contributed to a lower allowance for credit losses at December 31, 2021 when compared to December 31, 2020. The allowance for credit losses represented 0.84% of total loans and leases at December 31, 2021, down from 0.91% at September 30, 2021, and 0.98% at December 31, 2020. The ratio of the allowance to total nonperforming loans and leases was 137.49% at December 31, 2021, up compared to 76.15% at September 30, 2021 and 112.87% at December 31, 2020.The provision for credit loss expense for the fourth quarter of 2021 was $3.9 million compared to a credit of $205,000 for the same period in 2020. Provision expense for the year ended December 31, 2021 was a credit of $2.2 million, compared to an expense of $17.2 million for 2020. The provision for credit losses in 2020 included a provision expense of $16.8 million in the first quarter related to the impact of the economic condition related to COVID-19. Net charge-offs for the fourth quarter of 2021 were $7.0 million compared to net charge-offs of $630,000 reported in the fourth quarter of 2020. The fourth quarter of 2021 included a $7.0 million charge-off of a commercial real estate relationship that had previously been reported in nonperforming loans.Nonperforming assets represented 0.40% as of December 31, 2021, down from 0.75% at September 30, 2021, and 0.60% at December 31, 2020. At December 31, 2021 nonperforming loans and leases totaled $31.2 million, compared to $60.7 million at September 30, 2021, and $45.8 million at December 31, 2020.Special Mention and Substandard loans and leases totaled $137.6 million at December 31, 2021, reflecting improvement from $168.5 million at September 30, 2021, and $189.9 million at December 31, 2020.As previously announced, the Company implemented a payment deferral program in 2020 to assist both consumer and business borrowers that may be experiencing financial hardship due to COVID-19. As of December 31, 2021, total loans that continued in a deferral status amounted to approximately $4.5 million, representing 0.09% of total loans. At December 31, 2020 total loans in deferral status totaled $212.2 million.The Company began accepting applications for PPP loans on April 3, 2020, and had funded 2,998 loans totaling approximately $465.6 million when the initial program ended. On January 19, 2021, the Company began accepting both first draw and second draw applications for the reopening of the PPP program. The 2021 PPP program funding closed for new applications on May 12, 2021. The Company funded 2,142 applications totaling $228.5 million in 2021.Out of the aggregate $694.1 million of PPP loans that the Company funded, approximately $620.2 million have been forgiven by the SBA under the terms of the program as of December 31, 2021. Total net deferred fees on the remaining balance of PPP loans amounted to $3.0 million at December 31, 2021.CAPITAL POSITIONCapital ratios at December 31, 2021 remained well above the regulatory minimums for well-capitalized institutions. The ratio of Total Capital to Risk-Weighted Assets was 14.23% at December 31, 2021, compared to 14.21% at September 30, 2021, and 14.39% at December 31, 2020. The ratio of Tier 1 capital to average assets was 8.72% at December 31, 2021, compared to 8.54% at September 30, 2021, and 8.75% at December 31, 2020.During the fourth quarter of 2021, the Company repurchased 32,203 common shares at an aggregate cost of $2.6 million. These shares were purchased under the Company's Stock Repurchase Program announced in the third quarter of 2021. During 2021, the Company repurchased 304,513 shares at an aggregate cost of $23.8 million.Mr. Romaine added, "We are excited to report that effective January 1, 2022, our four community banks were combined into a single charter. Though we expect the change to be largely transparent to our customers, it will allow us to better leverage the Tompkins brand in all of our markets. We also anticipate some operating efficiencies from the change and we will be better able to leverage product and technology enhancements for the benefit of customers across our footprint. The combined bank will conduct business under the “Tompkins” brand name, with a legal name of “Tompkins Community Bank."ABOUT TOMPKINS FINANCIAL CORPORATIONTompkins Financial Corporation is a banking and financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Community Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit [www.tompkinsfinancial.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tompkinsfinancial.com&esheet=52570218&newsitemid=20220128005041&lan=en-US&anchor=www.tompkinsfinancial.com&index=1&md5=f5fe822f88ef715a753f8c2777e17594). **"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:**This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking statements may be identified by use of such words as "may", "will", "estimate", "intend", "continue", "believe", "expect", "plan", or "anticipate", and other similar words. Forward-looking statements are made based on management’s expectations and beliefs concerning future events impacting the Company and are subject to certain uncertainties and factors relating to the Company’s operations and economic environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those expressed and/or implied by forward-looking statements. The following factors, in addition to those listed as Risk Factors in Item 1A of our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission, are among those that could cause actual results to differ materially from the forward-looking statements: changes in general economic, market and regulatory conditions; the ongoing dynamic nature of the COVID-19 pandemic and the impact of COVID-19 (including governments’ responses thereto), including the development and proliferation of variants such as Delta and Omicron, on economic and financial markets, potential regulatory actions, and modifications to our operations, products, and services relating thereto; disruptions in our and our customers’ operations and loss of revenue due to pandemics, epidemics, widespread health emergencies, government-imposed travel/business restrictions, or outbreaks of infectious diseases such as the coronavirus, and the associated adverse impact on our financial position, liquidity, and our customers’ abilities to repay their obligations to us or willingness to obtain financial services products from the Company; the development of an interest rate environment that may adversely affect the Company’s interest rate spread, other income or cash flow anticipated from the Company’s operations, investment and/or lending activities; changes in laws and regulations affecting banks, bank holding companies and/or financial holding companies, such as the Dodd-Frank Act, Basel III and the Economic Growth, Regulatory Relief, and Consumer Protection Act; legislative and regulatory changes in response to COVID-19 with which we and our subsidiaries must comply, including the CARES Act and the Consolidated Appropriations Act, 2021 and the rules and regulations promulgated thereunder, and state and local government mandates; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; governmental and public policy changes, including environmental regulation; reliance on large customers; uncertainties arising from national and global events, including the potential impact of widespread protests, civil unrest, and political uncertainty on the economy and the financial services industry; and financial resources in the amounts, at the times and on the terms required to support the Company’s future businesses. The Company does not undertake any obligation to update its forward-looking statements. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline TOMPKINS FINANCIAL CORPORATION \\ \hline CONSOLIDATED STATEMENTS OF CONDITION \\ \hline (In thousands, except share and per share data) & & As of & & As of \\ \hline ASSETS & & 12/31/2021 & & 12/31/2020 \\ \hline & & & & (Audited) \\ \hline & & & & \\ \hline Cash and noninterest bearing balances due from banks & & $ & 23,078 & & & $ & 21,245 & \\ \hline Interest bearing balances due from banks & & & 40,029 & & & & 367,217 & \\ \hline Cash and Cash Equivalents & & & 63,107 & & & & 388,462 & \\ \hline & & & & \\ \hline Available-for-sale debt securities, at fair value (amortized cost of $2,063,790 at December 31, 2021 and $1,599,894 at December 31, 2020) & & & 2,044,513 & & & & 1,627,193 & \\ \hline Held-to-maturity securities, at amortized cost (fair value of $282,288 at December 31, 2021 and $0 December 31, 2020) & & & 284,009 & & & & 0 & \\ \hline Equity securities, at fair value (amortized cost $902 at December 31, 2021 and $929 at December 31, 2020) & & & 902 & & & & 929 & \\ \hline Total loans and leases, net of unearned income and deferred costs and fees & & & 5,075,467 & & & & 5,260,327 & \\ \hline Less: Allowance for credit losses & & & 42,843 & & & & 51,669 & \\ \hline Net Loans and Leases & & & 5,032,624 & & & & 5,208,658 & \\ \hline & & & & \\ \hline Federal Home Loan Bank and other stock & & & 10,996 & & & & 16,382 & \\ \hline Bank premises and equipment, net & & & 85,416 & & & & 88,709 & \\ \hline Corporate owned life insurance & & & 86,495 & & & & 84,736 & \\ \hline Goodwill & & & 92,447 & & & & 92,447 & \\ \hline Other intangible assets, net & & & 3,643 & & & & 4,905 & \\ \hline Accrued interest and other assets & & & 115,830 & & & & 109,750 & \\ \hline Total Assets & & $ & 7,819,982 & & & $ & 7,622,171 & \\ \hline LIABILITIES & & & & \\ \hline Deposits: & & & & \\ \hline Interest bearing: & & & & \\ \hline Checking, savings and money market & & & 4,016,025 & & & & 3,761,933 & \\ \hline Time & & & 639,674 & & & & 746,234 & \\ \hline Noninterest bearing & & & 2,135,736 & & & & 1,929,585 & \\ \hline Total Deposits & & & 6,791,435 & & & & 6,437,752 & \\ \hline & & & & \\ \hline Federal funds purchased and securities sold under agreements to repurchase & & & 66,787 & & & & 65,845 & \\ \hline Other borrowings & & & 124,000 & & & & 265,000 & \\ \hline Trust preferred debentures & & & 0 & & & & 13,220 & \\ \hline Other liabilities & & & 108,819 & & & & 122,665 & \\ \hline Total Liabilities & & $ & 7,091,041 & & & $ & 6,904,482 & \\ \hline EQUITY & & & & \\ \hline Tompkins Financial Corporation shareholders' equity: & & & & \\ \hline Common Stock - par value $.10 per share: Authorized 25,000,000 shares; Issued: 14,696,911 at December 31, 2021; and 14,964,389 at December 31, 2020 & & & 1,470 & & & & 1,496 & \\ \hline Additional paid-in capital & & & 312,538 & & & & 333,976 & \\ \hline Retained earnings & & & 475,262 & & & & 418,413 & \\ \hline Accumulated other comprehensive loss & & & (55,950 & ) & & & (32,074 & ) \\ \hline Treasury stock, at cost – 124,709 shares at December 31, 2021, and 124,849 shares at December 31, 2020 & & & (5,791 & ) & & & (5,534 & ) \\ \hline Total Tompkins Financial Corporation Shareholders’ Equity & & & 727,529 & & & & 716,277 & \\ \hline Noncontrolling interests & & & 1,412 & & & & 1,412 & \\ \hline Total Equity & & $ & 728,941 & & & $ & 717,689 & \\ \hline Total Liabilities and Equity & & $ & 7,819,982 & & & $ & 7,622,171 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline TOMPKINS FINANCIAL CORPORATION \\ \hline CONSOLIDATED STATEMENTS OF INCOME \\ \hline (In thousands, except per share data) (Unaudited) & & Three Months Ended & & Year Ended \\ \hline & & 12/31/2021 & & 12/31/2020 & & 12/31/2021 & & 12/31/2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & \\ \hline Loans & & $ & 53,086 & & & $ & 57,674 & & & $ & 214,684 & & & $ & 227,313 \\ \hline Due from banks & & & 77 & & & & 104 & & & & 343 & & & & 194 \\ \hline Available-for-sale debt securities & & & 6,252 & & & & 5,349 & & & & 23,440 & & & & 25,450 \\ \hline Held-to-maturity securities & & & 1,031 & & & & 0 & & & & 2,075 & & & & 0 \\ \hline Federal Home Loan Bank and other stock & & & 168 & & & & 243 & & & & 776 & & & & 1,373 \\ \hline Total Interest and Dividend Income & & & 60,614 & & & $ & 63,370 & & & $ & 241,318 & & & $ & 254,330 \\ \hline INTEREST EXPENSE & & & & & & & & \\ \hline Time certificates of deposits of $250,000 or more & & & 478 & & & & 717 & & & & 2,202 & & & & 3,175 \\ \hline Other deposits & & & 1,810 & & & & 3,066 & & & & 8,645 & & & & 16,789 \\ \hline Federal funds purchased and securities sold under agreements to repurchase & & & 16 & & & & 19 & & & & 64 & & & & 95 \\ \hline Trust preferred debentures & & & 0 & & & & 375 & & & & 2,233 & & & & 1,133 \\ \hline Other borrowings & & & 499 & & & & 1,442 & & & & 4,382 & & & & 7,799 \\ \hline Total Interest Expense & & & 2,803 & & & & 5,619 & & & & 17,526 & & & & 28,991 \\ \hline Net Interest Income & & & 57,811 & & & & 57,751 & & & & 223,792 & & & & 225,339 \\ \hline Less: Provision (credit) for credit loss expense & & & 3,914 & & & & (205 & ) & & & (2,219 & ) & & & 17,213 \\ \hline Net Interest Income After Provision for Credit Loss Expense & & & 53,897 & & & & 57,956 & & & & 226,011 & & & & 208,126 \\ \hline NONINTEREST INCOME & & & & & & & & \\ \hline Insurance commissions and fees & & & 7,783 & & & & 7,289 & & & & 34,836 & & & & 31,505 \\ \hline Investment services income & & & 5,041 & & & & 5,106 & & & & 19,388 & & & & 17,520 \\ \hline Service charges on deposit accounts & & & 1,768 & & & & 1,637 & & & & 6,347 & & & & 6,312 \\ \hline Card services income & & & 2,775 & & & & 2,378 & & & & 10,826 & & & & 9,263 \\ \hline Other income & & & 1,795 & & & & 2,429 & & & & 7,203 & & & & 8,817 \\ \hline Net (loss) gain on securities transactions & & & (8 & ) & & & (3 & ) & & & 249 & & & & 443 \\ \hline Total Noninterest Income & & & 19,154 & & & & 18,836 & & & & 78,849 & & & & 73,860 \\ \hline NONINTEREST EXPENSE & & & & & & & & \\ \hline Salaries and wages & & & 24,561 & & & & 23,037 & & & & 96,038 & & & & 92,519 \\ \hline Other employee benefits & & & 6,285 & & & & 6,552 & & & & 24,172 & & & & 24,812 \\ \hline Net occupancy expense of premises & & & 3,137 & & & & 3,400 & & & & 13,179 & & & & 12,930 \\ \hline Furniture and fixture expense & & & 2,108 & & & & 2,087 & & & & 8,328 & & & & 7,846 \\ \hline Amortization of intangible assets & & & 329 & & & & 364 & & & & 1,317 & & & & 1,484 \\ \hline Other operating expense & & & 11,734 & & & & 11,176 & & & & 47,253 & & & & 44,729 \\ \hline Total Noninterest Expenses & & & 48,154 & & & & 46,616 & & & & 190,287 & & & & 184,320 \\ \hline Income Before Income Tax Expense & & & 24,897 & & & & 30,176 & & & & 114,573 & & & & 97,666 \\ \hline Income Tax Expense & & & 5,401 & & & & 6,145 & & & & 25,182 & & & & 19,924 \\ \hline Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation & & & 19,496 & & & & 24,031 & & & & 89,391 & & & & 77,742 \\ \hline Less: Net Income Attributable to Noncontrolling Interests & & & 31 & & & & 53 & & & & 127 & & & & 154 \\ \hline Net Income Attributable to Tompkins Financial Corporation & & $ & 19,465 & & & & 23,978 & & & & 89,264 & & & & 77,588 \\ \hline Basic Earnings Per Share & & $ & 1.34 & & & $ & 1.61 & & & $ & 6.08 & & & $ & 5.22 \\ \hline Diluted Earnings Per Share & & $ & 1.33 & & & $ & 1.61 & & & $ & 6.05 & & & $ & 5.20 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited) \\ \hline & Quarter Ended & Quarter Ended \\ \hline & December 31, 2021 & December 31, 2020 \\ \hline & Average & & & & & Average & & & & \\ \hline & Balance & & & & Average & Balance & & & & Average \\ \hline (Dollar amounts in thousands) & (QTD) & & Interest & & Yield/Rate & (QTD) & & Interest & & Yield/Rate \\ \hline ASSETS & & & & & & & & & & \\ \hline Interest-earning assets & & & & & & & & & & \\ \hline Interest-bearing balances due from banks & $ & 228,570 & & $ & 77 & & & 0.13 & % & $ & 439,726 & & $ & 104 & & & 0.09 & % \\ \hline Securities (1) & & & & & & & & & & \\ \hline U.S. Government securities & & 2,248,954 & & & 6,728 & & & 1.19 & % & & 1,502,226 & & & 4,671 & & & 1.24 & % \\ \hline State and municipal (2) & & 105,215 & & & 672 & & & 2.53 & % & & 127,580 & & & 823 & & & 2.57 & % \\ \hline Other securities (2) & & 3,407 & & & 23 & & & 2.64 & % & & 3,430 & & & 24 & & & 2.78 & % \\ \hline Total securities & & 2,357,576 & & & 7,423 & & & 1.25 & % & & 1,633,236 & & & 5,518 & & & 1.34 & % \\ \hline FHLBNY and FRB stock & & 10,382 & & & 168 & & & 6.42 & % & & 16,766 & & & 244 & & & 5.80 & % \\ \hline Total loans and leases, net of unearned income (2)(3) & & 5,064,028 & & & 53,354 & & & 4.18 & % & & 5,318,607 & & & 57,949 & & & 4.33 & % \\ \hline Total interest-earning assets & & 7,660,556 & & & 61,022 & & & 3.16 & % & & 7,408,335 & & & 63,815 & & & 3.43 & % \\ \hline Other assets & & 333,260 & & & & & & 349,824 & & & & \\ \hline Total assets & $ & 7,993,816 & & & & & $ & 7,758,159 & & & & \\ \hline LIABILITIES & EQUITY & & & & & & & & & & \\ \hline Deposits & & & & & & & & & & \\ \hline Interest-bearing deposits & & & & & & & & & & \\ \hline Interest bearing checking, savings, & money market & $ & 4,130,652 & & $ & 793 & & & 0.08 & % & $ & 3,927,433 & & $ & 1,457 & & & 0.15 & % \\ \hline Time deposits & & 663,713 & & & 1,495 & & & 0.89 & % & & 734,009 & & & 2,326 & & & 1.26 & % \\ \hline Total interest-bearing deposits & & 4,794,365 & & & 2,288 & & & 0.19 & % & & 4,661,442 & & & 3,783 & & & 0.32 & % \\ \hline Federal funds purchased & securities sold under agreements to repurchase & & 61,976 & & & 16 & & & 0.11 & % & & 60,417 & & & 19 & & & 0.12 & % \\ \hline Other borrowings & & 110,370 & & & 499 & & & 1.79 & % & & 271,087 & & & 1,442 & & & 2.12 & % \\ \hline Trust preferred debentures & & 0 & & & 0 & & & 0.00 & % & & 17,091 & & & 375 & & & 8.73 & % \\ \hline Total interest-bearing liabilities & & 4,966,711 & & & 2,803 & & & 0.22 & % & & 5,010,037 & & & 5,619 & & & 0.45 & % \\ \hline Noninterest bearing deposits & & 2,185,489 & & & & & & 1,913,781 & & & & \\ \hline Accrued expenses and other liabilities & & 118,997 & & & & & & 115,227 & & & & \\ \hline Total liabilities & & 7,271,197 & & & & & & 7,039,045 & & & & \\ \hline Tompkins Financial Corporation Shareholders’ equity & & 721,123 & & & & & & 717,618 & & & & \\ \hline Noncontrolling interest & & 1,496 & & & & & & 1,496 & & & & \\ \hline Total equity & & 722,619 & & & & & & 719,114 & & & & \\ \hline & & & & & & & & & & \\ \hline Total liabilities and equity & $ & 7,993,816 & & & & & $ & 7,758,159 & & & & \\ \hline Interest rate spread & & & & & 2.94 & % & & & & & 2.98 & % \\ \hline Net interest income/margin on earning assets & & & & 58,219 & & & 3.01 & % & & & & 58,196 & & & 3.12 & % \\ \hline & & & & & & & & & & \\ \hline Tax Equivalent Adjustment & & & & (408 & ) & & & & & & (445 & ) & & \\ \hline Net interest income per consolidated financial statements & & & $ & 57,811 & & & & & & $ & 57,751 & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Consolidated Statements of Condition and Net Interest Analysis (Unaudited) \\ \hline & Year to Date Period Ended & Year to Date Period Ended \\ \hline & December 31, 2021 & December 31, 2020 \\ \hline & Average & & & & & Average & & & & \\ \hline & Balance & & & & Average & Balance & & & & Average \\ \hline (Dollar amounts in thousands) & (YTD) & & Interest & & Yield/Rate & (YTD) & & Interest & & Yield/Rate \\ \hline ASSETS & & & & & & & & & & \\ \hline Interest-earning assets & & & & & & & & & & \\ \hline Interest-bearing balances due from banks & $ & 307,253 & & $ & 343 & & & 0.11 & % & $ & 194,211 & & $ & 194 & & & 0.10 & % \\ \hline Securities (1) & & & & & & & & & & \\ \hline U.S. Government securities & & 2,003,450 & & & 23,145 & & & 1.16 & % & & 1,307,905 & & & 22,906 & & & 1.75 & % \\ \hline State and municipal (2) & & 112,391 & & & 2,871 & & & 2.55 & % & & 114,462 & & & 3,048 & & & 2.66 & % \\ \hline Other securities (2) & & 3,417 & & & 92 & & & 2.68 & % & & 3,430 & & & 117 & & & 3.40 & % \\ \hline Total securities & & 2,119,258 & & & 26,108 & & & 1.23 & % & & 1,425,797 & & & 26,071 & & & 1.83 & % \\ \hline FHLBNY and FRB stock & & 14,830 & & & 776 & & & 5.24 & % & & 20,815 & & & 1,374 & & & 6.60 & % \\ \hline Total loans and leases, net of unearned income (2)(3) & & 5,184,491 & & & 215,709 & & & 4.16 & % & & 5,228,135 & & & 228,805 & & & 4.38 & % \\ \hline Total interest-earning assets & & 7,625,832 & & & 242,936 & & & 3.19 & % & & 6,868,958 & & & 256,444 & & & 3.73 & % \\ \hline Other assets & & 343,119 & & & & & & 489,520 & & & & \\ \hline Total assets & $ & 7,968,951 & & & & & $ & 7,358,478 & & & & \\ \hline LIABILITIES & EQUITY & & & & & & & & & & \\ \hline Deposits & & & & & & & & & & \\ \hline Interest-bearing deposits & & & & & & & & & & \\ \hline Interest bearing checking, savings, & money market & $ & 4,034,969 & & $ & 3,736 & & & 0.09 & % & $ & 3,650,358 & & $ & 9,430 & & & 0.26 & % \\ \hline Time deposits & & 711,381 & & & 7,111 & & & 1.00 & % & & 703,999 & & & 10,534 & & & 1.50 & % \\ \hline Total interest-bearing deposits & & 4,746,350 & & & 10,847 & & & 0.23 & % & & 4,354,357 & & & 19,964 & & & 0.46 & % \\ \hline Federal funds purchased & securities sold under agreements to repurchase & & 58,627 & & & 64 & & & 0.11 & % & & 55,973 & & & 95 & & & 0.17 & % \\ \hline Other borrowings & & 217,799 & & & 4,382 & & & 2.01 & % & & 365,732 & & & 7,799 & & & 2.13 & % \\ \hline Trust preferred debentures & & 7,367 & & & 2,233 & & & 30.32 & % & & 17,092 & & & 1,133 & & & 6.63 & % \\ \hline Total interest-bearing liabilities & & 5,030,143 & & & 17,526 & & & 0.35 & % & & 4,793,154 & & & 28,991 & & & 0.60 & % \\ \hline Noninterest bearing deposits & & 2,096,542 & & & & & & 1,753,226 & & & & \\ \hline Accrued expenses and other liabilities & & 117,790 & & & & & & 112,544 & & & & \\ \hline Total liabilities & & 7,244,475 & & & & & & 6,658,924 & & & & \\ \hline Tompkins Financial Corporation Shareholders’ equity & & 723,009 & & & & & & 698,087 & & & & \\ \hline Noncontrolling interest & & 1,467 & & & & & & 1,466 & & & & \\ \hline Total equity & & 724,476 & & & & & & 699,554 & & & & \\ \hline & & & & & & & & & & \\ \hline Total liabilities and equity & $ & 7,968,951 & & & & & $ & 7,358,478 & & & & \\ \hline Interest rate spread & & & & & 2.84 & % & & & & & 3.13 & % \\ \hline Net interest income/margin on earning assets & & & & 225,410 & & & 2.96 & % & & & & 227,453 & & & 3.31 & % \\ \hline & & & & & & & & & & \\ \hline Tax Equivalent Adjustment & & & & (1,618 & ) & & & & & & (2,114 & ) & & \\ \hline Net interest income per consolidated financial statements & & & $ & 223,792 & & & & & & $ & 225,339 & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Tompkins Financial Corporation - Summary Financial Data (Unaudited) & \\ \hline (In thousands, except per share data) & & & & & & & & & & & & \\ \hline & Quarter-Ended & & Year-Ended \\ \hline Period End Balance Sheet & Dec-21 & & Sep-21 & & Jun-21 & & Mar-21 & & Dec-20 & & Dec-21 & \\ \hline Securities & $ & 2,329,424 & & $ & 2,337,105 & & $ & 2,166,853 & & $ & 1,935,731 & & $ & 1,628,122 & & $ & 2,329,424 & \\ \hline Total Loans & & 5,075,467 & & & 5,096,778 & & & 5,175,129 & & & 5,292,793 & & & 5,260,327 & & & 5,075,467 & \\ \hline Allowance for credit losses & & 42,843 & & & 46,259 & & & 47,505 & & & 49,339 & & & 51,669 & & & 42,843 & \\ \hline Total assets & & 7,819,982 & & & 8,113,110 & & & 7,988,208 & & & 8,095,342 & & & 7,622,171 & & & 7,819,982 & \\ \hline Total deposits & & 6,791,435 & & & 7,090,898 & & & 6,837,000 & & & 6,946,541 & & & 6,437,752 & & & 6,791,435 & \\ \hline Federal funds purchased and securities sold under agreements to repurchase & & 66,787 & & & 72,490 & & & 52,134 & & & 47,496 & & & 65,845 & & & 66,787 & \\ \hline Other borrowings & & 124,000 & & & 110,000 & & & 245,000 & & & 265,000 & & & 265,000 & & & 124,000 & \\ \hline Trust preferred debentures & & 0 & & & 0 & & & 8,799 & & & 13,260 & & & 13,220 & & & 0 & \\ \hline Total common equity & & 727,529 & & & 720,851 & & & 726,779 & & & 708,493 & & & 716,277 & & & 727,529 & \\ \hline Total equity & & 728,941 & & & 722,357 & & & 728,253 & & & 709,936 & & & 717,689 & & & 728,941 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balance Sheet & & & & & & & & & & & & \\ \hline Average earning assets & $ & 7,660,556 & & $ & 7,753,700 & & $ & 7,609,792 & & $ & 7,475,846 & & $ & 7,408,335 & & $ & 7,625,832 & \\ \hline Average assets & & 7,993,816 & & & 8,102,070 & & & 7,949,946 & & & 7,826,672 & & & 7,758,159 & & & 7,968,951 & \\ \hline Average interest-bearing liabilities & & 4,966,711 & & & 5,086,753 & & & 5,030,800 & & & 5,036,451 & & & 5,010,037 & & & 5,030,143 & \\ \hline Average equity & & 722,619 & & & 733,117 & & & 721,336 & & & 720,718 & & & 719,114 & & & 724,476 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Share data & & & & & & & & & & & & \\ \hline Weighted average shares outstanding (basic) & & 14,452,775 & & & 14,494,533 & & & 14,654,774 & & & 14,676,410 & & & 14,715,124 & & & 14,568,763 & \\ \hline Weighted average shares outstanding (diluted) & & 14,532,480 & & & 14,568,334 & & & 14,737,735 & & & 14,757,558 & & & 14,751,303 & & & 14,648,167 & \\ \hline Period-end shares outstanding & & 14,661,001 & & & 14,659,195 & & & 14,829,873 & & & 14,906,785 & & & 14,928,479 & & & 14,661,001 & \\ \hline Common equity book value per share & $ & 49.62 & & $ & 49.17 & & $ & 49.01 & & $ & 47.53 & & $ & 47.98 & & $ & 49.62 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & & \\ \hline Net interest income & $ & 57,811 & & $ & 56,098 & & $ & 54,846 & & $ & 55,037 & & $ & 57,751 & & $ & 223,792 & \\ \hline Provision (credit) for credit loss expense (5) & & 3,914 & & & (1,232 & ) & & (3,071 & ) & & (1,830 & ) & & (205 & ) & & (2,219 & ) \\ \hline Noninterest income & & 19,154 & & & 20,854 & & & 18,858 & & & 19,983 & & & 18,836 & & & 78,849 & \\ \hline Noninterest expense (5) & & 48,154 & & & 50,180 & & & 47,442 & & & 44,511 & & & 46,616 & & & 190,287 & \\ \hline Income tax expense & & 5,401 & & & 6,630 & & & 6,471 & & & 6,680 & & & 6,145 & & & 25,182 & \\ \hline Net income attributable to Tompkins Financial Corporation & & 19,465 & & & 21,342 & & & 22,831 & & & 25,626 & & & 23,978 & & & 89,264 & \\ \hline Noncontrolling interests & & 31 & & & 32 & & & 31 & & & 33 & & & 53 & & & 127 & \\ \hline Basic earnings per share (4) & & 1.34 & & & 1.46 & & & 1.55 & & & 1.73 & & & 1.61 & & & 6.08 & \\ \hline Diluted earnings per share (4) & & 1.33 & & & 1.45 & & & 1.54 & & & 1.72 & & & 1.61 & & & 6.05 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets & & & & & & & & & & & & \\ \hline Nonaccrual loans and leases & $ & 26,033 & & $ & 47,941 & & $ & 48,019 & & $ & 41,656 & & $ & 38,976 & & $ & 26,033 & \\ \hline Loans and leases 90 days past due and accruing & & 0 & & & 7,463 & & & 0 & & & 0 & & & 0 & & & 0 & \\ \hline Troubled debt restructuring not included above & & 5,124 & & & 5,343 & & & 5,776 & & & 6,069 & & & 6,803 & & & 5,126 & \\ \hline Total nonperforming loans and leases & & 31,157 & & & 60,747 & & & 53,795 & & & 47,725 & & & 45,779 & & & 31,159 & \\ \hline OREO & & 135 & & & 135 & & & 88 & & & 88 & & & 88 & & & 135 & \\ \hline Total nonperforming assets & $ & 31,292 & & $ & 60,882 & & $ & 53,883 & & $ & 47,813 & & $ & 45,867 & & $ & 31,294 & \\ \hline \end{table} **Tompkins Financial Corporation - Summary Financial Data (Unaudited) - continued** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Quarter-Ended & & Year-Ended \\ \hline Delinquency - Total loan and lease portfolio & Dec-21 & & Sep-21 & & Jun-21 & & Mar-21 & & Dec-20 & & Dec-21 & \\ \hline Loans and leases 30-89 days past due and accruing & $ & 3,072 & & $ & 1,436 & & $ & 1,692 & & $ & 1,790 & & $ & 3,012 & & $ & 3,072 & \\ \hline Loans and leases 90 days past due and accruing & & 0 & & & 7,463 & & & 0 & & & 0 & & & 0 & & & 0 & \\ \hline Total loans and leases past due and accruing & & 3,072 & & & 8,899 & & & 1,692 & & & 1,790 & & & 3,012 & & & 3,072 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Allowance for Credit Losses \\ \hline Balance at beginning of period & $ & 46,259 & & $ & 47,505 & & $ & 49,339 & & $ & 51,669 & & $ & 52,293 & & $ & 51,669 & \\ \hline Provision (credit) for credit losses & & 3,600 & & & (1,177 & ) & & (2,718 & ) & & (2,510 & ) & & 6 & & $ & (2,805 & ) \\ \hline Net loan and lease charge-offs (recoveries) & & 7,016 & & & 69 & & & (884 & ) & & (180 & ) & & 630 & & $ & 6,021 & \\ \hline Allowance for credit losses at end of period & $ & 42,843 & & $ & 46,259 & & $ & 47,505 & & $ & 49,339 & & $ & 51,669 & & $ & 42,843 & \\ \hline & & & & & & & \\ \hline Allowance for Credit Losses - Off-Balance Sheet Exposure \\ \hline Balance at beginning of period & $ & 2,192 & & $ & 2,247 & & $ & 2,600 & & $ & 1,920 & & $ & 2,131 & & $ & 1,920 & \\ \hline (Credit) provision for credit losses & & 314 & & & (55 & ) & & (353 & ) & & 680 & & & (211 & ) & $ & 586 & \\ \hline Allowance for credit losses at end of period & $ & 2,506 & & $ & 2,192 & & $ & 2,247 & & $ & 2,600 & & $ & 1,920 & & $ & 2,506 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Classification - Total Portfolio & & & & & & & & & & & & \\ \hline Special Mention & $ & 85,530 & & $ & 98,253 & & $ & 108,269 & & $ & 116,689 & & $ & 121,253 & & $ & 85,530 & \\ \hline Substandard & & 52,047 & & & 70,213 & & & 62,992 & & & 68,487 & & & 68,645 & & & 52,047 & \\ \hline \end{table} **Ratio Analysis** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Credit Quality & & & & & & & & & & & & \\ \hline Nonperforming loans and leases/total loans and leases & 0.61 & % & & 1.19 & % & & 1.04 & % & & 0.90 & % & & 0.87 & % & & 0.61 & % & \\ \hline Nonperforming assets/total assets & 0.40 & % & & 0.75 & % & & 0.67 & % & & 0.59 & % & & 0.60 & % & & 0.40 & % & \\ \hline Allowance for credit losses/total loans and leases & 0.84 & % & & 0.91 & % & & 0.92 & % & & 0.93 & % & & 0.98 & % & & 0.84 & % & \\ \hline Allowance/nonperforming loans and leases & 137.51 & % & & 76.15 & % & & 88.31 & % & & 103.38 & % & & 112.87 & % & & 137.49 & % & \\ \hline Net loan and lease losses annualized/total average loans and leases & 0.55 & % & & 0.01 & % & & (0.07 & )% & & (0.01 & )% & & 0.05 & % & & 0.12 & % & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Capital Adequacy & & & & & & & & & & & & \\ \hline Tier 1 Capital (to average assets) & 8.72 & % & & 8.54 & % & & 8.79 & % & & 8.89 & % & & 8.75 & % & & 8.75 & % & \\ \hline Total Capital (to risk-weighted assets) & 14.23 & % & & 14.21 & % & & 14.62 & % & & 14.62 & % & & 14.39 & % & & 14.39 & % & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability (period-end) & & & & & & & & & & & & \\ \hline Return on average assets * & 0.97 & % & & 1.05 & % & & 1.15 & % & & 1.33 & % & & 1.23 & % & & 1.12 & % & \\ \hline Return on average equity * & 10.69 & % & & 11.55 & % & & 12.70 & % & & 14.42 & % & & 13.26 & % & & 12.32 & % & \\ \hline Net interest margin (TE) * & 3.01 & % & & 2.89 & % & & 2.91 & % & & 3.01 & % & & 3.12 & % & & 2.96 & % & \\ \hline * Quarterly ratios have been annualized & \\ \hline \end{table} \begin{table}{|c|} \hline (1) Average balances and yields on available-for-sale securities are based on historical amortized cost. \\ \hline (2) Interest income includes the tax effects of taxable-equivalent adjustments using an effective income tax rate of 21% in 2021 and 2020 to increase tax exempt interest income to taxable-equivalent basis. \\ \hline (3) Nonaccrual loans are included in the average asset totals presented above. Payments received on nonaccrual loans have been recognized as disclosed in Note 1 of the Company's consolidated financial statements included in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021. \\ \hline (4) Earnings per share for the full fiscal year may not equal the sum of the quarterly earnings per share as a result of rounding of average shares. \\ \hline (5) Amounts in prior periods' financial statements are reclassified when necessary to conform to the current period's presentation. \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005041r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005041/en/](https://www.businesswire.com/news/home/20220128005041/en/) Stephen S. Romaine, President & CEO Francis M. Fetsko, Executive VP, CFO & COO Tompkins Financial Corporation (888) 503-5753 Source: Tompkins Financial Corporation
Date: 2022-01-28
Title: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y
Article: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)
Broader Sector Information:
Date: 2022-01-28
Title: Matthews International (MATW) Tops Q1 Earnings and Revenue Estimates
Article: Matthews International (MATW) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.04%. A quarter ago, it was expected that this casket and memorial manufacturer would post earnings of $0.73 per share when it actually produced earnings of $0.80, delivering a surprise of 9.59%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Matthews International, which belongs to the Zacks Funeral Services industry, posted revenues of $438.58 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 13.74%. This compares to year-ago revenues of $386.66 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Matthews International shares have lost about 7.3% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Matthews International?**While Matthews International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MATW/earnings-calendar), the estimate revisions trend for Matthews International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $421.5 million in revenues for the coming quarter and $2.93 on $1.7 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Funeral Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Hillenbrand (HI), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 2.This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Hillenbrand's revenues are expected to be $713 million, up 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Matthews International Corporation (MATW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MATW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Hillenbrand Inc (HI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858751/matthews-international-matw-tops-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858751) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: SUMMIT HOTEL PROPERTIES DECLARES FOURTH QUARTER 2021 PREFERRED DIVIDENDS
Article: AUSTIN, Texas, Jan. 28, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2022. [](https://mma.prnewswire.com/media/233320/summit_hotel_properties_inc___logo.html) The Board of Directors has also authorized, and the Company has declared on behalf of the operating partnership, a cash dividend of $0.171354 per share of the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units that were issued on January 13, 2022, as part of the recently announced NewcrestImage portfolio acquisition. The dividends are payable on February 28, 2022, to holders of record as of February 14, 2022. **About Summit Hotel Properties** Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of January 28, 2022, the Company's portfolio consisted of 100 hotels, 61 of which are wholly owned, with a total of 15,051 guestrooms located in 24 states. For additional information, please visit the Company's website, [www.shpreit.com](https://c212.net/c/link/?t=0&l=en&o=3427490-1&h=2650064668&u=http%3A%2F%2Fwww.shpreit.com%2F&a=www.shpreit.com), and follow the Company on Twitter at @SummitHotel_INN. **Forward Looking Statements** This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. [Cision](https://c212.net/c/img/favicon.png?sn=DA45766&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html](https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-fourth-quarter-2021-preferred-dividends-301470893.html) SOURCE Summit Hotel Properties, Inc.
Date: 2022-01-28
Title: Brandywine Realty Trust Becomes Oversold
Article: The [DividendRank](https://www.dividendchannel.com/dividend-rank/) formula at [Dividend Channel](https://www.dividendchannel.com/) ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Brandywine Realty Trust (Symbol: BDN) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Brandywine Realty Trust an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of BDN entered into oversold territory, changing hands as low as $12.225 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Brandywine Realty Trust, the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by [Dividend Channel](https://www.dividendchannel.com/) currently has an average RSI of 40.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, BDN's recent annualized dividend of 0.76/share (currently paid in quarterly installments) works out to an annual yield of 6.05% based upon the recent $12.57 share price. A bullish investor could look at BDN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on BDN is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. [BDN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Click here to find out what 9 other oversold dividend stocks you need to know about »](https://www.dividendchannel.com/slideshows/ten-oversold-dividend-stocks/)
Date: 2022-01-28
Title: Red Rock Resorts (RRR) to Report Q4 Earnings: What's in Store?
Article: **Red Rock Resorts, Inc.** [RRR](https://www.nasdaq.com/market-activity/stocks/rrr) is scheduled to report [fourth-quarter 2021 results](https://www.zacks.com/stock/research/RRR/earnings-calendar) on Feb 2, 2022, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 75.5%. **How are Estimates Placed?**The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 53 cents per share, indicating an improvement of 35.9% from 39 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $407.6 million. The metric suggests an increase of 18.7% from the year-ago quarter’s figure. **Red Rock Resorts, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise)[Red Rock Resorts, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise) | [Red Rock Resorts, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rrr) Let's take a look at how things have shaped up in the quarter. ******Factors at Play** Red Rock Resorts’ fourth-quarter performance is likely to have benefitted from solid Las Vegas operations. Attributes such as best-in-class assets and locations, unparallel distribution and scale along with a solid organic development pipeline are likely to have driven the company’s performance in the fourth quarter. Also, streamlining operations, optimizing marketing initiatives and renegotiating vendor and third-party agreements are likely to have stoked the numbers in the to-be-reported quarter. The Zacks Consensus Estimate for net revenues at Las Vegas operations is pegged at $399 million, suggesting growth of 26.3% from the prior-year quarter’s figures.Increased focus on casino gaming offerings (such as video poker, slot machines, table games, bingo and race and sports wagering) along with food and beverage is likely to have driven the top line in the fourth quarter. The Zacks Consensus Estimate for sales at casino and food and beverage and rooms is pegged at $275 million and $65 million, calling for year-over-year growth of 14.1% and 48.6%, respectively. The consensus mark for room revenues is pegged at $40.2 million, suggesting an increase of 107% from the prior-year quarter’s levels. Improved visitation as well as increased time on device and spend per visit is likely to have contributed to the company’s top line in the fourth quarter.However, increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects are likely to have dented the company’s earnings in fourth-quarter 2021. **What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Red Rock Resorts this time around. A stock needs to have a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here. **Earnings ESP:** Red Rock Resorts has an Earnings ESP of -2.86%. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank:** The company carries a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank)**Stocks Poised to Beat Earnings Estimates** Here are some stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:**Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox) has an Earnings ESP of +7.09% and a Zacks Rank #1.Shares of Crocs have gained 33.9% in the past year. CROX’s earnings topped the consensus mark in all the last four quarters, with the average being 41.6%. **Oxford Industries, Inc.** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) has an Earnings ESP of +2.97% and a Zacks Rank #1.Shares of Oxford Industries have gained 34.7% in the past year. OXM’s earnings topped the consensus mark thrice but missed the same on one occasion, with the average surprise being 96.7%. **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) has an Earnings ESP of +2.61% and a Zacks Rank #3.Shares of Boyd Gaming have gained 27.9% in the past year. BYD’s earnings topped the consensus mark in all of the trailing four quarters, with the average surprise being 56.4%.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RRR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859169/red-rock-resorts-rrr-to-report-q4-earnings-what-s-in-store?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169)
Date: 2022-01-28
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: RLAY
Security: Relay Therapeutics, Inc.
Related Stocks/Topics: Stocks
Title: Relay Therapeutics Inc Shares Approach 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: Relay Therapeutics Inc ([RLAY](https://kwhen.com/finance/profiles/RLAY/summary))) shares closed today at 0.5% above its 52 week low of $20.16, giving the company a market cap of $2B. The stock is currently down 33.6% year-to-date, down 63.3% over the past 12 months, and down 41.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 9.0% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 5.5% lower than its 5-day moving average, 20.7% lower than its 20-day moving average, and 33.8% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 677.4% - The company's stock price performance over the past 12 months lags the peer average by 343.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 22.1738
Stock Price 2 days before: 21.8634
Stock Price 1 day before: 20.4735
Stock Price at release: 20.2734
Risk-Free Rate at release: 0.0004
| 22.4171 |
Broader Economic Information:
Date: 2022-01-28
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Date: 2022-01-28
Title: First Week of WB March 11th Options Trading
Article: Investors in Weibo Corp (Symbol: WB) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the WB options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $28.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.70 (before broker commissions). To an investor already interested in purchasing shares of WB, that could represent an attractive alternative to paying $30.62/share today. Because the $28.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=put&contract=28.00). Should the contract expire worthless, the premium would represent a 4.64% return on the cash commitment, or 40.35% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Weibo Corp, and highlighting in green where the $28.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $37.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of WB stock at the current price level of $30.62/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $37.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.49% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WB shares really soar, which is why looking at the trailing twelve month trading history for Weibo Corp, as well as studying the business fundamentals becomes important. Below is a chart showing WB's trailing twelve month trading history, with the $37.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $37.00 strike represents an approximate 21% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 87%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=call&contract=37.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.65% boost of extra return to the investor, or 5.68% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 74%, while the implied volatility in the call contract example is 88%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $30.62) to be 47%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Avanos Medical Inc Shares Approach 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 0.7% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 10.7% year-to-date, down 35.0% over the past 12 months, and down 17.0% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 4.1%. **Trading Activity** - Trading volume this week was 43.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 55.6% - The company's stock price performance over the past 12 months lags the peer average by 38.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y
Article: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Citi Trends, Inc. (CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: FUBO
Security: fuboTV Inc.
Related Stocks/Topics: Stocks
Title: fuboTV Inc Shares Close the Day 11.1% Higher - Daily Wrap
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today 11.1% higher than it did at the end of yesterday. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. Today, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.5%. **Trading Activity** - Shares traded as high as $10.73 and as low as $8.74 this week. - Shares closed 81.9% below its 52-week high and 12.6% above its 52-week low. - Trading volume this week was 11.2% lower than the 10-day average and 18.2% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 2.2% higher than its 5-day moving average, 22.3% lower than its 20-day moving average, and 53.7% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 9.99055
Stock Price 2 days before: 9.61642
Stock Price 1 day before: 8.89415
Stock Price at release: 9.51573
Risk-Free Rate at release: 0.0004
| 7.97019 |
Broader Economic Information:
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Interface, Inc. To Broadcast Fourth Quarter and Fiscal Year 2021 Results Conference Call Over the Internet
Article: ATLANTA, Jan. 28, 2022 /PRNewswire/ -- [Interface, Inc.](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2725390234&u=https%3A%2F%2Fwww.interface.com%2FUS%2Fen-US%2Fhomepage&a=Interface%2C+Inc.) (Nasdaq: TILE) announced today that it intends to release its fourth quarter and fiscal year 2021 results on Tuesday, March 1, 2022, prior to the open of the market. Interface will host a conference call the morning of Tuesday, March 1, 2022, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Daniel T. Hendrix, Chairman and Chief Executive Officer, and Bruce A. Hausmann, Vice President and Chief Financial Officer, will host the call. [](https://mma.prnewswire.com/media/1215229/Interface_Logo.html) Certain information discussed on the conference call will be available on Interface's website, at [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). **Call details:****Tuesday, March 1, 2022**8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific Time Listeners may access the conference call live over the Internet at the following address: [https://events.q4inc.com/attendee/899136320](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2930574180&u=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320&a=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320) or through the Company's website at: [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). Please allow at least 15 minutes prior to the call to visit one of these sites and download and install any necessary audio software. An archived version of the conference call will be available at these sites for one year shortly after the call ends. **About Interface** Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. Learn more about Interface at [interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3308388973&u=http%3A%2F%2Fwww.interface.com%2F&a=interface.com) and [blog.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=709160865&u=http%3A%2F%2Fblog.interface.com%2F&a=blog.interface.com), our nora brand at [nora.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=719743675&u=http%3A%2F%2Fwww.nora.com%2F&a=nora.com), and our FLOR® brand at [FLOR.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3495239581&u=https%3A%2F%2Fwww.flor.com%2F&a=FLOR.com). Follow us on [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2569248785&u=https%3A%2F%2Ftwitter.com%2FInterfaceInc&a=Twitter), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2076040437&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Finterface&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3636328122&u=https%3A%2F%2Fwww.facebook.com%2FInterface%2F%3Ffref%3Dts&a=Facebook), [Pinterest](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1430591711&u=https%3A%2F%2Fwww.pinterest.com%2Finterface%2F&a=Pinterest), [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=361166393&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finterface&a=LinkedIn), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=739939483&u=https%3A%2F%2Fwww.instagram.com%2Finterface%2F&a=Instagram), and [Vimeo](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1728872219&u=https%3A%2F%2Fvimeo.com%2Finterface&a=Vimeo). [Cision](https://c212.net/c/img/favicon.png?sn=NY44896&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html](https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html) SOURCE Interface, Inc.
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Broader Industry Information:
Date: 2022-01-28
Title: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA
Article: Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%. **Contact:** **Becky Coleridge****732-577-9996** ###### [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTM3MSM0Njk5NzA2IzUwMDA3MTc0NA==) [Image](https://ml.globenewswire.com/media/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==/tiny/Monmouth-Real-Estate-Investmen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fbe61113-8286-4974-ac63-97b9dddf4ffa) Source: Monmouth Real Estate Investment Corporation
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-29
Title: Triumph Bancorp Inc Shares Close the Week 23.0% Lower - Weekly Wrap
Article: Triumph Bancorp Inc ([TBK](https://kwhen.com/finance/profiles/TBK/summary))) shares closed this week 23.0% lower than it did at the end of last week. The stock is currently down 31.3% year-to-date, up 33.7% over the past 12 months, and up 196.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $94.26 and as low as $79.07 this week. - Shares closed 38.5% below its 52-week high and 47.5% above its 52-week low. - Trading volume this week was 42.6% lower than the 10-day average and 19.1% lower than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 3.2% lower than its 5-day moving average, 22.4% lower than its 20-day moving average, and 27.2% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price lags the performance of its peers in the Financials industry sector this week, beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by -3643.9% - The company's stock price performance over the past 12 months lags the peer average by -0.3% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 243.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: U.S. Steel (X) Earnings Miss Estimates in Q4, Revenues Top
Article: **United States Steel Corporation** [X](https://www.nasdaq.com/market-activity/stocks/x) logged a profit of $1,069 million or $3.75 per share in fourth-quarter 2021, surging from a profit of $49 million or 22 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were $3.64 per share. The figure missed the Zacks Consensus Estimate of $4.56. Revenues climbed around 119% year over year to $5,622 million in the reported quarter. It surpassed the Zacks Consensus Estimate of $5,483.7 million. The company benefited from a surge in prices and higher overall steel shipments in the quarter. Total steel shipments climbed around 18% year over year in the quarter. **United States Steel Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart)[United States Steel Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart) | [United States Steel Corporation Quote](https://www.nasdaq.com/market-activity/stocks/x) ******Segment Highlights****Flat-Rolled:**The segment recorded a profit of $890 million in the fourth quarter compared with a loss of $73 million in the year-ago quarter.Steel shipments in the segment fell roughly 10% year over year to 2,032,000 tons and average realized price per ton in the unit was $1,432, up around 96% year over year. **Mini Mill:**The company added the segment after Jan 15, 2021 with the purchase of the remaining stake in Big River Steel. The segment recorded a profit of $366 million in the quarter. Shipments were 559,000 tons while average realized price per ton was $1,490. **U.S. Steel Europe:** The segment posted profits of $269 million, up from $36 million in the year-ago quarter. Shipments in the segment rose around 22% year over year to 1,028,000 tons. Average realized price per ton for the unit was $1,075, up around 65% year over year. **Tubular:**The segment posted a profit of $30 million against a loss of $32 million in the year-ago quarter. Shipments rose roughly 72% year over year to 127,000 tons. Average realized price per ton for the unit was $1,968, up roughly 55% year over year. **FY21 Results** Earnings for full-year 2021 were $14.88 per share compared with a loss of $5.92 per share a year ago. Net sales shot up 108% year over year to $20,275 million. **Financials** At the end of 2021, the company had cash and cash equivalents of $2,522 million, up around 27% year over year. Long-term debt fell roughly 18% year over year to $3,863 million.The company repurchased shares worth $150 million during the fourth quarter under the $300 million stock buyback authorization announced in October 2021. Its board also authorized a new $500 million buyback program, which is expected to commence in the first quarter of 2022. **Outlook** The company noted that it entered 2022 from a position of strength and remains focused on continuing its disciplined approach to creating shareholder value. It expects 2022 to be another strong year for the company. Its balance sheet has been transformed and its capital allocation priorities have enhanced direct returns to shareholders, U.S. Steel noted. **Price Performance** The company’s shares are down 0.8% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/steel-producers-176)’s 28.5% rise. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/46/16803.jpg?v=1882421836) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** U.S. Steel currently carries a Zacks Rank #2 (Buy).Other top-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [United States Steel Corporation (X): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=X&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858838/u-s-steel-x-earnings-miss-estimates-in-q4-revenues-top?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Monro Inc Shares Fall 2.8% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 2.8% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 13.3% year-to-date, down 13.3% over the past 12 months, and down 8.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 65.0% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 9.3% lower than its 5-day moving average, 13.5% lower than its 20-day moving average, and 16.7% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 60.4% - The company's stock price performance over the past 12 months lags the peer average by -139.9% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 171.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA
Article: Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%. **Contact:** **Becky Coleridge****732-577-9996** ###### [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTM3MSM0Njk5NzA2IzUwMDA3MTc0NA==) [Image](https://ml.globenewswire.com/media/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==/tiny/Monmouth-Real-Estate-Investmen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fbe61113-8286-4974-ac63-97b9dddf4ffa) Source: Monmouth Real Estate Investment Corporation
Date: 2022-01-28
Title: Humacyte Announces Preclinical Results of Small-Diameter Human Acellular Vessel™ (HAV™) in Coronary Artery Bypass Grafting
Article: -- HAV remained patent and host-cell remodeling was observed in non-human primate model -- -- Preclinical study represents milestone in the development of small-diameter HAVs for use in cardiac bypass surgery -- -- Results presented at Advanced Therapies Week 2022 -- DURHAM, N.C., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Humacyte, Inc. (Nasdaq: HUMA), a clinical-stage biotechnology platform company developing universally implantable bioengineered human tissue at commercial scale, today announced results from the first preclinical study of the use of Humacyte’s small-diameter (3.5mm) Human Acellular Vessel (HAV) in coronary artery bypass grafting (CABG), which were presented at Advanced Therapies Week. The HAV maintained patency and exhibited host-cell remodeling and regeneration in a non-human primate model. CABG, performed approximately 400,000 times each year in the U.S., is a surgical procedure where a vascular graft is placed to bypass occluded coronary arteries and restore blood flow to the heart. Saphenous vein grafts are used in 80-90% of CABG procedures but have shown a 30% failure rate at one year. In the preclinical study, the 3.5mm HAVs were implanted into primates following ligation of the native right coronary artery, and the primates were studied for six months. The HAVs that have been examined to date, one being explanted at six months, remained patent and vascular host-cell repopulation was observed. The preclinical surgeries were performed by Alan P. Kypson, M.D., cardiothoracic surgeon, University of North Carolina Rex Hospital, and Adam Williams, M.D., cardiothoracic surgeon, Duke University, in collaboration with Duke’s Division of Laboratory Animal Resources and Department of Surgery. “Coronary artery bypass grafting is one of the most common surgical procedures in the U.S., but it currently requires surgically harvesting a saphenous vein for grafting. The quality and availability of the venous conduit is a critically important factor in a successful CABG and the potential to eliminate vein harvesting with a universally implantable, readily available acellular vessel is exciting,” said Dr. Kypson, who presented the results today. “Results observed in this preclinical study indicated the small-diameter HAV was an effective replacement vessel for CABG surgery in baboons, a primate that is phylogenically similar to humans, which supports the continued investigation of HAV in CABG.” Dr. Kypson has led the large animal preclinical development of Humacyte’s vessels in CABG for more than a decade. Humacyte plans to evaluate the safety and efficacy of these small-diameter HAVs in additional preclinical primate CABG studies designed to support first-in-human clinical trials. The 3.5mm diameter HAV has smaller product dimensions but is manufactured using a similar process as Humacyte’s 6mm HAV system currently being evaluated in advanced-stage clinical trials in vascular trauma, arteriovenous access for hemodialysis, and peripheral arterial disease. The production of the functional 3.5mm HAV is indicative of the potentially broad application of Humacyte’s proprietary bioengineered tissue platform and manufacturing processes. Humacyte also presented [preclinical data on the 3.5mm HAV in pediatric heart disease](https://www.globenewswire.com/Tracker?data=7Blv5ohHAWMEhY_svbD3U_xndkqrbHm40Tk0K5w45bprUwoCqT30AbKw2CVLdaq7b62L3uOjS8bB5dR7sgH6i9LDUEF7JjfgDmY4tssC6JJVmSALox0LQu-N7BAF5oZEFoH37g6vl_Dwqfs9UNcttoYXdjTL9M6W5spnQ3HTJeREVavF8tptiKVbjIn5SUS7cX7IzAmRfTqf55GhCrAtU20QHf-e8dXHc2ewrUMpMjcbncTOS2ZZME7IoiEqKd_BvMKzB9EmUKwPnBgH3oNNCLYKCgHjqtzMvC5Ra7mxcYccS8NVrIY9jZev5TW0XTcHtykfL5REIdGiEqZpRzxpjqSPh6FGbKUagFBMcJeSwZ-MX20pvb0MO9yKUYS0OFnernJTU0lRuilBkr3wLHseJB9tdPxNGyJ4846tvl1qHhM=) at the American Heart Association’s Scientific Sessions 2021. The HAV is an investigational product candidate and is not currently approved for sale by the U.S. Food and Drug Administration or any international regulatory authority. “We believe these results further underscore the promise of our bioengineered tissue platform beyond our 6mm clinical-stage vascular indications and moving towards cardiac surgical procedures,” said Laura Niklason, M.D., Ph.D., Founder, President and Chief Executive Officer of Humacyte. “We were pleased to see the small-diameter HAV remained patent and to have observed vascular host-cell repopulation comparable to clinical data observed in multiple 6mm HAV clinical studies. We look forward to continuing to evaluate the small-diameter HAV in CABG and Blalock-Taussig-Thomas shunt, and to exploring the potential of our off-the-shelf regenerative medicine technology in a range of indications with critical unmet medical needs.” The presentation will be available on [Humacyte.com](http://humacyte.com/). **About HAV** Human Acellular Vessels (HAV) are engineered off-the-shelf replacement vessels initially being developed for vascular repair, reconstruction and replacement. HAV is intended to overcome long-standing limitations in vessel tissue repair and replacement – it can be manufactured at commercial scale, it eliminates the need for harvesting a vessel from a patient, and clinical evidence suggests that it is non-immunogenic, infection-resistant, and can become durable living tissue. The HAV is currently being evaluated in two Phase 3 trials in arteriovenous access and a Phase 2/3 trial for vascular trauma, and has been used in more than 460 patient implantations. It is the first product to receive Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration (FDA), and has also received FDA Fast Track designation. **About Humacyte** Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s HAVs were the first product to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation and received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit [www.Humacyte.com](https://www.globenewswire.com/Tracker?data=SqxfnumbJVVUwcwdoJdZQZJpq3-xnVaVXnAhQR7-eglfNcJcIJt1MYdSm5cmer1Owc-IBkgub6lk3-jSSUnqog==). **Forward-Looking Statements** This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the initiation, timing, progress, and results of our preclinical and clinical trials; the anticipated characteristics and performance of our HAVs; our ability to successfully complete, preclinical and clinical trials for our HAVs; the anticipated benefits of our HAVs relative to existing alternatives; the anticipated commercialization of our HAVs and our ability to manufacture at commercial scale; the implementation of our business model and strategic plans for our business; our rights and obligations under our partnership with Fresenius Medical Care; the scope of protection we are able to establish and maintain for intellectual property rights covering our HAVs and related technology; the timing or likelihood of regulatory filings and approvals; timing, scope, and rate of reimbursement for our HAVs; and our estimated available market opportunity. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the impact of COVID-19 on Humacyte’s business, changes in applicable laws or regulations, the possibility that Humacyte may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-1, as amended, filed by Humacyte with the SEC. Most of these factors are outside of Humacyte’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. **Humacyte Investor Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=Q8JDjk8jXTTIFITaj5EhrekRRV3183S16jkoGbJPpU3D8ogkKLJHAjBto3S8RPbzrPfcBpyHD-3L-gdt1QVklyAT9Xwunkqm8rqzV6Tio2w=) **Humacyte Media Contact:** [[email protected]](https://www.globenewswire.com/Tracker?data=VvNC1obsUT0UlnfZUFTYtEkyhJFMn9cO7anHbMdJqrlV2rOpJID1MidW0j2B6uLPxs0vMhusID9qKCXLHr5VxrhfxynOXINoPGJOu-qMU2U=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE4OCM0Njk4NjI4IzIyMDk0MzY=) [Image](https://ml.globenewswire.com/media/ODdmYzdiOTEtOWNmNC00ZTNlLWE5YmUtNzI0MGE1MTg0ZTg0LTEyMjA5ODk=/tiny/Humacyte-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2cb2587f-6d82-4b69-b6e1-17be3565ac8d) Source: Humacyte, Inc
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Symbol: AMC
Security: AMC Entertainment Holdings, Inc.
Related Stocks/Topics: UPST|Markets|TDOC|GME|PLTR
Title: Upstart Stock Looks Poised To Soar After Huge Pullback
Type: News
Publication: InvestorPlace
Publication Author: Larry Ramer
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (<a href=](https://investorplace.com/wp-content/uploads/2021/12/upstart-1600-300x169.png) UPST) is viewed through a magnifying glass focused on the company's logo." width="300" height="169">Source: Postmodern Studio / Shutterstock.comStill, after another 30% retreat by the name and amid multiple signs that the Street is warming up to the shares, I’m more bullish on the name than I was when my previous column was published on Jan. 3.Also importantly, I remain very upbeat on Upstart’s fundamentals and long-term outlook. UPST looks like a solid long-term play.Here’s why. **The Street Is Warming up to UPST Stock** InvestorPlace contributor Ian Bezek, a former Street analyst, was once [very bearish](https://investorplace.com/2021/10/upst-stock-is-wildly-overvalued-and-set-to-crash/?utm_source=Nasdaq&utm_medium=referral) on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 16.1043
Stock Price 2 days before: 15.7711
Stock Price 1 day before: 14.63
Stock Price at release: 14.5698
Risk-Free Rate at release: 0.0004
| 17.6217 |
Broader Economic Information:
Date: 2022-01-28
Title: Brandywine Realty Trust Becomes Oversold
Article: The [DividendRank](https://www.dividendchannel.com/dividend-rank/) formula at [Dividend Channel](https://www.dividendchannel.com/) ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Brandywine Realty Trust (Symbol: BDN) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Brandywine Realty Trust an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of BDN entered into oversold territory, changing hands as low as $12.225 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Brandywine Realty Trust, the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by [Dividend Channel](https://www.dividendchannel.com/) currently has an average RSI of 40.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, BDN's recent annualized dividend of 0.76/share (currently paid in quarterly installments) works out to an annual yield of 6.05% based upon the recent $12.57 share price. A bullish investor could look at BDN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on BDN is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. [BDN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Click here to find out what 9 other oversold dividend stocks you need to know about »](https://www.dividendchannel.com/slideshows/ten-oversold-dividend-stocks/)
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Date: 2022-01-29
Title: LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is falling hard on Thursday following the release of the peer-to-peer lending company’s Q4 2021 earnings report. [A building with the LendingClub (LC stock) name on it.](https://investorplace.com/wp-content/uploads/2022/01/lc-stock-300x169.png) Source: Michael Vi / Shutterstock.comLet’s dive into that news below to see why holders of LC stock are dropping the shares today. - The company starts off its earnings report with a [revenue of $262.2 million](https://ir.lendingclub.com/news/news-details/2022/LendingClub-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx). - While that’s a 7% sequential increase, it’s still not what Wall Street was expecting. - LendingClub needed to reach a revenue of $267.53 to match Q4 estimates. - That revenue miss is dragging LC stock down despite its diluted earnings per share of 27 cents. - This beat out analysts’ estimates of 22 cents per share for the period. - Unfortunately, the company’s outlook for the full year of 2021 isn’t doing its stock any favors today. - LendingClub is expecting 2022 revenue to range from $1.1 billion to $1.2 billion. - At a midpoint of $1.15 billion, that’s below Wall Street’s estimate of $1.16 billion for the full year of 2022. - Estimates for Q1 2022 are better with revenue ranging from $255 million to $265 million. - That would see beating analysts’ revenue estimate of $258.61 million for the quarter. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) LendingClub investors didn’t react positively to today’s earnings news and heavy trading has shares of the stock slipping. As of this writing, more than 18 million shares of LC stock have changed hands. That’s higher than the company’s daily average trading volume of about 3 million shares.LC stock is down 28.2% as of Thursday afternoon and is down 35.4% since the start of the year.There’s a wealth of additional [stock market news](https://www.nasdaq.com/news-and-insights) that investors will want to know about below! InvestorPlace offers up daily coverage of the stock market with the latest news and today is no different. Big news for Thursday include an **Apifiny** SPAC merger in the works, details from the **Tesla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) earnings event, as well as what to know about **Knightscope** (NASDAQ: [KSCP](https://investorplace.com/stock-quotes/kscp-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) making its public debut. You can get all of these details, and more, from the following links! **More Stock Market News for Thursday** - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) - [TSLA Stock: 3 Top Takeaways From the Tesla Earnings Event](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) - [Knightscope Stock IPO: 8 Things to Know as KSCP Starts Trading Today](https://investorplace.com/2022/01/knightscope-stock-ipo-8-things-to-know-as-kscp-starts-trading-today/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Article: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics
Date: 2022-01-28
Title: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates
Article: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2021 Financial Results
Article: ALEXANDRIA, La., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2021. Net income for the fourth quarter of 2021 was $8.5 million, or $1.17 per diluted common share ("EPS"), an increase of $372,000, or 4.6%, compared to $8.1 million, or $1.12 EPS, for the third quarter of 2021, and an increase of $1.2 million, or 17.2%, compared to $7.3 million, or $0.99 EPS, for the fourth quarter of 2020. For the fourth quarter of 2021, the quarterly return on assets was 1.09% and the quarterly return on equity was 11.33%. Net income for the year ended December 31, 2021, was $33.0 million, or $4.51 EPS, an increase of $4.8 million, or 17.1%, compared to $28.1 million, or $3.83 EPS, for the year ended December 31, 2020. For the year ended December 31, 2021, the return on assets was 1.13% and the return on equity was 11.21%. **Fourth Quarter and Year-End 2021 Performance and Operational Highlights** In the fourth quarter of 2021, the Company had robust deposit and asset growth, solid earnings, and a continued high level of liquidity. The Company began providing banking services in New Orleans, Louisiana, our newest market, through a combined loan and deposit production office ("LPO/DPO"). The Company also finalized a large private stock repurchase that completed the stock repurchase program announced on August 31, 2021. The fourth quarter of 2021 began with a declining trend of COVID-19 cases and hospitalizations in the Louisiana markets served by Red River Bank. However, as a result of the emergence of the Omicron variant in December 2021, the number of cases and hospitalizations increased toward the end of the quarter. Economic activity in Louisiana remained relatively stable, although the economy is still impacted by supply chain disruptions and labor shortages. - Net income for the fourth quarter of 2021 was $8.5 million, $372,000 higher than the prior quarter, primarily due to higher net interest income, partially offset by higher personnel expenses. - Assets increased $203.9 million in the fourth quarter of 2021 to $3.22 billion as of December 31, 2021, primarily driven by a $205.8 million increase in deposits. The deposit growth was largely the result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. - Net interest income for the fourth quarter of 2021 was $18.8 million, $666,000 higher than the prior quarter. This increase was primarily due to deploying funds into loans and securities. - Personnel expenses for the fourth quarter of 2021 were $8.4 million, $406,000 higher than the prior quarter. This increase was primarily due to adding new staff in connection with our expansion in new and existing markets. - There was $196,000 of nonrecurring gains on sales of properties in the fourth quarter of 2021. - Red River Bank is participating in the Small Business Administration ("SBA") Paycheck Protection Program ("PPP"). As of December 31, 2021, PPP loans were $17.6 million, net of $626,000 of deferred income, or 1.0% of loans held for investment ("HFI"). In the fourth quarter of 2021, forgiveness payments on PPP loans resulted in a $28.4 million decrease in PPP loans, net of deferred fees. PPP loan income for the fourth quarter of 2021 was $1.2 million, $155,000 lower than the prior quarter. PPP loan income for 2021 was $5.8 million, compared to $5.6 million for 2020. - As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021. The growth in non-PPP loans HFI was a result of new loans in New Orleans, our newest market, and increased loan activity in other markets. - Nonperforming assets ("NPA(s)") decreased $1.4 million in the fourth quarter and were $979,000, or 0.03% of assets as of December 31, 2021. As of December 31, 2021, the allowance for loan losses ("ALL") was $19.2 million, or 1.14% of loans HFI and 1.15%(1) of non-PPP loans HFI (non-GAAP). - We paid a quarterly cash dividend of $0.07 per common share. - In the third quarter of 2021, the board of directors renewed a stock repurchase program, authorizing the Company to purchase up to $5.0 million of outstanding shares of common stock between September 1, 2021 and August 31, 2022. In accordance with this stock repurchase program, in the fourth quarter of 2021 we entered into a privately-negotiated stock repurchase agreement and repurchased 96,245 shares of our common stock for $4.9 million. As a result of this transaction, the Company has purchased the full amount authorized by this stock repurchase program. - In the fourth quarter of 2021, as part of our continued Louisiana market expansion plan, we began operations in our newest market, New Orleans, Louisiana. We have hired a New Orleans market president and seven additional New Orleans bankers. On December 6, 2021, we opened an LPO/DPO in downtown New Orleans and began providing banking services in this new market. - In our Acadiana market, renovations have been completed on a new banking center location that we purchased in 2020. This location opened as the first Red River Bank full-service banking center in Lafayette, Louisiana on January 26, 2022. Red River Bank also has an LPO/DPO in the Acadiana market. Blake Chatelain, President and Chief Executive Officer, stated, "The fourth quarter of 2021 resulted in robust balance sheet growth, consistent performance, improved asset quality, continued execution of our organic growth plans, and a significant stock buyback transaction. "Deposits and assets increased significantly in the fourth quarter of 2021 due to customers maintaining higher deposit balances and the seasonal inflow of public entity funds. Loan growth faced headwinds with loan paydowns and payoffs; however, these challenges were offset by lending opportunities in our newer markets and our lenders' calling activity. This activity resulted in a 5.7% increase in non-PPP loans in the fourth quarter of 2021. "In December 2021, we opened an LPO/DPO in the New Orleans downtown business district, and our bankers are seeing steady activity already. In addition to a team of eight local bankers hired for the New Orleans market, we were pleased to add an additional, experienced commercial lender in our Northshore market. "In our Acadiana market, we were excited to have opened our first full-service banking center in Lafayette in January 2022. "As a result of having the stock buyback program, we were able to repurchase a large block of shares in a privately-negotiated transaction. This transaction utilized all of the funds in the existing stock repurchase program. We expect to execute a new stock repurchase program in the first quarter of 2022, subject to board approval and market conditions. "We are saddened by the loss of our longtime friend and founding director of the Company and the Bank, Barry Hines, who passed away in late December 2021. Barry made tremendous contributions to the Company and the Bank, and his wit, wisdom, counsel, and love of life will be greatly missed. "As we begin 2022, I want to recognize the Red River Bank team members who made 2021 a successful year. They worked tirelessly through many challenges to take care of our customers and to continue to build a strong, solid, community bank focused on building shareholder value. Also, on behalf of the Red River Bancshares, Inc. board of directors, I want to thank our shareholders for their loyalty, enthusiasm, and support over the years. We look forward to continued success in 2022 and beyond." **Net Interest Income and Net Interest Margin FTE** Net interest income increased and the net interest margin fully tax equivalent ("FTE") decreased for the fourth quarter of 2021 when compared to the prior quarter. These measures were both impacted by a continued high level of liquidity and the continued low interest rate environment. Net interest income for the fourth quarter of 2021 was $18.8 million, which was $666,000, or 3.7%, higher than the third quarter of 2021, due to a $633,000 increase in interest and dividend income and a $33,000 decrease in interest expense. The increase in interest and dividend income was primarily due to an increase in non-PPP loan income and an increase in securities income, partially offset by a decrease in PPP loan income. Non-PPP loan income increased $577,000 due to a $69.7 million increase in the average balance of non-PPP loans, partially offset by lower rates on new and renewed non-PPP loans. Securities income increased $192,000 due to a higher average balance of securities resulting from investing short-term liquid assets into securities, partially offset by the impact of lower yields compared to the prior quarter. PPP loan income decreased $155,000 due to a lower average balance of PPP loans outstanding and lower fees recognized to income on PPP loans. Interest expense decreased in the fourth quarter of 2021 as a result of our third quarter adjustment to rates, which impacted new and renewing time deposits, partially offset by an increase in the average balance of interest-bearing transaction deposits. The net interest margin FTE decreased eight basis points ("bp(s)") to 2.52% for the fourth quarter of 2021, compared to 2.60% for the prior quarter. Contributing to this decrease was an increase in the average balance of short-term liquid assets, an 11 bp decrease in the yield on securities, and a three bp decrease in the yield on non-PPP loans. Average short-term liquid assets were $701.0 million, which was $68.7 million, or 10.9%, higher than the prior quarter and 23.4% of average earning assets. In the fourth quarter of 2021, on a stand-alone basis, this level of liquidity had a 73 bp dilutive impact to the net interest margin FTE. The yield on securities decreased because we reallocated funds from short-term liquid assets yielding 0.14% into securities yielding 0.99%, which was a lower yield than the existing portfolio. The net interest margin FTE for the fourth quarter of 2021 benefited from an increase in PPP loan yield and a seven bp decrease in the rate on time deposits as a result of our third quarter adjustment to deposit rates, which impacted new and renewing time deposits. Average PPP loans outstanding, net of deferred income, for the fourth quarter of 2021 were $29.2 million, which was $34.0 million lower than the prior quarter. During the fourth quarter we received $29.6 million in SBA forgiveness and borrower repayments on PPP loans, compared to $37.7 million in the prior quarter. PPP loans have a 1.0% interest rate, and PPP loan origination fees are recorded to interest income over the loan term, or until the loans are forgiven by the SBA or repaid by the borrower. When PPP loan forgiveness payments or borrower payments are received in full, the remaining portion of origination fees are recorded to income. For the fourth quarter of 2021, PPP loan interest and fees totaled $1.2 million, resulting in a 16.46% yield, compared to $1.4 million in interest and fees and an 8.57% yield for the prior quarter. The decrease in PPP loan income was primarily due to a lower amount of PPP loans forgiven by the SBA in the fourth quarter of 2021 than in the third quarter. The increase in PPP loan yield was primarily due to forgiving loans with higher origination fee percentages in the fourth quarter of 2021 when compared to the prior quarter. As of December 31, 2021, deferred PPP fees were $626,000. Excluding PPP loan income, net interest income (non-GAAP) for the fourth quarter of 2021 was $17.6 million,(1) which was $821,000, or 4.9%, higher than the third quarter of 2021. Also, with PPP loans excluded for the fourth quarter of 2021, the yield on non-PPP loans (non-GAAP) was 3.90%,(1) and the net interest margin FTE (non-GAAP) was 2.38%(1). For the fourth quarter of 2021, PPP loans had a 23 bp accretive impact to the yield on loans and a 14 bp accretive impact to the net interest margin FTE. The Federal Open Market Committee is expected to raise the target federal funds rate several times in 2022. Our balance sheet is asset sensitive, and historically, our deposit interest rates have adjusted more slowly than the change in the federal funds rate. As of December 31, 2021, floating rate loans were 15.0% of loans HFI, and floating rate transaction deposits were 4.4% of interest-bearing transaction deposits. Dependent upon balance sheet activity and excluding PPP loans, we expect an increasing rate environment to have a positive effect on our net interest income and net interest margin FTE in 2022. **Provision for Loan Losses** The provision for loan losses for the fourth quarter of 2021 was $150,000, which was consistent with the prior quarter provision. The economic activity in Louisiana remained relatively consistent, and our asset quality metrics improved in both quarters. Provision expense was $1.9 million for 2021, compared to $6.3 million for 2020. The provision for loan losses was higher in 2020 due to economic pressures relating to the COVID-19 pandemic. **Noninterest Income** Noninterest income totaled $5.7 million for the fourth quarter of 2021, an increase of $29,000, or 0.5%, compared to $5.6 million for the previous quarter. The increase was mainly due to gains on sales of properties, partially offset by lower mortgage loan income and reduced income from a Small Business Investment Company ("SBIC") limited partnership of which Red River Bank is a member. Other income for the fourth quarter of 2021 was $214,000, compared to a net loss of $14,000 for the third quarter of 2021. In the fourth quarter of 2021, other real estate owned ("OREO") properties and a bank property were sold, resulting in a nonrecurring $196,000 net gain on sale. In the third quarter of 2021, a $34,000 valuation reduction was recorded on an OREO property. Mortgage loan income totaled $1.7 million for the fourth quarter of 2021, a decrease of $103,000, or 5.8%, compared to $1.8 million for the third quarter of 2021. This decrease was primarily the result of seasonal, reduced mortgage loan demand. SBIC income for the fourth quarter of 2021 was $38,000, a decrease of $98,000, or 72.1%, from the prior quarter due to lower operating income being distributed by the SBIC. **Operating Expenses** Operating expenses for the fourth quarter of 2021 totaled $14.0 million, an increase of $332,000, or 2.4%, compared to $13.7 million for the previous quarter. This increase was mainly due to higher personnel expenses, partially offset by lower loan and deposit expenses and lower technology expenses. Personnel expenses totaled $8.4 million for the fourth quarter of 2021, up $406,000, or 5.1%, from the third quarter of 2021. This increase was due to adding new staff in expansion markets in the fourth quarter of 2021, combined with a lower COVID-19 payroll benefit resulting from the expiration of employer credits under the Families First Coronavirus Response Act on September 30, 2021. Loan and deposit expenses totaled $243,000 for the fourth quarter of 2021, a decrease of $82,000, or 25.2%, from the previous quarter. This decrease was a result of the transition to a new appraisal tracking system in the second quarter of 2021, which temporarily increased loan expenses in the third quarter of 2021. The new, digital appraisal system has improved the efficiency of our appraisal process. Technology expenses totaled $667,000 for the fourth quarter of 2021, a decrease of $67,000, or 9.1%, from the previous quarter. This decrease was due to $35,000 of nonrecurring expenses in the third quarter of 2021 related to opening a new banking center in Lake Charles, as well as lower communication expenses in the fourth quarter of 2021 resulting from a more favorable contract with a communications service provider. **Asset Overview** As of December 31, 2021, assets totaled $3.22 billion, which was $203.9 million, or 6.8%, higher than $3.02 billion as of September 30, 2021. This increase was primarily due to a $205.8 million increase in deposits in the fourth quarter. Loans HFI increased $61.2 million, or 3.8%, in the fourth quarter of 2021. Because deposit growth exceeded loan growth, excess funds were deployed into securities and interest-bearing deposits in other banks. Securities available-for-sale increased $91.0 million to $659.2 million and were 21.1% of earning assets as of December 31, 2021. Interest-bearing deposits in other banks increased $67.8 million to $761.7 million and were 24.4% of earning assets as of December 31, 2021. The loans HFI to deposits ratio was 57.86% as of December 31, 2021, compared to 59.99% as of September 30, 2021. Assets excluding PPP loans, net of deferred income (non-GAAP) as of December 31, 2021, totaled $3.21 billion,(1) an increase of $232.3 million, or 7.8%, from $2.97 billion(1) as of September 30, 2021. The non-PPP loans HFI to deposits ratio (non-GAAP) was 57.25%(1) as of December 31, 2021, compared to 58.29%(1) as of September 30, 2021. **Loans** Loans HFI as of December 31, 2021, were $1.68 billion, an increase of $61.2 million, or 3.8%, from September 30, 2021. As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021, due to new loan activity in New Orleans, our newest market, and increased activity in other markets. Red River Bank began participating in the SBA PPP in the second quarter of 2020. Through December 31, 2021, we had received $198.6 million in SBA forgiveness and borrower payments on 99.9% of the PPP First Draw loans originated and $40.6 million in SBA forgiveness and borrower payments on 78.7% of the PPP Second Draw loans originated. As of December 31, 2021, PPP loans totaled $17.6 million, net of $626,000 of deferred income, and were 1.0% of loans HFI. Our health care loans are made up of a diversified portfolio of health care providers. As of December 31, 2021, total health care credits were 8.3% of non-PPP loans HFI (non-GAAP), nursing and residential care loans were 3.6% of non-PPP loans HFI (non-GAAP), and loans to physician and dental practices were 4.6% of non-PPP loans HFI (non-GAAP). The average loan size of health care credits was $295,000. On March 5, 2021, it was announced that certain U.S. Dollar London Interbank Offered Rate ("LIBOR") rates would cease to be published after June 30, 2023. As of December 31, 2021, 3.6% of our non-PPP loans HFI (non-GAAP) were LIBOR-based with a setting that expires June 30, 2023. Alternative rate language is present in each credit agreement with a LIBOR-based rate. We do not anticipate any issues with transitioning each loan to a non-LIBOR-based rate. **Asset Quality and Allowance for Loan Losses** NPAs totaled $979,000 as of December 31, 2021, down $1.4 million, or 59.7%, from September 30, 2021, primarily due to the payoff and charge-off of nonaccrual loans. The ratio of NPAs to total assets improved to 0.03% as of December 31, 2021, from 0.08% as of September 30, 2021. As of December 31, 2021, the ALL was $19.2 million. The ratio of ALL to loans HFI was 1.14% as of December 31, 2021, and 1.18% as of September 30, 2021. The ratio of ALL to non-PPP loans HFI (non-GAAP) was 1.15%(1) as of December 31, 2021, and 1.22%(1) as of September 30, 2021. The net charge-off ratio was 0.01% for the fourth quarter of 2021 and 0.03% for the third quarter of 2021. **Deposits** Deposits as of December 31, 2021, were $2.91 billion, an increase of $205.8 million, or 7.6%, compared to September 30, 2021. Average deposits for the fourth quarter of 2021 were $2.79 billion, an increase of $188.6 million, or 7.3%, from the prior quarter. This increase was primarily a result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. Noninterest-bearing deposits totaled $1.15 billion as of December 31, 2021, up $6.0 million, or 0.5%, from September 30, 2021. As of December 31, 2021, noninterest-bearing deposits were 39.50% of total deposits. Interest-bearing deposits totaled $1.76 billion as of December 31, 2021, up $199.8 million, or 12.8%, compared to September 30, 2021. **Stockholders’ Equity** Total stockholders’ equity decreased to $298.2 million as of December 31, 2021, from $298.7 million as of September 30, 2021. The $538,000 decrease in stockholders’ equity during the fourth quarter of 2021 was attributed to the repurchase of 96,245 shares of our common stock for $4.9 million, a $3.7 million, net of tax, market adjustment to accumulated other comprehensive income related to securities available-for-sale, and $502,000 in cash dividends, partially offset by $8.5 million of net income, and $63,000 of stock compensation. We paid a quarterly cash dividend of $0.07 per share on December 16, 2021. **Non-GAAP Disclosure** Our accounting and reporting policies conform to United States generally accepted accounting principles ("GAAP") and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission's ("SEC") rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S. Management and the board of directors review tangible book value per share and tangible common equity to tangible assets, and PPP-adjusted metrics as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that are discussed may differ from that of other companies reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures. A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. **About Red River Bancshares, Inc.** The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 27 banking centers throughout Louisiana and two combined loan and deposit production offices, one each in Lafayette, Louisiana and New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; and Acadiana, which includes the Lafayette MSA. **Forward-Looking Statements** Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement. Contact:Isabel V. Carriere, CPA, CGMAExecutive Vice President and Chief Financial Officer318-561-4023 [[email protected]](https://www.globenewswire.com/Tracker?data=_qyhkaXlbi0Y7J8DsiMuhPVtx5kPQzocm60W8kJnTEpQQQVGnGWCultL9S6SbF-ew3tJjmnnVm7YnPzUd9MVdsUFR5VfZaGmQJdAEbsnEpUGwMtyK3erDC4Wo2Qr0bS-) (1) Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline FINANCIAL HIGHLIGHTS (UNAUDITED) \\ \hline \\ \hline & As of and for theThree Months Ended & & As of and for theYear Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & & September 30,2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline Net Income & $ & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 & \\ \hline & & & & & & & & & \\ \hline Per Common Share Data: & & & & & & & & & \\ \hline Earnings per share, basic & $ & 1.18 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.53 & & & $ & 3.84 & \\ \hline Earnings per share, diluted & $ & 1.17 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.51 & & & $ & 3.83 & \\ \hline Book value per share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & & & $ & 41.52 & & & $ & 38.97 & \\ \hline Tangible book value per share(1) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & & & $ & 41.31 & & & $ & 38.76 & \\ \hline Cash dividends per share & $ & 0.07 & & & $ & 0.07 & & & $ & 0.06 & & & $ & 0.28 & & & $ & 0.24 & \\ \hline Shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & & & & 7,180,155 & & & & 7,325,333 & \\ \hline Weighted average shares outstanding, basic & & 7,229,324 & & & & 7,278,192 & & & & 7,325,333 & & & & 7,281,136 & & & & 7,322,158 & \\ \hline Weighted average shares outstanding, diluted & & 7,247,277 & & & & 7,294,011 & & & & 7,343,859 & & & & 7,299,720 & & & & 7,345,045 & \\ \hline & & & & & & & & & \\ \hline Summary Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.09 & % & & & 1.11 & % & & & 1.13 & % & & & 1.13 & % & & & 1.22 & % \\ \hline Return on average equity & & 11.33 & % & & & 10.83 & % & & & 10.23 & % & & & 11.21 & % & & & 10.39 & % \\ \hline Net interest margin & & 2.46 & % & & & 2.54 & % & & & 3.01 & % & & & 2.54 & % & & & 3.09 & % \\ \hline Net interest margin FTE & & 2.52 & % & & & 2.60 & % & & & 3.08 & % & & & 2.60 & % & & & 3.14 & % \\ \hline Efficiency ratio & & 57.33 & % & & & 57.61 & % & & & 53.66 & % & & & 56.39 & % & & & 55.77 & % \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % & & & 57.86 & % & & & 67.87 & % \\ \hline Noninterest-bearing deposits to deposits ratio & & 39.50 & % & & & 42.29 & % & & & 40.32 & % & & & 39.50 & % & & & 40.32 & % \\ \hline Noninterest income to average assets & & 0.72 & % & & & 0.77 & % & & & 0.97 & % & & & 0.84 & % & & & 1.00 & % \\ \hline Operating expense to average assets & & 1.79 & % & & & 1.86 & % & & & 2.08 & % & & & 1.87 & % & & & 2.22 & % \\ \hline & & & & & & & & & \\ \hline Summary Credit Quality Ratios: & & & & & & & & & \\ \hline Nonperforming assets to total assets & & 0.03 & % & & & 0.08 & % & & & 0.16 & % & & & 0.03 & % & & & 0.16 & % \\ \hline Nonperforming loans to loans HFI & & 0.02 & % & & & 0.09 & % & & & 0.21 & % & & & 0.02 & % & & & 0.21 & % \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % & & & 1.14 & % & & & 1.13 & % \\ \hline Net charge-offs to average loans & & 0.01 & % & & & 0.03 & % & & & 0.06 & % & & & 0.04 & % & & & 0.14 & % \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Total stockholders' equity to total assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % & & & 9.25 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (1) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % & & & 9.20 & % & & & 10.75 & % \\ \hline Total risk-based capital to risk-weighted assets & & 17.83 & % & & & 18.74 & % & & & 18.68 & % & & & 17.83 & % & & & 18.68 & % \\ \hline Tier 1 risk-based capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Common equity Tier 1 capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Tier 1 risk-based capital to average assets & & 9.67 & % & & & 10.21 & % & & & 10.92 & % & & & 9.67 & % & & & 10.92 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED BALANCE SHEETS (UNAUDITED) \\ \hline \\ \hline (in thousands) & December 31, 2021 & & September 30,2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 23,143 & & & $ & 36,614 & & & $ & 33,728 & & & $ & 36,856 & & & $ & 29,537 & \\ \hline Interest-bearing deposits in other banks & & 761,721 & & & & 693,950 & & & & 633,744 & & & & 566,144 & & & & 417,664 & \\ \hline Securities available-for-sale & & 659,178 & & & & 568,199 & & & & 512,012 & & & & 515,942 & & & & 498,206 & \\ \hline Equity securities & & 7,846 & & & & 7,920 & & & & 3,961 & & & & 3,951 & & & & 4,021 & \\ \hline Nonmarketable equity securities & & 3,450 & & & & 3,449 & & & & 3,449 & & & & 3,447 & & & & 3,447 & \\ \hline Loans held for sale & & 4,290 & & & & 8,782 & & & & 12,291 & & & & 18,449 & & & & 29,116 & \\ \hline Loans held for investment & & 1,683,832 & & & & 1,622,593 & & & & 1,600,388 & & & & 1,602,086 & & & & 1,588,446 & \\ \hline Allowance for loan losses & & (19,176 & ) & & & (19,168 & ) & & & (19,460 & ) & & & (19,377 & ) & & & (17,951 & ) \\ \hline Premises and equipment, net & & 48,056 & & & & 47,432 & & & & 47,414 & & & & 46,950 & & & & 46,924 & \\ \hline Accrued interest receivable & & 6,245 & & & & 5,927 & & & & 6,039 & & & & 6,460 & & & & 6,880 & \\ \hline Bank-owned life insurance & & 28,061 & & & & 27,886 & & & & 27,710 & & & & 22,546 & & & & 22,413 & \\ \hline Intangible assets & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & \\ \hline Right-of-use assets & & 3,743 & & & & 3,847 & & & & 3,950 & & & & 4,053 & & & & 4,154 & \\ \hline Other assets & & 12,775 & & & & 11,807 & & & & 11,704 & & & & 11,619 & & & & 8,231 & \\ \hline Total Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & \\ \hline Noninterest-bearing deposits & $ & 1,149,672 & & & $ & 1,143,693 & & & $ & 1,031,486 & & & $ & 1,015,350 & & & $ & 943,615 & \\ \hline Interest-bearing deposits & & 1,760,676 & & & & 1,560,890 & & & & 1,538,113 & & & & 1,499,925 & & & & 1,396,745 & \\ \hline Total Deposits & & 2,910,348 & & & & 2,704,583 & & & & 2,569,599 & & & & 2,515,275 & & & & 2,340,360 & \\ \hline Accrued interest payable & & 1,310 & & & & 1,340 & & & & 1,432 & & & & 1,699 & & & & 1,774 & \\ \hline Lease liabilities & & 3,842 & & & & 3,943 & & & & 4,042 & & & & 4,138 & & & & 4,233 & \\ \hline Accrued expenses and other liabilities & & 11,060 & & & & 12,230 & & & & 10,479 & & & & 14,649 & & & & 10,789 & \\ \hline Total Liabilities & & 2,926,560 & & & & 2,722,096 & & & & 2,585,552 & & & & 2,535,761 & & & & 2,357,156 & \\ \hline COMMITMENTS AND CONTINGENCIES & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline STOCKHOLDERS' EQUITY & & & & & & & & & \\ \hline Preferred stock, no par value & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Common stock, no par value & & 60,233 & & & & 65,130 & & & & 65,934 & & & & 67,093 & & & & 68,055 & \\ \hline Additional paid-in capital & & 1,814 & & & & 1,751 & & & & 1,692 & & & & 1,638 & & & & 1,545 & \\ \hline Retained earnings & & 239,876 & & & & 231,868 & & & & 224,240 & & & & 216,511 & & & & 208,957 & \\ \hline Accumulated other comprehensive income (loss) & & (3,773 & ) & & & (61 & ) & & & 1,058 & & & & (331 & ) & & & 6,921 & \\ \hline Total Stockholders' Equity & & 298,150 & & & & 298,688 & & & & 292,924 & & & & 284,911 & & & & 285,478 & \\ \hline Total Liabilities and Stockholders' Equity & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) \\ \hline & & & & & & & & & \\ \hline & For the Three Months Ended & & For the Year Ended \\ \hline (in thousands) & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & & \\ \hline Interest and fees on loans & $ & 17,415 & & & $ & 16,993 & & & $ & 18,605 & & & $ & 67,923 & & & $ & 69,228 \\ \hline Interest on securities & & 2,412 & & & & 2,220 & & & & 1,834 & & & & 8,660 & & & & 7,601 \\ \hline Interest on federal funds sold & & 21 & & & & 20 & & & & 28 & & & & 88 & & & & 207 \\ \hline Interest on deposits in other banks & & 226 & & & & 202 & & & & 58 & & & & 658 & & & & 322 \\ \hline Dividends on stock & & 1 & & & & 7 & & & & 1 & & & & 10 & & & & 20 \\ \hline Total Interest and Dividend Income & & 20,075 & & & & 19,442 & & & & 20,526 & & & & 77,339 & & & & 77,378 \\ \hline INTEREST EXPENSE & & & & & & & & & \\ \hline Interest on deposits & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,362 \\ \hline Interest on other borrowed funds & & — & & & & — & & & & — & & & & — & & & & 16 \\ \hline Total Interest Expense & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,378 \\ \hline Net Interest Income & & 18,775 & & & & 18,109 & & & & 18,661 & & & & 71,722 & & & & 69,000 \\ \hline Provision for loan losses & & 150 & & & & 150 & & & & 2,675 & & & & 1,900 & & & & 6,293 \\ \hline Net Interest Income After Provision for Loan Losses & & 18,625 & & & & 17,959 & & & & 15,986 & & & & 69,822 & & & & 62,707 \\ \hline NONINTEREST INCOME & & & & & & & & & \\ \hline Service charges on deposit accounts & & 1,318 & & & & 1,258 & & & & 1,107 & & & & 4,775 & & & & 4,108 \\ \hline Debit card income, net & & 1,071 & & & & 1,094 & & & & 1,011 & & & & 4,415 & & & & 3,641 \\ \hline Mortgage loan income & & 1,667 & & & & 1,770 & & & & 2,679 & & & & 8,676 & & & & 8,398 \\ \hline Brokerage income & & 806 & & & & 851 & & & & 598 & & & & 3,297 & & & & 2,324 \\ \hline Loan and deposit income & & 457 & & & & 413 & & & & 361 & & & & 1,738 & & & & 1,701 \\ \hline Bank-owned life insurance income & & 175 & & & & 176 & & & & 143 & & & & 648 & & & & 568 \\ \hline Gain (Loss) on equity securities & & (75 & ) & & & (41 & ) & & & (11 & ) & & & (175 & ) & & & 85 \\ \hline Gain (Loss) on sale and call of securities & & 1 & & & & — & & & & 93 & & & & 194 & & & & 1,441 \\ \hline SBIC income & & 38 & & & & 136 & & & & 207 & & & & 654 & & & & 775 \\ \hline Other income (loss) & & 214 & & & & (14 & ) & & & 5 & & & & 271 & & & & 126 \\ \hline Total Noninterest Income & & 5,672 & & & & 5,643 & & & & 6,193 & & & & 24,493 & & & & 23,167 \\ \hline OPERATING EXPENSES & & & & & & & & & \\ \hline Personnel expenses & & 8,362 & & & & 7,956 & & & & 8,089 & & & & 32,449 & & & & 31,160 \\ \hline Occupancy and equipment expenses & & 1,424 & & & & 1,412 & & & & 1,367 & & & & 5,443 & & & & 5,106 \\ \hline Technology expenses & & 667 & & & & 734 & & & & 680 & & & & 2,810 & & & & 2,542 \\ \hline Advertising & & 230 & & & & 282 & & & & 216 & & & & 921 & & & & 933 \\ \hline Other business development expenses & & 280 & & & & 283 & & & & 238 & & & & 1,169 & & & & 1,020 \\ \hline Data processing expense & & 537 & & & & 528 & & & & 493 & & & & 1,982 & & & & 1,905 \\ \hline Other taxes & & 498 & & & & 527 & & & & 425 & & & & 2,082 & & & & 1,733 \\ \hline Loan and deposit expenses & & 243 & & & & 325 & & & & 244 & & & & 1,016 & & & & 1,052 \\ \hline Legal and professional expenses & & 493 & & & & 453 & & & & 554 & & & & 1,683 & & & & 2,141 \\ \hline Regulatory assessment expenses & & 268 & & & & 251 & & & & 201 & & & & 933 & & & & 538 \\ \hline Other operating expenses & & 1,014 & & & & 933 & & & & 829 & & & & 3,767 & & & & 3,276 \\ \hline Total Operating Expenses & & 14,016 & & & & 13,684 & & & & 13,336 & & & & 54,255 & & & & 51,406 \\ \hline Income Before Income Tax Expense & & 10,281 & & & & 9,918 & & & & 8,843 & & & & 40,060 & & & & 34,468 \\ \hline Income tax expense & & 1,771 & & & & 1,780 & & & & 1,582 & & & & 7,108 & & & & 6,323 \\ \hline Net Income & & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,654,711 & & & $ & 17,415 & & 4.13 & % & & $ & 1,619,019 & & & $ & 16,993 & & 4.11 & % & & $ & 1,635,103 & & & $ & 18,605 & & 4.47 & % \\ \hline Securities - taxable & & 423,724 & & & & 1,347 & & 1.27 & % & & & 340,045 & & & & 1,181 & & 1.39 & % & & & 303,689 & & & & 873 & & 1.15 & % \\ \hline Securities - tax-exempt & & 210,263 & & & & 1,065 & & 2.03 & % & & & 203,046 & & & & 1,039 & & 2.05 & % & & & 169,621 & & & & 961 & & 2.27 & % \\ \hline Federal funds sold & & 55,342 & & & & 21 & & 0.15 & % & & & 52,589 & & & & 20 & & 0.15 & % & & & 80,175 & & & & 28 & & 0.14 & % \\ \hline Interest-bearing balances due from banks & & 645,627 & & & & 226 & & 0.14 & % & & & 579,698 & & & & 202 & & 0.14 & % & & & 239,953 & & & & 58 & & 0.09 & % \\ \hline Nonmarketable equity securities & & 3,449 & & & & 1 & & 0.10 & % & & & 3,448 & & & & 7 & & 0.81 & % & & & 3,446 & & & & 1 & & 0.13 & % \\ \hline Total interest-earning assets & & 2,993,116 & & & $ & 20,075 & & 2.64 & % & & & 2,797,845 & & & $ & 19,442 & & 2.73 & % & & & 2,431,987 & & & $ & 20,526 & & 3.32 & % \\ \hline Allowance for loan losses & & (19,164 & ) & & & & & & & (19,343 & ) & & & & & & & (16,653 & ) & & & & \\ \hline Noninterest-earning assets & & 130,268 & & & & & & & & 135,697 & & & & & & & & 131,220 & & & & & \\ \hline Total assets & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Liabilities and Stockholders’ Equity \\ \hline Interest-bearing liabilities: \\ \hline Interest-bearing transaction deposits & $ & 1,310,430 & & & $ & 410 & & 0.12 & % & & $ & 1,210,605 & & & $ & 384 & & 0.13 & % & & $ & 983,992 & & & $ & 610 & & 0.25 & % \\ \hline Time deposits & & 341,445 & & & & 890 & & 1.03 & % & & & 342,872 & & & & 949 & & 1.10 & % & & & 333,575 & & & & 1,255 & & 1.50 & % \\ \hline Total interest-bearing deposits & & 1,651,875 & & & & 1,300 & & 0.31 & % & & & 1,553,477 & & & & 1,333 & & 0.34 & % & & & 1,317,567 & & & & 1,865 & & 0.56 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & — & & & & — & & — & % & & & — & & & & — & & — & % \\ \hline Total interest-bearing liabilities & & 1,651,875 & & & $ & 1,300 & & 0.31 & % & & & 1,553,477 & & & $ & 1,333 & & 0.34 & % & & & 1,317,567 & & & $ & 1,865 & & 0.56 & % \\ \hline Noninterest-bearing liabilities: \\ \hline Noninterest-bearing deposits & & 1,136,342 & & & & & & & & 1,046,139 & & & & & & & & 927,123 & & & & & \\ \hline Accrued interest and other liabilities & & 18,050 & & & & & & & & 16,570 & & & & & & & & 19,468 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,154,392 & & & & & & & & 1,062,709 & & & & & & & & 946,591 & & & & & \\ \hline Stockholders’ equity & & 297,953 & & & & & & & & 298,013 & & & & & & & & 282,396 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Net interest income & & $ & 18,775 & & & & & & $ & 18,109 & & & & & & $ & 18,661 & & \\ \hline Net interest spread & & & & 2.33 & % & & & & & & 2.39 & % & & & & & & 2.76 & % \\ \hline Net interest margin & & & & 2.46 & % & & & & & & 2.54 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & 2.52 & % & & & & & & 2.60 & % & & & & & & 3.08 & % \\ \hline Cost of deposits & & & & 0.18 & % & & & & & & 0.20 & % & & & & & & 0.33 & % \\ \hline Cost of funds & & & & 0.17 & % & & & & & & 0.19 & % & & & & & & 0.31 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020. \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,654,711 & & $ & 17,415 & & & 4.13 & % & & $ & 1,619,019 & & $ & 16,993 & & & 4.11 & % & & $ & 1,635,103 & & $ & 18,605 & & & 4.47 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & & & & \\ \hline Average & & 29,191 & & & & & & & 63,205 & & & & & & & 161,109 & & & & \\ \hline Interest & & & & 76 & & & & & & & & 166 & & & & & & & & 419 & & & \\ \hline Fees & & & & 1,136 & & & & & & & & 1,201 & & & & & & & & 2,604 & & & \\ \hline Total PPP loans, net & & 29,191 & & & 1,212 & & & 16.46 & % & & & 63,205 & & & 1,367 & & & 8.57 & % & & & 161,109 & & & 3,023 & & & 7.45 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,625,520 & & $ & 16,203 & & & 3.90 & % & & $ & 1,555,814 & & $ & 15,626 & & & 3.93 & % & & $ & 1,473,994 & & $ & 15,582 & & & 4.14 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 18,775 & & & & & & & $ & 18,109 & & & & & & & $ & 18,661 & & & \\ \hline PPP loan income & & & & (1,212 & ) & & & & & & & (1,367 & ) & & & & & & & (3,023 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 17,563 & & & & & & & $ & 16,742 & & & & & & & $ & 15,638 & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & & & & \\ \hline Net interest spread & & 2.19 & % & & & & & & 2.26 & % & & & & & & 2.47 & % \\ \hline Net interest margin & & 2.33 & % & & & & & & 2.40 & % & & & & & & 2.70 & % \\ \hline Net interest margin FTE(3) & & 2.38 & % & & & & & & 2.46 & % & & & & & & 2.77 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,621,606 & & & $ & 67,923 & & 4.14 & % & & $ & 1,587,351 & & & $ & 69,228 & & 4.30 & % \\ \hline Securities - taxable & & 344,913 & & & & 4,493 & & 1.30 & % & & & 287,591 & & & & 4,598 & & 1.60 & % \\ \hline Securities - tax-exempt & & 202,255 & & & & 4,167 & & 2.06 & % & & & 128,416 & & & & 3,003 & & 2.34 & % \\ \hline Federal funds sold & & 66,934 & & & & 88 & & 0.13 & % & & & 67,328 & & & & 207 & & 0.30 & % \\ \hline Interest-bearing balances due from banks & & 552,501 & & & & 658 & & 0.12 & % & & & 129,090 & & & & 322 & & 0.25 & % \\ \hline Nonmarketable equity securities & & 3,448 & & & & 10 & & 0.28 & % & & & 2,842 & & & & 20 & & 0.71 & % \\ \hline Total interest-earning assets & & 2,791,657 & & & $ & 77,339 & & 2.74 & % & & & 2,202,618 & & & $ & 77,378 & & 3.47 & % \\ \hline Allowance for loan losses & & (19,155 & ) & & & & & & & (15,192 & ) & & & & \\ \hline Noninterest-earning assets & & 132,611 & & & & & & & & 125,028 & & & & & \\ \hline Total assets & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Liabilities and Stockholders’ Equity & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & \\ \hline Interest-bearing transaction deposits & $ & 1,210,796 & & & $ & 1,648 & & 0.14 & % & & $ & 877,836 & & & $ & 2,824 & & 0.32 & % \\ \hline Time deposits & & 341,746 & & & & 3,969 & & 1.16 & % & & & 333,260 & & & & 5,538 & & 1.66 & % \\ \hline Total interest-bearing deposits & & 1,552,542 & & & & 5,617 & & 0.36 & % & & & 1,211,096 & & & & 8,362 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & 4,664 & & & & 16 & & 0.35 & % \\ \hline Total interest-bearing liabilities & & 1,552,542 & & & $ & 5,617 & & 0.36 & % & & & 1,215,760 & & & $ & 8,378 & & 0.69 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & \\ \hline Noninterest-bearing deposits & & 1,041,238 & & & & & & & & 807,528 & & & & & \\ \hline Accrued interest and other liabilities & & 17,507 & & & & & & & & 18,192 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,058,745 & & & & & & & & 825,720 & & & & & \\ \hline Stockholders’ equity & & 293,826 & & & & & & & & 270,974 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Net interest income & & & $ & 71,722 & & & & & & $ & 69,000 & & \\ \hline Net interest spread & & & & & 2.38 & % & & & & & & 2.78 & % \\ \hline Net interest margin & & & & & 2.54 & % & & & & & & 3.09 & % \\ \hline Net interest margin FTE(3) & & & & & 2.60 & % & & & & & & 3.14 & % \\ \hline Cost of deposits & & & & & 0.22 & % & & & & & & 0.41 & % \\ \hline Cost of funds & & & & & 0.20 & % & & & & & & 0.38 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the year ended December 31, 2021 and 2020. \\ \hline & \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,621,606 & & $ & 67,923 & & & 4.14 & % & & $ & 1,587,351 & & $ & 69,228 & & & 4.30 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & \\ \hline Average & & 77,222 & & & & & & & 127,410 & & & & \\ \hline Interest & & & & 809 & & & & & & & & 1,351 & & & \\ \hline Fees & & & & 4,964 & & & & & & & & 4,211 & & & \\ \hline Total PPP loans, net & & 77,222 & & & 5,773 & & & 7.46 & % & & & 127,410 & & & 5,562 & & & 4.35 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,544,384 & & $ & 62,150 & & & 3.97 & % & & $ & 1,459,941 & & $ & 63,666 & & & 4.29 & % \\ \hline & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 71,722 & & & & & & & $ & 69,000 & & & \\ \hline PPP loan income & & & & (5,773 & ) & & & & & & & (5,562 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 65,949 & & & & & & & $ & 63,438 & & & \\ \hline & & & & & & & & & & & \\ \hline & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & \\ \hline Net interest spread & & & & & 2.25 & % & & & & & & 2.72 & % \\ \hline Net interest margin & & & & & 2.40 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & & 2.46 & % & & & & & & 3.07 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) \\ \hline \\ \hline (dollars in thousands, except per share data) & December 31,2021 & & September 30,2021 & & December 31,2020 \\ \hline Tangible common equity & & & & & \\ \hline Total stockholders' equity & $ & 298,150 & & & $ & 298,688 & & & $ & 285,478 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible common equity (non-GAAP) & $ & 296,604 & & & $ & 297,142 & & & $ & 283,932 & \\ \hline Common shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & \\ \hline Book value per common share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & \\ \hline Tangible book value per common share (non-GAAP) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & \\ \hline & & & & & \\ \hline Tangible assets & & & & & \\ \hline Total assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible assets (non-GAAP) & $ & 3,223,164 & & & $ & 3,019,238 & & & $ & 2,641,088 & \\ \hline Total stockholders' equity to assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (non-GAAP) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % \\ \hline & & & & & \\ \hline Non-PPP loans HFI & & & & & \\ \hline Loans HFI & $ & 1,683,832 & & & $ & 1,622,593 & & & $ & 1,588,446 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Non-PPP loans HFI (non-GAAP) & $ & 1,666,282 & & & $ & 1,576,631 & & & $ & 1,469,999 & \\ \hline & & & & & \\ \hline Assets excluding PPP loans, net & & & & & \\ \hline Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Assets excluding PPP loans, net (non-GAAP) & $ & 3,207,160 & & & $ & 2,974,822 & & & $ & 2,524,187 & \\ \hline & & & & & \\ \hline Allowance for loan losses & $ & 19,176 & & & $ & 19,168 & & & $ & 17,951 & \\ \hline Deposits & $ & 2,910,348 & & & $ & 2,704,583 & & & $ & 2,340,360 & \\ \hline & & & & & \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % \\ \hline Non-PPP loans HFI to deposits ratio (non-GAAP) & & 57.25 & % & & & 58.29 & % & & & 62.81 & % \\ \hline & & & & & \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % \\ \hline Allowance for loan losses to non-PPP loans HFI (non-GAAP) & & 1.15 & % & & & 1.22 & % & & & 1.22 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc0NCM0Njk3NjU1IzUwMDA4MDU0MQ==) [Image](https://ml.globenewswire.com/media/MjhkMTg2ZDItZWMzOS00OTYwLWJhNjAtMTBlOWY4ZGI5NTgxLTUwMDA4MDU0MQ==/tiny/Red-River-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cba984bb-ea6e-474b-8770-ae98472d150d) Source: Red River Bancshares, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Consumer Sector Update for 01/28/2022: COLM, OLPX, VFC
Article: Consumer stocks were trending higher in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) gaining 0.2%, paring most of its morning slide, while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7%. In company news, Columbia Sportswear ([COLM](https://www.nasdaq.com/market-activity/stocks/COLM))) rose 2.1% after Seaport Global Friday raised its investment call for the company to buy from neutral and setting a $120 price target. Olaplex ([OLPX](https://www.nasdaq.com/market-activity/stocks/OLPX))) rose 2.3% after Arcaea said Olaplex made an unspecified investment in the cosmetics startup late last year as part of a new partnership working to develop new haircare products. VF ([VFC](https://www.nasdaq.com/market-activity/stocks/VFC))) tumbled 5.5% after the branded apparel company cut its FY22 revenue outlook, now expecting around $11.85 billion in sales for the 12 months through December, down from its prior forecast looking for $12 billion in sales this year. The Street is at $11.95 billion, according to Capital IQ.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2021 Financial Results
Article: ALEXANDRIA, La., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2021. Net income for the fourth quarter of 2021 was $8.5 million, or $1.17 per diluted common share ("EPS"), an increase of $372,000, or 4.6%, compared to $8.1 million, or $1.12 EPS, for the third quarter of 2021, and an increase of $1.2 million, or 17.2%, compared to $7.3 million, or $0.99 EPS, for the fourth quarter of 2020. For the fourth quarter of 2021, the quarterly return on assets was 1.09% and the quarterly return on equity was 11.33%. Net income for the year ended December 31, 2021, was $33.0 million, or $4.51 EPS, an increase of $4.8 million, or 17.1%, compared to $28.1 million, or $3.83 EPS, for the year ended December 31, 2020. For the year ended December 31, 2021, the return on assets was 1.13% and the return on equity was 11.21%. **Fourth Quarter and Year-End 2021 Performance and Operational Highlights** In the fourth quarter of 2021, the Company had robust deposit and asset growth, solid earnings, and a continued high level of liquidity. The Company began providing banking services in New Orleans, Louisiana, our newest market, through a combined loan and deposit production office ("LPO/DPO"). The Company also finalized a large private stock repurchase that completed the stock repurchase program announced on August 31, 2021. The fourth quarter of 2021 began with a declining trend of COVID-19 cases and hospitalizations in the Louisiana markets served by Red River Bank. However, as a result of the emergence of the Omicron variant in December 2021, the number of cases and hospitalizations increased toward the end of the quarter. Economic activity in Louisiana remained relatively stable, although the economy is still impacted by supply chain disruptions and labor shortages. - Net income for the fourth quarter of 2021 was $8.5 million, $372,000 higher than the prior quarter, primarily due to higher net interest income, partially offset by higher personnel expenses. - Assets increased $203.9 million in the fourth quarter of 2021 to $3.22 billion as of December 31, 2021, primarily driven by a $205.8 million increase in deposits. The deposit growth was largely the result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. - Net interest income for the fourth quarter of 2021 was $18.8 million, $666,000 higher than the prior quarter. This increase was primarily due to deploying funds into loans and securities. - Personnel expenses for the fourth quarter of 2021 were $8.4 million, $406,000 higher than the prior quarter. This increase was primarily due to adding new staff in connection with our expansion in new and existing markets. - There was $196,000 of nonrecurring gains on sales of properties in the fourth quarter of 2021. - Red River Bank is participating in the Small Business Administration ("SBA") Paycheck Protection Program ("PPP"). As of December 31, 2021, PPP loans were $17.6 million, net of $626,000 of deferred income, or 1.0% of loans held for investment ("HFI"). In the fourth quarter of 2021, forgiveness payments on PPP loans resulted in a $28.4 million decrease in PPP loans, net of deferred fees. PPP loan income for the fourth quarter of 2021 was $1.2 million, $155,000 lower than the prior quarter. PPP loan income for 2021 was $5.8 million, compared to $5.6 million for 2020. - As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021. The growth in non-PPP loans HFI was a result of new loans in New Orleans, our newest market, and increased loan activity in other markets. - Nonperforming assets ("NPA(s)") decreased $1.4 million in the fourth quarter and were $979,000, or 0.03% of assets as of December 31, 2021. As of December 31, 2021, the allowance for loan losses ("ALL") was $19.2 million, or 1.14% of loans HFI and 1.15%(1) of non-PPP loans HFI (non-GAAP). - We paid a quarterly cash dividend of $0.07 per common share. - In the third quarter of 2021, the board of directors renewed a stock repurchase program, authorizing the Company to purchase up to $5.0 million of outstanding shares of common stock between September 1, 2021 and August 31, 2022. In accordance with this stock repurchase program, in the fourth quarter of 2021 we entered into a privately-negotiated stock repurchase agreement and repurchased 96,245 shares of our common stock for $4.9 million. As a result of this transaction, the Company has purchased the full amount authorized by this stock repurchase program. - In the fourth quarter of 2021, as part of our continued Louisiana market expansion plan, we began operations in our newest market, New Orleans, Louisiana. We have hired a New Orleans market president and seven additional New Orleans bankers. On December 6, 2021, we opened an LPO/DPO in downtown New Orleans and began providing banking services in this new market. - In our Acadiana market, renovations have been completed on a new banking center location that we purchased in 2020. This location opened as the first Red River Bank full-service banking center in Lafayette, Louisiana on January 26, 2022. Red River Bank also has an LPO/DPO in the Acadiana market. Blake Chatelain, President and Chief Executive Officer, stated, "The fourth quarter of 2021 resulted in robust balance sheet growth, consistent performance, improved asset quality, continued execution of our organic growth plans, and a significant stock buyback transaction. "Deposits and assets increased significantly in the fourth quarter of 2021 due to customers maintaining higher deposit balances and the seasonal inflow of public entity funds. Loan growth faced headwinds with loan paydowns and payoffs; however, these challenges were offset by lending opportunities in our newer markets and our lenders' calling activity. This activity resulted in a 5.7% increase in non-PPP loans in the fourth quarter of 2021. "In December 2021, we opened an LPO/DPO in the New Orleans downtown business district, and our bankers are seeing steady activity already. In addition to a team of eight local bankers hired for the New Orleans market, we were pleased to add an additional, experienced commercial lender in our Northshore market. "In our Acadiana market, we were excited to have opened our first full-service banking center in Lafayette in January 2022. "As a result of having the stock buyback program, we were able to repurchase a large block of shares in a privately-negotiated transaction. This transaction utilized all of the funds in the existing stock repurchase program. We expect to execute a new stock repurchase program in the first quarter of 2022, subject to board approval and market conditions. "We are saddened by the loss of our longtime friend and founding director of the Company and the Bank, Barry Hines, who passed away in late December 2021. Barry made tremendous contributions to the Company and the Bank, and his wit, wisdom, counsel, and love of life will be greatly missed. "As we begin 2022, I want to recognize the Red River Bank team members who made 2021 a successful year. They worked tirelessly through many challenges to take care of our customers and to continue to build a strong, solid, community bank focused on building shareholder value. Also, on behalf of the Red River Bancshares, Inc. board of directors, I want to thank our shareholders for their loyalty, enthusiasm, and support over the years. We look forward to continued success in 2022 and beyond." **Net Interest Income and Net Interest Margin FTE** Net interest income increased and the net interest margin fully tax equivalent ("FTE") decreased for the fourth quarter of 2021 when compared to the prior quarter. These measures were both impacted by a continued high level of liquidity and the continued low interest rate environment. Net interest income for the fourth quarter of 2021 was $18.8 million, which was $666,000, or 3.7%, higher than the third quarter of 2021, due to a $633,000 increase in interest and dividend income and a $33,000 decrease in interest expense. The increase in interest and dividend income was primarily due to an increase in non-PPP loan income and an increase in securities income, partially offset by a decrease in PPP loan income. Non-PPP loan income increased $577,000 due to a $69.7 million increase in the average balance of non-PPP loans, partially offset by lower rates on new and renewed non-PPP loans. Securities income increased $192,000 due to a higher average balance of securities resulting from investing short-term liquid assets into securities, partially offset by the impact of lower yields compared to the prior quarter. PPP loan income decreased $155,000 due to a lower average balance of PPP loans outstanding and lower fees recognized to income on PPP loans. Interest expense decreased in the fourth quarter of 2021 as a result of our third quarter adjustment to rates, which impacted new and renewing time deposits, partially offset by an increase in the average balance of interest-bearing transaction deposits. The net interest margin FTE decreased eight basis points ("bp(s)") to 2.52% for the fourth quarter of 2021, compared to 2.60% for the prior quarter. Contributing to this decrease was an increase in the average balance of short-term liquid assets, an 11 bp decrease in the yield on securities, and a three bp decrease in the yield on non-PPP loans. Average short-term liquid assets were $701.0 million, which was $68.7 million, or 10.9%, higher than the prior quarter and 23.4% of average earning assets. In the fourth quarter of 2021, on a stand-alone basis, this level of liquidity had a 73 bp dilutive impact to the net interest margin FTE. The yield on securities decreased because we reallocated funds from short-term liquid assets yielding 0.14% into securities yielding 0.99%, which was a lower yield than the existing portfolio. The net interest margin FTE for the fourth quarter of 2021 benefited from an increase in PPP loan yield and a seven bp decrease in the rate on time deposits as a result of our third quarter adjustment to deposit rates, which impacted new and renewing time deposits. Average PPP loans outstanding, net of deferred income, for the fourth quarter of 2021 were $29.2 million, which was $34.0 million lower than the prior quarter. During the fourth quarter we received $29.6 million in SBA forgiveness and borrower repayments on PPP loans, compared to $37.7 million in the prior quarter. PPP loans have a 1.0% interest rate, and PPP loan origination fees are recorded to interest income over the loan term, or until the loans are forgiven by the SBA or repaid by the borrower. When PPP loan forgiveness payments or borrower payments are received in full, the remaining portion of origination fees are recorded to income. For the fourth quarter of 2021, PPP loan interest and fees totaled $1.2 million, resulting in a 16.46% yield, compared to $1.4 million in interest and fees and an 8.57% yield for the prior quarter. The decrease in PPP loan income was primarily due to a lower amount of PPP loans forgiven by the SBA in the fourth quarter of 2021 than in the third quarter. The increase in PPP loan yield was primarily due to forgiving loans with higher origination fee percentages in the fourth quarter of 2021 when compared to the prior quarter. As of December 31, 2021, deferred PPP fees were $626,000. Excluding PPP loan income, net interest income (non-GAAP) for the fourth quarter of 2021 was $17.6 million,(1) which was $821,000, or 4.9%, higher than the third quarter of 2021. Also, with PPP loans excluded for the fourth quarter of 2021, the yield on non-PPP loans (non-GAAP) was 3.90%,(1) and the net interest margin FTE (non-GAAP) was 2.38%(1). For the fourth quarter of 2021, PPP loans had a 23 bp accretive impact to the yield on loans and a 14 bp accretive impact to the net interest margin FTE. The Federal Open Market Committee is expected to raise the target federal funds rate several times in 2022. Our balance sheet is asset sensitive, and historically, our deposit interest rates have adjusted more slowly than the change in the federal funds rate. As of December 31, 2021, floating rate loans were 15.0% of loans HFI, and floating rate transaction deposits were 4.4% of interest-bearing transaction deposits. Dependent upon balance sheet activity and excluding PPP loans, we expect an increasing rate environment to have a positive effect on our net interest income and net interest margin FTE in 2022. **Provision for Loan Losses** The provision for loan losses for the fourth quarter of 2021 was $150,000, which was consistent with the prior quarter provision. The economic activity in Louisiana remained relatively consistent, and our asset quality metrics improved in both quarters. Provision expense was $1.9 million for 2021, compared to $6.3 million for 2020. The provision for loan losses was higher in 2020 due to economic pressures relating to the COVID-19 pandemic. **Noninterest Income** Noninterest income totaled $5.7 million for the fourth quarter of 2021, an increase of $29,000, or 0.5%, compared to $5.6 million for the previous quarter. The increase was mainly due to gains on sales of properties, partially offset by lower mortgage loan income and reduced income from a Small Business Investment Company ("SBIC") limited partnership of which Red River Bank is a member. Other income for the fourth quarter of 2021 was $214,000, compared to a net loss of $14,000 for the third quarter of 2021. In the fourth quarter of 2021, other real estate owned ("OREO") properties and a bank property were sold, resulting in a nonrecurring $196,000 net gain on sale. In the third quarter of 2021, a $34,000 valuation reduction was recorded on an OREO property. Mortgage loan income totaled $1.7 million for the fourth quarter of 2021, a decrease of $103,000, or 5.8%, compared to $1.8 million for the third quarter of 2021. This decrease was primarily the result of seasonal, reduced mortgage loan demand. SBIC income for the fourth quarter of 2021 was $38,000, a decrease of $98,000, or 72.1%, from the prior quarter due to lower operating income being distributed by the SBIC. **Operating Expenses** Operating expenses for the fourth quarter of 2021 totaled $14.0 million, an increase of $332,000, or 2.4%, compared to $13.7 million for the previous quarter. This increase was mainly due to higher personnel expenses, partially offset by lower loan and deposit expenses and lower technology expenses. Personnel expenses totaled $8.4 million for the fourth quarter of 2021, up $406,000, or 5.1%, from the third quarter of 2021. This increase was due to adding new staff in expansion markets in the fourth quarter of 2021, combined with a lower COVID-19 payroll benefit resulting from the expiration of employer credits under the Families First Coronavirus Response Act on September 30, 2021. Loan and deposit expenses totaled $243,000 for the fourth quarter of 2021, a decrease of $82,000, or 25.2%, from the previous quarter. This decrease was a result of the transition to a new appraisal tracking system in the second quarter of 2021, which temporarily increased loan expenses in the third quarter of 2021. The new, digital appraisal system has improved the efficiency of our appraisal process. Technology expenses totaled $667,000 for the fourth quarter of 2021, a decrease of $67,000, or 9.1%, from the previous quarter. This decrease was due to $35,000 of nonrecurring expenses in the third quarter of 2021 related to opening a new banking center in Lake Charles, as well as lower communication expenses in the fourth quarter of 2021 resulting from a more favorable contract with a communications service provider. **Asset Overview** As of December 31, 2021, assets totaled $3.22 billion, which was $203.9 million, or 6.8%, higher than $3.02 billion as of September 30, 2021. This increase was primarily due to a $205.8 million increase in deposits in the fourth quarter. Loans HFI increased $61.2 million, or 3.8%, in the fourth quarter of 2021. Because deposit growth exceeded loan growth, excess funds were deployed into securities and interest-bearing deposits in other banks. Securities available-for-sale increased $91.0 million to $659.2 million and were 21.1% of earning assets as of December 31, 2021. Interest-bearing deposits in other banks increased $67.8 million to $761.7 million and were 24.4% of earning assets as of December 31, 2021. The loans HFI to deposits ratio was 57.86% as of December 31, 2021, compared to 59.99% as of September 30, 2021. Assets excluding PPP loans, net of deferred income (non-GAAP) as of December 31, 2021, totaled $3.21 billion,(1) an increase of $232.3 million, or 7.8%, from $2.97 billion(1) as of September 30, 2021. The non-PPP loans HFI to deposits ratio (non-GAAP) was 57.25%(1) as of December 31, 2021, compared to 58.29%(1) as of September 30, 2021. **Loans** Loans HFI as of December 31, 2021, were $1.68 billion, an increase of $61.2 million, or 3.8%, from September 30, 2021. As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021, due to new loan activity in New Orleans, our newest market, and increased activity in other markets. Red River Bank began participating in the SBA PPP in the second quarter of 2020. Through December 31, 2021, we had received $198.6 million in SBA forgiveness and borrower payments on 99.9% of the PPP First Draw loans originated and $40.6 million in SBA forgiveness and borrower payments on 78.7% of the PPP Second Draw loans originated. As of December 31, 2021, PPP loans totaled $17.6 million, net of $626,000 of deferred income, and were 1.0% of loans HFI. Our health care loans are made up of a diversified portfolio of health care providers. As of December 31, 2021, total health care credits were 8.3% of non-PPP loans HFI (non-GAAP), nursing and residential care loans were 3.6% of non-PPP loans HFI (non-GAAP), and loans to physician and dental practices were 4.6% of non-PPP loans HFI (non-GAAP). The average loan size of health care credits was $295,000. On March 5, 2021, it was announced that certain U.S. Dollar London Interbank Offered Rate ("LIBOR") rates would cease to be published after June 30, 2023. As of December 31, 2021, 3.6% of our non-PPP loans HFI (non-GAAP) were LIBOR-based with a setting that expires June 30, 2023. Alternative rate language is present in each credit agreement with a LIBOR-based rate. We do not anticipate any issues with transitioning each loan to a non-LIBOR-based rate. **Asset Quality and Allowance for Loan Losses** NPAs totaled $979,000 as of December 31, 2021, down $1.4 million, or 59.7%, from September 30, 2021, primarily due to the payoff and charge-off of nonaccrual loans. The ratio of NPAs to total assets improved to 0.03% as of December 31, 2021, from 0.08% as of September 30, 2021. As of December 31, 2021, the ALL was $19.2 million. The ratio of ALL to loans HFI was 1.14% as of December 31, 2021, and 1.18% as of September 30, 2021. The ratio of ALL to non-PPP loans HFI (non-GAAP) was 1.15%(1) as of December 31, 2021, and 1.22%(1) as of September 30, 2021. The net charge-off ratio was 0.01% for the fourth quarter of 2021 and 0.03% for the third quarter of 2021. **Deposits** Deposits as of December 31, 2021, were $2.91 billion, an increase of $205.8 million, or 7.6%, compared to September 30, 2021. Average deposits for the fourth quarter of 2021 were $2.79 billion, an increase of $188.6 million, or 7.3%, from the prior quarter. This increase was primarily a result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. Noninterest-bearing deposits totaled $1.15 billion as of December 31, 2021, up $6.0 million, or 0.5%, from September 30, 2021. As of December 31, 2021, noninterest-bearing deposits were 39.50% of total deposits. Interest-bearing deposits totaled $1.76 billion as of December 31, 2021, up $199.8 million, or 12.8%, compared to September 30, 2021. **Stockholders’ Equity** Total stockholders’ equity decreased to $298.2 million as of December 31, 2021, from $298.7 million as of September 30, 2021. The $538,000 decrease in stockholders’ equity during the fourth quarter of 2021 was attributed to the repurchase of 96,245 shares of our common stock for $4.9 million, a $3.7 million, net of tax, market adjustment to accumulated other comprehensive income related to securities available-for-sale, and $502,000 in cash dividends, partially offset by $8.5 million of net income, and $63,000 of stock compensation. We paid a quarterly cash dividend of $0.07 per share on December 16, 2021. **Non-GAAP Disclosure** Our accounting and reporting policies conform to United States generally accepted accounting principles ("GAAP") and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission's ("SEC") rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S. Management and the board of directors review tangible book value per share and tangible common equity to tangible assets, and PPP-adjusted metrics as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that are discussed may differ from that of other companies reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures. A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. **About Red River Bancshares, Inc.** The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 27 banking centers throughout Louisiana and two combined loan and deposit production offices, one each in Lafayette, Louisiana and New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; and Acadiana, which includes the Lafayette MSA. **Forward-Looking Statements** Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement. Contact:Isabel V. Carriere, CPA, CGMAExecutive Vice President and Chief Financial Officer318-561-4023 [[email protected]](https://www.globenewswire.com/Tracker?data=_qyhkaXlbi0Y7J8DsiMuhPVtx5kPQzocm60W8kJnTEpQQQVGnGWCultL9S6SbF-ew3tJjmnnVm7YnPzUd9MVdsUFR5VfZaGmQJdAEbsnEpUGwMtyK3erDC4Wo2Qr0bS-) (1) Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline FINANCIAL HIGHLIGHTS (UNAUDITED) \\ \hline \\ \hline & As of and for theThree Months Ended & & As of and for theYear Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & & September 30,2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline Net Income & $ & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 & \\ \hline & & & & & & & & & \\ \hline Per Common Share Data: & & & & & & & & & \\ \hline Earnings per share, basic & $ & 1.18 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.53 & & & $ & 3.84 & \\ \hline Earnings per share, diluted & $ & 1.17 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.51 & & & $ & 3.83 & \\ \hline Book value per share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & & & $ & 41.52 & & & $ & 38.97 & \\ \hline Tangible book value per share(1) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & & & $ & 41.31 & & & $ & 38.76 & \\ \hline Cash dividends per share & $ & 0.07 & & & $ & 0.07 & & & $ & 0.06 & & & $ & 0.28 & & & $ & 0.24 & \\ \hline Shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & & & & 7,180,155 & & & & 7,325,333 & \\ \hline Weighted average shares outstanding, basic & & 7,229,324 & & & & 7,278,192 & & & & 7,325,333 & & & & 7,281,136 & & & & 7,322,158 & \\ \hline Weighted average shares outstanding, diluted & & 7,247,277 & & & & 7,294,011 & & & & 7,343,859 & & & & 7,299,720 & & & & 7,345,045 & \\ \hline & & & & & & & & & \\ \hline Summary Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.09 & % & & & 1.11 & % & & & 1.13 & % & & & 1.13 & % & & & 1.22 & % \\ \hline Return on average equity & & 11.33 & % & & & 10.83 & % & & & 10.23 & % & & & 11.21 & % & & & 10.39 & % \\ \hline Net interest margin & & 2.46 & % & & & 2.54 & % & & & 3.01 & % & & & 2.54 & % & & & 3.09 & % \\ \hline Net interest margin FTE & & 2.52 & % & & & 2.60 & % & & & 3.08 & % & & & 2.60 & % & & & 3.14 & % \\ \hline Efficiency ratio & & 57.33 & % & & & 57.61 & % & & & 53.66 & % & & & 56.39 & % & & & 55.77 & % \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % & & & 57.86 & % & & & 67.87 & % \\ \hline Noninterest-bearing deposits to deposits ratio & & 39.50 & % & & & 42.29 & % & & & 40.32 & % & & & 39.50 & % & & & 40.32 & % \\ \hline Noninterest income to average assets & & 0.72 & % & & & 0.77 & % & & & 0.97 & % & & & 0.84 & % & & & 1.00 & % \\ \hline Operating expense to average assets & & 1.79 & % & & & 1.86 & % & & & 2.08 & % & & & 1.87 & % & & & 2.22 & % \\ \hline & & & & & & & & & \\ \hline Summary Credit Quality Ratios: & & & & & & & & & \\ \hline Nonperforming assets to total assets & & 0.03 & % & & & 0.08 & % & & & 0.16 & % & & & 0.03 & % & & & 0.16 & % \\ \hline Nonperforming loans to loans HFI & & 0.02 & % & & & 0.09 & % & & & 0.21 & % & & & 0.02 & % & & & 0.21 & % \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % & & & 1.14 & % & & & 1.13 & % \\ \hline Net charge-offs to average loans & & 0.01 & % & & & 0.03 & % & & & 0.06 & % & & & 0.04 & % & & & 0.14 & % \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Total stockholders' equity to total assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % & & & 9.25 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (1) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % & & & 9.20 & % & & & 10.75 & % \\ \hline Total risk-based capital to risk-weighted assets & & 17.83 & % & & & 18.74 & % & & & 18.68 & % & & & 17.83 & % & & & 18.68 & % \\ \hline Tier 1 risk-based capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Common equity Tier 1 capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Tier 1 risk-based capital to average assets & & 9.67 & % & & & 10.21 & % & & & 10.92 & % & & & 9.67 & % & & & 10.92 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED BALANCE SHEETS (UNAUDITED) \\ \hline \\ \hline (in thousands) & December 31, 2021 & & September 30,2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 23,143 & & & $ & 36,614 & & & $ & 33,728 & & & $ & 36,856 & & & $ & 29,537 & \\ \hline Interest-bearing deposits in other banks & & 761,721 & & & & 693,950 & & & & 633,744 & & & & 566,144 & & & & 417,664 & \\ \hline Securities available-for-sale & & 659,178 & & & & 568,199 & & & & 512,012 & & & & 515,942 & & & & 498,206 & \\ \hline Equity securities & & 7,846 & & & & 7,920 & & & & 3,961 & & & & 3,951 & & & & 4,021 & \\ \hline Nonmarketable equity securities & & 3,450 & & & & 3,449 & & & & 3,449 & & & & 3,447 & & & & 3,447 & \\ \hline Loans held for sale & & 4,290 & & & & 8,782 & & & & 12,291 & & & & 18,449 & & & & 29,116 & \\ \hline Loans held for investment & & 1,683,832 & & & & 1,622,593 & & & & 1,600,388 & & & & 1,602,086 & & & & 1,588,446 & \\ \hline Allowance for loan losses & & (19,176 & ) & & & (19,168 & ) & & & (19,460 & ) & & & (19,377 & ) & & & (17,951 & ) \\ \hline Premises and equipment, net & & 48,056 & & & & 47,432 & & & & 47,414 & & & & 46,950 & & & & 46,924 & \\ \hline Accrued interest receivable & & 6,245 & & & & 5,927 & & & & 6,039 & & & & 6,460 & & & & 6,880 & \\ \hline Bank-owned life insurance & & 28,061 & & & & 27,886 & & & & 27,710 & & & & 22,546 & & & & 22,413 & \\ \hline Intangible assets & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & \\ \hline Right-of-use assets & & 3,743 & & & & 3,847 & & & & 3,950 & & & & 4,053 & & & & 4,154 & \\ \hline Other assets & & 12,775 & & & & 11,807 & & & & 11,704 & & & & 11,619 & & & & 8,231 & \\ \hline Total Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & \\ \hline Noninterest-bearing deposits & $ & 1,149,672 & & & $ & 1,143,693 & & & $ & 1,031,486 & & & $ & 1,015,350 & & & $ & 943,615 & \\ \hline Interest-bearing deposits & & 1,760,676 & & & & 1,560,890 & & & & 1,538,113 & & & & 1,499,925 & & & & 1,396,745 & \\ \hline Total Deposits & & 2,910,348 & & & & 2,704,583 & & & & 2,569,599 & & & & 2,515,275 & & & & 2,340,360 & \\ \hline Accrued interest payable & & 1,310 & & & & 1,340 & & & & 1,432 & & & & 1,699 & & & & 1,774 & \\ \hline Lease liabilities & & 3,842 & & & & 3,943 & & & & 4,042 & & & & 4,138 & & & & 4,233 & \\ \hline Accrued expenses and other liabilities & & 11,060 & & & & 12,230 & & & & 10,479 & & & & 14,649 & & & & 10,789 & \\ \hline Total Liabilities & & 2,926,560 & & & & 2,722,096 & & & & 2,585,552 & & & & 2,535,761 & & & & 2,357,156 & \\ \hline COMMITMENTS AND CONTINGENCIES & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline STOCKHOLDERS' EQUITY & & & & & & & & & \\ \hline Preferred stock, no par value & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Common stock, no par value & & 60,233 & & & & 65,130 & & & & 65,934 & & & & 67,093 & & & & 68,055 & \\ \hline Additional paid-in capital & & 1,814 & & & & 1,751 & & & & 1,692 & & & & 1,638 & & & & 1,545 & \\ \hline Retained earnings & & 239,876 & & & & 231,868 & & & & 224,240 & & & & 216,511 & & & & 208,957 & \\ \hline Accumulated other comprehensive income (loss) & & (3,773 & ) & & & (61 & ) & & & 1,058 & & & & (331 & ) & & & 6,921 & \\ \hline Total Stockholders' Equity & & 298,150 & & & & 298,688 & & & & 292,924 & & & & 284,911 & & & & 285,478 & \\ \hline Total Liabilities and Stockholders' Equity & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) \\ \hline & & & & & & & & & \\ \hline & For the Three Months Ended & & For the Year Ended \\ \hline (in thousands) & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & & \\ \hline Interest and fees on loans & $ & 17,415 & & & $ & 16,993 & & & $ & 18,605 & & & $ & 67,923 & & & $ & 69,228 \\ \hline Interest on securities & & 2,412 & & & & 2,220 & & & & 1,834 & & & & 8,660 & & & & 7,601 \\ \hline Interest on federal funds sold & & 21 & & & & 20 & & & & 28 & & & & 88 & & & & 207 \\ \hline Interest on deposits in other banks & & 226 & & & & 202 & & & & 58 & & & & 658 & & & & 322 \\ \hline Dividends on stock & & 1 & & & & 7 & & & & 1 & & & & 10 & & & & 20 \\ \hline Total Interest and Dividend Income & & 20,075 & & & & 19,442 & & & & 20,526 & & & & 77,339 & & & & 77,378 \\ \hline INTEREST EXPENSE & & & & & & & & & \\ \hline Interest on deposits & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,362 \\ \hline Interest on other borrowed funds & & — & & & & — & & & & — & & & & — & & & & 16 \\ \hline Total Interest Expense & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,378 \\ \hline Net Interest Income & & 18,775 & & & & 18,109 & & & & 18,661 & & & & 71,722 & & & & 69,000 \\ \hline Provision for loan losses & & 150 & & & & 150 & & & & 2,675 & & & & 1,900 & & & & 6,293 \\ \hline Net Interest Income After Provision for Loan Losses & & 18,625 & & & & 17,959 & & & & 15,986 & & & & 69,822 & & & & 62,707 \\ \hline NONINTEREST INCOME & & & & & & & & & \\ \hline Service charges on deposit accounts & & 1,318 & & & & 1,258 & & & & 1,107 & & & & 4,775 & & & & 4,108 \\ \hline Debit card income, net & & 1,071 & & & & 1,094 & & & & 1,011 & & & & 4,415 & & & & 3,641 \\ \hline Mortgage loan income & & 1,667 & & & & 1,770 & & & & 2,679 & & & & 8,676 & & & & 8,398 \\ \hline Brokerage income & & 806 & & & & 851 & & & & 598 & & & & 3,297 & & & & 2,324 \\ \hline Loan and deposit income & & 457 & & & & 413 & & & & 361 & & & & 1,738 & & & & 1,701 \\ \hline Bank-owned life insurance income & & 175 & & & & 176 & & & & 143 & & & & 648 & & & & 568 \\ \hline Gain (Loss) on equity securities & & (75 & ) & & & (41 & ) & & & (11 & ) & & & (175 & ) & & & 85 \\ \hline Gain (Loss) on sale and call of securities & & 1 & & & & — & & & & 93 & & & & 194 & & & & 1,441 \\ \hline SBIC income & & 38 & & & & 136 & & & & 207 & & & & 654 & & & & 775 \\ \hline Other income (loss) & & 214 & & & & (14 & ) & & & 5 & & & & 271 & & & & 126 \\ \hline Total Noninterest Income & & 5,672 & & & & 5,643 & & & & 6,193 & & & & 24,493 & & & & 23,167 \\ \hline OPERATING EXPENSES & & & & & & & & & \\ \hline Personnel expenses & & 8,362 & & & & 7,956 & & & & 8,089 & & & & 32,449 & & & & 31,160 \\ \hline Occupancy and equipment expenses & & 1,424 & & & & 1,412 & & & & 1,367 & & & & 5,443 & & & & 5,106 \\ \hline Technology expenses & & 667 & & & & 734 & & & & 680 & & & & 2,810 & & & & 2,542 \\ \hline Advertising & & 230 & & & & 282 & & & & 216 & & & & 921 & & & & 933 \\ \hline Other business development expenses & & 280 & & & & 283 & & & & 238 & & & & 1,169 & & & & 1,020 \\ \hline Data processing expense & & 537 & & & & 528 & & & & 493 & & & & 1,982 & & & & 1,905 \\ \hline Other taxes & & 498 & & & & 527 & & & & 425 & & & & 2,082 & & & & 1,733 \\ \hline Loan and deposit expenses & & 243 & & & & 325 & & & & 244 & & & & 1,016 & & & & 1,052 \\ \hline Legal and professional expenses & & 493 & & & & 453 & & & & 554 & & & & 1,683 & & & & 2,141 \\ \hline Regulatory assessment expenses & & 268 & & & & 251 & & & & 201 & & & & 933 & & & & 538 \\ \hline Other operating expenses & & 1,014 & & & & 933 & & & & 829 & & & & 3,767 & & & & 3,276 \\ \hline Total Operating Expenses & & 14,016 & & & & 13,684 & & & & 13,336 & & & & 54,255 & & & & 51,406 \\ \hline Income Before Income Tax Expense & & 10,281 & & & & 9,918 & & & & 8,843 & & & & 40,060 & & & & 34,468 \\ \hline Income tax expense & & 1,771 & & & & 1,780 & & & & 1,582 & & & & 7,108 & & & & 6,323 \\ \hline Net Income & & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,654,711 & & & $ & 17,415 & & 4.13 & % & & $ & 1,619,019 & & & $ & 16,993 & & 4.11 & % & & $ & 1,635,103 & & & $ & 18,605 & & 4.47 & % \\ \hline Securities - taxable & & 423,724 & & & & 1,347 & & 1.27 & % & & & 340,045 & & & & 1,181 & & 1.39 & % & & & 303,689 & & & & 873 & & 1.15 & % \\ \hline Securities - tax-exempt & & 210,263 & & & & 1,065 & & 2.03 & % & & & 203,046 & & & & 1,039 & & 2.05 & % & & & 169,621 & & & & 961 & & 2.27 & % \\ \hline Federal funds sold & & 55,342 & & & & 21 & & 0.15 & % & & & 52,589 & & & & 20 & & 0.15 & % & & & 80,175 & & & & 28 & & 0.14 & % \\ \hline Interest-bearing balances due from banks & & 645,627 & & & & 226 & & 0.14 & % & & & 579,698 & & & & 202 & & 0.14 & % & & & 239,953 & & & & 58 & & 0.09 & % \\ \hline Nonmarketable equity securities & & 3,449 & & & & 1 & & 0.10 & % & & & 3,448 & & & & 7 & & 0.81 & % & & & 3,446 & & & & 1 & & 0.13 & % \\ \hline Total interest-earning assets & & 2,993,116 & & & $ & 20,075 & & 2.64 & % & & & 2,797,845 & & & $ & 19,442 & & 2.73 & % & & & 2,431,987 & & & $ & 20,526 & & 3.32 & % \\ \hline Allowance for loan losses & & (19,164 & ) & & & & & & & (19,343 & ) & & & & & & & (16,653 & ) & & & & \\ \hline Noninterest-earning assets & & 130,268 & & & & & & & & 135,697 & & & & & & & & 131,220 & & & & & \\ \hline Total assets & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Liabilities and Stockholders’ Equity \\ \hline Interest-bearing liabilities: \\ \hline Interest-bearing transaction deposits & $ & 1,310,430 & & & $ & 410 & & 0.12 & % & & $ & 1,210,605 & & & $ & 384 & & 0.13 & % & & $ & 983,992 & & & $ & 610 & & 0.25 & % \\ \hline Time deposits & & 341,445 & & & & 890 & & 1.03 & % & & & 342,872 & & & & 949 & & 1.10 & % & & & 333,575 & & & & 1,255 & & 1.50 & % \\ \hline Total interest-bearing deposits & & 1,651,875 & & & & 1,300 & & 0.31 & % & & & 1,553,477 & & & & 1,333 & & 0.34 & % & & & 1,317,567 & & & & 1,865 & & 0.56 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & — & & & & — & & — & % & & & — & & & & — & & — & % \\ \hline Total interest-bearing liabilities & & 1,651,875 & & & $ & 1,300 & & 0.31 & % & & & 1,553,477 & & & $ & 1,333 & & 0.34 & % & & & 1,317,567 & & & $ & 1,865 & & 0.56 & % \\ \hline Noninterest-bearing liabilities: \\ \hline Noninterest-bearing deposits & & 1,136,342 & & & & & & & & 1,046,139 & & & & & & & & 927,123 & & & & & \\ \hline Accrued interest and other liabilities & & 18,050 & & & & & & & & 16,570 & & & & & & & & 19,468 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,154,392 & & & & & & & & 1,062,709 & & & & & & & & 946,591 & & & & & \\ \hline Stockholders’ equity & & 297,953 & & & & & & & & 298,013 & & & & & & & & 282,396 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Net interest income & & $ & 18,775 & & & & & & $ & 18,109 & & & & & & $ & 18,661 & & \\ \hline Net interest spread & & & & 2.33 & % & & & & & & 2.39 & % & & & & & & 2.76 & % \\ \hline Net interest margin & & & & 2.46 & % & & & & & & 2.54 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & 2.52 & % & & & & & & 2.60 & % & & & & & & 3.08 & % \\ \hline Cost of deposits & & & & 0.18 & % & & & & & & 0.20 & % & & & & & & 0.33 & % \\ \hline Cost of funds & & & & 0.17 & % & & & & & & 0.19 & % & & & & & & 0.31 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020. \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,654,711 & & $ & 17,415 & & & 4.13 & % & & $ & 1,619,019 & & $ & 16,993 & & & 4.11 & % & & $ & 1,635,103 & & $ & 18,605 & & & 4.47 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & & & & \\ \hline Average & & 29,191 & & & & & & & 63,205 & & & & & & & 161,109 & & & & \\ \hline Interest & & & & 76 & & & & & & & & 166 & & & & & & & & 419 & & & \\ \hline Fees & & & & 1,136 & & & & & & & & 1,201 & & & & & & & & 2,604 & & & \\ \hline Total PPP loans, net & & 29,191 & & & 1,212 & & & 16.46 & % & & & 63,205 & & & 1,367 & & & 8.57 & % & & & 161,109 & & & 3,023 & & & 7.45 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,625,520 & & $ & 16,203 & & & 3.90 & % & & $ & 1,555,814 & & $ & 15,626 & & & 3.93 & % & & $ & 1,473,994 & & $ & 15,582 & & & 4.14 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 18,775 & & & & & & & $ & 18,109 & & & & & & & $ & 18,661 & & & \\ \hline PPP loan income & & & & (1,212 & ) & & & & & & & (1,367 & ) & & & & & & & (3,023 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 17,563 & & & & & & & $ & 16,742 & & & & & & & $ & 15,638 & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & & & & \\ \hline Net interest spread & & 2.19 & % & & & & & & 2.26 & % & & & & & & 2.47 & % \\ \hline Net interest margin & & 2.33 & % & & & & & & 2.40 & % & & & & & & 2.70 & % \\ \hline Net interest margin FTE(3) & & 2.38 & % & & & & & & 2.46 & % & & & & & & 2.77 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,621,606 & & & $ & 67,923 & & 4.14 & % & & $ & 1,587,351 & & & $ & 69,228 & & 4.30 & % \\ \hline Securities - taxable & & 344,913 & & & & 4,493 & & 1.30 & % & & & 287,591 & & & & 4,598 & & 1.60 & % \\ \hline Securities - tax-exempt & & 202,255 & & & & 4,167 & & 2.06 & % & & & 128,416 & & & & 3,003 & & 2.34 & % \\ \hline Federal funds sold & & 66,934 & & & & 88 & & 0.13 & % & & & 67,328 & & & & 207 & & 0.30 & % \\ \hline Interest-bearing balances due from banks & & 552,501 & & & & 658 & & 0.12 & % & & & 129,090 & & & & 322 & & 0.25 & % \\ \hline Nonmarketable equity securities & & 3,448 & & & & 10 & & 0.28 & % & & & 2,842 & & & & 20 & & 0.71 & % \\ \hline Total interest-earning assets & & 2,791,657 & & & $ & 77,339 & & 2.74 & % & & & 2,202,618 & & & $ & 77,378 & & 3.47 & % \\ \hline Allowance for loan losses & & (19,155 & ) & & & & & & & (15,192 & ) & & & & \\ \hline Noninterest-earning assets & & 132,611 & & & & & & & & 125,028 & & & & & \\ \hline Total assets & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Liabilities and Stockholders’ Equity & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & \\ \hline Interest-bearing transaction deposits & $ & 1,210,796 & & & $ & 1,648 & & 0.14 & % & & $ & 877,836 & & & $ & 2,824 & & 0.32 & % \\ \hline Time deposits & & 341,746 & & & & 3,969 & & 1.16 & % & & & 333,260 & & & & 5,538 & & 1.66 & % \\ \hline Total interest-bearing deposits & & 1,552,542 & & & & 5,617 & & 0.36 & % & & & 1,211,096 & & & & 8,362 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & 4,664 & & & & 16 & & 0.35 & % \\ \hline Total interest-bearing liabilities & & 1,552,542 & & & $ & 5,617 & & 0.36 & % & & & 1,215,760 & & & $ & 8,378 & & 0.69 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & \\ \hline Noninterest-bearing deposits & & 1,041,238 & & & & & & & & 807,528 & & & & & \\ \hline Accrued interest and other liabilities & & 17,507 & & & & & & & & 18,192 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,058,745 & & & & & & & & 825,720 & & & & & \\ \hline Stockholders’ equity & & 293,826 & & & & & & & & 270,974 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Net interest income & & & $ & 71,722 & & & & & & $ & 69,000 & & \\ \hline Net interest spread & & & & & 2.38 & % & & & & & & 2.78 & % \\ \hline Net interest margin & & & & & 2.54 & % & & & & & & 3.09 & % \\ \hline Net interest margin FTE(3) & & & & & 2.60 & % & & & & & & 3.14 & % \\ \hline Cost of deposits & & & & & 0.22 & % & & & & & & 0.41 & % \\ \hline Cost of funds & & & & & 0.20 & % & & & & & & 0.38 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the year ended December 31, 2021 and 2020. \\ \hline & \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,621,606 & & $ & 67,923 & & & 4.14 & % & & $ & 1,587,351 & & $ & 69,228 & & & 4.30 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & \\ \hline Average & & 77,222 & & & & & & & 127,410 & & & & \\ \hline Interest & & & & 809 & & & & & & & & 1,351 & & & \\ \hline Fees & & & & 4,964 & & & & & & & & 4,211 & & & \\ \hline Total PPP loans, net & & 77,222 & & & 5,773 & & & 7.46 & % & & & 127,410 & & & 5,562 & & & 4.35 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,544,384 & & $ & 62,150 & & & 3.97 & % & & $ & 1,459,941 & & $ & 63,666 & & & 4.29 & % \\ \hline & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 71,722 & & & & & & & $ & 69,000 & & & \\ \hline PPP loan income & & & & (5,773 & ) & & & & & & & (5,562 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 65,949 & & & & & & & $ & 63,438 & & & \\ \hline & & & & & & & & & & & \\ \hline & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & \\ \hline Net interest spread & & & & & 2.25 & % & & & & & & 2.72 & % \\ \hline Net interest margin & & & & & 2.40 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & & 2.46 & % & & & & & & 3.07 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) \\ \hline \\ \hline (dollars in thousands, except per share data) & December 31,2021 & & September 30,2021 & & December 31,2020 \\ \hline Tangible common equity & & & & & \\ \hline Total stockholders' equity & $ & 298,150 & & & $ & 298,688 & & & $ & 285,478 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible common equity (non-GAAP) & $ & 296,604 & & & $ & 297,142 & & & $ & 283,932 & \\ \hline Common shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & \\ \hline Book value per common share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & \\ \hline Tangible book value per common share (non-GAAP) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & \\ \hline & & & & & \\ \hline Tangible assets & & & & & \\ \hline Total assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible assets (non-GAAP) & $ & 3,223,164 & & & $ & 3,019,238 & & & $ & 2,641,088 & \\ \hline Total stockholders' equity to assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (non-GAAP) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % \\ \hline & & & & & \\ \hline Non-PPP loans HFI & & & & & \\ \hline Loans HFI & $ & 1,683,832 & & & $ & 1,622,593 & & & $ & 1,588,446 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Non-PPP loans HFI (non-GAAP) & $ & 1,666,282 & & & $ & 1,576,631 & & & $ & 1,469,999 & \\ \hline & & & & & \\ \hline Assets excluding PPP loans, net & & & & & \\ \hline Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Assets excluding PPP loans, net (non-GAAP) & $ & 3,207,160 & & & $ & 2,974,822 & & & $ & 2,524,187 & \\ \hline & & & & & \\ \hline Allowance for loan losses & $ & 19,176 & & & $ & 19,168 & & & $ & 17,951 & \\ \hline Deposits & $ & 2,910,348 & & & $ & 2,704,583 & & & $ & 2,340,360 & \\ \hline & & & & & \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % \\ \hline Non-PPP loans HFI to deposits ratio (non-GAAP) & & 57.25 & % & & & 58.29 & % & & & 62.81 & % \\ \hline & & & & & \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % \\ \hline Allowance for loan losses to non-PPP loans HFI (non-GAAP) & & 1.15 & % & & & 1.22 & % & & & 1.22 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc0NCM0Njk3NjU1IzUwMDA4MDU0MQ==) [Image](https://ml.globenewswire.com/media/MjhkMTg2ZDItZWMzOS00OTYwLWJhNjAtMTBlOWY4ZGI5NTgxLTUwMDA4MDU0MQ==/tiny/Red-River-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cba984bb-ea6e-474b-8770-ae98472d150d) Source: Red River Bancshares, Inc.
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: What Kind Of Investors Own Most Of VAALCO Energy, Inc. (NYSE:EGY)?
Article: Every investor in VAALCO Energy, Inc. (NYSE:EGY) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.With a market capitalization of US$245m, VAALCO Energy is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about VAALCO Energy. [ownership-breakdown](https://images.simplywall.st/asset/chart/416628-ownership-breakdown-1-dark/1643368854798) NYSE:EGY Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About VAALCO Energy?**Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. VAALCO Energy already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of VAALCO Energy, (below). Of course, keep in mind that there are other factors to consider, too.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/416628-earnings-and-revenue-growth-1-dark/1643368858831) NYSE:EGY Earnings and Revenue Growth January 28th 2022Our data indicates that hedge funds own 5.4% of VAALCO Energy. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Tieton Capital Management, LLC is currently the largest shareholder, with 5.6% of shares outstanding. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 5.1% by the third-largest shareholder. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. **Insider Ownership Of VAALCO Energy** The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can see that insiders own shares in VAALCO Energy, Inc.. As individuals, the insiders collectively own US$14m worth of the US$245m company. This shows at least some alignment. You can [click here to see if those insiders have been buying or selling.](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** The general public, mostly comprising of individual investors, collectively holds 58% of VAALCO Energy shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. **Next Steps:**I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that [VAALCO Energy is showing 5 warning signs in our investment analysis ](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary), and 2 of those shouldn't be ignored... If you would prefer discover what analysts are predicting in terms of future growth, do not miss this **free** [report on analyst forecasts](https://simplywall.st/stocks/us/energy/nyse-egy/vaalco-energy?blueprint=1874859&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg1OToyMTQzMGFiZjk5MDE0OGVm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Symbol: SBSI
Security: Southside Bancshares, Inc.
Related Stocks/Topics: Unknown
Title: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline \end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [[email protected]](mailto:[email protected]). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & As of \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\ \hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\ \hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\ \hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\ \hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\ \hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\ \hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\ \hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\ \hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\ \hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\ \hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\ \hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\ \hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\ \hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\ \hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\ \hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\ \hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\ \hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\ \hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\ \hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\ \hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\ \hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\ \hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\ \hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\ \hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Income Statement: & & & & & & & & & \\ \hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\ \hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\ \hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\ \hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\ \hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\ \hline Noninterest income & & & & & & & & & \\ \hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\ \hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\ \hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\ \hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\ \hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\ \hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\ \hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\ \hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\ \hline Noninterest expense & & & & & & & & & \\ \hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\ \hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\ \hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\ \hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\ \hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\ \hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\ \hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\ \hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\ \hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\ \hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\ \hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\ \hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\ \hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\ \hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\ \hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\ \hline & & & & & & & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\ \hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\ \hline Earnings per common share & & & & & & & & & \\ \hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\ \hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\ \hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\ \hline & & & & & & & & & \\ \hline Selected Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\ \hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\ \hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\ \hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\ \hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\ \hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\ \hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\ \hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\ \hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\ \hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\ \hline & & & & & & & & & \\ \hline Asset Quality Ratios: & & & & & & & & & \\ \hline Ratio of nonaccruing loans to: & & & & & & & & & \\ \hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & & & & & & & \\ \hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & & & & & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Real Estate Loans: & & & & & & & & & \\ \hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\ \hline & & & & & & & & & \\ \hline Summary of Changes in Allowances: & & & & & & & & & \\ \hline Allowance for Loan Losses & & & & & & & & & \\ \hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\ \hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\ \hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\ \hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\ \hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\ \hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\ \hline & & & & & & & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\ \hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Income Statement: & & & \\ \hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\ \hline Total interest expense & & 26,430 & & & & 44,563 & \\ \hline Net interest income & & 189,557 & & & & 187,265 & \\ \hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\ \hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\ \hline Noninterest income & & & \\ \hline Deposit services & & 26,368 & & & & 24,359 & \\ \hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\ \hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\ \hline Trust fees & & 5,959 & & & & 5,133 & \\ \hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\ \hline Brokerage services & & 3,383 & & & & 2,271 & \\ \hline Other & & 5,505 & & & & 4,386 & \\ \hline Total noninterest income & & 49,336 & & & & 49,732 & \\ \hline Noninterest expense & & & \\ \hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\ \hline Net occupancy & & 14,239 & & & & 14,369 & \\ \hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\ \hline ATM expense & & 1,166 & & & & 1,018 & \\ \hline Professional fees & & 4,015 & & & & 4,224 & \\ \hline Software and data processing & & 5,675 & & & & 4,957 & \\ \hline Communications & & 2,233 & & & & 1,984 & \\ \hline FDIC insurance & & 1,807 & & & & 1,124 & \\ \hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\ \hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\ \hline Other & & 9,669 & & & & 12,642 & \\ \hline Total noninterest expense & & 125,030 & & & & 123,307 & \\ \hline Income before income tax expense & & 130,827 & & & & 93,489 & \\ \hline Income tax expense & & 17,426 & & & & 11,336 & \\ \hline Net income & $ & 113,401 & & & $ & 82,153 & \\ \hline & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\ \hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\ \hline Earnings per common share & & & \\ \hline Basic & $ & 3.48 & & & $ & 2.47 & \\ \hline Diluted & & 3.47 & & & & 2.47 & \\ \hline Book value per common share & & 28.20 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\ \hline & & & \\ \hline Selected Performance Ratios: & & & \\ \hline Return on average assets & & 1.59 & % & & & 1.14 & % \\ \hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\ \hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\ \hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\ \hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\ \hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\ \hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\ \hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\ \hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 106 & \\ \hline Repossessed assets & & — & & & & 14 & \\ \hline & & & \\ \hline Asset Quality Ratios: & & & \\ \hline Ratio of nonaccruing loans to: & & & \\ \hline Total loans & & 0.07 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & \\ \hline Total assets & & 0.16 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\ \hline & & & \\ \hline Capital Ratios: & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\ \hline Real Estate Loans: & & & \\ \hline Construction & $ & 447,860 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\ \hline & & & \\ \hline Summary of Changes in Allowances: & & & \\ \hline Allowance for Loan Losses & & & \\ \hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\ \hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\ \hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\ \hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\ \hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\ \hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\ \hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\ \hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\ \hline & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\ \hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\ \hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\ \hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\ \hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\ \hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\ \hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\ \hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\ \hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\ \hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\ \hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\ \hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\ \hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\ \hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\ \hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\ \hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\ \hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\ \hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\ \hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\ \hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\ \hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\ \hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\ \hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\ \hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\ \hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & June 30, 2021 & & March 31, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\ \hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\ \hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\ \hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\ \hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\ \hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\ \hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\ \hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\ \hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\ \hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\ \hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\ \hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\ \hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\ \hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\ \hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\ \hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\ \hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\ \hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\ \hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\ \hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\ \hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & \\ \hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\ \hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\ \hline Securities: & & & & & \\ \hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\ \hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\ \hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\ \hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\ \hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\ \hline Cash and due from banks & & 83,228 & & & & & \\ \hline Accrued interest and other assets & & 687,894 & & & & & \\ \hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\ \hline Total assets & $ & 7,167,100 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\ \hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\ \hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\ \hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\ \hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\ \hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\ \hline Other borrowings & & 66 & & & & — & & — & \\ \hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\ \hline Noninterest bearing deposits & & 1,381,120 & & & & & \\ \hline Accrued expenses and other liabilities & & 101,478 & & & & & \\ \hline Total liabilities & & 6,313,030 & & & & & \\ \hline Shareholders’ equity & & 854,070 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\ \hline Net interest income (FTE) & & & $ & 51,851 & & \\ \hline Net interest margin (FTE) & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 3.02 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\ \hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\ \hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\ \hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\ \hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\ \hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\ \hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\ \hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\ \hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\ \hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\ \hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\ \hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\ \hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\ \hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\ \hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\ \hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\ \hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\ \hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\ \hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\ \hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\ \hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\ \hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\ \hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\ \hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\ \hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\ \hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\ \hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\ \hline & & & & & & & & & & & & & & \\ \hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\ \hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\ \hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\ \hline & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\ \hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\ \hline & & & & & & & & & & & & & & \\ \hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\ \hline & & & & & & & & & & & & & & \\ \hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\ \hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\ \hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\ \hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\ \hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\ \hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\ \hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\ \hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\ \hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\ \hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\ \hline & & & & & & & & & & & & & & \\ \hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\ \hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\ \hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\ \hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\ \hline & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\ \hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\ \hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\ \hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\ \hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\ \hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.
Stock Price 4 days before: 42.0556
Stock Price 2 days before: 43.3726
Stock Price 1 day before: 43.1535
Stock Price at release: 41.0449
Risk-Free Rate at release: 0.0004
Symbol: BGS
Security: B&G Foods, Inc.
Related Stocks/Topics: Technology|DES|CMP|VGR|VBR|IWN
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 31.8664
Stock Price 2 days before: 31.5722
Stock Price 1 day before: 30.5161
Stock Price at release: 30.7769
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: HIVE
Security: HIVE Blockchain Technologies Ltd.
Related Stocks/Topics: Markets|FNKO|CPNG|RDCM
Title: 7 Hidden-Gem Stocks to Buy for the Long-Term
Type: News
Publication: InvestorPlace
Publication Author: Faisal Humayun
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (<a href=](https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg) FNKO)." width="300" height="169">Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 1.87848
Stock Price 2 days before: 1.90877
Stock Price 1 day before: 1.7788
Stock Price at release: 1.89116
Risk-Free Rate at release: 0.0004
| 1.93469 |
Broader Economic Information:
Date: 2022-01-28
Title: Celanese (CE) Q4 Earnings Miss, Revenues Beat Estimates
Article: **Celanese Corporation** [CE](https://www.nasdaq.com/market-activity/stocks/ce) logged earnings from continuing operations of $4.83 per share in fourth-quarter 2021, down from $12.50 in the year-ago quarter.Barring one-time items, adjusted earnings were $4.91 per share, up from $2.09 in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $5.05. Revenues of $2,275 million increased 43% year over year and beat the Zacks Consensus Estimate of $2,241.5 million. **Celanese Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart)[Celanese Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart) | [Celanese Corporation Quote](https://www.nasdaq.com/market-activity/stocks/ce)******Segment Review** Net sales in the Engineered Materials unit were $707 million in the fourth quarter, up 23.6% year over year. The segment witnessed record net sales in the quarter on the back of pricing increase. Volumes dropped 1% while pricing rose 5% sequentially. The business continued to offset the majority of raw material, energy and logistics cost inflation which led to higher costs of roughly $60 million sequentially.The Acetyl Chain segment posted net sales of $1,476 million, up 62.2% year over year. The segment witnessed a 10% sequential increase in prices and a decline in volume. The business shifted more volume to the Western Hemisphere in the wake of the ongoing moderation in acetic acid and VAM industry pricing in China. Higher pricing in the reported quarter more than offset roughly $60 million in raw material, energy and logistics cost inflation from the previous quarter.Net sales in the Acetate Tow segment were $129 million, down 3.7% year over year. The company witnessed a slight increase in pricing and stable volume in the segment on a sequential-comparison basis. **FY21 Results** Earnings for full-year 2021 were $17.06 per share compared with earnings of $16.85 per share a year ago. Net sales rose around 51% year over year to $8,537 million. **Financials** Celanese ended 2021 with cash and cash equivalents of $536 million, down 43.9% year over year. The long-term debt inched down 1.6% year over year to $3,176 million.Celanese generated an operating cash flow of $1.8 billion and a free cash flow of $1.3 billion in 2021. Capital expenditures amounted to $467 million.The company also returned $1.3 billion to shareholders through dividend payouts and share repurchases during the year. **Outlook** Celanese stated that the early 2022 order book reflects strong demand for its products across most end markets. It continues to monitor the impact of Covid-19 variants on demand conditions. However, the constant inflationary and volatile supply chain environment remains its biggest challenge. It forecasts sequential margin expansion in first-quarter 2022 in its downstream businesses, led by Engineered Materials. The upside will likely offset the anticipated moderation in Acetyl Chain pricing conditions and boost expected first-quarter adjusted earnings of $4.30-$4.60 per share. With a strong start to 2022, the company is optimistic about its ability to achieve adjusted earnings of at least $15.00 per share in 2022, the company noted. **Price Performance** Celanese’s shares have gained 31.1% in the past year against a 6.3% decline of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-specialty-37). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/2e/16809.jpg?v=1168380862) Image Source: Zacks Investment Research** Zacks Rank & Other Key Picks** Celanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space are **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb), **Nutrien Ltd.** [NTR](https://www.nasdaq.com/market-activity/stocks/ntr) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix).Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 51.3% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 5.4% upward in the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 22.1%. ALB has rallied around 26.3% over a year. Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 53.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 17.4% upward in the past 60 days.Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 40.9% in a year.AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s earnings for the current year has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 46.9%. ASIX has surged 95.3% over a year. ASIX sports a Zacks Rank #1. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Celanese Corporation (CE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Nutrien Ltd. (NTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859117/celanese-ce-q4-earnings-miss-revenues-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Date: 2022-01-28
Title: Is MidWestOne Financial Group (MOFG) a Great Value Stock Right Now?
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.One stock to keep an eye on is **MidWestOne Financial Group (MOFG)**. MOFG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 9.38, which compares to its industry's average of 12.76. MOFG's Forward P/E has been as high as 11.77 and as low as 7.33, with a median of 9.48, all within the past year.Another notable valuation metric for MOFG is its P/B ratio of 0.94. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. MOFG's current P/B looks attractive when compared to its industry's average P/B of 2.11. MOFG's P/B has been as high as 1.03 and as low as 0.77, with a median of 0.94, over the past year.Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. MOFG has a P/S ratio of 2.21. This compares to its industry's average P/S of 3.04.Finally, investors should note that MOFG has a P/CF ratio of 6.97. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 15.52. Over the past year, MOFG's P/CF has been as high as 12.42 and as low as 6.28, with a median of 7.23. These figures are just a handful of the metrics value investors tend to look at, but they help show that MidWestOne Financial Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MOFG feels like a great value stock at the moment. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) [MidWestOne Financial Group, Inc. (MOFG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MOFG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859040/is-midwestone-financial-group-mofg-a-great-value-stock-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859040) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Tompkins Financial Corporation Reports Cash Dividend
Article: ITHACA, N.Y.--(BUSINESS WIRE)-- **Tompkins Financial Corporation (NYSE American:TMP)**Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.57 per share, payable on February 15, 2022, to common shareholders of record on February 8, 2022. The dividend amount represents an increase of $0.03 or 5.3% over the dividend paid in the first quarter of 2021.Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, and Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit [www.tompkinsfinancial.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tompkinsfinancial.com&esheet=52570219&newsitemid=20220128005042&lan=en-US&anchor=www.tompkinsfinancial.com&index=1&md5=d8508d7bdde12581d3d360fa00682dcb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005042r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005042/en/](https://www.businesswire.com/news/home/20220128005042/en/) Stephen S. Romaine, President & CEO Francis M. Fetsko, Executive VP, CFO & COO Tompkins Financial Corporation (888) 503-5753 Source: Tompkins Financial Corporation
Broader Sector Information:
Date: 2022-01-28
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Date: 2022-01-28
Title: Is It Time To Buy High-Growth Stocks?
Article: The interest rate sensitivity of high-growth stocks has caused their rich 2021 valuations to capitulate as yields soar. The Ark Innovation ETF [ARKK](https://www.nasdaq.com/market-activity/funds-and-etfs/arkk), the innovation benchmark, has tumbled -33% year-to-date, -60% off its February 2021 highs.Has fear and momentum trading caused the stock market to overdo this high-growth correction? The answer lies with your outlook on the Fed’s monetary approach to inflation and sustained demand.Fed Chair Powell has done a phenomenal job navigating these uncharted economic waters, and I believe his perception of natural inflation deceleration is valid. Powell and his regime of accommodative central bankers are doing everything in their power to keep the US economy growing.Outsized demand is what is causing this inflationary environment, and analyst beating results & forward guidance from Apple [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) & Microsoft [MSFT](https://www.nasdaq.com/market-activity/stocks/msft) just showed that our appetite for the hottest tech might be insatiable.Well-positioned tech is looking at accelerated secular growth over the next decade as society transitions in the 4th Industrial Revolution.It’s impossible to call a market bottom, but with the S&P 500 teetering around correction territory (-10% off recent highs), it’s time to start adding to your portfolio for the future. **Stocks I’m Adding To Today**: CrowdStrike [CRWD](https://www.nasdaq.com/market-activity/stocks/crwd), Twilio [TWLO](https://www.nasdaq.com/market-activity/stocks/twlo), TSMC [TSM](https://www.nasdaq.com/market-activity/stocks/tsm), Alaskan Air [ALK](https://www.nasdaq.com/market-activity/stocks/alk), ACM Research [ACMR](https://www.nasdaq.com/market-activity/stocks/acmr), & Splunk [SPLK](https://www.nasdaq.com/market-activity/stocks/splk). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_VIDEOBLOG_01282022&cid=CS-NASDAQ-FT-video_blog-1859309) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Microsoft Corporation (MSFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MSFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [ACM Research, Inc. (ACMR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ACMR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TSM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Alaska Air Group, Inc. (ALK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Splunk Inc. (SPLK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SPLK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Twilio Inc. (TWLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TWLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [ARK Innovation ETF (ARKK): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_VIDEOBLOG&d_alert=rd_final_rank&t=ARKK&split=1&cid=CS-NASDAQ-FT-video_blog-1859309) [CrowdStrike (CRWD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRWD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859309/is-it-time-to-buy-high-growth-stocks?cid=CS-NASDAQ-FT-video_blog-1859309) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline
Article: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: RDFN
Security: Redfin Corporation
Related Stocks/Topics: Unknown
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Stock Price 4 days before: 28.293
Stock Price 2 days before: 28.3742
Stock Price 1 day before: 27.0989
Stock Price at release: 25.7384
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: TDOC
Security: Teladoc Health, Inc.
Related Stocks/Topics: UPST|Markets|AMC|GME|PLTR
Title: Upstart Stock Looks Poised To Soar After Huge Pullback
Type: News
Publication: InvestorPlace
Publication Author: Larry Ramer
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (<a href=](https://investorplace.com/wp-content/uploads/2021/12/upstart-1600-300x169.png) UPST) is viewed through a magnifying glass focused on the company's logo." width="300" height="169">Source: Postmodern Studio / Shutterstock.comStill, after another 30% retreat by the name and amid multiple signs that the Street is warming up to the shares, I’m more bullish on the name than I was when my previous column was published on Jan. 3.Also importantly, I remain very upbeat on Upstart’s fundamentals and long-term outlook. UPST looks like a solid long-term play.Here’s why. **The Street Is Warming up to UPST Stock** InvestorPlace contributor Ian Bezek, a former Street analyst, was once [very bearish](https://investorplace.com/2021/10/upst-stock-is-wildly-overvalued-and-set-to-crash/?utm_source=Nasdaq&utm_medium=referral) on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 72.4265
Stock Price 2 days before: 68.5714
Stock Price 1 day before: 68.4127
Stock Price at release: 71.8074
Risk-Free Rate at release: 0.0004
| 70.7704 |
Broader Economic Information:
Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: Red Rock Resorts (RRR) to Report Q4 Earnings: What's in Store?
Article: **Red Rock Resorts, Inc.** [RRR](https://www.nasdaq.com/market-activity/stocks/rrr) is scheduled to report [fourth-quarter 2021 results](https://www.zacks.com/stock/research/RRR/earnings-calendar) on Feb 2, 2022, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 75.5%. **How are Estimates Placed?**The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 53 cents per share, indicating an improvement of 35.9% from 39 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $407.6 million. The metric suggests an increase of 18.7% from the year-ago quarter’s figure. **Red Rock Resorts, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise)[Red Rock Resorts, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise) | [Red Rock Resorts, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rrr) Let's take a look at how things have shaped up in the quarter. ******Factors at Play** Red Rock Resorts’ fourth-quarter performance is likely to have benefitted from solid Las Vegas operations. Attributes such as best-in-class assets and locations, unparallel distribution and scale along with a solid organic development pipeline are likely to have driven the company’s performance in the fourth quarter. Also, streamlining operations, optimizing marketing initiatives and renegotiating vendor and third-party agreements are likely to have stoked the numbers in the to-be-reported quarter. The Zacks Consensus Estimate for net revenues at Las Vegas operations is pegged at $399 million, suggesting growth of 26.3% from the prior-year quarter’s figures.Increased focus on casino gaming offerings (such as video poker, slot machines, table games, bingo and race and sports wagering) along with food and beverage is likely to have driven the top line in the fourth quarter. The Zacks Consensus Estimate for sales at casino and food and beverage and rooms is pegged at $275 million and $65 million, calling for year-over-year growth of 14.1% and 48.6%, respectively. The consensus mark for room revenues is pegged at $40.2 million, suggesting an increase of 107% from the prior-year quarter’s levels. Improved visitation as well as increased time on device and spend per visit is likely to have contributed to the company’s top line in the fourth quarter.However, increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects are likely to have dented the company’s earnings in fourth-quarter 2021. **What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Red Rock Resorts this time around. A stock needs to have a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here. **Earnings ESP:** Red Rock Resorts has an Earnings ESP of -2.86%. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank:** The company carries a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank)**Stocks Poised to Beat Earnings Estimates** Here are some stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:**Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox) has an Earnings ESP of +7.09% and a Zacks Rank #1.Shares of Crocs have gained 33.9% in the past year. CROX’s earnings topped the consensus mark in all the last four quarters, with the average being 41.6%. **Oxford Industries, Inc.** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) has an Earnings ESP of +2.97% and a Zacks Rank #1.Shares of Oxford Industries have gained 34.7% in the past year. OXM’s earnings topped the consensus mark thrice but missed the same on one occasion, with the average surprise being 96.7%. **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) has an Earnings ESP of +2.61% and a Zacks Rank #3.Shares of Boyd Gaming have gained 27.9% in the past year. BYD’s earnings topped the consensus mark in all of the trailing four quarters, with the average surprise being 56.4%.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RRR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859169/red-rock-resorts-rrr-to-report-q4-earnings-what-s-in-store?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169)
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Broader Industry Information:
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Bloomin’ Brands, Inc. to Host Fourth Quarter and Fiscal Year 2021 Earnings Conference Call at 8:15 AM EST on February 18, 2022
Article: TAMPA, Fla.--(BUSINESS WIRE)-- Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter and full year 2021 ended December 26, 2021, on Friday, February 18, 2022, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:15 AM EST the same day.The call will be webcast live from the Company’s website at [http://www.bloominbrands.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bloominbrands.com&esheet=52565658&newsitemid=20220128005001&lan=en-US&anchor=http%3A%2F%2Fwww.bloominbrands.com&index=1&md5=6118fe67289f84cfad2d823a5bd69630) under the Investors section. A replay of this webcast will be available on the Company’s website after the call. **About Bloomin’ Brands, Inc. **Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspired brands: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar. The Company operates more than 1,450 restaurants in 47 states, Guam and 17 countries, some of which are franchise locations. For more information, please visit [www.bloominbrands.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bloominbrands.com&esheet=52565658&newsitemid=20220128005001&lan=en-US&anchor=www.bloominbrands.com&index=2&md5=b6a5566e88232c9de914181fbe207ab5).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005001r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005001/en/](https://www.businesswire.com/news/home/20220128005001/en/) Bloomin’ Brands, Inc. Mark Graff SVP, Financial Planning and Investor Relations (813) 830-5311 [[email protected]](mailto:[email protected]) Source: Bloomin’ Brands, Inc.
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Percentage Change: 0.00%
Last 8 Articles for Current Stock:
Symbol: EB
Security: Eventbrite, Inc.
Related Stocks/Topics: Stocks
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 13.8288
Stock Price 2 days before: 14.2423
Stock Price 1 day before: 13.713
Stock Price at release: 12.9152
Risk-Free Rate at release: 0.0004
Symbol: GES
Security: Guess', Inc.
Related Stocks/Topics: Stocks|BYD|CROX|RICK
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Stock Price 4 days before: 20.554
Stock Price 2 days before: 22.1602
Stock Price 1 day before: 21.5884
Stock Price at release: 21.0258
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: CVII
Security: Churchill Capital Corp VII
Related Stocks/Topics: Unknown
Title: Churchill Capital Corp VII - Class A Shares Approach 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: Churchill Capital Corp VII - Class A ([CVII](https://kwhen.com/finance/profiles/CVII/summary))) shares closed today at 0.8% above its 52 week low of $9.64, giving the company a market cap of $1B. The stock is currently down 1.2% year-to-date, down 1.4% over the past 12 months, and down 1.4% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 89.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 0.1% higher than its 5-day moving average, 0.3% lower than its 20-day moving average, and 0.6% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1793.7% - The company's stock price performance over the past 12 months lags the peer average by 77.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 8.69027
Stock Price 2 days before: 7.41744
Stock Price 1 day before: 9.80087
Stock Price at release: 1.06568
Risk-Free Rate at release: 0.0004
| 9.76959 |
Broader Economic Information:
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Euromonitor International Ltd. Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories
Article: **Company Also Earns Multiple Product Awards from Around the World** LOS ANGELES, Jan. 28, 2022 /PRNewswire/ -- Premier global nutrition company, Herbalife Nutrition, has been named "The World's #1 Health Shake1" and "The #1 Brand in Active and Lifestyle Nutrition2" by Euromonitor International, an independent market research firm. The company also retains its top rank in the world in four other Euromonitor categories, including weight management and wellbeing3; and for the fifth consecutive year, the titles of being the world's top brand in weight management4, meal replacements5, and meal replacement and protein supplements combined6. [](https://mma.prnewswire.com/media/507686/Herbalife___Logo.html) Euromonitor International Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories"Creating the best tasting, highest quality nutrition products that help people achieve their wellness goals is at the heart of what we do, and the reason consumers trust Herbalife Nutrition to help them improve their nutrition," said John Agwunobi, Chairman and CEO, Herbalife Nutrition. Every year the company receives numerous product awards for its high-quality, science-backed products, from media, government agencies and consumer research companies. Some of the awards from the past year include: - United States: Selected as one of the **Best Weight Loss Programs** by Consumer Affairs as voted on by consumers. - China: Multiple awards including the **National Award for Enterprises Demonstrating Quality and Integrity in Products and Services**, awarded by the China Quality Inspection Association. - India: Recognized as the **"Power Brand 2021" in the category of Overall Holistic Nutrition for Women** by Femina, the first and most read women's English magazine in India. - Korea: For the tenth consecutive year, awarded the grand prize in the **Health Functional Food** Category by Digital Chosun Ilbo, a leading local media company and sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Agriculture, Food and Rural Affairs. - Russia: **Product of the Year**, awarded for High Protein Iced Coffee, awarded by the Russian Chamber of Commerce and the Moscow International Business Association (MIBA). - Taiwan: **Symbol of Nutritional Quality**, awarded by the Institute for Biotechnology and Medicine Industry to inform consumers which products meet top safety and quality standards. - United Kingdom/Ireland: **Product of the Year**, awarded for Tri-Blend Select in the nutrition supplement category. The award is driven by consumer votes. - Vietnam: **Golden Product of Public Health Award**, awarded by the Vietnam Association of Functional Food. Sixteen Herbalife Nutrition products were recognized for their quality, safety and effectiveness. - Belgium: **Product of the Year**, awarded for Collagen Skin Booster and Formula 1 Smooth Chocolate flavor. The award is driven by consumer votes. For more information about recent awards, please visit [IAmHerbalifeNutrition.com](https://c212.net/c/link/?t=0&l=en&o=3425693-1&h=1861895455&u=https%3A%2F%2Fiamherbalifenutrition.com%2F%3Fs%3Dawards&a=IAmHerbalifeNutrition.com). **About Herbalife Nutrition Ltd. **Herbalife Nutrition (NYSE: HLF) is a global company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world. \begin{table}{|c|} \hline 1 Source Euromonitor International Limited; Per Consumer Health 2022ed, Health Shake as per sports protein powder, sports protein RTDs, meal replacement, supplement nutrition drinks and protein supplements, combined % RSP share GBO, 2021 data.2 Source Euromonitor International Limited; Per Consumer Health 2022ed, Active and lifestyle nutrition defined as weight management and wellbeing, sports nutrition, and vitamins and dietary supplements definitions; combined % RSP share GBO, 2021 data.3 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.4 Source Euromonitor International Limited; Per Consumer Health 2022ed, Weight management and wellbeing category definition; % RSP share GBO, 2021 data.5 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.6 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement and protein supplements definitions; combined % RSP share GBO, 2021 data. \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=LA43853&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html](https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html) SOURCE Herbalife Nutrition (NYSE: HLF)
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Here's Why I Think SmartFinancial (NASDAQ:SMBK) Might Deserve Your Attention Today
Article: Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. And in their study titled Who Falls Prey to the Wolf of Wall Street?' Leuz et. al. found that it is 'quite common' for investors to lose money by buying into 'pump and dump' schemes.So if you're like me, you might be more interested in profitable, growing companies, like **SmartFinancial** (NASDAQ:SMBK). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. **SmartFinancial's Earnings Per Share Are Growing. **If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. SmartFinancial managed to grow EPS by 12% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. I note that SmartFinancial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. While we note SmartFinancial's EBIT margins were flat over the last year, revenue grew by a solid 26% to US$136m. That's a real positive.In the chart below, you can see how the company has grown earnings, and revenue, over time. To see the actual numbers, click on the chart.[earnings-and-revenue-history](https://images.simplywall.st/asset/chart/142913479-earnings-and-revenue-history-1-dark/1643383967048) NasdaqCM:SMBK Earnings and Revenue History January 28th 2022You don't drive with your eyes on the rear-view mirror, so you might be more interested in this **free** [report showing analyst forecasts for SmartFinancial's future profits](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future). **Are SmartFinancial Insiders Aligned With All Shareholders?** I like company leaders to have some skin in the game, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. As a result, I'm encouraged by the fact that insiders own SmartFinancial shares worth a considerable sum. With a whopping US$68m worth of shares as a group, insiders have plenty riding on the company's success. At 15% of the company, the co-investment by insiders gives me confidence that management will make long-term focussed decisions. It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. A brief analysis of the CEO compensation suggests they are. I discovered that the median total compensation for the CEOs of companies like SmartFinancial with market caps between US$200m and US$800m is about US$1.7m.The SmartFinancial CEO received total compensation of just US$809k in the year to . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally. **Does SmartFinancial Deserve A Spot On Your Watchlist?**As I already mentioned, SmartFinancial is a growing business, which is what I like to see. Earnings growth might be the main game for SmartFinancial, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, I'd argue this one is worthy of the watchlist, at least. We don't want to rain on the parade too much, but we did also find [1 warning sign for SmartFinancial](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you need to be mindful of.You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is [a list of companies with insider buying in the last three months.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4OTozM2U5OThiNWZiYzNiODFh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: Church & Dwight (CHD) Q4 Earnings Top Estimates, Sales Rise
Article: **Church & Dwight Co., Inc.** [CHD](https://www.nasdaq.com/market-activity/stocks/chd) reported solid fourth-quarter 2021 results, with the top and the bottom line increasing year over year. The company’s earnings and net sales surpassed the Zacks Consensus Estimate. **Quarter in Detail** Church & Dwight posted adjusted earnings of 64 cents per share that topped the Zacks Consensus Estimate of 58 cents and increased 20.8% from the year-ago quarter’s level. This upside was mainly backed by greater-than-anticipated revenues from the company’s consumer domestic business. Also, the reduced tax rate was an upside. This was somewhat offset by increased marketing investments for the company’s brands along with higher incentive compensation.Net sales of $1,368.7 million moved up 5.7% year over year and surpassed the Zacks Consensus Estimate of $1,348.8 million. Results were backed by solid consumption for the company’s brands. Organic sales rose 4.3%, with a favorable price and product mix of 6%. However, volumes declined 1.7%.The company saw consumption gains in 11 out of 16 domestic categories. **Church & Dwight Co., Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise)[Church & Dwight Co., Inc. price-eps-surprise](https://www.zacks.com/stock/chart/CHD/price-eps-surprise?icid=chart-CHD-price-eps-surprise) | [Church & Dwight Co., Inc. Quote](https://www.nasdaq.com/market-activity/stocks/chd) The gross margin shrunk 50 basis points (bps) to 42.5% due tothe adverse impact from increased manufacturing costs, net of pricing and productivity.Marketing expenses remained unchanged year over year to $201.1 million. As a percentage of sales, the figure shrunk 90 bps to 14.7%. Adjusted SG&A expenses, as a percentage of sales, expanded 50 bps to 14.9%, thanks to acquisition costs, asset write-offs and increased compensation-related costs. **Segment Details****Consumer Domestic**: Net sales in the segment increased 5.1% to $1,041.7 million, owing to higher household and personal care sales. Organic sales improved 3.6%, driven by a higher price and product mix, somewhat negated by reduced volumes. OXICLEAN stain fighter powder, ARM & HAMMER clumping cat litter, ARM & HAMMER liquid detergent, ARM & HAMMER scent boosters and BATISTE dry shampoo aided the segment. **Consumer International**: Net sales in the segment increased 5.9% to $242 million, mainly on the back of the improvement of Global Markets Group. Organic sales were up 4.7%,with a volume rise of 4.2%. Organic sales growth was mainly driven by VITAFUSION, STERIMAR, FEMFRESH, NAIR and OXICLEAN in the Global Markets Group. **Specialty Products**: Sales in the segment advanced 12% to $85 million. Organic sales mainly increased on favorable price and volume. Dairy and non-dairy sales increased in the quarter. **Other Updates** Church & Dwight reported cash on hand of $240.6 million and total debt of $2.56 billion as of Dec 31, 2021. For 2021, cash from operating activities came in at $993.8 million. Capital expenditures amounted to $118.8 million in 2021.The company announced a 4% hike in its quarterly [dividend](https://www.zacks.com/stock/research/CHD/dividend-history) from 25.25 cents to 26.25 per share. The revised quarterly dividend will be paid on Mar 1, 2022, to shareholders of record as of Feb 15, 2022. This marks the company’s 26th consecutive year of a dividend hike. At present, management has almost 242 million shares outstanding under its buyback plan. **2022 View** Church & Dwight is on track to undertake impressive product launches in 2022. In the Health and Wellbeing category, the VITAFUSION brand rolled out 2 in 1 BI-LAYER GUMMIES and an Ashwaganda gummy line. The ZICAM brand is rolling out the first immune supplement gummies with Zinc + Vitamins C&D. In the Specialty Haircare category, the BATISTE brand is launching a Leave-in Hair Mask. The company’s personal care portfolio will be adding SPINBRUSH CLEAR AND CLEAN TM.Management expects 2022 reported sales growth in the range of 5-8% year over year, while organic sales are likely to rise 3-6%. The company expects various categories to remain at escalated consumption levels like laundry, gummy vitamins, laundry additives, hair growth supplements and cat litter in 2022.The company expects to witness additional cost inflation to the tune of $155 million when compared with 2021 level. That being said, it is on track to offset price inflation. However, management expects to face inflation at a greater rate than effective price increases in 2022.For 2022, the operating profit margin is likely to expand by 60-70 bps compared with the adjusted operating margin reported in the year-ago period. The gross margin is likely to be down from the 2021 level. Management anticipates earnings per share (EPS) between $3.14 and $3.26, up 4-8% compared with year-ago adjusted EPS. The metric is expected to be driven by operating income growth offset by a major rise inthe effective tax rate.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d8/16840.jpg?v=2106944569) Image Source: Zacks Investment Research** Q1 Outlook** For the first quarter of 2022, the company expects a 3-4% increase in reported sales and organic sales are estimated to rise 1-2%. EPS are projected to be 75 cents in the quarter, suggesting a 9.6% decline from the year-ago quarter’s adjusted figure.In the past three months, shares of this Zacks Rank #3 (Hold) company have increased 15.7% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/soap-and-cleaning-materials-174)’s growth of 7%. **Hot Consumer Staples Bets** Some better-ranked stocks are **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Flower Foods** [FLO](https://www.nasdaq.com/market-activity/stocks/flo).United Natural Foods, the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, sports a Zacks Rank #1 (Strong Buy). Shares of UNFI have declined 15.3% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for United Natural Foods’ current financial year EPS and sales suggests growth of 8.8% and 5.1%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have declined 4.5% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average.Flower Foods, the producer of packaged bakery foods in the United States, currently carries a Zacks Rank #2. Shares of FLO have gained 13% in the past three months.The Zacks Consensus Estimate for Flower Foods’ 2022 sales suggests growth of 1.9% from the year-ago reported figure. FLO has a trailing four-quarter earnings surprise of 15.4%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Church & Dwight Co., Inc. (CHD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CHD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Flowers Foods, Inc. (FLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859189/church-dwight-chd-q4-earnings-top-estimates-sales-rise?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859189) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Broader Sector Information:
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: After Painful Losing Streak, AMC Entertainment Might Actually Be a Buy
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) From the onset of Covid-19 to the meme-stock trade, it’s been quite an eventful couple of years for anyone who held shares of global movie-theater chain **AMC Entertainment**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Suffice it to say that it hasn’t been easy to stay invested in AMC stock, but at least it’s never been boring. [People wearing masks walking past an AMC theater.](https://investorplace.com/wp-content/uploads/2021/04/amc-entertainment-stock-300x169.jpg) Source: rblfmr/Shutterstock.comAs broad-market carnage beset Wall Street in December and much of January, it appears that the highest flyers had the hardest landings. Once-touted names have lost much of their value, with meme stocks suddenly falling out of favor and sinking to new short-term lows.It’s true that many of InvestorPlace‘s contributors tried to warn the readers that this could happen. Still, I’d like to offer some words of solace and even hope for downtrodden, ill-timed AMC stock traders.Granted, there’s no guarantee of a turnaround. However, the refinancing efforts of an American movie-theater icon could signal better times ahead for legions of loyal “apes” with multi-bagger ambitions. **A Closer Look at AMC Stock** All of that being said, it really is time to let go of our “moon shot” fantasies. AMC stock’s rally from $2 to $72 would be extremely difficult for the market to replicate. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Consider the math. As of Jan. 25, the stock was trading at roughly $16. It would have to somehow reach $576 to reproduce last year’s 36x move.A more sensible objective would be for AMC stock to retake the $30 level. That would represent a near share-price doubling, which is nothing to sneeze at.As far as support levels are concerned, it’s difficult to identify anything meaningful if a stock goes vertical and then crashes. There’s just no “safe zone” to speak of here.In the final analysis, keep your price targets realistic and always remember that AMC stock is highly speculative. Therefore, all position sizes should be small. **Time to Get Creative** Say what you will about CEO Adam Aron, but there’s no denying that he’s been fairly transparent about AMC Entertainment’s massive debt load. “In 2020 and early 2021, AMC [took on debt](https://www.wsj.com/articles/amc-entertainment-says-it-will-try-to-refinance-high-interest-debt-11641220992) at high interest rates to survive,” Aron once admitted. Clearly, with the Covid-19 pandemic keeping moviegoers at home, the company had to do what it had to do.More recently, there have been signs that people are ready and willing to return to movie theaters. For instance, AMC reported that Spider-Man: No Way Home was the highest-grossing movie title on its opening night in the company’s history for the month of December.Despite that success, AMC Entertainment still has to repay its debts and find ways to shore up its balance sheet. The movie-theater chain’s CEO is, at least, apparently prepared to address this financial issue.“There is no guarantee of success, but we will try very hard to get this done. We are always thinking of creative ways to make AMC’s future more secure,” Aron explained. **Active Discussions** Still, trying hard isn’t enough. AMC Entertainment’s investors – “apes” included – should want to see progress, and results. According to The Wall Street Journal, the company had [$5.5 billion worth of debt](https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?page=1&adobe_mc=MCMID%3D56754248947047045412268717135884254405%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1643148240) as of September that ranks ahead of the company’s equity, including high-interest bonds. Furthermore, AMC owed $376 million worth of lease payments which were deferred during the Covid-19 pandemic.Fortunately, it appears that AMC Entertainment is making an effort to refinance some of its debt. Reportedly, people familiar with the matter are saying that AMC is in advanced refinancing talks with multiple interested parties.With that, the company supposedly has options to lower its interest-payment burden and stretch out the debt’s maturities by several years.Obviously, this isn’t a permanent solution. It’s really more of a lifeline, but probably a necessary one. **The Bottom Line** So, at least it appears that AMC Entertainment might be engaged in active discussions with its creditors. For the shareholders, it should be encouraging to see the company taking proactive steps to manage its considerable debt load.It’s a real-world reason to consider AMC stock, as opposed to a meme-stock fantasy. Reality is harsh, but it’s unavoidable – and just maybe, for the most patient investors, a movie-like ending could be in store. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [After Painful Losing Streak, AMC Entertainment Might Actually Be a Buy](https://investorplace.com/2022/01/after-painful-losing-streak-amc-stock-might-actually-be-a-buy/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Costamare (NYSE:CMRE) Will Want To Turn Around Its Return Trends
Article: To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at **Costamare** (NYSE:CMRE), it didn't seem to tick all of these boxes. **Understanding Return On Capital Employed (ROCE)**For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Costamare: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.074 = US$287m ÷ (US$4.2b - US$355m) (Based on the trailing twelve months to September 2021).Therefore, **Costamare has an ROCE of 7.4%.** Ultimately, that's a low return and it under-performs the Shipping industry average of 10%.[roce](https://images.simplywall.st/asset/chart/33026309-roce-1-dark/1643366598973) NYSE:CMRE Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Costamare compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Costamare [here ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****What Can We Tell From Costamare's ROCE Trend?**In terms of Costamare's historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 9.4% over the last five years. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. **The Bottom Line On Costamare's ROCE** While returns have fallen for Costamare in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. And the stock has done incredibly well with a 206% return over the last five years, so long term investors are no doubt ecstatic with that result. So should these growth trends continue, we'd be optimistic on the stock going forward.On a final note, we found [ 3 warning signs for Costamare (1 doesn't sit too well with us) ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) you should be aware of. While Costamare isn't earning the highest return, check out this **free** [list of companies that are earning high returns on equity with solid balance sheets.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcyNDpmYTE3ZDg2YmEwZjgxY2Yx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: CALT
Security: Calliditas Therapeutics AB (publ)
Related Stocks/Topics: US Markets|PODD|XLV|IBB
Title: Health Care Sector Update for 01/28/2022: PRVB, PODD, CALT, XLV, IBB
Type: News
Publication: MTNewswires
Publication Author: MT Newswires
Date: 2022-01-28
Article: Health care stocks were mixed pre-bell Friday. The iShares Biotechnology ETF ([IBB](https://www.nasdaq.com/market-activity/stocks/IBB))) was recently 0.12% higher while the Health Care SPDR ([XLV](https://www.nasdaq.com/market-activity/stocks/XLV))) was slipping by 0.38%. Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) was advancing by more than 10% after saying it plans to resubmit its teplizumab biologics license application following a meeting with the US Food and Drug Administration. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) was gaining more than 12% in value after the company received clearance from the US Food and Drug Administration for its Omnipod 5 Automated Insulin Delivery System for individuals aged six years and older with type 1 diabetes. Calliditas Therapeutics ([CALT](https://www.nasdaq.com/market-activity/stocks/CALT))) was rallying nearly 8% after saying it has begun the commercial launch of Tarpeyo for the treatment of IgA nephropathy, which is a rare, progressive autoimmune disease.
Stock Price 4 days before: 19.7446
Stock Price 2 days before: 19.6783
Stock Price 1 day before: 19.7587
Stock Price at release: 20.264
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: MUX
Security: McEwen Mining Inc.
Related Stocks/Topics: BOLT|Markets|POWW|SHIP
Title: 7 Little-Known Penny Stocks That Could Take Off Any Moment
Type: News
Publication: InvestorPlace
Publication Author: Josh Enomoto
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Usually, investment writers bury the fine print at the end of the article. You know the story, though: all investments involve risk and therefore, you must practice due diligence. That’s fine when discussing blue-chip equities. But when you’re dealing with penny stocks, you’ve got to go above and beyond. One of the biggest reasons for the extra precautionary disclosures is that penny stocks are wildly risky. When you speak with a certified investment professional (as in, not this author), you will almost certainly be directed to a portfolio of high-quality securities and investments with rational bullish narratives. Unfortunately, the speculative fare tempts you with their cheap prices — which typically get cheaper after purchase.Sure, your “friends” on social media will brag about their gains and their newfound financial freedom acquired through penny stocks. First off, people lie on the internet (believe me, it happens). Second, someone somewhere will win the lottery. But that doesn’t bear any relevance to whether you will win out. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Therefore, I’m going to share with you what my former martial arts instructor told me: rule number one is don’t get hurt. This applies to self-defense as it does to these penny stocks to consider. - **Bolt Biotherapeutics** (NASDAQ: [BOLT](https://investorplace.com/stock-quotes/bolt-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AMMO Inc.** (NASDAQ: [POWW](https://investorplace.com/stock-quotes/poww-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Seanergy Maritime** (NASDAQ: [SHIP](https://investorplace.com/stock-quotes/ship-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McEwen Mining** (NYSE: [MUX](https://investorplace.com/stock-quotes/mux-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Waitr** (NASDAQ: [WTRH](https://investorplace.com/stock-quotes/wtrh-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Boxlight** (NASDAQ: [BOXL](https://investorplace.com/stock-quotes/boxl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **First Graphene** (OTCMKTS: [FGPHF](https://investorplace.com/stock-quotes/fgphf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) Overall, the important point is that if you decide to gamble on these ideas, you’re doing it because you feel it’s the right opportunity. Don’t let me or anybody else sway you into investments you are not comfortable taking. And with that in mind, let’s dive in and take a closer look at these penny stocks to consider. **Penny Stocks: Bolt Biotherapeutics ([BOLT](https://www.nasdaq.com/market-activity/stocks/BOLT)))** [A close-up concept image of a tiny glass vial with a strand of DNA in it.](https://investorplace.com/wp-content/uploads/2021/03/biotech-stocks-2-300x169.jpg) Source: Shutterstock Most of the ideas I have will be priced literally as penny stocks, at least as of the time of this writing. In contrast, most folks will consider Bolt Biotherapeutics as being priced on the upper spectrum of what would be considered a penny stock. However, you should note that one year ago, Bolt was one of the more promising initial public offerings (IPO) in the biotechnology space.On Feb. 5, 2021, shares closed at $32.15. However, at the end of the third week of 2022, BOLT stock ended the session at $3.63, nearly an 89% loss. Even on a year-to-date (YTD) basis, the numbers are horrifying, with a drop of more than 30%. If you didn’t pay attention to anything I said about penny stocks above, it’s time to sober up.This is not a comfortable trade by any stretch of the imagination.However, there is a possibility that Bolt — which is pioneering a new category of targeted immunotherapies to facilitate anti-tumor immune responses — could eventually enjoy a resurgence. Currently, a huge need exists for therapeutics designed to address difficult-to-treat solid tumors. With that in mind, Bolt has provided some encouraging data, though early-stage biotechs are almost always crapshoots. **AMMO Inc. ([POWW](https://www.nasdaq.com/market-activity/stocks/POWW)))** [many ammunition bullets pattern background](https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg) Source: ThomasLENNE / Shutterstock.com A positive element about penny stocks is that they can facilitate equity ownership in underappreciated industries. I’m not entirely sure I would classify the ammunition industry as underappreciated, but the supply shortage that prompted massive runs on guns and price hikes on ammo created a huge opportunity for AMMO Inc.However, the narrative has shifted, at least on the charts. On a YTD basis, POWW stock plummeted nearly 25%. Over the trailing six months, the damage is even more pronounced, with the security hemorrhaging more than 43%. Some of the negativity could be due to shareholders being worried about [Ammo’s acquisition of GunBroker.com](https://www.benzinga.com/markets/penny-stocks/22/01/25128592/acquisition-gives-ammo-nasdaq-poww-an-online-marketplace), which is the world’s largest marketplace for firearms and related products.In my view, the selloff seems overdone, mainly because the supply crunch in the ammo industry isn’t yet over. According to the National Interest, both hunters and stores in the deep south are “having [trouble accessing ammunition](https://nationalinterest.org/blog/buzz/deep-south-faces-ammo-shortage-199756) during the height of hunting season.” - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) Of course, a major headwind is that new production takes time to distribute throughout the supply chain. Furthermore, the spike in gun demand from average everyday citizens have forced ammo manufacturers to concentrate on the most profitable calibers. Either way, there’s still a supply shortage, boding well for POWW stock. **Penny Stocks: Seanergy Maritime ([SHIP](https://www.nasdaq.com/market-activity/stocks/SHIP)))** [A photo of a large oil shipping rig.](https://investorplace.com/wp-content/uploads/2020/04/oil-shipping-3-300x169.jpg) Source: Shutterstock From a charting analysis perspective, Seanergy Maritime is among the more intriguing penny stocks. While other speculative ideas have incurred horrendous losses on a YTD basis, SHIP stock has kept relatively afloat, losing only 4%. That’s a better profile than some of the blue-chip equities that I’ve seen during this broader market fallout.With the exception of a brief blip higher, SHIP stock has been trending in a horizontal channel since the beginning of December last year. That’s usually a frustrating condition for most other asset categories. For penny stocks, though, it could be a sign that at any moment, a wave of buying activity could lift SHIP stock — if only temporarily.According to its website, Seanergy is billed as the “ [only pure-play Capesize shipping company](https://www.seanergymaritime.com/en/about/company-profile) listed in the US capital markets.” As you know, the shipping industry has been under the microscope due to the ongoing global supply chain crisis. But looking beyond the novel coronavirus pandemic, experts project the dry bulk shipping market to be worth $5.5 billion by 2030, registering a [compound annual growth rate of 4% between 2022 and 2030](https://www.marketresearchfuture.com/reports/dry-bulk-shipping-market-8308).Sure, it’s slow growth. But at these deflated levels, SHIP stock might be interesting to the hardened speculator. **McEwen Mining ([MUX](https://www.nasdaq.com/market-activity/stocks/MUX)))** [a cart filed with gold in a gold mine](https://investorplace.com/wp-content/uploads/2019/07/mining1600c-300x169.jpg) Source: Shutterstock As I write this, McEwen Mining closed the Jan 21. session at 95 cents. Depending on how broader sentiment plays out, this could be one of the penny stocks that are no longer literally the case by the time you read this. Specializing in precious metal mining, MUX stock might generate interest among those who wish to speculate on the possibly incoming fear trade.Although an interesting concept, it’s a tough one to have confidence in. Namely, the Federal Reserve has admitted great concern over [soaring consumer prices](https://www.nytimes.com/2021/12/10/business/cpi-inflation-november-2021.html#:~:text=The%20Consumer%20Price%20Index%20climbed,quickest%20annual%20reading%20since%201991.). Therefore, it seems a sure bet that the central bank will implement an aggressively hawkish monetary policy. That will likely raise borrowing costs, thus lifting the dollar above other international currencies.On paper, that wouldn’t be positive for precious metals. Then again, this sector has been looking enticing since December last year. It could be that fear of the unknown will lift the metals, irrespective of a rising dollar. - [7 Penny Stocks To Pick Up for Profits in Q1](https://investorplace.com/2022/01/7-penny-stocks-to-pick-up-for-profits-in-q1/?utm_source=Nasdaq&utm_medium=referral) However, it’s also important to note that McEwen is [also involved in copper mining](https://www.mcewenmining.com/operations/los-azules/default.aspx), with the underlying asset being critical for [electric vehicles](https://investorplace.com/understanding-investment-opportunity-electric-vehicle-ev-stocks/?utm_source=Nasdaq&utm_medium=referral) (EVs). That’s no guarantee of upside, but MUX stock is one of the penny stocks to watch carefully. **Penny Stocks: Waitr ([WTRH](https://www.nasdaq.com/market-activity/stocks/WTRH)))** [Photo of Waitr (<a href=](https://investorplace.com/wp-content/uploads/2020/03/shutterstock_1109209376-300x169.jpg) WTRH) logo in a mobile app store browser." width="300" height="169">Source: PREMIO STOCK / Shutterstock.com To be completely upfront, I don’t have the greatest of confidence in Waitr, an on-demand food-delivery service that connects users with several local establishments. As you might imagine, the platform experienced a surge in demand following the initial intrusion of the coronavirus pandemic. But as people became acclimated to the crisis, WTRH stock suffered considerably.Also, Waitr came to the public market via a reverse merger with a [special purpose acquisition company](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) (SPAC) before SPACs became a hot commodity. Still, post-business combination [SPACs have underperformed benchmark indices](https://www.indxx.com/indices/thematic/indxx-spac--nextgen-ipo-index-tr) over the trailing year. Overall, WTRH stock truly demonstrates the risks involved with merging with shell companies. The equity unit is down almost 95% against its $10 initial offering price.However, is there an outside chance that WTRH stock could be worth something for the speculator? Suffering a 25% YTD loss, the situation doesn’t look good. However, mitigation protocols to address the omicron threat makes going to restaurants a bit of a drag. More critically, according to experts, a possibility still exists that a [highly infectious and deadly variant could emerge](https://www.msn.com/en-us/health/medical/more-infectious-than-omicron-deadly-like-delta-ucsd-doc-on-possibilities-for-future-covid-variants/ar-AASXuOU?ocid=msedgntp).That said, I don’t want to think about it and that’s the point. WTRH stock is one of the penny stocks that largely only has a cynical thesis. **Boxlight (BOXL)** [Boxlight (BOXL) website under magnifying glass](https://investorplace.com/wp-content/uploads/2020/07/boxl-stock-300x169.jpg) Source: Pavel Kapysh / Shutterstock.com Billed as an [innovative education platform](https://mimio.boxlight.com/) that provides better solutions for better results, Boxlight from a bigger-picture perspective seems like one of the most compelling penny stocks available. Essentially, the company offers a holistic solution to the academic market, enabling students to learn key subjects such as STEM (science, technology, engineering, math) in an effective manner, thus improving educational outcomes for everyone.Sadly, the market doesn’t exactly feel the same way. Since the January opener, BOXL shares have dropped nearly 26%, a conspicuously steep figure even when stacked against other risky penny stocks. Over the trailing half-year period, the security has succumbed to a 48% move below parity.If you’re asking why, the issue likely stems from the omicron variant, specifically its impact on school systems. They’re shutting down, eschewing the traditional learning experience for at-home learning. It’s a tough position to be in because, in the name of safety, [we could really be damaging future generations of American workers](https://www.washingtonpost.com/outlook/2022/01/06/omicron-school-closures/). - [7 Undervalued Stocks That Won't Stay That Way for Long](https://investorplace.com/2022/01/7-undervalued-stocks-that-wont-stay-deflated/?utm_source=Nasdaq&utm_medium=referral) Furthermore, the Washington Post warned about a lost generation as research indicates [students are sliding backward](https://www.washingtonpost.com/education/students-falling-behind/2020/12/06/88d7157a-3665-11eb-8d38-6aea1adb3839_story.html). Thus, Boxlight’s relevance could spike up BOXL stock. We just don’t know when that will be. **Penny Stocks: First Graphene (FGPHF)** [A digital illustration of 3D graphene molecules.](https://investorplace.com/wp-content/uploads/2020/11/graphene-300x169.jpg) Source: Shutterstock Before we get into a discussion about First Graphene, I own a few shares of this extremely speculative idea. Therefore, take it with a grain of salt and always conduct your due diligence, especially with risky penny stocks.Although buying shares presently priced at 14 cents is not necessarily the wisest move, I was nevertheless encouraged by the underlying narrative. As one of the few legitimate research and developers of graphene-based products, First Graphene has enormous potential provided that its business strategies go according to plan. As the [strongest material known to exist](https://newscenter.lbl.gov/2016/02/08/graphene-is-strong-but-is-it-tough/#:~:text=Graphene%2C%20a%20material%20consisting%20of,extraordinary%20mechanical%20and%20electrical%20properties.), the namesake asset offers substantial additive applications.For instance, graphene-treated concrete could yield more resilient buildings and cut down on material waste. Also, concrete is a [surprising source of carbon emissions](https://www.bbc.com/news/science-environment-46455844); thus, improving its durability is an environmentally accretive endeavor.If that wasn’t enough to pique your curiosity, First Graphene recently [achieved a milestone with its high-performing supercapacitor materials project](https://firstgraphene.net/graphene-based-supercapacitor-materials-deliver-85-improvement-in-energy-density-levels/), which has obvious implications for EVs and the next generation of clean transportation initiatives. It’s no wonder so many have labeled graphene as a miracle material.Still, this is a super-risky play. So only gamble with money you can afford to lose. On the date of publication, Josh Enomoto held a LONG position in FGPHF. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.The post [7 Little-Known Penny Stocks That Could Take Off Any Moment](https://investorplace.com/2022/01/7-little-known-penny-stocks-take-off-any-moment/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 0.920273
Stock Price 2 days before: 0.893786
Stock Price 1 day before: 0.870919
Stock Price at release: 0.822392
Risk-Free Rate at release: 0.0004
| 0.786676 |
Broader Economic Information:
Date: 2022-01-28
Title: First Week of AMBA March 11th Options Trading
Article: Investors in Ambarella, Inc. (Symbol: AMBA) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AMBA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $120.00 strike price has a current bid of $10.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $109.60 (before broker commissions). To an investor already interested in purchasing shares of AMBA, that could represent an attractive alternative to paying $123.79/share today. Because the $120.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=put&contract=120.00). Should the contract expire worthless, the premium would represent a 8.67% return on the cash commitment, or 75.32% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Ambarella, Inc., and highlighting in green where the $120.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $11.80. If an investor was to purchase shares of AMBA stock at the current price level of $123.79/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.55% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AMBA shares really soar, which is why looking at the trailing twelve month trading history for Ambarella, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AMBA's trailing twelve month trading history, with the $130.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $130.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=call&contract=130.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.53% boost of extra return to the investor, or 82.84% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 100%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $123.79) to be 63%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Lowe's + Petco Store-in-store Set For Launch
Article: (RTTNews) - Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under one roof. This "one-of-a-kind specialty retail partnership" brings Petco shops to select Lowe's locations to offer customers trusted products, services and expertise for both home and pets in one, convenient stop at select Lowe's locations. "Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to create healthy, happy homes for pet parents and the pets they love," said Nick Konat, Petco's chief merchandising officer. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February. The company also plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. These Lowe's + Petco locations will offer pet parents a curated assortment of Petco's high-quality pet nutrition as well as health and wellness supplies and services, including Petco's beloved owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh, as well as a variety of popular national brands. This will add to Lowe's existing "pets welcome" atmosphere and selection of pet-friendly products such as STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies. All these products from Petco will also be available to purchase in store or on Lowes.com to be picked up curbside, in contactless pickup lockers or at the Customer Service desk at Lowe's pilot locations at no additional cost. Lowe's + Petco locations are also expected to offer a selection of Petco's pet services, including Vetco vaccination clinics, microchipping, prescription pest prevention, and mobile grooming at select times and locations. Lowe's is also looking to staff these Lowe's + Petco pilot locations with knowledgeable Petco employees during peak hours to offer pet-focused guidance alongside Lowe's associates' advice on home improvement projects. According to a recent online survey conducted by TRUE Global Intelligence on behalf of Lowe's, more than 11 million new pets entered U.S. homes since the start of the pandemic, with 67 percent of respondents having found their greatest comfort in their pets while nearly half found that comfort in their homes.
Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Costamare (NYSE:CMRE) Will Want To Turn Around Its Return Trends
Article: To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at **Costamare** (NYSE:CMRE), it didn't seem to tick all of these boxes. **Understanding Return On Capital Employed (ROCE)**For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Costamare: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.074 = US$287m ÷ (US$4.2b - US$355m) (Based on the trailing twelve months to September 2021).Therefore, **Costamare has an ROCE of 7.4%.** Ultimately, that's a low return and it under-performs the Shipping industry average of 10%.[roce](https://images.simplywall.st/asset/chart/33026309-roce-1-dark/1643366598973) NYSE:CMRE Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Costamare compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Costamare [here ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****What Can We Tell From Costamare's ROCE Trend?**In terms of Costamare's historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 9.4% over the last five years. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. **The Bottom Line On Costamare's ROCE** While returns have fallen for Costamare in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. And the stock has done incredibly well with a 206% return over the last five years, so long term investors are no doubt ecstatic with that result. So should these growth trends continue, we'd be optimistic on the stock going forward.On a final note, we found [ 3 warning signs for Costamare (1 doesn't sit too well with us) ](https://simplywall.st/stocks/us/transportation/nyse-cmre/costamare?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) you should be aware of. While Costamare isn't earning the highest return, check out this **free** [list of companies that are earning high returns on equity with solid balance sheets.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874724&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDcyNDpmYTE3ZDg2YmEwZjgxY2Yx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Industry Information:
Date: 2022-01-28
Title: DocGo Announces Record Preliminary Fourth Quarter 2021 Revenue
Article: **Full year and fourth quarter revenue of $305.0 million and $107.8 million, respectively, more than triple versus prior year periods** NEW YORK--(BUSINESS WIRE)-- [DocGo](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.docgo.com%2F&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=DocGo&index=1&md5=03c528a81550613960598f8fe37da6ac), (Nasdaq: DCGO), a leading provider of last-mile mobile health services and integrated medical mobility solutions, announced today select preliminary unaudited financial results for its fourth quarter ended December 31, 2021.“Our preliminary unaudited fourth quarter and full year results we are providing today reflect the increasing momentum of our business, specifically 246% revenue growth quarter-over-quarter and 224% growth for the full year over 2020,” said Stan Vashovsky, CEO of DocGo. “We are pleased with our fourth quarter results which excluding COVID related testing revenues reflect approximately 200% year over year growth in revenue, with ongoing positive momentum in the core business. We fill a significant void in the medical care continuum that is increasingly recognized by corporations, health systems and government agencies, and we are excited by the opportunities that are ahead of us in 2022. I look forward to a very successful year.”“It is worth noting that on a go forward basis, we do not intend to provide select preliminary results on a regular basis and will instead report complete financial and operating results in our regularly scheduled quarterly earnings releases,” Mr. Vashovsky concluded. **Preliminary Fourth Quarter Financial Highlights** - On a preliminary basis, total revenue was $107.8 million in the fourth quarter of 2021, representing record quarterly revenue for the seventh consecutive quarter for DocGo, and a 246% increase from $31.2 million in the fourth quarter of 2020. - Results were aided by the inclusion of revenues from several large new and expanded Mobile Health contracts. - On a preliminary basis, Mobile Health revenue increased to approximately $89.6 million in the fourth quarter of 2021, compared to $15.8 million in the prior-year period. Medical transport revenue was approximately $18.2 million, up 18% from $15.4 million in Q4 of 2020. - On a preliminary basis, DocGo's net income was $2.5 million in the fourth quarter of 2021, which represents a substantial improvement over the net loss of $4.4 million in the fourth quarter of last year. Adjusted EBITDA grew to approximately $5.4 million in the fourth quarter of 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $2.9 million in the prior-year period. - For the full year, on a preliminary basis, DocGo generated $305 million in revenue in 2021, an increase of 224% from $94.1 million in 2020. Mobile Health revenue increased to approximately $221.1 million in 2021, compared to $31 million in 2020. Medical transport revenue was approximately $83.9 million in 2021, up 33% from $63.1 million in 2020. - On a preliminary basis, DocGo's net income was $1.4 million for the full year 2021, which represents a substantial improvement over the net loss of $14.8 million in 2020. Adjusted EBITDA grew to approximately $13.0 million in 2021 even with significant investments made in regional expansion and personnel, versus an Adjusted EBITDA loss of $8.1 million in 2020. - The company expects to report full year 2021 audited results in late February or early March and expects to provide formal 2022 guidance at that time. **Recent Business Highlights** - All municipal testing programs will extend into 2022 and signed several new agreements to expand those services. - Expanded mobile health services in several markets, including offering monoclonal antibody treatments in the state of Nevada. - To meet the growing demand for services, hired 926 new employees in Q4 2021, bringing total hires for calendar year 2021 to 2,340, and total number of medical providers and agency staff to over 3,877 as of year end. - Named Aaron Severs as Chief Product Officer to lead consumer product strategy, and spearhead development of a comprehensive B2C offering. - Launched tuition-free training programs for our clinicians, EMS workers and healthcare professionals to improve employee recruitment and retention efforts. The foregoing unaudited preliminary financial results represent the most current information available to DocGo and are based on calculations or figures prepared internally that have not yet been reviewed by DocGo’s independent registered public accounting firm. Actual fourth quarter and year-to-date financial results may be materially different from the preliminary results described above and are subject to the risk factors and uncertainties identified in this press release and in the filings with the Securities and Exchange Commission (SEC) made by DocGo. **About DocGo** DocGo is a leading provider of last-mile Mobile Health services and integrated medical mobility solutions. DocGo is disrupting the traditional four-wall healthcare system by providing care at the scale of humanity. DocGo's innovative technology and dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit [www.docgo.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.docgo.com&esheet=52570319&newsitemid=20220128005115&lan=en-US&anchor=www.docgo.com&index=2&md5=d3e07176f187f3f7af2b4eb88b0ceb33). **Cautionary Statement Regarding Preliminary Estimated Results** The financial results for DocGo’s fourth quarter ended December 31, 2021, are preliminary, unaudited and subject to finalization. They reflect DocGo management's current views and may change as a result of DocGo's further review of results and other factors, including a wide variety of significant business, economic and competitive risks and uncertainties. Such preliminary results should not be viewed as a substitute for full quarterly financial statements and accompanying footnotes prepared in accordance with GAAP. DocGo cautions you that these preliminary results are not guarantees of future performance or outcomes, and that actual results may differ materially from those described above. For more information regarding factors that could cause actual results to differ from those described above, please see "Cautionary Statement Regarding Forward-Looking Statements" below.The preliminary third quarter financial results have been prepared by, and are the responsibility of, DocGo's management. DocGo's independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary estimated financial information, and does not express an opinion or any other form of assurance with respect thereto. **Cautionary Statement Regarding Forward-Looking Statements** This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning DocGo. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, and (iii) other statements identified by words such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict" "project", "aim", "goal", "outlook", "guidance", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the company to comply with laws and regulations regarding data privacy and protection. We undertake no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise. **Non-GAAP Financial Measure**"GAAP" refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This announcement includes Adjusted EBITDA, a measure calculated other than in accordance with GAAP. This non-GAAP financial measure is provided in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP. DocGo defines Adjusted EBITDA as earnings before investment income, interest expense, taxes, depreciation, amortization, stock-based compensation, litigation provisions and merger-related expenses. Internally, this non-GAAP measure is used by management for purposes of evaluating DocGo's core operating performance, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts, strategic planning, evaluating and valuing potential acquisition candidates, and benchmarking performance externally against competitors. DocGo believes this non-GAAP financial information provides additional insight into our financial performance and future prospects of the company's core business and have therefore chosen to provide this information to investors to help them evaluate our results of operations and enhance the ability to make period-to-period comparisons. Other companies, including companies in our industry, may not use Adjusted EBITDA or may calculate it differently than as presented below, limiting Its usefulness as a comparative measure. In evaluating these non-GAAP measures, you should be aware that in the future we will incur expenses that are the same as or similar to some of the adjustments made in the calculations of Adjusted EBITDA and our presentation of it herein should not be construed to mean that our future results will be unaffected by such adjustments. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Reconciliation of Net Income to Adjusted EBITDA \\ \hline & & \\ \hline & Q4 & YTD \\ \hline & & 2020 & & 2021 & & & 2020 & & 2021 & \\ \hline Net income/(loss) (GAAP) & & -$4.4 & & $2.5 & & & -$14.8 & & $1.4 & \\ \hline (+) Net Interest/expense/ (income) & & -$0.2 & & $0.2 & & & $0.2 & & $1.0 & \\ \hline (+) Income tax & & $0.1 & & $0.3 & & & $0.2 & & $0.6 & \\ \hline (+) Depreciation & amortization & & $1.4 & & $2.2 & & & $5.4 & & $7.8 & \\ \hline & & & & & & & & & & \\ \hline EBITDA & & -$3.1 & & $5.2 & & & -$9.0 & & $10.8 & \\ \hline & & & & & & & & & & \\ \hline (+) Non-cash stock compensation & & $0.2 & & $0.1 & & & $0.7 & & $1.3 & \\ \hline (+) Non-recurring expense & & $0.0 & & $0.1 & & & $0.2 & & $0.9 & \\ \hline Adjusted EBITDA & & -$2.9 & & $5.4 & & & -$8.1 & & $13.0 & \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005115r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005115/en/](https://www.businesswire.com/news/home/20220128005115/en/) **Investors:**Steve Halper LifeSci Advisors 646-876-6455 [[email protected] ](mailto:[email protected]) [[email protected]](mailto:[email protected])**Media:**Natalie Weddle Crowe PR [[email protected] ](mailto:[email protected])(646) 916-5314 Source: DocGo
Date: 2022-01-28
Title: Monro Inc Shares Fall 2.8% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 2.8% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 13.3% year-to-date, down 13.3% over the past 12 months, and down 8.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 65.0% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 9.3% lower than its 5-day moving average, 13.5% lower than its 20-day moving average, and 16.7% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 60.4% - The company's stock price performance over the past 12 months lags the peer average by -139.9% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 171.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Olin (OLN) Lags Q4 Earnings Estimates
Article: Olin (OLN) came out with quarterly earnings of $2.41 per share, missing the Zacks Consensus Estimate of $2.53 per share. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.74%. A quarter ago, it was expected that this chlor-alkali and ammunition producer'would post earnings of $2.08 per share when it actually produced earnings of $2.38, delivering a surprise of 14.42%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Olin, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $2.43 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.47%. This compares to year-ago revenues of $1.65 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Olin shares have lost about 13.8% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Olin?**While Olin has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/OLN/earnings-calendar), the estimate revisions trend for Olin: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.20 on $2.21 billion in revenues for the coming quarter and $9.11 on $9.25 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Compass Minerals (CMP), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 8.This minerals producer is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of -30.7%. The consensus EPS estimate for the quarter has been revised 9% higher over the last 30 days to the current level.Compass Minerals' revenues are expected to be $353 million, down 16.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858719) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858719) [Olin Corporation (OLN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=OLN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858719) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858719) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858719/olin-oln-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858719) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Red Rock Resorts (RRR) to Report Q4 Earnings: What's in Store?
Article: **Red Rock Resorts, Inc.** [RRR](https://www.nasdaq.com/market-activity/stocks/rrr) is scheduled to report [fourth-quarter 2021 results](https://www.zacks.com/stock/research/RRR/earnings-calendar) on Feb 2, 2022, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 75.5%. **How are Estimates Placed?**The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 53 cents per share, indicating an improvement of 35.9% from 39 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $407.6 million. The metric suggests an increase of 18.7% from the year-ago quarter’s figure. **Red Rock Resorts, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise)[Red Rock Resorts, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise) | [Red Rock Resorts, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rrr) Let's take a look at how things have shaped up in the quarter. ******Factors at Play** Red Rock Resorts’ fourth-quarter performance is likely to have benefitted from solid Las Vegas operations. Attributes such as best-in-class assets and locations, unparallel distribution and scale along with a solid organic development pipeline are likely to have driven the company’s performance in the fourth quarter. Also, streamlining operations, optimizing marketing initiatives and renegotiating vendor and third-party agreements are likely to have stoked the numbers in the to-be-reported quarter. The Zacks Consensus Estimate for net revenues at Las Vegas operations is pegged at $399 million, suggesting growth of 26.3% from the prior-year quarter’s figures.Increased focus on casino gaming offerings (such as video poker, slot machines, table games, bingo and race and sports wagering) along with food and beverage is likely to have driven the top line in the fourth quarter. The Zacks Consensus Estimate for sales at casino and food and beverage and rooms is pegged at $275 million and $65 million, calling for year-over-year growth of 14.1% and 48.6%, respectively. The consensus mark for room revenues is pegged at $40.2 million, suggesting an increase of 107% from the prior-year quarter’s levels. Improved visitation as well as increased time on device and spend per visit is likely to have contributed to the company’s top line in the fourth quarter.However, increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects are likely to have dented the company’s earnings in fourth-quarter 2021. **What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Red Rock Resorts this time around. A stock needs to have a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here. **Earnings ESP:** Red Rock Resorts has an Earnings ESP of -2.86%. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank:** The company carries a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank)**Stocks Poised to Beat Earnings Estimates** Here are some stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:**Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox) has an Earnings ESP of +7.09% and a Zacks Rank #1.Shares of Crocs have gained 33.9% in the past year. CROX’s earnings topped the consensus mark in all the last four quarters, with the average being 41.6%. **Oxford Industries, Inc.** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) has an Earnings ESP of +2.97% and a Zacks Rank #1.Shares of Oxford Industries have gained 34.7% in the past year. OXM’s earnings topped the consensus mark thrice but missed the same on one occasion, with the average surprise being 96.7%. **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) has an Earnings ESP of +2.61% and a Zacks Rank #3.Shares of Boyd Gaming have gained 27.9% in the past year. BYD’s earnings topped the consensus mark in all of the trailing four quarters, with the average surprise being 56.4%.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RRR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859169/red-rock-resorts-rrr-to-report-q4-earnings-what-s-in-store?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169)
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-29
Title: fuboTV Inc Shares Close the Day 11.1% Higher - Daily Wrap
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today 11.1% higher than it did at the end of yesterday. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. Today, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.5%. **Trading Activity** - Shares traded as high as $10.73 and as low as $8.74 this week. - Shares closed 81.9% below its 52-week high and 12.6% above its 52-week low. - Trading volume this week was 11.2% lower than the 10-day average and 18.2% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 2.2% higher than its 5-day moving average, 22.3% lower than its 20-day moving average, and 53.7% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Results: Peoples Bancorp Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Article: The yearly results for **Peoples Bancorp Inc.** (NASDAQ:PEBO) were released last week, making it a good time to revisit its performance. Revenues were US$242m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$2.16, an impressive 23% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/327660-earnings-and-revenue-growth-1-dark/1643368864026) NasdaqGS:PEBO Earnings and Revenue Growth January 28th 2022After the latest results, the six analysts covering Peoples Bancorp are now predicting revenues of US$305.5m in 2022. If met, this would reflect a major 26% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 83% to US$3.14. In the lead-up to this report, the analysts had been modelling revenues of US$301.7m and earnings per share (EPS) of US$3.11 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.2% to US$40.17. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Peoples Bancorp at US$47.00 per share, while the most bearish prices it at US$36.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Peoples Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 26% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Peoples Bancorp is expected to grow much faster than its industry. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that in mind, we wouldn't be too quick to come to a conclusion on Peoples Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for Peoples Bancorp going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) However, before you get too enthused, we've discovered [1 warning sign for Peoples Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-pebo/peoples-bancorp?blueprint=1874864&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg2NDo4YzIzOGZmMzkyMTA3MTkz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: SCS
Security: Steelcase Inc.
Related Stocks/Topics: Unknown
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Stock Price 4 days before: 11.9988
Stock Price 2 days before: 12.4085
Stock Price 1 day before: 12.2649
Stock Price at release: 12.0241
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: NKLA
Security: Nikola Corporation
Related Stocks/Topics: TSLA|Stocks|RIVN|LCID|FSR
Title: TSLA, LCID, RIVN, FSR, NKLA: Why Are EV Stocks Down Today?
Type: News
Publication: InvestorPlace
Publication Author: Samuel O'Brient
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Yesterday brought an exciting update in the electric vehicle (EV) race. T** esla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) was [reporting results](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) for the final quarter of 2021 and interest was high. Elon Musk reported better-than-expected earnings and revenue and provided an updated project roadmap. In spite of all the good news, TSLA stock has been falling hard today and many of its EV peers have followed suit. In fact, every major U.S. EV producer is in the red today, a list that includes **Lucid** (NASDAQ: [LCID](https://investorplace.com/stock-quotes/lcid-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rivian** (NASDAQ: [RIVN](https://investorplace.com/stock-quotes/rivn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Fisker** (NYSE: [FSR](https://investorplace.com/stock-quotes/fsr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Nikola** (NASDAQ: [NKLA](https://investorplace.com/stock-quotes/nkla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This has been a bad day for EV stocks since markets opened and it hasn’t improved. [Electric vehicle logo painted on a blue street](https://investorplace.com/wp-content/uploads/2021/03/electric-vehicles-300x169.jpeg) Source: Shutterstock** Why Are EV Stocks Down Today?**The patterns demonstrated by all five EV stocks mentioned above look fairly similar. Indeed, each company began this morning on a high note but was quick to start falling. For all the attention it has received, though, TSLA stock’s decline is not the worst of the day. As of this writing, it is currently down 8.6% and shows no signs of a rebound.Not that any of these EV stocks do. LCID has fallen the most of the five, slipping more than 12% so far. RIVN is next on the list with decline of more than 9%. FSR isn’t doing much better. The only member of this EV pack that has faired better than Tesla so far is NKLA, whose loss for the day is just shy of 7%. **Why It Matters** For an industry’s whose rapid growth defined investing in 2021, declines of this sort are not encouraging. It’s also worth noting that this isn’t the first sign of such a downward trend. Earlier this week, we saw [several EV stocks plunge into the red](https://investorplace.com/2022/01/electric-vehicle-stocks-why-ev-plays-tsla-nio-rivn-lcid-and-xpev-are-falling-today/?utm_source=Nasdaq&utm_medium=referral), along with their Chinese peers **Nio** (NYSE: [NIO](https://investorplace.com/stock-quotes/nio-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Xpeng** (NYSE: [XPEV](https://investorplace.com/stock-quotes/xpev-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). InvestorPlace contributor William White attributed these declines to the negative momentum sweeping markets.That was three days ago, but sadly, not much has changed. TSLA stock rose yesterday as anticipation mounted for its [earnings call](https://www.nasdaq.com/market-activity/earnings) Now with the call behind us, there’s nothing to keep driving the enthusiasm that sometimes elevates markets in the short term. We all know that EV stocks follow the path of Tesla. Where the industry leader goes, they will follow. And right now, TSLA stock’s growth has stalled. Additionally, as InvestorPlace Assistant News Writer Eddie Pan [noted](https://investorplace.com/2022/01/rivian-stock-alert-why-is-rivn-leading-ev-stocks-down-today/?utm_source=Nasdaq&utm_medium=referral), Rivian’s Q3 reported earnings tell the story of a still-unprofitable company. At a quick glance, it’s easy to see the struggles of the EV sector and wonder about its profitability. To do so, though, would be to ignore the many catalysts that point toward growth in the year ahead. Both Tesla and Lucid have given investors plenty of reason to believe that they will continue [scaling production](https://investorplace.com/2022/01/production-growth-prospects-make-lcid-stock-worth-a-small-investment/?utm_source=Nasdaq&utm_medium=referral) in 2022, which is likely to drive sustainable growth. Fisker will also have the opportunity to rally as the hype surrounding its popular Ocean SUV continues to build. And investments in [EV infrastructure](https://investorplace.com/2022/01/lcid-and-rivn-stocks-will-benefit-from-this-emerging-electric-vehicle-trend/?utm_source=Nasdaq&utm_medium=referral) that we will see in 2022 are likely to boost both LCID and RIVN. **What It Means** The EV race has hit a roadblock, but 2022 is just getting started. There’s plenty of time for these companies to regain the momentum that they’ve temporarily lost. [EV demand](https://www.axios.com/electric-vehicle-sales-expected-surge-2022-91bee1e9-6d82-4da8-b254-27a61eef17a4.html) is still high and it is only growing. When the economic landscape improves, so will these companies. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [TSLA, LCID, RIVN, FSR, NKLA: Why Are EV Stocks Down Today?](https://investorplace.com/2022/01/tsla-lcid-rivn-fsr-nkla-why-are-ev-stocks-down-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 7.23693
Stock Price 2 days before: 7.70464
Stock Price 1 day before: 7.1621
Stock Price at release: 7.01135
Risk-Free Rate at release: 0.0004
| 7.8564 |
Broader Economic Information:
Date: 2022-01-28
Title: Why Plug Power Stock Is Plummeting This Week
Article: **What happened** Shares of **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug) are getting hit hard with sell-offs recently. The hydrogen technology company's stock was down roughly 12.4% since last week's market close as of 1:45 p.m. ET Friday, according to data from [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/).There doesn't appear to be any fresh, company-specific news sending the [hydrogen technologies](https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) specialist's shares lower this week, but it's not surprising to see the stock down double-digits at a time when investors have a mounting collection of risk factors to consider. Growth stocks have been hit with a veritable perfect storm of bearish catalysts lately, and Plug Power is losing ground in conjunction with negative market momentum. [A Power Plug fuel cell engine.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663515%2Fa-power-plug-fuel-cell-engine.jpg&w=700) Image source: Getty Images. **So what** Stocks kicked off the week with big sell-offs amid concerns that conflict could soon escalate between Ukraine and Russia, and the bearish hits kept coming. Subsequent confirmation from Federal Reserve Chairman Jerome Powell that the central bank will increase interest rates in the near future raised concerns that more substantial rate hikes could follow, and some large, growth-focused companies have also given investors worrying news lately.Last week, **Peloton** and **Netflix** published disappointing business updates and guidance that prompted far-reaching pullbacks for growth stocks, and **Tesla**'s fourth-quarter report arrived on Jan. 26 with another round of worrying guidance. The electric vehicle leader actually [beat the market's sales and earnings expectations in Q4](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c), but it won't be rolling out any new models this year due to ongoing supply chain issues.With Plug Power potentially facing its own supply constraint headwinds and a litany of other risk factors prompting investors to move out of growth-dependent stocks, the company's valuation has come under pressure. **Now what** It's been a rough week for Plug Power shareholders, but it wasn't all bad news. Susquehanna analyst Biju Perincheril published a note on Wednesday initiating coverage on Plug Power with a positive rating and a $26 one-year price target on the stock. As of this writing, that suggests roughly 40.5% upside on the stock. Perincheril said he expects that Plug Power will be able to post double-digit annual revenue growth through the next decade. There could be a massive market for the company's hydrogen fuel technologies, but the company's growth-dependent valuation predisposes the stock to big swings when volatility strikes the market.Plug Power now has a market capitalization of roughly $10.6 billion and is valued at approximately 11.7 times this year's expected sales. **10 stocks we like better than Plug Power** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c) for investors to buy right now... and Plug Power wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7e9d56f8-9ec3-4f05-9678-db1faa580fd0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPlug%2520Power&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=9733098a-18f2-44d6-abc4-f21f8c5c146c)*Stock Advisor returns as of January 10, 2022 [Keith Noonan](https://boards.fool.com/profile/TMFNoons/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix, Peloton Interactive, and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: First Week of March 11th Options Trading For Stitch Fix
Article: Investors in Stitch Fix Inc (Symbol: SFIX) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the SFIX options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $13.00 strike price has a current bid of $1.47. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $13.00, but will also collect the premium, putting the cost basis of the shares at $11.53 (before broker commissions). To an investor already interested in purchasing shares of SFIX, that could represent an attractive alternative to paying $14.16/share today. Because the $13.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 68%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SFIX&month=20220311&type=put&contract=13.00). Should the contract expire worthless, the premium would represent a 11.31% return on the cash commitment, or 98.27% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Stitch Fix Inc, and highlighting in green where the $13.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $17.50 strike price has a current bid of 87 cents. If an investor was to purchase shares of SFIX stock at the current price level of $14.16/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $17.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 29.73% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if SFIX shares really soar, which is why looking at the trailing twelve month trading history for Stitch Fix Inc, as well as studying the business fundamentals becomes important. Below is a chart showing SFIX's trailing twelve month trading history, with the $17.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $17.50 strike represents an approximate 24% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 75%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=SFIX&month=20220311&type=call&contract=17.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.14% boost of extra return to the investor, or 53.39% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 148%, while the implied volatility in the call contract example is 119%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $14.16) to be 78%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Date: 2022-01-28
Title: Red Rock Resorts (RRR) to Report Q4 Earnings: What's in Store?
Article: **Red Rock Resorts, Inc.** [RRR](https://www.nasdaq.com/market-activity/stocks/rrr) is scheduled to report [fourth-quarter 2021 results](https://www.zacks.com/stock/research/RRR/earnings-calendar) on Feb 2, 2022, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 75.5%. **How are Estimates Placed?**The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 53 cents per share, indicating an improvement of 35.9% from 39 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $407.6 million. The metric suggests an increase of 18.7% from the year-ago quarter’s figure. **Red Rock Resorts, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise)[Red Rock Resorts, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise) | [Red Rock Resorts, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rrr) Let's take a look at how things have shaped up in the quarter. ******Factors at Play** Red Rock Resorts’ fourth-quarter performance is likely to have benefitted from solid Las Vegas operations. Attributes such as best-in-class assets and locations, unparallel distribution and scale along with a solid organic development pipeline are likely to have driven the company’s performance in the fourth quarter. Also, streamlining operations, optimizing marketing initiatives and renegotiating vendor and third-party agreements are likely to have stoked the numbers in the to-be-reported quarter. The Zacks Consensus Estimate for net revenues at Las Vegas operations is pegged at $399 million, suggesting growth of 26.3% from the prior-year quarter’s figures.Increased focus on casino gaming offerings (such as video poker, slot machines, table games, bingo and race and sports wagering) along with food and beverage is likely to have driven the top line in the fourth quarter. The Zacks Consensus Estimate for sales at casino and food and beverage and rooms is pegged at $275 million and $65 million, calling for year-over-year growth of 14.1% and 48.6%, respectively. The consensus mark for room revenues is pegged at $40.2 million, suggesting an increase of 107% from the prior-year quarter’s levels. Improved visitation as well as increased time on device and spend per visit is likely to have contributed to the company’s top line in the fourth quarter.However, increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects are likely to have dented the company’s earnings in fourth-quarter 2021. **What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Red Rock Resorts this time around. A stock needs to have a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here. **Earnings ESP:** Red Rock Resorts has an Earnings ESP of -2.86%. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank:** The company carries a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank)**Stocks Poised to Beat Earnings Estimates** Here are some stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:**Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox) has an Earnings ESP of +7.09% and a Zacks Rank #1.Shares of Crocs have gained 33.9% in the past year. CROX’s earnings topped the consensus mark in all the last four quarters, with the average being 41.6%. **Oxford Industries, Inc.** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) has an Earnings ESP of +2.97% and a Zacks Rank #1.Shares of Oxford Industries have gained 34.7% in the past year. OXM’s earnings topped the consensus mark thrice but missed the same on one occasion, with the average surprise being 96.7%. **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) has an Earnings ESP of +2.61% and a Zacks Rank #3.Shares of Boyd Gaming have gained 27.9% in the past year. BYD’s earnings topped the consensus mark in all of the trailing four quarters, with the average surprise being 56.4%.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RRR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859169/red-rock-resorts-rrr-to-report-q4-earnings-what-s-in-store?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169)
Broader Industry Information:
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Broader Sector Information:
Date: 2022-01-28
Title: 7 Top Stocks With 10X Potential in 2022 For Your Portfolio
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Last year, [growth stocks](https://investorplace.com/2021/12/7-of-the-best-growth-stocks-to-buy-for-2022/?utm_source=Nasdaq&utm_medium=referral) performed significantly better than value stocks. The [markets have been volatile lately](https://www.cnbc.com/2022/01/19/stock-market-futures-open-to-close-news.html), but it seems like the trend is starting to favor value stocks. Recent data suggests that this change in momentum will accelerate over time. It is becoming more difficult to pick out top stocks for the new year in this environment. Investors are human and have biases. Some people like paying healthy dividends, while others may be growth-oriented, seeking rapidly expanding companies with potential for high returns on investment.Growth stocks offer a greater potential for future return, but they also carry an equal amount of risk. The main concern with these investments is that the growth you’ve seen won’t continue into your future — which means it’s important not only to consider what has happened so far when investing in them but how likely this company will be successful long-term too.The recent rise in borrowing costs has caused many investors to reevaluate their portfolios. This is especially true for those who trade on Wall Street, where the pressure isn’t thanks solely to material concerns about our economy or fears surrounding Covid-19 variants. Instead, many traders are convinced [the Federal Reserve is about to hike interest rates](https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15/) to combat inflation. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) That is leading to a sharp sell-off in growth stocks. Many of these companies are excellent prospects. Hence, it is the ideal time to invest in high-growth top stocks. They are down for now. But it is only a matter of time before they make their inevitable comeback. - **Nextdoor** (NYSE: [KIND](https://investorplace.com/stock-quotes/kind-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McDonald’s** (NYSE: [MCD](https://investorplace.com/stock-quotes/mcd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Caterpillar**(NYSE: [CAT](https://investorplace.com/stock-quotes/cat-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Park Hotels & Resorts** (NYSE: [PK](https://investorplace.com/stock-quotes/pk-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Salesforce** (NYSE: [CRM](https://investorplace.com/stock-quotes/crm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Beyond Meat** (NASDAQ: [BYND](https://investorplace.com/stock-quotes/bynd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Top Stocks: Nextdoor ([KIND](https://www.nasdaq.com/market-activity/stocks/KIND)))** [Image of the Nextdoor (<a href=](https://investorplace.com/wp-content/uploads/2021/11/kind-stock-1-300x169.jpg) KIND) app on an iPhone." width="300" height="169">Source: Tada Images / Shutterstock.comNextdoor is the herald for a new generation of neighborhood connectivity, [with 33 million active members across America](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/). The company went public through a [special purpose acquisition company (SPAC)](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) merger in 2021 and has seen unprecedented success ever since.Over the last decade, social media has permeated all our lives. There would be a few areas left where we do not see its impact. The relationship between social media and depression has been a topic of great debate. Some say that the use increases feelings such as loneliness, while others claim it makes people feel less isolated in their daily lives because they can share experiences online.Nextdoor is an interesting company looking to change the dynamic of how we use social media. It is an app that connects people in real-life neighborhoods with one another. The company provides private online networks for continued communication and updates about what’s happening near your house, helping build stronger communities. It’s a fast-growing company, expanding both locally and internationally.The third quarter [saw a 66% increase in revenue to $52.7 million](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/), and the average revenue per user increased 38% year over year to $1.61, with the majority of that increase coming from new users; the number of weekly active users (WAU) reached new heights this past quarter with a 20% year-over-year increase to 33 million. Like many social networks, Nextdoor deals with the same problems that plague platforms when they become huge. But now its position as one such service means it has more responsibility than ever before. However, with an experienced hand like [CEO Sarah Friar](https://www.linkedin.com/in/sarah-friar-922b044) at the helm, there is little cause for concern. Friar’s impressive resume includes six years as the CFO of Square and a stint as an analyst at Goldman Sachs. **McDonald’s Corp. ([MCD](https://www.nasdaq.com/market-activity/stocks/MCD)))** [MCD Stock: a McDonald's sign and logo on the side of a building](https://investorplace.com/wp-content/uploads/2019/09/mcd-stock-1600-6-300x169.jpg) Source: 8th.creator / Shutterstock.comMcDonald’s is a huge, global corporation that has been around for decades, and it still thrives today. It serves as an inspiration to many people worldwide because of its success. As such, it is perhaps one of the safest stocks out there, with consistent growth and dividend income. The global giant that is McDonald’s has [35,000 locations worldwide](https://hinative.com/es-MX/questions/18212204), and 93% of them are franchisees. This means they receive rent and royalty payments from their stores which insulated this company against any inflationary pressures.That puts McDonald’s in a great position. [The consumer price index increased at a 7% year-on-year pace last month](https://www.cnbc.com/2022/01/12/cpi-december-2021-.html), the largest increase since June 1982. Inflation is a real problem, and it is hitting home hard. Therefore, McDonald’s, traditionally seen as the food for budget-conscious consumers, will continue to thrive in this atmosphere. In an [earnings call](https://www.nasdaq.com/market-activity/earnings) McDonald’s reported a dramatic increase in profits this quarter because their menu prices have gone up while costs remained low. McDonald’s is doing a fine job of offsetting increased labor and commodity costs by raising prices on its menu.The company reported a fiscal third-quarter profit of $2.86 per share, up from last year’s figure of $2.35, and McDonald’s just announced that they are raising their forecast for systemwide sales growth in 2021. [The company’s net sales increased 14% to $6.2 billion in the quarter](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/Business.Q3-2021-results.html), surpassing expectations significantly. This is due largely to worldwide same-store sales growth of 12.7% from the year-ago period. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Despite the impressive performance and strong outlook, the stock was up just 22.1% last year. That means there is plenty of upside here that you can exploit. **Top Stocks: Caterpillar ([CAT](https://www.nasdaq.com/market-activity/stocks/CAT)))** [Image of a yellow construction vehicle with the Caterpillar (<a href=](https://investorplace.com/wp-content/uploads/2019/10/cat-stock-300x169.jpg) CAT) logo on it" width="300" height="169">Source: astudio / Shutterstock.comIn today’s world, few companies can match the size of Caterpillar. The firm is one in a select group to produce both construction and mining equipment on an international scale with operations all over our planet.Caterpillar is expected to have a profitable year, with its earnings and free cash flow projected at an all-time high. This will create significant value for investors due to the global economy whirring back to life. Even in America, things are looking up for Caterpillar. The [$1.2 trillion infrastructure bill](https://investorplace.com/smartmoney/2021/11/the-one-stock-to-buy-after-infrastructure-bill-gets-the-green-light/?utm_source=Nasdaq&utm_medium=referral) signed into law by President Joe Biden on Monday will bring new federal investments and create jobs over five years, touching everything from bridges to broadband internet systems with its promises of improved cities around America. The world’s largest construction equipment manufacturer will, naturally, benefit from these initiatives.In the third quarter of 2021, Caterpillar announced sales and revenues that had [grown by 25% compared with $9.9 billion in 2020](https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html). The revenue increased primarily due to demand for equipment and services at higher end-user levels driving the growth. Third-quarter profits were up significantly from last year, with a whopping $2.66 per share in profit for the quarter compared to just under two dollars back then. In addition, the company bought back $1.4 billion of shares and disbursed dividends totaling $0.6 billion. Shares were up 14.47% last year, with the stock trading at 17.12 times forward price-to-earnings. **Park Hotels & Resorts ([PK](https://www.nasdaq.com/market-activity/stocks/PK)))** [a Park Hotels & Resorts (<a href=](https://investorplace.com/wp-content/uploads/2019/07/PK1600-300x169.jpg) PK) branded destination" width="300" height="169">Source: ShutterstockPark Hotels & Resorts is one of the biggest hotel players, with properties all over America. It specializes in luxury goods and services for travelers at any price, from budget-friendly rates to five-star accommodations. The company was formed as an offshoot of [Hilton Worldwide back in 2017](https://www.pkhotelsandresorts.com/company/about-park). Hilton’s CEO, [Christopher Nassetta](https://www.linkedin.com/in/chrisnassetta), evaluated a corporate spin-off of their $13 billion real estate portfolio. This plan was part of Hilton’s strategy to move towards an “ [asset-light model](https://www.bu.edu/bhr/2021/05/31/asset-light-business-model-strategies-for-hotels-during-the-pandemic/),” which would enable rapid international growth and take advantage of the lack of taxes on REITs or real estate investment trusts — REITs have to [distribute at least 90%](https://www.sec.gov/files/reits.pdf) of their profits as dividends, or else they will lose tax-exempt status.Owing to the nature of the pandemic, it was only natural that the hotel industry would come under fire. Revenues fell sharply in 2020, leading to a substantial loss for the hotel REIT. The situation has improved remarkably in the latest few quarters. Third-quarter highlights include a strong, positive RevPAR number that shows the company is growing steadily and returning to profitability. Funds from operations (FFO) attributable to stockholders for the quarter was $5 million — [a 112.2% improvement from second-quarter numbers](https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2021/11-03-2021-201734881). - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) The hotel REIT focuses squarely on three major markets, [New York City, Chicago, and San Francisco](https://www.costar.com/article/507460491/hotel-industry-recovery-hinges-on-demand-from-business-travelers-groups), to power its comeback further. “I’ve been in New York three times in the last couple of weeks, and the city’s coming back to life, and it’s great to see,” CEO Thomas Baltimore Jr. said in November. Meanwhile, hotel occupancy in Chicago is still high despite the overall slow down. Corporate group bookings at Park’s hotels were about 83% of 2019 levels which amounts to around 168,000 room nights citywide. **Top Stocks: AT&T ([T](https://www.nasdaq.com/market-activity/stocks/T)))** [Sign of AT&T (<a href=](https://investorplace.com/wp-content/uploads/2021/11/shutterstock_1019880574-300x169.png) T) posted in a wooden wall" width="300" height="169">Source: Lester Balajadia / Shutterstock.comAT&T hasn’t gotten the love it deserves in the last year. In an unexpected move, AT&T announced that it plans — into their own company just a few short years after buying [Time Warner Inc for $108 billion](https://arstechnica.com/tech-policy/2021/05/att-to-spin-off-warnermedia-will-try-to-act-like-a-telecom-company-again/). AT&T announced that [they had signed a merger agreement](https://about.att.com/story/2021/warnermedia_discovery.html) with **Discovery** (NASDAQ: [DISCA](https://investorplace.com/stock-quotes/disca-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). The two companies will now share some of their assets as part of this deal and create one “standalone global entertainment company.” As a result of the agreement, [AT&T would receive a cool $43 billion](https://about.att.com/story/2021/warnermedia_discovery.html#:~:text=Under%20the%20terms%20of%20the,representing%2071%25%20of%20the%20new) in the all-stock transaction that it will use to reduce debt and invest in broadband.AT&T plans to spend $24 billion on capital expenditures in 2022. This investment will go toward 5G and fiber broadband networks. That comes as a welcome change because the telecommunications giant could not focus squarely on this space in the last few years. AT&T [plans to cover 200 million people](https://www.cnet.com/tech/mobile/verizon-and-at-ts-c-band-5g-upgrade-from-airports-to-rollouts-the-latest-on-what-you-need-to-know/) with its 5G C-band network by year-end 2023, and they are investing to reach 30 million customer locations this coming 2025.Management cut AT&T’s dividend by half last year, but the company assured investors that it would still pay out an annual distribution. However, following cutting the payout, the company will lose its [Dividend Aristocrats status](https://investorplace.com/2022/01/3-dividend-aristocrats-yielding-over-4/?utm_source=Nasdaq&utm_medium=referral). Hence, many AT&T shareholders are left wondering whether they should keep investing in the stock moving forward. AT&T’s debt load is set to decrease after they shed some of their most lucrative divisions and use the proceeds and the savings from the dividend cut, making them more competitive with **T-Mobile** (NASDAQ: [TMUS](https://investorplace.com/stock-quotes/tmus-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Verizon** (NYSE: [VZ](https://investorplace.com/stock-quotes/vz-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). **Salesforce (CRM)** [A hand with pink painted fingernails holds a Salesforce (CRM) sticker.](https://investorplace.com/wp-content/uploads/2019/07/crm1600-300x169.jpg) Source: Bjorn Bakstad / Shutterstock.com Salesforce offers excellent customer service and helps businesses improve their marketing strategy with its powerful applications. They provide CRM (customer relationship management) services for both individual consumers and small companies and enterprise software. CRM’s software helps businesses organize and handle sales operations while also managing customer relationships.The Salesforce ecosystem and community are growing, which means that CRM functionality is expanding too. One way to increase their acquisition rates is by acquiring new companies within this space as they come along with valuable skillsets or experiences — something else important for reaching scale. Salesforce is a company that provides “ [360-degree view of customer](https://www.scnsoft.com/services/salesforce/demo-customer-profile)” services.It is the perfect alternative to **Adobe** (NASDAQ: [ADBE](https://investorplace.com/stock-quotes/adbe-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Oracle** (NYSE: [ORCL](https://investorplace.com/stock-quotes/orcl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), and **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Salesforce competitors provide various components that make them stand out from the rest and offer an excellent way to manage all aspects of customers’ needs. Salesforce has [made some of the biggest acquisitions in recent years](https://www.salesforce.com/news/stories/salesforce-acquisitions/), including Slack for $27.7 billion, Tableau at $15.7 billion, and Mulesoft for $6.5 billion. The Salesforce empire has always been about more than just CRM. They’ve used their acquisition strategy to integrate innovative technologies into the platform, which benefits every customer with exciting new features and functionality that they can’t get anywhere else. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) However, Salesforce is not doing so well recently. The stock continued its downward spiral following a new omicron coronavirus variant and a tech-specific sell-off in December. But that means a quality business with a wide moat is available at a discount. **Top Stocks: Beyond Meat (BYND)** [bynd stock](https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-3-300x169.jpg) Source: Shutterstock Beyond Meat is a company that produces plant-based substitutes for beef, pork, and poultry. The company aims to help reduce pollution from these industries while also helping people live healthier lives by eating more vegetarian meals themselves or providing them access at affordable prices. Last year, Beyond launched its [new line of chicken in Canadian and U.S restaurants](https://vegnews.com/2021/7/vegan-beyond-meat-chicken-tenders) and grocery stores across North America.Nevertheless, the stock has not done well in the last six months. That is because of sluggish sales and muted forecasts. Beyond is a company that thrives on retail sales. The [segment generates 74%](https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html) of its total revenue, while foodservice accounts for 26%. Analysts believe the key for the company is to produce their product at a lower cost to battle McDonald’s.But the value proposition is there. Millennials and Generation Z believe in a healthier diet. That leads to marketers and businesses honing on any area that could lead to a healthy lifestyle. Beyond Meat will do well in this environment.On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faizan Farooque is a contributing author for [InvestorPlace.com](http://investorplace.com/) and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. You can check out his analysis on InvestorPlace and TipRanks. The post [7 Top Stocks With 10X Potential in 2022 For Your Portfolio](https://investorplace.com/2022/01/7-top-stocks-with-10x-potential-in-2022-kind-mcd-cat-pk-t-crm-bynd/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2021 Financial Results
Article: ALEXANDRIA, La., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2021. Net income for the fourth quarter of 2021 was $8.5 million, or $1.17 per diluted common share ("EPS"), an increase of $372,000, or 4.6%, compared to $8.1 million, or $1.12 EPS, for the third quarter of 2021, and an increase of $1.2 million, or 17.2%, compared to $7.3 million, or $0.99 EPS, for the fourth quarter of 2020. For the fourth quarter of 2021, the quarterly return on assets was 1.09% and the quarterly return on equity was 11.33%. Net income for the year ended December 31, 2021, was $33.0 million, or $4.51 EPS, an increase of $4.8 million, or 17.1%, compared to $28.1 million, or $3.83 EPS, for the year ended December 31, 2020. For the year ended December 31, 2021, the return on assets was 1.13% and the return on equity was 11.21%. **Fourth Quarter and Year-End 2021 Performance and Operational Highlights** In the fourth quarter of 2021, the Company had robust deposit and asset growth, solid earnings, and a continued high level of liquidity. The Company began providing banking services in New Orleans, Louisiana, our newest market, through a combined loan and deposit production office ("LPO/DPO"). The Company also finalized a large private stock repurchase that completed the stock repurchase program announced on August 31, 2021. The fourth quarter of 2021 began with a declining trend of COVID-19 cases and hospitalizations in the Louisiana markets served by Red River Bank. However, as a result of the emergence of the Omicron variant in December 2021, the number of cases and hospitalizations increased toward the end of the quarter. Economic activity in Louisiana remained relatively stable, although the economy is still impacted by supply chain disruptions and labor shortages. - Net income for the fourth quarter of 2021 was $8.5 million, $372,000 higher than the prior quarter, primarily due to higher net interest income, partially offset by higher personnel expenses. - Assets increased $203.9 million in the fourth quarter of 2021 to $3.22 billion as of December 31, 2021, primarily driven by a $205.8 million increase in deposits. The deposit growth was largely the result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. - Net interest income for the fourth quarter of 2021 was $18.8 million, $666,000 higher than the prior quarter. This increase was primarily due to deploying funds into loans and securities. - Personnel expenses for the fourth quarter of 2021 were $8.4 million, $406,000 higher than the prior quarter. This increase was primarily due to adding new staff in connection with our expansion in new and existing markets. - There was $196,000 of nonrecurring gains on sales of properties in the fourth quarter of 2021. - Red River Bank is participating in the Small Business Administration ("SBA") Paycheck Protection Program ("PPP"). As of December 31, 2021, PPP loans were $17.6 million, net of $626,000 of deferred income, or 1.0% of loans held for investment ("HFI"). In the fourth quarter of 2021, forgiveness payments on PPP loans resulted in a $28.4 million decrease in PPP loans, net of deferred fees. PPP loan income for the fourth quarter of 2021 was $1.2 million, $155,000 lower than the prior quarter. PPP loan income for 2021 was $5.8 million, compared to $5.6 million for 2020. - As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021. The growth in non-PPP loans HFI was a result of new loans in New Orleans, our newest market, and increased loan activity in other markets. - Nonperforming assets ("NPA(s)") decreased $1.4 million in the fourth quarter and were $979,000, or 0.03% of assets as of December 31, 2021. As of December 31, 2021, the allowance for loan losses ("ALL") was $19.2 million, or 1.14% of loans HFI and 1.15%(1) of non-PPP loans HFI (non-GAAP). - We paid a quarterly cash dividend of $0.07 per common share. - In the third quarter of 2021, the board of directors renewed a stock repurchase program, authorizing the Company to purchase up to $5.0 million of outstanding shares of common stock between September 1, 2021 and August 31, 2022. In accordance with this stock repurchase program, in the fourth quarter of 2021 we entered into a privately-negotiated stock repurchase agreement and repurchased 96,245 shares of our common stock for $4.9 million. As a result of this transaction, the Company has purchased the full amount authorized by this stock repurchase program. - In the fourth quarter of 2021, as part of our continued Louisiana market expansion plan, we began operations in our newest market, New Orleans, Louisiana. We have hired a New Orleans market president and seven additional New Orleans bankers. On December 6, 2021, we opened an LPO/DPO in downtown New Orleans and began providing banking services in this new market. - In our Acadiana market, renovations have been completed on a new banking center location that we purchased in 2020. This location opened as the first Red River Bank full-service banking center in Lafayette, Louisiana on January 26, 2022. Red River Bank also has an LPO/DPO in the Acadiana market. Blake Chatelain, President and Chief Executive Officer, stated, "The fourth quarter of 2021 resulted in robust balance sheet growth, consistent performance, improved asset quality, continued execution of our organic growth plans, and a significant stock buyback transaction. "Deposits and assets increased significantly in the fourth quarter of 2021 due to customers maintaining higher deposit balances and the seasonal inflow of public entity funds. Loan growth faced headwinds with loan paydowns and payoffs; however, these challenges were offset by lending opportunities in our newer markets and our lenders' calling activity. This activity resulted in a 5.7% increase in non-PPP loans in the fourth quarter of 2021. "In December 2021, we opened an LPO/DPO in the New Orleans downtown business district, and our bankers are seeing steady activity already. In addition to a team of eight local bankers hired for the New Orleans market, we were pleased to add an additional, experienced commercial lender in our Northshore market. "In our Acadiana market, we were excited to have opened our first full-service banking center in Lafayette in January 2022. "As a result of having the stock buyback program, we were able to repurchase a large block of shares in a privately-negotiated transaction. This transaction utilized all of the funds in the existing stock repurchase program. We expect to execute a new stock repurchase program in the first quarter of 2022, subject to board approval and market conditions. "We are saddened by the loss of our longtime friend and founding director of the Company and the Bank, Barry Hines, who passed away in late December 2021. Barry made tremendous contributions to the Company and the Bank, and his wit, wisdom, counsel, and love of life will be greatly missed. "As we begin 2022, I want to recognize the Red River Bank team members who made 2021 a successful year. They worked tirelessly through many challenges to take care of our customers and to continue to build a strong, solid, community bank focused on building shareholder value. Also, on behalf of the Red River Bancshares, Inc. board of directors, I want to thank our shareholders for their loyalty, enthusiasm, and support over the years. We look forward to continued success in 2022 and beyond." **Net Interest Income and Net Interest Margin FTE** Net interest income increased and the net interest margin fully tax equivalent ("FTE") decreased for the fourth quarter of 2021 when compared to the prior quarter. These measures were both impacted by a continued high level of liquidity and the continued low interest rate environment. Net interest income for the fourth quarter of 2021 was $18.8 million, which was $666,000, or 3.7%, higher than the third quarter of 2021, due to a $633,000 increase in interest and dividend income and a $33,000 decrease in interest expense. The increase in interest and dividend income was primarily due to an increase in non-PPP loan income and an increase in securities income, partially offset by a decrease in PPP loan income. Non-PPP loan income increased $577,000 due to a $69.7 million increase in the average balance of non-PPP loans, partially offset by lower rates on new and renewed non-PPP loans. Securities income increased $192,000 due to a higher average balance of securities resulting from investing short-term liquid assets into securities, partially offset by the impact of lower yields compared to the prior quarter. PPP loan income decreased $155,000 due to a lower average balance of PPP loans outstanding and lower fees recognized to income on PPP loans. Interest expense decreased in the fourth quarter of 2021 as a result of our third quarter adjustment to rates, which impacted new and renewing time deposits, partially offset by an increase in the average balance of interest-bearing transaction deposits. The net interest margin FTE decreased eight basis points ("bp(s)") to 2.52% for the fourth quarter of 2021, compared to 2.60% for the prior quarter. Contributing to this decrease was an increase in the average balance of short-term liquid assets, an 11 bp decrease in the yield on securities, and a three bp decrease in the yield on non-PPP loans. Average short-term liquid assets were $701.0 million, which was $68.7 million, or 10.9%, higher than the prior quarter and 23.4% of average earning assets. In the fourth quarter of 2021, on a stand-alone basis, this level of liquidity had a 73 bp dilutive impact to the net interest margin FTE. The yield on securities decreased because we reallocated funds from short-term liquid assets yielding 0.14% into securities yielding 0.99%, which was a lower yield than the existing portfolio. The net interest margin FTE for the fourth quarter of 2021 benefited from an increase in PPP loan yield and a seven bp decrease in the rate on time deposits as a result of our third quarter adjustment to deposit rates, which impacted new and renewing time deposits. Average PPP loans outstanding, net of deferred income, for the fourth quarter of 2021 were $29.2 million, which was $34.0 million lower than the prior quarter. During the fourth quarter we received $29.6 million in SBA forgiveness and borrower repayments on PPP loans, compared to $37.7 million in the prior quarter. PPP loans have a 1.0% interest rate, and PPP loan origination fees are recorded to interest income over the loan term, or until the loans are forgiven by the SBA or repaid by the borrower. When PPP loan forgiveness payments or borrower payments are received in full, the remaining portion of origination fees are recorded to income. For the fourth quarter of 2021, PPP loan interest and fees totaled $1.2 million, resulting in a 16.46% yield, compared to $1.4 million in interest and fees and an 8.57% yield for the prior quarter. The decrease in PPP loan income was primarily due to a lower amount of PPP loans forgiven by the SBA in the fourth quarter of 2021 than in the third quarter. The increase in PPP loan yield was primarily due to forgiving loans with higher origination fee percentages in the fourth quarter of 2021 when compared to the prior quarter. As of December 31, 2021, deferred PPP fees were $626,000. Excluding PPP loan income, net interest income (non-GAAP) for the fourth quarter of 2021 was $17.6 million,(1) which was $821,000, or 4.9%, higher than the third quarter of 2021. Also, with PPP loans excluded for the fourth quarter of 2021, the yield on non-PPP loans (non-GAAP) was 3.90%,(1) and the net interest margin FTE (non-GAAP) was 2.38%(1). For the fourth quarter of 2021, PPP loans had a 23 bp accretive impact to the yield on loans and a 14 bp accretive impact to the net interest margin FTE. The Federal Open Market Committee is expected to raise the target federal funds rate several times in 2022. Our balance sheet is asset sensitive, and historically, our deposit interest rates have adjusted more slowly than the change in the federal funds rate. As of December 31, 2021, floating rate loans were 15.0% of loans HFI, and floating rate transaction deposits were 4.4% of interest-bearing transaction deposits. Dependent upon balance sheet activity and excluding PPP loans, we expect an increasing rate environment to have a positive effect on our net interest income and net interest margin FTE in 2022. **Provision for Loan Losses** The provision for loan losses for the fourth quarter of 2021 was $150,000, which was consistent with the prior quarter provision. The economic activity in Louisiana remained relatively consistent, and our asset quality metrics improved in both quarters. Provision expense was $1.9 million for 2021, compared to $6.3 million for 2020. The provision for loan losses was higher in 2020 due to economic pressures relating to the COVID-19 pandemic. **Noninterest Income** Noninterest income totaled $5.7 million for the fourth quarter of 2021, an increase of $29,000, or 0.5%, compared to $5.6 million for the previous quarter. The increase was mainly due to gains on sales of properties, partially offset by lower mortgage loan income and reduced income from a Small Business Investment Company ("SBIC") limited partnership of which Red River Bank is a member. Other income for the fourth quarter of 2021 was $214,000, compared to a net loss of $14,000 for the third quarter of 2021. In the fourth quarter of 2021, other real estate owned ("OREO") properties and a bank property were sold, resulting in a nonrecurring $196,000 net gain on sale. In the third quarter of 2021, a $34,000 valuation reduction was recorded on an OREO property. Mortgage loan income totaled $1.7 million for the fourth quarter of 2021, a decrease of $103,000, or 5.8%, compared to $1.8 million for the third quarter of 2021. This decrease was primarily the result of seasonal, reduced mortgage loan demand. SBIC income for the fourth quarter of 2021 was $38,000, a decrease of $98,000, or 72.1%, from the prior quarter due to lower operating income being distributed by the SBIC. **Operating Expenses** Operating expenses for the fourth quarter of 2021 totaled $14.0 million, an increase of $332,000, or 2.4%, compared to $13.7 million for the previous quarter. This increase was mainly due to higher personnel expenses, partially offset by lower loan and deposit expenses and lower technology expenses. Personnel expenses totaled $8.4 million for the fourth quarter of 2021, up $406,000, or 5.1%, from the third quarter of 2021. This increase was due to adding new staff in expansion markets in the fourth quarter of 2021, combined with a lower COVID-19 payroll benefit resulting from the expiration of employer credits under the Families First Coronavirus Response Act on September 30, 2021. Loan and deposit expenses totaled $243,000 for the fourth quarter of 2021, a decrease of $82,000, or 25.2%, from the previous quarter. This decrease was a result of the transition to a new appraisal tracking system in the second quarter of 2021, which temporarily increased loan expenses in the third quarter of 2021. The new, digital appraisal system has improved the efficiency of our appraisal process. Technology expenses totaled $667,000 for the fourth quarter of 2021, a decrease of $67,000, or 9.1%, from the previous quarter. This decrease was due to $35,000 of nonrecurring expenses in the third quarter of 2021 related to opening a new banking center in Lake Charles, as well as lower communication expenses in the fourth quarter of 2021 resulting from a more favorable contract with a communications service provider. **Asset Overview** As of December 31, 2021, assets totaled $3.22 billion, which was $203.9 million, or 6.8%, higher than $3.02 billion as of September 30, 2021. This increase was primarily due to a $205.8 million increase in deposits in the fourth quarter. Loans HFI increased $61.2 million, or 3.8%, in the fourth quarter of 2021. Because deposit growth exceeded loan growth, excess funds were deployed into securities and interest-bearing deposits in other banks. Securities available-for-sale increased $91.0 million to $659.2 million and were 21.1% of earning assets as of December 31, 2021. Interest-bearing deposits in other banks increased $67.8 million to $761.7 million and were 24.4% of earning assets as of December 31, 2021. The loans HFI to deposits ratio was 57.86% as of December 31, 2021, compared to 59.99% as of September 30, 2021. Assets excluding PPP loans, net of deferred income (non-GAAP) as of December 31, 2021, totaled $3.21 billion,(1) an increase of $232.3 million, or 7.8%, from $2.97 billion(1) as of September 30, 2021. The non-PPP loans HFI to deposits ratio (non-GAAP) was 57.25%(1) as of December 31, 2021, compared to 58.29%(1) as of September 30, 2021. **Loans** Loans HFI as of December 31, 2021, were $1.68 billion, an increase of $61.2 million, or 3.8%, from September 30, 2021. As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021, due to new loan activity in New Orleans, our newest market, and increased activity in other markets. Red River Bank began participating in the SBA PPP in the second quarter of 2020. Through December 31, 2021, we had received $198.6 million in SBA forgiveness and borrower payments on 99.9% of the PPP First Draw loans originated and $40.6 million in SBA forgiveness and borrower payments on 78.7% of the PPP Second Draw loans originated. As of December 31, 2021, PPP loans totaled $17.6 million, net of $626,000 of deferred income, and were 1.0% of loans HFI. Our health care loans are made up of a diversified portfolio of health care providers. As of December 31, 2021, total health care credits were 8.3% of non-PPP loans HFI (non-GAAP), nursing and residential care loans were 3.6% of non-PPP loans HFI (non-GAAP), and loans to physician and dental practices were 4.6% of non-PPP loans HFI (non-GAAP). The average loan size of health care credits was $295,000. On March 5, 2021, it was announced that certain U.S. Dollar London Interbank Offered Rate ("LIBOR") rates would cease to be published after June 30, 2023. As of December 31, 2021, 3.6% of our non-PPP loans HFI (non-GAAP) were LIBOR-based with a setting that expires June 30, 2023. Alternative rate language is present in each credit agreement with a LIBOR-based rate. We do not anticipate any issues with transitioning each loan to a non-LIBOR-based rate. **Asset Quality and Allowance for Loan Losses** NPAs totaled $979,000 as of December 31, 2021, down $1.4 million, or 59.7%, from September 30, 2021, primarily due to the payoff and charge-off of nonaccrual loans. The ratio of NPAs to total assets improved to 0.03% as of December 31, 2021, from 0.08% as of September 30, 2021. As of December 31, 2021, the ALL was $19.2 million. The ratio of ALL to loans HFI was 1.14% as of December 31, 2021, and 1.18% as of September 30, 2021. The ratio of ALL to non-PPP loans HFI (non-GAAP) was 1.15%(1) as of December 31, 2021, and 1.22%(1) as of September 30, 2021. The net charge-off ratio was 0.01% for the fourth quarter of 2021 and 0.03% for the third quarter of 2021. **Deposits** Deposits as of December 31, 2021, were $2.91 billion, an increase of $205.8 million, or 7.6%, compared to September 30, 2021. Average deposits for the fourth quarter of 2021 were $2.79 billion, an increase of $188.6 million, or 7.3%, from the prior quarter. This increase was primarily a result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. Noninterest-bearing deposits totaled $1.15 billion as of December 31, 2021, up $6.0 million, or 0.5%, from September 30, 2021. As of December 31, 2021, noninterest-bearing deposits were 39.50% of total deposits. Interest-bearing deposits totaled $1.76 billion as of December 31, 2021, up $199.8 million, or 12.8%, compared to September 30, 2021. **Stockholders’ Equity** Total stockholders’ equity decreased to $298.2 million as of December 31, 2021, from $298.7 million as of September 30, 2021. The $538,000 decrease in stockholders’ equity during the fourth quarter of 2021 was attributed to the repurchase of 96,245 shares of our common stock for $4.9 million, a $3.7 million, net of tax, market adjustment to accumulated other comprehensive income related to securities available-for-sale, and $502,000 in cash dividends, partially offset by $8.5 million of net income, and $63,000 of stock compensation. We paid a quarterly cash dividend of $0.07 per share on December 16, 2021. **Non-GAAP Disclosure** Our accounting and reporting policies conform to United States generally accepted accounting principles ("GAAP") and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission's ("SEC") rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S. Management and the board of directors review tangible book value per share and tangible common equity to tangible assets, and PPP-adjusted metrics as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that are discussed may differ from that of other companies reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures. A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. **About Red River Bancshares, Inc.** The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 27 banking centers throughout Louisiana and two combined loan and deposit production offices, one each in Lafayette, Louisiana and New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; and Acadiana, which includes the Lafayette MSA. **Forward-Looking Statements** Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement. Contact:Isabel V. Carriere, CPA, CGMAExecutive Vice President and Chief Financial Officer318-561-4023 [[email protected]](https://www.globenewswire.com/Tracker?data=_qyhkaXlbi0Y7J8DsiMuhPVtx5kPQzocm60W8kJnTEpQQQVGnGWCultL9S6SbF-ew3tJjmnnVm7YnPzUd9MVdsUFR5VfZaGmQJdAEbsnEpUGwMtyK3erDC4Wo2Qr0bS-) (1) Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline FINANCIAL HIGHLIGHTS (UNAUDITED) \\ \hline \\ \hline & As of and for theThree Months Ended & & As of and for theYear Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & & September 30,2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline Net Income & $ & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 & \\ \hline & & & & & & & & & \\ \hline Per Common Share Data: & & & & & & & & & \\ \hline Earnings per share, basic & $ & 1.18 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.53 & & & $ & 3.84 & \\ \hline Earnings per share, diluted & $ & 1.17 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.51 & & & $ & 3.83 & \\ \hline Book value per share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & & & $ & 41.52 & & & $ & 38.97 & \\ \hline Tangible book value per share(1) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & & & $ & 41.31 & & & $ & 38.76 & \\ \hline Cash dividends per share & $ & 0.07 & & & $ & 0.07 & & & $ & 0.06 & & & $ & 0.28 & & & $ & 0.24 & \\ \hline Shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & & & & 7,180,155 & & & & 7,325,333 & \\ \hline Weighted average shares outstanding, basic & & 7,229,324 & & & & 7,278,192 & & & & 7,325,333 & & & & 7,281,136 & & & & 7,322,158 & \\ \hline Weighted average shares outstanding, diluted & & 7,247,277 & & & & 7,294,011 & & & & 7,343,859 & & & & 7,299,720 & & & & 7,345,045 & \\ \hline & & & & & & & & & \\ \hline Summary Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.09 & % & & & 1.11 & % & & & 1.13 & % & & & 1.13 & % & & & 1.22 & % \\ \hline Return on average equity & & 11.33 & % & & & 10.83 & % & & & 10.23 & % & & & 11.21 & % & & & 10.39 & % \\ \hline Net interest margin & & 2.46 & % & & & 2.54 & % & & & 3.01 & % & & & 2.54 & % & & & 3.09 & % \\ \hline Net interest margin FTE & & 2.52 & % & & & 2.60 & % & & & 3.08 & % & & & 2.60 & % & & & 3.14 & % \\ \hline Efficiency ratio & & 57.33 & % & & & 57.61 & % & & & 53.66 & % & & & 56.39 & % & & & 55.77 & % \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % & & & 57.86 & % & & & 67.87 & % \\ \hline Noninterest-bearing deposits to deposits ratio & & 39.50 & % & & & 42.29 & % & & & 40.32 & % & & & 39.50 & % & & & 40.32 & % \\ \hline Noninterest income to average assets & & 0.72 & % & & & 0.77 & % & & & 0.97 & % & & & 0.84 & % & & & 1.00 & % \\ \hline Operating expense to average assets & & 1.79 & % & & & 1.86 & % & & & 2.08 & % & & & 1.87 & % & & & 2.22 & % \\ \hline & & & & & & & & & \\ \hline Summary Credit Quality Ratios: & & & & & & & & & \\ \hline Nonperforming assets to total assets & & 0.03 & % & & & 0.08 & % & & & 0.16 & % & & & 0.03 & % & & & 0.16 & % \\ \hline Nonperforming loans to loans HFI & & 0.02 & % & & & 0.09 & % & & & 0.21 & % & & & 0.02 & % & & & 0.21 & % \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % & & & 1.14 & % & & & 1.13 & % \\ \hline Net charge-offs to average loans & & 0.01 & % & & & 0.03 & % & & & 0.06 & % & & & 0.04 & % & & & 0.14 & % \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Total stockholders' equity to total assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % & & & 9.25 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (1) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % & & & 9.20 & % & & & 10.75 & % \\ \hline Total risk-based capital to risk-weighted assets & & 17.83 & % & & & 18.74 & % & & & 18.68 & % & & & 17.83 & % & & & 18.68 & % \\ \hline Tier 1 risk-based capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Common equity Tier 1 capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Tier 1 risk-based capital to average assets & & 9.67 & % & & & 10.21 & % & & & 10.92 & % & & & 9.67 & % & & & 10.92 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED BALANCE SHEETS (UNAUDITED) \\ \hline \\ \hline (in thousands) & December 31, 2021 & & September 30,2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 23,143 & & & $ & 36,614 & & & $ & 33,728 & & & $ & 36,856 & & & $ & 29,537 & \\ \hline Interest-bearing deposits in other banks & & 761,721 & & & & 693,950 & & & & 633,744 & & & & 566,144 & & & & 417,664 & \\ \hline Securities available-for-sale & & 659,178 & & & & 568,199 & & & & 512,012 & & & & 515,942 & & & & 498,206 & \\ \hline Equity securities & & 7,846 & & & & 7,920 & & & & 3,961 & & & & 3,951 & & & & 4,021 & \\ \hline Nonmarketable equity securities & & 3,450 & & & & 3,449 & & & & 3,449 & & & & 3,447 & & & & 3,447 & \\ \hline Loans held for sale & & 4,290 & & & & 8,782 & & & & 12,291 & & & & 18,449 & & & & 29,116 & \\ \hline Loans held for investment & & 1,683,832 & & & & 1,622,593 & & & & 1,600,388 & & & & 1,602,086 & & & & 1,588,446 & \\ \hline Allowance for loan losses & & (19,176 & ) & & & (19,168 & ) & & & (19,460 & ) & & & (19,377 & ) & & & (17,951 & ) \\ \hline Premises and equipment, net & & 48,056 & & & & 47,432 & & & & 47,414 & & & & 46,950 & & & & 46,924 & \\ \hline Accrued interest receivable & & 6,245 & & & & 5,927 & & & & 6,039 & & & & 6,460 & & & & 6,880 & \\ \hline Bank-owned life insurance & & 28,061 & & & & 27,886 & & & & 27,710 & & & & 22,546 & & & & 22,413 & \\ \hline Intangible assets & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & \\ \hline Right-of-use assets & & 3,743 & & & & 3,847 & & & & 3,950 & & & & 4,053 & & & & 4,154 & \\ \hline Other assets & & 12,775 & & & & 11,807 & & & & 11,704 & & & & 11,619 & & & & 8,231 & \\ \hline Total Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & \\ \hline Noninterest-bearing deposits & $ & 1,149,672 & & & $ & 1,143,693 & & & $ & 1,031,486 & & & $ & 1,015,350 & & & $ & 943,615 & \\ \hline Interest-bearing deposits & & 1,760,676 & & & & 1,560,890 & & & & 1,538,113 & & & & 1,499,925 & & & & 1,396,745 & \\ \hline Total Deposits & & 2,910,348 & & & & 2,704,583 & & & & 2,569,599 & & & & 2,515,275 & & & & 2,340,360 & \\ \hline Accrued interest payable & & 1,310 & & & & 1,340 & & & & 1,432 & & & & 1,699 & & & & 1,774 & \\ \hline Lease liabilities & & 3,842 & & & & 3,943 & & & & 4,042 & & & & 4,138 & & & & 4,233 & \\ \hline Accrued expenses and other liabilities & & 11,060 & & & & 12,230 & & & & 10,479 & & & & 14,649 & & & & 10,789 & \\ \hline Total Liabilities & & 2,926,560 & & & & 2,722,096 & & & & 2,585,552 & & & & 2,535,761 & & & & 2,357,156 & \\ \hline COMMITMENTS AND CONTINGENCIES & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline STOCKHOLDERS' EQUITY & & & & & & & & & \\ \hline Preferred stock, no par value & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Common stock, no par value & & 60,233 & & & & 65,130 & & & & 65,934 & & & & 67,093 & & & & 68,055 & \\ \hline Additional paid-in capital & & 1,814 & & & & 1,751 & & & & 1,692 & & & & 1,638 & & & & 1,545 & \\ \hline Retained earnings & & 239,876 & & & & 231,868 & & & & 224,240 & & & & 216,511 & & & & 208,957 & \\ \hline Accumulated other comprehensive income (loss) & & (3,773 & ) & & & (61 & ) & & & 1,058 & & & & (331 & ) & & & 6,921 & \\ \hline Total Stockholders' Equity & & 298,150 & & & & 298,688 & & & & 292,924 & & & & 284,911 & & & & 285,478 & \\ \hline Total Liabilities and Stockholders' Equity & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) \\ \hline & & & & & & & & & \\ \hline & For the Three Months Ended & & For the Year Ended \\ \hline (in thousands) & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & & \\ \hline Interest and fees on loans & $ & 17,415 & & & $ & 16,993 & & & $ & 18,605 & & & $ & 67,923 & & & $ & 69,228 \\ \hline Interest on securities & & 2,412 & & & & 2,220 & & & & 1,834 & & & & 8,660 & & & & 7,601 \\ \hline Interest on federal funds sold & & 21 & & & & 20 & & & & 28 & & & & 88 & & & & 207 \\ \hline Interest on deposits in other banks & & 226 & & & & 202 & & & & 58 & & & & 658 & & & & 322 \\ \hline Dividends on stock & & 1 & & & & 7 & & & & 1 & & & & 10 & & & & 20 \\ \hline Total Interest and Dividend Income & & 20,075 & & & & 19,442 & & & & 20,526 & & & & 77,339 & & & & 77,378 \\ \hline INTEREST EXPENSE & & & & & & & & & \\ \hline Interest on deposits & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,362 \\ \hline Interest on other borrowed funds & & — & & & & — & & & & — & & & & — & & & & 16 \\ \hline Total Interest Expense & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,378 \\ \hline Net Interest Income & & 18,775 & & & & 18,109 & & & & 18,661 & & & & 71,722 & & & & 69,000 \\ \hline Provision for loan losses & & 150 & & & & 150 & & & & 2,675 & & & & 1,900 & & & & 6,293 \\ \hline Net Interest Income After Provision for Loan Losses & & 18,625 & & & & 17,959 & & & & 15,986 & & & & 69,822 & & & & 62,707 \\ \hline NONINTEREST INCOME & & & & & & & & & \\ \hline Service charges on deposit accounts & & 1,318 & & & & 1,258 & & & & 1,107 & & & & 4,775 & & & & 4,108 \\ \hline Debit card income, net & & 1,071 & & & & 1,094 & & & & 1,011 & & & & 4,415 & & & & 3,641 \\ \hline Mortgage loan income & & 1,667 & & & & 1,770 & & & & 2,679 & & & & 8,676 & & & & 8,398 \\ \hline Brokerage income & & 806 & & & & 851 & & & & 598 & & & & 3,297 & & & & 2,324 \\ \hline Loan and deposit income & & 457 & & & & 413 & & & & 361 & & & & 1,738 & & & & 1,701 \\ \hline Bank-owned life insurance income & & 175 & & & & 176 & & & & 143 & & & & 648 & & & & 568 \\ \hline Gain (Loss) on equity securities & & (75 & ) & & & (41 & ) & & & (11 & ) & & & (175 & ) & & & 85 \\ \hline Gain (Loss) on sale and call of securities & & 1 & & & & — & & & & 93 & & & & 194 & & & & 1,441 \\ \hline SBIC income & & 38 & & & & 136 & & & & 207 & & & & 654 & & & & 775 \\ \hline Other income (loss) & & 214 & & & & (14 & ) & & & 5 & & & & 271 & & & & 126 \\ \hline Total Noninterest Income & & 5,672 & & & & 5,643 & & & & 6,193 & & & & 24,493 & & & & 23,167 \\ \hline OPERATING EXPENSES & & & & & & & & & \\ \hline Personnel expenses & & 8,362 & & & & 7,956 & & & & 8,089 & & & & 32,449 & & & & 31,160 \\ \hline Occupancy and equipment expenses & & 1,424 & & & & 1,412 & & & & 1,367 & & & & 5,443 & & & & 5,106 \\ \hline Technology expenses & & 667 & & & & 734 & & & & 680 & & & & 2,810 & & & & 2,542 \\ \hline Advertising & & 230 & & & & 282 & & & & 216 & & & & 921 & & & & 933 \\ \hline Other business development expenses & & 280 & & & & 283 & & & & 238 & & & & 1,169 & & & & 1,020 \\ \hline Data processing expense & & 537 & & & & 528 & & & & 493 & & & & 1,982 & & & & 1,905 \\ \hline Other taxes & & 498 & & & & 527 & & & & 425 & & & & 2,082 & & & & 1,733 \\ \hline Loan and deposit expenses & & 243 & & & & 325 & & & & 244 & & & & 1,016 & & & & 1,052 \\ \hline Legal and professional expenses & & 493 & & & & 453 & & & & 554 & & & & 1,683 & & & & 2,141 \\ \hline Regulatory assessment expenses & & 268 & & & & 251 & & & & 201 & & & & 933 & & & & 538 \\ \hline Other operating expenses & & 1,014 & & & & 933 & & & & 829 & & & & 3,767 & & & & 3,276 \\ \hline Total Operating Expenses & & 14,016 & & & & 13,684 & & & & 13,336 & & & & 54,255 & & & & 51,406 \\ \hline Income Before Income Tax Expense & & 10,281 & & & & 9,918 & & & & 8,843 & & & & 40,060 & & & & 34,468 \\ \hline Income tax expense & & 1,771 & & & & 1,780 & & & & 1,582 & & & & 7,108 & & & & 6,323 \\ \hline Net Income & & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,654,711 & & & $ & 17,415 & & 4.13 & % & & $ & 1,619,019 & & & $ & 16,993 & & 4.11 & % & & $ & 1,635,103 & & & $ & 18,605 & & 4.47 & % \\ \hline Securities - taxable & & 423,724 & & & & 1,347 & & 1.27 & % & & & 340,045 & & & & 1,181 & & 1.39 & % & & & 303,689 & & & & 873 & & 1.15 & % \\ \hline Securities - tax-exempt & & 210,263 & & & & 1,065 & & 2.03 & % & & & 203,046 & & & & 1,039 & & 2.05 & % & & & 169,621 & & & & 961 & & 2.27 & % \\ \hline Federal funds sold & & 55,342 & & & & 21 & & 0.15 & % & & & 52,589 & & & & 20 & & 0.15 & % & & & 80,175 & & & & 28 & & 0.14 & % \\ \hline Interest-bearing balances due from banks & & 645,627 & & & & 226 & & 0.14 & % & & & 579,698 & & & & 202 & & 0.14 & % & & & 239,953 & & & & 58 & & 0.09 & % \\ \hline Nonmarketable equity securities & & 3,449 & & & & 1 & & 0.10 & % & & & 3,448 & & & & 7 & & 0.81 & % & & & 3,446 & & & & 1 & & 0.13 & % \\ \hline Total interest-earning assets & & 2,993,116 & & & $ & 20,075 & & 2.64 & % & & & 2,797,845 & & & $ & 19,442 & & 2.73 & % & & & 2,431,987 & & & $ & 20,526 & & 3.32 & % \\ \hline Allowance for loan losses & & (19,164 & ) & & & & & & & (19,343 & ) & & & & & & & (16,653 & ) & & & & \\ \hline Noninterest-earning assets & & 130,268 & & & & & & & & 135,697 & & & & & & & & 131,220 & & & & & \\ \hline Total assets & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Liabilities and Stockholders’ Equity \\ \hline Interest-bearing liabilities: \\ \hline Interest-bearing transaction deposits & $ & 1,310,430 & & & $ & 410 & & 0.12 & % & & $ & 1,210,605 & & & $ & 384 & & 0.13 & % & & $ & 983,992 & & & $ & 610 & & 0.25 & % \\ \hline Time deposits & & 341,445 & & & & 890 & & 1.03 & % & & & 342,872 & & & & 949 & & 1.10 & % & & & 333,575 & & & & 1,255 & & 1.50 & % \\ \hline Total interest-bearing deposits & & 1,651,875 & & & & 1,300 & & 0.31 & % & & & 1,553,477 & & & & 1,333 & & 0.34 & % & & & 1,317,567 & & & & 1,865 & & 0.56 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & — & & & & — & & — & % & & & — & & & & — & & — & % \\ \hline Total interest-bearing liabilities & & 1,651,875 & & & $ & 1,300 & & 0.31 & % & & & 1,553,477 & & & $ & 1,333 & & 0.34 & % & & & 1,317,567 & & & $ & 1,865 & & 0.56 & % \\ \hline Noninterest-bearing liabilities: \\ \hline Noninterest-bearing deposits & & 1,136,342 & & & & & & & & 1,046,139 & & & & & & & & 927,123 & & & & & \\ \hline Accrued interest and other liabilities & & 18,050 & & & & & & & & 16,570 & & & & & & & & 19,468 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,154,392 & & & & & & & & 1,062,709 & & & & & & & & 946,591 & & & & & \\ \hline Stockholders’ equity & & 297,953 & & & & & & & & 298,013 & & & & & & & & 282,396 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Net interest income & & $ & 18,775 & & & & & & $ & 18,109 & & & & & & $ & 18,661 & & \\ \hline Net interest spread & & & & 2.33 & % & & & & & & 2.39 & % & & & & & & 2.76 & % \\ \hline Net interest margin & & & & 2.46 & % & & & & & & 2.54 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & 2.52 & % & & & & & & 2.60 & % & & & & & & 3.08 & % \\ \hline Cost of deposits & & & & 0.18 & % & & & & & & 0.20 & % & & & & & & 0.33 & % \\ \hline Cost of funds & & & & 0.17 & % & & & & & & 0.19 & % & & & & & & 0.31 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020. \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,654,711 & & $ & 17,415 & & & 4.13 & % & & $ & 1,619,019 & & $ & 16,993 & & & 4.11 & % & & $ & 1,635,103 & & $ & 18,605 & & & 4.47 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & & & & \\ \hline Average & & 29,191 & & & & & & & 63,205 & & & & & & & 161,109 & & & & \\ \hline Interest & & & & 76 & & & & & & & & 166 & & & & & & & & 419 & & & \\ \hline Fees & & & & 1,136 & & & & & & & & 1,201 & & & & & & & & 2,604 & & & \\ \hline Total PPP loans, net & & 29,191 & & & 1,212 & & & 16.46 & % & & & 63,205 & & & 1,367 & & & 8.57 & % & & & 161,109 & & & 3,023 & & & 7.45 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,625,520 & & $ & 16,203 & & & 3.90 & % & & $ & 1,555,814 & & $ & 15,626 & & & 3.93 & % & & $ & 1,473,994 & & $ & 15,582 & & & 4.14 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 18,775 & & & & & & & $ & 18,109 & & & & & & & $ & 18,661 & & & \\ \hline PPP loan income & & & & (1,212 & ) & & & & & & & (1,367 & ) & & & & & & & (3,023 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 17,563 & & & & & & & $ & 16,742 & & & & & & & $ & 15,638 & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & & & & \\ \hline Net interest spread & & 2.19 & % & & & & & & 2.26 & % & & & & & & 2.47 & % \\ \hline Net interest margin & & 2.33 & % & & & & & & 2.40 & % & & & & & & 2.70 & % \\ \hline Net interest margin FTE(3) & & 2.38 & % & & & & & & 2.46 & % & & & & & & 2.77 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,621,606 & & & $ & 67,923 & & 4.14 & % & & $ & 1,587,351 & & & $ & 69,228 & & 4.30 & % \\ \hline Securities - taxable & & 344,913 & & & & 4,493 & & 1.30 & % & & & 287,591 & & & & 4,598 & & 1.60 & % \\ \hline Securities - tax-exempt & & 202,255 & & & & 4,167 & & 2.06 & % & & & 128,416 & & & & 3,003 & & 2.34 & % \\ \hline Federal funds sold & & 66,934 & & & & 88 & & 0.13 & % & & & 67,328 & & & & 207 & & 0.30 & % \\ \hline Interest-bearing balances due from banks & & 552,501 & & & & 658 & & 0.12 & % & & & 129,090 & & & & 322 & & 0.25 & % \\ \hline Nonmarketable equity securities & & 3,448 & & & & 10 & & 0.28 & % & & & 2,842 & & & & 20 & & 0.71 & % \\ \hline Total interest-earning assets & & 2,791,657 & & & $ & 77,339 & & 2.74 & % & & & 2,202,618 & & & $ & 77,378 & & 3.47 & % \\ \hline Allowance for loan losses & & (19,155 & ) & & & & & & & (15,192 & ) & & & & \\ \hline Noninterest-earning assets & & 132,611 & & & & & & & & 125,028 & & & & & \\ \hline Total assets & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Liabilities and Stockholders’ Equity & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & \\ \hline Interest-bearing transaction deposits & $ & 1,210,796 & & & $ & 1,648 & & 0.14 & % & & $ & 877,836 & & & $ & 2,824 & & 0.32 & % \\ \hline Time deposits & & 341,746 & & & & 3,969 & & 1.16 & % & & & 333,260 & & & & 5,538 & & 1.66 & % \\ \hline Total interest-bearing deposits & & 1,552,542 & & & & 5,617 & & 0.36 & % & & & 1,211,096 & & & & 8,362 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & 4,664 & & & & 16 & & 0.35 & % \\ \hline Total interest-bearing liabilities & & 1,552,542 & & & $ & 5,617 & & 0.36 & % & & & 1,215,760 & & & $ & 8,378 & & 0.69 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & \\ \hline Noninterest-bearing deposits & & 1,041,238 & & & & & & & & 807,528 & & & & & \\ \hline Accrued interest and other liabilities & & 17,507 & & & & & & & & 18,192 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,058,745 & & & & & & & & 825,720 & & & & & \\ \hline Stockholders’ equity & & 293,826 & & & & & & & & 270,974 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Net interest income & & & $ & 71,722 & & & & & & $ & 69,000 & & \\ \hline Net interest spread & & & & & 2.38 & % & & & & & & 2.78 & % \\ \hline Net interest margin & & & & & 2.54 & % & & & & & & 3.09 & % \\ \hline Net interest margin FTE(3) & & & & & 2.60 & % & & & & & & 3.14 & % \\ \hline Cost of deposits & & & & & 0.22 & % & & & & & & 0.41 & % \\ \hline Cost of funds & & & & & 0.20 & % & & & & & & 0.38 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the year ended December 31, 2021 and 2020. \\ \hline & \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,621,606 & & $ & 67,923 & & & 4.14 & % & & $ & 1,587,351 & & $ & 69,228 & & & 4.30 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & \\ \hline Average & & 77,222 & & & & & & & 127,410 & & & & \\ \hline Interest & & & & 809 & & & & & & & & 1,351 & & & \\ \hline Fees & & & & 4,964 & & & & & & & & 4,211 & & & \\ \hline Total PPP loans, net & & 77,222 & & & 5,773 & & & 7.46 & % & & & 127,410 & & & 5,562 & & & 4.35 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,544,384 & & $ & 62,150 & & & 3.97 & % & & $ & 1,459,941 & & $ & 63,666 & & & 4.29 & % \\ \hline & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 71,722 & & & & & & & $ & 69,000 & & & \\ \hline PPP loan income & & & & (5,773 & ) & & & & & & & (5,562 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 65,949 & & & & & & & $ & 63,438 & & & \\ \hline & & & & & & & & & & & \\ \hline & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & \\ \hline Net interest spread & & & & & 2.25 & % & & & & & & 2.72 & % \\ \hline Net interest margin & & & & & 2.40 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & & 2.46 & % & & & & & & 3.07 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) \\ \hline \\ \hline (dollars in thousands, except per share data) & December 31,2021 & & September 30,2021 & & December 31,2020 \\ \hline Tangible common equity & & & & & \\ \hline Total stockholders' equity & $ & 298,150 & & & $ & 298,688 & & & $ & 285,478 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible common equity (non-GAAP) & $ & 296,604 & & & $ & 297,142 & & & $ & 283,932 & \\ \hline Common shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & \\ \hline Book value per common share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & \\ \hline Tangible book value per common share (non-GAAP) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & \\ \hline & & & & & \\ \hline Tangible assets & & & & & \\ \hline Total assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible assets (non-GAAP) & $ & 3,223,164 & & & $ & 3,019,238 & & & $ & 2,641,088 & \\ \hline Total stockholders' equity to assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (non-GAAP) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % \\ \hline & & & & & \\ \hline Non-PPP loans HFI & & & & & \\ \hline Loans HFI & $ & 1,683,832 & & & $ & 1,622,593 & & & $ & 1,588,446 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Non-PPP loans HFI (non-GAAP) & $ & 1,666,282 & & & $ & 1,576,631 & & & $ & 1,469,999 & \\ \hline & & & & & \\ \hline Assets excluding PPP loans, net & & & & & \\ \hline Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Assets excluding PPP loans, net (non-GAAP) & $ & 3,207,160 & & & $ & 2,974,822 & & & $ & 2,524,187 & \\ \hline & & & & & \\ \hline Allowance for loan losses & $ & 19,176 & & & $ & 19,168 & & & $ & 17,951 & \\ \hline Deposits & $ & 2,910,348 & & & $ & 2,704,583 & & & $ & 2,340,360 & \\ \hline & & & & & \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % \\ \hline Non-PPP loans HFI to deposits ratio (non-GAAP) & & 57.25 & % & & & 58.29 & % & & & 62.81 & % \\ \hline & & & & & \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % \\ \hline Allowance for loan losses to non-PPP loans HFI (non-GAAP) & & 1.15 & % & & & 1.22 & % & & & 1.22 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc0NCM0Njk3NjU1IzUwMDA4MDU0MQ==) [Image](https://ml.globenewswire.com/media/MjhkMTg2ZDItZWMzOS00OTYwLWJhNjAtMTBlOWY4ZGI5NTgxLTUwMDA4MDU0MQ==/tiny/Red-River-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cba984bb-ea6e-474b-8770-ae98472d150d) Source: Red River Bancshares, Inc.
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Date: 2022-01-28
Title: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend
Article: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Title: 7 Hidden-Gem Stocks to Buy for the Long-Term
Type: News
Publication: InvestorPlace
Publication Author: Faisal Humayun
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (<a href=](https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg) FNKO)." width="300" height="169">Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 16.7567
Stock Price 2 days before: 16.3248
Stock Price 1 day before: 15.9444
Stock Price at release: 16.706
Risk-Free Rate at release: 0.0004
| 17.3315 |
Broader Economic Information:
Date: 2022-01-28
Title: Epizyme (EPZM) Stock Dives on Public Offering of Common Stock
Article: **Epizyme** [EPZM](https://www.nasdaq.com/market-activity/stocks/epzm) announced that it is floating a secondary issue of 56,666,667 shares of its common stock to the public at an issue price of $1.50 per share (excluding underwriting discounts), approximately amounting to $85 million.EPZM also granted an option to underwriters of the issue to purchase an additional 8.5 million shares at the same price. Epizyme plans to use the net proceeds from this new issue combined with its existing cash balance to fund the clinical studies (both ongoing and planned) of its pipeline candidates. The studies include the confirmatory studies evaluating tazemetostat for follicular lymphoma (FL) and epithelioid sarcoma (ES) indications and the basket studies evaluating tazemetostat across multiple new types of hematological malignancies and solid tumors.EPZM will also use the funds from the proceeds to accelerate the commercial adoption of Tazverik. In 2020, tazemetostat was granted an approval by the FDA under an accelerated pathway to treat ES and FL indications. Tazemetostat is marketed by Epizyme under the trade name Tazverik, which is currently the only FDA-approved drug in the company’s portfolio of marketed drugs.Epizyme will also use the proceeds to expand its pipeline and for its general corporate purposes, including working capital requirements.Shares of Epizyme plummeted 44.2% on Jan 27 after the announcement. The fall in share price was likely attributable to the issuance of a large number of shares, which dilutes Epizyme’s current shareholder base. Per an SEC filing by EPZM, its common stock outstanding as of Dec 31, 2021, is approximately 106 million. Notably, the secondary issue accounts for the issuance of the common stock, which is more than half of this figure. Moreover, the issue price per share of $1.50 also did not go well with investors. As a matter of fact, the issue price is at a 21% discount to the closing price on Jan 26, wherein the stock closed at $1.90.Epizyme’s stock has plunged 90.7% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-biomedical-and-genetics-105)’s 39.7% decline. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/fd/16830.jpg?v=2115749523) Image Source: Zacks Investment ResearchThe secondary offering is expected to close on Jan 31, 2021.We note that while the equity issue could not cheer investors, it does give a boost to Epizyme’s existing cash balance. Earlier this month, EPZM provided some information on its financial guidance for 2022. It expects the current cash runway to extend into fourth-quarter 2022, after taking into account the expected adjusted operating expenses for the current year. Operating expenses are estimated in the range of $170-$190 million.Apart from tazemetostat, Epizyme has another pipeline candidate, EZM0414, an oral SETD2 inhibitor, which is being evaluated in a phase I/Ib study for relapsed/refractory multiple myeloma and diffuse large B-cell lymphoma indications. **Epizyme, Inc. Price** [](https://www.zacks.com/stock/chart/EPZM/fundamental/price?icid=chart-EPZM-fundamental/price)[Epizyme, Inc. price](https://www.zacks.com/stock/chart/EPZM/fundamental/price?icid=chart-EPZM-fundamental/price) | [Epizyme, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/epzm) **Zacks Rank & Stocks to Consider** Epizyme currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the biotech sector are **Alkermes** [ALKS](https://www.nasdaq.com/market-activity/stocks/alks), **Axsome Therapeutics** [AXSM](https://www.nasdaq.com/market-activity/stocks/axsm) and **Vir Biotechnology** [VIR](https://www.nasdaq.com/market-activity/stocks/vir). While Alkermes and Vir Biotechnology each sport a Zacks Rank #1 (Strong Buy) at present, Axsome Therapeutics currently carries a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Alkermes’ earnings per share estimates for 2022 have increased from 70 cents to 71 cents in the past 60 days. Shares of Alkermes have risen 15.9% in the past year.Earnings of Alkermes beat estimates in all the last four quarters, the average being 147%.Axsome Therapeutics’ loss per share estimates for 2022 have narrowed from $3.67 to $3.64 in the past 60 days.Earnings of Axsome Therapeutics beat estimates in three of the last four quarters while the same missed the mark on one occasion, the average surprise being 0.6%. Vir Biotechnology’s bottom-line estimates for 2022 have been revised from a loss of 47 cents per share to earnings of $6.82 in the past 60 days.Earnings of Vir Biotechnology beat estimates in two of the last four quarters, missing the mark on the other two occasions, the average surprise being 13%. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_256_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Alkermes plc (ALKS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALKS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Epizyme, Inc. (EPZM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EPZM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Axsome Therapeutics, Inc. (AXSM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AXSM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Vir Biotechnology, Inc. (VIR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VIR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_256&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859344/epizyme-epzm-stock-dives-on-public-offering-of-common-stock?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_medical_sector-1859344) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: Dana Passes Through 2% Yield Mark
Article: Looking at the universe of stocks we cover at [Dividend Channel](https://www.dividendchannel.com/), in trading on Friday, shares of Dana Inc (Symbol: DAN) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.4), with the stock changing hands as low as $19.96 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Dana Inc (Symbol: DAN) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dana Inc, looking at the history chart for DAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.[DAN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which 9 other dividend stocks just recently went on sale »](https://www.dividendchannel.com/slideshows/ten-stocks-more-yield/)
Date: 2022-01-28
Title: This Move Could Save AMC Hundreds of Millions in Expenses
Article: **AMC Entertainment Holdings** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) has had a roller-coaster couple of years dealing with extreme ups and downs, many directly related to the pandemic. A recent move by management was made in the hopes of getting the theater chain back on track and heading upwards.AMC management has been dealing with a decline in attendance at its movie theaters for years. The issue was severely exacerbated in 2020 when its theaters were forced to close their doors for several months in response to concerns about the spread of COVID-19. [A group of people watching a movie in a movie theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662848%2Fgettyimages-688782978.jpg&w=700) Image source: Getty Images. Fortunately for AMC, the company's plight gained the interest of a group of retail traders who brought about the meme stock frenzy of 2021. AMC's share prices skyrocketed as it got caught up in the craze. Management smartly took advantage of the [elevated stock price](https://www.fool.com/investing/2021/12/17/amc-stock-buy-sell-or-hold-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) to issue new shares and raise much-needed cash.Now, management is looking to deploy that cash in a way that could save the theater chain hundreds of millions in expenses per year. **AMC has over $5.2 billion in long-term debt** According to The Wall Street Journal, AMC is in advanced talks to pay down some of its high-interest debt. In addition to selling shares to raise cash during the pandemic, AMC borrowed billions of dollars at interest rates exceeding 10%. Already, in the nine months ended Sept. 30, AMC has incurred interest expenses of $328.3 million, an increase of 40% from the $233.7 million during the same period the year prior.That's weighing heavily on a company that barely managed [$727.6 million in revenue](https://www.fool.com/investing/2022/01/17/amc-good-news-stock-price-expensive/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) in the same nine-month period. In other words, AMC's interest expenses are 45% of revenue so far in fiscal year 2021. Overall, it had $5.2 billion in long-term debt as of Sept. 30. Of that total, $1.95 billion is for loans due in 2026 bearing only 3.1% interest, a rate that management likely considers more manageable. Management's focus is on the over $2.9 billion in debt with interest rates between 10.5% and 17%. Those loans, with principal due between 2023 and 2026, generate the bulk of the company's interest expense. As of Sept. 30, AMC had $1.6 billion in cash and equivalents on its balance sheet. Other than meeting its near-term financial obligations, it's hard to imagine a better use of that cash than paying down high-interest debt.Still, the move might not go over well with AMC shareholders. They balked at the idea of allowing management to raise more equity by authorizing an increased share count, a move that would have indeed served the company well when its stock price was at its low point. The shareholders seem more excited about [moonshot ideas](https://www.fool.com/investing/2021/11/17/amc-management-trying-cryptocurrency-nft/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for AMC, like issuing non-fungible tokens (NFTs), forays into cryptocurrency, and such. Practical moves like paying down debt and reducing expenses are less enticing. **AMC's stock is already down 41% in 2022**Management has worked diligently during the pandemic, balancing the company's practical needs and maintaining shareholder interest. After all, without the billions infused by equity sales to enthusiastic investors, AMC would not have the luxury to consider paying down debt early. So it might be just as much in the company's interest for management to consider shareholders' impractical ideas as it would be to consider paying down debt.Still, the stock price is [down 41% year to date in 2022](https://www.fool.com/investing/2021/12/31/3-reasons-to-sell-amc-stock-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) as enthusiasm for the meme stock wanes. That could be why management finds this an opportune time to look after the company's practical needs with the cash it has on hand. The prospect of raising billions more through [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) sales seems like an opportunity that will realistically be available to AMC again. **10 stocks we like better than AMC Entertainment Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: This Move Could Save AMC Hundreds of Millions in Expenses
Article: **AMC Entertainment Holdings** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) has had a roller-coaster couple of years dealing with extreme ups and downs, many directly related to the pandemic. A recent move by management was made in the hopes of getting the theater chain back on track and heading upwards.AMC management has been dealing with a decline in attendance at its movie theaters for years. The issue was severely exacerbated in 2020 when its theaters were forced to close their doors for several months in response to concerns about the spread of COVID-19. [A group of people watching a movie in a movie theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662848%2Fgettyimages-688782978.jpg&w=700) Image source: Getty Images. Fortunately for AMC, the company's plight gained the interest of a group of retail traders who brought about the meme stock frenzy of 2021. AMC's share prices skyrocketed as it got caught up in the craze. Management smartly took advantage of the [elevated stock price](https://www.fool.com/investing/2021/12/17/amc-stock-buy-sell-or-hold-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) to issue new shares and raise much-needed cash.Now, management is looking to deploy that cash in a way that could save the theater chain hundreds of millions in expenses per year. **AMC has over $5.2 billion in long-term debt** According to The Wall Street Journal, AMC is in advanced talks to pay down some of its high-interest debt. In addition to selling shares to raise cash during the pandemic, AMC borrowed billions of dollars at interest rates exceeding 10%. Already, in the nine months ended Sept. 30, AMC has incurred interest expenses of $328.3 million, an increase of 40% from the $233.7 million during the same period the year prior.That's weighing heavily on a company that barely managed [$727.6 million in revenue](https://www.fool.com/investing/2022/01/17/amc-good-news-stock-price-expensive/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) in the same nine-month period. In other words, AMC's interest expenses are 45% of revenue so far in fiscal year 2021. Overall, it had $5.2 billion in long-term debt as of Sept. 30. Of that total, $1.95 billion is for loans due in 2026 bearing only 3.1% interest, a rate that management likely considers more manageable. Management's focus is on the over $2.9 billion in debt with interest rates between 10.5% and 17%. Those loans, with principal due between 2023 and 2026, generate the bulk of the company's interest expense. As of Sept. 30, AMC had $1.6 billion in cash and equivalents on its balance sheet. Other than meeting its near-term financial obligations, it's hard to imagine a better use of that cash than paying down high-interest debt.Still, the move might not go over well with AMC shareholders. They balked at the idea of allowing management to raise more equity by authorizing an increased share count, a move that would have indeed served the company well when its stock price was at its low point. The shareholders seem more excited about [moonshot ideas](https://www.fool.com/investing/2021/11/17/amc-management-trying-cryptocurrency-nft/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for AMC, like issuing non-fungible tokens (NFTs), forays into cryptocurrency, and such. Practical moves like paying down debt and reducing expenses are less enticing. **AMC's stock is already down 41% in 2022**Management has worked diligently during the pandemic, balancing the company's practical needs and maintaining shareholder interest. After all, without the billions infused by equity sales to enthusiastic investors, AMC would not have the luxury to consider paying down debt early. So it might be just as much in the company's interest for management to consider shareholders' impractical ideas as it would be to consider paying down debt.Still, the stock price is [down 41% year to date in 2022](https://www.fool.com/investing/2021/12/31/3-reasons-to-sell-amc-stock-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) as enthusiasm for the meme stock wanes. That could be why management finds this an opportune time to look after the company's practical needs with the cash it has on hand. The prospect of raising billions more through [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) sales seems like an opportunity that will realistically be available to AMC again. **10 stocks we like better than AMC Entertainment Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e) for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e2baf7f1-3eb3-4afd-9fa3-2739680cc962&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAMC%2520Entertainment%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1b55510e-8c12-4950-bf83-a7ccca52867e)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Patria Announces Fourth Quarter & Full Year 2021 Investor Call
Article: GRAND CAYMAN, Cayman Islands, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the fourth quarter and full year 2021 on Tuesday, February 15, 2022, and host a conference call via public webcast at 9:00 a.m. ET. To register, please use the following link: [https://edge.media-server.com/mmc/p/3p5zkkz4](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZpZdxcKgxBGEl27tHbhD_MECR8gC8f0sFlQCkRQRkjbXJ6ErplYDJzLmBNct-yGXYuzQLfySasksc6cJ6e9JquYvlUdQ575-OWwl-6eb1F7PqNT4Oafu3x8sjQCxdRt7vQ==) For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at [https://ir.patria.com/](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZi-z7qb0Db9HC_4f__OznIJjtCdZMjOCj5FXLmJbs5FUdtEj0sZTKFznfd1FvRJoFatJg9a0R37VA67NV6BPpZI=). Patria distributes its earnings releases via its website and email lists. Those interested in firm updates can sign up to receive Patria press releases via email at [https://ir.patria.com/ir-resources/email-alerts](https://www.globenewswire.com/Tracker?data=AbkeVbIDDzHyqcnTOYFZZi-z7qb0Db9HC_4f__OznIJCfoDE6Wb0EgXnFsg1lSJf-o2zOXe8_-Kaeo8HmM1C6THIfxnYK4Sf6Ad0ORex2BfJp8BvqpcyqVk544ry9bIrZDuCAMCncaae0Y_wT1aaegcauKXjCETSXzp9CUWQuMg=). About Patria Patria is a leading alternative investment firm focused in Latin America, with over 30 years of history and managing products across Private Equity, Infrastructure, Credit, Public Equities and Real Estate. As of September 30, 2021, including the combination with Moneda Asset Management which closed on December 1, 2021, the combined platform managed nearly $25 billion of assets under management, with a global presence in 11 offices across 4 continents. Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for society. Further information is available at [www.patria.com](https://www.globenewswire.com/Tracker?data=BToe58UuWNkP1ifMofcHqQFYexRKU1B9Ck0JGF7xX4bjVSao2JXuQhw9xj54Zg-rYr-JH2Pr1Gl1yFAG53JfZQ==). Contact Josh Woodt +1 917 769 1611 [[email protected]](mailto:[email protected]) Andre Medinat +1 345 640 4904 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQwMyM0Njk5Nzc0IzIyMDUwMTI=) [Image](https://ml.globenewswire.com/media/NmMyNTc1MzEtZjMyNS00ODViLWI2OGEtNjc1NjcxYmJhNGE3LTEyMTY1NjU=/tiny/Patria-Investments-Limited.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/d99dbfa7-4b2c-488a-8b25-058268afbd67) Source: Patria Investments Limited
Date: 2022-01-28
Title: First Week of WB March 11th Options Trading
Article: Investors in Weibo Corp (Symbol: WB) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the WB options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $28.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.70 (before broker commissions). To an investor already interested in purchasing shares of WB, that could represent an attractive alternative to paying $30.62/share today. Because the $28.00 strike represents an approximate 9% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=put&contract=28.00). Should the contract expire worthless, the premium would represent a 4.64% return on the cash commitment, or 40.35% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Weibo Corp, and highlighting in green where the $28.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $37.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of WB stock at the current price level of $30.62/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $37.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.49% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WB shares really soar, which is why looking at the trailing twelve month trading history for Weibo Corp, as well as studying the business fundamentals becomes important. Below is a chart showing WB's trailing twelve month trading history, with the $37.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $37.00 strike represents an approximate 21% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 87%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=WB&month=20220311&type=call&contract=37.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.65% boost of extra return to the investor, or 5.68% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 74%, while the implied volatility in the call contract example is 88%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $30.62) to be 47%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Article: WEST READING, Pa.--(BUSINESS WIRE)-- Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.333922 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $ 0.310297 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022. **About Customers Bancorp** Customers Bancorp, Inc. (NYSE:CUBI) is a bank holding company which provides financial services through its subsidiary Customers Bank, a full-service super-community bank with assets of approximately $19.6 billion at December 31, 2021. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bank provides blockchain-based digital payments via the Customers Bank Instant Token (CBITTM) which allows clients to make instant payments in U.S. dollars, 24 hours a day, 7 days a week, 365 days a year. More at [www.customersbank.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.customersbank.com&esheet=52570666&newsitemid=20220128005437&lan=en-US&anchor=www.customersbank.com&index=1&md5=a02851cce4e122df3623b4f68b0960fb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005437r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005437/en/](https://www.businesswire.com/news/home/20220128005437/en/) David Patti, Communications Director 610-451-9452 Source: Customers Bancorp, Inc.
Date: 2022-01-28
Title: Arcaea, The Beauty Company Pioneering Innovation Through Expressive Biology, Announces Strategic Investment and Partnership from OLAPLEX to Deliver New Technology in Haircare
Article: **Arcaea to accelerate the beauty industry's transition from industrial chemistry to a more regenerative era driven by Expressive Biology** BOSTON, Jan. 28, 2022 /PRNewswire/ -- [Arcaea](https://c212.net/c/link/?t=0&l=en&o=3427118-1&h=1319562307&u=http%3A%2F%2Fwww.arcaea.com%2F&a=Arcaea) (Ar-kay-uh) announced OLAPLEX (NASDAQ: OLPX), an innovative, science-enabled, technology-driven beauty company focused on delivering patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, to target transformation in the hair care industry, made a strategic investment in the Company during the third quarter of 2021. [](https://mma.prnewswire.com/media/1670816/Arcaea_Wordmark_Black_Logo.html) Arcaea's mission is to build a new, regenerative future for the beauty industry through expressive biology—where biology is used as a creative tool for self-expression. Arcaea will grow new ingredients and product experiences for beauty by leveraging technology such as DNA sequencing, biological engineering, and fermentation to activate unique storytelling. Arcaea is initiating hair and scalp care programs to expand the tools consumers have to strengthen and protect their hair and scalp across the professional, specialty retail and direct-to-consumer channels. "We are thrilled to have OLAPLEX as a strategic partner and investor as we grow Arcaea," said Jasmina Aganovic, founder and CEO of Arcaea. "Their insight and expertise in hair care, as well as a shared desire to see new advances to improve consumer health in an industry ripe for innovation, is reflective of the shared future we want to see; and makes them an ideal partner." "Innovation is a part of our OLAPLEX brand DNA and we are committed to providing cutting edge technology that will help to solve real consumer problems," said JuE Wong, OLAPLEX president and chief executive officer. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. This approach enables Arcaea to tap into the entire tree of life to develop new and previously unimagined or inaccessible ingredients using current practices. Arcaea has raised $78 million in Series A funding from a consortium of strategic and financial investors including Cascade Investment L.L.C., Viking Global, OLAPLEX, CHANEL, Givaudan and Wittington Ventures. This Series A financing round brings together a mix of expertise across the value chain of the industry, and will enable Arcaea to initiate multiple technical programs across key categories in beauty to develop a pipeline of ingredients and brand launches; and create a world of previously unimaginable possibilities in beauty. **About Arcaea (Ar-kay-uh)**Arcaea, LLC (Ar-kay-uh), a company launched on the Ginkgo Bioworks platform, with the mission to build a new foundation for the beauty industry through expressive biology. Arcaea sees biology as a valuable creative tool for self expression. The company will grow new ingredients and product experiences for beauty through technology such as DNA sequencing, biological engineering, fermentation and more. By culturing industry-leading, safe, and sustainable ingredients, Arcaea intends to create a new supply chain for the industry that does not rely on petrochemicals or on harvesting and depleting natural resources. By harnessing the power of biology, Arcaea is poised to produce highly sustainable products that can deliver new functionality and performance across skincare, bodycare, haircare, and aesthetics. Arcaea was incubated on the Ginkgo Bioworks platform and formed under the name Kalo Ingredients LLC. **About OLAPLEX** OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building", the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand's products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX's award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels. [Cision](https://c212.net/c/img/favicon.png?sn=NY45364&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html](https://www.prnewswire.com/news-releases/arcaea-the-beauty-company-pioneering-innovation-through-expressive-biology-announces-strategic-investment-and-partnership-from-olaplex-to-deliver-new-technology-in-haircare-301470578.html) SOURCE Arcaea
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: DAN
Security: Dana Incorporated
Related Stocks/Topics: Markets
Title: Dana Passes Through 2% Yield Mark
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: Looking at the universe of stocks we cover at [Dividend Channel](https://www.dividendchannel.com/), in trading on Friday, shares of Dana Inc (Symbol: DAN) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.4), with the stock changing hands as low as $19.96 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Dana Inc (Symbol: DAN) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dana Inc, looking at the history chart for DAN below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.[DAN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which 9 other dividend stocks just recently went on sale »](https://www.dividendchannel.com/slideshows/ten-stocks-more-yield/)
Stock Price 4 days before: 22.0293
Stock Price 2 days before: 22.6895
Stock Price 1 day before: 22.4096
Stock Price at release: 21.4458
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: SAFE
Security: Safehold Inc.
Related Stocks/Topics: Stocks
Title: Safehold Inc Shares Approach 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: Safehold Inc ([SAFE](https://kwhen.com/finance/profiles/SAFE/summary))) shares closed today at 1.3% above its 52 week low of $58.08, giving the company a market cap of $3B. The stock is currently down 26.1% year-to-date, down 22.8% over the past 12 months, and up 240.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 0.8% lower than its 5-day moving average, 13.9% lower than its 20-day moving average, and 18.9% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 665.8% - The company's stock price performance over the past 12 months lags the peer average by -254.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 59.682
Stock Price 2 days before: 58.844
Stock Price 1 day before: 58.8191
Stock Price at release: 58.9434
Risk-Free Rate at release: 0.0004
| 61.5906 |
Broader Economic Information:
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Euromonitor International Ltd. Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories
Article: **Company Also Earns Multiple Product Awards from Around the World** LOS ANGELES, Jan. 28, 2022 /PRNewswire/ -- Premier global nutrition company, Herbalife Nutrition, has been named "The World's #1 Health Shake1" and "The #1 Brand in Active and Lifestyle Nutrition2" by Euromonitor International, an independent market research firm. The company also retains its top rank in the world in four other Euromonitor categories, including weight management and wellbeing3; and for the fifth consecutive year, the titles of being the world's top brand in weight management4, meal replacements5, and meal replacement and protein supplements combined6. [](https://mma.prnewswire.com/media/507686/Herbalife___Logo.html) Euromonitor International Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories"Creating the best tasting, highest quality nutrition products that help people achieve their wellness goals is at the heart of what we do, and the reason consumers trust Herbalife Nutrition to help them improve their nutrition," said John Agwunobi, Chairman and CEO, Herbalife Nutrition. Every year the company receives numerous product awards for its high-quality, science-backed products, from media, government agencies and consumer research companies. Some of the awards from the past year include: - United States: Selected as one of the **Best Weight Loss Programs** by Consumer Affairs as voted on by consumers. - China: Multiple awards including the **National Award for Enterprises Demonstrating Quality and Integrity in Products and Services**, awarded by the China Quality Inspection Association. - India: Recognized as the **"Power Brand 2021" in the category of Overall Holistic Nutrition for Women** by Femina, the first and most read women's English magazine in India. - Korea: For the tenth consecutive year, awarded the grand prize in the **Health Functional Food** Category by Digital Chosun Ilbo, a leading local media company and sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Agriculture, Food and Rural Affairs. - Russia: **Product of the Year**, awarded for High Protein Iced Coffee, awarded by the Russian Chamber of Commerce and the Moscow International Business Association (MIBA). - Taiwan: **Symbol of Nutritional Quality**, awarded by the Institute for Biotechnology and Medicine Industry to inform consumers which products meet top safety and quality standards. - United Kingdom/Ireland: **Product of the Year**, awarded for Tri-Blend Select in the nutrition supplement category. The award is driven by consumer votes. - Vietnam: **Golden Product of Public Health Award**, awarded by the Vietnam Association of Functional Food. Sixteen Herbalife Nutrition products were recognized for their quality, safety and effectiveness. - Belgium: **Product of the Year**, awarded for Collagen Skin Booster and Formula 1 Smooth Chocolate flavor. The award is driven by consumer votes. For more information about recent awards, please visit [IAmHerbalifeNutrition.com](https://c212.net/c/link/?t=0&l=en&o=3425693-1&h=1861895455&u=https%3A%2F%2Fiamherbalifenutrition.com%2F%3Fs%3Dawards&a=IAmHerbalifeNutrition.com). **About Herbalife Nutrition Ltd. **Herbalife Nutrition (NYSE: HLF) is a global company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world. \begin{table}{|c|} \hline 1 Source Euromonitor International Limited; Per Consumer Health 2022ed, Health Shake as per sports protein powder, sports protein RTDs, meal replacement, supplement nutrition drinks and protein supplements, combined % RSP share GBO, 2021 data.2 Source Euromonitor International Limited; Per Consumer Health 2022ed, Active and lifestyle nutrition defined as weight management and wellbeing, sports nutrition, and vitamins and dietary supplements definitions; combined % RSP share GBO, 2021 data.3 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.4 Source Euromonitor International Limited; Per Consumer Health 2022ed, Weight management and wellbeing category definition; % RSP share GBO, 2021 data.5 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.6 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement and protein supplements definitions; combined % RSP share GBO, 2021 data. \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=LA43853&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html](https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html) SOURCE Herbalife Nutrition (NYSE: HLF)
Date: 2022-01-28
Title: Here's Why I Think SmartFinancial (NASDAQ:SMBK) Might Deserve Your Attention Today
Article: Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. And in their study titled Who Falls Prey to the Wolf of Wall Street?' Leuz et. al. found that it is 'quite common' for investors to lose money by buying into 'pump and dump' schemes.So if you're like me, you might be more interested in profitable, growing companies, like **SmartFinancial** (NASDAQ:SMBK). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. **SmartFinancial's Earnings Per Share Are Growing. **If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. SmartFinancial managed to grow EPS by 12% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. I note that SmartFinancial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. While we note SmartFinancial's EBIT margins were flat over the last year, revenue grew by a solid 26% to US$136m. That's a real positive.In the chart below, you can see how the company has grown earnings, and revenue, over time. To see the actual numbers, click on the chart.[earnings-and-revenue-history](https://images.simplywall.st/asset/chart/142913479-earnings-and-revenue-history-1-dark/1643383967048) NasdaqCM:SMBK Earnings and Revenue History January 28th 2022You don't drive with your eyes on the rear-view mirror, so you might be more interested in this **free** [report showing analyst forecasts for SmartFinancial's future profits](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future). **Are SmartFinancial Insiders Aligned With All Shareholders?** I like company leaders to have some skin in the game, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. As a result, I'm encouraged by the fact that insiders own SmartFinancial shares worth a considerable sum. With a whopping US$68m worth of shares as a group, insiders have plenty riding on the company's success. At 15% of the company, the co-investment by insiders gives me confidence that management will make long-term focussed decisions. It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. A brief analysis of the CEO compensation suggests they are. I discovered that the median total compensation for the CEOs of companies like SmartFinancial with market caps between US$200m and US$800m is about US$1.7m.The SmartFinancial CEO received total compensation of just US$809k in the year to . That's clearly well below average, so at a glance, that arrangement seems generous to shareholders, and points to a modest remuneration culture. While the level of CEO compensation isn't a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I'd also argue reasonable pay levels attest to good decision making more generally. **Does SmartFinancial Deserve A Spot On Your Watchlist?**As I already mentioned, SmartFinancial is a growing business, which is what I like to see. Earnings growth might be the main game for SmartFinancial, but the fun does not stop there. Boasting both modest CEO pay and considerable insider ownership, I'd argue this one is worthy of the watchlist, at least. We don't want to rain on the parade too much, but we did also find [1 warning sign for SmartFinancial](https://simplywall.st/stocks/us/banks/nasdaq-smbk/smartfinancial?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that you need to be mindful of.You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is [a list of companies with insider buying in the last three months.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875289&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTI4OTozM2U5OThiNWZiYzNiODFh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Daqo New Energy (DQ) Stock Sinks As Market Gains: What You Should Know
Article: Daqo New Energy (DQ) closed at $35.87 in the latest trading session, marking a -0.55% move from the prior day. This change lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the solar panel parts maker had lost 11.9% over the past month. This has lagged the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Daqo New Energy as it approaches its next earnings release. The company is expected to report EPS of $3.58, up 272.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $765.4 million, up 208.97% from the year-ago period.Investors should also note any recent changes to analyst estimates for Daqo New Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Daqo New Energy is currently a Zacks Rank #3 (Hold).In terms of valuation, Daqo New Energy is currently trading at a Forward P/E ratio of 2.59. Its industry sports an average Forward P/E of 16.26, so we one might conclude that Daqo New Energy is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [DAQO New Energy Corp. (DQ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DQ&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859384/daqo-new-energy-dq-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1859384)
Date: 2022-01-28
Title: PEOPLES FINANCIAL SERVICES CORP. Declares First Quarter 2022 Dividend
Article: SCRANTON, Pa., Jan. 28, 2022 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ: PFIS) declared a first quarter dividend of $0.39 per share. The $0.39 dividend represents a 5.4% increase over the dividend declared in the first quarter of 2021. The dividend is payable March 15, 2022 to shareholders of record February 28, 2022. [](https://mma.prnewswire.com/media/327528/peoples_financial_services_corp__logo.html) Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-service community banking offices located within the Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Company's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely. **Safe Harbor Forward-Looking Statements:** We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp., Peoples Security Bank and Trust Company, and its subsidiaries (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements. Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the unfolding COVID-19 crisis and the governmental responses to the crisis: credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time. In addition to these risks, acquisitions and business combinations, present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. [Cision](https://c212.net/c/img/favicon.png?sn=PH45804&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html](https://www.prnewswire.com/news-releases/peoples-financial-services-corp-declares-first-quarter-2022-dividend-301470761.html) SOURCE Peoples Financial Services Corp.
Broader Industry Information:
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: VAALCO Energy Declares Initial Quarterly Dividend
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("**VAALCO**" or the "**Company**")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, "In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value." \begin{table}{|c|c|} \hline For Further Information & \\ \hline & \\ \hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\ \hline Website: & www.vaalco.com \\ \hline & \\ \hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\ \hline Al Petrie / Chris Delange & \\ \hline & \\ \hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\ \hline Ben Romney / Jon Krinks/ James Husband & [email protected] \\ \hline \end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-29
Title: 7 Hidden-Gem Stocks to Buy for the Long-Term
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (<a href=](https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg) FNKO)." width="300" height="169">Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Broader Sector Information:
Date: 2022-01-28
Title: Interface, Inc. To Broadcast Fourth Quarter and Fiscal Year 2021 Results Conference Call Over the Internet
Article: ATLANTA, Jan. 28, 2022 /PRNewswire/ -- [Interface, Inc.](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2725390234&u=https%3A%2F%2Fwww.interface.com%2FUS%2Fen-US%2Fhomepage&a=Interface%2C+Inc.) (Nasdaq: TILE) announced today that it intends to release its fourth quarter and fiscal year 2021 results on Tuesday, March 1, 2022, prior to the open of the market. Interface will host a conference call the morning of Tuesday, March 1, 2022, at 8:00 a.m. Eastern Time, which will be simultaneously broadcast live over the internet. Daniel T. Hendrix, Chairman and Chief Executive Officer, and Bruce A. Hausmann, Vice President and Chief Financial Officer, will host the call. [](https://mma.prnewswire.com/media/1215229/Interface_Logo.html) Certain information discussed on the conference call will be available on Interface's website, at [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). **Call details:****Tuesday, March 1, 2022**8:00 a.m. Eastern Time, 7:00 a.m. Central Time, 6:00 a.m. Mountain Time, 5:00 a.m. Pacific Time Listeners may access the conference call live over the Internet at the following address: [https://events.q4inc.com/attendee/899136320](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2930574180&u=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320&a=https%3A%2F%2Fevents.q4inc.com%2Fattendee%2F899136320) or through the Company's website at: [https://investors.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=932434369&u=https%3A%2F%2Finvestors.interface.com%2F&a=https%3A%2F%2Finvestors.interface.com). Please allow at least 15 minutes prior to the call to visit one of these sites and download and install any necessary audio software. An archived version of the conference call will be available at these sites for one year shortly after the call ends. **About Interface** Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. Learn more about Interface at [interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3308388973&u=http%3A%2F%2Fwww.interface.com%2F&a=interface.com) and [blog.interface.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=709160865&u=http%3A%2F%2Fblog.interface.com%2F&a=blog.interface.com), our nora brand at [nora.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=719743675&u=http%3A%2F%2Fwww.nora.com%2F&a=nora.com), and our FLOR® brand at [FLOR.com](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3495239581&u=https%3A%2F%2Fwww.flor.com%2F&a=FLOR.com). Follow us on [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2569248785&u=https%3A%2F%2Ftwitter.com%2FInterfaceInc&a=Twitter), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=2076040437&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Finterface&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=3636328122&u=https%3A%2F%2Fwww.facebook.com%2FInterface%2F%3Ffref%3Dts&a=Facebook), [Pinterest](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1430591711&u=https%3A%2F%2Fwww.pinterest.com%2Finterface%2F&a=Pinterest), [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=361166393&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finterface&a=LinkedIn), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=739939483&u=https%3A%2F%2Fwww.instagram.com%2Finterface%2F&a=Instagram), and [Vimeo](https://c212.net/c/link/?t=0&l=en&o=3426716-1&h=1728872219&u=https%3A%2F%2Fvimeo.com%2Finterface&a=Vimeo). [Cision](https://c212.net/c/img/favicon.png?sn=NY44896&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html](https://www.prnewswire.com/news-releases/interface-inc-to-broadcast-fourth-quarter-and-fiscal-year-2021-results-conference-call-over-the-internet-301470224.html) SOURCE Interface, Inc.
Date: 2022-01-28
Title: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?
Article: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Cronos Group Provides Bi-Weekly MCTO Status Update
Article: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-29
Title: 7 Hidden-Gem Stocks to Buy for the Long-Term
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (<a href=](https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg) FNKO)." width="300" height="169">Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: CHPT
Security: ChargePoint Holdings, Inc.
Related Stocks/Topics: Stocks
Title: ChargePoint Holdings Inc - Class A Shares Close the Day 10.5% Higher - Daily Wrap
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: ChargePoint Holdings Inc - Class A ([CHPT](https://kwhen.com/finance/profiles/CHPT/summary))) shares closed today 10.5% higher than it did at the end of yesterday. The stock is currently down 39.9% year-to-date, down 71.8% over the past 12 months, and up 17.3% over the past five years. Today, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.5%. **Trading Activity** - Shares traded as high as $13.54 and as low as $11.21 this week. - Shares closed 70.6% below its 52-week high and 12.8% above its 52-week low. - Trading volume this week was 26.1% higher than the 10-day average and 34.2% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 1.8% higher than its 5-day moving average, 17.4% lower than its 20-day moving average, and 38.4% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1371.1% - The company's stock price performance over the past 12 months lags the peer average by -4389.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 12.6558
Stock Price 2 days before: 12.5537
Stock Price 1 day before: 11.8984
Stock Price at release: 11.8823
Risk-Free Rate at release: 0.0004
| 13.3534 |
Broader Economic Information:
Date: 2022-01-28
Title: Leslie's, Inc. (LESL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Article: The market expects Leslie's, Inc. (LESL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +58.8%.Revenues are expected to be $164.44 million, up 13.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Leslie's, Inc. **For Leslie's, Inc.The Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.69%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination indicates that Leslie's, Inc. Will most likely beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Leslie's, Inc. Would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Leslie's, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Leslie's, Inc. (LESL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LESL&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858586/leslie-s-inc-lesl-expected-to-beat-earnings-estimates-can-the-stock-move-higher?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858586) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Chegg Q4 Earnings Preview: 1 Crucial Metric to Watch
Article: **Chegg** [(NYSE: CHGG)](https://www.nasdaq.com/market-activity/stocks/chgg) is scheduled to report fiscal 2021 fourth-quarter earnings on Feb. 7. The company's shares have fallen significantly since its last reported earnings. Investors were surprised to hear that student enrollment at colleges in the U.S. had dropped.While enrollment trends are unlikely to have changed much since the last time Chegg reported earnings, there is one critical metric that investors should watch. One of Chegg's competitive advantages is the treasure trove of content it owns. Those interested in the education technology company will want to see how much new content is added when it reports Q4 results. [A parent and child unloading a car. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663038%2Fgettyimages-685006843.jpg&w=700) Heading off to college can be a harrowing experience. Image source: Getty Images. **Content is the key to Chegg's competitive advantage** As you may already know, Chegg is a subscription business geared primarily toward college students. Learners pay Chegg between $15 and $20 per month for access to the platform. The main draw for students is the [70 million pieces of proprietary content](https://www.fool.com/investing/2021/11/05/1-number-investors-might-be-overlooking-from-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). These step-by-step explanations were created at the request of subscribers. In addition to access to existing content, subscribers get to ask 20 questions per month that Chegg's subject-matter experts answer.Of course, the more students enroll in college-level classes, the more demand for Chegg's services exists. For that reason, the [stock](https://www.fool.com/investing/how-to-invest/stocks/what-is-a-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) got slammed when the company reported a dramatic slowing of the education industry in its most recent earnings press release on Nov. 1. Chegg lowered guidance for its fourth quarter and the fiscal year in conjunction with this revelation. Still, Chegg cannot influence the number of students taking college courses, so its efforts should be more focused on serving its 4.4 million existing subscribers.That's where content creation could come into play. If Chegg created millions of new pieces of content, that means existing subscribers were highly engaged and are likely to stick around throughout their duration in college. What's more, the newly created content can work to attract new subscribers for several years or much longer (college curriculum generally does not change very much). Finally, the expansion of Chegg's content database will deepen its competitive advantage.One of the downsides of Chegg's business model is that it serves a relatively small, addressable market -- mainly college students. The flip side is that [Chegg is a dominant player](https://www.fool.com/investing/2022/01/01/if-i-had-to-pick-1-stock-to-invest-in-for-the-next/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in that market. Chegg is a verb on college campuses now. It's not rare to hear students tell each other to "Chegg" it. And the core of its competitive advantage is its treasure trove of assets. **What this could mean for Chegg investors** Analysts on Wall Street expect Chegg to report revenue of $195.2 million and earnings per share (EPS) of $0.31 for Q4. If it meets those projections, that would amount to declines of 5.1% and 43.6%, respectively, from the same period a year earlier. Wall Street's estimate for revenue of $195 million is at the midpoint of what management guided for in the quarter.Chegg's stock is [down 56%](https://www.fool.com/investing/2021/12/08/3-growth-stocks-down-over-50-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) in the past three months. More important than the fourth quarter's results will be management's projections for 2022. If it forecasts improving subscriber growth and student enrollment, that could [boost the stock higher](https://www.fool.com/investing/2022/01/16/my-top-growth-stock-for-2022-is-chegg/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba). **10 stocks we like better than Chegg** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba) for investors to buy right now... and Chegg wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9b4ca1cd-4129-4539-8b2e-d501464cd451&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DChegg&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2cb8532f-89a1-48da-906e-e3b544a88bba)*Stock Advisor returns as of January 10, 2022 [Parkev Tatevosian](https://boards.fool.com/profile/TMFParkev/info.aspx) owns Chegg. The Motley Fool recommends Chegg. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-29
Title: Thursday Market Update: Why Were Stocks Up Today?
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Northrim BanCorp (NRIM) Misses Q4 Earnings and Revenue Estimates
Article: Northrim BanCorp (NRIM) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.07%. A quarter ago, it was expected that this holding company for Northrim Bank would post earnings of $1.44 per share when it actually produced earnings of $1.42, delivering a surprise of -1.39%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Northrim, which belongs to the Zacks Banks - West industry, posted revenues of $31.29 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 3.44%. This compares to year-ago revenues of $36.96 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Northrim shares have added about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Northrim?**While Northrim has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/NRIM/earnings-calendar), the estimate revisions trend for Northrim: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $29.8 million in revenues for the coming quarter and $3.66 on $117.5 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, Blackstone Mortgage Trust (BXMT), is yet to report results for the quarter ended December 2021. The results are expected to be released on February 9.This real estate finance company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Blackstone Mortgage Trust's revenues are expected to be $124.37 million, up 13.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Northrim BanCorp Inc (NRIM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=NRIM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Blackstone Mortgage Trust, Inc. (BXMT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BXMT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859361/northrim-bancorp-nrim-misses-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859361) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Red Rock Resorts (RRR) to Report Q4 Earnings: What's in Store?
Article: **Red Rock Resorts, Inc.** [RRR](https://www.nasdaq.com/market-activity/stocks/rrr) is scheduled to report [fourth-quarter 2021 results](https://www.zacks.com/stock/research/RRR/earnings-calendar) on Feb 2, 2022, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 75.5%. **How are Estimates Placed?**The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 53 cents per share, indicating an improvement of 35.9% from 39 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $407.6 million. The metric suggests an increase of 18.7% from the year-ago quarter’s figure. **Red Rock Resorts, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise)[Red Rock Resorts, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/RRR/price-eps-surprise?icid=chart-RRR-price-eps-surprise) | [Red Rock Resorts, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/rrr) Let's take a look at how things have shaped up in the quarter. ******Factors at Play** Red Rock Resorts’ fourth-quarter performance is likely to have benefitted from solid Las Vegas operations. Attributes such as best-in-class assets and locations, unparallel distribution and scale along with a solid organic development pipeline are likely to have driven the company’s performance in the fourth quarter. Also, streamlining operations, optimizing marketing initiatives and renegotiating vendor and third-party agreements are likely to have stoked the numbers in the to-be-reported quarter. The Zacks Consensus Estimate for net revenues at Las Vegas operations is pegged at $399 million, suggesting growth of 26.3% from the prior-year quarter’s figures.Increased focus on casino gaming offerings (such as video poker, slot machines, table games, bingo and race and sports wagering) along with food and beverage is likely to have driven the top line in the fourth quarter. The Zacks Consensus Estimate for sales at casino and food and beverage and rooms is pegged at $275 million and $65 million, calling for year-over-year growth of 14.1% and 48.6%, respectively. The consensus mark for room revenues is pegged at $40.2 million, suggesting an increase of 107% from the prior-year quarter’s levels. Improved visitation as well as increased time on device and spend per visit is likely to have contributed to the company’s top line in the fourth quarter.However, increased costs in maintenance, modification, sports betting, marketing initiatives and investment projects are likely to have dented the company’s earnings in fourth-quarter 2021. **What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Red Rock Resorts this time around. A stock needs to have a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. But that's not the case here. **Earnings ESP:** Red Rock Resorts has an Earnings ESP of -2.86%. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank:** The company carries a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=quote-stock_overview-zp_internal-zacks_premium-top_ribbon-1_rank)**Stocks Poised to Beat Earnings Estimates** Here are some stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:**Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox) has an Earnings ESP of +7.09% and a Zacks Rank #1.Shares of Crocs have gained 33.9% in the past year. CROX’s earnings topped the consensus mark in all the last four quarters, with the average being 41.6%. **Oxford Industries, Inc.** [OXM](https://www.nasdaq.com/market-activity/stocks/oxm) has an Earnings ESP of +2.97% and a Zacks Rank #1.Shares of Oxford Industries have gained 34.7% in the past year. OXM’s earnings topped the consensus mark thrice but missed the same on one occasion, with the average surprise being 96.7%. **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) has an Earnings ESP of +2.61% and a Zacks Rank #3.Shares of Boyd Gaming have gained 27.9% in the past year. BYD’s earnings topped the consensus mark in all of the trailing four quarters, with the average surprise being 56.4%.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Oxford Industries, Inc. (OXM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OXM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [Red Rock Resorts, Inc. (RRR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RRR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859169/red-rock-resorts-rrr-to-report-q4-earnings-what-s-in-store?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859169)
Broader Sector Information:
Date: 2022-01-28
Title: Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Article: **Alan Villalon to join Alerus as Chief Financial Officer; Jerrod Hanson promoted to Chief Accounting Officer** GRAND FORKS, N.D.--(BUSINESS WIRE)-- Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services. He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors. Mr. Villalon holds a bachelor’s degree in accounting from the University of Notre Dame and a master’s degree in business administration from Carnegie Mellon University. He currently resides in Maple Grove, MN.Mr. Hanson previously served as Controller with the Company for over the past two decades. In his new role, Mr. Hanson will be responsible for the strategic direction and oversight of all corporate accounting functions and staff including corporate accounting, SEC and other financial reporting, corporate tax, share-based compensation, and other financial reporting matters. Mr. Hanson is a Certified Public Accountant, holds a bachelor’s degree in accounting from the University of North Dakota, and is a Graduate of the School of Banking at the University of Colorado. He currently resides in Grand Forks, ND.“Al and Jerrod will be a dynamic team to drive our company’s future growth,” said President and Chief Executive Officer Katie Lorenson. “We are excited to welcome Al, who is a seasoned executive with deep analytical experience, a proven track record in corporate strategy, and a strong background in investor relations. The combination of Al’s analytic expertise and Jerrod’s extensive accounting knowledge will benefit both our strong financial foundation and long-term strategic growth plan.”**About Alerus Financial Corporation** Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefits services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight, and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus Financial banking and wealth management offices are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are in St. Paul, MN, East Lansing, MI, and Littleton, CO. **Forward-Looking Statements** This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005077r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005077/en/](https://www.businesswire.com/news/home/20220128005077/en/) Kris Bevill, Public Relations 701.280.5076 (Office) :: 701.306.8561 (Cell) [[email protected] ](mailto:[email protected]) [investors.alerus.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.alerus.com%2F&esheet=52570295&newsitemid=20220128005077&lan=en-US&anchor=investors.alerus.com&index=1&md5=8082ca5eeba900bb3239c4ad6ab4c677) Source: Alerus Financial Corporation
Date: 2022-01-28
Title: Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021
Article: ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the "Company") today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago. Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP") loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic outlook in Alaska and improving credit quality. This compares to a $1.11 million benefit to the provision for credit losses in the preceding quarter and a $599,000 benefit to the provision for credit losses in the fourth quarter of 2020. The benefit to the provision for credit losses for the current quarter was recorded under ASU 2016-13, which is also commonly referred to as the Current Expected Credit Loss (“CECL”) methodology that Northrim implemented on January 1, 2021, and includes a benefit to the provision for credit losses on loans and unfunded commitments. Net income for the full year 2021 increased 14% to $37.52 million, or $6.00 per diluted share, compared to $32.89 million, or $5.11 per diluted share, for the full year 2020. The benefit to the provision for credit losses totaled $4.10 million in 2021, compared to a $2.43 million provision for credit losses in 2020. An increase in net interest income and continued core loan and deposit growth also contributed to the increase in net income during the year 2021 compared to the year 2020. “Northrim’s results for the fourth quarter and the full year 2021 were a direct result of the dedication and effort of our employees, who continue to work to meet the needs of our community,” said Joe Schierhorn, President and Chief Executive Officer. “Improving economic factors along with the continued success of our outreach to new and existing customers generated increased net interest income and had a substantial impact on core loan and deposit growth.” “One of the highlights of the year was our participation in the SBA’s PPP lending programs where we helped provide financing to Alaskans impacted by the pandemic. We helped more than 5,700 businesses and individuals, including more than 2,300 new customers, apply for and receive more than $610 million in PPP loans, making Northrim the largest originator of PPP loans in Alaska. Many of those new customers have expanded their relationships with Northrim – accounting for more than $63 million in new non-PPP loans and $119 million in new deposits in 2021.” **Fourth Quarter and Full Year 2021 Highlights:** - For the year 2021, Community Banking revenue was $88.2 million, compared to $78.3 million for 2020. - For the fourth quarter of 2021, Community Banking revenue was $23.5 million, compared to $21.3 million in the fourth quarter of 2020, and $22.5 in the third quarter of 2021. - Net interest income in 2021 increased 14% to $80.8 million, compared to $70.7 million for the year 2020. - Core net interest income in 2021 (excluding PPP interest and fees) increased 5% to $65.4 million, compared to $62.6 million for the year 2020. - Net interest income in the fourth quarter of 2021 increased 13% to $21.7 million compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. - Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75%, from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. - Average cost of interest-bearing deposits declined to 0.16% in the fourth quarter of 2021, from 0.19% in the third quarter of 2021, and 0.40% in the fourth quarter of 2020. - Net interest margin on a tax equivalent basis (“NIMTE”)* was 3.60% for the year, a 45-basis point contraction compared to 2020. - NIMTE* was 3.54% in the fourth quarter of 2021, an increase of 7 bps increase compared to the preceding quarter, and a decrease of 42 bps decrease compared to the fourth quarter a year ago. - Return on average assets ("ROAA") was 1.23% and return on average equity ("ROAE") was 13.14% for the fourth quarter of 2021, and ROAA of 1.54% and ROAE of 15.68% for the year ending December 31, 2021. - Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago, primarily as a result of PPP forgiveness. - Portfolio loans excluding the impact from PPP, which we refer to as core loans, were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. - Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Financial Highlights & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,453,567 & & $ & 2,351,243 & & $ & 2,121,798 & \\ \hline Total portfolio loans & $ & 1,413,886 & & $ & 1,450,657 & & $ & 1,487,968 & & $ & 1,548,924 & & $ & 1,444,050 & \\ \hline Total portfolio loans (excluding PPP loans) & $ & 1,295,657 & & $ & 1,247,297 & & $ & 1,187,032 & & $ & 1,146,470 & & $ & 1,139,463 & \\ \hline Total deposits & $ & 2,421,631 & & $ & 2,296,541 & & $ & 2,146,438 & & $ & 2,051,317 & & $ & 1,824,981 & \\ \hline Total shareholders' equity & $ & 237,817 & & $ & 242,474 & & $ & 237,218 & & $ & 231,452 & & $ & 221,575 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 8,345 & & $ & 12,181 & & $ & 10,100 & \\ \hline Diluted earnings per share & $ & 1.31 & & $ & 1.42 & & $ & 1.33 & & $ & 1.94 & & $ & 1.59 & \\ \hline Return on average assets & & 1.23 & % & & 1.40 & % & & 1.42 & % & & 2.25 & % & & 1.90 & % \\ \hline Return on average shareholders' equity & & 13.14 & % & & 14.47 & % & & 14.26 & % & & 21.40 & % & & 18.22 & % \\ \hline NIM & & 3.52 & % & & 3.45 & % & & 3.48 & % & & 3.90 & % & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & 3.47 & % & & 3.50 & % & & 3.92 & % & & 3.96 & % \\ \hline Efficiency ratio & & 73.48 & % & & 68.07 & % & & 67.00 & % & & 60.24 & % & & 65.31 & % \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 9.67 & % & & 9.84 & % & & 10.44 & % \\ \hline Tangible common equity/tangible assets* & & 8.19 & % & & 8.73 & % & & 9.07 & % & & 9.22 & % & & 9.76 & % \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 38.22 & & $ & 37.29 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 35.64 & & $ & 34.71 & & $ & 32.88 & \\ \hline Dividends per share & $ & 0.38 & & $ & 0.38 & & $ & 0.37 & & $ & 0.37 & & $ & 0.35 & \\ \hline \end{table} \begin{table}{|c|} \hline \\ \hline \end{table} * References to NIMTE, tangible book value per share, tangible common equity and tangible assets (all of which exclude intangible assets) represent non-GAAP financial measures. Management has presented these non-GAAP measurements in this earnings release, because it believes these measures are useful to investors. See the end of this release for reconciliations of these non-GAAP financial measures to GAAP financial measures. **COVID-19 Update:** - **Industry Exposure:** Northrim has identified various industries that may be adversely impacted by the COVID-19 pandemic and the volatility in oil prices that has occurred over the last year and a half, although oil prices have rebounded recently. Though the industries affected may change through the progression of the pandemic, the following sectors for which Northrim has exposure, as a percent of the total loan portfolio, excluding SBA PPP loans as of December 31, 2021, are: Healthcare (9%), Tourism (7%), Oil and Gas (5%), Aviation (non-tourism) (5%), Accommodations (4%), Restaurants and Breweries (4%), Fishing (4%) and Retail (2%). - **Customer Accommodations:**The Company has implemented assistance to help customers experiencing financial challenges as a result of COVID-19 in addition to participation in PPP lending. These accommodations include interest only and deferral options on loan payments, as well as the waiver of various fees related to loans, deposits and other services. The number of loans with modifications has decreased significantly since December 31, 2020 with approximately 97% of the outstanding principal loan balances subject to modifications at December 31, 2021 representing four relationships. The total outstanding principal balance of loan modifications due to the impacts of COVID-19 as of December 31, 2021, September 30, 2021 and December 31, 2020 were as follows: \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,219 & $ & 31 & $ & 49,250 \\ \hline Number of modifications & & 16 & & 1 & & 17 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of September 30, 2021 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 49,888 & $ & 7,533 & $ & 57,421 \\ \hline Number of modifications & & 21 & & 3 & & 24 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|} \hline Loan Modifications due to COVID-19 as of December 31, 2020 \\ \hline (Dollars in thousands) & Interest Only & Full Payment Deferral & Total \\ \hline Portfolio loans & $ & 43,379 & $ & 22,165 & $ & 65,544 \\ \hline Number of modifications & & 23 & & 11 & & 34 \\ \hline \end{table} All 17 loan modifications totaling $49.3 million as of December 31, 2021, have entered into more than one modification. - **Provision for Credit Losses:** Northrim booked a benefit for credit loss provisions of $1.08 million for the quarter ended December 31, 2021. This compares to a benefit for credit loss provisions of $1.11 million during the previous quarter and a $599,000 benefit for credit loss provisions in the fourth quarter a year ago. The provision for the current quarter was recorded using the CECL methodology and reflects expected lifetime credit losses on loans and off-balance sheet unfunded loan commitments. The decrease in the provision for credit loss in the third and fourth quarters of 2021 is primarily the result of the improvement in economic assumptions used to estimate lifetime credit losses, which have improved but are not yet at pre-pandemic levels, and a decrease in unfunded commitments, off-set partially by a growth in core loans. - **Credit Quality:** Nonaccrual loans, net of government guarantees were $10.7 million at December 31, 2021, compared to $10.0 million at December 31, 2020. Net adversely classified loans increased to $13.7 million at December 31, 2021, compared to $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $53,000 in the fourth quarter of 2021. - **Branch Operations:** Branch operations have returned to pre-pandemic levels, while a number of customer and employee safety measures continue to be implemented. - **Growth and Paycheck Protection Program:** - Over the last two years, Northrim funded a total of nearly 5,800 PPP loans totaling $612.6 million to both existing and new customers. Of this amount, 745 loans totaling $33.0 million were originated during the second quarter of 2021 and 2,125 loans totaling $204.0 million were originated during the first quarter of 2021, through the second round of PPP funding. No new PPP loans were originated during the third and fourth quarters of 2021. - As of December 31, 2021, the PPP has resulted in 2,343 new customers totaling $62.8 million in non-PPP loans, and $119.0 million in new deposit balances. - Management estimates that Northrim funded approximately 24% of the number and 32% of the value of all Alaska PPP second round loans. - As of December 31, 2021, Northrim customers had received forgiveness through the SBA on 4,451 PPP loans totaling $491.4 million, of which 1,012 PPP loans totaling $88.4 million were forgiven in the fourth quarter of 2021, and 1,118 PPP loans totaling $102.4 million were forgiven in the third quarter of 2021. Of the PPP loans forgiven in the fourth quarter of 2021, 948 loans totaling $81 million related to the second round of PPP. As of December 31, 2021, approximately 98% of the first round of PPP loans and 56% of the second round of PPP loans have been forgiven. - The Company initially utilized the Federal Reserve Bank's Paycheck Protection Program Liquidity Facility to fund PPP loans, but it paid back those funds in full during the second quarter of 2020 and has since funded the SBA PPP loans through core deposits and maturing long-term investments. - **Capital Management:** At December 31, 2021, the Company’s tangible common equity to tangible assets* ratio was 8.19% and the capital of Northrim Bank (the "Bank") was well in excess of all regulatory requirements. During the fourth quarter of 2021, the Company repurchased 188,264 shares of common stock under the previously announced share repurchase program, with 33,724 shares remaining of the 313,000 shares authorized for repurchase. **Alaska Economic Update**(Note: sources for information included in this section are included on page 14.) The Alaska economy showed broad improvements in 2021 as it rebounded from the pandemic lows of 2020. Mark Edwards, EVP Chief Credit Officer and Bank Economist summarizes, “A steady recovery of jobs in nearly every sector resulted from improved independent tourism, rising oil prices, a strong housing market and consumer liquidity from government stimulus programs. We believe that the potential effects of rising interest rates, high inflation, and supply chain disruptions are the most pressing issues at the start of 2022.” The Alaska Department of Labor ("DOL") has released data through November of 2021. The DOL reports total payroll jobs in Alaska increased 2.4% or 7,200 jobs compared to November of 2020. Tourism related jobs were the hardest hit from travel restrictions and have also been the fastest to recover. According to the DOL, the Leisure and Hospitality sector improved 12.9% between November of 2020 and November of 2021. This is now only 3,700 jobs lower than the total of 31,800 jobs in this sector in November of 2019. Other sectors showing improvement over the last 12 months include Oil & Gas (+9.8%); Trade, Transport, and Utilities (+3.1%); Construction (+2.6%); Professional & Business Services (+2.4%) and Health Care (+1.8%). The only private sector to decline year over year was Information with 100 fewer jobs, down 2%. The Government sector was steady at 77,700 jobs. Based on the DOL report, gains in local government employment offset declines in state and federal positions. Alaska’s Gross State Product (“GSP”) seasonally adjusted at annualized rates for the third quarter of 2021 was $55.5 billion, compared to $49.7 billion in the third quarter of 2020, according to the Federal Bureau of Economic Analysis ("BEA") in a report that was released December 23, 2021. Alaska’s GSP declined 0.6% in the third quarter after increasing 1.8% in the second quarter of 2021. Alaska’s seasonally adjusted personal income for the third quarter of 2021 was $48.5 billion compared to $46.0 billion seasonally adjusted at annualized rates in the third quarter of 2020, according to the BEA. Alaska’s personal income grew 2.4% in the third quarter of 2021, over the second quarter, primarily due to a $662 million increase in wage earnings. This resulted from inflationary pressure on salaries and an improvement in the total number of jobs. Wage gains more than offset the $413 million decrease in government transfer payments to Alaskans in the third quarter of 2021. The price of Alaska North Slope crude oil began 2021 averaging $55.56 in January and climbed steadily throughout the year to a monthly average high of $84.36 a barrel in October. The monthly average for December has not yet been posted by the Alaska Department of Revenue, but the daily spot price was $80.13 on December 31, 2021. Alaska’s home mortgage delinquency and foreclosure levels continue to be better than most of the nation. According to the Mortgage Bankers Association, Alaska’s foreclosure rate improved from 0.63% at the end of 2019 to 0.45% at the end of 2020. The foreclosure rate continued to improve in each of the first three quarters of 2021 to 0.33% in the third quarter of 2021. The comparable national average rate was higher than Alaska at 0.46% in the third quarter of 2021. We believe that the foreclosure rates are somewhat misleading because the recently ended federal moratorium on foreclosure activity on occupied homes led to declining foreclosure numbers, even though job losses strained the economy and borrowers' ability to pay. The Mortgage Bankers Association survey reported that the percentage of delinquent mortgage loans at the end of 2019 in Alaska was 2.9%. This increased to 6.2% at the end of 2020 after the effects of COVID-19 impacted jobs. In the first quarter of 2021 it improved to 5.4% in Alaska and again in the second quarter to 5.1%. The most recent data available is the third quarter of 2021, which improved to 4.77%. According to the survey, the comparable delinquency rate for the entire country remains higher than Alaska at 5.04% in the third quarter of 2021. According to the Alaska Multiple Listing Services, the average sales price of a single family home in Anchorage rose 6.9% in 2021 to $424,266. Average sales prices in the Matanuska Susitna Borough rose 15.6% in 2021 to $347,962, continuing a decade of consecutive price gains. These two markets represent where the vast majority of the Bank’s residential lending activity occurs. The number of housing units sold in Anchorage was up significantly in 2021 by 11% following an increase of 19.6% in 2020, as reported by the Alaska Multiple Listing Services. The Matanuska Susitna Borough also had strong sales activity, up 11.5% in 2021 and 9.7% in 2020. We believe that the low interest rate environment has been a major factor in the strength of the housing market. According to the Federal Reserve Bank of St. Louis, the average 30 year fixed rate mortgage in the U.S. hit an all-time record low in 2020. Rates began 2020 at 3.7% in the first week of January and fell one percent to 2.7% by the end of the year. Rates began to rise slightly in 2021 and finished the year at 3.11%. Northrim Bank sponsors the Alaskanomics blog to provide news, analysis, and commentary on Alaska’s economy. Join the conversation at [Alaskanomics.com](http://alaskanomics.com/), or for more information on the Alaska economy, visit: [www.northrim.com](http://www.northrim.com/) and click on the “Business Banking” link and then click “Learn.” Information from our website is not incorporated into, and does not form, a part of this earnings release. **Recent Events** In November, 2021, Northrim shared the news of the passing of Michael Martin, EVP, and Chief Operating Officer. Mr. Martin also served as the Bank’s General Counsel and Corporate Secretary and recently celebrated his 10 year anniversary at Northrim. We are grateful to Mr. Martin for his many years of dedicated service to the Bank. He will be remembered for his deep commitment to the company, his customers and the meaningful relationships he formed throughout his career. Mr. Martin was active in his community, having served as a past-president of Alaska Public Media and was currently on the board of the Anchorage Symphony Orchestra and president of the Alaska Bankers Association. In addition, he taught many courses at Alaska Pacific University, the University of Alaska Anchorage, Pacific Coast Banking School at the University of Washington, and the American Institute of Banking. “Mike was passionate about his work at the Bank and the many customers and colleagues that he worked with over the years. He will be greatly missed and we send our deepest condolences to his family,” said Schierhorn. Mr. Martin and his family were also very involved in the Junior Nordic program of the Nordic Skiing Association of Anchorage. In memory of Mr. Martin, Northrim Bank has established the Michael Martin Youth & Sports Development Endowment Fund. The fund is to be used to ensure that the Nordic Skiing Association of Anchorage is able to promote cross country skiing as a health and wellness activity and is made available to children or low-income families and throughout diverse neighborhoods.. For further details or to make a donation to the Michael Martin Youth & Sports Development Endowment Fund, please visit [https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/](https://alaskacf.org/blog/funds/michael-martin-youth-sport-development-endowment/) **Review of Income Statement** **Consolidated Income Statement** In the fourth quarter of 2021, Northrim generated a ROAA of 1.23% and a ROAE of 13.14%, compared to 1.40% and 14.47%, respectively, in the third quarter of 2021 and 1.90% and 18.22%, respectively, in the fourth quarter a year ago. Northrim’s ROAE is above peer averages posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Net Interest Income/Net Interest Margin Net interest income increased 13% to $21.7 million in the fourth quarter of 2021 compared to $19.2 million in the fourth quarter of 2020 and increased 6% compared to $20.4 million in the third quarter of 2021. Interest income benefited from the amortization of PPP loan fees and the full recognition of the deferred PPP loan fees upon forgiveness by the SBA. During the fourth quarter of 2021, Northrim received $88.5 million in loan forgiveness through the SBA, compared to $102.4 million in loan forgiveness during the prior quarter, resulting in total net PPP fee income of $3.6 million and $3.0 million, respectively. As of December 31, 2021, there was $4.5 million of net deferred PPP fee income remaining. For the year 2021, net interest income increased 14% to $80.8 million, compared to $70.7 million for the year 2020. \begin{table}{|c|} \hline \\ \hline \end{table} 1As of September 30, 2021, the S&P U.S. Small Cap Bank Index tracked 293 banks with total common market capitalization between $250 million to $1B for the following ratios: NIMTE* of 2.84%. ROAA 1.39%, and ROAE 12.33%.NIMTE* was 3.54% in the fourth quarter of 2021 compared to 3.47% in the preceding quarter and 3.96% in the fourth quarter a year ago. “While our liquidity position remains elevated, our NIMTE* improved compared to the prior quarter, reflecting increasing net interest income and strong core loan growth. New core loans that carry a higher interest rate are replacing lower rate PPP loans, which is helping our net interest margin expand,” said Jed Ballard, Chief Financial Officer. “We expect continued net interest margin improvement with increases in interest rates in 2022, as nearly 74% of our loan portfolio has adjusting rates and our large cash position will reprice immediately upon any rate increases. Also notable during the fourth quarter was the impact of SBA PPP loan fees and interest on net interest income, which increased our NIMTE* by 45 basis points during the fourth quarter of 2021 compared to what our NIMTE* would have been if we had not made any SBA PPP loans. The increase from SBA PPP loans this quarter is the result of recognition of fee income on loans that were forgiven,” continued Ballard. NIMTE* continues to be impacted by the increased liquidity Northrim has experienced in conjunction with the SBA PPP loans. Northrim's NIMTE* continues to remain above the peer average posted by the S&P U.S. Small Cap Bank Index with total market capitalization between $250 million and $1 billion as of September 30, 20211. Provision for Credit Losses Northrim recorded a benefit to the provision for credit losses of $1.1 million in the fourth quarter of 2021, which includes a $126,000 benefit to the provision for credit losses on unfunded commitments and a benefit of $952,000 for credit losses on loans. This compares to a benefit to the provision for credit losses on loans of $1.1 million in the third quarter of 2021, and a benefit to the provision for credit losses on loans of $599,000 in the fourth quarter a year ago. “The benefit to the provision for credit losses on loans and unfunded commitments during the quarter primarily follows our current assessment of risks associated with the economy and reflects expected lifetime credit losses based upon the conditions that existed as of year-end,” said Ballard. “The ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, as well as loan portfolio composition, quality, and portfolio duration.” Nonperforming loans, net of government guarantees, decreased during the quarter to $10.7 million at December 31, 2021, compared to $11.5 million at September 30, 2021, and increased compared to $10.0 million at December 31, 2020. The allowance for credit losses was 110% of nonperforming loans, net of government guarantees, at the end of the fourth quarter of 2021, compared to 120% three months earlier and 210% a year ago. Other Operating Income In addition to home mortgage lending, Northrim has interests in other businesses that complement its core community banking activities, including purchased receivables financing and wealth management. Other operating income contributed $9.6 million, or 31% of total fourth quarter 2021 revenues, as compared to $12.7 million, or 38% of revenues in the third quarter of 2021, and $17.7 million, or 48% of revenues in the fourth quarter of 2020. The decrease in other operating income in the fourth quarter of 2021 as compared to the fourth quarter a year ago was due primarily to a lower volume of mortgage activity. For the year 2021, other operating income totaled $52.3 million, or 39% of revenues, compared to $63.3 million, or 47% of revenues for the year 2020. Other notable changes during the quarter include changes in the fair value mark-to-market of the marketable equity securities portfolio, which decreased other income by $128,000 in the fourth quarter of 2021, compared to a $67,000 decrease in the third quarter of 2021 and a $408,000 increase in the fourth quarter of 2020. There was $61,000 in interest rate swap income in the fourth quarter of 2021. This compares to $195,000 in interest rate swap income in the preceding quarter and $206,000 in interest rate swap income in the fourth quarter of 2020 on the execution of interest rate swaps related to the Company's commercial lending operations. Other Operating Expenses Operating expenses were $23.0 million in the fourth quarter of 2021, compared to $22.5 million in the third quarter of 2021, and $24.1 million in the fourth quarter of 2020. “We had the infrastructure and many talented employees in place to facilitate organic growth, and as a result were able expand our client base and our operations without significantly increasing our operating expenses,” said Ballard. For the year 2021, operating expenses were $89.2 million, compared to $89.1 million in 2020. Income Tax Provision In the fourth quarter of 2021, Northrim recorded $1.3 million in state and federal income tax expense for an effective tax rate of 13.4%, compared to $2.8 million, or 23.4% in the third quarter of 2021 and $3.3 million, or 24.7% in the fourth quarter a year ago. The decrease in the tax rate in the fourth quarter of 2021 is primarily the result of increased tax benefits related to equity compensation and the Company's investment in low income housing tax credits. For the year 2021, Northrim recorded $10.5 million in state and federal income tax expense, for an effective tax rate of 21.8% compared to $9.6 million and 22.5% in 2020. **Community Banking** “We continue to address the needs of our customers through our Land and Expand efforts, and as a result we are growing our market share across all of our major markets,” said Schierhorn. “To better serve our customers, we opened our second Fairbanks branch during the first quarter of 2021 and in March of 2020 we opened a loan production office in Kodiak, which saw continued growth in 2021. In addition to opening these branches, we hired lenders to these markets over the last two years, who are really contributing to our growth. We are geographically diversified throughout our markets and believe that our expansion into new markets has helped us increase our deposit market share in 2021, based on the most recent data from the FDIC.” In the recent deposit market share data from the FDIC for the period from June 30, 2020, to June 30, 2021, Northrim’s deposit market share in Alaska increased to $2.2 billion, or 13.00% of total Alaska deposits as of June 30, 2021 from $1.8 billion, or 12.32% of total Alaska deposits as of June 30, 2020. Northrim's deposits grew 24% during this period while total deposits in Alaska were up 18% during the same period. Net interest income in the Community Banking segment totaled $21.2 million in the fourth quarter of 2021, compared to $19.7 million in the third quarter of 2021 and $18.3 million in the fourth quarter of 2020. Net interest income benefited from $4.0 million of PPP income in the fourth quarter of 2021, and $3.7 million of PPP income in the third quarter of 2021. As of December 31, 2021, there was $4.5 million of unearned loan fees net of costs related to round one and round two PPP loans. The following table provides highlights of the Community Banking segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 21,150 & & $ & 19,728 & & $ & 18,468 & & $ & 18,734 & & $ & 18,349 & \\ \hline (Benefit) for credit losses & & (1,078) & & & (1,106) & & & (427) & & & (1,488) & & & (599) & \\ \hline Other operating income & & 2,308 & & & 2,765 & & & 2,772 & & & 2,274 & & & 2,921 & \\ \hline Other operating expense & & 15,583 & & & 14,849 & & & 14,551 & & & 13,664 & & & 15,536 & \\ \hline Income before provision for income taxes & & 8,953 & & & 8,750 & & & 7,116 & & & 8,832 & & & 6,333 & \\ \hline Provision for income taxes & & 1,211 & & & 1,955 & & & 1,850 & & & 1,452 & & & 1,303 & \\ \hline Net income & $ & 7,742 & & $ & 6,795 & & $ & 5,266 & & $ & 7,380 & & $ & 5,030 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 1.25 & & $ & 1.08 & & $ & 0.84 & & $ & 1.18 & & $ & 0.79 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Net interest income & $ & 78,080 & & $ & 67,647 \\ \hline (Benefit) provision for credit losses & & (4,099) & & & 2,432 \\ \hline Other operating income & & 10,119 & & & 10,693 \\ \hline Other operating expense & & 58,647 & & & 57,614 \\ \hline Income before provision for income taxes & & 33,651 & & & 18,294 \\ \hline Provision for income taxes & & 6,468 & & & 2,694 \\ \hline Net income & $ & 27,183 & & $ & 15,600 \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 \\ \hline Diluted earnings per share & $ & 4.35 & & $ & 2.42 \\ \hline \end{table} **Home Mortgage Lending** “The increased activity in the mortgage market has continued through the fourth quarter of 2021, although normal seasonality factors and lower refinance activity have caused total mortgage volume to decrease compared to the record setting pace of the last several quarters,” said Ballard. During the fourth quarter of 2021, mortgage loan volume was $247.2 million, of which 70% was for new home purchases, compared to $283.7 million and 77% of loans funded for new home purchases in the third quarter of 2021, and $381.9 million, of which 52% was for new home purchases in the fourth quarter of 2020. Loan fundings decreased during the fourth quarter of 2021 as compared to the preceding quarter and year-over-year, driven by normal seasonality and lower refinance activity. The net change in fair value of mortgage servicing rights decreased mortgage banking income by $549,000 during the fourth quarter of 2021 and by $1.5 million during the third quarter of 2021, primarily due to the continued refinance of existing mortgages in the servicing portfolio. “Our mortgage servicing business, which we initiated to service loans primarily for the Alaska Housing Finance Corporation, generated continued growth throughout the quarter, which outweighed the reduction of the refinancing activity,” said Ballard. As of December 31, 2021, Northrim serviced 3,097 loans in its $772.8 million home-mortgage-servicing portfolio, a 3% increase compared to the $750.3 million serviced for the third quarter of 2021, and a 13% increase from the $683.1 million serviced a year ago. Delinquencies in the loan servicing portfolio totaled $20.4 million at December 31, 2021, compared to $31.4 million at December 31, 2020. Mortgage servicing revenue contributed $2.0 million to revenues in the fourth quarter of 2021, compared to $2.4 million in the third quarter of 2021, and $2.5 million in the fourth quarter of 2020. Largely as a result of the COVID-19 pandemic, approximately 3% of mortgages serviced were in forbearance as of December 31, 2021, compared to 3% as of September 30, 2021, and 5% as of December 31, 2020. Total mortgage servicing income fluctuates based on the number of mortgage servicing rights originated during the period and changes in the fair value of those servicing rights. The fair value of mortgage servicing rights is driven by interest rate volatility and the number of serviced mortgages that pay off during the period, as well as fluctuations in estimated prepayment speeds based on published industry metrics. The change in the fair value of mortgage servicing rights was a decrease of $549,000 for the fourth quarter of 2021, compared to a decrease of $1.5 million for the third quarter of 2021 and a decrease of $1.2 million for the fourth quarter of 2020. The following table provides highlights of the Home Mortgage Lending segment of Northrim: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Mortgage commitments & $ & 81,617 & & $ & 169,436 & & $ & 173,994 & & $ & 181,417 & & $ & 150,276 & \\ \hline Mortgage loans funded for sale & $ & 247,249 & & $ & 283,660 & & $ & 286,314 & & $ & 300,963 & & $ & 381,942 & \\ \hline Mortgage loan refinances to total fundings & & 30 & % & & 23 & % & & 31 & % & & 60 & % & & 48 & % \\ \hline Mortgage loans serviced for others & $ & 772,764 & & $ & 750,327 & & $ & 713,926 & & $ & 682,827 & & $ & 683,117 & \\ \hline & & & & & \\ \hline Net realized gains on mortgage loans sold & $ & 7,214 & & $ & 7,957 & & $ & 9,470 & & $ & 11,795 & & $ & 15,557 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,687) & & & 533 & & & (427) & & & 98 & & & (2,724) & \\ \hline Total production revenue & & 5,527 & & & 8,490 & & & 9,043 & & & 11,893 & & & 12,833 & \\ \hline Mortgage servicing revenue & & 1,975 & & & 2,449 & & & 2,452 & & & 2,152 & & & 2,510 & \\ \hline Change in fair value of mortgage servicing rights: & & & & & \\ \hline Due to changes in model inputs of assumptions1 & & (89) & & & (928) & & & 16 & & & (180) & & & (410) & \\ \hline Other2 & & (460) & & & (530) & & & (583) & & & (829) & & & (783) & \\ \hline Total mortgage servicing revenue, net & & 1,426 & & & 991 & & & 1,885 & & & 1,143 & & & 1,317 & \\ \hline Other mortgage banking revenue & & 316 & & & 412 & & & 432 & & & 586 & & & 661 & \\ \hline Total mortgage banking income & $ & 7,269 & & $ & 9,893 & & $ & 11,360 & & $ & 13,622 & & $ & 14,811 & \\ \hline & & & & & \\ \hline Net interest income & $ & 560 & & $ & 704 & & $ & 724 & & $ & 759 & & $ & 875 & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 11,360 & & & 13,622 & & & 14,811 & \\ \hline Other operating expense & & 7,416 & & & 7,685 & & & 7,785 & & & 7,663 & & & 8,611 & \\ \hline Income before provision for income taxes & & 413 & & & 2,912 & & & 4,299 & & & 6,718 & & & 7,075 & \\ \hline Provision for income taxes & & 41 & & & 830 & & & 1,220 & & & 1,917 & & & 2,005 & \\ \hline Net income & $ & 372 & & $ & 2,082 & & $ & 3,079 & & $ & 4,801 & & $ & 5,070 & \\ \hline & & & & & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,277,265 & & & 6,277,177 & & & 6,324,461 & \\ \hline Diluted earnings per share & $ & 0.06 & & $ & 0.34 & & $ & 0.49 & & $ & 0.76 & & $ & 0.80 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. \begin{table}{|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & December 31, 2020 \\ \hline Mortgage loans funded for sale & $ & 1,118,186 & & $ & 1,295,411 & \\ \hline Mortgage loan refinances to total fundings & & 37 & % & & 50 & % \\ \hline & & \\ \hline Net realized gains on mortgage loans sold & $ & 36,436 & & $ & 46,258 & \\ \hline Change in fair value of mortgage loan commitments, net & & (1,483) & & & 2,253 & \\ \hline Total production revenue & & 34,953 & & & 48,511 & \\ \hline Mortgage servicing revenue & & 9,028 & & & 7,514 & \\ \hline Change in fair value of mortgage servicing rights: & & \\ \hline Due to changes in model inputs of assumptions1 & & (1,181) & & & (2,701) & \\ \hline Other2 & & (2,402) & & & (2,855) & \\ \hline Total mortgage servicing revenue, net & & 5,445 & & & 1,958 & \\ \hline Other mortgage banking revenue & & 1,746 & & & 2,166 & \\ \hline Total mortgage banking income & $ & 42,144 & & $ & 52,635 & \\ \hline & & \\ \hline Net interest income & $ & 2,747 & & $ & 3,018 & \\ \hline Mortgage banking income & & 42,144 & & & 52,635 & \\ \hline Other operating expense & & 30,549 & & & 31,500 & \\ \hline Income before provision for income taxes & & 14,342 & & & 24,153 & \\ \hline Provision for income taxes & & 4,008 & & & 6,865 & \\ \hline Net income & $ & 10,334 & & $ & 17,288 & \\ \hline & & \\ \hline Weighted average shares outstanding, diluted & & 6,249,313 & & & 6,431,367 & \\ \hline Diluted earnings per share & $ & 1.65 & & $ & 2.69 & \\ \hline \end{table} 1Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.2Represents changes due to collection/realization of expected cash flows over time. **Balance Sheet Review** Northrim’s total assets increased to $2.72 billion at December 31, 2021, up 4% from the preceding quarter and up 28% from a year ago. Northrim’s loan-to-deposit ratio was 58% at December 31, 2021, down from 63% at September 30, 2021, and 79% at December 31, 2020. Liquidity levels are at record highs with interest bearing deposits in other banks at $625.0 million, representing 24% of interest-earning assets as of December 31, 2021, compared to 5% at December 31, 2020. Average interest-earning assets were $2.45 billion in the fourth quarter of 2021, up 4% from $2.35 billion in the third quarter of 2021 and up 26% from $1.94 billion in the fourth quarter a year ago. The average yield on interest-earning assets was 3.67% in the fourth quarter of 2021, up from 3.62% in the preceding quarter and down from 4.24% in the fourth quarter a year ago. Average investment securities increased to $432.3 million in the fourth quarter of 2021, compared to $389.6 million in the third quarter of 2021 and $231.9 million in the fourth quarter a year ago. The average net tax equivalent yield on the securities portfolio was 1.17% for the fourth quarter of 2021, down from 1.20% in the preceding quarter and down from 1.73% in the year ago quarter. The average estimated duration of the investment portfolio at December 31, 2021, was four years. “The average duration in our investment securities portfolio has increased over the last couple of years as a result of lower interest rates, however, given our liquidity, we still have flexibility to deploy short-term funds into higher earning assets should rates rise over the next one to two years,” said Ballard. “Core loan growth was solid during the quarter, with $48.4 million in new loans, excluding PPP loans. Additionally, new core loan growth was geographically diversified across all of our markets throughout the state. The total loan portfolio balance was reduced due to $88.5 million in PPP loan forgiveness during the quarter. However, much of the loan production during the past several quarters resulted from new customers we obtained through the PPP process, and we believe that the loan pipeline remains strong.” At December 31, 2021, commercial loans represented 37% of total loans, PPP loans represented 9% of total loans, commercial real estate owner occupied loans comprised 15% of total loans, commercial real estate non-owner occupied loans comprised 28% of total loans, and construction loans made up 8% of total loans. Portfolio loans were $1.41 billion at December 31, 2021, down 3% from the preceding quarter and down 2% from a year ago. Portfolio loans excluding the impact from PPP were $1.30 billion at December 31, 2021, up 4% from the preceding quarter and up 14% from a year ago. Average portfolio loans in the fourth quarter of 2021 were $1.41 billion, which was down 4% from the preceding quarter and down 5% from a year ago. Yields on average portfolio loans in the fourth quarter of 2021 increased to 5.75% from 5.19% in the third quarter of 2021 and 5.00% in the fourth quarter of 2020. Alaskans continue to account for substantially all of Northrim’s deposit base, which is primarily made up of low-cost transaction accounts. Total deposits were $2.42 billion at December 31, 2021, up 5% from $2.30 billion at September 30, 2021, and up 33% from $1.82 billion a year ago. Demand deposits increased 38% year-over-year to $887.8 million at December 31, 2021. Average interest-bearing deposits were up 6% to $1.46 billion with an average cost of 0.16% in the fourth quarter of 2021, compared to $1.38 billion and an average cost of 0.19% in the third quarter of 2021, and up 28% compared to $1.14 billion and an average cost of 0.40% in the fourth quarter of 2020. “We continue to attract new customers through our outreach in the community, with a large portion of our deposit and loan growth coming from the over 2,300 new customers we gained from helping with PPP lending,” said Schierhorn. “The Land and Expand program is working with $62.8 million or 42% of our core loan growth and $119 million or 20% of our deposit growth, coming from new customers obtained from our PPP efforts as of December 31, 2021. The investments in our people, products and services have allowed us to attract a broader customer base and convert new PPP customers into full banking relationships.” Shareholders’ equity was $237.8 million, or $39.54 per share, at December 31, 2021, compared to $242.5 million, or $39.25 per share, at September 30, 2021 and $221.6 million, or $35.45 per share, a year ago. Tangible book value per share* was $36.88 at December 31, 2021, compared to $36.66 at September 30, 2021, and $32.88 per share a year ago. Northrim continues to maintain capital levels in excess of the requirements to be categorized as “well-capitalized” with Tier 1 Capital to Risk Adjusted Assets of 14.08% at December 31, 2021, compared to 14.17% at September 30, 2021, and 14.20% at December 31, 2020. **Asset Quality** “While we are encouraged with the overall performance in the loan portfolio, we remain cautious. With a few of the industries that have been hardest hit, particularly tourism and hospitality, we continue to maintain elevated credit monitoring structures,” said Ballard. Nonperforming assets ("NPAs") net of government guarantees were $15.0 million at December 31, 2021, down from $16.1 million at September 30, 2021 and from $16.3 million a year ago. Of the NPAs at December 31, 2021, $8.8 million, or 59% are nonaccrual loans related to seven commercial relationships. One of these relationships, which totaled $1.1 million at December 31, 2021, is a business in the medical industry. Net adversely classified loans were $13.7 million at December 31, 2021, as compared to $17.4 million at September 30, 2021, and $12.8 million a year ago. Net loan charge-offs were $1.1 million in the fourth quarter of 2021, compared to net loan recoveries of $39,000 in the third quarter of 2021, and net loan recoveries of $53,000 in the fourth quarter of 2020. Adversely classified loans are loans that Northrim has classified as substandard, doubtful, and loss, net of government guarantees. As of December 31, 2021, $11.6 million, or 84% of net adversely classified loans are attributable to ten relationships with seven loans to commercial businesses, one loan to a medical business, and two loans to oilfield services commercial businesses. Performing restructured loans that were not included in nonaccrual loans at December 31, 2021, net of government guarantees were $773,000, down from $796,000 three months earlier and down from $832,000 a year ago. Borrowers who are in financial difficulty and who have been granted concessions that may include interest rate reductions, term extensions, or payment alterations are categorized as restructured loans, unless it is the result of the COVID-19 global pandemic. The Company presents restructured loans that are performing separately from those that are classified as nonaccrual to provide more information on this category of loans and to differentiate between accruing performing and nonperforming restructured loans. Excluding SBA PPP loans, Northrim had $117.0 million, or 9% of total portfolio loans, in the healthcare sector; $94.4 million, or 7% of portfolio loans, in the tourism sector; $59.6 million, or 5% of portfolio loans, in the aviation (non-tourism) sector; $55.8 million, or 4% in the fishing sector; $54.1 million, or 4% in the accommodations sector; $46.6 million, or 4% in the restaurants and breweries sector; and $31.9 million, or 2% in retail loans as of December 31, 2021. Northrim estimates that $63.6 million, or approximately 5% of portfolio loans excluding SBA PPP loans, had direct exposure to the oil and gas industry in Alaska, as of December 31, 2021, and $4.3 million of these loans are adversely classified. As of December 31, 2021, Northrim has an additional $66.4 million in unfunded commitments to companies with direct exposure to the oil and gas industry in Alaska, and none of these unfunded commitments are considered to be adversely classified loans. Northrim defines direct exposure to the oil and gas sector as loans to borrowers that provide oilfield services and other companies that have been identified as significantly reliant upon activity in Alaska related to the oil and gas industry, such as lodging, equipment rental, transportation and other logistics services specific to this industry. **About Northrim BanCorp** Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 17 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka, and a loan production office in Kodiak, serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company of Northrim BanCorp. ** [www.northrim.com](https://www.globenewswire.com/Tracker?data=opJij6LzHouRrh78QlJ7TlVwUfytHNW6ErP5DvK2BH38eWfCvX7Mqy0TNooitu9HCDKOC0Xng1rHqVIYJIXZmw==)** **Forward-Looking Statement** This release may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities Exchange Act of 1934, as amended. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy, management’s plans and objectives for future operations, and statements related to the expected or potential impact of the novel coronavirus (COVID-19) pandemic and the related responses of the government are forward-looking statements. When used in this report, the words “anticipate,” “believe,” “estimate,” “expect,” and “intend” and words or phrases of similar meaning, as they relate to Northrim and its management are intended to help identify forward-looking statements. Although we believe that management’s expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward looking statements, whether concerning the COVID-19 pandemic and the government responses related thereto or otherwise, are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include: the uncertainties relating to the impact of COVID-19 on the Company's credit quality, business, operations and employees; governmental changes impacting the regulatory landscape, natural resource extraction industries, capital markets, and the response to and management of the COVID-19 pandemic, including the effectiveness of previously-enacted fiscal stimulus from the federal government; the timing of PPP loan forgiveness; the impact of potential increases in interest rates, inflation, supply-chain constraints, trade policies and tensions, including tariffs, and potential geopolitical instability; our ability to maintain strong asset quality and to maintain or expand our market share or net interest margins; and our ability to execute our business plan. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks that may have a material adverse impact on our operations and business, are identified in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and from time to time are disclosed in our other filings with the Securities and Exchange Commission. However, you should be aware that these factors are not an exhaustive list, and you should not assume these are the only factors that may cause our actual results to differ from our expectations. These forward-looking statements are made only as of the date of this release, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after the date of this release. References: [www.sba.gov/ak](http://www.sba.gov/ak) [https://www.bea.gov/](https://www.bea.gov/) [http://almis.labor.state.ak.us/](http://almis.labor.state.ak.us/) [http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx](http://www.tax.alaska.gov/programs/oil/prevailing/ans.aspx) [http://www.tax.state.ak.us/](http://www.tax.state.ak.us/) [www.mba.org](http://www.mba.org/) [https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx](https://www.alaskarealestate.com/MLSMember/RealEstateStatistics.aspx) [https://fred.stlouisfed.org/series/MORTGAGE30US](https://fred.stlouisfed.org/series/MORTGAGE30US) [https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021](https://www.sba.gov/document/report-paycheck-protection-program-weekly-reports-2021) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Income Statement & & & & & & \\ \hline (Dollars in thousands, except per share data) & Three Months Ended & & Year-to-date \\ \hline (Unaudited) & December 31, & September 30, & December 31, & & December 31, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & & & & 2021 & & & 2020 & \\ \hline Interest Income: & & & & & & \\ \hline Interest and fees on loans & $ & 20,954 & & $ & 19,900 & & $ & 19,587 & & & $ & 79,241 & & $ & 71,091 & \\ \hline Interest on investments & & 1,322 & & & 1,233 & & & 967 & & & & 4,918 & & & 5,400 & \\ \hline Interest on deposits in banks & & 199 & & & 149 & & & 25 & & & & 447 & & & 225 & \\ \hline Total interest income & & 22,475 & & & 21,282 & & & 20,579 & & & & 84,606 & & & 76,716 & \\ \hline Interest Expense: & & & & & & \\ \hline Interest expense on deposits & & 582 & & & 667 & & & 1,144 & & & & 3,077 & & & 5,279 & \\ \hline Interest expense on borrowings & & 183 & & & 183 & & & 211 & & & & 702 & & & 772 & \\ \hline Total interest expense & & 765 & & & 850 & & & 1,355 & & & & 3,779 & & & 6,051 & \\ \hline Net interest income & & 21,710 & & & 20,432 & & & 19,224 & & & & 80,827 & & & 70,665 & \\ \hline & & & & & & \\ \hline (Benefit) provision for credit losses & & (1,078) & & & (1,106) & & & (599) & & & & (4,099) & & & 2,432 & \\ \hline Net interest income after provision (benefit) for & & & & & & \\ \hline loan losses & & 22,788 & & & 21,538 & & & 19,823 & & & & 84,926 & & & 68,233 & \\ \hline & & & & & & \\ \hline Other Operating Income: & & & & & & \\ \hline Mortgage banking income & & 7,269 & & & 9,893 & & & 14,811 & & & & 42,144 & & & 52,635 & \\ \hline Bankcard fees & & 892 & & & 878 & & & 743 & & & & 3,389 & & & 2,837 & \\ \hline Purchased receivable income & & 622 & & & 530 & & & 538 & & & & 2,259 & & & 2,650 & \\ \hline Unrealized gain (loss) on marketable equity securities & & (128) & & & (67) & & & 408 & & & & (101) & & & 61 & \\ \hline Service charges on deposit accounts & & 354 & & & 345 & & & 300 & & & & 1,297 & & & 1,102 & \\ \hline Interest rate swap income & & 61 & & & 195 & & & 206 & & & & 452 & & & 949 & \\ \hline Gain on sale of securities & & — & & & 36 & & & — & & & & 67 & & & 98 & \\ \hline Other income & & 507 & & & 848 & & & 726 & & & & 2,756 & & & 2,996 & \\ \hline Total other operating income & & 9,577 & & & 12,658 & & & 17,732 & & & & 52,263 & & & 63,328 & \\ \hline & & & & & & \\ \hline Other Operating Expense: & & & & & & \\ \hline Salaries and other personnel expense & & 15,011 & & & 15,756 & & & 16,826 & & & & 60,412 & & & 61,137 & \\ \hline Data processing expense & & 2,128 & & & 2,198 & & & 2,015 & & & & 8,567 & & & 7,668 & \\ \hline Occupancy expense & & 1,842 & & & 1,707 & & & 1,701 & & & & 7,078 & & & 6,624 & \\ \hline Marketing expense & & 1,132 & & & 533 & & & 739 & & & & 2,741 & & & 2,320 & \\ \hline Professional and outside services & & 832 & & & 703 & & & 951 & & & & 2,801 & & & 3,157 & \\ \hline Insurance expense & & 628 & & & 322 & & & 300 & & & & 1,593 & & & 1,228 & \\ \hline Intangible asset amortization expense & & 10 & & & 9 & & & 12 & & & & 37 & & & 48 & \\ \hline OREO expense, net rental income and gains on sale & & (65) & & & (378) & & & (250) & & & & (432) & & & (242) & \\ \hline Other operating expense & & 1,481 & & & 1,684 & & & 1,853 & & & & 6,399 & & & 7,174 & \\ \hline Total other operating expense & & 22,999 & & & 22,534 & & & 24,147 & & & & 89,196 & & & 89,114 & \\ \hline & & & & & & \\ \hline Income before provision for income taxes & & 9,366 & & & 11,662 & & & 13,408 & & & & 47,993 & & & 42,447 & \\ \hline Provision for income taxes & & 1,252 & & & 2,785 & & & 3,308 & & & & 10,476 & & & 9,559 & \\ \hline Net income & $ & 8,114 & & $ & 8,877 & & $ & 10,100 & & & $ & 37,517 & & $ & 32,888 & \\ \hline & & & & & & \\ \hline Basic EPS & $ & 1.33 & & $ & 1.43 & & $ & 1.61 & & & $ & 6.07 & & $ & 5.18 & \\ \hline Diluted EPS & $ & 1.31 & & $ & 1.42 & & $ & 1.59 & & & $ & 6.00 & & $ & 5.11 & \\ \hline Weighted average shares outstanding, basic & & 6,100,160 & & & 6,196,260 & & & 6,245,254 & & & & 6,180,801 & & & 6,354,687 & \\ \hline Weighted average shares outstanding, diluted & & 6,177,766 & & & 6,265,602 & & & 6,324,461 & & & & 6,249,313 & & & 6,431,367 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Balance Sheet & & & \\ \hline (Dollars in thousands) & & & \\ \hline (Unaudited) & December 31, & September 30, & December 31, \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline & & & \\ \hline Assets: & & & \\ \hline Cash and due from banks & $ & 20,805 & & $ & 34,216 & & $ & 23,304 & \\ \hline Interest bearing deposits in other banks & & 625,022 & & & 458,063 & & & 92,661 & \\ \hline Investment securities available for sale, at fair value & & 426,684 & & & 379,122 & & & 247,633 & \\ \hline Investment securities held to maturity & & 20,000 & & & 20,000 & & & 10,000 & \\ \hline Marketable equity securities, at fair value & & 8,420 & & & 8,551 & & & 9,052 & \\ \hline Investment in Federal Home Loan Bank stock & & 3,107 & & & 3,110 & & & 2,551 & \\ \hline Loans held for sale & & 73,650 & & & 106,224 & & & 146,178 & \\ \hline Portfolio loans & & 1,413,886 & & & 1,450,657 & & & 1,444,050 & \\ \hline Allowance for credit losses, loans & & (11,739) & ) & & (13,816) & & & (21,136) & \\ \hline Net portfolio loans & & 1,402,147 & & & 1,436,841 & & & 1,422,914 & \\ \hline Purchased receivables, net & & 6,987 & & & 20,118 & & & 13,922 & \\ \hline Mortgage servicing rights, at fair value & & 13,724 & & & 13,080 & & & 11,218 & \\ \hline Other real estate owned, net & & 5,638 & & & 5,912 & & & 7,289 & \\ \hline Premises and equipment, net & & 37,164 & & & 37,610 & & & 38,102 & \\ \hline Operating lease right-of-use assets & & 11,001 & & & 11,371 & & & 12,440 & \\ \hline Goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,046 & \\ \hline Other assets & & 54,361 & & & 59,709 & & & 68,488 & \\ \hline Total assets & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline Liabilities: & & & \\ \hline Demand deposits & $ & 887,824 & & $ & 868,810 & & $ & 643,825 & \\ \hline Interest-bearing demand & & 692,683 & & & 644,035 & & & 459,095 & \\ \hline Savings deposits & & 348,164 & & & 330,465 & & & 308,725 & \\ \hline Money market deposits & & 314,996 & & & 278,529 & & & 237,705 & \\ \hline Time deposits & & 177,964 & & & 174,702 & & & 175,631 & \\ \hline Total deposits & & 2,421,631 & & & 2,296,541 & & & 1,824,981 & \\ \hline Other borrowings & & 14,508 & & & 14,605 & & & 14,817 & \\ \hline Junior subordinated debentures & & 10,310 & & & 10,310 & & & 10,310 & \\ \hline Operating lease liabilities & & 10,965 & & & 11,334 & & & 12,378 & \\ \hline Other liabilities & & 29,488 & & & 34,682 & & & 37,737 & \\ \hline Total liabilities & & 2,486,902 & & & 2,367,472 & & & 1,900,223 & \\ \hline & & & \\ \hline Shareholders' Equity: & & & \\ \hline Total shareholders' equity & & 237,817 & & & 242,474 & & & 221,575 & \\ \hline Total liabilities and shareholders' equity & $ & 2,724,719 & & $ & 2,609,946 & & $ & 2,121,798 & \\ \hline & & & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Portfolio Loans & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Commercial loans & $ & 521,785 & & 37 & % & & $ & 498,585 & & 34 & % & & $ & 476,900 & & 31 & % & & $ & 449,153 & & 30 & % & & $ & 469,540 & & 33 & % \\ \hline SBA Payment Protection loans & & 122,729 & & 9 & % & & & 211,449 & & 14 & % & & & 311,971 & & 21 & % & & & 414,381 & & 26 & % & & & 310,518 & & 21 & % \\ \hline CRE owner occupied loans & & 220,367 & & 15 & % & & & 206,756 & & 14 & % & & & 190,880 & & 13 & % & & & 178,476 & & 11 & % & & & 163,597 & & 11 & % \\ \hline CRE nonowner occupied loans & & 402,879 & & 28 & % & & & 405,666 & & 28 & % & & & 373,325 & & 25 & % & & & 368,145 & & 23 & % & & & 355,694 & & 24 & % \\ \hline Construction loans & & 121,104 & & 8 & % & & & 106,020 & & 7 & % & & & 115,917 & & 8 & % & & & 121,943 & & 8 & % & & & 118,782 & & 8 & % \\ \hline Consumer loans & & 36,565 & & 3 & % & & & 37,044 & & 3 & % & & & 36,420 & & 2 & % & & & 34,603 & & 2 & % & & & 37,654 & & 3 & % \\ \hline Subtotal & & 1,425,429 & & & & & 1,465,520 & & & & & 1,505,413 & & & & & 1,566,701 & & & & & 1,455,785 & & \\ \hline Unearned loan fees, net & & (11,543) & & & & & (14,863) & & & & & (17,445) & & & & & (17,777) & & & & & (11,735) & & \\ \hline Total portfolio loans & $ & 1,413,886 & & & & $ & 1,450,657 & & & & $ & 1,487,968 & & & & $ & 1,548,924 & & & & $ & 1,444,050 & & \\ \hline & & & & & & & & & & & & & & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Composition of Deposits & & & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total & & Balance & % of total \\ \hline Demand deposits & $ & 887,824 & 37 & % & & $ & 868,810 & 38 & % & & $ & 798,231 & 37 & % & & $ & 762,793 & 37 & % & & $ & 643,825 & 35 & % \\ \hline Interest-bearing demand & & 692,683 & 29 & % & & & 644,035 & 28 & % & & & 582,669 & 27 & % & & & 524,373 & 26 & % & & & 459,095 & 25 & % \\ \hline Savings deposits & & 348,164 & 14 & % & & & 330,465 & 14 & % & & & 322,645 & 15 & % & & & 325,625 & 16 & % & & & 308,725 & 17 & % \\ \hline Money market deposits & & 314,996 & 13 & % & & & 278,529 & 12 & % & & & 258,116 & 12 & % & & & 253,934 & 12 & % & & & 237,705 & 13 & % \\ \hline Time deposits & & 177,964 & 7 & % & & & 174,702 & 8 & % & & & 184,777 & 9 & % & & & 184,592 & 9 & % & & & 175,631 & 10 & % \\ \hline Total deposits & $ & 2,421,631 & & & $ & 2,296,541 & & & $ & 2,146,438 & & & $ & 2,051,317 & & & $ & 1,824,981 & \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Asset Quality & December 31, & & September 30, & & December 31, & \\ \hline & & 2021 & & & & 2021 & & & & 2020 & & \\ \hline Nonaccrual loans & $ & 11,650 & & & $ & 12,493 & & & $ & 11,120 & & \\ \hline Loans 90 days past due and accruing & & — & & & & — & & & & 449 & & \\ \hline Total nonperforming loans & & 11,650 & & & & 12,493 & & & & 11,569 & & \\ \hline Nonperforming loans guaranteed by government & & (978) & & & & (1,017) & & & & (1,521) & & \\ \hline Net nonperforming loans & & 10,672 & & & & 11,476 & & & & 10,048 & & \\ \hline Other real estate owned & & 5,638 & & & & 5,912 & & & & 7,289 & & \\ \hline Repossessed assets & & — & & & & — & & & & 231 & & \\ \hline Other real estate owned guaranteed by government & & (1,279) & & & & (1,279) & & & & (1,279) & & \\ \hline Net nonperforming assets & $ & 15,031 & & & $ & 16,109 & & & $ & 16,289 & & \\ \hline Nonperforming loans, net of government guarantees / portfolio loans & & 0.75 & & % & & 0.79 & & % & & 0.70 & & % \\ \hline Nonperforming loans, net of government guarantees / portfolio loans, & & & & & & \\ \hline net of government guarantees & & 0.88 & & % & & 0.97 & & % & & 0.92 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & 0.55 & & % & & 0.62 & & % & & 0.77 & & % \\ \hline Nonperforming assets, net of government guarantees / total assets & & & & & & \\ \hline net of government guarantees & & 0.60 & & % & & 0.69 & & % & & 0.92 & & % \\ \hline & & & & & & \\ \hline Performing restructured loans & $ & 3,291 & & & $ & 2,382 & & & $ & 2,355 & & \\ \hline Performing restructured loans guaranteed by government & & (2,518) & & & & (1,586) & & & & (1,523) & & \\ \hline Net performing restructured loans & $ & 773 & & & $ & 796 & & & $ & 832 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees & $ & 11,445 & & & $ & 12,272 & & & $ & 10,880 & & \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans & & 0.81 & & % & & 0.85 & & % & & 0.75 & & % \\ \hline Nonperforming loans plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / portfolio loans, net of government guarantees & & 0.94 & & % & & 1.03 & & % & & 0.99 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets & & 0.58 & & % & & 0.65 & & % & & 0.81 & & % \\ \hline Nonperforming assets plus performing restructured loans, net of government & & & & & & \\ \hline guarantees / total assets, net of government guarantees & & 0.63 & & % & & 0.72 & & % & & 0.97 & & % \\ \hline & & & & & & \\ \hline Adversely classified loans, net of government guarantees & $ & 13,739 & & & $ & 17,360 & & & $ & 12,768 & & \\ \hline Special mention loans, net of government guarantees & $ & 22,110 & & & $ & 15,151 & & & $ & 19,063 & & \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans & & — & & % & & 0.03 & & % & & 0.05 & & % \\ \hline Loans 30-89 days past due and accruing, net of government guarantees / & & & & & & \\ \hline portfolio loans, net of government guarantees & & — & & % & & 0.04 & & % & & 0.07 & & % \\ \hline & & & & & & \\ \hline Allowance for credit losses / portfolio loans & & 0.83 & & % & & 0.95 & & % & & 1.46 & & % \\ \hline Allowance for credit losses / portfolio loans, net of government guarantees & & 0.97 & & % & & 1.16 & & % & & 1.93 & & % \\ \hline Allowance for credit losses / nonperforming loans, net of government & & & & & & \\ \hline guarantees & & 110 & & % & & 120 & & % & & 210 & & % \\ \hline & & & & & & \\ \hline Gross loan charge-offs for the quarter & $ & 1,179 & & & $ & — & & & $ & 11 & & \\ \hline Gross loan recoveries for the quarter & $ & (53) & & & $ & (39) & & & $ & 64 & & \\ \hline Net loan (recoveries) charge-offs for the quarter & $ & 1,126 & & & $ & (39) & & & $ & (53) & & \\ \hline Net loan (recoveries) charge-offs year-to-date & $ & 1,107 & & & $ & (19) & & & $ & 384 & & \\ \hline Net loan (recoveries) charge-offs for the quarter / average loans, for the quarter & & 0.08 & & % & & 0.00 & & % & & — & & % \\ \hline Net loan (recoveries) charge-offs year-to-date / average loans, & & & & & & \\ \hline year-to-date annualized & & 0.07 & & % & & — & & % & & 0.03 & & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Nonperforming Assets Rollforward & & & & & & & \\ \hline & & & & Writedowns & Transfers to & Transfers to & & \\ \hline & Balance at September 30, 2021 & Additions this quarter & Payments this quarter & /Charge-offs this quarter & OREO/ REPO & Performing Statusthis quarter & Sales this quarter & Balance at December 31, 2021 \\ \hline Commercial loans & $ & 7,950 & & $ & 1,049 & $ & (681 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & — & & $ & 7,139 & \\ \hline Commercial real estate & & 4,239 & & & — & & (118 & ) & & — & & & — & & — & & — & & & 4,121 & \\ \hline Construction loans & & 109 & & & — & & — & & & — & & & — & & — & & — & & & 109 & \\ \hline Consumer loans & & 195 & & & 90 & & (4 & ) & & — & & & — & & — & & — & & & 281 & \\ \hline Non-performing loans guaranteed by government & & (1,017) & & & — & & 39 & & & — & & & — & & — & & — & & & (978) & \\ \hline Total non-performing loans & & 11,476 & & & 1,139 & & (764 & ) & & (1,179 & ) & & — & & — & & — & & & 10,672 & \\ \hline Other real estate owned & & 5,912 & & & — & & — & & & — & & & — & & — & & (274 & ) & & 5,638 & \\ \hline Repossessed assets & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Nonperforming purchased & & & & & & & & \\ \hline receivables & & — & & & — & & — & & & — & & & — & & — & & — & & & — & \\ \hline Other real estate owned guaranteed & & & & & & & & \\ \hline by government & & (1,279) & & & — & & — & & & — & & & — & & — & & — & & & (1,279) & \\ \hline Total non-performing assets, & & & & & & & & \\ \hline net of government guarantees & $ & 16,109 & & $ & 1,139 & $ & (764 & ) & $ & (1,179 & ) & $ & — & $ & — & $ & (274 & ) & $ & 15,031 & \\ \hline \end{table} The following table details loan charge-offs, by industry: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Loan Charge-offs by Industry & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & September 30, 2021 & June 30, 2021 & March 31, 2021 & December 31, 2020 \\ \hline Charge-offs: & & & & & \\ \hline Plastic material and resin manufacturing & $ & — & $ & — & $ & — & $ & 150 & $ & — \\ \hline Aircraft parts and auxiliary equipment manufacturing & & 185 & & — & & 110 & & 13 & & — \\ \hline Offices of physicians & & — & & — & & — & & — & & 11 \\ \hline Amusement and recreational activities & & 9 & & — & & — & & — & & — \\ \hline Scenic and sightseeing transportation & & 416 & & — & & — & & — & & — \\ \hline Site preparation contractors & & 224 & & — & & — & & — & & — \\ \hline Specialized freight trucking, long-distance & & 345 & & — & & — & & — & & — \\ \hline Total charge-offs & $ & 1,179 & $ & — & $ & 110 & $ & 163 & $ & 11 \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & & & & \\ \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & & & & \\ \hline Interest bearing deposits in other banks & $ & 521,930 & & 0.15 & % & & $ & 390,004 & & 0.15 & % & & $ & 84,872 & & 0.12 & % \\ \hline Portfolio investments & & 432,330 & & 1.17 & % & & & 389,631 & & 1.20 & % & & & 231,867 & & 1.73 & % \\ \hline Loans held for sale & & 81,859 & & 2.82 & % & & & 99,716 & & 2.92 & % & & & 135,776 & & 2.79 & % \\ \hline Portfolio loans & & 1,410,597 & & 5.75 & % & & & 1,469,072 & & 5.19 & % & & & 1,489,029 & & 5.00 & % \\ \hline Total interest-earning assets & & 2,446,716 & & 3.67 & % & & & 2,348,423 & & 3.62 & % & & & 1,941,544 & & 4.24 & % \\ \hline Nonearning assets & & 173,149 & & & & & 170,317 & & & & & 175,413 & & \\ \hline Total assets & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline & & & & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & & & & \\ \hline Interest-bearing deposits & $ & 1,457,202 & & 0.16 & % & & $ & 1,380,461 & & 0.19 & % & & $ & 1,140,327 & & 0.40 & % \\ \hline Borrowings & & 24,879 & & 2.90 & % & & & 24,962 & & 2.89 & % & & & 24,819 & & 3.35 & % \\ \hline Total interest-bearing liabilities & & 1,482,081 & & 0.20 & % & & & 1,405,423 & & 0.24 & % & & & 1,165,146 & & 0.46 & % \\ \hline & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & 852,405 & & & & & 826,941 & & & & & 679,924 & & \\ \hline Other liabilities & & 40,459 & & & & & 42,923 & & & & & 51,363 & & \\ \hline Shareholders' equity & & 244,920 & & & & & 243,453 & & & & & 220,524 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,619,865 & & & & $ & 2,518,740 & & & & $ & 2,116,957 & & \\ \hline Net spread & & 3.47 & % & & & 3.38 & % & & & 3.78 & % \\ \hline NIM & & 3.52 & % & & & 3.45 & % & & & 3.94 & % \\ \hline NIMTE* & & 3.54 & % & & & 3.47 & % & & & 3.96 & % \\ \hline Cost of funds & & 0.13 & % & & & 0.15 & % & & & 0.29 & % \\ \hline Average portfolio loans to average & & & & & & & & \\ \hline interest-earning assets & & 57.65 & % & & & & 62.56 & % & & & & 76.69 & % & \\ \hline Average portfolio loans to average total deposits & & 61.08 & % & & & & 66.55 & % & & & & 81.80 & % & \\ \hline Average non-interest deposits to average & & & & & & & & \\ \hline total deposits & & 36.91 & % & & & & 37.46 & % & & & & 37.35 & % & \\ \hline Average interest-earning assets to average & & & & & & & & \\ \hline interest-bearing liabilities & & 165.09 & % & & & & 167.10 & % & & & & 166.64 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|c|c|} \hline & 4Q21 vs. 3Q21 & 4Q21 vs. 4Q20 \\ \hline Nonaccrual interest adjustments & 0.07 & % & 0.14 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.18 & % & 0.38 & % \\ \hline Interest rates and loan fees & (0.01) & % & (0.10) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.17) & % & (0.84) & % \\ \hline Change in NIMTE* & 0.07 & % & (0.42) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Average Balances, Yields, and Rates & & & & & \\ \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & & Average & & & Average \\ \hline & Average & Tax Equivalent & & Average & Tax Equivalent \\ \hline & Balance & Yield/Rate & & Balance & Yield/Rate \\ \hline Assets & & & & & \\ \hline Interest bearing deposits in other banks & $ & 311,536 & & 0.14 & % & & $ & 66,260 & & 0.46 & % \\ \hline Portfolio investments & & 369,172 & & 1.27 & % & & & 247,384 & & 2.26 & % \\ \hline Loans held for sale & & 101,752 & & 2.80 & % & & & 105,287 & & 3.05 & % \\ \hline Portfolio loans & & 1,478,318 & & 5.18 & % & & & 1,339,908 & & 5.08 & % \\ \hline Total interest-earning assets & & 2,260,778 & & 3.76 & % & & & 1,758,839 & & 4.40 & % \\ \hline Nonearning assets & & 171,821 & & & & & 177,208 & & \\ \hline Total assets & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline & & & & & \\ \hline Liabilities and Shareholders' Equity & & & & & \\ \hline Interest-bearing deposits & $ & 1,340,988 & & 0.23 & % & & $ & 1,040,606 & & 0.51 & % \\ \hline Borrowings & & 24,993 & & 2.79 & % & & & 35,918 & & 2.13 & % \\ \hline Total interest-bearing liabilities & & 1,365,981 & & 0.28 & % & & & 1,076,524 & & 0.56 & % \\ \hline & & & & & \\ \hline Noninterest-bearing demand deposits & & 784,092 & & & & & 597,610 & & \\ \hline Other liabilities & & 43,312 & & & & & 50,192 & & \\ \hline Shareholders' equity & & 239,214 & & & & & 211,721 & & \\ \hline Total liabilities and shareholders' equity & $ & 2,432,599 & & & & $ & 1,936,047 & & \\ \hline Net spread & & 3.48 & % & & & 3.84 & % \\ \hline NIM & & 3.58 & % & & & 4.02 & % \\ \hline NIMTE* & & 3.60 & % & & & 4.05 & % \\ \hline Cost of funds & & 0.18 & % & & & 0.36 & % \\ \hline Average portfolio loans to average interest-earning assets & & 65.39 & % & & & & 76.18 & % & \\ \hline Average portfolio loans to average total deposits & & 69.57 & % & & & & 81.79 & % & \\ \hline Average non-interest deposits to average total deposits & & 36.90 & % & & & & 36.48 & % & \\ \hline Average interest-earning assets to average interest-bearing liabilities & & 165.51 & % & & & & 163.38 & % & \\ \hline \end{table} The components of the change in NIMTE* are detailed in the table below: \begin{table}{|c|c|c|} \hline & YTD21 vs.YTD20 \\ \hline Nonaccrual interest adjustments & 0.03 & % \\ \hline Impact of SBA Paycheck Protection Program loans & 0.27 & % \\ \hline Interest rates and loan fees & (0.27) & % \\ \hline Volume and mix of interest-earning assets and liabilities & (0.48) & % \\ \hline Change in NIMTE* & (0.45) & % \\ \hline \end{table} **Additional Financial Information**(Dollars in thousands, except per share data)(Unaudited) \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline Capital Data (At quarter end) & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline Book value per share & $ & 39.54 & & $ & 39.25 & & $ & 35.45 & \\ \hline Tangible book value per share* & $ & 36.88 & & $ & 36.66 & & $ & 32.88 & \\ \hline Total shareholders' equity/total assets & & 8.73 & % & & 9.29 & % & & 10.44 & % \\ \hline Tangible Common Equity/Tangible Assets* & & 8.19 & % & & 8.73 & % & & 9.76 & % \\ \hline Tier 1 Capital / Risk Adjusted Assets & & 14.08 & % & & 14.17 & % & & 14.20 & % \\ \hline Total Capital / Risk Adjusted Assets & & 14.79 & % & & 15.00 & % & & 15.46 & % \\ \hline Tier 1 Capital / Average Assets & & 9.03 & % & & 9.48 & % & & 10.25 & % \\ \hline Shares outstanding & & 6,014,813 & & & 6,177,300 & & & 6,251,004 & \\ \hline Unrealized gain on AFS debt securities, net of income taxes & ($2,722) & & ($272) & & $1,260 & \\ \hline Unrealized (loss) on derivatives and hedging activities, net of income taxes & ($684) & & ($644) & & ($1,242) & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Profitability Ratios & & & & & & & & & & \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 & \\ \hline For the quarter: & & & & & & & & & & \\ \hline NIM & 3.52 & % & 3.45 & % & 3.48 & % & 3.90 & % & 3.94 & % \\ \hline NIMTE* & 3.54 & % & 3.47 & % & 3.50 & % & 3.92 & % & 3.96 & % \\ \hline Efficiency ratio & 73.48 & % & 68.07 & % & 67.00 & % & 60.24 & % & 65.31 & % \\ \hline Return on average assets & 1.23 & % & 1.40 & % & 1.42 & % & 2.25 & % & 1.90 & % \\ \hline Return on average equity & 13.14 & % & 14.47 & % & 14.26 & % & 21.40 & % & 18.22 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|} \hline & December 31, 2021 & & December 31, 2020 & \\ \hline Year-to-date: & & & & \\ \hline NIM & 3.58 & % & 4.02 & % \\ \hline NIMTE* & 3.60 & % & 4.05 & % \\ \hline Efficiency ratio & 66.99 & % & 66.47 & % \\ \hline Return on average assets & 1.54 & % & 1.70 & % \\ \hline Return on average equity & 15.68 & % & 15.53 & % \\ \hline \end{table} ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although we believe these non-GAAP financial measures are frequently used by stakeholders in the evaluation of the Company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. Net interest margin on a tax equivalent basis Net interest margin on a tax equivalent basis ("NIMTE") is a non-GAAP performance measurement in which interest income on non-taxable investments and loans is presented on a tax equivalent basis using a combined federal and state statutory rate of 28.43% in both 2021 and 2020. The most comparable GAAP measure is net interest margin and the following table sets forth the reconciliation of NIMTE to net interest margin. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline Net interest margin ("NIM")2 & & 3.52 & % & & & 3.45 & % & & & 3.48 & % & & & 3.90 & % & & & 3.94 & % \\ \hline & & & & & & & & & \\ \hline Net interest income & $ & 21,710 & & & $ & 20,432 & & & $ & 19,192 & & & $ & 19,493 & & & $ & 19,224 & \\ \hline Plus: reduction in tax expense related to & & & & & & & & & \\ \hline tax-exempt interest income & & 131 & & & & 126 & & & & 121 & & & & 111 & & & & 122 & \\ \hline & $ & 21,841 & & & $ & 20,558 & & & $ & 19,313 & & & $ & 19,604 & & & $ & 19,346 & \\ \hline Divided by average interest-bearing assets & & 2,446,716 & & & & 2,348,423 & & & & 2,215,256 & & & & 2,027,142 & & & & 1,941,544 & \\ \hline NIMTE2 & & 3.54 & % & & & 3.47 & % & & & 3.50 & % & & & 3.92 & % & & & 3.96 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year-to-date \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline Net interest margin ("NIM")3 & & 3.58 & % & & & 4.02 & % \\ \hline & & & \\ \hline Net interest income & $ & 80,827 & & & $ & 70,665 & \\ \hline Plus: reduction in tax expense related to & & & \\ \hline tax-exempt interest income & & 489 & & & & 613 & \\ \hline & $ & 81,316 & & & $ & 71,278 & \\ \hline Divided by average interest-bearing assets & & 2,260,778 & & & & 1,758,839 & \\ \hline NIMTE3 & & 3.60 & % & & & 4.05 & % \\ \hline \end{table} 2Calculated using actual days in the quarter divided by 365 for the quarter ended in 2021 and 366 for quarters ended in 2020. 3Calculated using actual days in the year divided by 365 for year-to-date period in 2021 and 366 for year-to-date period in 2020. ***Non-GAAP Financial Measures**(Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Tangible book value is a non-GAAP measure defined as shareholders' equity, less intangible assets, divided by common shares outstanding. The most comparable GAAP measure is book value per share and the following table sets forth the reconciliation of tangible book value per share and book value per share. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Book value per share & $39.54 & & $39.25 & & $38.22 & & $37.29 & & $35.45 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & $242,474 & & $237,218 & & $231,452 & & $221,575 \\ \hline Less: goodwill and intangible assets & & 16,009 & & & 16,019 & & & 16,028 & & & 16,037 & & & 16,046 \\ \hline & $221,808 & & $226,455 & & $221,190 & & $215,415 & & $205,529 \\ \hline Divided by common shares outstanding & & 6,015 & & & 6,177 & & & 6,207 & & & 6,207 & & & 6,251 \\ \hline Tangible book value per share & $36.88 & & $36.66 & & $35.64 & & $34.71 & & $32.88 \\ \hline \end{table} Tangible Common Equity to Tangible Assets Tangible common equity to tangible assets is a non-GAAP ratio that represents total equity less goodwill and intangible assets divided by total assets less goodwill and intangible assets. The most comparable GAAP measure of shareholders' equity to total assets is calculated by dividing total shareholders' equity by total assets and the following table sets forth the reconciliation of tangible common equity to tangible assets and shareholders' equity to total assets. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline & & & & & & & & & \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Total assets & & 2,724,719 & & & & 2,609,946 & & & & 2,453,567 & & & & 2,351,243 & & & & 2,121,798 & \\ \hline Total shareholders' equity to total assets & & 8.73 & % & & & 9.29 & % & & & 9.67 & % & & & 9.84 & % & & & 10.44 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Northrim BanCorp, Inc. & December 31, 2021 & & September 30, 2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline Total shareholders' equity & $237,817 & & & $242,474 & & & $237,218 & & & $231,452 & & & $221,575 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible common shareholders' equity & $221,808 & & & $226,455 & & & $221,190 & & & $215,415 & & & $205,529 & \\ \hline & & & & & & & & & \\ \hline Total assets & $2,724,719 & & & $2,609,946 & & & $2,453,567 & & & $2,351,243 & & & $2,121,798 & \\ \hline Less: goodwill and other intangible assets, net & & 16,009 & & & & 16,019 & & & & 16,028 & & & & 16,037 & & & & 16,046 & \\ \hline Tangible assets & $2,708,710 & & & $2,593,927 & & & $2,437,539 & & & $2,335,206 & & & $2,105,752 & \\ \hline Tangible common equity ratio & & 8.19 & % & & & 8.73 & % & & & 9.07 & % & & & 9.22 & % & & & 9.76 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|} \hline Contact: & & & Joe Schierhorn, President, CEO, and COO \\ \hline & & & (907) 261-3308 \\ \hline & & & Jed Ballard, Chief Financial Officer \\ \hline & & & (907) 261-3539 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDIxMyM0Njk2MDM2IzIwMjYzMjA=) [Image](https://ml.globenewswire.com/media/OWQ4YWNlMDgtZDg2My00NzNkLTg2ZjUtYzdlMTU4NGYyMTZkLTEwMzc4NzY=/tiny/Northrim-BanCorp-Inc.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/4b42edf4-5916-435e-92eb-37da55ba9108) Source: Northrim BanCorp Inc
Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At CNDT
Article: In trading on Friday, shares of Conduent Inc (Symbol: CNDT) touched a new 52-week low of $4.49/share. That's a $4.01 share price drop, or -47.18% decline from the 52-week high of $8.50 set back on 06/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for CNDT that means the stock would have to gain 89.31% to get back to the 52-week high. For a move like that, Conduent Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as CNDT shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, CNDT has seen 4 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/10/2021 & A. Scott Letier & Director & 10,000 & $6.89 & $68,900.00 \\ \hline 08/10/2021 & Clifford Skelton & President and CEO & 14,970 & $6.68 & $99,999.60 \\ \hline 08/12/2021 & Mark Prout & EVP, Chief Information Officer & 3,000 & $7.07 & $21,219.00 \\ \hline 08/26/2021 & Mark Simon Brewer & EVP, Transportation & 3,703 & $6.75 & $24,995.25 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where CNDT has traded over the past year, with the 50-day and 200-day moving averages included. [Conduent Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for CNDT shares, which are presently showing a last trade of $4.54/share, slightly above the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Date: 2022-01-28
Title: U.S. Steel (X) Earnings Miss Estimates in Q4, Revenues Top
Article: **United States Steel Corporation** [X](https://www.nasdaq.com/market-activity/stocks/x) logged a profit of $1,069 million or $3.75 per share in fourth-quarter 2021, surging from a profit of $49 million or 22 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were $3.64 per share. The figure missed the Zacks Consensus Estimate of $4.56. Revenues climbed around 119% year over year to $5,622 million in the reported quarter. It surpassed the Zacks Consensus Estimate of $5,483.7 million. The company benefited from a surge in prices and higher overall steel shipments in the quarter. Total steel shipments climbed around 18% year over year in the quarter. **United States Steel Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart)[United States Steel Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/X/price-consensus-eps-surprise-chart?icid=chart-X-price-consensus-eps-surprise-chart) | [United States Steel Corporation Quote](https://www.nasdaq.com/market-activity/stocks/x) ******Segment Highlights****Flat-Rolled:**The segment recorded a profit of $890 million in the fourth quarter compared with a loss of $73 million in the year-ago quarter.Steel shipments in the segment fell roughly 10% year over year to 2,032,000 tons and average realized price per ton in the unit was $1,432, up around 96% year over year. **Mini Mill:**The company added the segment after Jan 15, 2021 with the purchase of the remaining stake in Big River Steel. The segment recorded a profit of $366 million in the quarter. Shipments were 559,000 tons while average realized price per ton was $1,490. **U.S. Steel Europe:** The segment posted profits of $269 million, up from $36 million in the year-ago quarter. Shipments in the segment rose around 22% year over year to 1,028,000 tons. Average realized price per ton for the unit was $1,075, up around 65% year over year. **Tubular:**The segment posted a profit of $30 million against a loss of $32 million in the year-ago quarter. Shipments rose roughly 72% year over year to 127,000 tons. Average realized price per ton for the unit was $1,968, up roughly 55% year over year. **FY21 Results** Earnings for full-year 2021 were $14.88 per share compared with a loss of $5.92 per share a year ago. Net sales shot up 108% year over year to $20,275 million. **Financials** At the end of 2021, the company had cash and cash equivalents of $2,522 million, up around 27% year over year. Long-term debt fell roughly 18% year over year to $3,863 million.The company repurchased shares worth $150 million during the fourth quarter under the $300 million stock buyback authorization announced in October 2021. Its board also authorized a new $500 million buyback program, which is expected to commence in the first quarter of 2022. **Outlook** The company noted that it entered 2022 from a position of strength and remains focused on continuing its disciplined approach to creating shareholder value. It expects 2022 to be another strong year for the company. Its balance sheet has been transformed and its capital allocation priorities have enhanced direct returns to shareholders, U.S. Steel noted. **Price Performance** The company’s shares are down 0.8% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/steel-producers-176)’s 28.5% rise. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/46/16803.jpg?v=1882421836) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** U.S. Steel currently carries a Zacks Rank #2 (Buy).Other top-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [United States Steel Corporation (X): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=X&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858838/u-s-steel-x-earnings-miss-estimates-in-q4-revenues-top?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858838) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: GLP,MTDR,CVX
Article: Energy stocks were retreating this afternoon, with the NYSE Energy Sector Index falling 0.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.2%. The Philadelphia Oil-Service Sector index was 0.1% lower but the Dow Jones US Utilities Index was climbing 0.2%. West Texas Intermediate crude oil was rising $1.29 to $87.90 per barrel while global benchmark Brent crude was advancing $1.68 to $91.02 per barrel. Henry Hub natural gas futures were extending their recent rebound, adding $0.42 to $4.70 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold. In company news, Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was 1.4% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 1.4% lower, reversing a nearly 2% gain, that followed an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 4.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: AMC
Security: AMC Entertainment Holdings, Inc.
Related Stocks/Topics: Markets|GME
Title: Slowly Deflating, Expect AMC Stock To Fall Back to Single Digit Prices
Type: News
Publication: InvestorPlace
Publication Author: Thomas Niel
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The rate-hike selloff has been bad news for many speculative stocks. That’s especially the case for **Reddit** meme trader favorites like **AMC Entertainment** (NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **GameStop** (NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). In the case of AMC stock, the Federal Reserve’s “return to normal” with its proposed interest rate changes has sent the stock down more than 40% since Jan 3. [AMC stock: an AMC imax theater storefront](https://investorplace.com/wp-content/uploads/2019/08/amc-stock-1-300x169.jpg) Source: Sundry Photography / Shutterstock.comThat’s atop the decline experienced between Thanksgiving and New Year’s, when the Fed first made known it was raising rates. In total, shares in the movie theater chain, and meme stock king, have tumbled from just under $40 per share, to around $15 per share as of this writing.In my articles on this popular meme play, I’ve long discussed the inevitability of it falling back to a price in line with its underlying value. Admittedly, this has taken some time. Even now, as one of the factors that made it bubble up in the first place (rock-bottom interest rates) is going away, the stock’s price deflation is happening at a relatively slow pace.Nevertheless, you can expect it to continue. The self-described “Apes,” or devoted fans of the stock, continue to make their exit. Without this pool of investors, valuing the stock on factors outside of fundamentals? Investors who price stocks based on time-tested methods are slowly taking back control. In time, it’ll fall to its fair value. **AMC Stock and The End of Meme Mania** It took some time, but the phenomenon that sent this and other stocks “to the moon” may have finally ended. At least, that’s the take of Investors Business Daily, which on Jan. 24 declared it [“game over for meme stocks.”](https://www.investors.com/etfs-and-funds/sectors/sp500-meme-stock-crash-costs-speculators-48-9-billion/) - [7 IT Stocks to Buy No Matter What Earnings Season Brings](https://investorplace.com/2022/01/7-it-stocks-to-buy-no-matter-what-earnings-season-brings/?utm_source=Nasdaq&utm_medium=referral) With rates rising, fundamentals are back into focus. In turn, we’ve reached the end of the line for the absurd valuations seen with AMC stock, GME stock, and other meme plays once considered “unsinkable.” Downward pressure from this has led many prior devoted fans of both names to quickly lose their “diamond hands,” throwing the towel in a wave of panic selling.Now that meme mania is “over,” you may think AMC is on the verge of bottoming out. After all, despite the big selloff, this remains [one of the most-talked about stocks on Reddit](https://wsbtrackers.com/). That may be a sign of one last big rally, right?Maybe, maybe not. There may still be a lot of talk about it on r/WallStreetBets and other subreddits.Yet looking at Reddit threads, it appears many users making new posts about it are simply grasping for straws. For instance, one post from a few days back, where the poster is asking around about the [chances of another short-squeeze](https://www.reddit.com/r/wallstreetbets/comments/scs2xg/pessimistically_speaking_will_the_amc_squeeze/). The replies to it from members of the meme community lean toward the bearish side. With many in this sphere reading the writing on the wall, I believe more meme stockers will exit rather than re-enter the AMC stock from here. **On The Road Back to Fair Value** I’ll admit that the exodus of AMC stock “Apes” isn’t going to be instantaneous. However, as market trends move more out of its favor, those still holding the proverbial bag will finally decide to give up and move on. So, what’s the end game for AMC shares?A price below $10 per share. How far below $10 per share is still up for debate. On one hand, it may not be at risk of falling completely back to the low-single digits it traded for in January 2021, just before the meme stock trend emerged. Mainly, because unlike “pre-meme era,” the company is relatively better capitalized, thanks to the secondary offerings it completed last year.On the other hand, these secondary offerings resulted in high shareholder dilution. During the meme era, its share count ballooned from [around 103.8 million](https://www.sec.gov/Archives/edgar/data/0001411579/000141157919000013/c579-20181231x10k.htm), to [nearly 514 million](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000141157921000069/amc-20210930x10q.htm). The pie’s now cut into many more slices. Even if its results get back to pre-virus levels ([which in itself is questionable](https://investorplace.com/2022/01/amc-stock-could-resume-downward-slide-so-watch-out/?utm_source=Nasdaq&utm_medium=referral))), that doesn’t mean the business will be worth the $7-$10 per share it traded for in late 2019.With this, the fair value of AMC stock may not be $10.45 per share, which is the [average analyst price target](https://www.wsj.com/market-data/quotes/AMC/research-ratings) (according to the Wall Street Journal). Instead, it may be more in line with the $6 per share median price target predicted by the sell-side. Either way, there’s no use splitting hairs. No matter how you slice it, the stock has substantial room to fall before it’s in “bottomed out” territory. **The Verdict: We’ve Reached The End Credits With the AMC Saga** Higher interest rates have been the straw that broke the meme stock trend’s back. First, fair weather speculations panicked out of it. Now, the “Ape” crowd has done so as well. A few may be staying in it for now. Yet as the chances of a rebound look dim, they’ll cash out as well.We’ve reached the end credits with the AMC stock saga. There’s no need to stick around. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.The post [Slowly Deflating, Expect AMC Stock To Fall Back to Single Digit Prices](https://investorplace.com/2022/01/amc-stock-slowly-deflating-expect-it-to-fall-back-to-single-digit-prices/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 16.1043
Stock Price 2 days before: 15.7711
Stock Price 1 day before: 14.63
Stock Price at release: 14.5698
Risk-Free Rate at release: 0.0004
| 17.6217 |
Broader Economic Information:
Date: 2022-01-28
Title: AdvanSix (ASIX) Dips More Than Broader Markets: What You Should Know
Article: AdvanSix (ASIX) closed at $41.64 in the latest trading session, marking a -1.16% move from the prior day. This change lagged the S&P 500's daily loss of 0.54%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, lost 0.12%.Coming into today, shares of the polymer resins producer had lost 9.05% in the past month. In that same time, the Basic Materials sector lost 2.26%, while the S&P 500 lost 7.87%. Wall Street will be looking for positivity from AdvanSix as it approaches its next earnings report date. This is expected to be February 18, 2022. In that report, analysts expect AdvanSix to post earnings of $0.81 per share. This would mark a year-over-year decline of 13.83%. Our most recent consensus estimate is calling for quarterly revenue of $408.3 million, up 19.99% from the year-ago period.Any recent changes to analyst estimates for AdvanSix should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.32% higher. AdvanSix is holding a Zacks Rank of #1 (Strong Buy) right now.Digging into valuation, AdvanSix currently has a Forward P/E ratio of 8.13. Its industry sports an average Forward P/E of 16.3, so we one might conclude that AdvanSix is trading at a discount comparatively. The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_515_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1858651) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1858651) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_515&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1858651) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858651/advansix-asix-dips-more-than-broader-markets-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6-1858651) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Lowe's + Petco Store-in-store Set For Launch
Article: (RTTNews) - Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under one roof. This "one-of-a-kind specialty retail partnership" brings Petco shops to select Lowe's locations to offer customers trusted products, services and expertise for both home and pets in one, convenient stop at select Lowe's locations. "Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to create healthy, happy homes for pet parents and the pets they love," said Nick Konat, Petco's chief merchandising officer. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February. The company also plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. These Lowe's + Petco locations will offer pet parents a curated assortment of Petco's high-quality pet nutrition as well as health and wellness supplies and services, including Petco's beloved owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh, as well as a variety of popular national brands. This will add to Lowe's existing "pets welcome" atmosphere and selection of pet-friendly products such as STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies. All these products from Petco will also be available to purchase in store or on Lowes.com to be picked up curbside, in contactless pickup lockers or at the Customer Service desk at Lowe's pilot locations at no additional cost. Lowe's + Petco locations are also expected to offer a selection of Petco's pet services, including Vetco vaccination clinics, microchipping, prescription pest prevention, and mobile grooming at select times and locations. Lowe's is also looking to staff these Lowe's + Petco pilot locations with knowledgeable Petco employees during peak hours to offer pet-focused guidance alongside Lowe's associates' advice on home improvement projects. According to a recent online survey conducted by TRUE Global Intelligence on behalf of Lowe's, more than 11 million new pets entered U.S. homes since the start of the pandemic, with 67 percent of respondents having found their greatest comfort in their pets while nearly half found that comfort in their homes.
Date: 2022-01-28
Title: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)
Article: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Notable Friday Option Activity: CWH, SC, DDOG
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS
Article: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.
Broader Industry Information:
Date: 2022-01-28
Title: VAALCO Energy Declares Initial Quarterly Dividend
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("**VAALCO**" or the "**Company**")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, "In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value." \begin{table}{|c|c|} \hline For Further Information & \\ \hline & \\ \hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\ \hline Website: & www.vaalco.com \\ \hline & \\ \hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\ \hline Al Petrie / Chris Delange & \\ \hline & \\ \hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\ \hline Ben Romney / Jon Krinks/ James Husband & [email protected] \\ \hline \end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.
Date: 2022-01-28
Title: Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2021 Financial Results
Article: ALEXANDRIA, La., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2021. Net income for the fourth quarter of 2021 was $8.5 million, or $1.17 per diluted common share ("EPS"), an increase of $372,000, or 4.6%, compared to $8.1 million, or $1.12 EPS, for the third quarter of 2021, and an increase of $1.2 million, or 17.2%, compared to $7.3 million, or $0.99 EPS, for the fourth quarter of 2020. For the fourth quarter of 2021, the quarterly return on assets was 1.09% and the quarterly return on equity was 11.33%. Net income for the year ended December 31, 2021, was $33.0 million, or $4.51 EPS, an increase of $4.8 million, or 17.1%, compared to $28.1 million, or $3.83 EPS, for the year ended December 31, 2020. For the year ended December 31, 2021, the return on assets was 1.13% and the return on equity was 11.21%. **Fourth Quarter and Year-End 2021 Performance and Operational Highlights** In the fourth quarter of 2021, the Company had robust deposit and asset growth, solid earnings, and a continued high level of liquidity. The Company began providing banking services in New Orleans, Louisiana, our newest market, through a combined loan and deposit production office ("LPO/DPO"). The Company also finalized a large private stock repurchase that completed the stock repurchase program announced on August 31, 2021. The fourth quarter of 2021 began with a declining trend of COVID-19 cases and hospitalizations in the Louisiana markets served by Red River Bank. However, as a result of the emergence of the Omicron variant in December 2021, the number of cases and hospitalizations increased toward the end of the quarter. Economic activity in Louisiana remained relatively stable, although the economy is still impacted by supply chain disruptions and labor shortages. - Net income for the fourth quarter of 2021 was $8.5 million, $372,000 higher than the prior quarter, primarily due to higher net interest income, partially offset by higher personnel expenses. - Assets increased $203.9 million in the fourth quarter of 2021 to $3.22 billion as of December 31, 2021, primarily driven by a $205.8 million increase in deposits. The deposit growth was largely the result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. - Net interest income for the fourth quarter of 2021 was $18.8 million, $666,000 higher than the prior quarter. This increase was primarily due to deploying funds into loans and securities. - Personnel expenses for the fourth quarter of 2021 were $8.4 million, $406,000 higher than the prior quarter. This increase was primarily due to adding new staff in connection with our expansion in new and existing markets. - There was $196,000 of nonrecurring gains on sales of properties in the fourth quarter of 2021. - Red River Bank is participating in the Small Business Administration ("SBA") Paycheck Protection Program ("PPP"). As of December 31, 2021, PPP loans were $17.6 million, net of $626,000 of deferred income, or 1.0% of loans held for investment ("HFI"). In the fourth quarter of 2021, forgiveness payments on PPP loans resulted in a $28.4 million decrease in PPP loans, net of deferred fees. PPP loan income for the fourth quarter of 2021 was $1.2 million, $155,000 lower than the prior quarter. PPP loan income for 2021 was $5.8 million, compared to $5.6 million for 2020. - As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021. The growth in non-PPP loans HFI was a result of new loans in New Orleans, our newest market, and increased loan activity in other markets. - Nonperforming assets ("NPA(s)") decreased $1.4 million in the fourth quarter and were $979,000, or 0.03% of assets as of December 31, 2021. As of December 31, 2021, the allowance for loan losses ("ALL") was $19.2 million, or 1.14% of loans HFI and 1.15%(1) of non-PPP loans HFI (non-GAAP). - We paid a quarterly cash dividend of $0.07 per common share. - In the third quarter of 2021, the board of directors renewed a stock repurchase program, authorizing the Company to purchase up to $5.0 million of outstanding shares of common stock between September 1, 2021 and August 31, 2022. In accordance with this stock repurchase program, in the fourth quarter of 2021 we entered into a privately-negotiated stock repurchase agreement and repurchased 96,245 shares of our common stock for $4.9 million. As a result of this transaction, the Company has purchased the full amount authorized by this stock repurchase program. - In the fourth quarter of 2021, as part of our continued Louisiana market expansion plan, we began operations in our newest market, New Orleans, Louisiana. We have hired a New Orleans market president and seven additional New Orleans bankers. On December 6, 2021, we opened an LPO/DPO in downtown New Orleans and began providing banking services in this new market. - In our Acadiana market, renovations have been completed on a new banking center location that we purchased in 2020. This location opened as the first Red River Bank full-service banking center in Lafayette, Louisiana on January 26, 2022. Red River Bank also has an LPO/DPO in the Acadiana market. Blake Chatelain, President and Chief Executive Officer, stated, "The fourth quarter of 2021 resulted in robust balance sheet growth, consistent performance, improved asset quality, continued execution of our organic growth plans, and a significant stock buyback transaction. "Deposits and assets increased significantly in the fourth quarter of 2021 due to customers maintaining higher deposit balances and the seasonal inflow of public entity funds. Loan growth faced headwinds with loan paydowns and payoffs; however, these challenges were offset by lending opportunities in our newer markets and our lenders' calling activity. This activity resulted in a 5.7% increase in non-PPP loans in the fourth quarter of 2021. "In December 2021, we opened an LPO/DPO in the New Orleans downtown business district, and our bankers are seeing steady activity already. In addition to a team of eight local bankers hired for the New Orleans market, we were pleased to add an additional, experienced commercial lender in our Northshore market. "In our Acadiana market, we were excited to have opened our first full-service banking center in Lafayette in January 2022. "As a result of having the stock buyback program, we were able to repurchase a large block of shares in a privately-negotiated transaction. This transaction utilized all of the funds in the existing stock repurchase program. We expect to execute a new stock repurchase program in the first quarter of 2022, subject to board approval and market conditions. "We are saddened by the loss of our longtime friend and founding director of the Company and the Bank, Barry Hines, who passed away in late December 2021. Barry made tremendous contributions to the Company and the Bank, and his wit, wisdom, counsel, and love of life will be greatly missed. "As we begin 2022, I want to recognize the Red River Bank team members who made 2021 a successful year. They worked tirelessly through many challenges to take care of our customers and to continue to build a strong, solid, community bank focused on building shareholder value. Also, on behalf of the Red River Bancshares, Inc. board of directors, I want to thank our shareholders for their loyalty, enthusiasm, and support over the years. We look forward to continued success in 2022 and beyond." **Net Interest Income and Net Interest Margin FTE** Net interest income increased and the net interest margin fully tax equivalent ("FTE") decreased for the fourth quarter of 2021 when compared to the prior quarter. These measures were both impacted by a continued high level of liquidity and the continued low interest rate environment. Net interest income for the fourth quarter of 2021 was $18.8 million, which was $666,000, or 3.7%, higher than the third quarter of 2021, due to a $633,000 increase in interest and dividend income and a $33,000 decrease in interest expense. The increase in interest and dividend income was primarily due to an increase in non-PPP loan income and an increase in securities income, partially offset by a decrease in PPP loan income. Non-PPP loan income increased $577,000 due to a $69.7 million increase in the average balance of non-PPP loans, partially offset by lower rates on new and renewed non-PPP loans. Securities income increased $192,000 due to a higher average balance of securities resulting from investing short-term liquid assets into securities, partially offset by the impact of lower yields compared to the prior quarter. PPP loan income decreased $155,000 due to a lower average balance of PPP loans outstanding and lower fees recognized to income on PPP loans. Interest expense decreased in the fourth quarter of 2021 as a result of our third quarter adjustment to rates, which impacted new and renewing time deposits, partially offset by an increase in the average balance of interest-bearing transaction deposits. The net interest margin FTE decreased eight basis points ("bp(s)") to 2.52% for the fourth quarter of 2021, compared to 2.60% for the prior quarter. Contributing to this decrease was an increase in the average balance of short-term liquid assets, an 11 bp decrease in the yield on securities, and a three bp decrease in the yield on non-PPP loans. Average short-term liquid assets were $701.0 million, which was $68.7 million, or 10.9%, higher than the prior quarter and 23.4% of average earning assets. In the fourth quarter of 2021, on a stand-alone basis, this level of liquidity had a 73 bp dilutive impact to the net interest margin FTE. The yield on securities decreased because we reallocated funds from short-term liquid assets yielding 0.14% into securities yielding 0.99%, which was a lower yield than the existing portfolio. The net interest margin FTE for the fourth quarter of 2021 benefited from an increase in PPP loan yield and a seven bp decrease in the rate on time deposits as a result of our third quarter adjustment to deposit rates, which impacted new and renewing time deposits. Average PPP loans outstanding, net of deferred income, for the fourth quarter of 2021 were $29.2 million, which was $34.0 million lower than the prior quarter. During the fourth quarter we received $29.6 million in SBA forgiveness and borrower repayments on PPP loans, compared to $37.7 million in the prior quarter. PPP loans have a 1.0% interest rate, and PPP loan origination fees are recorded to interest income over the loan term, or until the loans are forgiven by the SBA or repaid by the borrower. When PPP loan forgiveness payments or borrower payments are received in full, the remaining portion of origination fees are recorded to income. For the fourth quarter of 2021, PPP loan interest and fees totaled $1.2 million, resulting in a 16.46% yield, compared to $1.4 million in interest and fees and an 8.57% yield for the prior quarter. The decrease in PPP loan income was primarily due to a lower amount of PPP loans forgiven by the SBA in the fourth quarter of 2021 than in the third quarter. The increase in PPP loan yield was primarily due to forgiving loans with higher origination fee percentages in the fourth quarter of 2021 when compared to the prior quarter. As of December 31, 2021, deferred PPP fees were $626,000. Excluding PPP loan income, net interest income (non-GAAP) for the fourth quarter of 2021 was $17.6 million,(1) which was $821,000, or 4.9%, higher than the third quarter of 2021. Also, with PPP loans excluded for the fourth quarter of 2021, the yield on non-PPP loans (non-GAAP) was 3.90%,(1) and the net interest margin FTE (non-GAAP) was 2.38%(1). For the fourth quarter of 2021, PPP loans had a 23 bp accretive impact to the yield on loans and a 14 bp accretive impact to the net interest margin FTE. The Federal Open Market Committee is expected to raise the target federal funds rate several times in 2022. Our balance sheet is asset sensitive, and historically, our deposit interest rates have adjusted more slowly than the change in the federal funds rate. As of December 31, 2021, floating rate loans were 15.0% of loans HFI, and floating rate transaction deposits were 4.4% of interest-bearing transaction deposits. Dependent upon balance sheet activity and excluding PPP loans, we expect an increasing rate environment to have a positive effect on our net interest income and net interest margin FTE in 2022. **Provision for Loan Losses** The provision for loan losses for the fourth quarter of 2021 was $150,000, which was consistent with the prior quarter provision. The economic activity in Louisiana remained relatively consistent, and our asset quality metrics improved in both quarters. Provision expense was $1.9 million for 2021, compared to $6.3 million for 2020. The provision for loan losses was higher in 2020 due to economic pressures relating to the COVID-19 pandemic. **Noninterest Income** Noninterest income totaled $5.7 million for the fourth quarter of 2021, an increase of $29,000, or 0.5%, compared to $5.6 million for the previous quarter. The increase was mainly due to gains on sales of properties, partially offset by lower mortgage loan income and reduced income from a Small Business Investment Company ("SBIC") limited partnership of which Red River Bank is a member. Other income for the fourth quarter of 2021 was $214,000, compared to a net loss of $14,000 for the third quarter of 2021. In the fourth quarter of 2021, other real estate owned ("OREO") properties and a bank property were sold, resulting in a nonrecurring $196,000 net gain on sale. In the third quarter of 2021, a $34,000 valuation reduction was recorded on an OREO property. Mortgage loan income totaled $1.7 million for the fourth quarter of 2021, a decrease of $103,000, or 5.8%, compared to $1.8 million for the third quarter of 2021. This decrease was primarily the result of seasonal, reduced mortgage loan demand. SBIC income for the fourth quarter of 2021 was $38,000, a decrease of $98,000, or 72.1%, from the prior quarter due to lower operating income being distributed by the SBIC. **Operating Expenses** Operating expenses for the fourth quarter of 2021 totaled $14.0 million, an increase of $332,000, or 2.4%, compared to $13.7 million for the previous quarter. This increase was mainly due to higher personnel expenses, partially offset by lower loan and deposit expenses and lower technology expenses. Personnel expenses totaled $8.4 million for the fourth quarter of 2021, up $406,000, or 5.1%, from the third quarter of 2021. This increase was due to adding new staff in expansion markets in the fourth quarter of 2021, combined with a lower COVID-19 payroll benefit resulting from the expiration of employer credits under the Families First Coronavirus Response Act on September 30, 2021. Loan and deposit expenses totaled $243,000 for the fourth quarter of 2021, a decrease of $82,000, or 25.2%, from the previous quarter. This decrease was a result of the transition to a new appraisal tracking system in the second quarter of 2021, which temporarily increased loan expenses in the third quarter of 2021. The new, digital appraisal system has improved the efficiency of our appraisal process. Technology expenses totaled $667,000 for the fourth quarter of 2021, a decrease of $67,000, or 9.1%, from the previous quarter. This decrease was due to $35,000 of nonrecurring expenses in the third quarter of 2021 related to opening a new banking center in Lake Charles, as well as lower communication expenses in the fourth quarter of 2021 resulting from a more favorable contract with a communications service provider. **Asset Overview** As of December 31, 2021, assets totaled $3.22 billion, which was $203.9 million, or 6.8%, higher than $3.02 billion as of September 30, 2021. This increase was primarily due to a $205.8 million increase in deposits in the fourth quarter. Loans HFI increased $61.2 million, or 3.8%, in the fourth quarter of 2021. Because deposit growth exceeded loan growth, excess funds were deployed into securities and interest-bearing deposits in other banks. Securities available-for-sale increased $91.0 million to $659.2 million and were 21.1% of earning assets as of December 31, 2021. Interest-bearing deposits in other banks increased $67.8 million to $761.7 million and were 24.4% of earning assets as of December 31, 2021. The loans HFI to deposits ratio was 57.86% as of December 31, 2021, compared to 59.99% as of September 30, 2021. Assets excluding PPP loans, net of deferred income (non-GAAP) as of December 31, 2021, totaled $3.21 billion,(1) an increase of $232.3 million, or 7.8%, from $2.97 billion(1) as of September 30, 2021. The non-PPP loans HFI to deposits ratio (non-GAAP) was 57.25%(1) as of December 31, 2021, compared to 58.29%(1) as of September 30, 2021. **Loans** Loans HFI as of December 31, 2021, were $1.68 billion, an increase of $61.2 million, or 3.8%, from September 30, 2021. As of December 31, 2021, non-PPP loans HFI were $1.67 billion,(1) an increase of $89.7 million, or 5.7%, from September 30, 2021, due to new loan activity in New Orleans, our newest market, and increased activity in other markets. Red River Bank began participating in the SBA PPP in the second quarter of 2020. Through December 31, 2021, we had received $198.6 million in SBA forgiveness and borrower payments on 99.9% of the PPP First Draw loans originated and $40.6 million in SBA forgiveness and borrower payments on 78.7% of the PPP Second Draw loans originated. As of December 31, 2021, PPP loans totaled $17.6 million, net of $626,000 of deferred income, and were 1.0% of loans HFI. Our health care loans are made up of a diversified portfolio of health care providers. As of December 31, 2021, total health care credits were 8.3% of non-PPP loans HFI (non-GAAP), nursing and residential care loans were 3.6% of non-PPP loans HFI (non-GAAP), and loans to physician and dental practices were 4.6% of non-PPP loans HFI (non-GAAP). The average loan size of health care credits was $295,000. On March 5, 2021, it was announced that certain U.S. Dollar London Interbank Offered Rate ("LIBOR") rates would cease to be published after June 30, 2023. As of December 31, 2021, 3.6% of our non-PPP loans HFI (non-GAAP) were LIBOR-based with a setting that expires June 30, 2023. Alternative rate language is present in each credit agreement with a LIBOR-based rate. We do not anticipate any issues with transitioning each loan to a non-LIBOR-based rate. **Asset Quality and Allowance for Loan Losses** NPAs totaled $979,000 as of December 31, 2021, down $1.4 million, or 59.7%, from September 30, 2021, primarily due to the payoff and charge-off of nonaccrual loans. The ratio of NPAs to total assets improved to 0.03% as of December 31, 2021, from 0.08% as of September 30, 2021. As of December 31, 2021, the ALL was $19.2 million. The ratio of ALL to loans HFI was 1.14% as of December 31, 2021, and 1.18% as of September 30, 2021. The ratio of ALL to non-PPP loans HFI (non-GAAP) was 1.15%(1) as of December 31, 2021, and 1.22%(1) as of September 30, 2021. The net charge-off ratio was 0.01% for the fourth quarter of 2021 and 0.03% for the third quarter of 2021. **Deposits** Deposits as of December 31, 2021, were $2.91 billion, an increase of $205.8 million, or 7.6%, compared to September 30, 2021. Average deposits for the fourth quarter of 2021 were $2.79 billion, an increase of $188.6 million, or 7.3%, from the prior quarter. This increase was primarily a result of customers maintaining higher deposit balances and the seasonal inflow of funds from public entity customers. Noninterest-bearing deposits totaled $1.15 billion as of December 31, 2021, up $6.0 million, or 0.5%, from September 30, 2021. As of December 31, 2021, noninterest-bearing deposits were 39.50% of total deposits. Interest-bearing deposits totaled $1.76 billion as of December 31, 2021, up $199.8 million, or 12.8%, compared to September 30, 2021. **Stockholders’ Equity** Total stockholders’ equity decreased to $298.2 million as of December 31, 2021, from $298.7 million as of September 30, 2021. The $538,000 decrease in stockholders’ equity during the fourth quarter of 2021 was attributed to the repurchase of 96,245 shares of our common stock for $4.9 million, a $3.7 million, net of tax, market adjustment to accumulated other comprehensive income related to securities available-for-sale, and $502,000 in cash dividends, partially offset by $8.5 million of net income, and $63,000 of stock compensation. We paid a quarterly cash dividend of $0.07 per share on December 16, 2021. **Non-GAAP Disclosure** Our accounting and reporting policies conform to United States generally accepted accounting principles ("GAAP") and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission's ("SEC") rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S. Management and the board of directors review tangible book value per share and tangible common equity to tangible assets, and PPP-adjusted metrics as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that are discussed may differ from that of other companies reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures. A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. **About Red River Bancshares, Inc.** The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 27 banking centers throughout Louisiana and two combined loan and deposit production offices, one each in Lafayette, Louisiana and New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; and Acadiana, which includes the Lafayette MSA. **Forward-Looking Statements** Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement. Contact:Isabel V. Carriere, CPA, CGMAExecutive Vice President and Chief Financial Officer318-561-4023 [[email protected]](https://www.globenewswire.com/Tracker?data=_qyhkaXlbi0Y7J8DsiMuhPVtx5kPQzocm60W8kJnTEpQQQVGnGWCultL9S6SbF-ew3tJjmnnVm7YnPzUd9MVdsUFR5VfZaGmQJdAEbsnEpUGwMtyK3erDC4Wo2Qr0bS-) (1) Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline FINANCIAL HIGHLIGHTS (UNAUDITED) \\ \hline \\ \hline & As of and for theThree Months Ended & & As of and for theYear Ended \\ \hline (Dollars in thousands, except per share data) & December 31, 2021 & & September 30,2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline Net Income & $ & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 & \\ \hline & & & & & & & & & \\ \hline Per Common Share Data: & & & & & & & & & \\ \hline Earnings per share, basic & $ & 1.18 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.53 & & & $ & 3.84 & \\ \hline Earnings per share, diluted & $ & 1.17 & & & $ & 1.12 & & & $ & 0.99 & & & $ & 4.51 & & & $ & 3.83 & \\ \hline Book value per share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & & & $ & 41.52 & & & $ & 38.97 & \\ \hline Tangible book value per share(1) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & & & $ & 41.31 & & & $ & 38.76 & \\ \hline Cash dividends per share & $ & 0.07 & & & $ & 0.07 & & & $ & 0.06 & & & $ & 0.28 & & & $ & 0.24 & \\ \hline Shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & & & & 7,180,155 & & & & 7,325,333 & \\ \hline Weighted average shares outstanding, basic & & 7,229,324 & & & & 7,278,192 & & & & 7,325,333 & & & & 7,281,136 & & & & 7,322,158 & \\ \hline Weighted average shares outstanding, diluted & & 7,247,277 & & & & 7,294,011 & & & & 7,343,859 & & & & 7,299,720 & & & & 7,345,045 & \\ \hline & & & & & & & & & \\ \hline Summary Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.09 & % & & & 1.11 & % & & & 1.13 & % & & & 1.13 & % & & & 1.22 & % \\ \hline Return on average equity & & 11.33 & % & & & 10.83 & % & & & 10.23 & % & & & 11.21 & % & & & 10.39 & % \\ \hline Net interest margin & & 2.46 & % & & & 2.54 & % & & & 3.01 & % & & & 2.54 & % & & & 3.09 & % \\ \hline Net interest margin FTE & & 2.52 & % & & & 2.60 & % & & & 3.08 & % & & & 2.60 & % & & & 3.14 & % \\ \hline Efficiency ratio & & 57.33 & % & & & 57.61 & % & & & 53.66 & % & & & 56.39 & % & & & 55.77 & % \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % & & & 57.86 & % & & & 67.87 & % \\ \hline Noninterest-bearing deposits to deposits ratio & & 39.50 & % & & & 42.29 & % & & & 40.32 & % & & & 39.50 & % & & & 40.32 & % \\ \hline Noninterest income to average assets & & 0.72 & % & & & 0.77 & % & & & 0.97 & % & & & 0.84 & % & & & 1.00 & % \\ \hline Operating expense to average assets & & 1.79 & % & & & 1.86 & % & & & 2.08 & % & & & 1.87 & % & & & 2.22 & % \\ \hline & & & & & & & & & \\ \hline Summary Credit Quality Ratios: & & & & & & & & & \\ \hline Nonperforming assets to total assets & & 0.03 & % & & & 0.08 & % & & & 0.16 & % & & & 0.03 & % & & & 0.16 & % \\ \hline Nonperforming loans to loans HFI & & 0.02 & % & & & 0.09 & % & & & 0.21 & % & & & 0.02 & % & & & 0.21 & % \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % & & & 1.14 & % & & & 1.13 & % \\ \hline Net charge-offs to average loans & & 0.01 & % & & & 0.03 & % & & & 0.06 & % & & & 0.04 & % & & & 0.14 & % \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Total stockholders' equity to total assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % & & & 9.25 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (1) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % & & & 9.20 & % & & & 10.75 & % \\ \hline Total risk-based capital to risk-weighted assets & & 17.83 & % & & & 18.74 & % & & & 18.68 & % & & & 17.83 & % & & & 18.68 & % \\ \hline Tier 1 risk-based capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Common equity Tier 1 capital to risk-weighted assets & & 16.76 & % & & & 17.60 & % & & & 17.55 & % & & & 16.76 & % & & & 17.55 & % \\ \hline Tier 1 risk-based capital to average assets & & 9.67 & % & & & 10.21 & % & & & 10.92 & % & & & 9.67 & % & & & 10.92 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED BALANCE SHEETS (UNAUDITED) \\ \hline \\ \hline (in thousands) & December 31, 2021 & & September 30,2021 & & June 30, 2021 & & March 31, 2021 & & December 31, 2020 \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 23,143 & & & $ & 36,614 & & & $ & 33,728 & & & $ & 36,856 & & & $ & 29,537 & \\ \hline Interest-bearing deposits in other banks & & 761,721 & & & & 693,950 & & & & 633,744 & & & & 566,144 & & & & 417,664 & \\ \hline Securities available-for-sale & & 659,178 & & & & 568,199 & & & & 512,012 & & & & 515,942 & & & & 498,206 & \\ \hline Equity securities & & 7,846 & & & & 7,920 & & & & 3,961 & & & & 3,951 & & & & 4,021 & \\ \hline Nonmarketable equity securities & & 3,450 & & & & 3,449 & & & & 3,449 & & & & 3,447 & & & & 3,447 & \\ \hline Loans held for sale & & 4,290 & & & & 8,782 & & & & 12,291 & & & & 18,449 & & & & 29,116 & \\ \hline Loans held for investment & & 1,683,832 & & & & 1,622,593 & & & & 1,600,388 & & & & 1,602,086 & & & & 1,588,446 & \\ \hline Allowance for loan losses & & (19,176 & ) & & & (19,168 & ) & & & (19,460 & ) & & & (19,377 & ) & & & (17,951 & ) \\ \hline Premises and equipment, net & & 48,056 & & & & 47,432 & & & & 47,414 & & & & 46,950 & & & & 46,924 & \\ \hline Accrued interest receivable & & 6,245 & & & & 5,927 & & & & 6,039 & & & & 6,460 & & & & 6,880 & \\ \hline Bank-owned life insurance & & 28,061 & & & & 27,886 & & & & 27,710 & & & & 22,546 & & & & 22,413 & \\ \hline Intangible assets & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & & & & 1,546 & \\ \hline Right-of-use assets & & 3,743 & & & & 3,847 & & & & 3,950 & & & & 4,053 & & & & 4,154 & \\ \hline Other assets & & 12,775 & & & & 11,807 & & & & 11,704 & & & & 11,619 & & & & 8,231 & \\ \hline Total Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & \\ \hline Noninterest-bearing deposits & $ & 1,149,672 & & & $ & 1,143,693 & & & $ & 1,031,486 & & & $ & 1,015,350 & & & $ & 943,615 & \\ \hline Interest-bearing deposits & & 1,760,676 & & & & 1,560,890 & & & & 1,538,113 & & & & 1,499,925 & & & & 1,396,745 & \\ \hline Total Deposits & & 2,910,348 & & & & 2,704,583 & & & & 2,569,599 & & & & 2,515,275 & & & & 2,340,360 & \\ \hline Accrued interest payable & & 1,310 & & & & 1,340 & & & & 1,432 & & & & 1,699 & & & & 1,774 & \\ \hline Lease liabilities & & 3,842 & & & & 3,943 & & & & 4,042 & & & & 4,138 & & & & 4,233 & \\ \hline Accrued expenses and other liabilities & & 11,060 & & & & 12,230 & & & & 10,479 & & & & 14,649 & & & & 10,789 & \\ \hline Total Liabilities & & 2,926,560 & & & & 2,722,096 & & & & 2,585,552 & & & & 2,535,761 & & & & 2,357,156 & \\ \hline COMMITMENTS AND CONTINGENCIES & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline STOCKHOLDERS' EQUITY & & & & & & & & & \\ \hline Preferred stock, no par value & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Common stock, no par value & & 60,233 & & & & 65,130 & & & & 65,934 & & & & 67,093 & & & & 68,055 & \\ \hline Additional paid-in capital & & 1,814 & & & & 1,751 & & & & 1,692 & & & & 1,638 & & & & 1,545 & \\ \hline Retained earnings & & 239,876 & & & & 231,868 & & & & 224,240 & & & & 216,511 & & & & 208,957 & \\ \hline Accumulated other comprehensive income (loss) & & (3,773 & ) & & & (61 & ) & & & 1,058 & & & & (331 & ) & & & 6,921 & \\ \hline Total Stockholders' Equity & & 298,150 & & & & 298,688 & & & & 292,924 & & & & 284,911 & & & & 285,478 & \\ \hline Total Liabilities and Stockholders' Equity & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,878,476 & & & $ & 2,820,672 & & & $ & 2,642,634 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) \\ \hline & & & & & & & & & \\ \hline & For the Three Months Ended & & For the Year Ended \\ \hline (in thousands) & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & & December 31, 2021 & & December 31, 2020 \\ \hline INTEREST AND DIVIDEND INCOME & & & & & & & & & \\ \hline Interest and fees on loans & $ & 17,415 & & & $ & 16,993 & & & $ & 18,605 & & & $ & 67,923 & & & $ & 69,228 \\ \hline Interest on securities & & 2,412 & & & & 2,220 & & & & 1,834 & & & & 8,660 & & & & 7,601 \\ \hline Interest on federal funds sold & & 21 & & & & 20 & & & & 28 & & & & 88 & & & & 207 \\ \hline Interest on deposits in other banks & & 226 & & & & 202 & & & & 58 & & & & 658 & & & & 322 \\ \hline Dividends on stock & & 1 & & & & 7 & & & & 1 & & & & 10 & & & & 20 \\ \hline Total Interest and Dividend Income & & 20,075 & & & & 19,442 & & & & 20,526 & & & & 77,339 & & & & 77,378 \\ \hline INTEREST EXPENSE & & & & & & & & & \\ \hline Interest on deposits & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,362 \\ \hline Interest on other borrowed funds & & — & & & & — & & & & — & & & & — & & & & 16 \\ \hline Total Interest Expense & & 1,300 & & & & 1,333 & & & & 1,865 & & & & 5,617 & & & & 8,378 \\ \hline Net Interest Income & & 18,775 & & & & 18,109 & & & & 18,661 & & & & 71,722 & & & & 69,000 \\ \hline Provision for loan losses & & 150 & & & & 150 & & & & 2,675 & & & & 1,900 & & & & 6,293 \\ \hline Net Interest Income After Provision for Loan Losses & & 18,625 & & & & 17,959 & & & & 15,986 & & & & 69,822 & & & & 62,707 \\ \hline NONINTEREST INCOME & & & & & & & & & \\ \hline Service charges on deposit accounts & & 1,318 & & & & 1,258 & & & & 1,107 & & & & 4,775 & & & & 4,108 \\ \hline Debit card income, net & & 1,071 & & & & 1,094 & & & & 1,011 & & & & 4,415 & & & & 3,641 \\ \hline Mortgage loan income & & 1,667 & & & & 1,770 & & & & 2,679 & & & & 8,676 & & & & 8,398 \\ \hline Brokerage income & & 806 & & & & 851 & & & & 598 & & & & 3,297 & & & & 2,324 \\ \hline Loan and deposit income & & 457 & & & & 413 & & & & 361 & & & & 1,738 & & & & 1,701 \\ \hline Bank-owned life insurance income & & 175 & & & & 176 & & & & 143 & & & & 648 & & & & 568 \\ \hline Gain (Loss) on equity securities & & (75 & ) & & & (41 & ) & & & (11 & ) & & & (175 & ) & & & 85 \\ \hline Gain (Loss) on sale and call of securities & & 1 & & & & — & & & & 93 & & & & 194 & & & & 1,441 \\ \hline SBIC income & & 38 & & & & 136 & & & & 207 & & & & 654 & & & & 775 \\ \hline Other income (loss) & & 214 & & & & (14 & ) & & & 5 & & & & 271 & & & & 126 \\ \hline Total Noninterest Income & & 5,672 & & & & 5,643 & & & & 6,193 & & & & 24,493 & & & & 23,167 \\ \hline OPERATING EXPENSES & & & & & & & & & \\ \hline Personnel expenses & & 8,362 & & & & 7,956 & & & & 8,089 & & & & 32,449 & & & & 31,160 \\ \hline Occupancy and equipment expenses & & 1,424 & & & & 1,412 & & & & 1,367 & & & & 5,443 & & & & 5,106 \\ \hline Technology expenses & & 667 & & & & 734 & & & & 680 & & & & 2,810 & & & & 2,542 \\ \hline Advertising & & 230 & & & & 282 & & & & 216 & & & & 921 & & & & 933 \\ \hline Other business development expenses & & 280 & & & & 283 & & & & 238 & & & & 1,169 & & & & 1,020 \\ \hline Data processing expense & & 537 & & & & 528 & & & & 493 & & & & 1,982 & & & & 1,905 \\ \hline Other taxes & & 498 & & & & 527 & & & & 425 & & & & 2,082 & & & & 1,733 \\ \hline Loan and deposit expenses & & 243 & & & & 325 & & & & 244 & & & & 1,016 & & & & 1,052 \\ \hline Legal and professional expenses & & 493 & & & & 453 & & & & 554 & & & & 1,683 & & & & 2,141 \\ \hline Regulatory assessment expenses & & 268 & & & & 251 & & & & 201 & & & & 933 & & & & 538 \\ \hline Other operating expenses & & 1,014 & & & & 933 & & & & 829 & & & & 3,767 & & & & 3,276 \\ \hline Total Operating Expenses & & 14,016 & & & & 13,684 & & & & 13,336 & & & & 54,255 & & & & 51,406 \\ \hline Income Before Income Tax Expense & & 10,281 & & & & 9,918 & & & & 8,843 & & & & 40,060 & & & & 34,468 \\ \hline Income tax expense & & 1,771 & & & & 1,780 & & & & 1,582 & & & & 7,108 & & & & 6,323 \\ \hline Net Income & & 8,510 & & & $ & 8,138 & & & $ & 7,261 & & & $ & 32,952 & & & $ & 28,145 \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,654,711 & & & $ & 17,415 & & 4.13 & % & & $ & 1,619,019 & & & $ & 16,993 & & 4.11 & % & & $ & 1,635,103 & & & $ & 18,605 & & 4.47 & % \\ \hline Securities - taxable & & 423,724 & & & & 1,347 & & 1.27 & % & & & 340,045 & & & & 1,181 & & 1.39 & % & & & 303,689 & & & & 873 & & 1.15 & % \\ \hline Securities - tax-exempt & & 210,263 & & & & 1,065 & & 2.03 & % & & & 203,046 & & & & 1,039 & & 2.05 & % & & & 169,621 & & & & 961 & & 2.27 & % \\ \hline Federal funds sold & & 55,342 & & & & 21 & & 0.15 & % & & & 52,589 & & & & 20 & & 0.15 & % & & & 80,175 & & & & 28 & & 0.14 & % \\ \hline Interest-bearing balances due from banks & & 645,627 & & & & 226 & & 0.14 & % & & & 579,698 & & & & 202 & & 0.14 & % & & & 239,953 & & & & 58 & & 0.09 & % \\ \hline Nonmarketable equity securities & & 3,449 & & & & 1 & & 0.10 & % & & & 3,448 & & & & 7 & & 0.81 & % & & & 3,446 & & & & 1 & & 0.13 & % \\ \hline Total interest-earning assets & & 2,993,116 & & & $ & 20,075 & & 2.64 & % & & & 2,797,845 & & & $ & 19,442 & & 2.73 & % & & & 2,431,987 & & & $ & 20,526 & & 3.32 & % \\ \hline Allowance for loan losses & & (19,164 & ) & & & & & & & (19,343 & ) & & & & & & & (16,653 & ) & & & & \\ \hline Noninterest-earning assets & & 130,268 & & & & & & & & 135,697 & & & & & & & & 131,220 & & & & & \\ \hline Total assets & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Liabilities and Stockholders’ Equity \\ \hline Interest-bearing liabilities: \\ \hline Interest-bearing transaction deposits & $ & 1,310,430 & & & $ & 410 & & 0.12 & % & & $ & 1,210,605 & & & $ & 384 & & 0.13 & % & & $ & 983,992 & & & $ & 610 & & 0.25 & % \\ \hline Time deposits & & 341,445 & & & & 890 & & 1.03 & % & & & 342,872 & & & & 949 & & 1.10 & % & & & 333,575 & & & & 1,255 & & 1.50 & % \\ \hline Total interest-bearing deposits & & 1,651,875 & & & & 1,300 & & 0.31 & % & & & 1,553,477 & & & & 1,333 & & 0.34 & % & & & 1,317,567 & & & & 1,865 & & 0.56 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & — & & & & — & & — & % & & & — & & & & — & & — & % \\ \hline Total interest-bearing liabilities & & 1,651,875 & & & $ & 1,300 & & 0.31 & % & & & 1,553,477 & & & $ & 1,333 & & 0.34 & % & & & 1,317,567 & & & $ & 1,865 & & 0.56 & % \\ \hline Noninterest-bearing liabilities: \\ \hline Noninterest-bearing deposits & & 1,136,342 & & & & & & & & 1,046,139 & & & & & & & & 927,123 & & & & & \\ \hline Accrued interest and other liabilities & & 18,050 & & & & & & & & 16,570 & & & & & & & & 19,468 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,154,392 & & & & & & & & 1,062,709 & & & & & & & & 946,591 & & & & & \\ \hline Stockholders’ equity & & 297,953 & & & & & & & & 298,013 & & & & & & & & 282,396 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 3,104,220 & & & & & & & $ & 2,914,199 & & & & & & & $ & 2,546,554 & & & & & \\ \hline Net interest income & & $ & 18,775 & & & & & & $ & 18,109 & & & & & & $ & 18,661 & & \\ \hline Net interest spread & & & & 2.33 & % & & & & & & 2.39 & % & & & & & & 2.76 & % \\ \hline Net interest margin & & & & 2.46 & % & & & & & & 2.54 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & 2.52 & % & & & & & & 2.60 & % & & & & & & 3.08 & % \\ \hline Cost of deposits & & & & 0.18 & % & & & & & & 0.20 & % & & & & & & 0.33 & % \\ \hline Cost of funds & & & & 0.17 & % & & & & & & 0.19 & % & & & & & & 0.31 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020. \\ \hline & \\ \hline & For the Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 & & December 31, 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,654,711 & & $ & 17,415 & & & 4.13 & % & & $ & 1,619,019 & & $ & 16,993 & & & 4.11 & % & & $ & 1,635,103 & & $ & 18,605 & & & 4.47 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & & & & \\ \hline Average & & 29,191 & & & & & & & 63,205 & & & & & & & 161,109 & & & & \\ \hline Interest & & & & 76 & & & & & & & & 166 & & & & & & & & 419 & & & \\ \hline Fees & & & & 1,136 & & & & & & & & 1,201 & & & & & & & & 2,604 & & & \\ \hline Total PPP loans, net & & 29,191 & & & 1,212 & & & 16.46 & % & & & 63,205 & & & 1,367 & & & 8.57 & % & & & 161,109 & & & 3,023 & & & 7.45 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,625,520 & & $ & 16,203 & & & 3.90 & % & & $ & 1,555,814 & & $ & 15,626 & & & 3.93 & % & & $ & 1,473,994 & & $ & 15,582 & & & 4.14 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 18,775 & & & & & & & $ & 18,109 & & & & & & & $ & 18,661 & & & \\ \hline PPP loan income & & & & (1,212 & ) & & & & & & & (1,367 & ) & & & & & & & (3,023 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 17,563 & & & & & & & $ & 16,742 & & & & & & & $ & 15,638 & & & \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & & & & \\ \hline Net interest spread & & 2.19 & % & & & & & & 2.26 & % & & & & & & 2.47 & % \\ \hline Net interest margin & & 2.33 & % & & & & & & 2.40 & % & & & & & & 2.70 & % \\ \hline Net interest margin FTE(3) & & 2.38 & % & & & & & & 2.46 & % & & & & & & 2.77 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $6.1 million, $7.2 million, and $17.1 million for the three months ended December 31, 2021, September 30, 2021, and December 31, 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) \\ \hline \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate & & AverageBalanceOutstanding & & InterestEarned/InterestPaid & & AverageYield/Rate \\ \hline Assets & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & \\ \hline Loans(1,2) & $ & 1,621,606 & & & $ & 67,923 & & 4.14 & % & & $ & 1,587,351 & & & $ & 69,228 & & 4.30 & % \\ \hline Securities - taxable & & 344,913 & & & & 4,493 & & 1.30 & % & & & 287,591 & & & & 4,598 & & 1.60 & % \\ \hline Securities - tax-exempt & & 202,255 & & & & 4,167 & & 2.06 & % & & & 128,416 & & & & 3,003 & & 2.34 & % \\ \hline Federal funds sold & & 66,934 & & & & 88 & & 0.13 & % & & & 67,328 & & & & 207 & & 0.30 & % \\ \hline Interest-bearing balances due from banks & & 552,501 & & & & 658 & & 0.12 & % & & & 129,090 & & & & 322 & & 0.25 & % \\ \hline Nonmarketable equity securities & & 3,448 & & & & 10 & & 0.28 & % & & & 2,842 & & & & 20 & & 0.71 & % \\ \hline Total interest-earning assets & & 2,791,657 & & & $ & 77,339 & & 2.74 & % & & & 2,202,618 & & & $ & 77,378 & & 3.47 & % \\ \hline Allowance for loan losses & & (19,155 & ) & & & & & & & (15,192 & ) & & & & \\ \hline Noninterest-earning assets & & 132,611 & & & & & & & & 125,028 & & & & & \\ \hline Total assets & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Liabilities and Stockholders’ Equity & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & \\ \hline Interest-bearing transaction deposits & $ & 1,210,796 & & & $ & 1,648 & & 0.14 & % & & $ & 877,836 & & & $ & 2,824 & & 0.32 & % \\ \hline Time deposits & & 341,746 & & & & 3,969 & & 1.16 & % & & & 333,260 & & & & 5,538 & & 1.66 & % \\ \hline Total interest-bearing deposits & & 1,552,542 & & & & 5,617 & & 0.36 & % & & & 1,211,096 & & & & 8,362 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & % & & & 4,664 & & & & 16 & & 0.35 & % \\ \hline Total interest-bearing liabilities & & 1,552,542 & & & $ & 5,617 & & 0.36 & % & & & 1,215,760 & & & $ & 8,378 & & 0.69 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & \\ \hline Noninterest-bearing deposits & & 1,041,238 & & & & & & & & 807,528 & & & & & \\ \hline Accrued interest and other liabilities & & 17,507 & & & & & & & & 18,192 & & & & & \\ \hline Total noninterest-bearing liabilities & & 1,058,745 & & & & & & & & 825,720 & & & & & \\ \hline Stockholders’ equity & & 293,826 & & & & & & & & 270,974 & & & & & \\ \hline Total liabilities and stockholders’ equity & $ & 2,905,113 & & & & & & & $ & 2,312,454 & & & & & \\ \hline Net interest income & & & $ & 71,722 & & & & & & $ & 69,000 & & \\ \hline Net interest spread & & & & & 2.38 & % & & & & & & 2.78 & % \\ \hline Net interest margin & & & & & 2.54 & % & & & & & & 3.09 & % \\ \hline Net interest margin FTE(3) & & & & & 2.60 & % & & & & & & 3.14 & % \\ \hline Cost of deposits & & & & & 0.22 & % & & & & & & 0.41 & % \\ \hline Cost of funds & & & & & 0.20 & % & & & & & & 0.38 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RED RIVER BANCSHARES, INC. \\ \hline LOAN INTEREST INCOME, NET INTEREST INCOME, AND NET INTEREST RATIOS EXCLUDING PPP LOANS (NON-GAAP) (UNAUDITED) \\ \hline \\ \hline The following table presents interest income for total loans, PPP loans, and total non-PPP loans (non-GAAP), as well as net interest income and net interest ratios excluding PPP loans (non-GAAP) for the year ended December 31, 2021 and 2020. \\ \hline & \\ \hline & For the Year Ended December 31, \\ \hline & 2021 & & 2020 \\ \hline (dollars in thousands) & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield & & AverageBalanceOutstanding & & Interest/FeesEarned & & AverageYield \\ \hline Loans(1,2) & $ & 1,621,606 & & $ & 67,923 & & & 4.14 & % & & $ & 1,587,351 & & $ & 69,228 & & & 4.30 & % \\ \hline Less: PPP loans, net & & & & & & & & & & & \\ \hline Average & & 77,222 & & & & & & & 127,410 & & & & \\ \hline Interest & & & & 809 & & & & & & & & 1,351 & & & \\ \hline Fees & & & & 4,964 & & & & & & & & 4,211 & & & \\ \hline Total PPP loans, net & & 77,222 & & & 5,773 & & & 7.46 & % & & & 127,410 & & & 5,562 & & & 4.35 & % \\ \hline Non-PPP loans (non-GAAP)(4) & $ & 1,544,384 & & $ & 62,150 & & & 3.97 & % & & $ & 1,459,941 & & $ & 63,666 & & & 4.29 & % \\ \hline & & & & & & & & & & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP) \\ \hline Net interest income & & & $ & 71,722 & & & & & & & $ & 69,000 & & & \\ \hline PPP loan income & & & & (5,773 & ) & & & & & & & (5,562 & ) & & \\ \hline Net interest income, excluding PPP loan income (non-GAAP)(4) & & & $ & 65,949 & & & & & & & $ & 63,438 & & & \\ \hline & & & & & & & & & & & \\ \hline & & & & & & & & & & & \\ \hline Ratios excluding PPP loans, net (non-GAAP)(4) & & & & & & & & & & & \\ \hline Net interest spread & & & & & 2.25 & % & & & & & & 2.72 & % \\ \hline Net interest margin & & & & & 2.40 & % & & & & & & 3.01 & % \\ \hline Net interest margin FTE(3) & & & & & 2.46 & % & & & & & & 3.07 & % \\ \hline \end{table} \begin{table}{|c|c|c|} \hline (1) & & Includes average outstanding balances of loans held for sale of $8.6 million and $14.2 million for the year ended December 31, 2021 and 2020, respectively. \\ \hline (2) & & Nonaccrual loans are included as loans carrying a zero yield. \\ \hline (3) & & Net interest margin FTE includes an FTE adjustment using a 21% federal income tax rate on tax-exempt securities and tax-exempt loans. \\ \hline (4) & & Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) \\ \hline \\ \hline (dollars in thousands, except per share data) & December 31,2021 & & September 30,2021 & & December 31,2020 \\ \hline Tangible common equity & & & & & \\ \hline Total stockholders' equity & $ & 298,150 & & & $ & 298,688 & & & $ & 285,478 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible common equity (non-GAAP) & $ & 296,604 & & & $ & 297,142 & & & $ & 283,932 & \\ \hline Common shares outstanding & & 7,180,155 & & & & 7,276,400 & & & & 7,325,333 & \\ \hline Book value per common share & $ & 41.52 & & & $ & 41.05 & & & $ & 38.97 & \\ \hline Tangible book value per common share (non-GAAP) & $ & 41.31 & & & $ & 40.84 & & & $ & 38.76 & \\ \hline & & & & & \\ \hline Tangible assets & & & & & \\ \hline Total assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline Intangible assets & & (1,546 & ) & & & (1,546 & ) & & & (1,546 & ) \\ \hline Total tangible assets (non-GAAP) & $ & 3,223,164 & & & $ & 3,019,238 & & & $ & 2,641,088 & \\ \hline Total stockholders' equity to assets & & 9.25 & % & & & 9.89 & % & & & 10.80 & % \\ \hline Tangible common equity to tangible assets (non-GAAP) & & 9.20 & % & & & 9.84 & % & & & 10.75 & % \\ \hline & & & & & \\ \hline Non-PPP loans HFI & & & & & \\ \hline Loans HFI & $ & 1,683,832 & & & $ & 1,622,593 & & & $ & 1,588,446 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Non-PPP loans HFI (non-GAAP) & $ & 1,666,282 & & & $ & 1,576,631 & & & $ & 1,469,999 & \\ \hline & & & & & \\ \hline Assets excluding PPP loans, net & & & & & \\ \hline Assets & $ & 3,224,710 & & & $ & 3,020,784 & & & $ & 2,642,634 & \\ \hline Adjustments: & & & & & \\ \hline PPP loans, net & & (17,550 & ) & & & (45,962 & ) & & & (118,447 & ) \\ \hline Assets excluding PPP loans, net (non-GAAP) & $ & 3,207,160 & & & $ & 2,974,822 & & & $ & 2,524,187 & \\ \hline & & & & & \\ \hline Allowance for loan losses & $ & 19,176 & & & $ & 19,168 & & & $ & 17,951 & \\ \hline Deposits & $ & 2,910,348 & & & $ & 2,704,583 & & & $ & 2,340,360 & \\ \hline & & & & & \\ \hline Loans HFI to deposits ratio & & 57.86 & % & & & 59.99 & % & & & 67.87 & % \\ \hline Non-PPP loans HFI to deposits ratio (non-GAAP) & & 57.25 & % & & & 58.29 & % & & & 62.81 & % \\ \hline & & & & & \\ \hline Allowance for loan losses to loans HFI & & 1.14 & % & & & 1.18 & % & & & 1.13 & % \\ \hline Allowance for loan losses to non-PPP loans HFI (non-GAAP) & & 1.15 & % & & & 1.22 & % & & & 1.22 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc0NCM0Njk3NjU1IzUwMDA4MDU0MQ==) [Image](https://ml.globenewswire.com/media/MjhkMTg2ZDItZWMzOS00OTYwLWJhNjAtMTBlOWY4ZGI5NTgxLTUwMDA4MDU0MQ==/tiny/Red-River-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cba984bb-ea6e-474b-8770-ae98472d150d) Source: Red River Bancshares, Inc.
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Date: 2022-01-28
Title: First Business Announces 10% Increase in Quarterly Cash Dividend
Article: MADISON, Wis.--(BUSINESS WIRE)-- First Business Financial Services, Inc. (“First Business”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.1975 per share which is equivalent to a dividend yield of 2.57% based on Thursday’s market close price of $30.71. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2021, and based on fourth quarter 2021 earnings per share, a dividend payout ratio of 17.0%. This regular cash dividend is payable on February 17, 2022 to shareholders of record at the close of business on February 7, 2022.“First Business’ growth in revenue and earnings in 2021, and our expectations for 2022 and beyond, readily support the Company’s 10th consecutive annual increase in the dividend,” President and Chief Executive Officer, Corey Chambas said. “Even after investing in the business, including our high-growth specialized lending offerings, we remain focused on our continuing commitment to drive shareholder value by providing a meaningful return to shareholders through quarterly cash dividends.”**About First Business Financial Services, Inc. **First Business Financial Services, Inc., (Nasdaq: FBIZ) is the parent company of First Business Bank. First Business Bank specializes in Business Banking, including Commercial Banking and Specialized Lending, Private Wealth, and Bank Consulting services, and through its refined focus, delivers unmatched expertise, accessibility, and responsiveness. Specialized Lending solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. For additional information, visit firstbusiness.bank.This press release includes “forward-looking” statements related to First Business Financial Services, Inc. that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s 2020 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005460r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005460/en/](https://www.businesswire.com/news/home/20220128005460/en/) Edward G. Sloane, Jr. Chief Financial Officer First Business Financial Services, Inc. 608-232-5970 [[email protected]](mailto:[email protected]) Source: First Business Financial Services, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: VAALCO Energy Declares Initial Quarterly Dividend
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("**VAALCO**" or the "**Company**")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, "In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value." \begin{table}{|c|c|} \hline For Further Information & \\ \hline & \\ \hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\ \hline Website: & www.vaalco.com \\ \hline & \\ \hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\ \hline Al Petrie / Chris Delange & \\ \hline & \\ \hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\ \hline Ben Romney / Jon Krinks/ James Husband & [email protected] \\ \hline \end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.
Date: 2022-01-28
Title: Best Value Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: SMBC
Security: Southern Missouri Bancorp, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-28
Article: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 52.8241
Stock Price 2 days before: 55.3587
Stock Price 1 day before: 56.1897
Stock Price at release: 54.4856
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: PFLT
Security: PennantPark Floating Rate Capital Ltd.
Related Stocks/Topics: AGNC|Markets|HRZN
Title: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks
Type: News
Publication: The Motley Fool
Publication Author: Sean Williams
Date: 2022-01-29
Article: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This "steepening" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 12.5199
Stock Price 2 days before: 12.8029
Stock Price 1 day before: 12.6237
Stock Price at release: 12.6261
Risk-Free Rate at release: 0.0004
| 13.0748 |
Broader Economic Information:
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: First Commonwealth Financial Corporation (NYSE:FCF) Analysts Are Pretty Bullish On The Stock After Recent Results
Article: **First Commonwealth Financial Corporation** (NYSE:FCF) came out with its full-year results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. The result was positive overall - although revenues of US$386m were in line with what the analysts predicted, First Commonwealth Financial surprised by delivering a statutory profit of US$1.44 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/323780-earnings-and-revenue-growth-1-dark/1643365100467) NYSE:FCF Earnings and Revenue Growth January 28th 2022Taking into account the latest results, First Commonwealth Financial's six analysts currently expect revenues in 2022 to be US$390.2m, approximately in line with the last 12 months. Statutory earnings per share are expected to fall 13% to US$1.28 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$391.2m and earnings per share (EPS) of US$1.27 in 2022. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. The consensus price target rose 7.8% to US$18.50despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of First Commonwealth Financial's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on First Commonwealth Financial, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$15.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that First Commonwealth Financial's revenue growth is expected to slow, with the forecast 1.0% annualised growth rate until the end of 2022 being well below the historical 5.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.9% per year. Factoring in the forecast slowdown in growth, it seems obvious that First Commonwealth Financial is also expected to grow slower than other industry participants. **The Bottom Line** The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that First Commonwealth Financial's revenues are expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for First Commonwealth Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) You should always think about risks though. Case in point, we've spotted [1 warning sign for First Commonwealth Financial ](https://simplywall.st/stocks/us/banks/nyse-fcf/first-commonwealth-financial?blueprint=1874629&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYyOTpiYTU3ZWExMDJhZjEzMGQz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Phreesia’s Amy VanDuyn Named a Top 10 HR Professional at the OnCon Icon Awards
Article: RALEIGH, N.C.--(BUSINESS WIRE)-- Phreesia is proud to announce that Amy VanDuyn, the company’s SVP of Human Resources, has been named a Top 10 HR Professional at the [2022 OnCon Icon Awards](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.onconferences.com%2F2022-hr-winners&esheet=52570343&newsitemid=20220128005061&lan=en-US&anchor=2022+OnCon+Icon+Awards&index=1&md5=ec71b452f28b292e7109840149a970a2). The awards recognize the top human resources professionals and vendors worldwide.The honorees were selected based on voting by peers in the industry, using criteria such as leadership, innovation, and contributions to their organization and professional community.VanDuyn has more than 20 years of human resources leadership experience across many industries, including hospitality, public relations and SaaS, in companies at a variety of sizes and stages. At Phreesia, she is responsible for the design and implementation of all talent strategies, policies and processes across the company.Since joining Phreesia as Vice President of Human Resources in 2010, she has helped support the company’s rapid growth by attracting and retaining top talent and building a strong employee culture. Over her tenure, Phreesia has grown from fewer than 100 employees to more than 1,600, has been named one of Modern Healthcare’s “Best Places to Work” five times and been included in the Bloomberg Gender-Equality Index twice.“It’s an honor to be included among this group of accomplished leaders from across the globe,” said VanDuyn. “This is an exciting time to work in human resources, and I feel fortunate to do it at a company that values ongoing growth and improvement in areas like diversity, equity and inclusion and career development.”**About Phreesia** Phreesia gives healthcare organizations a suite of robust applications to manage the patient intake process. Our innovative SaaS platform engages patients in their healthcare and provides a modern, convenient experience, while enabling our clients to enhance clinical care and drive efficiency.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005061r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005061/en/](https://www.businesswire.com/news/home/20220128005061/en/) **Media:**Annie Harris [[email protected] ](mailto:[email protected])929-526-2611 Source: Phreesia
Date: 2022-01-28
Title: Monro Inc Shares Fall 4.3% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 4.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 8.5% year-to-date, down 4.6% over the past 12 months, and down 2.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 203.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 11.8% - The company's stock price performance over the past 12 months lags the peer average by -115.0% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 185.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Mondelez (MDLZ) Q4 Earnings Miss Estimates, Revenues Beat Y/Y
Article: **Mondelez International, Inc.** [MDLZ](https://www.nasdaq.com/market-activity/stocks/mdlz) reported fourth-quarter 2021 numbers, wherein the top and bottom lines increased year over year and the former cruised past the Zacks Consensus Estimate. The company continued to benefit from its strategic efforts, with a volume-induced top-line improvement, robust profit, higher investments in brands and capacities and a solid free cash flow generation.In 2021, management solidified its business with prudent buyouts and remains confident that its brands and a focus on the execution and strategy keep it well-placed for growth to stay firm amid the near-term volatility. **Quarterly Performance** Adjusted earnings came in at 71 cents per share, which increased 9.1% year over year on a constant-currency or cc basis. The metric came a penny less than the Zacks Consensus Estimate. The year-over-year upside was backed by reduced outstanding shares, lower income taxes and greater earnings from equity method investments. **Mondelez International, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart)** [Mondelez International, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/MDLZ/price-consensus-eps-surprise-chart?icid=chart-MDLZ-price-consensus-eps-surprise-chart) | [Mondelez International, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/mdlz) Net revenues advanced 4.9% to $7,658 million and surpassed the Zacks Consensus Estimate of $7,540 million. The uptick was driven by strong organic net revenues of 5.4% as well as increased sales from the Hu, Grenade and Gourmet Food buyouts, somewhat negated by currency headwinds. Favorable volumes and pricing contributed to organic net revenues.Revenues from emerging markets increased 8.8% to $2,692 million while rising 11.1% on an organic basis. Revenues from developed markets moved up 2.9% to $4,966 million while increasing 2.5% on an organic basis. Region-wise, revenues in Latin America, Asia, Middle East & Africa, Europe and North America increased 12.4%, 7.1%, 5.5% and 0.6% year over year, respectively. On an organic basis, revenues increased 19.7%, 5.8% and 6.5% in Latin America, Asia, Middle East & Africa and Europe, respectively, and dipped 0.3% in North America.Adjusted gross profit ascended $21 million at cc. Adjusted gross profit margin contracted 200 basis points (bps) to 37.2% due to increased raw material and transportation costs as well as an unfavorable mix. These were somewhat negated by favorable pricing, volume leverage and manufacturing productivity.The company’s adjusted operating income fell $52 million at cc. Adjusted operating income margin contracted 90 bps to 15.4% due to increased raw material and transportation costs as well as an adverse mix. These were somewhat offset by pricing actions, manufacturing productivity and reduced SG&A expenses.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/57/16825.jpg?v=1508684509) Image Source: Zacks Investment Research** Other Financials** Mondelez ended the quarter with cash and cash equivalents of $3,546 million, long-term debt of $17,550 million and total equity of $28,323 million. MDLZ generated net cash from operating activities of $4,141 million during the 12 months ended Dec 31, 2021. Free cash flow was $3.2 billion during the same period.Management expects free cash flow of more than $3 billion in 2022.During the fourth quarter, the company distributed $0.8 billion to shareholders through cash dividends and share buybacks. In full-year 2021, the company incurred $3.9 billion for dividends and buybacks. **Guidance** For 2022, management expects organic net revenues of more than 3% and a high single-digit increase in adjusted earnings per share or EPS at cc. These projections go in tandem with the company’s long-term algorithms. Currency movements are likely to negatively impact net revenues by nearly 2.5% and adjusted EPS by 8 cents. Management stated that the guidance is based on higher-than-normal volatility due to the pandemic.Shares of this Zacks Rank #3 (Hold) company have increased 11.1% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/food-miscellaneous-76)’s growth of 2.4%. **Other Hot Consumer Staple Bets** Some top-ranked stocks are **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele), **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi) and **Medifast, Inc.** [MED](https://www.nasdaq.com/market-activity/stocks/med) Helen of Troy, a designer, developer, marketer, importer and distributor, carries a Zacks Rank #1 (Strong Buy) at present. Shares of Helen of Troy have dipped 7.6% in the past three months. You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Helen of Troy’s current financial-year sales and EPS suggests growth of 0.8% and 0.6%, respectively, from the year-ago reported number. HELE has a trailing four-quarter earnings surprise of 19.1%, on average.United Natural Foods, a distributor of natural, organic, specialty, produce, and conventional grocery and non-food products, carries a Zacks Rank #1. Shares of United Natural Foods have moved down 15.4% in the past three months.The Zacks Consensus Estimate for United Natural Foods’ current financial-year sales and EPS suggests growth of 5.1% and 8.8%, respectively, from the year-ago reported number. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Medifast, the manufacturer and distributor of weight loss, weight management, healthy living products, and other consumable health and nutritional products, currently carries a Zacks Rank #2 (Buy). Shares of Medifast have dropped 4.1% in the past three months.The Zacks Consensus Estimate for Medifast’s current financial-year sales and EPS suggests growth of about 63% and 49.3%, respectively, from the year-ago reported figure. MED has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_IND_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Mondelez International, Inc. (MDLZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MDLZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859354/mondelez-mdlz-q4-earnings-miss-estimates-revenues-beat-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859354) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-28
Title: Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results and Announces Another 5% Stock Repurchase Program
Article: Bedminster, NJ, Jan. 28, 2022 (GLOBE NEWSWIRE) -- via [NewMediaWire](https://www.globenewswire.com/Tracker?data=qs3AUx-RMuLDTj1I4bljhmuisH5cAgEyJ2x6zLDw9-2EmmYk9Ac95RYJUr3KpXRWt1QcKZLFtVQ3SzNenpu48AC7MbhvdsuL-BsxhniIk44=) -- Peapack-Gladstone Financial Corporation (**NASDAQ Global Select Market: PGC**) (the “Company”) announces its fourth quarter 2021 results. **This earnings release should be read in conjunction with the Company’s Q4 2021 Investor Update, a copy of which is available on our website at** [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4e6qMi33jqoX4-A3drudcvHV2U6L1yQknaaK7L3PfIJis6XP11OhdAu4PLTTBe7M0Q==)**and****via a current report on Form 8-K on the website of the Securities and Exchange Commission at [www.sec.gov](http://www.sec.gov/).** For the quarter ended December 31, 2021, the Company recorded total revenue of $56.17 million, net income of $14.86 million and diluted earnings per share (“EPS”) of $0.78, compared to revenue of $46.14 million, net income of $3.03 million and diluted EPS of $0.16, respectively, for the three-month period ended December 31, 2020. For the year ended December 31, 2021, the Company recorded total revenue of $210.31 million, net income of $56.62 million and diluted earnings per share (“EPS”) of $2.93 compared to revenue of $189.36 million, net income of $26.19 million and diluted EPS of $1.37, respectively, for the year ended December 31, 2020. Improvement in the 2021 periods was principally driven by the Company’s wealth management and commercial banking businesses. 2021 included increased wealth management income, corporate advisory fees and SBA income, as well as increased net interest income resulting from asset growth, coupled with margin improvement. The earnings for the full year of 2021 also benefitted from a significantly lower provision for loan losses. The Q4 2021 period included a $893,000 swap valuation allowance recorded in operating expenses related to a loan placed on nonaccrual in Q3 2021. Q4 2021 also included a higher provision for loan losses due to the loan growth during the quarter. Douglas L. Kennedy, President and CEO, said, “Our fourth quarter and full year results reflected continued solid growth in our wealth management business and commercial banking, including both corporate advisory and SBA activities. Increases in these areas year-over-year more than made up for the $7.4 million of PPP gains that the Company had recorded in 2020. As we look into the new year our pipelines for wealth management and commercial banking continue to be robust and we remain quite constructive toward 2022.” During the fourth quarter of 2021 the Company repurchased 274,929 shares under its stock repurchase program at an average price of $33.50 for a total cost of $9.21 million. For the full year of 2021, the Company repurchased 894,744 shares at an average price of $31.99 for a total cost of $28.63 million. On January 27, 2022, the Company authorized a new 5% stock repurchase program of up to 920,000 shares. Purchases will be conducted in accordance with the limitations set forth in the SEC’s Rule 10b-18. Mr. Kennedy noted, “We believe that repurchasing our stock continues to be a great opportunity to take advantage of the Company’s discounted valuation relative to peers.” **EXECUTIVE SUMMARY:** The following tables summarize specified financial measures for the periods shown. **2021 Year Compared to Prior Year** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Year Ended & & & Year Ended & & & & & & & & & & \\ \hline & & December 31, & & & December 31, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2020 & & & & (Decrease) & \\ \hline Net interest income & & $ & 138.06 & & & $ & 127.60 & & & & $ & 10.46 & & & & 8 & % \\ \hline Wealth management fee income (A) & & & 52.99 & & & & 40.86 & & & & & 12.13 & & & & 30 & \\ \hline Capital markets activity (B) & & & 10.62 & & & & 6.65 & & & & & 3.97 & & & & 60 & \\ \hline Other income (C) & & & 8.64 & & & & 14.25 & & & & & (5.61 & ) & & & (39 & ) \\ \hline Total other income & & & 72.25 & & & & 61.76 & & & & & 10.49 & & & & 17 & \\ \hline Operating expenses (A) (D) & & & 126.17 & & & & 124.96 & & & & & 1.21 & & & & 1 & \\ \hline Pretax income before provision for loan losses & & & 84.14 & & & & 64.40 & & & & & 19.74 & & & & 31 & \\ \hline Provision for loan and lease losses (E) & & & 6.48 & & & & 32.40 & & & & & (25.92 & ) & & & (80 & ) \\ \hline Pretax income & & & 77.66 & & & & 32.00 & & & & & 45.66 & & & & 143 & \\ \hline Income tax expense (F) & & & 21.04 & & & & 5.81 & & & & & 15.23 & & & & 262 & \\ \hline Net income & & $ & 56.62 & & & $ & 26.19 & & & & $ & 30.43 & & & & 116 & % \\ \hline Diluted EPS & & $ & 2.93 & & & $ & 1.37 & & & & $ & 1.56 & & & & 114 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (G) & & $ & 210.31 & & & $ & 189.36 & & & & $ & 20.95 & & & & 11 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 0.94 & % & & & 0.45 & % & & & & 0.49 & & & & & \\ \hline Return on average equity & & & 10.56 & % & & & 5.11 & % & & & & 5.45 & & & & & \\ \hline \end{table} (A) The 2021 results included twelve months of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas Capital Management (“Lucas”) and Noyes Capital Management (“Noyes”) and six months of wealth management fee income and expense related to the July 2021 acquisition of Princeton Portfolio Strategies Group. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities and mortgage banking activities. The 2021 results included $3.5 million of corporate advisory fee income. There were no fees related to loan level back-to-back swap activities in the twelve months ended December 31, 2021, compared to $1.6 million for 2020. (C) The 2021 results included a cost of $842,000 related to the termination of interest rate swaps; a $1.1 million gain on loans held at lower of cost or fair value; $722,000 of fee income related to the referral of PPP loans to a third party; and $455,000 of additional BOLI income related to receipt of life insurance proceeds. The 2020 results included a $7.4 million gain on the sale of PPP loans. (D) The 2021 results included $1.5 million of severance expense related to certain corporate restructurings within several areas of the Bank; $648,000 of expense related to the redemption of subordinated debt; and $2.2 million related to a swap valuation allowance. The 2020 results included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, $210,000 for the consolidation of two private banking locations, and $278,000 for the closure of a retail branch. (E) The 2020 results included a provision for loan and lease losses of $32.4 million, primarily due to the COVID-19 pandemic. (F) The 2020 results included a $3.2 million tax benefit related to the carryback of tax NOLs. (G) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Prior Year Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & & Three Months Ended & & & & & & & & & \\ \hline & & December 31, & & & & December 31, & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & & 2020 & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & & $ & 31.74 & & & $ & 5.47 & & & & 17 & % \\ \hline Wealth management fee income (A) & & & 13.96 & & & & & 10.79 & & & & 3.17 & & & & 29 & \\ \hline Capital markets activity (B) & & & 3.52 & & & & & 1.89 & & & & 1.63 & & & & 86 & \\ \hline Other income (C) & & & 1.48 & & & & & 1.72 & & & & (0.24 & ) & & & (14 & ) \\ \hline Total other income & & & 18.96 & & & & & 14.40 & & & & 4.56 & & & & 32 & \\ \hline Operating expenses (A) (D) & & & 31.70 & & & & & 39.25 & & & & (7.55 & ) & & & (19 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & & 6.89 & & & & 17.58 & & & & 255 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & & 2.35 & & & & 1.40 & & & & 60 & \\ \hline Pretax income & & & 20.72 & & & & & 4.54 & & & & 16.18 & & & & 356 & \\ \hline Income tax expense & & & 5.86 & & & & & 1.51 & & & & 4.35 & & & & 288 & \\ \hline Net income & & $ & 14.86 & & & & $ & 3.03 & & & $ & 11.83 & & & & 390 & % \\ \hline Diluted EPS & & $ & 0.78 & & & & $ & 0.16 & & & $ & 0.62 & & & & 387 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (E) & & $ & 56.17 & & & & $ & 46.14 & & & $ & 10.03 & & & & 22 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & & 0.21 & % & & & 0.75 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & & 2.32 & % & & & 8.62 & & & & & \\ \hline \end{table} (A) The December 2021 quarter included a full quarter of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas and Noyes and the July 2021 acquisition of PPSG. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities, and mortgage banking activities. The December 2021 quarter included $2.2 million of corporate advisory fee income, the majority of which related to a large investment banking advisory event. (C) The December 31, 2021 quarter included a $265,000 loss on the sale of loans. (D) The December 2021 quarter included $893,000 related to a swap valuation allowance. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, and $210,000 for the consolidation of two private banking locations (E) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Linked Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & & & & & & & & \\ \hline & & December 31, & & & September 30, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2021 & & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & $ & 35.21 & & & & $ & 2.00 & & & & 6 & % \\ \hline Wealth management fee income & & & 13.96 & & & & 13.86 & & & & & 0.10 & & & & 1 & \\ \hline Capital markets activity (A) & & & 3.52 & & & & 2.06 & & & & & 1.46 & & & & 71 & \\ \hline Other income (B) & & & 1.48 & & & & 1.86 & & & & & (0.38 & ) & & & (20 & ) \\ \hline Total other income & & & 18.96 & & & & 17.78 & & & & & 1.18 & & & & 7 & \\ \hline Operating expenses (C) & & & 31.70 & & & & 32.18 & & & & & (0.48 & ) & & & (1 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & 20.81 & & & & & 3.66 & & & & 18 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & 1.60 & & & & & 2.15 & & & & 134 & \\ \hline Pretax income & & & 20.72 & & & & 19.21 & & & & & 1.51 & & & & 8 & \\ \hline Income tax expense & & & 5.86 & & & & 5.04 & & & & & 0.82 & & & & 16 & \\ \hline Net income & & $ & 14.86 & & & $ & 14.17 & & & & $ & 0.69 & & & & 5 & % \\ \hline Diluted EPS & & $ & 0.78 & & & $ & 0.74 & & & & $ & 0.04 & & & & 5 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (D) & & $ & 56.17 & & & $ & 52.99 & & & & $ & 3.18 & & & & 6 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & 0.95 & % & & & & 0.01 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & 10.40 & % & & & & 0.54 & & & & & \\ \hline \end{table} (A) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory and mortgage banking activities. (B) The December 31, 2021 quarter included a $265,000 loss on sale of loans. (C) The December 2021 quarter included $893,000 related to a swap valuation allowance. The September 2021 quarter included $1.4 million related to a swap valuation allowance. (D) Total revenue equals the sum of net interest income plus total other income. **Select highlights:** **Peapack Private Wealth Management:** - AUM/AUA in our Peapack Private Wealth Management Division grew 8% (31% annualized) to $11.1 billion at December 31, 2021 from $10.3 billion at September 30, 2021, and 26% over the $8.8 billion at December 31, 2020. - Gross new business inflows for 2021 totaled $840 million. - Wealth Management fee income increased 30% to $14.0 million for Q4 2021 compared to $10.8 million for Q4 2020. - On July 1, 2021, we closed on the acquisition of Princeton Portfolio Strategies Group (“PPSG”). **Commercial Banking and Balance Sheet Management:** - At December 31, 2021, total loans (excluding $14 million of PPP loans) grew 15% to $4.83 billion compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020. - C&I loan/lease balances (excluding PPP loans) grew $216 million or 12% over 2020, with a large portion of that net growth occurring in Q4 2021. - SBA Income ($4.9 million) and Corporate Advisory fees ($3.5 million) totaled $8.4 million in 2021. - Core deposits (which includes noninterest-bearing demand and interest-bearing demand, savings and money market) totaled 89% of total deposits at December 31, 2021, with an average cost of 0.17%. - The net interest margin improved by 4 basis points in Q4 2021 compared to Q3 2021 and improved 21 basis points when compared to Q4 2020. **Capital Management:** - Continued to execute on the previously approved stock repurchase program – during Q4 repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. (For the year ended December 31, 2021, the Company repurchased 894,744 shares). - Tangible book value per share increased 6.2% to $27.05 at December 31, 2021 from $25.47 at December 31, 2020, despite recent stock repurchase activity and a wealth acquisition. See the Non-GAAP financial measures reconciliation included in this release. **SUPPLEMENTAL QUARTERLY DETAILS****:** **Wealth Management** In the December 2021 quarter, the Bank’s wealth management business generated a record $13.96 million in fee income, compared to $13.86 million for the September 30, 2021 quarter and $10.79 million for the December 2020 quarter. The market value of the Company’s AUM/AUA increased 26% to $11.1 billion at December 31, 2021 from $8.8 billion at December 31, 2020, due to organic new business, the PPSG acquisition, and favorable market conditions. John P. Babcock, President of the Peapack Private Wealth Management division, said, “2021 showed continued strong business from new clients as well as additional business from existing clients. Positive net flows, combined with solid client retention and favorable market conditions, all contributed to our strong quarterly and full year results.” Mr. Babcock went on to note, “While we will continue to look at supplementing our organic growth with selective acquisitions, M&A activity in the RIA space is hyper-competitive with purchase price multiples reaching all-time highs – making it challenging for us to obtain acceptable returns on invested capital. Internally, we are focused on completing our One Team consolidation of the businesses and people we have acquired over the last several years under a single operating and technology framework, completing our migration to a single trading platform and re-organizing our wealth business under a new, streamlined organizational structure to ensure the highest level of client experience, maximum efficiency, and growth.” **Loans / Commercial Banking** At December 31, 2021, loans totaled $4.83 billion (excluding $14 million of PPP loans), compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020, reflecting growth of 15%. This growth was achieved despite over $900 million of net paydown/payoff activity over the twelve-month period. Total C&I loans and leases (including the $14 million of PPP loans) at December 31, 2021 were $2.01 billion or 41% of the total loan portfolio. Mr. Kennedy noted, “Our commercial loan pipelines continue to be strong going into the new year, standing at approximately $350 million with the likelihood of a first quarter closing. Notwithstanding significant payoff activity, we believe that we will achieve high single digit loan growth for 2022.” Mr. Kennedy also noted, “We are proud to have built a leading middle market commercial banking franchise, as evidenced by over $200 million of net growth in our C&I Portfolio, continued growth in Treasury Management income, and our over $3 million of corporate advisory fees by our investment banking group – this team had record earnings in 2021 and continues to have a robust pipeline of new business opportunities.” **Funding / Liquidity / Interest Rate Risk Management** The Company actively manages its deposit base to reduce reliance on wholesale sourced deposits, volatility, and/or operational risk. Total deposits at December 31, 2021 increased $448 million to $5.27 billion from $4.82 billion at December 31, 2020. Along with the deposit growth, the change in mix was favorable, as noninterest bearing demand deposits increased $123 million, interest-bearing demand increased $439 million, while higher costing CDs declined $121 million and brokered deposits declined $25 million, when comparing December 31, 2021 to December 31, 2020. Mr. Kennedy noted, “89% of our deposits are demand, savings, or money market accounts, and our noninterest bearing deposits comprise 18% of our total deposits; both metrics reflect the relationship aspect of our deposit base.” At December 31, 2021, the Company’s balance sheet liquidity (investments available for sale, interest-earning deposits and cash) totaled $971.2 million (or 16% of assets). This level is lower than the level at September 30, 2021 due to an increase in loan activity during Q4 2021 and more in line with historical levels. The Company maintains backup liquidity of approximately $1.8 billion of secured funding with the Federal Home Loan Bank and $1.2 billion of secured funding from the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company’s loan and investment portfolios. Mr. Kennedy noted, “We are well positioned for a rise in interest rates given that 40% of our loan portfolio reprices within three months and 52% within one year. Our current modeling, with what we believe include conservative deposit beta assumptions, indicates net interest income will improve approximately 3% in year one and 5% in year two after a 100 basis point rate shock.” **Net Interest Income (NII)/Net Interest Margin (NIM)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Twelve Months Ended & & & Twelve Months Ended & & & & & & & & & \\ \hline & December 31, 2021 & & & December 31, 2020 & & & & & & & & & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 134,206 & & & 2.50% & & & $ & 123,099 & & & 2.58% & & & & & & & & & \\ \hline Prepayment premiums received on loan paydowns & & 2,085 & & & 0.04% & & & & 1,452 & & & 0.02% & & & & & & & & & \\ \hline Effect of maintaining excess interest earning cash & & (420 & ) & & -0.17% & & & & (1,320 & ) & & -0.21% & & & & & & & & & \\ \hline Effect of PPP loans & & 2,190 & & & 0.01% & & & & 4,371 & & & -0.08% & & & & & & & & & \\ \hline NII/NIM as reported & $ & 138,061 & & & 2.38% & & & $ & 127,602 & & & 2.31% & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & December 31, 2021 & & & September 30, 2021 & & & December 31, 2020 & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & NII & & & NIM & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 36,564 & & & 2.60% & & & $ & 34,635 & & & 2.56% & & & $ & 30,897 & & & 2.51% & \\ \hline Prepayment premiums received on loan paydowns & & 555 & & & 0.04% & & & & 325 & & & 0.02% & & & & 413 & & & 0.02% & \\ \hline Effect of maintaining excess interest earning cash & & (68 & ) & & -0.18% & & & & (46 & ) & & -0.14% & & & & (206 & ) & & -0.24% & \\ \hline Effect of PPP loans & & 161 & & & 0.00% & & & & 297 & & & -0.02% & & & & 631 & & & -0.04% & \\ \hline NII/NIM as reported & $ & 37,212 & & & 2.46% & & & $ & 35,211 & & & 2.42% & & & $ & 31,735 & & & 2.25% & \\ \hline \end{table} As shown above, the Company’s reported NII increased $2.0 million and NIM increased 4 basis points compared to the linked quarter. The Bank further lowered its cost of funds strategically and grew its average loan portfolio at rates/spreads beneficial to NIM. Future net interest income and net interest margin should benefit from the following: - Robust loan pipelines to generate loan growth. - Continued downward repricing of maturing CDs. - An increase in target Fed funds (should that occur). **Income from Capital Markets Activities** Noninterest income from Capital Markets activities (detailed below) totaled $3.52 million for the December 2021 quarter compared to $2.06 million for the September 2021 quarter and $1.90 million for the December 2020 quarter. The December 2021 quarterly results were driven by $2.18 million in Corporate Advisory income. The September 2021 quarter results were driven by $1.57 million in gains on sale of SBA loans. The December 2020 quarter reflected increased mortgage banking activity due to greater refinance activity in the low-rate environment. The December 2021, September 2021 and December 2020 quarters included no income from loan level, back-to-back swap activities, as there has been, and will continue to be, minimal activity for such in the current environment. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline (Dollars in thousands, except per share data) & & 2021 & & & 2021 & & & 2020 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) & & $ & 352 & & & $ & 408 & & & $ & 1,470 & \\ \hline Fee income related to loan level, back-to-back swaps & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans & & & 989 & & & & 1,569 & & & & 375 & \\ \hline Corporate advisory fee income & & & 2,180 & & & & 84 & & & & 50 & \\ \hline Total capital markets activity & & $ & 3,521 & & & $ & 2,061 & & & $ & 1,895 & \\ \hline \end{table} **Other Noninterest Income (other than Wealth Management fee income and Income from Capital Markets Activities)** Other noninterest income (as defined above) totaled $1.48 million, $1.86 million, and $1.72 million, for the December 2021, September 2021, and December 2020 quarters, respectively. The December 2021 quarter included $265,000 net loss on loans held for sale. **Operating Expenses** The Company’s total operating expenses were $31.70 million for the quarter ended December 31, 2021, compared to $32.18 million for the September 2021 quarter and $39.25 million for the December 2020 quarter. The December 2021 and September 2021 quarters included $893,000 and $1.35 million related to a swap valuation allowance, respectively. The December and September 2021 quarters also included a full quarter’s worth of expense related to the teams hired from Lucas and Noyes and the acquisition of PPSG. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for a valuation allowance on a loan held for sale and $210,000 related to the consolidation of two private banking offices. Mr. Kennedy noted, “While we continue to manage expenses closely and prudently, we will invest in our existing people as the market demands in order to retain the talent we have acquired, grow and expand our core wealth management and commercial banking businesses, including lift-outs, strategic hires, and wealth M&A, and invest in digital enhancements to further enhance the client experience.” **Income Taxes** The effective tax rate for the three months ended December 31, 2021 was 28.31%, as compared to 26.22% for the September 2021 quarter and 33.29% for the quarter ended December 31, 2020. A tax return to book adjustment recorded in the December 2020 quarter coupled with reduced pretax income in the quarter, increased the December 2020 effective tax rate by approximately 5%. The effective annual tax rate for 2021 was 27.09% compared to 18.16% for 2020. During the first quarter of 2020, the Company recorded a $3.34 million tax benefit, principally due to a $3.2 million federal income tax benefit that resulted from a tax NOL carryback. The Company had a $23 million operating loss for tax purposes in 2018 (when the federal tax rate was 21%) resulting from accelerated tax depreciation. Under the CARES Act, the Company was allowed to carry this NOL back to a period when the federal tax rate was 35%, generating a permanent tax benefit. **Asset Quality / Provision for Loan and Lease Losses** Nonperforming assets (which does not include troubled debt restructured loans that are performing in accordance with their terms) at December 31, 2021 were $15.6 million, or 0.26% of total assets, compared to $25.9 million, or 0.42% of total assets, at September 30, 2021. The $10.3 million decline was largely due to a $2 million C&I loan moved back to accrual status, and a $7 million charge-off of the specific reserve on the commercial real estate loan with a large retail component located in Manhattan, and on deferral, that was placed on nonaccrual status in the third quarter of 2021. For the quarter ended December 31, 2021, the Company’s provision for loan and lease losses was $3.8 million compared to $1.6 million for the September 2021 quarter and $2.4 million for the December 2020 quarter. The increased provision for loan and lease losses in the December 2021 quarter, when compared to the linked quarter and the 2020 quarter, was due principally to significant loan growth during the December 2021 quarter and additional specific reserves of $4.2 million on the commercial real estate loan noted above, offset by reduced qualitative loss factors related to the unemployment rate and amount of loan deferrals and other economic qualitative factors due to the COVID-19 pandemic. Loans on deferral, and accruing, entered into during the COVID-19 pandemic have come down significantly from $914 million at June 30, 2020 to $13 million at December 31, 2021. The Company’s provision for loan and lease losses, and its allowance for loan and lease losses (ALLL) also reflect, among other things, the Company’s assessment of asset quality metrics, net charge-offs/recoveries, and the composition of the loan portfolio. At December 31, 2021, the allowance for loan and lease losses was $61.70 million (1.27% of total loans), compared to $65.13 million at September 30, 2021 (1.42% of loans) and $67.31 million at December 31, 2020 (1.53% of total loans). The Company will adopt CECL during the first quarter of 2022 and does not expect a material adjustment upon adoption. **Capital** The Company’s capital position during the December 2021 quarter was benefitted by net income of $14.86 million, which was offset by the purchase of shares through the Company’s stock repurchase program and the quarterly dividend. During the fourth quarter of 2021, the Company repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. GAAP Capital at December 31, 2021 was also impacted by an increase in the unrealized loss on available-for-sale securities in the fourth quarter of 2021, due to a rise in medium-term Treasury yields. The Company’s and Bank’s capital ratios at December 31, 2021 all remain strong. Such ratios remain well above regulatory well capitalized standards. As previously announced, in the fourth quarter of 2020, the Company successfully completed a private placement of $100 million in fixed-to floating rate subordinated notes due 2030 at a rate of 3.5%. Such funds benefitted the Company’s Regulatory Tier 2 Capital. At the time, the Company noted the proceeds raised would be used for general corporate purposes, which could include stock repurchases, the redemption of the Company’s then existing 6% subordinated debt and acquisitions of wealth management firms. Throughout the twelve months of 2021, the Company repurchased $29 million of stock. On June 30, 2021, the Company redeemed its 6% subordinated debt. On July 1, 2021, the Company closed on the acquisition of PPSG. The Company employs quarterly capital stress testing – adverse case and severely adverse case. In the most recent completed stress test on September 30, 2021, under severely adverse case, and no growth scenarios, the Bank remains well capitalized over a two-year stress period. With a Pandemic stress overlay, the Bank still remains well capitalized over the two-year stress period. On January 27, 2022, the Company declared a cash dividend of $0.05 per share payable on February 25, 2022, to shareholders of record on February 10, 2022. **ABOUT THE COMPANY** Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.1 billion and assets under management/administration of $11.1 billion as of December 31, 2021. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers. Peapack Private, the bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately-held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service. Visit [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4RpG3f0hf8P05FJomdfv97ti2vgdKOa35-xvCHFB8AmhHbwQ2vYlKo3J_miuAHcZQQ==) and [www.peapackprivate.com](https://www.globenewswire.com/Tracker?data=zhkim_Li_bfKiFsjMCYilzDSNx4HGRKhttDN3EyNcAkoPiX5EaJyl-ql2rX7vvZswkckMEz09upxASTPcZBA6uf3kunNHb18xOMaz7sntyE=) for more information. The foregoing may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to: - our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan; - the impact of anticipated higher operating expenses in 2022 and beyond; - our ability to successfully integrate wealth management firm acquisitions; - our ability to manage our growth; - our ability to successfully integrate our expanded employee base; - an unexpected decline in the economy, in particular in our New Jersey and New York market areas; - declines in our net interest margin caused by the interest rate environment and/or our highly competitive market; - declines in the value in our investment portfolio; - impact from a pandemic event on our business, operations, customers, allowance for loan losses and capital levels; - higher than expected increases in our allowance for loan and lease losses; - higher than expected increases in loan and lease losses or in the level of delinquent, nonperforming, classified and criticized loans; - changes in interest rates; - decline in real estate values within our market areas; - legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs; - successful cyberattacks against our IT infrastructure and that of our IT and third-party providers; - higher than expected FDIC insurance premiums; - adverse weather conditions; - our inability to successfully generate new business in new geographic markets; - a reduction in our lower-cost funding sources; - our inability to adapt to technological changes; - claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; - our inability to retain key employees; - demands for loans and deposits in our market areas; - adverse changes in securities markets; - changes in accounting policies and practices; and - other unexpected material adverse changes in our operations or earnings. Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 pandemic on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: - demand for our products and services may decline, making it difficult to grow assets and income; - if the economy worsens, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; - collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; - our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; - the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; - a material decrease in net income or a net loss over several quarters could result in an elimination or a decrease in the rate of our quarterly cash dividend; - our wealth management revenues may decline with continuing market turmoil; - a worsening of business and economic conditions or in the financial markets could result in an impairment of certain intangible assets, such as goodwill; - the unanticipated loss or unavailability of key employees due to the outbreak, which could harm our ability to operate our business or execute our business strategy, especially as we may not be successful in finding and integrating suitable successors; - we may face litigation, regulatory enforcement and reputation risk as a result of our participation in the PPP and the risk that the SBA may not fund some or all PPP loan guaranties; - our cyber security risks are increased as the result of an increase in the number of employees working remotely; and - FDIC premiums may increase if the agency experience additional resolution costs. A discussion of these and other factors that could affect our results is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2020. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. **Contact:** Jeffrey J. Carfora, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-719-4308 **(Tables to follow)** **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 42,075 & & & $ & 40,067 & & & $ & 39,686 & & & $ & 38,239 & & & $ & 38,532 & \\ \hline Interest expense & & & 4,863 & & & & 4,856 & & & & 5,841 & & & & 6,446 & & & & 6,797 & \\ \hline Net interest income & & & 37,212 & & & & 35,211 & & & & 33,845 & & & & 31,793 & & & & 31,735 & \\ \hline Wealth management fee income & & & 13,962 & & & & 13,860 & & & & 13,034 & & & & 12,131 & & & & 10,791 & \\ \hline Service charges and fees & & & 996 & & & & 959 & & & & 896 & & & & 846 & & & & 859 & \\ \hline Bank owned life insurance & & & 308 & & & & 311 & & & & 466 & & & & 611 & & & & 313 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 352 & & & & 408 & & & & 409 & & & & 1,025 & & & & 1,470 & \\ \hline (Loss)/Gain on loans held for sale at lower of cost or fair value (B) & & & (265 & ) & & & — & & & & 1,125 & & & & 282 & & & & — & \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans (A) & & & 989 & & & & 1,569 & & & & 932 & & & & 1,449 & & & & 375 & \\ \hline Corporate advisory fee income (A) & & & 2,180 & & & & 84 & & & & 121 & & & & 1,098 & & & & 50 & \\ \hline Loss on swap termination & & & — & & & & — & & & & (842 & ) & & & — & & & & — & \\ \hline Other income (C) & & & 581 & & & & 660 & & & & 1,495 & & & & 643 & & & & 590 & \\ \hline Securities (losses)/gains, net & & & (139 & ) & & & (70 & ) & & & 42 & & & & (265 & ) & & & (42 & ) \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Salaries and employee benefits (D) & & & 20,105 & & & & 19,859 & & & & 19,910 & & & & 21,990 & & & & 19,902 & \\ \hline Premises and equipment & & & 4,519 & & & & 4,459 & & & & 4,074 & & & & 4,113 & & & & 4,189 & \\ \hline FDIC insurance expense & & & 402 & & & & 555 & & & & 529 & & & & 585 & & & & 665 & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Other expenses & & & 5,785 & & & & 5,962 & & & & 6,171 & & & & 4,906 & & & & 5,284 & \\ \hline Total operating expenses & & & 31,704 & & & & 32,185 & & & & 30,684 & & & & 31,594 & & & & 39,249 & \\ \hline Pretax income before provision for loan losses & & & 24,472 & & & & 20,807 & & & & 20,839 & & & & 18,019 & & & & 6,892 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline Income before income taxes & & & 20,722 & & & & 19,207 & & & & 19,939 & & & & 17,794 & & & & 4,542 & \\ \hline Income tax expense & & & 5,867 & & & & 5,036 & & & & 5,521 & & & & 4,616 & & & & 1,512 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Total revenue (E) & & $ & 56,176 & & & $ & 52,992 & & & $ & 51,523 & & & $ & 49,613 & & & $ & 46,141 & \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 0.80 & & & $ & 0.76 & & & $ & 0.76 & & & $ & 0.70 & & & $ & 0.16 & \\ \hline Earnings per share (diluted) & & & 0.78 & & & & 0.74 & & & & 0.74 & & & & 0.67 & & & & 0.16 & \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,483,268 & & & & 18,763,316 & & & & 18,963,237 & & & & 18,950,305 & & & & 18,947,864 & \\ \hline Diluted & & & 19,070,594 & & & & 19,273,831 & & & & 19,439,439 & & & & 19,531,689 & & & & 19,334,569 & \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized (ROAA) & & & 0.96 & % & & & 0.95 & % & & & 0.97 & % & & & 0.89 & % & & & 0.21 & % \\ \hline Return on average equity annualized (ROAE) & & & 10.94 & % & & & 10.40 & % & & & 10.86 & % & & & 10.03 & % & & & 2.32 & % \\ \hline Return on average tangible common equity (ROATCE) (F) & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.46 & % & & & 2.42 & % & & & 2.38 & % & & & 2.28 & % & & & 2.25 & % \\ \hline GAAP efficiency ratio (G) & & & 56.44 & % & & & 60.74 & % & & & 59.55 & % & & & 63.68 & % & & & 85.06 & % \\ \hline Operating expenses / average assets annualized & & & 2.05 & % & & & 2.16 & % & & & 2.06 & % & & & 2.14 & % & & & 2.66 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes a $1.1 million gain on sale of $57 million of PPP loans completed in the June 2021 quarter. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the June 2021 quarter. (D) The March 2021 quarter included $1.5 million of severance expense related to corporate restructuring. (E) Total revenue equals the sum of net interest income plus total other income. (F) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income. See Non-GAAP financial measures reconciliation included in these tables. (G) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & & & & & & & & & \\ \hline & & December 31, & & & Change & \\ \hline & & 2021 & & & 2020 & & & $ & & & % & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 160,067 & & & $ & 165,750 & & & $ & (5,683 & ) & & & -3 & % \\ \hline Interest expense & & & 22,006 & & & & 38,148 & & & & (16,142 & ) & & & -42 & % \\ \hline Net interest income & & & 138,061 & & & & 127,602 & & & & 10,459 & & & & 8 & % \\ \hline Wealth management fee income & & & 52,987 & & & & 40,861 & & & & 12,126 & & & & 30 & % \\ \hline Service charges and fees & & & 3,697 & & & & 3,155 & & & & 542 & & & & 17 & % \\ \hline Bank owned life insurance & & & 1,696 & & & & 1,273 & & & & 423 & & & & 33 & % \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 2,194 & & & & 3,266 & & & & (1,072 & ) & & & -33 & % \\ \hline Gain on loans held for sale at lower of cost or fair value (B) & & & 1,142 & & & & 7,426 & & & & (6,284 & ) & & & -85 & % \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & 1,620 & & & & (1,620 & ) & & & -100 & % \\ \hline Gain on sale of SBA loans (A) & & & 4,939 & & & & 1,766 & & & & 3,173 & & & & 180 & % \\ \hline Corporate advisory fee income (A) & & & 3,483 & & & & 265 & & & & 3,218 & & & & 1214 & % \\ \hline Loss on swap termination & & & (842 & ) & & & — & & & & (842 & ) & & N/A & \\ \hline Other income (C) & & & 3,379 & & & & 1,847 & & & & 1,532 & & & & 83 & % \\ \hline Securities (losses)/gains, net & & & (432 & ) & & & 281 & & & & (713 & ) & & & -254 & % \\ \hline Total other income & & & 72,243 & & & & 61,760 & & & & 10,483 & & & & 17 & % \\ \hline Salaries and employee benefits (D) & & & 81,864 & & & & 77,516 & & & & 4,348 & & & & 6 & % \\ \hline Premises and equipment & & & 17,165 & & & & 16,377 & & & & 788 & & & & 5 & % \\ \hline FDIC insurance expense & & & 2,071 & & & & 1,975 & & & & 96 & & & & 5 & % \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & & & & (4,784 & ) & & & -100 & % \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & & & & (4,425 & ) & & & -100 & % \\ \hline Swap valuation allowance & & & 2,243 & & & & — & & & & 2,243 & & & N/A & \\ \hline Other expenses & & & 22,824 & & & & 19,882 & & & & 2,942 & & & & 15 & % \\ \hline Total operating expenses & & & 126,167 & & & & 124,959 & & & & 1,208 & & & & 1 & % \\ \hline Pretax income before provision for loan losses & & & 84,137 & & & & 64,403 & & & & 19,734 & & & & 31 & % \\ \hline Provision for loan and lease losses (E) & & & 6,475 & & & & 32,400 & & & & (25,925 & ) & & & -80 & % \\ \hline Income before income taxes & & & 77,662 & & & & 32,003 & & & & 45,659 & & & & 143 & % \\ \hline Income tax expense (F) & & & 21,040 & & & & 5,811 & & & & 15,229 & & & & 262 & % \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & & & $ & 30,430 & & & & 116 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Total revenue (G) & & $ & 210,304 & & & $ & 189,362 & & & $ & 20,942 & & & & 11 & % \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 3.01 & & & $ & 1.39 & & & $ & 1.62 & & & & 117 & % \\ \hline Earnings per share (diluted) & & & 2.93 & & & & 1.37 & & & & 1.56 & & & & 114 & % \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,788,679 & & & & 18,896,825 & & & & (108,146 & ) & & & -1 & % \\ \hline Diluted & & & 19,292,602 & & & & 19,081,187 & & & & 211,415 & & & & 1 & % \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & \\ \hline Return on average assets (ROAA) & & & 0.94 & % & & & 0.45 & % & & & 0.49 & % & & & 110 & % \\ \hline Return on average equity (ROAE) & & & 10.56 & % & & & 5.11 & % & & & 5.45 & % & & & 107 & % \\ \hline Return on average tangible common equity (ROATCE) (H) & & & 11.56 & % & & & 5.55 & % & & & 6.01 & % & & & 108 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.38 & % & & & 2.31 & % & & & 0.07 & % & & & 3 & % \\ \hline GAAP efficiency ratio (I) & & & 59.99 & % & & & 65.99 & % & & & (6.00 & )% & & & -9 & % \\ \hline Operating expenses / average assets & & & 2.10 & % & & & 2.16 & % & & & (0.06 & )% & & & -3 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes $1.1 million (2021) and $7.4 million (2020) of gains on sale of PPP loans of $57 million and $355 million completed in the twelve months ended December 31, 2021 and 2020, respectively. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the twelve months ended December 31, 2021. (D) 2021 included $1.5 million of severance expense related to corporate restructuring. (E) 2020 included a higher provision for loan and lease losses primarily due to the COVID-19 pandemic. (F) 2020 included a $3.2 million tax benefit related to the carryback of tax NOLs to prior years when the federal tax rate was 14% higher. (G) Total revenue equals the sum of net interest income plus total other income. (H) Return on average tangible common equity is calculated by dividing tangible common equity by net income. See Non-GAAP financial measures reconciliation included in these tables. (I) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **PEAPACK-GLADSTONE FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF CONDITION****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline ASSETS & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & $ & 5,929 & & & $ & 9,299 & & & $ & 12,684 & & & $ & 8,159 & & & $ & 10,629 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & 102 & \\ \hline Interest-earning deposits & & & 140,875 & & & & 606,913 & & & & 190,778 & & & & 468,276 & & & & 642,591 & \\ \hline Total cash and cash equivalents & & & 146,804 & & & & 616,212 & & & & 203,462 & & & & 476,537 & & & & 653,322 & \\ \hline Securities held to maturity & & & 108,680 & & & & — & & & & — & & & & — & & & & — & \\ \hline Securities available for sale & & & 796,753 & & & & 843,779 & & & & 823,820 & & & & 875,301 & & & & 622,689 & \\ \hline Equity security & & & 14,685 & & & & 14,824 & & & & 14,894 & & & & 14,852 & & & & 15,117 & \\ \hline FHLB and FRB stock, at cost & & & 12,950 & & & & 12,950 & & & & 12,901 & & & & 13,699 & & & & 13,709 & \\ \hline Residential mortgage & & & 501,340 & & & & 510,878 & & & & 504,181 & & & & 498,884 & & & & 520,188 & \\ \hline Multifamily mortgage & & & 1,595,866 & & & & 1,497,683 & & & & 1,420,043 & & & & 1,178,940 & & & & 1,127,198 & \\ \hline Commercial mortgage & & & 662,626 & & & & 680,107 & & & & 702,777 & & & & 697,599 & & & & 694,034 & \\ \hline Commercial loans (A) & & & 2,009,252 & & & & 1,833,532 & & & & 1,880,830 & & & & 1,982,570 & & & & 1,975,337 & \\ \hline Consumer loans & & & 33,687 & & & & 30,689 & & & & 31,889 & & & & 36,519 & & & & 37,016 & \\ \hline Home equity lines of credit & & & 40,803 & & & & 42,512 & & & & 44,062 & & & & 45,624 & & & & 50,547 & \\ \hline Other loans & & & 238 & & & & 245 & & & & 204 & & & & 199 & & & & 225 & \\ \hline Total loans & & & 4,843,812 & & & & 4,595,646 & & & & 4,583,986 & & & & 4,440,335 & & & & 4,404,545 & \\ \hline Less: Allowances for loan and lease losses & & & 61,697 & & & & 65,133 & & & & 63,505 & & & & 67,536 & & & & 67,309 & \\ \hline Net loans & & & 4,782,115 & & & & 4,530,513 & & & & 4,520,481 & & & & 4,372,799 & & & & 4,337,236 & \\ \hline Premises and equipment & & & 23,044 & & & & 23,123 & & & & 23,261 & & & & 23,260 & & & & 21,609 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Accrued interest receivable & & & 21,589 & & & & 22,790 & & & & 23,117 & & & & 23,916 & & & & 22,495 & \\ \hline Bank owned life insurance & & & 46,663 & & & & 46,510 & & & & 46,605 & & & & 46,448 & & & & 46,809 & \\ \hline Goodwill and other intangible assets & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Finance lease right-of-use assets & & & 3,582 & & & & 3,769 & & & & 3,956 & & & & 4,143 & & & & 4,330 & \\ \hline Operating lease right-of-use assets & & & 9,775 & & & & 10,307 & & & & 9,569 & & & & 10,186 & & & & 9,421 & \\ \hline Other assets (B) & & & 62,451 & & & & 66,175 & & & & 66,466 & & & & 64,912 & & & & 99,764 & \\ \hline TOTAL ASSETS & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & & & & & & & & & & & & \\ \hline Deposits: & & & & & & & & & & & & & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & $ & 956,482 & & & $ & 986,765 & & & $ & 959,494 & & & $ & 908,922 & & & $ & 833,500 & \\ \hline Interest-bearing demand deposits & & & 2,287,894 & & & & 2,355,892 & & & & 1,978,497 & & & & 1,987,567 & & & & 1,849,254 & \\ \hline Savings & & & 154,914 & & & & 168,831 & & & & 147,227 & & & & 141,743 & & & & 130,731 & \\ \hline Money market accounts & & & 1,307,051 & & & & 1,287,686 & & & & 1,213,992 & & & & 1,256,605 & & & & 1,298,885 & \\ \hline Certificates of deposit – Retail & & & 409,608 & & & & 426,981 & & & & 446,143 & & & & 474,668 & & & & 530,222 & \\ \hline Certificates of deposit – Listing Service & & & 31,382 & & & & 31,382 & & & & 31,631 & & & & 31,631 & & & & 32,128 & \\ \hline Subtotal “customer” deposits & & & 5,147,331 & & & & 5,257,537 & & & & 4,776,984 & & & & 4,801,136 & & & & 4,674,720 & \\ \hline IB Demand – Brokered & & & 85,000 & & & & 85,000 & & & & 85,000 & & & & 110,000 & & & & 110,000 & \\ \hline Certificates of deposit – Brokered & & & 33,818 & & & & 33,804 & & & & 33,791 & & & & 33,777 & & & & 33,764 & \\ \hline Total deposits & & & 5,266,149 & & & & 5,376,341 & & & & 4,895,775 & & & & 4,944,913 & & & & 4,818,484 & \\ \hline Short-term borrowings & & & — & & & & — & & & & — & & & & 15,000 & & & & 15,000 & \\ \hline FHLB advances & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Paycheck Protection Program Liquidity Facility (C) & & & — & & & & 48,496 & & & & 83,586 & & & & 168,180 & & & & 177,086 & \\ \hline Finance lease liability & & & 5,820 & & & & 6,063 & & & & 6,299 & & & & 6,528 & & & & 6,753 & \\ \hline Operating lease liability & & & 10,111 & & & & 10,644 & & & & 9,902 & & & & 10,509 & & & & 9,737 & \\ \hline Subordinated debt, net (D) & & & 132,701 & & & & 132,629 & & & & 132,557 & & & & 181,837 & & & & 181,794 & \\ \hline Other liabilities (B) & & & 116,824 & & & & 123,098 & & & & 125,110 & & & & 120,219 & & & & 154,466 & \\ \hline TOTAL LIABILITIES & & & 5,531,605 & & & & 5,697,271 & & & & 5,253,229 & & & & 5,447,186 & & & & 5,363,320 & \\ \hline Shareholders’ equity & & & 546,388 & & & & 543,014 & & & & 538,459 & & & & 522,441 & & & & 527,122 & \\ \hline TOTAL LIABILITIES AND & & & & & & & & & & & & & & & & & & & & \\ \hline SHAREHOLDERS’ EQUITY & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Assets under management and / or administration at Peapack-Gladstone Bank’s Private Wealth Management Division (market value, not included above-dollars in billions) & & $ & 11.1 & & & $ & 10.3 & & & $ & 9.8 & & & $ & 9.4 & & & $ & 8.8 & \\ \hline \end{table} (A) Includes PPP loans of $14 million at December 31, 2021; $49 million at September 30, 2021; $84 million at June 30, 2021; $233 million at March 31, 2021; and $196 million at December 31, 2020. (B) The change in other assets and other liabilities was primarily due to the change in the fair value of our back-to-back swap program. (C) Represents funding provided by the Federal Reserve for pledged PPP loans. (D) The decrease was due to the redemption of a $50 million subordinated debt on June 30, 2021. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Asset Quality: & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due over 90 days and still accruing & & $ & — & & & $ & — & & & $ & — & & & $ & — & & & $ & — & \\ \hline Nonaccrual loans (A) & & & 15,573 & & & & 25,925 & & & & 5,962 & & & & 11,767 & & & & 11,410 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Total nonperforming assets & & $ & 15,573 & & & $ & 25,925 & & & $ & 5,962 & & & $ & 11,817 & & & $ & 11,460 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Nonperforming loans to total loans & & & 0.32 & % & & & 0.56 & % & & & 0.13 & % & & & 0.27 & % & & & 0.26 & % \\ \hline Nonperforming assets to total assets & & & 0.26 & % & & & 0.42 & % & & & 0.10 & % & & & 0.20 & % & & & 0.19 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Performing TDRs (B)(C) & & $ & 2,479 & & & $ & 416 & & & $ & 190 & & & $ & 197 & & & $ & 201 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due 30 through 89 days and still accruing (D)(E) & & $ & 8,606 & & & $ & 1,193 & & & $ & 1,678 & & & $ & 1,622 & & & $ & 5,053 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans subject to special mention & & $ & 116,490 & & & $ & 115,935 & & & $ & 148,601 & & & $ & 166,013 & & & $ & 162,103 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Classified loans & & $ & 50,702 & & & $ & 51,937 & & & $ & 11,178 & & & $ & 25,714 & & & $ & 37,771 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Impaired loans & & $ & 18,052 & & & $ & 26,341 & & & $ & 6,498 & & & $ & 11,964 & & & $ & 16,204 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Allowance for loan and lease losses: & & & & & & & & & & & & & & & & & & & & \\ \hline Beginning of period & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & & & $ & 66,145 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline (Charge-offs)/recoveries, net & & & (7,186 & ) & & & 28 & & & & (4,931 & ) & & & 2 & & & & (1,186 & ) \\ \hline End of period & & $ & 61,697 & & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline ALLL to nonperforming loans & & & 396.18 & % & & & 251.24 & % & & & 1065.16 & % & & & 573.94 & % & & & 589.91 & % \\ \hline ALLL to total loans & & & 1.27 & % & & & 1.42 & % & & & 1.39 & % & & & 1.52 & % & & & 1.53 & % \\ \hline General ALLL to total loans (F) & & & 1.19 & % & & & 1.26 & % & & & 1.38 & % & & & 1.45 & % & & & 1.47 & % \\ \hline \end{table} (A) Increase at September 30, 2021 due to one large CRE loan with a retail component, located in Manhattan. (B) Amounts reflect TDRs that are paying according to restructured terms. (C) Amount excludes $1.1 million at December 31, 2021, $4.0 million at September 30, 2021, $3.9 million at June 30, 2021, $3.9 million at March 31, 2021 and $4.0 million at December 31, 2020 of TDRs included in nonaccrual loans. (D) Includes $6.9 million for one equipment lease principally due to administrative issues with the servicer and at the lessee/borrower at December 31, 2021. Payment was received in January. (E) December 31, 2020 includes $1.3 million of residential loans that are classified as delinquent due to an escrow payment shortage due to a recent change in escrow payment requirement. (F) Total ALLL less specific reserves equals general ALLL. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Capital Adequacy & & & & & & & & & & & & & & & & & & \\ \hline Equity to total assets (A) & & & & & 8.99 & % & & & & & 8.70 & % & & & & & 8.95 & % \\ \hline Tangible Equity to tangible assets (B) & & & & & 8.25 & % & & & & & 7.97 & % & & & & & 8.27 & % \\ \hline Book value per share (C) & & & & $ & 29.70 & & & & & $ & 29.15 & & & & & $ & 27.78 & \\ \hline Tangible Book Value per share (D) & & & & $ & 27.05 & & & & & $ & 26.50 & & & & & $ & 25.47 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Regulatory Capital – Holding Company & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage & & $ & 508,231 & & & 8.29% & & & $ & 501,188 & & & 8.56% & & & $ & 483,535 & & & 8.53% & \\ \hline Tier I capital to risk-weighted assets & & & 508,231 & & & & 10.62 & & & & 501,188 & & & 10.97 & & & & 483,535 & & & 11.93 & \\ \hline Common equity tier I capital ratio to risk-weighted assets & & & 508,207 & & & & 10.62 & & & & 501,159 & & & 10.97 & & & & 483,500 & & & 11.93 & \\ \hline Tier I & II capital to risk-weighted assets & & & 700,790 & & & & 14.64 & & & & 691,044 & & & 15.12 & & & & 716,210 & & & 17.67 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Regulatory Capital – Bank & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage (E) & & $ & 612,762 & & & 9.99% & & & $ & 594,610 & & & 10.15% & & & $ & 549,575 & & & 9.71% & \\ \hline Tier I capital to risk-weighted assets (F) & & & 612,762 & & & & 12.80 & & & & 594,610 & & & 13.01 & & & & 549,575 & & & 13.55 & \\ \hline Common equity tier I capital ratio to risk-weighted assets (G) & & & 612,738 & & & & 12.80 & & & & 594,581 & & & 13.01 & & & & 549,540 & & & 13.55 & & \\ \hline Tier I & II capital to risk-weighted assets (H) & & & 672,614 & & & & 14.05 & & & & 651,841 & & & 14.26 & & & & 600,478 & & & 14.81 & \\ \hline \end{table} (A) Equity to total assets is calculated as total shareholders’ equity as a percentage of total assets at period end. (B) Tangible equity and tangible assets are calculated by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. Tangible equity as a percentage of tangible assets at period end is calculated by dividing tangible equity by tangible assets at period end. See Non-GAAP financial measures reconciliation included in these tables. (C) Book value per common share is calculated by dividing shareholders’ equity by period end common shares outstanding (D) Tangible book value per share excludes intangible assets. Tangible book value per share is calculated by dividing tangible equity by period end common shares outstanding. See Non-GAAP financial measures reconciliation tables. (E) Regulatory well capitalized standard = 5.00% ($307 million) (F) Regulatory well capitalized standard = 8.00% ($383 million) (G) Regulatory well capitalized standard = 6.50% ($311 million) (H) Regulatory well capitalized standard = 10.00% ($479 million) **PEAPACK-GLADSTONE FINANCIAL CORPORATION****LOANS CLOSED****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Quarters Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 22,953 & & & $ & 36,845 & & & $ & 37,083 & & & $ & 15,814 & & & $ & 22,316 & \\ \hline Residential loans sold & & & 20,694 & & & & 24,041 & & & & 25,432 & & & & 45,873 & & & & 64,630 & \\ \hline Total residential loans & & & 43,647 & & & & 60,886 & & & & 62,515 & & & & 61,687 & & & & 86,946 & \\ \hline Commercial real estate & & & 16,134 & & & & 14,944 & & & & 12,243 & & & & 38,363 & & & & — & \\ \hline Multifamily & & & 162,740 & & & & 120,716 & & & & 255,820 & & & & 85,009 & & & & 1,184 & \\ \hline Commercial (C&I) loans (A) (B) & & & 341,886 & & & & 143,121 & & & & 141,285 & & & & 129,141 & & & & 218,235 & \\ \hline SBA (C) & & & 27,630 & & & & 11,570 & & & & 15,976 & & & & 58,730 & & & & 8,355 & \\ \hline Wealth lines of credit (A) & & & 7,500 & & & & 10,020 & & & & 3,200 & & & & 2,475 & & & & 3,925 & \\ \hline Total commercial loans & & & 555,890 & & & & 300,371 & & & & 428,524 & & & & 313,718 & & & & 231,699 & \\ \hline Installment loans & & & 94 & & & & 178 & & & & 25 & & & & 63 & & & & 690 & \\ \hline Home equity lines of credit (A) & & & 5,359 & & & & 2,535 & & & & 4,140 & & & & 1,899 & & & & 2,330 & \\ \hline Total loans closed & & $ & 604,990 & & & $ & 363,970 & & & $ & 495,204 & & & $ & 377,367 & & & $ & 321,665 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 112,695 & & & $ & 88,373 & \\ \hline Residential loans sold & & & 116,040 & & & & 175,603 & \\ \hline Total residential loans & & & 228,735 & & & & 263,976 & \\ \hline Commercial real estate & & & 81,684 & & & & 11,219 & \\ \hline Multifamily & & & 624,285 & & & & 76,642 & \\ \hline Commercial (C&I) loans (A) (B) & & & 755,433 & & & & 478,485 & \\ \hline SBA (C) & & & 113,906 & & & & 622,798 & \\ \hline Wealth lines of credit (A) & & & 23,195 & & & & 9,675 & \\ \hline Total commercial loans & & & 1,598,503 & & & & 1,198,819 & \\ \hline Installment loans & & & 360 & & & & 2,149 & \\ \hline Home equity lines of credit (A) & & & 13,933 & & & & 15,001 & \\ \hline Total loans closed & & $ & 1,841,531 & & & $ & 1,479,945 & \\ \hline \end{table} (A) Includes loans and lines of credit that closed in the period but not necessarily funded. (B) Includes equipment finance. (C) Includes PPP loans of $9 million for the quarter ended June 30, 2021, $47 million for the quarter ended March 31, 2021 and $596 million for the twelve months ended December 31, 2020. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 636,417 & & & $ & 2,033 & & & & 1.28 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 8,137 & & & & 101 & & & & 4.96 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 520,123 & & & & 4,372 & & & & 3.36 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 1,865,953 & & & & 14,796 & & & & 3.17 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,943,855 & & & & 16,587 & & & & 3.41 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 10,376 & & & & 108 & & & & 4.16 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 44,581 & & & & 320 & & & & 2.87 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 51,545 & & & & 429 & & & & 3.33 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 281 & & & & 6 & & & & 8.54 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,436,714 & & & & 36,618 & & & & 3.30 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 614,024 & & & & 148 & & & & 0.10 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,695,394 & & & & 38,900 & & & & 2.73 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 9,632 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (68,862 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 21,698 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 238,856 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 201,324 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 1,850,917 & & & $ & 1,059 & & & & 0.23 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,273,681 & & & & 811 & & & & 0.25 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 128,195 & & & & 17 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 602,068 & & & & 2,106 & & & & 1.40 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,854,861 & & & & 3,993 & & & & 0.41 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 113,696 & & & & 514 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,756 & & & & 267 & & & & 3.16 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,002,313 & & & & 4,774 & & & & 0.48 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 244,753 & & & & 616 & & & & 1.01 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,832 & & & & 82 & & & & 4.80 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 94,437 & & & & 1,325 & & & & 5.61 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,348,335 & & & & 6,797 & & & & 0.63 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 858,004 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 166,933 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,024,937 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 523,446 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 32,103 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.10 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.25 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & September 30, 2021 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 820,574 & & & $ & 2,824 & & & & 1.38 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 6,035 & & & & 64 & & & & 4.24 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 503,621 & & & & 3,779 & & & & 3.00 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 2,133,259 & & & & 16,114 & & & & 3.02 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,826,368 & & & & 16,553 & & & & 3.63 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 24,596 & & & & 198 & & & & 3.22 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 32,219 & & & & 245 & & & & 3.04 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 43,182 & & & & 357 & & & & 3.31 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 252 & & & & 5 & & & & 7.94 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,563,497 & & & & 37,251 & & & & 3.27 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 413,623 & & & & 142 & & & & 0.14 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,803,729 & & & & 40,281 & & & & 2.78 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 8,592 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (64,100 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 23,311 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 201,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 169,090 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 2,098,827 & & & $ & 1,177 & & & & 0.22 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,257,760 & & & & 683 & & & & 0.22 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 152,759 & & & & 20 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 461,917 & & & & 836 & & & & 0.72 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,971,263 & & & & 2,716 & & & & 0.27 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 85,000 & & & & 385 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,796 & & & & 266 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,090,059 & & & & 3,367 & & & & 0.33 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 64,332 & & & & 57 & & & & 0.35 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,147 & & & & 74 & & & & 4.82 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 132,588 & & & & 1,358 & & & & 4.10 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,293,126 & & & & 4,856 & & & & 0.45 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 997,450 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 137,387 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,134,837 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 544,856 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 35,425 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.33 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.42 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTWELVE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 838,174 & & & $ & 11,577 & & & & 1.38 & % & & $ & 510,245 & & & $ & 8,782 & & & & 1.72 & % \\ \hline Tax-exempt (A) (B) & & & 6,579 & & & & 296 & & & & 4.50 & & & & 9,479 & & & & 477 & & & & 5.03 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 503,616 & & & & 15,359 & & & & 3.05 & & & & 528,687 & & & & 17,882 & & & & 3.38 & \\ \hline Commercial mortgages & & & 2,032,318 & & & & 63,298 & & & & 3.11 & & & & 1,958,262 & & & & 64,541 & & & & 3.30 & \\ \hline Commercial & & & 1,881,683 & & & & 66,652 & & & & 3.54 & & & & 1,969,115 & & & & 71,037 & & & & 3.61 & \\ \hline Commercial construction & & & 20,420 & & & & 692 & & & & 3.39 & & & & 5,932 & & & & 295 & & & & 4.97 & \\ \hline Installment & & & 34,390 & & & & 1,030 & & & & 3.00 & & & & 51,007 & & & & 1,532 & & & & 3.00 & \\ \hline Home equity & & & 44,735 & & & & 1,479 & & & & 3.31 & & & & 53,853 & & & & 1,940 & & & & 3.60 & \\ \hline Other & & & 247 & & & & 21 & & & & 8.50 & & & & 311 & & & & 29 & & & & 9.32 & \\ \hline Total loans & & & 4,517,409 & & & & 148,531 & & & & 3.29 & & & & 4,567,167 & & & & 157,256 & & & & 3.44 & \\ \hline Federal funds sold & & & 48 & & & & — & & & & 0.13 & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 477,477 & & & & 545 & & & & 0.11 & & & & 504,753 & & & & 968 & & & & 0.19 & \\ \hline Total interest-earning assets & & & 5,839,687 & & & & 160,949 & & & & 2.76 & % & & & 5,591,746 & & & & 167,483 & & & & 3.00 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 10,396 & & & & & & & & & & & & 7,025 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (67,075 & ) & & & & & & & & & & & (61,401 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,094 & & & & & & & & & & & & 21,455 & & & & & & & & & \\ \hline Other assets & & & 197,893 & & & & & & & & & & & & 219,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 164,308 & & & & & & & & & & & & 186,366 & & & & & & & & & \\ \hline Total assets & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,078,658 & & & $ & 4,426 & & & & 0.21 & % & & $ & 1,742,846 & & & $ & 7,279 & & & & 0.42 & % \\ \hline Money markets & & & 1,260,865 & & & & 2,882 & & & & 0.23 & & & & 1,227,295 & & & & 6,185 & & & & 0.50 & \\ \hline Savings & & & 146,210 & & & & 75 & & & & 0.05 & & & & 120,780 & & & & 63 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 483,889 & & & & 4,058 & & & & 0.84 & & & & 654,652 & & & & 11,476 & & & & 1.75 & \\ \hline Subtotal interest-bearing deposits & & & 3,969,622 & & & & 11,441 & & & & 0.29 & & & & 3,745,573 & & & & 25,003 & & & & 0.67 & \\ \hline Interest-bearing demand – brokered & & & 96,301 & & & & 1,721 & & & & 1.79 & & & & 143,388 & & & & 2,773 & & & & 1.93 & \\ \hline Certificates of deposit – brokered & & & 33,790 & & & & 1,058 & & & & 3.13 & & & & 33,735 & & & & 1,061 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,099,713 & & & & 14,220 & & & & 0.35 & & & & 3,922,696 & & & & 28,837 & & & & 0.74 & \\ \hline Borrowings & & & 110,077 & & & & 473 & & & & 0.43 & & & & 308,814 & & & & 3,976 & & & & 1.29 & \\ \hline Capital lease obligation & & & 6,260 & & & & 300 & & & & 4.79 & & & & 7,157 & & & & 343 & & & & 4.79 & \\ \hline Subordinated debt & & & 156,888 & & & & 7,013 & & & & 4.47 & & & & 86,246 & & & & 4,992 & & & & 5.79 & \\ \hline Total interest-bearing liabilities & & & 4,372,938 & & & & 22,006 & & & & 0.50 & % & & & 4,324,913 & & & & 38,148 & & & & 0.88 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 959,912 & & & & & & & & & & & & 787,191 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 134,948 & & & & & & & & & & & & 153,648 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,094,860 & & & & & & & & & & & & 940,839 & & & & & & & & & \\ \hline Shareholders’ equity & & & 536,197 & & & & & & & & & & & & 512,360 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 138,943 & & & & & & & & & & & $ & 129,335 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.26 & % & & & & & & & & & & & 2.12 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.38 & % & & & & & & & & & & & 2.31 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****NON-GAAP FINANCIAL MEASURES RECONCILIATION** Tangible book value per share and tangible equity as a percentage of tangible assets at period end are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. We calculate tangible book value per share by dividing tangible equity by period end common shares outstanding, as compared to book value per common share, which we calculate by dividing shareholders’ equity by period end common shares outstanding. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. The efficiency ratio is a non-GAAP measure of expense control relative to recurring revenue. We calculate the efficiency ratio by dividing total noninterest expenses, excluding other real estate owned provision, as determined under GAAP, by net interest income and total noninterest income as determined under GAAP, but excluding net gains/(losses) on loans held for sale at lower of cost or fair value and excluding net gains on securities from this calculation, which we refer to below as recurring revenue. We believe that this provides a reasonable measure of core expenses relative to core revenue. We believe these non-GAAP financial measures provide information that is important to investors and useful in understanding our financial position, results and ratios because our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titles measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity, tangible book value per share and efficiency ratio to the underlying GAAP numbers is set forth below. (Dollars in thousands, except share data) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Tangible Book Value Per Share & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Shareholders’ equity & & $ & 546,388 & & & $ & 543,014 & & & $ & 538,459 & & & $ & 522,441 & & & $ & 527,122 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible equity & & $ & 497,486 & & & $ & 493,681 & & & $ & 495,303 & & & $ & 478,917 & & & $ & 483,231 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Period end shares outstanding & & & 18,393,888 & & & & 18,627,910 & & & & 18,829,877 & & & & 19,034,870 & & & & 18,974,703 & \\ \hline Tangible book value per share & & $ & 27.05 & & & $ & 26.50 & & & $ & 26.30 & & & $ & 25.16 & & & $ & 25.47 & \\ \hline Book value per share & & & 29.70 & & & & 29.15 & & & & 28.60 & & & & 27.45 & & & & 27.78 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Tangible Equity to Tangible Assets & & & & & & & & & & & & & & & & & & & & \\ \hline Total assets & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible assets & & $ & 6,029,091 & & & $ & 6,190,952 & & & $ & 5,748,532 & & & $ & 5,926,103 & & & $ & 5,846,551 & \\ \hline Tangible equity to tangible assets & & & 8.25 & % & & & 7.97 & % & & & 8.62 & % & & & 8.08 & % & & & 8.27 & % \\ \hline Equity to assets & & & 8.99 & % & & & 8.70 & % & & & 9.30 & % & & & 8.75 & % & & & 8.95 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 543,035 & & & $ & 544,856 & & & $ & 530,971 & & & $ & 525,643 & & & $ & 523,446 & \\ \hline Less: Average intangible assets, net & & & 49,151 & & & & 48,757 & & & & 43,366 & & & & 43,742 & & & & 40,336 & \\ \hline Average tangible equity & & $ & 493,884 & & & $ & 496,099 & & & $ & 487,605 & & & $ & 481,901 & & & $ & 483,110 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2020 & \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & \\ \hline & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 536,197 & & & $ & 512,360 & \\ \hline Less: Average intangible assets, net & & & 46,275 & & & & 40,186 & \\ \hline Average tangible equity & & $ & 489,922 & & & $ & 472,174 & \\ \hline & & & & & & & & \\ \hline Return on average tangible common equity & & & 11.56 & % & & & 5.55 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 37,212 & & & $ & 35,211 & & & $ & 33,845 & & & $ & 31,793 & & & $ & 31,735 & \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Add: & & & & & & & & & & & & & & & & & & & & \\ \hline Securities losses/(gains), net & & & 139 & & & & 70 & & & & (42 & ) & & & 265 & & & & 42 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline Loss/(gain) on loans held for sale & & & & & & & & & & & & & & & & & & & & \\ \hline at lower of cost or fair value & & & 265 & & & & — & & & & (1,125 & ) & & & (282 & ) & & & — & \\ \hline Income from life insurance proceeds & & & — & & & & — & & & & (153 & ) & & & (302 & ) & & & — & \\ \hline Loss on swap termination & & & — & & & & — & & & & 842 & & & & — & & & & — & \\ \hline Total recurring revenue & & $ & 56,580 & & & $ & 53,062 & & & $ & 51,045 & & & $ & 49,294 & & & $ & 46,183 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Operating expenses & & $ & 31,704 & & & $ & 32,185 & & & $ & 30,684 & & & $ & 31,594 & & & $ & 39,249 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & — & & & & — & & & & 648 & & & & — & & & & — & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Severance expense & & & — & & & & — & & & & — & & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 30,811 & & & $ & 30,835 & & & $ & 30,036 & & & $ & 30,062 & & & $ & 30,040 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 54.46 & % & & & 58.11 & % & & & 58.84 & % & & & 60.99 & % & & & 65.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 138,061 & & & $ & 127,602 & \\ \hline Total other income & & & 72,243 & & & & 61,760 & \\ \hline Add: & & & & & & & & \\ \hline Securities losses/(gains), net & & & 432 & & & & (281 & ) \\ \hline Less: & & & & & & & & \\ \hline Loss/ on swap termination & & & 842 & & & & — & \\ \hline Income from life insurance proceeds & & & (455 & ) & & & — & \\ \hline (Gain) on loans held for sale & & & & & & & & \\ \hline at lower of cost or fair value & & & (1,142 & ) & & & (7,426 & ) \\ \hline Total recurring revenue & & $ & 209,981 & & & $ & 181,655 & \\ \hline & & & & & & & & \\ \hline Operating expenses & & $ & 126,167 & & & $ & 124,959 & \\ \hline Less: & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & 648 & & & & — & \\ \hline Swap valuation allowance & & & 2,243 & & & & — & \\ \hline Severance expense & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 121,744 & & & $ & 115,750 & \\ \hline & & & & & & & & \\ \hline Efficiency ratio & & & 57.98 & % & & & 63.72 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDg4MCM0Njk4MjkxIzUwMDAzMjA1OQ==) [Image](https://ml.globenewswire.com/media/Mjk3YWJiOTEtNmFiOC00N2JmLWI5ZGEtZTMzNjE4OWIzMWI0LTUwMDAzMjA1OQ==/tiny/Peapack-Gladstone-Financial-Co.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/53b6bb79-23d0-48f1-86d7-afdb745bcf7e) Source: Peapack-Gladstone Financial Corporation
Date: 2022-01-28
Title: Is It Time To Buy High-Growth Stocks?
Article: The interest rate sensitivity of high-growth stocks has caused their rich 2021 valuations to capitulate as yields soar. The Ark Innovation ETF [ARKK](https://www.nasdaq.com/market-activity/funds-and-etfs/arkk), the innovation benchmark, has tumbled -33% year-to-date, -60% off its February 2021 highs.Has fear and momentum trading caused the stock market to overdo this high-growth correction? The answer lies with your outlook on the Fed’s monetary approach to inflation and sustained demand.Fed Chair Powell has done a phenomenal job navigating these uncharted economic waters, and I believe his perception of natural inflation deceleration is valid. Powell and his regime of accommodative central bankers are doing everything in their power to keep the US economy growing.Outsized demand is what is causing this inflationary environment, and analyst beating results & forward guidance from Apple [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) & Microsoft [MSFT](https://www.nasdaq.com/market-activity/stocks/msft) just showed that our appetite for the hottest tech might be insatiable.Well-positioned tech is looking at accelerated secular growth over the next decade as society transitions in the 4th Industrial Revolution.It’s impossible to call a market bottom, but with the S&P 500 teetering around correction territory (-10% off recent highs), it’s time to start adding to your portfolio for the future. **Stocks I’m Adding To Today**: CrowdStrike [CRWD](https://www.nasdaq.com/market-activity/stocks/crwd), Twilio [TWLO](https://www.nasdaq.com/market-activity/stocks/twlo), TSMC [TSM](https://www.nasdaq.com/market-activity/stocks/tsm), Alaskan Air [ALK](https://www.nasdaq.com/market-activity/stocks/alk), ACM Research [ACMR](https://www.nasdaq.com/market-activity/stocks/acmr), & Splunk [SPLK](https://www.nasdaq.com/market-activity/stocks/splk). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_VIDEOBLOG_01282022&cid=CS-NASDAQ-FT-video_blog-1859309) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Microsoft Corporation (MSFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MSFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [ACM Research, Inc. (ACMR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ACMR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TSM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Alaska Air Group, Inc. (ALK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Splunk Inc. (SPLK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SPLK&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [Twilio Inc. (TWLO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TWLO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [ARK Innovation ETF (ARKK): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_VIDEOBLOG&d_alert=rd_final_rank&t=ARKK&split=1&cid=CS-NASDAQ-FT-video_blog-1859309) [CrowdStrike (CRWD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRWD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_VIDEOBLOG&cid=CS-NASDAQ-FT-video_blog-1859309) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859309/is-it-time-to-buy-high-growth-stocks?cid=CS-NASDAQ-FT-video_blog-1859309) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: UNFI Earns Top Score in Human Rights Campaign Foundation’s 2022 Corporate Equality Index
Article: UNFI’s work to foster a culture of inclusion earns a top score of 100 in annual assessment of LGBTQ+ workplace equality PROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (NYSE: UNFI) ("UNFI"), announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. UNFI joins the ranks of over 840 major U.S. businesses that also earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ+ Equality.“UNFI aims to be an inclusive place for all. National surveys indicate that nearly half of LGBTQ+ people are not out in the workplace, and one in 10 have faced discrimination at work. We understand the impact this could have on an associate’s psychological safety and ability to connect with their colleagues. We are proud to receive this recognition and are committed to continue learning and adapting to better serve our associates and customers,” said Guillaume Bagal, vice president of diversity and inclusion at UNFI.UNFI is working to advance diversity, equity, and inclusion in the workplace by fostering a culture of inclusion and empathy through open dialogue, effective associate training, and by honoring holidays and special events that speak to the company’s associates’ identities. In the past year, UNFI took a variety of steps to progress on this mission including: - Launched the UNFI Diversity Council; - Rolled out belonging and innovation groups (BIGs); voluntary and social-led groups focused on common interest, backgrounds, and demographics with the core purpose of fostering a sense of belonging; - Introduced Real Talk, a series of virtual discussions focusing on the intersection of diversity and inclusion with career, wellness and leadership development; - Created UNFI Inclusion 101 which educates associates on the LGBTQ+ community, including gender identity and expression; - Developed UCount, a way for associates to share more about themselves, including transgender and non-binary identities; and - Designed new policies to include workplace gender transition and equal access to facilities “When the Human Rights Campaign Foundation created the Corporate Equality Index 20 years ago, we dreamed that LGBTQ+ workers—from the factory floor to corporate headquarters, in big cities and small towns—could have access to the policies and benefits needed to thrive and live life authentically,” said Jay Brown, Human Rights Campaign Senior Vice President of Programs, Research and Training. “We are proud that the Corporate Equality Index paved the way to that reality for countless LGBTQ+ workers in America and abroad. But there is still more to do, which is why we are raising the bar yet again to create more equitable workplaces and a better tomorrow for LGBTQ+ workers everywhere. Congratulations to UNFI for achieving the title of ‘best places to work for LGBTQ+ equality’ and working to advance inclusion in the workplace.”The CEI rates companies on detailed criteria falling under four central pillars: - Non-discrimination policies across business entities; - Equitable benefits for LGBTQ+ workers and their families; - Supporting an inclusive culture; and - Corporate social responsibility. The full report is available online at [www.hrc.org/cei](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.hrc.org%2Fcei&esheet=52570802&newsitemid=20220128005523&lan=en-US&anchor=www.hrc.org%2Fcei&index=1&md5=b1221addeb5f06cad9ba76c9bc9f9922). **About United Natural Foods** UNFI is North America's premier food wholesaler delivering the widest variety of products to customer locations throughout North America including natural product superstores, independent retailers, conventional supermarket chains, ecommerce retailers, and food service customers. By providing this deeper 'full-store' selection and compelling brands for every aisle, UNFI is uniquely positioned to deliver great food, more choices, and fresh thinking to customers everywhere. Today, UNFI is the largest publicly traded grocery distributor in America. To learn more about how UNFI is Fueling the Future of Food, visit [www.unfi.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.unfi.com&esheet=52570802&newsitemid=20220128005523&lan=en-US&anchor=www.unfi.com&index=2&md5=cad4162b489604d6c75ca6fa5682b32e).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005523r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005523/en/](https://www.businesswire.com/news/home/20220128005523/en/) **Investor Contact** Steve Bloomquist 952-828-4144 [[email protected]](mailto:[email protected])**Media Contact** Jeff Swanson 952-903-1645 [[email protected]](mailto:[email protected]) Source: United Natural Foods, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Article: WEST READING, Pa.--(BUSINESS WIRE)-- Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.333922 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $ 0.310297 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022. **About Customers Bancorp** Customers Bancorp, Inc. (NYSE:CUBI) is a bank holding company which provides financial services through its subsidiary Customers Bank, a full-service super-community bank with assets of approximately $19.6 billion at December 31, 2021. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bank provides blockchain-based digital payments via the Customers Bank Instant Token (CBITTM) which allows clients to make instant payments in U.S. dollars, 24 hours a day, 7 days a week, 365 days a year. More at [www.customersbank.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.customersbank.com&esheet=52570666&newsitemid=20220128005437&lan=en-US&anchor=www.customersbank.com&index=1&md5=a02851cce4e122df3623b4f68b0960fb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005437r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005437/en/](https://www.businesswire.com/news/home/20220128005437/en/) David Patti, Communications Director 610-451-9452 Source: Customers Bancorp, Inc.
Date: 2022-01-28
Title: Tompkins Financial Corporation Reports Cash Dividend
Article: ITHACA, N.Y.--(BUSINESS WIRE)-- **Tompkins Financial Corporation (NYSE American:TMP)**Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.57 per share, payable on February 15, 2022, to common shareholders of record on February 8, 2022. The dividend amount represents an increase of $0.03 or 5.3% over the dividend paid in the first quarter of 2021.Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, and Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit [www.tompkinsfinancial.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tompkinsfinancial.com&esheet=52570219&newsitemid=20220128005042&lan=en-US&anchor=www.tompkinsfinancial.com&index=1&md5=d8508d7bdde12581d3d360fa00682dcb).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005042r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005042/en/](https://www.businesswire.com/news/home/20220128005042/en/) Stephen S. Romaine, President & CEO Francis M. Fetsko, Executive VP, CFO & COO Tompkins Financial Corporation (888) 503-5753 Source: Tompkins Financial Corporation
Date: 2022-01-28
Title: Lowe's + Petco Store-in-store Set For Launch
Article: (RTTNews) - Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under one roof. This "one-of-a-kind specialty retail partnership" brings Petco shops to select Lowe's locations to offer customers trusted products, services and expertise for both home and pets in one, convenient stop at select Lowe's locations. "Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to create healthy, happy homes for pet parents and the pets they love," said Nick Konat, Petco's chief merchandising officer. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February. The company also plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. These Lowe's + Petco locations will offer pet parents a curated assortment of Petco's high-quality pet nutrition as well as health and wellness supplies and services, including Petco's beloved owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh, as well as a variety of popular national brands. This will add to Lowe's existing "pets welcome" atmosphere and selection of pet-friendly products such as STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies. All these products from Petco will also be available to purchase in store or on Lowes.com to be picked up curbside, in contactless pickup lockers or at the Customer Service desk at Lowe's pilot locations at no additional cost. Lowe's + Petco locations are also expected to offer a selection of Petco's pet services, including Vetco vaccination clinics, microchipping, prescription pest prevention, and mobile grooming at select times and locations. Lowe's is also looking to staff these Lowe's + Petco pilot locations with knowledgeable Petco employees during peak hours to offer pet-focused guidance alongside Lowe's associates' advice on home improvement projects. According to a recent online survey conducted by TRUE Global Intelligence on behalf of Lowe's, more than 11 million new pets entered U.S. homes since the start of the pandemic, with 67 percent of respondents having found their greatest comfort in their pets while nearly half found that comfort in their homes.
Date: 2022-01-28
Title: VNET Announces US$250 Million Investment from Blackstone
Article: BEIJING, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that funds managed by Blackstone Tactical Opportunities (NYSE: BX) (“Blackstone”), the world’s largest alternative investment firm, have agreed to make an investment in VNET by purchasing US$250 million of convertible notes (the “Notes”). The Notes have a term of five years and carry interest at 2% per annum. Josh Chen, Founder and Executive Chairman of VNET, said, “Over the last two years, we have accelerated the growth of our data center footprint in high-demand locations across China’s tier-1 cities. Blackstone’s investment provides us with the capital to take advantage of a robust pipeline of attractive development projects that support our hyperscale and enterprise customers. We look forward to building on this partnership with Blackstone.” Jasvinder Khaira, a Senior Managing Director in the Tactical Opportunities Group of Blackstone, said, “Under the leadership of Josh and the management team, VNET has become one of the top data center operators in China with a strong operating track record. Data centers and the ongoing migration to the cloud are two of Blackstone’s highest conviction themes globally and we believe VNET plays an important role in the buildout of China’s digital new infrastructure.” The Notes are convertible into the Company’s American depositary shares (“ADSs”), each representing six Class A ordinary shares, at US$11.00 per ADS, representing a premium of 35% to the latest closing price of US$8.14 per ADS. The transaction is subject to customary closing conditions and the closing is expected to take place in early February. The Notes have been offered in offshore transactions outside the US pursuant under Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Notes, any ADSs deliverable upon conversion of the Notes and the Class A ordinary shares represented thereby have not been registered under the Securities Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. **About VNET** VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. **About Blackstone** Blackstone is the world’s largest alternative investment firm. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $881 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at [www.blackstone.com](http://www.blackstone.com/). Follow Blackstone on Twitter @Blackstone. **Safe Harbor Statement** This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. **Investor Relations Contact** Xinyuan LiuTel: +86 10 8456 2121Email: [[email protected]](https://www.globenewswire.com/Tracker?data=PTCYqqAYMK1M9c4bSxRCxgEkq_aw_4iGnbuj43hstke_3kawANxmkHOaxX1BDW1DQwzzmerg8xxFmfSu_L3HBg==) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIyMCM0Njk4OTk3IzIwMDI2NDk=) [Image](https://ml.globenewswire.com/media/YWRkM2FhMWItZjc0ZS00MWZlLTgzODYtZDVjNjU4N2Y0MmJjLTEwMTQyMjI=/tiny/VNET-Group-Inc-.png) Source: VNET Group, Inc.
Date: 2022-01-28
Title: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)
Article: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: PGC
Security: Peapack-Gladstone Financial Corporation
Related Stocks/Topics: Unknown
Title: Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results and Announces Another 5% Stock Repurchase Program
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: Bedminster, NJ, Jan. 28, 2022 (GLOBE NEWSWIRE) -- via [NewMediaWire](https://www.globenewswire.com/Tracker?data=qs3AUx-RMuLDTj1I4bljhmuisH5cAgEyJ2x6zLDw9-2EmmYk9Ac95RYJUr3KpXRWt1QcKZLFtVQ3SzNenpu48AC7MbhvdsuL-BsxhniIk44=) -- Peapack-Gladstone Financial Corporation (**NASDAQ Global Select Market: PGC**) (the “Company”) announces its fourth quarter 2021 results. **This earnings release should be read in conjunction with the Company’s Q4 2021 Investor Update, a copy of which is available on our website at** [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4e6qMi33jqoX4-A3drudcvHV2U6L1yQknaaK7L3PfIJis6XP11OhdAu4PLTTBe7M0Q==)**and****via a current report on Form 8-K on the website of the Securities and Exchange Commission at [www.sec.gov](http://www.sec.gov/).** For the quarter ended December 31, 2021, the Company recorded total revenue of $56.17 million, net income of $14.86 million and diluted earnings per share (“EPS”) of $0.78, compared to revenue of $46.14 million, net income of $3.03 million and diluted EPS of $0.16, respectively, for the three-month period ended December 31, 2020. For the year ended December 31, 2021, the Company recorded total revenue of $210.31 million, net income of $56.62 million and diluted earnings per share (“EPS”) of $2.93 compared to revenue of $189.36 million, net income of $26.19 million and diluted EPS of $1.37, respectively, for the year ended December 31, 2020. Improvement in the 2021 periods was principally driven by the Company’s wealth management and commercial banking businesses. 2021 included increased wealth management income, corporate advisory fees and SBA income, as well as increased net interest income resulting from asset growth, coupled with margin improvement. The earnings for the full year of 2021 also benefitted from a significantly lower provision for loan losses. The Q4 2021 period included a $893,000 swap valuation allowance recorded in operating expenses related to a loan placed on nonaccrual in Q3 2021. Q4 2021 also included a higher provision for loan losses due to the loan growth during the quarter. Douglas L. Kennedy, President and CEO, said, “Our fourth quarter and full year results reflected continued solid growth in our wealth management business and commercial banking, including both corporate advisory and SBA activities. Increases in these areas year-over-year more than made up for the $7.4 million of PPP gains that the Company had recorded in 2020. As we look into the new year our pipelines for wealth management and commercial banking continue to be robust and we remain quite constructive toward 2022.” During the fourth quarter of 2021 the Company repurchased 274,929 shares under its stock repurchase program at an average price of $33.50 for a total cost of $9.21 million. For the full year of 2021, the Company repurchased 894,744 shares at an average price of $31.99 for a total cost of $28.63 million. On January 27, 2022, the Company authorized a new 5% stock repurchase program of up to 920,000 shares. Purchases will be conducted in accordance with the limitations set forth in the SEC’s Rule 10b-18. Mr. Kennedy noted, “We believe that repurchasing our stock continues to be a great opportunity to take advantage of the Company’s discounted valuation relative to peers.” **EXECUTIVE SUMMARY:** The following tables summarize specified financial measures for the periods shown. **2021 Year Compared to Prior Year** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Year Ended & & & Year Ended & & & & & & & & & & \\ \hline & & December 31, & & & December 31, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2020 & & & & (Decrease) & \\ \hline Net interest income & & $ & 138.06 & & & $ & 127.60 & & & & $ & 10.46 & & & & 8 & % \\ \hline Wealth management fee income (A) & & & 52.99 & & & & 40.86 & & & & & 12.13 & & & & 30 & \\ \hline Capital markets activity (B) & & & 10.62 & & & & 6.65 & & & & & 3.97 & & & & 60 & \\ \hline Other income (C) & & & 8.64 & & & & 14.25 & & & & & (5.61 & ) & & & (39 & ) \\ \hline Total other income & & & 72.25 & & & & 61.76 & & & & & 10.49 & & & & 17 & \\ \hline Operating expenses (A) (D) & & & 126.17 & & & & 124.96 & & & & & 1.21 & & & & 1 & \\ \hline Pretax income before provision for loan losses & & & 84.14 & & & & 64.40 & & & & & 19.74 & & & & 31 & \\ \hline Provision for loan and lease losses (E) & & & 6.48 & & & & 32.40 & & & & & (25.92 & ) & & & (80 & ) \\ \hline Pretax income & & & 77.66 & & & & 32.00 & & & & & 45.66 & & & & 143 & \\ \hline Income tax expense (F) & & & 21.04 & & & & 5.81 & & & & & 15.23 & & & & 262 & \\ \hline Net income & & $ & 56.62 & & & $ & 26.19 & & & & $ & 30.43 & & & & 116 & % \\ \hline Diluted EPS & & $ & 2.93 & & & $ & 1.37 & & & & $ & 1.56 & & & & 114 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (G) & & $ & 210.31 & & & $ & 189.36 & & & & $ & 20.95 & & & & 11 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 0.94 & % & & & 0.45 & % & & & & 0.49 & & & & & \\ \hline Return on average equity & & & 10.56 & % & & & 5.11 & % & & & & 5.45 & & & & & \\ \hline \end{table} (A) The 2021 results included twelve months of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas Capital Management (“Lucas”) and Noyes Capital Management (“Noyes”) and six months of wealth management fee income and expense related to the July 2021 acquisition of Princeton Portfolio Strategies Group. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities and mortgage banking activities. The 2021 results included $3.5 million of corporate advisory fee income. There were no fees related to loan level back-to-back swap activities in the twelve months ended December 31, 2021, compared to $1.6 million for 2020. (C) The 2021 results included a cost of $842,000 related to the termination of interest rate swaps; a $1.1 million gain on loans held at lower of cost or fair value; $722,000 of fee income related to the referral of PPP loans to a third party; and $455,000 of additional BOLI income related to receipt of life insurance proceeds. The 2020 results included a $7.4 million gain on the sale of PPP loans. (D) The 2021 results included $1.5 million of severance expense related to certain corporate restructurings within several areas of the Bank; $648,000 of expense related to the redemption of subordinated debt; and $2.2 million related to a swap valuation allowance. The 2020 results included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, $210,000 for the consolidation of two private banking locations, and $278,000 for the closure of a retail branch. (E) The 2020 results included a provision for loan and lease losses of $32.4 million, primarily due to the COVID-19 pandemic. (F) The 2020 results included a $3.2 million tax benefit related to the carryback of tax NOLs. (G) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Prior Year Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & & Three Months Ended & & & & & & & & & \\ \hline & & December 31, & & & & December 31, & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & & 2020 & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & & $ & 31.74 & & & $ & 5.47 & & & & 17 & % \\ \hline Wealth management fee income (A) & & & 13.96 & & & & & 10.79 & & & & 3.17 & & & & 29 & \\ \hline Capital markets activity (B) & & & 3.52 & & & & & 1.89 & & & & 1.63 & & & & 86 & \\ \hline Other income (C) & & & 1.48 & & & & & 1.72 & & & & (0.24 & ) & & & (14 & ) \\ \hline Total other income & & & 18.96 & & & & & 14.40 & & & & 4.56 & & & & 32 & \\ \hline Operating expenses (A) (D) & & & 31.70 & & & & & 39.25 & & & & (7.55 & ) & & & (19 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & & 6.89 & & & & 17.58 & & & & 255 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & & 2.35 & & & & 1.40 & & & & 60 & \\ \hline Pretax income & & & 20.72 & & & & & 4.54 & & & & 16.18 & & & & 356 & \\ \hline Income tax expense & & & 5.86 & & & & & 1.51 & & & & 4.35 & & & & 288 & \\ \hline Net income & & $ & 14.86 & & & & $ & 3.03 & & & $ & 11.83 & & & & 390 & % \\ \hline Diluted EPS & & $ & 0.78 & & & & $ & 0.16 & & & $ & 0.62 & & & & 387 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (E) & & $ & 56.17 & & & & $ & 46.14 & & & $ & 10.03 & & & & 22 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & & 0.21 & % & & & 0.75 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & & 2.32 & % & & & 8.62 & & & & & \\ \hline \end{table} (A) The December 2021 quarter included a full quarter of wealth management fee income and expense related to the December 2020 hires of the teams from Lucas and Noyes and the July 2021 acquisition of PPSG. (B) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory activities, and mortgage banking activities. The December 2021 quarter included $2.2 million of corporate advisory fee income, the majority of which related to a large investment banking advisory event. (C) The December 31, 2021 quarter included a $265,000 loss on the sale of loans. (D) The December 2021 quarter included $893,000 related to a swap valuation allowance. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for the valuation allowance for a loan held for sale, and $210,000 for the consolidation of two private banking locations (E) Total revenue equals the sum of net interest income plus total other income. **December 2021 Quarter Compared to Linked Quarter** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & & & & & & & & \\ \hline & & December 31, & & & September 30, & & & & Increase/ & \\ \hline (Dollars in millions, except per share data) & & 2021 & & & 2021 & & & & (Decrease) & \\ \hline Net interest income & & $ & 37.21 & & & $ & 35.21 & & & & $ & 2.00 & & & & 6 & % \\ \hline Wealth management fee income & & & 13.96 & & & & 13.86 & & & & & 0.10 & & & & 1 & \\ \hline Capital markets activity (A) & & & 3.52 & & & & 2.06 & & & & & 1.46 & & & & 71 & \\ \hline Other income (B) & & & 1.48 & & & & 1.86 & & & & & (0.38 & ) & & & (20 & ) \\ \hline Total other income & & & 18.96 & & & & 17.78 & & & & & 1.18 & & & & 7 & \\ \hline Operating expenses (C) & & & 31.70 & & & & 32.18 & & & & & (0.48 & ) & & & (1 & ) \\ \hline Pretax income before provision for loan losses & & & 24.47 & & & & 20.81 & & & & & 3.66 & & & & 18 & \\ \hline Provision for loan and lease losses & & & 3.75 & & & & 1.60 & & & & & 2.15 & & & & 134 & \\ \hline Pretax income & & & 20.72 & & & & 19.21 & & & & & 1.51 & & & & 8 & \\ \hline Income tax expense & & & 5.86 & & & & 5.04 & & & & & 0.82 & & & & 16 & \\ \hline Net income & & $ & 14.86 & & & $ & 14.17 & & & & $ & 0.69 & & & & 5 & % \\ \hline Diluted EPS & & $ & 0.78 & & & $ & 0.74 & & & & $ & 0.04 & & & & 5 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Total Revenue (D) & & $ & 56.17 & & & $ & 52.99 & & & & $ & 3.18 & & & & 6 & % \\ \hline & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized & & & 0.96 & % & & & 0.95 & % & & & & 0.01 & & & & & \\ \hline Return on average equity annualized & & & 10.94 & % & & & 10.40 & % & & & & 0.54 & & & & & \\ \hline \end{table} (A) Capital markets activity included fee income from loan level back-to-back swaps, the SBA lending and sale program, corporate advisory and mortgage banking activities. (B) The December 31, 2021 quarter included a $265,000 loss on sale of loans. (C) The December 2021 quarter included $893,000 related to a swap valuation allowance. The September 2021 quarter included $1.4 million related to a swap valuation allowance. (D) Total revenue equals the sum of net interest income plus total other income. **Select highlights:** **Peapack Private Wealth Management:** - AUM/AUA in our Peapack Private Wealth Management Division grew 8% (31% annualized) to $11.1 billion at December 31, 2021 from $10.3 billion at September 30, 2021, and 26% over the $8.8 billion at December 31, 2020. - Gross new business inflows for 2021 totaled $840 million. - Wealth Management fee income increased 30% to $14.0 million for Q4 2021 compared to $10.8 million for Q4 2020. - On July 1, 2021, we closed on the acquisition of Princeton Portfolio Strategies Group (“PPSG”). **Commercial Banking and Balance Sheet Management:** - At December 31, 2021, total loans (excluding $14 million of PPP loans) grew 15% to $4.83 billion compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020. - C&I loan/lease balances (excluding PPP loans) grew $216 million or 12% over 2020, with a large portion of that net growth occurring in Q4 2021. - SBA Income ($4.9 million) and Corporate Advisory fees ($3.5 million) totaled $8.4 million in 2021. - Core deposits (which includes noninterest-bearing demand and interest-bearing demand, savings and money market) totaled 89% of total deposits at December 31, 2021, with an average cost of 0.17%. - The net interest margin improved by 4 basis points in Q4 2021 compared to Q3 2021 and improved 21 basis points when compared to Q4 2020. **Capital Management:** - Continued to execute on the previously approved stock repurchase program – during Q4 repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. (For the year ended December 31, 2021, the Company repurchased 894,744 shares). - Tangible book value per share increased 6.2% to $27.05 at December 31, 2021 from $25.47 at December 31, 2020, despite recent stock repurchase activity and a wealth acquisition. See the Non-GAAP financial measures reconciliation included in this release. **SUPPLEMENTAL QUARTERLY DETAILS****:** **Wealth Management** In the December 2021 quarter, the Bank’s wealth management business generated a record $13.96 million in fee income, compared to $13.86 million for the September 30, 2021 quarter and $10.79 million for the December 2020 quarter. The market value of the Company’s AUM/AUA increased 26% to $11.1 billion at December 31, 2021 from $8.8 billion at December 31, 2020, due to organic new business, the PPSG acquisition, and favorable market conditions. John P. Babcock, President of the Peapack Private Wealth Management division, said, “2021 showed continued strong business from new clients as well as additional business from existing clients. Positive net flows, combined with solid client retention and favorable market conditions, all contributed to our strong quarterly and full year results.” Mr. Babcock went on to note, “While we will continue to look at supplementing our organic growth with selective acquisitions, M&A activity in the RIA space is hyper-competitive with purchase price multiples reaching all-time highs – making it challenging for us to obtain acceptable returns on invested capital. Internally, we are focused on completing our One Team consolidation of the businesses and people we have acquired over the last several years under a single operating and technology framework, completing our migration to a single trading platform and re-organizing our wealth business under a new, streamlined organizational structure to ensure the highest level of client experience, maximum efficiency, and growth.” **Loans / Commercial Banking** At December 31, 2021, loans totaled $4.83 billion (excluding $14 million of PPP loans), compared to $4.21 billion (excluding $196 million of PPP loans) at December 31, 2020, reflecting growth of 15%. This growth was achieved despite over $900 million of net paydown/payoff activity over the twelve-month period. Total C&I loans and leases (including the $14 million of PPP loans) at December 31, 2021 were $2.01 billion or 41% of the total loan portfolio. Mr. Kennedy noted, “Our commercial loan pipelines continue to be strong going into the new year, standing at approximately $350 million with the likelihood of a first quarter closing. Notwithstanding significant payoff activity, we believe that we will achieve high single digit loan growth for 2022.” Mr. Kennedy also noted, “We are proud to have built a leading middle market commercial banking franchise, as evidenced by over $200 million of net growth in our C&I Portfolio, continued growth in Treasury Management income, and our over $3 million of corporate advisory fees by our investment banking group – this team had record earnings in 2021 and continues to have a robust pipeline of new business opportunities.” **Funding / Liquidity / Interest Rate Risk Management** The Company actively manages its deposit base to reduce reliance on wholesale sourced deposits, volatility, and/or operational risk. Total deposits at December 31, 2021 increased $448 million to $5.27 billion from $4.82 billion at December 31, 2020. Along with the deposit growth, the change in mix was favorable, as noninterest bearing demand deposits increased $123 million, interest-bearing demand increased $439 million, while higher costing CDs declined $121 million and brokered deposits declined $25 million, when comparing December 31, 2021 to December 31, 2020. Mr. Kennedy noted, “89% of our deposits are demand, savings, or money market accounts, and our noninterest bearing deposits comprise 18% of our total deposits; both metrics reflect the relationship aspect of our deposit base.” At December 31, 2021, the Company’s balance sheet liquidity (investments available for sale, interest-earning deposits and cash) totaled $971.2 million (or 16% of assets). This level is lower than the level at September 30, 2021 due to an increase in loan activity during Q4 2021 and more in line with historical levels. The Company maintains backup liquidity of approximately $1.8 billion of secured funding with the Federal Home Loan Bank and $1.2 billion of secured funding from the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company’s loan and investment portfolios. Mr. Kennedy noted, “We are well positioned for a rise in interest rates given that 40% of our loan portfolio reprices within three months and 52% within one year. Our current modeling, with what we believe include conservative deposit beta assumptions, indicates net interest income will improve approximately 3% in year one and 5% in year two after a 100 basis point rate shock.” **Net Interest Income (NII)/Net Interest Margin (NIM)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Twelve Months Ended & & & Twelve Months Ended & & & & & & & & & \\ \hline & December 31, 2021 & & & December 31, 2020 & & & & & & & & & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 134,206 & & & 2.50% & & & $ & 123,099 & & & 2.58% & & & & & & & & & \\ \hline Prepayment premiums received on loan paydowns & & 2,085 & & & 0.04% & & & & 1,452 & & & 0.02% & & & & & & & & & \\ \hline Effect of maintaining excess interest earning cash & & (420 & ) & & -0.17% & & & & (1,320 & ) & & -0.21% & & & & & & & & & \\ \hline Effect of PPP loans & & 2,190 & & & 0.01% & & & & 4,371 & & & -0.08% & & & & & & & & & \\ \hline NII/NIM as reported & $ & 138,061 & & & 2.38% & & & $ & 127,602 & & & 2.31% & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & December 31, 2021 & & & September 30, 2021 & & & December 31, 2020 & \\ \hline & NII & & & NIM & & & NII & & & NIM & & & NII & & & NIM & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & \\ \hline NII/NIM excluding the below & $ & 36,564 & & & 2.60% & & & $ & 34,635 & & & 2.56% & & & $ & 30,897 & & & 2.51% & \\ \hline Prepayment premiums received on loan paydowns & & 555 & & & 0.04% & & & & 325 & & & 0.02% & & & & 413 & & & 0.02% & \\ \hline Effect of maintaining excess interest earning cash & & (68 & ) & & -0.18% & & & & (46 & ) & & -0.14% & & & & (206 & ) & & -0.24% & \\ \hline Effect of PPP loans & & 161 & & & 0.00% & & & & 297 & & & -0.02% & & & & 631 & & & -0.04% & \\ \hline NII/NIM as reported & $ & 37,212 & & & 2.46% & & & $ & 35,211 & & & 2.42% & & & $ & 31,735 & & & 2.25% & \\ \hline \end{table} As shown above, the Company’s reported NII increased $2.0 million and NIM increased 4 basis points compared to the linked quarter. The Bank further lowered its cost of funds strategically and grew its average loan portfolio at rates/spreads beneficial to NIM. Future net interest income and net interest margin should benefit from the following: - Robust loan pipelines to generate loan growth. - Continued downward repricing of maturing CDs. - An increase in target Fed funds (should that occur). **Income from Capital Markets Activities** Noninterest income from Capital Markets activities (detailed below) totaled $3.52 million for the December 2021 quarter compared to $2.06 million for the September 2021 quarter and $1.90 million for the December 2020 quarter. The December 2021 quarterly results were driven by $2.18 million in Corporate Advisory income. The September 2021 quarter results were driven by $1.57 million in gains on sale of SBA loans. The December 2020 quarter reflected increased mortgage banking activity due to greater refinance activity in the low-rate environment. The December 2021, September 2021 and December 2020 quarters included no income from loan level, back-to-back swap activities, as there has been, and will continue to be, minimal activity for such in the current environment. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & & Three Months Ended & & & Three Months Ended & \\ \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline (Dollars in thousands, except per share data) & & 2021 & & & 2021 & & & 2020 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) & & $ & 352 & & & $ & 408 & & & $ & 1,470 & \\ \hline Fee income related to loan level, back-to-back swaps & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans & & & 989 & & & & 1,569 & & & & 375 & \\ \hline Corporate advisory fee income & & & 2,180 & & & & 84 & & & & 50 & \\ \hline Total capital markets activity & & $ & 3,521 & & & $ & 2,061 & & & $ & 1,895 & \\ \hline \end{table} **Other Noninterest Income (other than Wealth Management fee income and Income from Capital Markets Activities)** Other noninterest income (as defined above) totaled $1.48 million, $1.86 million, and $1.72 million, for the December 2021, September 2021, and December 2020 quarters, respectively. The December 2021 quarter included $265,000 net loss on loans held for sale. **Operating Expenses** The Company’s total operating expenses were $31.70 million for the quarter ended December 31, 2021, compared to $32.18 million for the September 2021 quarter and $39.25 million for the December 2020 quarter. The December 2021 and September 2021 quarters included $893,000 and $1.35 million related to a swap valuation allowance, respectively. The December and September 2021 quarters also included a full quarter’s worth of expense related to the teams hired from Lucas and Noyes and the acquisition of PPSG. The December 2020 quarter included $4.8 million for the prepayment of FHLB advances, $4.4 million for a valuation allowance on a loan held for sale and $210,000 related to the consolidation of two private banking offices. Mr. Kennedy noted, “While we continue to manage expenses closely and prudently, we will invest in our existing people as the market demands in order to retain the talent we have acquired, grow and expand our core wealth management and commercial banking businesses, including lift-outs, strategic hires, and wealth M&A, and invest in digital enhancements to further enhance the client experience.” **Income Taxes** The effective tax rate for the three months ended December 31, 2021 was 28.31%, as compared to 26.22% for the September 2021 quarter and 33.29% for the quarter ended December 31, 2020. A tax return to book adjustment recorded in the December 2020 quarter coupled with reduced pretax income in the quarter, increased the December 2020 effective tax rate by approximately 5%. The effective annual tax rate for 2021 was 27.09% compared to 18.16% for 2020. During the first quarter of 2020, the Company recorded a $3.34 million tax benefit, principally due to a $3.2 million federal income tax benefit that resulted from a tax NOL carryback. The Company had a $23 million operating loss for tax purposes in 2018 (when the federal tax rate was 21%) resulting from accelerated tax depreciation. Under the CARES Act, the Company was allowed to carry this NOL back to a period when the federal tax rate was 35%, generating a permanent tax benefit. **Asset Quality / Provision for Loan and Lease Losses** Nonperforming assets (which does not include troubled debt restructured loans that are performing in accordance with their terms) at December 31, 2021 were $15.6 million, or 0.26% of total assets, compared to $25.9 million, or 0.42% of total assets, at September 30, 2021. The $10.3 million decline was largely due to a $2 million C&I loan moved back to accrual status, and a $7 million charge-off of the specific reserve on the commercial real estate loan with a large retail component located in Manhattan, and on deferral, that was placed on nonaccrual status in the third quarter of 2021. For the quarter ended December 31, 2021, the Company’s provision for loan and lease losses was $3.8 million compared to $1.6 million for the September 2021 quarter and $2.4 million for the December 2020 quarter. The increased provision for loan and lease losses in the December 2021 quarter, when compared to the linked quarter and the 2020 quarter, was due principally to significant loan growth during the December 2021 quarter and additional specific reserves of $4.2 million on the commercial real estate loan noted above, offset by reduced qualitative loss factors related to the unemployment rate and amount of loan deferrals and other economic qualitative factors due to the COVID-19 pandemic. Loans on deferral, and accruing, entered into during the COVID-19 pandemic have come down significantly from $914 million at June 30, 2020 to $13 million at December 31, 2021. The Company’s provision for loan and lease losses, and its allowance for loan and lease losses (ALLL) also reflect, among other things, the Company’s assessment of asset quality metrics, net charge-offs/recoveries, and the composition of the loan portfolio. At December 31, 2021, the allowance for loan and lease losses was $61.70 million (1.27% of total loans), compared to $65.13 million at September 30, 2021 (1.42% of loans) and $67.31 million at December 31, 2020 (1.53% of total loans). The Company will adopt CECL during the first quarter of 2022 and does not expect a material adjustment upon adoption. **Capital** The Company’s capital position during the December 2021 quarter was benefitted by net income of $14.86 million, which was offset by the purchase of shares through the Company’s stock repurchase program and the quarterly dividend. During the fourth quarter of 2021, the Company repurchased 274,929 shares at an average price of $33.50 for a total cost of $9.2 million. GAAP Capital at December 31, 2021 was also impacted by an increase in the unrealized loss on available-for-sale securities in the fourth quarter of 2021, due to a rise in medium-term Treasury yields. The Company’s and Bank’s capital ratios at December 31, 2021 all remain strong. Such ratios remain well above regulatory well capitalized standards. As previously announced, in the fourth quarter of 2020, the Company successfully completed a private placement of $100 million in fixed-to floating rate subordinated notes due 2030 at a rate of 3.5%. Such funds benefitted the Company’s Regulatory Tier 2 Capital. At the time, the Company noted the proceeds raised would be used for general corporate purposes, which could include stock repurchases, the redemption of the Company’s then existing 6% subordinated debt and acquisitions of wealth management firms. Throughout the twelve months of 2021, the Company repurchased $29 million of stock. On June 30, 2021, the Company redeemed its 6% subordinated debt. On July 1, 2021, the Company closed on the acquisition of PPSG. The Company employs quarterly capital stress testing – adverse case and severely adverse case. In the most recent completed stress test on September 30, 2021, under severely adverse case, and no growth scenarios, the Bank remains well capitalized over a two-year stress period. With a Pandemic stress overlay, the Bank still remains well capitalized over the two-year stress period. On January 27, 2022, the Company declared a cash dividend of $0.05 per share payable on February 25, 2022, to shareholders of record on February 10, 2022. **ABOUT THE COMPANY** Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.1 billion and assets under management/administration of $11.1 billion as of December 31, 2021. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers. Peapack Private, the bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately-held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service. Visit [www.pgbank.com](https://www.globenewswire.com/Tracker?data=UwHNV4tlUXv5PcEy7zo_4RpG3f0hf8P05FJomdfv97ti2vgdKOa35-xvCHFB8AmhHbwQ2vYlKo3J_miuAHcZQQ==) and [www.peapackprivate.com](https://www.globenewswire.com/Tracker?data=zhkim_Li_bfKiFsjMCYilzDSNx4HGRKhttDN3EyNcAkoPiX5EaJyl-ql2rX7vvZswkckMEz09upxASTPcZBA6uf3kunNHb18xOMaz7sntyE=) for more information. The foregoing may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to: - our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan; - the impact of anticipated higher operating expenses in 2022 and beyond; - our ability to successfully integrate wealth management firm acquisitions; - our ability to manage our growth; - our ability to successfully integrate our expanded employee base; - an unexpected decline in the economy, in particular in our New Jersey and New York market areas; - declines in our net interest margin caused by the interest rate environment and/or our highly competitive market; - declines in the value in our investment portfolio; - impact from a pandemic event on our business, operations, customers, allowance for loan losses and capital levels; - higher than expected increases in our allowance for loan and lease losses; - higher than expected increases in loan and lease losses or in the level of delinquent, nonperforming, classified and criticized loans; - changes in interest rates; - decline in real estate values within our market areas; - legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs; - successful cyberattacks against our IT infrastructure and that of our IT and third-party providers; - higher than expected FDIC insurance premiums; - adverse weather conditions; - our inability to successfully generate new business in new geographic markets; - a reduction in our lower-cost funding sources; - our inability to adapt to technological changes; - claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; - our inability to retain key employees; - demands for loans and deposits in our market areas; - adverse changes in securities markets; - changes in accounting policies and practices; and - other unexpected material adverse changes in our operations or earnings. Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 pandemic on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: - demand for our products and services may decline, making it difficult to grow assets and income; - if the economy worsens, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; - collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; - our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; - the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; - a material decrease in net income or a net loss over several quarters could result in an elimination or a decrease in the rate of our quarterly cash dividend; - our wealth management revenues may decline with continuing market turmoil; - a worsening of business and economic conditions or in the financial markets could result in an impairment of certain intangible assets, such as goodwill; - the unanticipated loss or unavailability of key employees due to the outbreak, which could harm our ability to operate our business or execute our business strategy, especially as we may not be successful in finding and integrating suitable successors; - we may face litigation, regulatory enforcement and reputation risk as a result of our participation in the PPP and the risk that the SBA may not fund some or all PPP loan guaranties; - our cyber security risks are increased as the result of an increase in the number of employees working remotely; and - FDIC premiums may increase if the agency experience additional resolution costs. A discussion of these and other factors that could affect our results is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2020. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. **Contact:** Jeffrey J. Carfora, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-719-4308 **(Tables to follow)** **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 42,075 & & & $ & 40,067 & & & $ & 39,686 & & & $ & 38,239 & & & $ & 38,532 & \\ \hline Interest expense & & & 4,863 & & & & 4,856 & & & & 5,841 & & & & 6,446 & & & & 6,797 & \\ \hline Net interest income & & & 37,212 & & & & 35,211 & & & & 33,845 & & & & 31,793 & & & & 31,735 & \\ \hline Wealth management fee income & & & 13,962 & & & & 13,860 & & & & 13,034 & & & & 12,131 & & & & 10,791 & \\ \hline Service charges and fees & & & 996 & & & & 959 & & & & 896 & & & & 846 & & & & 859 & \\ \hline Bank owned life insurance & & & 308 & & & & 311 & & & & 466 & & & & 611 & & & & 313 & \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 352 & & & & 408 & & & & 409 & & & & 1,025 & & & & 1,470 & \\ \hline (Loss)/Gain on loans held for sale at lower of cost or fair value (B) & & & (265 & ) & & & — & & & & 1,125 & & & & 282 & & & & — & \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Gain on sale of SBA loans (A) & & & 989 & & & & 1,569 & & & & 932 & & & & 1,449 & & & & 375 & \\ \hline Corporate advisory fee income (A) & & & 2,180 & & & & 84 & & & & 121 & & & & 1,098 & & & & 50 & \\ \hline Loss on swap termination & & & — & & & & — & & & & (842 & ) & & & — & & & & — & \\ \hline Other income (C) & & & 581 & & & & 660 & & & & 1,495 & & & & 643 & & & & 590 & \\ \hline Securities (losses)/gains, net & & & (139 & ) & & & (70 & ) & & & 42 & & & & (265 & ) & & & (42 & ) \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Salaries and employee benefits (D) & & & 20,105 & & & & 19,859 & & & & 19,910 & & & & 21,990 & & & & 19,902 & \\ \hline Premises and equipment & & & 4,519 & & & & 4,459 & & & & 4,074 & & & & 4,113 & & & & 4,189 & \\ \hline FDIC insurance expense & & & 402 & & & & 555 & & & & 529 & & & & 585 & & & & 665 & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Other expenses & & & 5,785 & & & & 5,962 & & & & 6,171 & & & & 4,906 & & & & 5,284 & \\ \hline Total operating expenses & & & 31,704 & & & & 32,185 & & & & 30,684 & & & & 31,594 & & & & 39,249 & \\ \hline Pretax income before provision for loan losses & & & 24,472 & & & & 20,807 & & & & 20,839 & & & & 18,019 & & & & 6,892 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline Income before income taxes & & & 20,722 & & & & 19,207 & & & & 19,939 & & & & 17,794 & & & & 4,542 & \\ \hline Income tax expense & & & 5,867 & & & & 5,036 & & & & 5,521 & & & & 4,616 & & & & 1,512 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Total revenue (E) & & $ & 56,176 & & & $ & 52,992 & & & $ & 51,523 & & & $ & 49,613 & & & $ & 46,141 & \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 0.80 & & & $ & 0.76 & & & $ & 0.76 & & & $ & 0.70 & & & $ & 0.16 & \\ \hline Earnings per share (diluted) & & & 0.78 & & & & 0.74 & & & & 0.74 & & & & 0.67 & & & & 0.16 & \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,483,268 & & & & 18,763,316 & & & & 18,963,237 & & & & 18,950,305 & & & & 18,947,864 & \\ \hline Diluted & & & 19,070,594 & & & & 19,273,831 & & & & 19,439,439 & & & & 19,531,689 & & & & 19,334,569 & \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average assets annualized (ROAA) & & & 0.96 & % & & & 0.95 & % & & & 0.97 & % & & & 0.89 & % & & & 0.21 & % \\ \hline Return on average equity annualized (ROAE) & & & 10.94 & % & & & 10.40 & % & & & 10.86 & % & & & 10.03 & % & & & 2.32 & % \\ \hline Return on average tangible common equity (ROATCE) (F) & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.46 & % & & & 2.42 & % & & & 2.38 & % & & & 2.28 & % & & & 2.25 & % \\ \hline GAAP efficiency ratio (G) & & & 56.44 & % & & & 60.74 & % & & & 59.55 & % & & & 63.68 & % & & & 85.06 & % \\ \hline Operating expenses / average assets annualized & & & 2.05 & % & & & 2.16 & % & & & 2.06 & % & & & 2.14 & % & & & 2.66 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes a $1.1 million gain on sale of $57 million of PPP loans completed in the June 2021 quarter. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the June 2021 quarter. (D) The March 2021 quarter included $1.5 million of severance expense related to corporate restructuring. (E) Total revenue equals the sum of net interest income plus total other income. (F) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income. See Non-GAAP financial measures reconciliation included in these tables. (G) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **P****EAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED CONSOLIDATED FINANCIAL DATA****(Dollars in Thousands, except share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & & & & & & & & & \\ \hline & & December 31, & & & Change & \\ \hline & & 2021 & & & 2020 & & & $ & & & % & \\ \hline Income Statement Data: & & & & & & & & & & & & & & & & \\ \hline Interest income & & $ & 160,067 & & & $ & 165,750 & & & $ & (5,683 & ) & & & -3 & % \\ \hline Interest expense & & & 22,006 & & & & 38,148 & & & & (16,142 & ) & & & -42 & % \\ \hline Net interest income & & & 138,061 & & & & 127,602 & & & & 10,459 & & & & 8 & % \\ \hline Wealth management fee income & & & 52,987 & & & & 40,861 & & & & 12,126 & & & & 30 & % \\ \hline Service charges and fees & & & 3,697 & & & & 3,155 & & & & 542 & & & & 17 & % \\ \hline Bank owned life insurance & & & 1,696 & & & & 1,273 & & & & 423 & & & & 33 & % \\ \hline Gain on loans held for sale at fair value (Mortgage banking) (A) & & & 2,194 & & & & 3,266 & & & & (1,072 & ) & & & -33 & % \\ \hline Gain on loans held for sale at lower of cost or fair value (B) & & & 1,142 & & & & 7,426 & & & & (6,284 & ) & & & -85 & % \\ \hline Fee income related to loan level, back-to-back swaps (A) & & & — & & & & 1,620 & & & & (1,620 & ) & & & -100 & % \\ \hline Gain on sale of SBA loans (A) & & & 4,939 & & & & 1,766 & & & & 3,173 & & & & 180 & % \\ \hline Corporate advisory fee income (A) & & & 3,483 & & & & 265 & & & & 3,218 & & & & 1214 & % \\ \hline Loss on swap termination & & & (842 & ) & & & — & & & & (842 & ) & & N/A & \\ \hline Other income (C) & & & 3,379 & & & & 1,847 & & & & 1,532 & & & & 83 & % \\ \hline Securities (losses)/gains, net & & & (432 & ) & & & 281 & & & & (713 & ) & & & -254 & % \\ \hline Total other income & & & 72,243 & & & & 61,760 & & & & 10,483 & & & & 17 & % \\ \hline Salaries and employee benefits (D) & & & 81,864 & & & & 77,516 & & & & 4,348 & & & & 6 & % \\ \hline Premises and equipment & & & 17,165 & & & & 16,377 & & & & 788 & & & & 5 & % \\ \hline FDIC insurance expense & & & 2,071 & & & & 1,975 & & & & 96 & & & & 5 & % \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & & & & (4,784 & ) & & & -100 & % \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & & & & (4,425 & ) & & & -100 & % \\ \hline Swap valuation allowance & & & 2,243 & & & & — & & & & 2,243 & & & N/A & \\ \hline Other expenses & & & 22,824 & & & & 19,882 & & & & 2,942 & & & & 15 & % \\ \hline Total operating expenses & & & 126,167 & & & & 124,959 & & & & 1,208 & & & & 1 & % \\ \hline Pretax income before provision for loan losses & & & 84,137 & & & & 64,403 & & & & 19,734 & & & & 31 & % \\ \hline Provision for loan and lease losses (E) & & & 6,475 & & & & 32,400 & & & & (25,925 & ) & & & -80 & % \\ \hline Income before income taxes & & & 77,662 & & & & 32,003 & & & & 45,659 & & & & 143 & % \\ \hline Income tax expense (F) & & & 21,040 & & & & 5,811 & & & & 15,229 & & & & 262 & % \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & & & $ & 30,430 & & & & 116 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Total revenue (G) & & $ & 210,304 & & & $ & 189,362 & & & $ & 20,942 & & & & 11 & % \\ \hline Per Common Share Data: & & & & & & & & & & & & & & & & \\ \hline Earnings per share (basic) & & $ & 3.01 & & & $ & 1.39 & & & $ & 1.62 & & & & 117 & % \\ \hline Earnings per share (diluted) & & & 2.93 & & & & 1.37 & & & & 1.56 & & & & 114 & % \\ \hline Weighted average number of common shares outstanding: & & & & & & & & & & & & & & & & \\ \hline Basic & & & 18,788,679 & & & & 18,896,825 & & & & (108,146 & ) & & & -1 & % \\ \hline Diluted & & & 19,292,602 & & & & 19,081,187 & & & & 211,415 & & & & 1 & % \\ \hline Performance Ratios: & & & & & & & & & & & & & & & & \\ \hline Return on average assets (ROAA) & & & 0.94 & % & & & 0.45 & % & & & 0.49 & % & & & 110 & % \\ \hline Return on average equity (ROAE) & & & 10.56 & % & & & 5.11 & % & & & 5.45 & % & & & 107 & % \\ \hline Return on average tangible common equity (ROATCE) (H) & & & 11.56 & % & & & 5.55 & % & & & 6.01 & % & & & 108 & % \\ \hline Net interest margin (tax-equivalent basis) & & & 2.38 & % & & & 2.31 & % & & & 0.07 & % & & & 3 & % \\ \hline GAAP efficiency ratio (I) & & & 59.99 & % & & & 65.99 & % & & & (6.00 & )% & & & -9 & % \\ \hline Operating expenses / average assets & & & 2.10 & % & & & 2.16 & % & & & (0.06 & )% & & & -3 & % \\ \hline \end{table} (A) Gain on loans held for sale at fair value (mortgage banking), fee income related to loan level, back-to-back swaps, gain on sale of SBA loans and corporate advisory fee income are all included in “capital markets activity” as referred to within the earnings release. (B) Includes $1.1 million (2021) and $7.4 million (2020) of gains on sale of PPP loans of $57 million and $355 million completed in the twelve months ended December 31, 2021 and 2020, respectively. (C) Includes income of $722,000 from the referral of PPP loans to a third-party firm during the twelve months ended December 31, 2021. (D) 2021 included $1.5 million of severance expense related to corporate restructuring. (E) 2020 included a higher provision for loan and lease losses primarily due to the COVID-19 pandemic. (F) 2020 included a $3.2 million tax benefit related to the carryback of tax NOLs to prior years when the federal tax rate was 14% higher. (G) Total revenue equals the sum of net interest income plus total other income. (H) Return on average tangible common equity is calculated by dividing tangible common equity by net income. See Non-GAAP financial measures reconciliation included in these tables. (I) Calculated as total operating expenses as a percentage of total revenue. For Non-GAAP efficiency ratio, see the Non-GAAP financial measures reconciliation included in these tables. **PEAPACK-GLADSTONE FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF CONDITION****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline ASSETS & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & $ & 5,929 & & & $ & 9,299 & & & $ & 12,684 & & & $ & 8,159 & & & $ & 10,629 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & 102 & \\ \hline Interest-earning deposits & & & 140,875 & & & & 606,913 & & & & 190,778 & & & & 468,276 & & & & 642,591 & \\ \hline Total cash and cash equivalents & & & 146,804 & & & & 616,212 & & & & 203,462 & & & & 476,537 & & & & 653,322 & \\ \hline Securities held to maturity & & & 108,680 & & & & — & & & & — & & & & — & & & & — & \\ \hline Securities available for sale & & & 796,753 & & & & 843,779 & & & & 823,820 & & & & 875,301 & & & & 622,689 & \\ \hline Equity security & & & 14,685 & & & & 14,824 & & & & 14,894 & & & & 14,852 & & & & 15,117 & \\ \hline FHLB and FRB stock, at cost & & & 12,950 & & & & 12,950 & & & & 12,901 & & & & 13,699 & & & & 13,709 & \\ \hline Residential mortgage & & & 501,340 & & & & 510,878 & & & & 504,181 & & & & 498,884 & & & & 520,188 & \\ \hline Multifamily mortgage & & & 1,595,866 & & & & 1,497,683 & & & & 1,420,043 & & & & 1,178,940 & & & & 1,127,198 & \\ \hline Commercial mortgage & & & 662,626 & & & & 680,107 & & & & 702,777 & & & & 697,599 & & & & 694,034 & \\ \hline Commercial loans (A) & & & 2,009,252 & & & & 1,833,532 & & & & 1,880,830 & & & & 1,982,570 & & & & 1,975,337 & \\ \hline Consumer loans & & & 33,687 & & & & 30,689 & & & & 31,889 & & & & 36,519 & & & & 37,016 & \\ \hline Home equity lines of credit & & & 40,803 & & & & 42,512 & & & & 44,062 & & & & 45,624 & & & & 50,547 & \\ \hline Other loans & & & 238 & & & & 245 & & & & 204 & & & & 199 & & & & 225 & \\ \hline Total loans & & & 4,843,812 & & & & 4,595,646 & & & & 4,583,986 & & & & 4,440,335 & & & & 4,404,545 & \\ \hline Less: Allowances for loan and lease losses & & & 61,697 & & & & 65,133 & & & & 63,505 & & & & 67,536 & & & & 67,309 & \\ \hline Net loans & & & 4,782,115 & & & & 4,530,513 & & & & 4,520,481 & & & & 4,372,799 & & & & 4,337,236 & \\ \hline Premises and equipment & & & 23,044 & & & & 23,123 & & & & 23,261 & & & & 23,260 & & & & 21,609 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Accrued interest receivable & & & 21,589 & & & & 22,790 & & & & 23,117 & & & & 23,916 & & & & 22,495 & \\ \hline Bank owned life insurance & & & 46,663 & & & & 46,510 & & & & 46,605 & & & & 46,448 & & & & 46,809 & \\ \hline Goodwill and other intangible assets & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Finance lease right-of-use assets & & & 3,582 & & & & 3,769 & & & & 3,956 & & & & 4,143 & & & & 4,330 & \\ \hline Operating lease right-of-use assets & & & 9,775 & & & & 10,307 & & & & 9,569 & & & & 10,186 & & & & 9,421 & \\ \hline Other assets (B) & & & 62,451 & & & & 66,175 & & & & 66,466 & & & & 64,912 & & & & 99,764 & \\ \hline TOTAL ASSETS & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES & & & & & & & & & & & & & & & & & & & & \\ \hline Deposits: & & & & & & & & & & & & & & & & & & & & \\ \hline Noninterest-bearing demand deposits & & $ & 956,482 & & & $ & 986,765 & & & $ & 959,494 & & & $ & 908,922 & & & $ & 833,500 & \\ \hline Interest-bearing demand deposits & & & 2,287,894 & & & & 2,355,892 & & & & 1,978,497 & & & & 1,987,567 & & & & 1,849,254 & \\ \hline Savings & & & 154,914 & & & & 168,831 & & & & 147,227 & & & & 141,743 & & & & 130,731 & \\ \hline Money market accounts & & & 1,307,051 & & & & 1,287,686 & & & & 1,213,992 & & & & 1,256,605 & & & & 1,298,885 & \\ \hline Certificates of deposit – Retail & & & 409,608 & & & & 426,981 & & & & 446,143 & & & & 474,668 & & & & 530,222 & \\ \hline Certificates of deposit – Listing Service & & & 31,382 & & & & 31,382 & & & & 31,631 & & & & 31,631 & & & & 32,128 & \\ \hline Subtotal “customer” deposits & & & 5,147,331 & & & & 5,257,537 & & & & 4,776,984 & & & & 4,801,136 & & & & 4,674,720 & \\ \hline IB Demand – Brokered & & & 85,000 & & & & 85,000 & & & & 85,000 & & & & 110,000 & & & & 110,000 & \\ \hline Certificates of deposit – Brokered & & & 33,818 & & & & 33,804 & & & & 33,791 & & & & 33,777 & & & & 33,764 & \\ \hline Total deposits & & & 5,266,149 & & & & 5,376,341 & & & & 4,895,775 & & & & 4,944,913 & & & & 4,818,484 & \\ \hline Short-term borrowings & & & — & & & & — & & & & — & & & & 15,000 & & & & 15,000 & \\ \hline FHLB advances & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Paycheck Protection Program Liquidity Facility (C) & & & — & & & & 48,496 & & & & 83,586 & & & & 168,180 & & & & 177,086 & \\ \hline Finance lease liability & & & 5,820 & & & & 6,063 & & & & 6,299 & & & & 6,528 & & & & 6,753 & \\ \hline Operating lease liability & & & 10,111 & & & & 10,644 & & & & 9,902 & & & & 10,509 & & & & 9,737 & \\ \hline Subordinated debt, net (D) & & & 132,701 & & & & 132,629 & & & & 132,557 & & & & 181,837 & & & & 181,794 & \\ \hline Other liabilities (B) & & & 116,824 & & & & 123,098 & & & & 125,110 & & & & 120,219 & & & & 154,466 & \\ \hline TOTAL LIABILITIES & & & 5,531,605 & & & & 5,697,271 & & & & 5,253,229 & & & & 5,447,186 & & & & 5,363,320 & \\ \hline Shareholders’ equity & & & 546,388 & & & & 543,014 & & & & 538,459 & & & & 522,441 & & & & 527,122 & \\ \hline TOTAL LIABILITIES AND & & & & & & & & & & & & & & & & & & & & \\ \hline SHAREHOLDERS’ EQUITY & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Assets under management and / or administration at Peapack-Gladstone Bank’s Private Wealth Management Division (market value, not included above-dollars in billions) & & $ & 11.1 & & & $ & 10.3 & & & $ & 9.8 & & & $ & 9.4 & & & $ & 8.8 & \\ \hline \end{table} (A) Includes PPP loans of $14 million at December 31, 2021; $49 million at September 30, 2021; $84 million at June 30, 2021; $233 million at March 31, 2021; and $196 million at December 31, 2020. (B) The change in other assets and other liabilities was primarily due to the change in the fair value of our back-to-back swap program. (C) Represents funding provided by the Federal Reserve for pledged PPP loans. (D) The decrease was due to the redemption of a $50 million subordinated debt on June 30, 2021. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & As of & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Asset Quality: & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due over 90 days and still accruing & & $ & — & & & $ & — & & & $ & — & & & $ & — & & & $ & — & \\ \hline Nonaccrual loans (A) & & & 15,573 & & & & 25,925 & & & & 5,962 & & & & 11,767 & & & & 11,410 & \\ \hline Other real estate owned & & & — & & & & — & & & & — & & & & 50 & & & & 50 & \\ \hline Total nonperforming assets & & $ & 15,573 & & & $ & 25,925 & & & $ & 5,962 & & & $ & 11,817 & & & $ & 11,460 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Nonperforming loans to total loans & & & 0.32 & % & & & 0.56 & % & & & 0.13 & % & & & 0.27 & % & & & 0.26 & % \\ \hline Nonperforming assets to total assets & & & 0.26 & % & & & 0.42 & % & & & 0.10 & % & & & 0.20 & % & & & 0.19 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Performing TDRs (B)(C) & & $ & 2,479 & & & $ & 416 & & & $ & 190 & & & $ & 197 & & & $ & 201 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans past due 30 through 89 days and still accruing (D)(E) & & $ & 8,606 & & & $ & 1,193 & & & $ & 1,678 & & & $ & 1,622 & & & $ & 5,053 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Loans subject to special mention & & $ & 116,490 & & & $ & 115,935 & & & $ & 148,601 & & & $ & 166,013 & & & $ & 162,103 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Classified loans & & $ & 50,702 & & & $ & 51,937 & & & $ & 11,178 & & & $ & 25,714 & & & $ & 37,771 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Impaired loans & & $ & 18,052 & & & $ & 26,341 & & & $ & 6,498 & & & $ & 11,964 & & & $ & 16,204 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Allowance for loan and lease losses: & & & & & & & & & & & & & & & & & & & & \\ \hline Beginning of period & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & & & $ & 66,145 & \\ \hline Provision for loan and lease losses & & & 3,750 & & & & 1,600 & & & & 900 & & & & 225 & & & & 2,350 & \\ \hline (Charge-offs)/recoveries, net & & & (7,186 & ) & & & 28 & & & & (4,931 & ) & & & 2 & & & & (1,186 & ) \\ \hline End of period & & $ & 61,697 & & & $ & 65,133 & & & $ & 63,505 & & & $ & 67,536 & & & $ & 67,309 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline ALLL to nonperforming loans & & & 396.18 & % & & & 251.24 & % & & & 1065.16 & % & & & 573.94 & % & & & 589.91 & % \\ \hline ALLL to total loans & & & 1.27 & % & & & 1.42 & % & & & 1.39 & % & & & 1.52 & % & & & 1.53 & % \\ \hline General ALLL to total loans (F) & & & 1.19 & % & & & 1.26 & % & & & 1.38 & % & & & 1.45 & % & & & 1.47 & % \\ \hline \end{table} (A) Increase at September 30, 2021 due to one large CRE loan with a retail component, located in Manhattan. (B) Amounts reflect TDRs that are paying according to restructured terms. (C) Amount excludes $1.1 million at December 31, 2021, $4.0 million at September 30, 2021, $3.9 million at June 30, 2021, $3.9 million at March 31, 2021 and $4.0 million at December 31, 2020 of TDRs included in nonaccrual loans. (D) Includes $6.9 million for one equipment lease principally due to administrative issues with the servicer and at the lessee/borrower at December 31, 2021. Payment was received in January. (E) December 31, 2020 includes $1.3 million of residential loans that are classified as delinquent due to an escrow payment shortage due to a recent change in escrow payment requirement. (F) Total ALLL less specific reserves equals general ALLL. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****SELECTED BALANCE SHEET DATA****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Capital Adequacy & & & & & & & & & & & & & & & & & & \\ \hline Equity to total assets (A) & & & & & 8.99 & % & & & & & 8.70 & % & & & & & 8.95 & % \\ \hline Tangible Equity to tangible assets (B) & & & & & 8.25 & % & & & & & 7.97 & % & & & & & 8.27 & % \\ \hline Book value per share (C) & & & & $ & 29.70 & & & & & $ & 29.15 & & & & & $ & 27.78 & \\ \hline Tangible Book Value per share (D) & & & & $ & 27.05 & & & & & $ & 26.50 & & & & & $ & 25.47 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & & September 30, & & & December 31, & \\ \hline & & 2021 & & & 2021 & & & 2020 & \\ \hline Regulatory Capital – Holding Company & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage & & $ & 508,231 & & & 8.29% & & & $ & 501,188 & & & 8.56% & & & $ & 483,535 & & & 8.53% & \\ \hline Tier I capital to risk-weighted assets & & & 508,231 & & & & 10.62 & & & & 501,188 & & & 10.97 & & & & 483,535 & & & 11.93 & \\ \hline Common equity tier I capital ratio to risk-weighted assets & & & 508,207 & & & & 10.62 & & & & 501,159 & & & 10.97 & & & & 483,500 & & & 11.93 & \\ \hline Tier I & II capital to risk-weighted assets & & & 700,790 & & & & 14.64 & & & & 691,044 & & & 15.12 & & & & 716,210 & & & 17.67 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Regulatory Capital – Bank & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Tier I leverage (E) & & $ & 612,762 & & & 9.99% & & & $ & 594,610 & & & 10.15% & & & $ & 549,575 & & & 9.71% & \\ \hline Tier I capital to risk-weighted assets (F) & & & 612,762 & & & & 12.80 & & & & 594,610 & & & 13.01 & & & & 549,575 & & & 13.55 & \\ \hline Common equity tier I capital ratio to risk-weighted assets (G) & & & 612,738 & & & & 12.80 & & & & 594,581 & & & 13.01 & & & & 549,540 & & & 13.55 & & \\ \hline Tier I & II capital to risk-weighted assets (H) & & & 672,614 & & & & 14.05 & & & & 651,841 & & & 14.26 & & & & 600,478 & & & 14.81 & \\ \hline \end{table} (A) Equity to total assets is calculated as total shareholders’ equity as a percentage of total assets at period end. (B) Tangible equity and tangible assets are calculated by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. Tangible equity as a percentage of tangible assets at period end is calculated by dividing tangible equity by tangible assets at period end. See Non-GAAP financial measures reconciliation included in these tables. (C) Book value per common share is calculated by dividing shareholders’ equity by period end common shares outstanding (D) Tangible book value per share excludes intangible assets. Tangible book value per share is calculated by dividing tangible equity by period end common shares outstanding. See Non-GAAP financial measures reconciliation tables. (E) Regulatory well capitalized standard = 5.00% ($307 million) (F) Regulatory well capitalized standard = 8.00% ($383 million) (G) Regulatory well capitalized standard = 6.50% ($311 million) (H) Regulatory well capitalized standard = 10.00% ($479 million) **PEAPACK-GLADSTONE FINANCIAL CORPORATION****LOANS CLOSED****(Dollars in Thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & For the Quarters Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 22,953 & & & $ & 36,845 & & & $ & 37,083 & & & $ & 15,814 & & & $ & 22,316 & \\ \hline Residential loans sold & & & 20,694 & & & & 24,041 & & & & 25,432 & & & & 45,873 & & & & 64,630 & \\ \hline Total residential loans & & & 43,647 & & & & 60,886 & & & & 62,515 & & & & 61,687 & & & & 86,946 & \\ \hline Commercial real estate & & & 16,134 & & & & 14,944 & & & & 12,243 & & & & 38,363 & & & & — & \\ \hline Multifamily & & & 162,740 & & & & 120,716 & & & & 255,820 & & & & 85,009 & & & & 1,184 & \\ \hline Commercial (C&I) loans (A) (B) & & & 341,886 & & & & 143,121 & & & & 141,285 & & & & 129,141 & & & & 218,235 & \\ \hline SBA (C) & & & 27,630 & & & & 11,570 & & & & 15,976 & & & & 58,730 & & & & 8,355 & \\ \hline Wealth lines of credit (A) & & & 7,500 & & & & 10,020 & & & & 3,200 & & & & 2,475 & & & & 3,925 & \\ \hline Total commercial loans & & & 555,890 & & & & 300,371 & & & & 428,524 & & & & 313,718 & & & & 231,699 & \\ \hline Installment loans & & & 94 & & & & 178 & & & & 25 & & & & 63 & & & & 690 & \\ \hline Home equity lines of credit (A) & & & 5,359 & & & & 2,535 & & & & 4,140 & & & & 1,899 & & & & 2,330 & \\ \hline Total loans closed & & $ & 604,990 & & & $ & 363,970 & & & $ & 495,204 & & & $ & 377,367 & & & $ & 321,665 & \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline & & 2021 & & & 2020 & \\ \hline Residential loans retained & & $ & 112,695 & & & $ & 88,373 & \\ \hline Residential loans sold & & & 116,040 & & & & 175,603 & \\ \hline Total residential loans & & & 228,735 & & & & 263,976 & \\ \hline Commercial real estate & & & 81,684 & & & & 11,219 & \\ \hline Multifamily & & & 624,285 & & & & 76,642 & \\ \hline Commercial (C&I) loans (A) (B) & & & 755,433 & & & & 478,485 & \\ \hline SBA (C) & & & 113,906 & & & & 622,798 & \\ \hline Wealth lines of credit (A) & & & 23,195 & & & & 9,675 & \\ \hline Total commercial loans & & & 1,598,503 & & & & 1,198,819 & \\ \hline Installment loans & & & 360 & & & & 2,149 & \\ \hline Home equity lines of credit (A) & & & 13,933 & & & & 15,001 & \\ \hline Total loans closed & & $ & 1,841,531 & & & $ & 1,479,945 & \\ \hline \end{table} (A) Includes loans and lines of credit that closed in the period but not necessarily funded. (B) Includes equipment finance. (C) Includes PPP loans of $9 million for the quarter ended June 30, 2021, $47 million for the quarter ended March 31, 2021 and $596 million for the twelve months ended December 31, 2020. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 636,417 & & & $ & 2,033 & & & & 1.28 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 8,137 & & & & 101 & & & & 4.96 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 520,123 & & & & 4,372 & & & & 3.36 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 1,865,953 & & & & 14,796 & & & & 3.17 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,943,855 & & & & 16,587 & & & & 3.41 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 10,376 & & & & 108 & & & & 4.16 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 44,581 & & & & 320 & & & & 2.87 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 51,545 & & & & 429 & & & & 3.33 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 281 & & & & 6 & & & & 8.54 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,436,714 & & & & 36,618 & & & & 3.30 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 614,024 & & & & 148 & & & & 0.10 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,695,394 & & & & 38,900 & & & & 2.73 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 9,632 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (68,862 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 21,698 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 238,856 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 201,324 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 1,850,917 & & & $ & 1,059 & & & & 0.23 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,273,681 & & & & 811 & & & & 0.25 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 128,195 & & & & 17 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 602,068 & & & & 2,106 & & & & 1.40 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,854,861 & & & & 3,993 & & & & 0.41 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 113,696 & & & & 514 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,756 & & & & 267 & & & & 3.16 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,002,313 & & & & 4,774 & & & & 0.48 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 244,753 & & & & 616 & & & & 1.01 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,832 & & & & 82 & & & & 4.80 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 94,437 & & & & 1,325 & & & & 5.61 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,348,335 & & & & 6,797 & & & & 0.63 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 858,004 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 166,933 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,024,937 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 523,446 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,896,718 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 32,103 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.10 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.25 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTHREE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & September 30, 2021 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 885,390 & & & $ & 3,104 & & & & 1.40 & % & & $ & 820,574 & & & $ & 2,824 & & & & 1.38 & % \\ \hline Tax-exempt (A) (B) & & & 5,443 & & & & 54 & & & & 3.97 & & & & 6,035 & & & & 64 & & & & 4.24 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 510,562 & & & & 3,799 & & & & 2.98 & & & & 503,621 & & & & 3,779 & & & & 3.00 & \\ \hline Commercial mortgages & & & 2,209,160 & & & & 17,708 & & & & 3.21 & & & & 2,133,259 & & & & 16,114 & & & & 3.02 & \\ \hline Commercial & & & 1,826,640 & & & & 16,660 & & & & 3.65 & & & & 1,826,368 & & & & 16,553 & & & & 3.63 & \\ \hline Commercial construction & & & 20,426 & & & & 176 & & & & 3.45 & & & & 24,596 & & & & 198 & & & & 3.22 & \\ \hline Installment & & & 33,400 & & & & 253 & & & & 3.03 & & & & 32,219 & & & & 245 & & & & 3.04 & \\ \hline Home equity & & & 41,955 & & & & 346 & & & & 3.30 & & & & 43,182 & & & & 357 & & & & 3.31 & \\ \hline Other & & & 270 & & & & 6 & & & & 8.89 & & & & 252 & & & & 5 & & & & 7.94 & \\ \hline Total loans & & & 4,642,413 & & & & 38,948 & & & & 3.36 & & & & 4,563,497 & & & & 37,251 & & & & 3.27 & \\ \hline Federal funds sold & & & — & & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Interest-earning deposits & & & 513,650 & & & & 178 & & & & 0.14 & & & & 413,623 & & & & 142 & & & & 0.14 & \\ \hline Total interest-earning assets & & & 6,046,896 & & & & 42,284 & & & & 2.80 & % & & & 5,803,729 & & & & 40,281 & & & & 2.78 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 11,517 & & & & & & & & & & & & 8,592 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (65,542 & ) & & & & & & & & & & & (64,100 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,117 & & & & & & & & & & & & 23,311 & & & & & & & & & \\ \hline Other assets & & & 182,154 & & & & & & & & & & & & 201,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 151,246 & & & & & & & & & & & & 169,090 & & & & & & & & & \\ \hline Total assets & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,321,970 & & & $ & 1,327 & & & & 0.23 & % & & $ & 2,098,827 & & & $ & 1,177 & & & & 0.22 & % \\ \hline Money markets & & & 1,290,334 & & & & 678 & & & & 0.21 & & & & 1,257,760 & & & & 683 & & & & 0.22 & \\ \hline Savings & & & 152,570 & & & & 20 & & & & 0.05 & & & & 152,759 & & & & 20 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 453,127 & & & & 725 & & & & 0.64 & & & & 461,917 & & & & 836 & & & & 0.72 & \\ \hline Subtotal interest-bearing deposits & & & 4,218,001 & & & & 2,750 & & & & 0.26 & & & & 3,971,263 & & & & 2,716 & & & & 0.27 & \\ \hline Interest-bearing demand – brokered & & & 85,000 & & & & 387 & & & & 1.82 & & & & 85,000 & & & & 385 & & & & 1.81 & \\ \hline Certificates of deposit – brokered & & & 33,810 & & & & 267 & & & & 3.16 & & & & 33,796 & & & & 266 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,336,811 & & & & 3,404 & & & & 0.31 & & & & 4,090,059 & & & & 3,367 & & & & 0.33 & \\ \hline Borrowings & & & 25,890 & & & & 25 & & & & 0.39 & & & & 64,332 & & & & 57 & & & & 0.35 & \\ \hline Capital lease obligation & & & 5,913 & & & & 71 & & & & 4.80 & & & & 6,147 & & & & 74 & & & & 4.82 & \\ \hline Subordinated debt & & & 132,659 & & & & 1,363 & & & & 4.11 & & & & 132,588 & & & & 1,358 & & & & 4.10 & \\ \hline Total interest-bearing liabilities & & & 4,501,273 & & & & 4,863 & & & & 0.43 & % & & & 4,293,126 & & & & 4,856 & & & & 0.45 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 1,042,477 & & & & & & & & & & & & 997,450 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 111,357 & & & & & & & & & & & & 137,387 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,153,834 & & & & & & & & & & & & 1,134,837 & & & & & & & & & \\ \hline Shareholders’ equity & & & 543,035 & & & & & & & & & & & & 544,856 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,198,142 & & & & & & & & & & & $ & 5,972,819 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 37,421 & & & & & & & & & & & $ & 35,425 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.37 & % & & & & & & & & & & & 2.33 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.46 & % & & & & & & & & & & & 2.42 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****AVERAGE BALANCE SHEET** UNAUDITEDTWELVE MONTHS ENDED(Tax-Equivalent Basis, Dollars in Thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & & December 31, 2020 & \\ \hline & & Average & & & Income/ & & & & & & & Average & & & Income/ & & & & & \\ \hline & & Balance & & & Expense & & & Yield & & & Balance & & & Expense & & & Yield & \\ \hline ASSETS: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Investments: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Taxable (A) & & $ & 838,174 & & & $ & 11,577 & & & & 1.38 & % & & $ & 510,245 & & & $ & 8,782 & & & & 1.72 & % \\ \hline Tax-exempt (A) (B) & & & 6,579 & & & & 296 & & & & 4.50 & & & & 9,479 & & & & 477 & & & & 5.03 & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Loans (B) (C): & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Mortgages & & & 503,616 & & & & 15,359 & & & & 3.05 & & & & 528,687 & & & & 17,882 & & & & 3.38 & \\ \hline Commercial mortgages & & & 2,032,318 & & & & 63,298 & & & & 3.11 & & & & 1,958,262 & & & & 64,541 & & & & 3.30 & \\ \hline Commercial & & & 1,881,683 & & & & 66,652 & & & & 3.54 & & & & 1,969,115 & & & & 71,037 & & & & 3.61 & \\ \hline Commercial construction & & & 20,420 & & & & 692 & & & & 3.39 & & & & 5,932 & & & & 295 & & & & 4.97 & \\ \hline Installment & & & 34,390 & & & & 1,030 & & & & 3.00 & & & & 51,007 & & & & 1,532 & & & & 3.00 & \\ \hline Home equity & & & 44,735 & & & & 1,479 & & & & 3.31 & & & & 53,853 & & & & 1,940 & & & & 3.60 & \\ \hline Other & & & 247 & & & & 21 & & & & 8.50 & & & & 311 & & & & 29 & & & & 9.32 & \\ \hline Total loans & & & 4,517,409 & & & & 148,531 & & & & 3.29 & & & & 4,567,167 & & & & 157,256 & & & & 3.44 & \\ \hline Federal funds sold & & & 48 & & & & — & & & & 0.13 & & & & 102 & & & & — & & & & 0.25 & \\ \hline Interest-earning deposits & & & 477,477 & & & & 545 & & & & 0.11 & & & & 504,753 & & & & 968 & & & & 0.19 & \\ \hline Total interest-earning assets & & & 5,839,687 & & & & 160,949 & & & & 2.76 & % & & & 5,591,746 & & & & 167,483 & & & & 3.00 & % \\ \hline Noninterest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Cash and due from banks & & & 10,396 & & & & & & & & & & & & 7,025 & & & & & & & & & \\ \hline Allowance for loan and lease losses & & & (67,075 & ) & & & & & & & & & & & (61,401 & ) & & & & & & & & \\ \hline Premises and equipment & & & 23,094 & & & & & & & & & & & & 21,455 & & & & & & & & & \\ \hline Other assets & & & 197,893 & & & & & & & & & & & & 219,287 & & & & & & & & & \\ \hline Total noninterest-earning assets & & & 164,308 & & & & & & & & & & & & 186,366 & & & & & & & & & \\ \hline Total assets & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline LIABILITIES: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing deposits: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Checking & & $ & 2,078,658 & & & $ & 4,426 & & & & 0.21 & % & & $ & 1,742,846 & & & $ & 7,279 & & & & 0.42 & % \\ \hline Money markets & & & 1,260,865 & & & & 2,882 & & & & 0.23 & & & & 1,227,295 & & & & 6,185 & & & & 0.50 & \\ \hline Savings & & & 146,210 & & & & 75 & & & & 0.05 & & & & 120,780 & & & & 63 & & & & 0.05 & \\ \hline Certificates of deposit – retail & & & 483,889 & & & & 4,058 & & & & 0.84 & & & & 654,652 & & & & 11,476 & & & & 1.75 & \\ \hline Subtotal interest-bearing deposits & & & 3,969,622 & & & & 11,441 & & & & 0.29 & & & & 3,745,573 & & & & 25,003 & & & & 0.67 & \\ \hline Interest-bearing demand – brokered & & & 96,301 & & & & 1,721 & & & & 1.79 & & & & 143,388 & & & & 2,773 & & & & 1.93 & \\ \hline Certificates of deposit – brokered & & & 33,790 & & & & 1,058 & & & & 3.13 & & & & 33,735 & & & & 1,061 & & & & 3.15 & \\ \hline Total interest-bearing deposits & & & 4,099,713 & & & & 14,220 & & & & 0.35 & & & & 3,922,696 & & & & 28,837 & & & & 0.74 & \\ \hline Borrowings & & & 110,077 & & & & 473 & & & & 0.43 & & & & 308,814 & & & & 3,976 & & & & 1.29 & \\ \hline Capital lease obligation & & & 6,260 & & & & 300 & & & & 4.79 & & & & 7,157 & & & & 343 & & & & 4.79 & \\ \hline Subordinated debt & & & 156,888 & & & & 7,013 & & & & 4.47 & & & & 86,246 & & & & 4,992 & & & & 5.79 & \\ \hline Total interest-bearing liabilities & & & 4,372,938 & & & & 22,006 & & & & 0.50 & % & & & 4,324,913 & & & & 38,148 & & & & 0.88 & % \\ \hline Noninterest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Demand deposits & & & 959,912 & & & & & & & & & & & & 787,191 & & & & & & & & & \\ \hline Accrued expenses and other liabilities & & & 134,948 & & & & & & & & & & & & 153,648 & & & & & & & & & \\ \hline Total noninterest-bearing liabilities & & & 1,094,860 & & & & & & & & & & & & 940,839 & & & & & & & & & \\ \hline Shareholders’ equity & & & 536,197 & & & & & & & & & & & & 512,360 & & & & & & & & & \\ \hline Total liabilities and shareholders’ equity & & $ & 6,003,995 & & & & & & & & & & & $ & 5,778,112 & & & & & & & & & \\ \hline Net interest income & & & & & & $ & 138,943 & & & & & & & & & & & $ & 129,335 & & & & & \\ \hline Net interest spread & & & & & & & & & & & 2.26 & % & & & & & & & & & & & 2.12 & % \\ \hline Net interest margin (D) & & & & & & & & & & & 2.38 & % & & & & & & & & & & & 2.31 & % \\ \hline \end{table} (A) Average balances for available for sale securities are based on amortized cost. (B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate. (C) Loans are stated net of unearned income and include nonaccrual loans. (D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets. **PEAPACK-GLADSTONE FINANCIAL CORPORATION****NON-GAAP FINANCIAL MEASURES RECONCILIATION** Tangible book value per share and tangible equity as a percentage of tangible assets at period end are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from shareholders’ equity and total assets, respectively. We calculate tangible book value per share by dividing tangible equity by period end common shares outstanding, as compared to book value per common share, which we calculate by dividing shareholders’ equity by period end common shares outstanding. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. The efficiency ratio is a non-GAAP measure of expense control relative to recurring revenue. We calculate the efficiency ratio by dividing total noninterest expenses, excluding other real estate owned provision, as determined under GAAP, by net interest income and total noninterest income as determined under GAAP, but excluding net gains/(losses) on loans held for sale at lower of cost or fair value and excluding net gains on securities from this calculation, which we refer to below as recurring revenue. We believe that this provides a reasonable measure of core expenses relative to core revenue. We believe these non-GAAP financial measures provide information that is important to investors and useful in understanding our financial position, results and ratios because our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titles measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity, tangible book value per share and efficiency ratio to the underlying GAAP numbers is set forth below. (Dollars in thousands, except share data) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Tangible Book Value Per Share & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Shareholders’ equity & & $ & 546,388 & & & $ & 543,014 & & & $ & 538,459 & & & $ & 522,441 & & & $ & 527,122 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible equity & & $ & 497,486 & & & $ & 493,681 & & & $ & 495,303 & & & $ & 478,917 & & & $ & 483,231 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Period end shares outstanding & & & 18,393,888 & & & & 18,627,910 & & & & 18,829,877 & & & & 19,034,870 & & & & 18,974,703 & \\ \hline Tangible book value per share & & $ & 27.05 & & & $ & 26.50 & & & $ & 26.30 & & & $ & 25.16 & & & $ & 25.47 & \\ \hline Book value per share & & & 29.70 & & & & 29.15 & & & & 28.60 & & & & 27.45 & & & & 27.78 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Tangible Equity to Tangible Assets & & & & & & & & & & & & & & & & & & & & \\ \hline Total assets & & $ & 6,077,993 & & & $ & 6,240,285 & & & $ & 5,791,688 & & & $ & 5,969,627 & & & $ & 5,890,442 & \\ \hline Less: Intangible assets, net & & & 48,902 & & & & 49,333 & & & & 43,156 & & & & 43,524 & & & & 43,891 & \\ \hline Tangible assets & & $ & 6,029,091 & & & $ & 6,190,952 & & & $ & 5,748,532 & & & $ & 5,926,103 & & & $ & 5,846,551 & \\ \hline Tangible equity to tangible assets & & & 8.25 & % & & & 7.97 & % & & & 8.62 & % & & & 8.08 & % & & & 8.27 & % \\ \hline Equity to assets & & & 8.99 & % & & & 8.70 & % & & & 9.30 & % & & & 8.75 & % & & & 8.95 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net income & & $ & 14,855 & & & $ & 14,171 & & & $ & 14,418 & & & $ & 13,178 & & & $ & 3,030 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 543,035 & & & $ & 544,856 & & & $ & 530,971 & & & $ & 525,643 & & & $ & 523,446 & \\ \hline Less: Average intangible assets, net & & & 49,151 & & & & 48,757 & & & & 43,366 & & & & 43,742 & & & & 40,336 & \\ \hline Average tangible equity & & $ & 493,884 & & & $ & 496,099 & & & $ & 487,605 & & & $ & 481,901 & & & $ & 483,110 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 12.03 & % & & & 11.43 & % & & & 11.83 & % & & & 10.94 & % & & & 2.51 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Return on Average Tangible Equity & & 2021 & & & 2020 & \\ \hline Net income & & $ & 56,622 & & & $ & 26,192 & \\ \hline & & & & & & & & \\ \hline Average shareholders’ equity & & $ & 536,197 & & & $ & 512,360 & \\ \hline Less: Average intangible assets, net & & & 46,275 & & & & 40,186 & \\ \hline Average tangible equity & & $ & 489,922 & & & $ & 472,174 & \\ \hline & & & & & & & & \\ \hline Return on average tangible common equity & & & 11.56 & % & & & 5.55 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & Dec 31, & & & Sept 30, & & & June 30, & & & March 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2021 & & & 2021 & & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 37,212 & & & $ & 35,211 & & & $ & 33,845 & & & $ & 31,793 & & & $ & 31,735 & \\ \hline Total other income & & & 18,964 & & & & 17,781 & & & & 17,678 & & & & 17,820 & & & & 14,406 & \\ \hline Add: & & & & & & & & & & & & & & & & & & & & \\ \hline Securities losses/(gains), net & & & 139 & & & & 70 & & & & (42 & ) & & & 265 & & & & 42 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline Loss/(gain) on loans held for sale & & & & & & & & & & & & & & & & & & & & \\ \hline at lower of cost or fair value & & & 265 & & & & — & & & & (1,125 & ) & & & (282 & ) & & & — & \\ \hline Income from life insurance proceeds & & & — & & & & — & & & & (153 & ) & & & (302 & ) & & & — & \\ \hline Loss on swap termination & & & — & & & & — & & & & 842 & & & & — & & & & — & \\ \hline Total recurring revenue & & $ & 56,580 & & & $ & 53,062 & & & $ & 51,045 & & & $ & 49,294 & & & $ & 46,183 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Operating expenses & & $ & 31,704 & & & $ & 32,185 & & & $ & 30,684 & & & $ & 31,594 & & & $ & 39,249 & \\ \hline Less: & & & & & & & & & & & & & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & — & & & & — & & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & — & & & & — & & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & — & & & & — & & & & 648 & & & & — & & & & — & \\ \hline Swap valuation allowance & & & 893 & & & & 1,350 & & & & — & & & & — & & & & — & \\ \hline Severance expense & & & — & & & & — & & & & — & & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 30,811 & & & $ & 30,835 & & & $ & 30,036 & & & $ & 30,062 & & & $ & 30,040 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 54.46 & % & & & 58.11 & % & & & 58.84 & % & & & 60.99 & % & & & 65.05 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline & & For the Twelve Months Ended & \\ \hline & & Dec 31, & & & Dec 31, & \\ \hline Efficiency Ratio & & 2021 & & & 2020 & \\ \hline Net interest income & & $ & 138,061 & & & $ & 127,602 & \\ \hline Total other income & & & 72,243 & & & & 61,760 & \\ \hline Add: & & & & & & & & \\ \hline Securities losses/(gains), net & & & 432 & & & & (281 & ) \\ \hline Less: & & & & & & & & \\ \hline Loss/ on swap termination & & & 842 & & & & — & \\ \hline Income from life insurance proceeds & & & (455 & ) & & & — & \\ \hline (Gain) on loans held for sale & & & & & & & & \\ \hline at lower of cost or fair value & & & (1,142 & ) & & & (7,426 & ) \\ \hline Total recurring revenue & & $ & 209,981 & & & $ & 181,655 & \\ \hline & & & & & & & & \\ \hline Operating expenses & & $ & 126,167 & & & $ & 124,959 & \\ \hline Less: & & & & & & & & \\ \hline FHLB prepayment penalty & & & — & & & & 4,784 & \\ \hline Valuation allowance loans held for sale & & & — & & & & 4,425 & \\ \hline Write-off of subordinated debt costs & & & 648 & & & & — & \\ \hline Swap valuation allowance & & & 2,243 & & & & — & \\ \hline Severance expense & & & 1,532 & & & & — & \\ \hline Total operating expenses & & $ & 121,744 & & & $ & 115,750 & \\ \hline & & & & & & & & \\ \hline Efficiency ratio & & & 57.98 & % & & & 63.72 & % \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDg4MCM0Njk4MjkxIzUwMDAzMjA1OQ==) [Image](https://ml.globenewswire.com/media/Mjk3YWJiOTEtNmFiOC00N2JmLWI5ZGEtZTMzNjE4OWIzMWI0LTUwMDAzMjA1OQ==/tiny/Peapack-Gladstone-Financial-Co.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/53b6bb79-23d0-48f1-86d7-afdb745bcf7e) Source: Peapack-Gladstone Financial Corporation
Stock Price 4 days before: 34.6283
Stock Price 2 days before: 36.1409
Stock Price 1 day before: 35.7664
Stock Price at release: 34.8186
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: HRZN
Security: Horizon Technology Finance Corporation
Related Stocks/Topics: AGNC|Markets|PFLT
Title: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks
Type: News
Publication: The Motley Fool
Publication Author: Sean Williams
Date: 2022-01-29
Article: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This "steepening" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 14.2485
Stock Price 2 days before: 14.7132
Stock Price 1 day before: 14.4612
Stock Price at release: 14.4575
Risk-Free Rate at release: 0.0004
| 15.3708 |
Broader Economic Information:
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Bank7 (BSVN) Lags Q4 Earnings Estimates
Article: Bank7 (BSVN) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.22%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surprise of 7.81%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Bank7, which belongs to the Zacks Banks - Southeast industry, posted revenues of $14.74 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.25%. This compares to year-ago revenues of $12.9 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Bank7 shares have added about 1.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Bank7?**While Bank7 has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/BSVN/earnings-calendar), the estimate revisions trend for Bank7: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $16.2 million in revenues for the coming quarter and $2.95 on $63.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. RE/MAX (RMAX), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 23.This franchisor of residential real estate brokerages is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +14.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.RE/MAX's revenues are expected to be $88.95 million, up 22.8% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Bank7 Corp. (BSVN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BSVN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [REMAX Holdings, Inc. (RMAX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RMAX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859081/bank7-bsvn-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859081) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-29
Title: ChargePoint Holdings Inc - Class A Shares Close the Day 10.5% Higher - Daily Wrap
Article: ChargePoint Holdings Inc - Class A ([CHPT](https://kwhen.com/finance/profiles/CHPT/summary))) shares closed today 10.5% higher than it did at the end of yesterday. The stock is currently down 39.9% year-to-date, down 71.8% over the past 12 months, and up 17.3% over the past five years. Today, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.5%. **Trading Activity** - Shares traded as high as $13.54 and as low as $11.21 this week. - Shares closed 70.6% below its 52-week high and 12.8% above its 52-week low. - Trading volume this week was 26.1% higher than the 10-day average and 34.2% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 1.8% higher than its 5-day moving average, 17.4% lower than its 20-day moving average, and 38.4% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1371.1% - The company's stock price performance over the past 12 months lags the peer average by -4389.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021
Article: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline \end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [[email protected]](mailto:[email protected]). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & As of \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\ \hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\ \hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\ \hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\ \hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\ \hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\ \hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\ \hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\ \hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\ \hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\ \hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\ \hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\ \hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\ \hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\ \hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\ \hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\ \hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\ \hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\ \hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\ \hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\ \hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\ \hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\ \hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\ \hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\ \hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Income Statement: & & & & & & & & & \\ \hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\ \hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\ \hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\ \hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\ \hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\ \hline Noninterest income & & & & & & & & & \\ \hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\ \hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\ \hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\ \hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\ \hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\ \hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\ \hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\ \hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\ \hline Noninterest expense & & & & & & & & & \\ \hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\ \hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\ \hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\ \hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\ \hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\ \hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\ \hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\ \hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\ \hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\ \hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\ \hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\ \hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\ \hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\ \hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\ \hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\ \hline & & & & & & & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\ \hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\ \hline Earnings per common share & & & & & & & & & \\ \hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\ \hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\ \hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\ \hline & & & & & & & & & \\ \hline Selected Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\ \hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\ \hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\ \hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\ \hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\ \hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\ \hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\ \hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\ \hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\ \hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\ \hline & & & & & & & & & \\ \hline Asset Quality Ratios: & & & & & & & & & \\ \hline Ratio of nonaccruing loans to: & & & & & & & & & \\ \hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & & & & & & & \\ \hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & & & & & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Real Estate Loans: & & & & & & & & & \\ \hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\ \hline & & & & & & & & & \\ \hline Summary of Changes in Allowances: & & & & & & & & & \\ \hline Allowance for Loan Losses & & & & & & & & & \\ \hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\ \hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\ \hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\ \hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\ \hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\ \hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\ \hline & & & & & & & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\ \hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Income Statement: & & & \\ \hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\ \hline Total interest expense & & 26,430 & & & & 44,563 & \\ \hline Net interest income & & 189,557 & & & & 187,265 & \\ \hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\ \hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\ \hline Noninterest income & & & \\ \hline Deposit services & & 26,368 & & & & 24,359 & \\ \hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\ \hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\ \hline Trust fees & & 5,959 & & & & 5,133 & \\ \hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\ \hline Brokerage services & & 3,383 & & & & 2,271 & \\ \hline Other & & 5,505 & & & & 4,386 & \\ \hline Total noninterest income & & 49,336 & & & & 49,732 & \\ \hline Noninterest expense & & & \\ \hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\ \hline Net occupancy & & 14,239 & & & & 14,369 & \\ \hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\ \hline ATM expense & & 1,166 & & & & 1,018 & \\ \hline Professional fees & & 4,015 & & & & 4,224 & \\ \hline Software and data processing & & 5,675 & & & & 4,957 & \\ \hline Communications & & 2,233 & & & & 1,984 & \\ \hline FDIC insurance & & 1,807 & & & & 1,124 & \\ \hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\ \hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\ \hline Other & & 9,669 & & & & 12,642 & \\ \hline Total noninterest expense & & 125,030 & & & & 123,307 & \\ \hline Income before income tax expense & & 130,827 & & & & 93,489 & \\ \hline Income tax expense & & 17,426 & & & & 11,336 & \\ \hline Net income & $ & 113,401 & & & $ & 82,153 & \\ \hline & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\ \hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\ \hline Earnings per common share & & & \\ \hline Basic & $ & 3.48 & & & $ & 2.47 & \\ \hline Diluted & & 3.47 & & & & 2.47 & \\ \hline Book value per common share & & 28.20 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\ \hline & & & \\ \hline Selected Performance Ratios: & & & \\ \hline Return on average assets & & 1.59 & % & & & 1.14 & % \\ \hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\ \hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\ \hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\ \hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\ \hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\ \hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\ \hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\ \hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 106 & \\ \hline Repossessed assets & & — & & & & 14 & \\ \hline & & & \\ \hline Asset Quality Ratios: & & & \\ \hline Ratio of nonaccruing loans to: & & & \\ \hline Total loans & & 0.07 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & \\ \hline Total assets & & 0.16 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\ \hline & & & \\ \hline Capital Ratios: & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\ \hline Real Estate Loans: & & & \\ \hline Construction & $ & 447,860 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\ \hline & & & \\ \hline Summary of Changes in Allowances: & & & \\ \hline Allowance for Loan Losses & & & \\ \hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\ \hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\ \hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\ \hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\ \hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\ \hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\ \hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\ \hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\ \hline & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\ \hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\ \hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\ \hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\ \hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\ \hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\ \hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\ \hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\ \hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\ \hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\ \hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\ \hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\ \hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\ \hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\ \hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\ \hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\ \hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\ \hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\ \hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\ \hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\ \hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\ \hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\ \hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\ \hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\ \hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & June 30, 2021 & & March 31, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\ \hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\ \hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\ \hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\ \hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\ \hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\ \hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\ \hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\ \hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\ \hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\ \hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\ \hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\ \hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\ \hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\ \hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\ \hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\ \hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\ \hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\ \hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\ \hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\ \hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & \\ \hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\ \hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\ \hline Securities: & & & & & \\ \hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\ \hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\ \hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\ \hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\ \hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\ \hline Cash and due from banks & & 83,228 & & & & & \\ \hline Accrued interest and other assets & & 687,894 & & & & & \\ \hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\ \hline Total assets & $ & 7,167,100 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\ \hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\ \hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\ \hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\ \hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\ \hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\ \hline Other borrowings & & 66 & & & & — & & — & \\ \hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\ \hline Noninterest bearing deposits & & 1,381,120 & & & & & \\ \hline Accrued expenses and other liabilities & & 101,478 & & & & & \\ \hline Total liabilities & & 6,313,030 & & & & & \\ \hline Shareholders’ equity & & 854,070 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\ \hline Net interest income (FTE) & & & $ & 51,851 & & \\ \hline Net interest margin (FTE) & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 3.02 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\ \hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\ \hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\ \hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\ \hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\ \hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\ \hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\ \hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\ \hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\ \hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\ \hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\ \hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\ \hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\ \hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\ \hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\ \hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\ \hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\ \hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\ \hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\ \hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\ \hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\ \hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\ \hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\ \hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\ \hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\ \hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\ \hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\ \hline & & & & & & & & & & & & & & \\ \hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\ \hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\ \hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\ \hline & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\ \hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\ \hline & & & & & & & & & & & & & & \\ \hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\ \hline & & & & & & & & & & & & & & \\ \hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\ \hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\ \hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\ \hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\ \hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\ \hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\ \hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\ \hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\ \hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\ \hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\ \hline & & & & & & & & & & & & & & \\ \hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\ \hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\ \hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\ \hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\ \hline & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\ \hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\ \hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\ \hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\ \hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\ \hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.
Date: 2022-01-29
Title: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks
Article: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This "steepening" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Broader Sector Information:
Date: 2022-01-28
Title: ParkOhio Announces Quarterly Dividend
Article: CLEVELAND, OHIO--(BUSINESS WIRE)-- The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 25, 2022, to shareholders of record as of the close of business on February 11, 2022.ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the ultimate impact the COVID-19 pandemic has on our business, results of operations, financial position and liquidity, including, without limitation, supply chain issues such as the global semiconductor micro-chip shortage and logistic issues; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; public health issues, including the outbreak of COVID-19 and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005319r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005319/en/](https://www.businesswire.com/news/home/20220128005319/en/) MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000 Source: Park-Ohio Holdings Corp.
Date: 2022-01-28
Title: Safehold Inc Shares Near 52-Week Low - Market Mover
Article: Safehold Inc ([SAFE](https://kwhen.com/finance/profiles/SAFE/summary))) shares closed today at 1.5% above its 52 week low of $58.08, giving the company a market cap of $3B. The stock is currently down 26.1% year-to-date, down 22.8% over the past 12 months, and up 240.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 12.2% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 665.8% - The company's stock price performance over the past 12 months lags the peer average by -254.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Notable Friday Option Activity: CWH, SC, DDOG
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Camping World Holdings Inc (Symbol: CWH), where a total of 9,400 contracts have traded so far, representing approximately 940,000 underlying shares. That amounts to about 63.8% of CWH's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the [$32 strike put option expiring February 04, 2022](https://www.stockoptionschannel.com/symbol/?symbol=CWH&month=20220204&type=put&contract=32.00), with 1,523 contracts trading so far today, representing approximately 152,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $32 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Santander Consumer USA Holdings Inc (Symbol: SC) saw options trading volume of 1,391 contracts, representing approximately 139,100 underlying shares or approximately 61.8% of SC's average daily trading volume over the past month, of 225,205 shares. Particularly high volume was seen for the [$45 strike call option expiring December 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=SC&month=20221216&type=call&contract=45.00), with 626 contracts trading so far today, representing approximately 62,600 underlying shares of SC. Below is a chart showing SC's trailing twelve month trading history, with the $45 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Datadog Inc (Symbol: DDOG) saw options trading volume of 26,495 contracts, representing approximately 2.6 million underlying shares or approximately 61.6% of DDOG's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the [$150 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=DDOG&month=20220218&type=call&contract=150.00), with 6,825 contracts trading so far today, representing approximately 682,500 underlying shares of DDOG. Below is a chart showing DDOG's trailing twelve month trading history, with the $150 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [CWH options](https://www.stockoptionschannel.com/symbol/cwh/), [SC options](https://www.stockoptionschannel.com/symbol/sc/), or [DDOG options](https://www.stockoptionschannel.com/symbol/ddog/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021
Article: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline \end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [[email protected]](mailto:[email protected]). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & As of \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\ \hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\ \hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\ \hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\ \hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\ \hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\ \hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\ \hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\ \hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\ \hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\ \hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\ \hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\ \hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\ \hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\ \hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\ \hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\ \hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\ \hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\ \hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\ \hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\ \hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\ \hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\ \hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\ \hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\ \hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Income Statement: & & & & & & & & & \\ \hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\ \hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\ \hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\ \hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\ \hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\ \hline Noninterest income & & & & & & & & & \\ \hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\ \hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\ \hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\ \hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\ \hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\ \hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\ \hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\ \hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\ \hline Noninterest expense & & & & & & & & & \\ \hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\ \hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\ \hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\ \hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\ \hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\ \hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\ \hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\ \hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\ \hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\ \hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\ \hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\ \hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\ \hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\ \hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\ \hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\ \hline & & & & & & & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\ \hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\ \hline Earnings per common share & & & & & & & & & \\ \hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\ \hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\ \hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\ \hline & & & & & & & & & \\ \hline Selected Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\ \hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\ \hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\ \hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\ \hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\ \hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\ \hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\ \hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\ \hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\ \hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\ \hline & & & & & & & & & \\ \hline Asset Quality Ratios: & & & & & & & & & \\ \hline Ratio of nonaccruing loans to: & & & & & & & & & \\ \hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & & & & & & & \\ \hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & & & & & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Real Estate Loans: & & & & & & & & & \\ \hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\ \hline & & & & & & & & & \\ \hline Summary of Changes in Allowances: & & & & & & & & & \\ \hline Allowance for Loan Losses & & & & & & & & & \\ \hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\ \hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\ \hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\ \hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\ \hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\ \hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\ \hline & & & & & & & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\ \hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Income Statement: & & & \\ \hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\ \hline Total interest expense & & 26,430 & & & & 44,563 & \\ \hline Net interest income & & 189,557 & & & & 187,265 & \\ \hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\ \hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\ \hline Noninterest income & & & \\ \hline Deposit services & & 26,368 & & & & 24,359 & \\ \hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\ \hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\ \hline Trust fees & & 5,959 & & & & 5,133 & \\ \hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\ \hline Brokerage services & & 3,383 & & & & 2,271 & \\ \hline Other & & 5,505 & & & & 4,386 & \\ \hline Total noninterest income & & 49,336 & & & & 49,732 & \\ \hline Noninterest expense & & & \\ \hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\ \hline Net occupancy & & 14,239 & & & & 14,369 & \\ \hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\ \hline ATM expense & & 1,166 & & & & 1,018 & \\ \hline Professional fees & & 4,015 & & & & 4,224 & \\ \hline Software and data processing & & 5,675 & & & & 4,957 & \\ \hline Communications & & 2,233 & & & & 1,984 & \\ \hline FDIC insurance & & 1,807 & & & & 1,124 & \\ \hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\ \hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\ \hline Other & & 9,669 & & & & 12,642 & \\ \hline Total noninterest expense & & 125,030 & & & & 123,307 & \\ \hline Income before income tax expense & & 130,827 & & & & 93,489 & \\ \hline Income tax expense & & 17,426 & & & & 11,336 & \\ \hline Net income & $ & 113,401 & & & $ & 82,153 & \\ \hline & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\ \hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\ \hline Earnings per common share & & & \\ \hline Basic & $ & 3.48 & & & $ & 2.47 & \\ \hline Diluted & & 3.47 & & & & 2.47 & \\ \hline Book value per common share & & 28.20 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\ \hline & & & \\ \hline Selected Performance Ratios: & & & \\ \hline Return on average assets & & 1.59 & % & & & 1.14 & % \\ \hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\ \hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\ \hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\ \hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\ \hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\ \hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\ \hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\ \hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 106 & \\ \hline Repossessed assets & & — & & & & 14 & \\ \hline & & & \\ \hline Asset Quality Ratios: & & & \\ \hline Ratio of nonaccruing loans to: & & & \\ \hline Total loans & & 0.07 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & \\ \hline Total assets & & 0.16 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\ \hline & & & \\ \hline Capital Ratios: & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\ \hline Real Estate Loans: & & & \\ \hline Construction & $ & 447,860 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\ \hline & & & \\ \hline Summary of Changes in Allowances: & & & \\ \hline Allowance for Loan Losses & & & \\ \hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\ \hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\ \hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\ \hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\ \hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\ \hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\ \hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\ \hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\ \hline & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\ \hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\ \hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\ \hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\ \hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\ \hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\ \hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\ \hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\ \hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\ \hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\ \hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\ \hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\ \hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\ \hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\ \hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\ \hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\ \hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\ \hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\ \hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\ \hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\ \hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\ \hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\ \hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\ \hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\ \hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & June 30, 2021 & & March 31, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\ \hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\ \hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\ \hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\ \hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\ \hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\ \hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\ \hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\ \hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\ \hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\ \hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\ \hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\ \hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\ \hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\ \hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\ \hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\ \hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\ \hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\ \hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\ \hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\ \hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & \\ \hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\ \hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\ \hline Securities: & & & & & \\ \hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\ \hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\ \hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\ \hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\ \hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\ \hline Cash and due from banks & & 83,228 & & & & & \\ \hline Accrued interest and other assets & & 687,894 & & & & & \\ \hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\ \hline Total assets & $ & 7,167,100 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\ \hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\ \hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\ \hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\ \hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\ \hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\ \hline Other borrowings & & 66 & & & & — & & — & \\ \hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\ \hline Noninterest bearing deposits & & 1,381,120 & & & & & \\ \hline Accrued expenses and other liabilities & & 101,478 & & & & & \\ \hline Total liabilities & & 6,313,030 & & & & & \\ \hline Shareholders’ equity & & 854,070 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\ \hline Net interest income (FTE) & & & $ & 51,851 & & \\ \hline Net interest margin (FTE) & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 3.02 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\ \hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\ \hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\ \hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\ \hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\ \hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\ \hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\ \hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\ \hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\ \hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\ \hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\ \hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\ \hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\ \hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\ \hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\ \hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\ \hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\ \hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\ \hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\ \hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\ \hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\ \hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\ \hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\ \hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\ \hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\ \hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\ \hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\ \hline & & & & & & & & & & & & & & \\ \hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\ \hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\ \hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\ \hline & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\ \hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\ \hline & & & & & & & & & & & & & & \\ \hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\ \hline & & & & & & & & & & & & & & \\ \hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\ \hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\ \hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\ \hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\ \hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\ \hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\ \hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\ \hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\ \hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\ \hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\ \hline & & & & & & & & & & & & & & \\ \hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\ \hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\ \hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\ \hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\ \hline & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\ \hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\ \hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\ \hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\ \hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\ \hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
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Symbol: HUYA
Security: HUYA Inc.
Related Stocks/Topics: Unknown
Title: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today
Type: News
Publication: InvestorPlace
Publication Author: Samuel O'Brient
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (<a href=](https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-3-300x169.jpg) TCEHY) sign on Tencent headquarters in Shenzhen, China." width="300" height="169">Source: StreetVJ / Shutterstock.com** What’s Happening With DOYU Stock** The announcement of this pending deal sent DOYU stock shooting up this morning. A previously overlooked penny stock, DOYU plunged last Friday, but following today’s gains, it is in the green. Indeed, it slid 4% as markets opened today but was quick to rebound. As of this writing, it is up almost 14% for the day. It’s up by more than 2% for the week and almost 3% for the month. However, DOYU stock was trading at more than $4 per share less than six months ago and is still at only $2.50.Tencent is also rising today, though its pattern has been one of turbulence. As of this writing, it is up 0.18% for the day but remains in the red for the week by just under 1.5%. In 2021, the company faced some regulatory hurdles when its merger with fellow Chinese game producer **Huya** (NYSE:** [HUYA](https://investorplace.com/stock-quotes/huya-stock-quote/?utm_source=Nasdaq&utm_medium=referral)**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 6.57548
Stock Price 2 days before: 6.09901
Stock Price 1 day before: 6.16642
Stock Price at release: 5.89537
Risk-Free Rate at release: 0.0004
| 5.21529 |
Broader Economic Information:
Date: 2022-01-28
Title: Shutterstock's (NYSE:SSTK) Dividend Will Be Increased To US$0.24
Article: **Shutterstock, Inc.** (NYSE:SSTK) has announced that it will be increasing its dividend on the 17th of March to US$0.24. Even though the dividend went up, the yield is still quite low at only 1.0%. **Shutterstock's Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Before making this announcement, Shutterstock was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to fall by 11.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 36%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.[historic-dividend](https://images.simplywall.st/asset/chart/23442750-historic-dividend-1-dark/1643369774476) NYSE:SSTK Historic Dividend January 28th 2022**Shutterstock Doesn't Have A Long Payment History** The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. The first annual payment during the last 2 years was US$0.68 in 2020, and the most recent fiscal year payment was US$0.96. This works out to be a compound annual growth rate (CAGR) of approximately 19% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. **The Dividend Looks Likely To Grow** Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see Shutterstock has been growing its earnings per share at 27% a year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. **Shutterstock Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out [2 warning signs for Shutterstock](https://simplywall.st/stocks/us/retail/nyse-sstk/shutterstock?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our [curated list of strong dividend payers.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874945&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDk0NTo0YjQ1OTMwYTBkOTE5Zjcx)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
Article: MONACO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM), announced today that its Board of Directors has declared a cash distribution of $0.05 per unit for the quarter ended December 31, 2021. This distribution represents an annualized distribution of $0.20 per unit. The cash distribution will be payable on February 11, 2022 to unit holders of record as of February 9, 2022. **About Navios Maritime Partners L.P. **Navios Partners (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at [www.navios-mlp.com](https://www.globenewswire.com/Tracker?data=ooQ9tXsrWMRn8nDYkE8MGgoQJ3fpNFOoOr0K19piwB5j2chHvzXxk4-i06MfIc6ALMDG06j_PfzFCT7AVD_KWDuifVMezXDrTdHawqhktfY=). **Forward-Looking Statements** This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, Navios Partners’ ability to realize the projected advantages of the Merger with Navios Acquisition, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of the COVID-19 pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our Panamax, Capesize, Ultra-Handymax, Containerships and Tanker vessels in particular, fluctuations in charter rates for dry bulk vessels, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units. **Public & Investor Relations Contact:**Navios Maritime Partners L.P.+1.212.906.8645 [[email protected]](https://www.globenewswire.com/Tracker?data=rB2pO75I-beyYwR28Ib3VI5MCu9HIqFHixqypGm7GqYbUzRT9t47pcKCiySoELYAZaBq7XfNtNC1fpfn2ha5np7hSFVgrKleUR29t3f0S04=) Nicolas BornozisCapital Link, Inc.+1.212.661.7566 [[email protected]](https://www.globenewswire.com/Tracker?data=q1xjNAuhsYrCWm95nSDcaMxLrHgbn8kP--pGf5_hBnFRYOQFL0DQiwBTz9WBqf-ua7cH3YLXwLtItm9XSDPGbu-q_KUEDC-AsLd1dp3IR33CqafbbbfcrAQfJVO4ptUu) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTE2MCM0Njk3NDQ2IzIwMjkwMTU=) [Image](https://ml.globenewswire.com/media/NDA1NzIwNzEtNTNlOS00ZmE3LTllOWEtNTIxY2UxY2NkYjE3LTEwNDA1ODY=/tiny/Navios-Maritime-Partners-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a5586-78a9-4365-8976-0f74d7be183f) Source: Navios Maritime Partners L.P.
Date: 2022-01-28
Title: Euromonitor International Ltd. Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories
Article: **Company Also Earns Multiple Product Awards from Around the World** LOS ANGELES, Jan. 28, 2022 /PRNewswire/ -- Premier global nutrition company, Herbalife Nutrition, has been named "The World's #1 Health Shake1" and "The #1 Brand in Active and Lifestyle Nutrition2" by Euromonitor International, an independent market research firm. The company also retains its top rank in the world in four other Euromonitor categories, including weight management and wellbeing3; and for the fifth consecutive year, the titles of being the world's top brand in weight management4, meal replacements5, and meal replacement and protein supplements combined6. [](https://mma.prnewswire.com/media/507686/Herbalife___Logo.html) Euromonitor International Ranks Herbalife Nutrition World's #1 Health Shake and Top Brand Across Six Health Categories"Creating the best tasting, highest quality nutrition products that help people achieve their wellness goals is at the heart of what we do, and the reason consumers trust Herbalife Nutrition to help them improve their nutrition," said John Agwunobi, Chairman and CEO, Herbalife Nutrition. Every year the company receives numerous product awards for its high-quality, science-backed products, from media, government agencies and consumer research companies. Some of the awards from the past year include: - United States: Selected as one of the **Best Weight Loss Programs** by Consumer Affairs as voted on by consumers. - China: Multiple awards including the **National Award for Enterprises Demonstrating Quality and Integrity in Products and Services**, awarded by the China Quality Inspection Association. - India: Recognized as the **"Power Brand 2021" in the category of Overall Holistic Nutrition for Women** by Femina, the first and most read women's English magazine in India. - Korea: For the tenth consecutive year, awarded the grand prize in the **Health Functional Food** Category by Digital Chosun Ilbo, a leading local media company and sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Agriculture, Food and Rural Affairs. - Russia: **Product of the Year**, awarded for High Protein Iced Coffee, awarded by the Russian Chamber of Commerce and the Moscow International Business Association (MIBA). - Taiwan: **Symbol of Nutritional Quality**, awarded by the Institute for Biotechnology and Medicine Industry to inform consumers which products meet top safety and quality standards. - United Kingdom/Ireland: **Product of the Year**, awarded for Tri-Blend Select in the nutrition supplement category. The award is driven by consumer votes. - Vietnam: **Golden Product of Public Health Award**, awarded by the Vietnam Association of Functional Food. Sixteen Herbalife Nutrition products were recognized for their quality, safety and effectiveness. - Belgium: **Product of the Year**, awarded for Collagen Skin Booster and Formula 1 Smooth Chocolate flavor. The award is driven by consumer votes. For more information about recent awards, please visit [IAmHerbalifeNutrition.com](https://c212.net/c/link/?t=0&l=en&o=3425693-1&h=1861895455&u=https%3A%2F%2Fiamherbalifenutrition.com%2F%3Fs%3Dawards&a=IAmHerbalifeNutrition.com). **About Herbalife Nutrition Ltd. **Herbalife Nutrition (NYSE: HLF) is a global company that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Through the Company's global campaign to eradicate hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world. \begin{table}{|c|} \hline 1 Source Euromonitor International Limited; Per Consumer Health 2022ed, Health Shake as per sports protein powder, sports protein RTDs, meal replacement, supplement nutrition drinks and protein supplements, combined % RSP share GBO, 2021 data.2 Source Euromonitor International Limited; Per Consumer Health 2022ed, Active and lifestyle nutrition defined as weight management and wellbeing, sports nutrition, and vitamins and dietary supplements definitions; combined % RSP share GBO, 2021 data.3 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.4 Source Euromonitor International Limited; Per Consumer Health 2022ed, Weight management and wellbeing category definition; % RSP share GBO, 2021 data.5 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement category definition; % RSP share GBO, 2021 data.6 Source Euromonitor International Limited; Per Consumer Health 2022ed, Meal replacement and protein supplements definitions; combined % RSP share GBO, 2021 data. \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=LA43853&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html](https://www.prnewswire.com/news-releases/euromonitor-international-ltd-ranks-herbalife-nutrition-worlds-1-health-shake-and-top-brand-across-six-health-categories-301470309.html) SOURCE Herbalife Nutrition (NYSE: HLF)
Date: 2022-01-29
Title: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks
Article: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This "steepening" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Broader Industry Information:
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Health Care Sector Update for 01/28/2022: PRVB,PODD,IMAB,NVAX
Article: Health care stocks continued to strengthen this afternoon, with the NYSE Health Care Index rising 0.7% and the SPDR Health Care Select Sector ETF (XLV) up 1.2%. The Nasdaq Biotechnology index was climbing 1.8% in late trade. In company news, Provention Bio ([PRVB](https://www.nasdaq.com/market-activity/stocks/PRVB))) jumped more than 20% after the biopharmaceuticals company overnight said it plans to resubmit the biologics license application for its teplizumab B drug candidate after agreeing to adjust the 14-day regimen for the treatment it developed to slow the onset of type 1 diabetes in at-risk individuals following recent discussions with the agency. The drug has been on hold since the FDA questioned whether teplizumab B was comparable to the product used during earlier clinical trials. Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose over 16% after the medical device company was cleared by the US Food and Drug Administration to begin the sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring system and a smartphone app to automatically adjust insulin levels and help protect patients against highs or lows. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed 12% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 5.7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts.
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Weave Surpasses $1B in Payments Processed
Article: Text-to-pay, wireless terminals and card on file features make collecting customer payments easier for small businesses LEHI, Utah--(BUSINESS WIRE)-- Weave (NYSE: WEAVE), the all-in-one customer communication platform for small business, today announced the company has surpassed $1 billion in payments processed through Weave Payments. With recent enhancements to its payments offerings, this milestone is significant as Weave continues on its mission of becoming an essential software for small businesses.Weave Payments is the full payment processing solution that offers multiple contactless payment options, including in-office payments, mobile card payments, manual card entry, and Text To Pay, an innovative feature that allows customers to pay instantly from a mobile device. With Weave’s easy-to-use Payments dashboard, customers can quickly see which bills are outstanding, which have been paid, which have been refunded, and which need to be recorded.“Communication serves as the foundation of everything a small business does,” said Roy Banks, Chief Executive Officer of Weave. “It’s our job to help our customers deliver seamless and convenient interactions with their customers, everything from the first interaction through payments. We’ve received an overwhelmingly positive response from our customers about our ability to integrate payment processing within existing communications channels. This milestone signifies the importance of effective communication in managing customer interactions and we are focused on growing payments across our customer base.”Weave has been growing its payments offering since it launched in 2020, most recently adding wireless terminals and the ability to store customers’ preferred payment methods in the last quarter of 2021.“My favorite feature of Weave, hands down, is Text To Pay,” said Weave customer Valarie Caulfield, Office Manager at Sodorff & Wilson Family Dentistry. “80% of our patients are paying within 24 hours.”To learn more about Weave’s unified customer communications and engagement platform, visit [getweave.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.getweave.com%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=getweave.com&index=1&md5=5f26d605086aabbf381c5aa60afb0e4c). **About Weave** Weave is the all-in-one customer communications and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and was certified as a Great Place to Work. To learn more, visit [www.getweave.com/newsroom/](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.getweave.com%2Fnewsroom%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=www.getweave.com%2Fnewsroom%2F&index=2&md5=3094f9fec192fc8647d370d50f699123)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005079r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005079/en/](https://www.businesswire.com/news/home/20220128005079/en/) Kali Geldis Director of Communications, Weave [[email protected]](mailto:[email protected]) Source: Weave
Date: 2022-01-28
Title: 36 of the Best Ideas Companies to Present at the 2nd Annual Winter Wonderland Virtual Investor Conference on February 8th - 11th, 2022
Article: **RALEIGH, NC / ACCESSWIRE / January 28, 2022 /**The Winter Wonderland Best Ideas Virtual Investor Conference will take place on February 8th - 11th, 2022, where 36 SmallCap, MicroCap and NanoCap public companies will be presenting via virtual webcast to a global investor audience.The virtual conference begins on Tuesday, February 8th, 2022, with company presentations beginning at 8:30 am Eastern Time. Presentations will be webcast on Tuesday and Wednesday (February 8th and 9th) with 1x1 Meetings being held on Thursday and Friday (February 10th and 11th).Join us for a full two days of presentations that were nominated by qualified investors as a "Best Idea." A preliminary agenda is located here: [https://microcaprodeo.com/agenda](https://pr.report/mpH9-vND) If you would like to attend and participate in the 2nd Annual Winter Wonderland Best Ideas Virtual Conference, please register here to listen to every webcast directly on the website and book 1x1 meetings with presenting companies: [https://microcaprodeo.com/signup](https://pr.report/NC6FEne0) Full event website: [https://microcaprodeo.com/](https://pr.report/-DpdcrWn) On Tuesday February 8th and Wednesday February 9th, the following issuers will be presenting their companies virtually. \begin{table}{|c|c|} \hline Organization & Ticker \\ \hline Achieve Life Sciences & ACHV \\ \hline AgriFORCE Growing Systems Ltd. & AGRI \\ \hline Alimera Sciences & ALIM \\ \hline Aspira Women's Health & AWH \\ \hline Assertio Holdings, Inc. & ASRT \\ \hline Biolase & BIOL \\ \hline Charah Solutions & CHRA \\ \hline Data Storage Corporation & DTST \\ \hline Duos Technologies, Inc. & DUOT \\ \hline Fortress Biotech & FBIO \\ \hline Genasys Inc. & GNSS \\ \hline Greenbox POS & GBOX \\ \hline iCAD & ICAD \\ \hline Issuer Direct Corporation & ISDR \\ \hline LifeMD, Inc, & LFMD \\ \hline Medexus Pharmaceuticals, Inc. & TSXV: MDP, OTCQX: MEDXF \\ \hline Milestone Scientific & MLSS \\ \hline Nanalysis Scientific Corp. & NSCI \\ \hline NeuroOne Medical Technologies Corp. & NMTC \\ \hline Nova Leap Health Corp. & NLH.V \\ \hline Opera & OPRA \\ \hline ProPhase Labs, Inc. & PRPH \\ \hline PyroGenesis Canada Inc & TSX:PYR, NASDAQ:PYR \\ \hline Red Cat Propware Inc & \\ \hline Senstar & SNT \\ \hline Stran & Company, Inc. & STRN \\ \hline Tego Cyber Inc. & TGCB \\ \hline TETRA Technologies & TTI \\ \hline Trust Stamp & IDAI \\ \hline Vicinity Motor Corp. & NASDAQ:VEV \\ \hline \end{table} Please contact Angie Wright via [email](mailto:[email protected]) or at 919-228-6240 if you are interested in attending or simply register here and then select companies you are interested in meeting with in a 1x1 setting.We look forward to seeing you at the conference. **About the MicroCap Rodeo Best Ideas Conferences** The MicroCap Rodeo is back with its fourth "Best Ideas" conference. This conference is a virtual conference that brings you the top 36 best ideas. Qualified institutional investors recommended each of the 36 companies represented as one of their best ideas. Those of you who attended the 2019 MicroCap Rodeo in Austin, Texas, know that we're focused on alpha. **SOURCE:**MicroCap RodeoView source version on [accesswire.com](http://accesswire.com/): [https://www.accesswire.com/685976/36-of-the-Best-Ideas-Companies-to-Present-at-the-2nd-Annual-Winter-Wonderland-Virtual-Investor-Conference-on-February-8th--11th-2022](https://www.accesswire.com/685976/36-of-the-Best-Ideas-Companies-to-Present-at-the-2nd-Annual-Winter-Wonderland-Virtual-Investor-Conference-on-February-8th--11th-2022)
Broader Sector Information:
Date: 2022-01-28
Title: After Hours Most Active for Jan 28, 2022 : QQQ, AAPL, FIXX, PACB, EDAP, MSFT, T, BAC, XOM, BHP, HAL, BTU
Article: The [NASDAQ 100 After Hours Indicator](https://www.nasdaq.com/market-activity/after-hours) is down -13.84 to 14,440.77. The total After hours volume is currently 75,009,434 shares traded.The following are the [most active stocks for the after hours session](https://www.nasdaq.com/market-activity/after-hours): Invesco QQQ Trust, Series 1 ([QQQ](http://www.nasdaq.com/market-activity/funds-and-etfs/QQQ))) is -0.23 at $351.57, with 3,265,435 shares traded. This represents a 18.19% increase from its 52 Week Low. Apple Inc. ([AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL))) is -0.32 at $170.01, with 3,106,348 shares traded. As reported by Zacks, the current mean recommendation for [AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL) is in the "buy range".Homology Medicines, Inc. ([FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX))) is +0.01 at $3.15, with 2,369,193 shares traded. As reported in the last short interest update the days to cover for [FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX) is 11.690169; this calculation is based on the average trading volume of the stock.Pacific Biosciences of California, Inc. ([PACB](http://www.nasdaq.com/market-activity/stocks/PACB))) is -0.07 at $9.99, with 2,039,518 shares traded. [PACB's](http://www.nasdaq.com/market-activity/stocks/PACB) current last sale is 29.38% of the target price of $34.EDAP TMS S.A. ([EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP))) is unchanged at $6.84, with 1,831,848 shares traded. As reported by Zacks, the current mean recommendation for [EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP) is in the "strong buy range".Microsoft Corporation ([MSFT](http://www.nasdaq.com/market-activity/stocks/MSFT))) is -0.26 at $308.00, with 1,417,846 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $2.18. [MSFT's](http://www.nasdaq.com/market-activity/stocks/MSFT) current last sale is 84.85% of the target price of $363.AT&T Inc. ([T](http://www.nasdaq.com/market-activity/stocks/T))) is -0.01 at $25.20, with 1,331,267 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.8. [T's](http://www.nasdaq.com/market-activity/stocks/T) current last sale is 84% of the target price of $30.Bank of America Corporation ([BAC](http://www.nasdaq.com/market-activity/stocks/BAC))) is -0.08 at $45.79, with 1,089,959 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for [BAC](http://www.nasdaq.com/market-activity/stocks/BAC) is in the "buy range".Exxon Mobil Corporation ([XOM](http://www.nasdaq.com/market-activity/stocks/XOM))) is -0.01 at $75.27, with 953,036 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2021. The consensus EPS forecast is $1.96. [XOM](http://www.nasdaq.com/market-activity/stocks/XOM) is scheduled to provide an earnings report on 2/1/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is 1.96 per share, which represents a 3 percent increase over the EPS one Year Ago BHP Group Limited ([BHP](http://www.nasdaq.com/market-activity/stocks/BHP))) is unchanged at $64.17, with 952,320 shares traded. [BHP's](http://www.nasdaq.com/market-activity/stocks/BHP) current last sale is 87.9% of the target price of $73.Halliburton Company ([HAL](http://www.nasdaq.com/market-activity/stocks/HAL))) is -0.16 at $31.20, with 931,947 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.34. As reported by Zacks, the current mean recommendation for [HAL](http://www.nasdaq.com/market-activity/stocks/HAL) is in the "buy range".Peabody Energy Corporation ([BTU](http://www.nasdaq.com/market-activity/stocks/BTU))) is -0.08 at $11.15, with 926,925 shares traded. As reported by Zacks, the current mean recommendation for [BTU](http://www.nasdaq.com/market-activity/stocks/BTU) is in the "buy range".
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: AVXL, LMND, AMAT
Article: Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Anavex Life Sciences Corp (Symbol: AVXL), where a total of 5,374 contracts have traded so far, representing approximately 537,400 underlying shares. That amounts to about 50.1% of AVXL's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the [$8 strike put option expiring January 28, 2022](https://www.stockoptionschannel.com/symbol/?symbol=AVXL&month=20220128&type=put&contract=8.00), with 1,100 contracts trading so far today, representing approximately 110,000 underlying shares of AVXL. Below is a chart showing AVXL's trailing twelve month trading history, with the $8 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Lemonade Inc (Symbol: LMND) options are showing a volume of 12,973 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 49.8% of LMND's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$50 strike call option expiring September 16, 2022](https://www.stockoptionschannel.com/symbol/?symbol=LMND&month=20220916&type=call&contract=50.00), with 1,757 contracts trading so far today, representing approximately 175,700 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $50 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Applied Materials, Inc. (Symbol: AMAT) options are showing a volume of 47,114 contracts thus far today. That number of contracts represents approximately 4.7 million underlying shares, working out to a sizeable 49.7% of AMAT's average daily trading volume over the past month, of 9.5 million shares. Particularly high volume was seen for the [$130 strike put option expiring May 20, 2022](https://www.stockoptionschannel.com/symbol/?symbol=AMAT&month=20220520&type=put&contract=130.00), with 3,398 contracts trading so far today, representing approximately 339,800 underlying shares of AMAT. Below is a chart showing AMAT's trailing twelve month trading history, with the $130 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [AVXL options](https://www.stockoptionschannel.com/symbol/avxl/), [LMND options](https://www.stockoptionschannel.com/symbol/lmnd/), or [AMAT options](https://www.stockoptionschannel.com/symbol/amat/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: SSR Mining Reports Fatal Vehicle Accident Near Puna
Article: DENVER, Jan. 28, 2022 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") regrets to report a fatal vehicle accident involving an employee of the Company. The accident occurred on a public road 20 kilometers southeast of the Chinchillas mine site in Jujuy Province, Argentina at approximately 5:30 p.m. local time on January 26th, 2022. The accident involved a vehicle contracted to transport mine personnel. Three additional occupants were rescued by local police, including two SSR Mining team members who have returned home while the vehicle's driver is being cared for at the mine. Local police have started their investigation into the incident. "We are saddened by the loss of one of our employees in this tragic event near the Puna mine. On behalf of SSR Mining, we extend our most sincere condolences to the individual's family, friends, and colleagues," said Rod Antal, President & CEO of SSR Mining. SSR Mining is working to ensure the families of the those impacted in this tragic accident will receive the necessary support and assistance during this difficult time. SSR Mining will also provide support and counselling to assist employees and contractors at the Puna mine. Operations at Puna have been temporarily paused. **About SSR Mining** SSR Mining Inc. is a leading, free cash flow focused intermediate gold company with four producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru, and Canada. In 2020, the four operating assets produced approximately 711,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX. **SSRMining Contacts** F. EdwardFarid, Executive Vice President, Chief Corporate Development OfficerAlexHunchak, Director, Corporate Development and Investor Relations SSRMining Inc.E-Mail: [[email protected]](mailto:[email protected]) Phone: +1 (416) 306-5789 To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at [www.ssrmining.com](https://c212.net/c/link/?t=0&l=en&o=3426983-1&h=2211861713&u=http%3A%2F%2Fwww.ssrmining.com%2F&a=www.ssrmining.com). [Cision](https://c212.net/c/img/favicon.png?sn=TO45224&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html](https://www.prnewswire.com/news-releases/ssr-mining-reports-fatal-vehicle-accident-near-puna-301470390.html) SOURCE SSR Mining Inc.
Date: 2022-01-28
Title: Relay Therapeutics Inc Shares Near 52-Week Low - Market Mover
Article: Relay Therapeutics Inc ([RLAY](https://kwhen.com/finance/profiles/RLAY/summary))) shares closed today at 1.1% above its 52 week low of $20.16, giving the company a market cap of $2B. The stock is currently down 33.6% year-to-date, down 63.3% over the past 12 months, and down 41.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 51.6% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 677.4% - The company's stock price performance over the past 12 months lags the peer average by 343.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Weave Surpasses $1B in Payments Processed
Article: Text-to-pay, wireless terminals and card on file features make collecting customer payments easier for small businesses LEHI, Utah--(BUSINESS WIRE)-- Weave (NYSE: WEAVE), the all-in-one customer communication platform for small business, today announced the company has surpassed $1 billion in payments processed through Weave Payments. With recent enhancements to its payments offerings, this milestone is significant as Weave continues on its mission of becoming an essential software for small businesses.Weave Payments is the full payment processing solution that offers multiple contactless payment options, including in-office payments, mobile card payments, manual card entry, and Text To Pay, an innovative feature that allows customers to pay instantly from a mobile device. With Weave’s easy-to-use Payments dashboard, customers can quickly see which bills are outstanding, which have been paid, which have been refunded, and which need to be recorded.“Communication serves as the foundation of everything a small business does,” said Roy Banks, Chief Executive Officer of Weave. “It’s our job to help our customers deliver seamless and convenient interactions with their customers, everything from the first interaction through payments. We’ve received an overwhelmingly positive response from our customers about our ability to integrate payment processing within existing communications channels. This milestone signifies the importance of effective communication in managing customer interactions and we are focused on growing payments across our customer base.”Weave has been growing its payments offering since it launched in 2020, most recently adding wireless terminals and the ability to store customers’ preferred payment methods in the last quarter of 2021.“My favorite feature of Weave, hands down, is Text To Pay,” said Weave customer Valarie Caulfield, Office Manager at Sodorff & Wilson Family Dentistry. “80% of our patients are paying within 24 hours.”To learn more about Weave’s unified customer communications and engagement platform, visit [getweave.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.getweave.com%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=getweave.com&index=1&md5=5f26d605086aabbf381c5aa60afb0e4c). **About Weave** Weave is the all-in-one customer communications and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and was certified as a Great Place to Work. To learn more, visit [www.getweave.com/newsroom/](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.getweave.com%2Fnewsroom%2F&esheet=52570296&newsitemid=20220128005079&lan=en-US&anchor=www.getweave.com%2Fnewsroom%2F&index=2&md5=3094f9fec192fc8647d370d50f699123)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005079r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005079/en/](https://www.businesswire.com/news/home/20220128005079/en/) Kali Geldis Director of Communications, Weave [[email protected]](mailto:[email protected]) Source: Weave
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: AMC
Security: AMC Entertainment Holdings, Inc.
Related Stocks/Topics: Stocks|OBNNF|LGVN|GLSI
Title: 3 Stocks Insiders Are Buying on Market Turbulence
Type: News
Publication: InvestorPlace
Publication Author: Thomas Yeung
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, [subscribe to his mailing list here](https://signup.investorplace.com/?cid=MKT549998&eid=MKT550211&encryptedSnaid=&snaid=&step=start&_ga=2.10935796.1356178618.1631548216-1520211273.1616522011). **Markets Go Up, Sentiment Not Following** [The word ](https://investorplace.com/wp-content/uploads/2022/01/insider-buying-300x169.jpg) Source: ShutterstockAdmittedly, I’ve recently sounded like reruns of Seinfeld, a TV series that famously aimed to be “a show about nothing.” Everything we’ve covered this week, from electric vehicles (Volcon, Polaris) to crypto (Hive, Polygon) have come to the same conclusion:These are great long-run buys, but the timing is wrong.There are, however, some stocks where the timing is perfect. So rather than leave you with no soup this week, here are three Moonshot stocks where even insiders have decided that the time is right to get in.Source: Catalyst Labs / Shutterstock.com** The 3 Stocks Insiders are Scooping Up** Regular Moonshot readers will know I’ve been bearish about cryptos and other momentum-driven investments since last November. When Federal Reserve Chairman Jerome Powell uses his megaphone to yell “I’m raising interest rates soon,” it’s probably a good idea to stop and listen. Taking away the $5.4 trillion stimulus package will certainly leave a large crater.Yet the Fed’s hawkishness has caught investors by surprise. Bitcoin has dropped almost 50% below its all-time highs, and debt-laden companies like **AMC Entertainment** (NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) are starting to sweat about refinancing their loans. Even I’ve been surprised by the magnitude of the market’s reaction. There are, however, two kinds of stocks to buy during downturns. - **Deep Value.** Profitable companies with valuable assets have an “intrinsic value” that gives them a floor price. If your company owns $50 million of land and has zero debt, then any market valuation below $50 means you’re getting a company for free. - **Biotech Bets.** Clinical trials keep moving forward, during good times and bad. And whether a drug proves effective is independent of what the economy looks like. Today, we’re going to take a look at three stars that my [Insider Track](https://click.exct.investorplace.com/?qs=c03f5054598042f5f874193884e53e00d4b91b5ef5f0d484261ddda6445a29dd727a7748537dba8a8cfeef4224288b3c71dc3d4d3a87fffa) strategy has identified this week. **3 Stocks Insiders are Scooping Up: Osisko Mining ([OBNNF](https://www.nasdaq.com/market-activity/stocks/OBNNF)))**In October, I wrote about **Osisko Mining**(OTCMKTS: [OBNNF](https://investorplace.com/stock-quotes/obnnf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), a Canadian firm where insiders were purchasing large amounts of stock.“Purchases by executives at mining exploration firm Osisko Mining suggest a literal gold mine discovery.” — Moonshot Investor, October 5The assessment proved correct. A month later, the company announced a massive gold discovery. “And just like clockwork, OBNFF announced they had struck gold. Drill holes at its appropriately-named Osisko Windfall site revealed gold deposits of up to 40 times greater than required for profitable mining.“That’s giving investors a second chance to buy OBNFF. Not only did Osisko strike gold, but the deposits could enrich the firm more than outsiders imagine.” — Moonshot Investor, November 12At first, shares only rose 15% to $2.10, giving Moonshot readers investors a chance to jump in. But since then, OBNNF has continued to march up to $3.40, a 64% return. Latecomers might feel as if they’ve missed the boat……Until now.In the past week, filings reported that insiders had bought another round of shares. - **CEO**: Bought 165,000 CAD - **Director:** Bought 38,600 CAD - **VP Finance:** Bought 15,000 CAD These purchases suggest that the firm has found even greater value in its exploratory mines. And that makes sense. The huge scale of geological formations mean a major discovery in one dig site can lead to similar findings in nearby locations. And since mining experts often know more about their sites than official announcements let on, OBNNF is a bet I’m still willing to make. **Entera Bio (ENTX)**Last November, I introduced **Longeveron** (NASDAQ: [LGVN](https://investorplace.com/stock-quotes/lgvn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), a biotech firm developing therapies for aging-related illnesses. Insiders were buying up shares, and the firm was clearly in talks with the FDA for regulatory approval.“Lomecel-B — the firm’s leading drug candidate — is particularly interesting because it’s been proven in similar anti-aging trials.“With insiders buying in between the $3.30 and $3.80 range, regular investors might want to scoop up a couple of shares too before official Phase 1 results are announced; LGVN executives are acting as if they know something that we don’t.” — Moonshot Investor, November 1The rest is history. Shares jumped 1,100% to $45 after the company announced a surprise approval for Lomecel-B in infant heart conditions. And though prices have since cooled off, LGVN is still up in a big way. Now, another biotech finds itself in a similar situation:Entera Bio.In the past week, multiple insiders have bought shares: - **CEO:** Bought $28,500 - **CFO:** Bought $24,300 - **President of R&D:** Bought $25,000 - **Directors:** bought $35,000 And delving into Entera’s pipeline, it becomes clear why insiders are so bullish.Earlier this year, the firm met with FDA officials about approval for its EB613 osteoporosis drug. The result: a 12-month study on bone density alone would be sufficient for phase-3 tests. No fracture studies are necessary.For those who understand clinical trials, that’s game-changing news. Phase-3 trials can often take three years or more and require multiple endpoints. EB613’s low bar essentially means the FDA is fast-tracking the drug because the public needs it so badly.Shares of Entera initially jumped 19% to $3.85, leaving less upside for Moonshot investors.But since then, market wobbles have sent shares plummeting 40% to $2.30. Insiders have taken that as a “buy now” sign. And if you’re looking for a second round of Longeveron, then Entera Bio is as close as you can get. **Greenwich LifeSciences ([GLSI](https://www.nasdaq.com/market-activity/stocks/GLSI)))**Finally, the **Insider Track** strategy has picked out **Greenwich LifeSciences**(NASDAQ: [GLSI](https://investorplace.com/stock-quotes/glsi-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) as a stock to buy. - **CEO:** Bought $20,000 - **VP Clinical Affairs:** Bought $30,000 - **CMO:** Bought $20,000 - **Directors:** Bought $10,000 First, the bad news. From a technological standpoint, GLSI looks much like any other oncology firm. The company is focused on a highly competitive and lucrative segment (breast cancer) and its FLAMINGO-01 phase-3 trials are underway.In other words, GLSI’s pipeline makes it look like a typical biotech Moonshot: it’s either going to a billion dollars or going bust. And it all depends on the results of a single clinical trial.But here’s the good news. Look under the financial hood, and Greenwich LifeSciences is nothing like its peers. Earlier this week, the firm announced a share repurchase program that also extended the company’s share lock-up period until March 2023. Taken together with insider purchasing, this can only mean one thing:Insiders believe GLSI shares are too cheap.Companies typically only buy back shares when management believes that shares are undervalued (overvalued companies usually do the opposite and issue new shares instead). And because insiders are also purchasing shares to bolster their 30-month locked up ones, it’s a strong signal that insiders believe that FLAMINGO-01’s positive phase-2 results will also bear fruit in phase-3.That makes GLSI a stock worth considering. At $18, the company is already 74% off its peak. And with a large addressable market, any win will surely send shares up 5x or more. ****AMC Entertainment Continues to Stumble****Despite Reddit and Twitter’s best efforts, shares of AMC Entertainment continue to fall. This week, shares dipped to $16, a level not seen since last May.Perhaps it was obvious this would happen. AMC has been the opposite of an Insider Track buy; CEO Adam Aron has sold every personal share he could, and the firm is now facing the reality of its fading business. Streaming services aren’t going away anytime soon. This week, investors can add one more problem to AMC’s pile:Its high debt load.On Tuesday, news broke that the theater chain was in advanced talks to refinance. The company has more than $5 billion in loans outstanding, but Mr. Aron has repeatedly avoided dealing with the problem.Now that interest rates are rising, time is running out. AMC already pays $400 million a year in interest payments — more than the theater chain has ever earned in any given year. Its high debt load means AMC will owe another $55 million per year for every percent rise in interest rates.AMC Entertainment was already a zombie company before the pandemic hit. Now that Mr. Aron has squandered the opportunity to convert debt into shares, the company is starting to look more like a Shakespearean tragedy than a feel-good comedy. ****The Morality of Insider Buying****I’ve always felt uneasy about executive buying. On one hand, we want business owners to have the freedom to invest. If we owned a biotech firm and had a good feeling about a drug in our pipeline, shouldn’t we be able to act on our insight? But on the other hand, insiders clearly have an advantage over regular investors.“Those crooks,” one reader commented to me in an email. “How do they get away with it?”There is one consolation prize: all insiders must report trades if they’re an officer. And even though that misses a massive portion of executives trading stocks in other companies, it’s at least enough to give us a leg up in the wild world of Moonshot investing.P.S. Do you want to hear more about cryptocurrencies? Penny stocks? Options? Leave me a note at [[email protected]](mailto:[email protected]) or connect with me on [LinkedIn](https://click.exct.investorplace.com/?qs=c03f5054598042f519631b54df072ca471a980efe28ca8851d82513e4c2fdfd6892251dbc559f648759e453bba0f7963d79fcf58e6ade526) and let me know what you’d like to see. ****FREE REPORT: 17 Reddit Penny Stocks to Buy Now****Thomas Yeung is an expert when it comes to finding fast-paced growth opportunities on Reddit. He recommended Dogecoin before it skyrocketed over 8,000%, Ripple before it flew up more than 480% and Cardano before it soared 460%. Now, in a new report, he’s naming 17 of his favorite Reddit penny stocks. [Claim your FREE COPY here!](https://signup.investorplace.com/?cid=MKT547136&eid=MKT551710&encryptedSnaid=&snaid=&step=start) On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing.The post [3 Stocks Insiders Are Buying on Market Turbulence](https://investorplace.com/2022/01/3-stocks-insiders-are-buying-on-market-turbulence/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 15.9455
Stock Price 2 days before: 15.943
Stock Price 1 day before: 14.5878
Stock Price at release: 14.5698
Risk-Free Rate at release: 0.0004
| 17.3357 |
Broader Economic Information:
Date: 2022-01-28
Title: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?
Article: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: 7 Top Stocks With 10X Potential in 2022 For Your Portfolio
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Last year, [growth stocks](https://investorplace.com/2021/12/7-of-the-best-growth-stocks-to-buy-for-2022/?utm_source=Nasdaq&utm_medium=referral) performed significantly better than value stocks. The [markets have been volatile lately](https://www.cnbc.com/2022/01/19/stock-market-futures-open-to-close-news.html), but it seems like the trend is starting to favor value stocks. Recent data suggests that this change in momentum will accelerate over time. It is becoming more difficult to pick out top stocks for the new year in this environment. Investors are human and have biases. Some people like paying healthy dividends, while others may be growth-oriented, seeking rapidly expanding companies with potential for high returns on investment.Growth stocks offer a greater potential for future return, but they also carry an equal amount of risk. The main concern with these investments is that the growth you’ve seen won’t continue into your future — which means it’s important not only to consider what has happened so far when investing in them but how likely this company will be successful long-term too.The recent rise in borrowing costs has caused many investors to reevaluate their portfolios. This is especially true for those who trade on Wall Street, where the pressure isn’t thanks solely to material concerns about our economy or fears surrounding Covid-19 variants. Instead, many traders are convinced [the Federal Reserve is about to hike interest rates](https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15/) to combat inflation. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) That is leading to a sharp sell-off in growth stocks. Many of these companies are excellent prospects. Hence, it is the ideal time to invest in high-growth top stocks. They are down for now. But it is only a matter of time before they make their inevitable comeback. - **Nextdoor** (NYSE: [KIND](https://investorplace.com/stock-quotes/kind-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McDonald’s** (NYSE: [MCD](https://investorplace.com/stock-quotes/mcd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Caterpillar**(NYSE: [CAT](https://investorplace.com/stock-quotes/cat-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Park Hotels & Resorts** (NYSE: [PK](https://investorplace.com/stock-quotes/pk-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Salesforce** (NYSE: [CRM](https://investorplace.com/stock-quotes/crm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Beyond Meat** (NASDAQ: [BYND](https://investorplace.com/stock-quotes/bynd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Top Stocks: Nextdoor ([KIND](https://www.nasdaq.com/market-activity/stocks/KIND)))** [Image of the Nextdoor (<a href=](https://investorplace.com/wp-content/uploads/2021/11/kind-stock-1-300x169.jpg) KIND) app on an iPhone." width="300" height="169">Source: Tada Images / Shutterstock.comNextdoor is the herald for a new generation of neighborhood connectivity, [with 33 million active members across America](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/). The company went public through a [special purpose acquisition company (SPAC)](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) merger in 2021 and has seen unprecedented success ever since.Over the last decade, social media has permeated all our lives. There would be a few areas left where we do not see its impact. The relationship between social media and depression has been a topic of great debate. Some say that the use increases feelings such as loneliness, while others claim it makes people feel less isolated in their daily lives because they can share experiences online.Nextdoor is an interesting company looking to change the dynamic of how we use social media. It is an app that connects people in real-life neighborhoods with one another. The company provides private online networks for continued communication and updates about what’s happening near your house, helping build stronger communities. It’s a fast-growing company, expanding both locally and internationally.The third quarter [saw a 66% increase in revenue to $52.7 million](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/), and the average revenue per user increased 38% year over year to $1.61, with the majority of that increase coming from new users; the number of weekly active users (WAU) reached new heights this past quarter with a 20% year-over-year increase to 33 million. Like many social networks, Nextdoor deals with the same problems that plague platforms when they become huge. But now its position as one such service means it has more responsibility than ever before. However, with an experienced hand like [CEO Sarah Friar](https://www.linkedin.com/in/sarah-friar-922b044) at the helm, there is little cause for concern. Friar’s impressive resume includes six years as the CFO of Square and a stint as an analyst at Goldman Sachs. **McDonald’s Corp. ([MCD](https://www.nasdaq.com/market-activity/stocks/MCD)))** [MCD Stock: a McDonald's sign and logo on the side of a building](https://investorplace.com/wp-content/uploads/2019/09/mcd-stock-1600-6-300x169.jpg) Source: 8th.creator / Shutterstock.comMcDonald’s is a huge, global corporation that has been around for decades, and it still thrives today. It serves as an inspiration to many people worldwide because of its success. As such, it is perhaps one of the safest stocks out there, with consistent growth and dividend income. The global giant that is McDonald’s has [35,000 locations worldwide](https://hinative.com/es-MX/questions/18212204), and 93% of them are franchisees. This means they receive rent and royalty payments from their stores which insulated this company against any inflationary pressures.That puts McDonald’s in a great position. [The consumer price index increased at a 7% year-on-year pace last month](https://www.cnbc.com/2022/01/12/cpi-december-2021-.html), the largest increase since June 1982. Inflation is a real problem, and it is hitting home hard. Therefore, McDonald’s, traditionally seen as the food for budget-conscious consumers, will continue to thrive in this atmosphere. In an [earnings call](https://www.nasdaq.com/market-activity/earnings) McDonald’s reported a dramatic increase in profits this quarter because their menu prices have gone up while costs remained low. McDonald’s is doing a fine job of offsetting increased labor and commodity costs by raising prices on its menu.The company reported a fiscal third-quarter profit of $2.86 per share, up from last year’s figure of $2.35, and McDonald’s just announced that they are raising their forecast for systemwide sales growth in 2021. [The company’s net sales increased 14% to $6.2 billion in the quarter](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/Business.Q3-2021-results.html), surpassing expectations significantly. This is due largely to worldwide same-store sales growth of 12.7% from the year-ago period. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Despite the impressive performance and strong outlook, the stock was up just 22.1% last year. That means there is plenty of upside here that you can exploit. **Top Stocks: Caterpillar ([CAT](https://www.nasdaq.com/market-activity/stocks/CAT)))** [Image of a yellow construction vehicle with the Caterpillar (<a href=](https://investorplace.com/wp-content/uploads/2019/10/cat-stock-300x169.jpg) CAT) logo on it" width="300" height="169">Source: astudio / Shutterstock.comIn today’s world, few companies can match the size of Caterpillar. The firm is one in a select group to produce both construction and mining equipment on an international scale with operations all over our planet.Caterpillar is expected to have a profitable year, with its earnings and free cash flow projected at an all-time high. This will create significant value for investors due to the global economy whirring back to life. Even in America, things are looking up for Caterpillar. The [$1.2 trillion infrastructure bill](https://investorplace.com/smartmoney/2021/11/the-one-stock-to-buy-after-infrastructure-bill-gets-the-green-light/?utm_source=Nasdaq&utm_medium=referral) signed into law by President Joe Biden on Monday will bring new federal investments and create jobs over five years, touching everything from bridges to broadband internet systems with its promises of improved cities around America. The world’s largest construction equipment manufacturer will, naturally, benefit from these initiatives.In the third quarter of 2021, Caterpillar announced sales and revenues that had [grown by 25% compared with $9.9 billion in 2020](https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html). The revenue increased primarily due to demand for equipment and services at higher end-user levels driving the growth. Third-quarter profits were up significantly from last year, with a whopping $2.66 per share in profit for the quarter compared to just under two dollars back then. In addition, the company bought back $1.4 billion of shares and disbursed dividends totaling $0.6 billion. Shares were up 14.47% last year, with the stock trading at 17.12 times forward price-to-earnings. **Park Hotels & Resorts ([PK](https://www.nasdaq.com/market-activity/stocks/PK)))** [a Park Hotels & Resorts (<a href=](https://investorplace.com/wp-content/uploads/2019/07/PK1600-300x169.jpg) PK) branded destination" width="300" height="169">Source: ShutterstockPark Hotels & Resorts is one of the biggest hotel players, with properties all over America. It specializes in luxury goods and services for travelers at any price, from budget-friendly rates to five-star accommodations. The company was formed as an offshoot of [Hilton Worldwide back in 2017](https://www.pkhotelsandresorts.com/company/about-park). Hilton’s CEO, [Christopher Nassetta](https://www.linkedin.com/in/chrisnassetta), evaluated a corporate spin-off of their $13 billion real estate portfolio. This plan was part of Hilton’s strategy to move towards an “ [asset-light model](https://www.bu.edu/bhr/2021/05/31/asset-light-business-model-strategies-for-hotels-during-the-pandemic/),” which would enable rapid international growth and take advantage of the lack of taxes on REITs or real estate investment trusts — REITs have to [distribute at least 90%](https://www.sec.gov/files/reits.pdf) of their profits as dividends, or else they will lose tax-exempt status.Owing to the nature of the pandemic, it was only natural that the hotel industry would come under fire. Revenues fell sharply in 2020, leading to a substantial loss for the hotel REIT. The situation has improved remarkably in the latest few quarters. Third-quarter highlights include a strong, positive RevPAR number that shows the company is growing steadily and returning to profitability. Funds from operations (FFO) attributable to stockholders for the quarter was $5 million — [a 112.2% improvement from second-quarter numbers](https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2021/11-03-2021-201734881). - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) The hotel REIT focuses squarely on three major markets, [New York City, Chicago, and San Francisco](https://www.costar.com/article/507460491/hotel-industry-recovery-hinges-on-demand-from-business-travelers-groups), to power its comeback further. “I’ve been in New York three times in the last couple of weeks, and the city’s coming back to life, and it’s great to see,” CEO Thomas Baltimore Jr. said in November. Meanwhile, hotel occupancy in Chicago is still high despite the overall slow down. Corporate group bookings at Park’s hotels were about 83% of 2019 levels which amounts to around 168,000 room nights citywide. **Top Stocks: AT&T ([T](https://www.nasdaq.com/market-activity/stocks/T)))** [Sign of AT&T (<a href=](https://investorplace.com/wp-content/uploads/2021/11/shutterstock_1019880574-300x169.png) T) posted in a wooden wall" width="300" height="169">Source: Lester Balajadia / Shutterstock.comAT&T hasn’t gotten the love it deserves in the last year. In an unexpected move, AT&T announced that it plans — into their own company just a few short years after buying [Time Warner Inc for $108 billion](https://arstechnica.com/tech-policy/2021/05/att-to-spin-off-warnermedia-will-try-to-act-like-a-telecom-company-again/). AT&T announced that [they had signed a merger agreement](https://about.att.com/story/2021/warnermedia_discovery.html) with **Discovery** (NASDAQ: [DISCA](https://investorplace.com/stock-quotes/disca-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). The two companies will now share some of their assets as part of this deal and create one “standalone global entertainment company.” As a result of the agreement, [AT&T would receive a cool $43 billion](https://about.att.com/story/2021/warnermedia_discovery.html#:~:text=Under%20the%20terms%20of%20the,representing%2071%25%20of%20the%20new) in the all-stock transaction that it will use to reduce debt and invest in broadband.AT&T plans to spend $24 billion on capital expenditures in 2022. This investment will go toward 5G and fiber broadband networks. That comes as a welcome change because the telecommunications giant could not focus squarely on this space in the last few years. AT&T [plans to cover 200 million people](https://www.cnet.com/tech/mobile/verizon-and-at-ts-c-band-5g-upgrade-from-airports-to-rollouts-the-latest-on-what-you-need-to-know/) with its 5G C-band network by year-end 2023, and they are investing to reach 30 million customer locations this coming 2025.Management cut AT&T’s dividend by half last year, but the company assured investors that it would still pay out an annual distribution. However, following cutting the payout, the company will lose its [Dividend Aristocrats status](https://investorplace.com/2022/01/3-dividend-aristocrats-yielding-over-4/?utm_source=Nasdaq&utm_medium=referral). Hence, many AT&T shareholders are left wondering whether they should keep investing in the stock moving forward. AT&T’s debt load is set to decrease after they shed some of their most lucrative divisions and use the proceeds and the savings from the dividend cut, making them more competitive with **T-Mobile** (NASDAQ: [TMUS](https://investorplace.com/stock-quotes/tmus-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Verizon** (NYSE: [VZ](https://investorplace.com/stock-quotes/vz-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). **Salesforce (CRM)** [A hand with pink painted fingernails holds a Salesforce (CRM) sticker.](https://investorplace.com/wp-content/uploads/2019/07/crm1600-300x169.jpg) Source: Bjorn Bakstad / Shutterstock.com Salesforce offers excellent customer service and helps businesses improve their marketing strategy with its powerful applications. They provide CRM (customer relationship management) services for both individual consumers and small companies and enterprise software. CRM’s software helps businesses organize and handle sales operations while also managing customer relationships.The Salesforce ecosystem and community are growing, which means that CRM functionality is expanding too. One way to increase their acquisition rates is by acquiring new companies within this space as they come along with valuable skillsets or experiences — something else important for reaching scale. Salesforce is a company that provides “ [360-degree view of customer](https://www.scnsoft.com/services/salesforce/demo-customer-profile)” services.It is the perfect alternative to **Adobe** (NASDAQ: [ADBE](https://investorplace.com/stock-quotes/adbe-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Oracle** (NYSE: [ORCL](https://investorplace.com/stock-quotes/orcl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), and **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Salesforce competitors provide various components that make them stand out from the rest and offer an excellent way to manage all aspects of customers’ needs. Salesforce has [made some of the biggest acquisitions in recent years](https://www.salesforce.com/news/stories/salesforce-acquisitions/), including Slack for $27.7 billion, Tableau at $15.7 billion, and Mulesoft for $6.5 billion. The Salesforce empire has always been about more than just CRM. They’ve used their acquisition strategy to integrate innovative technologies into the platform, which benefits every customer with exciting new features and functionality that they can’t get anywhere else. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) However, Salesforce is not doing so well recently. The stock continued its downward spiral following a new omicron coronavirus variant and a tech-specific sell-off in December. But that means a quality business with a wide moat is available at a discount. **Top Stocks: Beyond Meat (BYND)** [bynd stock](https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-3-300x169.jpg) Source: Shutterstock Beyond Meat is a company that produces plant-based substitutes for beef, pork, and poultry. The company aims to help reduce pollution from these industries while also helping people live healthier lives by eating more vegetarian meals themselves or providing them access at affordable prices. Last year, Beyond launched its [new line of chicken in Canadian and U.S restaurants](https://vegnews.com/2021/7/vegan-beyond-meat-chicken-tenders) and grocery stores across North America.Nevertheless, the stock has not done well in the last six months. That is because of sluggish sales and muted forecasts. Beyond is a company that thrives on retail sales. The [segment generates 74%](https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html) of its total revenue, while foodservice accounts for 26%. Analysts believe the key for the company is to produce their product at a lower cost to battle McDonald’s.But the value proposition is there. Millennials and Generation Z believe in a healthier diet. That leads to marketers and businesses honing on any area that could lead to a healthy lifestyle. Beyond Meat will do well in this environment.On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faizan Farooque is a contributing author for [InvestorPlace.com](http://investorplace.com/) and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. You can check out his analysis on InvestorPlace and TipRanks. The post [7 Top Stocks With 10X Potential in 2022 For Your Portfolio](https://investorplace.com/2022/01/7-top-stocks-with-10x-potential-in-2022-kind-mcd-cat-pk-t-crm-bynd/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. 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[](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?
Article: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-29
Title: Churchill Capital Corp VII - Class A Shares Approach 52-Week Low - Market Mover
Article: Churchill Capital Corp VII - Class A ([CVII](https://kwhen.com/finance/profiles/CVII/summary))) shares closed today at 0.8% above its 52 week low of $9.64, giving the company a market cap of $1B. The stock is currently down 1.2% year-to-date, down 1.4% over the past 12 months, and down 1.4% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 89.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 0.1% higher than its 5-day moving average, 0.3% lower than its 20-day moving average, and 0.6% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1793.7% - The company's stock price performance over the past 12 months lags the peer average by 77.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-29
Title: Churchill Capital Corp VII - Class A Shares Approach 52-Week Low - Market Mover
Article: Churchill Capital Corp VII - Class A ([CVII](https://kwhen.com/finance/profiles/CVII/summary))) shares closed today at 0.8% above its 52 week low of $9.64, giving the company a market cap of $1B. The stock is currently down 1.2% year-to-date, down 1.4% over the past 12 months, and down 1.4% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 89.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 0.1% higher than its 5-day moving average, 0.3% lower than its 20-day moving average, and 0.6% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1793.7% - The company's stock price performance over the past 12 months lags the peer average by 77.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Bloomin’ Brands, Inc. to Host Fourth Quarter and Fiscal Year 2021 Earnings Conference Call at 8:15 AM EST on February 18, 2022
Article: TAMPA, Fla.--(BUSINESS WIRE)-- Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter and full year 2021 ended December 26, 2021, on Friday, February 18, 2022, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:15 AM EST the same day.The call will be webcast live from the Company’s website at [http://www.bloominbrands.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bloominbrands.com&esheet=52565658&newsitemid=20220128005001&lan=en-US&anchor=http%3A%2F%2Fwww.bloominbrands.com&index=1&md5=6118fe67289f84cfad2d823a5bd69630) under the Investors section. A replay of this webcast will be available on the Company’s website after the call. **About Bloomin’ Brands, Inc. **Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspired brands: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse and Wine Bar. The Company operates more than 1,450 restaurants in 47 states, Guam and 17 countries, some of which are franchise locations. For more information, please visit [www.bloominbrands.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bloominbrands.com&esheet=52565658&newsitemid=20220128005001&lan=en-US&anchor=www.bloominbrands.com&index=2&md5=b6a5566e88232c9de914181fbe207ab5).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005001r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005001/en/](https://www.businesswire.com/news/home/20220128005001/en/) Bloomin’ Brands, Inc. Mark Graff SVP, Financial Planning and Investor Relations (813) 830-5311 [[email protected]](mailto:[email protected]) Source: Bloomin’ Brands, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: EB
Security: Eventbrite, Inc.
Related Stocks/Topics: Stocks
Title: Eventbrite Inc - Class A Shares Close in on 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-28
Article: Eventbrite Inc - Class A ([EB](https://kwhen.com/finance/profiles/EB/summary))) shares closed today at 0.8% above its 52 week low of $12.80, giving the company a market cap of $983M. The stock is currently down 26.0% year-to-date, down 29.7% over the past 12 months, and down 64.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 46.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 477.1% - The company's stock price performance over the past 12 months lags the peer average by 106.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 13.8288
Stock Price 2 days before: 14.2423
Stock Price 1 day before: 13.713
Stock Price at release: 12.9152
Risk-Free Rate at release: 0.0004
Symbol: CVII
Security: Churchill Capital Corp VII
Related Stocks/Topics: Unknown
Title: Churchill Capital Corp VII - Class A Shares Approach 52-Week Low - Market Mover
Type: News
Publication: Kwhen
Publication Author: Kwhen Finance Editors
Date: 2022-01-29
Article: Churchill Capital Corp VII - Class A ([CVII](https://kwhen.com/finance/profiles/CVII/summary))) shares closed today at 0.8% above its 52 week low of $9.64, giving the company a market cap of $1B. The stock is currently down 1.2% year-to-date, down 1.4% over the past 12 months, and down 1.4% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 89.0% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 0.1% higher than its 5-day moving average, 0.3% lower than its 20-day moving average, and 0.6% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1793.7% - The company's stock price performance over the past 12 months lags the peer average by 77.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Stock Price 4 days before: 8.69027
Stock Price 2 days before: 7.41744
Stock Price 1 day before: 9.80087
Stock Price at release: 1.06568
Risk-Free Rate at release: 0.0004
Symbol: GES
Security: Guess', Inc.
Related Stocks/Topics: Stocks|BYD|CROX|RICK
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Stock Price 4 days before: 20.554
Stock Price 2 days before: 22.1602
Stock Price 1 day before: 21.5884
Stock Price at release: 21.0258
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: DOYU
Security: DouYu International Holdings Limited
Related Stocks/Topics: Stocks|TCEHY|HUYA
Title: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today
Type: News
Publication: InvestorPlace
Publication Author: Samuel O'Brient
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (<a href=](https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-3-300x169.jpg) TCEHY) sign on Tencent headquarters in Shenzhen, China." width="300" height="169">Source: StreetVJ / Shutterstock.com** What’s Happening With DOYU Stock** The announcement of this pending deal sent DOYU stock shooting up this morning. A previously overlooked penny stock, DOYU plunged last Friday, but following today’s gains, it is in the green. Indeed, it slid 4% as markets opened today but was quick to rebound. As of this writing, it is up almost 14% for the day. It’s up by more than 2% for the week and almost 3% for the month. However, DOYU stock was trading at more than $4 per share less than six months ago and is still at only $2.50.Tencent is also rising today, though its pattern has been one of turbulence. As of this writing, it is up 0.18% for the day but remains in the red for the week by just under 1.5%. In 2021, the company faced some regulatory hurdles when its merger with fellow Chinese game producer **Huya** (NYSE:** [HUYA](https://investorplace.com/stock-quotes/huya-stock-quote/?utm_source=Nasdaq&utm_medium=referral)**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 2.27864
Stock Price 2 days before: 2.42099
Stock Price 1 day before: 2.40288
Stock Price at release: 2.08999
Risk-Free Rate at release: 0.0004
| 2.11426 |
Broader Economic Information:
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline
Article: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)
Article: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\ \hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: CryoPort Inc Shares Close in on 52-Week Low - Market Mover
Article: CryoPort Inc ([CYRX](https://kwhen.com/finance/profiles/CYRX/summary))) shares closed today at 0.6% above its 52 week low of $36.13, giving the company a market cap of $1B. The stock is currently down 38.6% year-to-date, down 47.4% over the past 12 months, and up 981.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 7.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 198.2% - The company's stock price performance over the past 12 months lags the peer average by -246.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
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Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline
Article: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)
Date: 2022-01-28
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Broader Sector Information:
Date: 2022-01-29
Title: ChargePoint Holdings Inc - Class A Shares Close the Day 10.5% Higher - Daily Wrap
Article: ChargePoint Holdings Inc - Class A ([CHPT](https://kwhen.com/finance/profiles/CHPT/summary))) shares closed today 10.5% higher than it did at the end of yesterday. The stock is currently down 39.9% year-to-date, down 71.8% over the past 12 months, and up 17.3% over the past five years. Today, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 2.5%. **Trading Activity** - Shares traded as high as $13.54 and as low as $11.21 this week. - Shares closed 70.6% below its 52-week high and 12.8% above its 52-week low. - Trading volume this week was 26.1% higher than the 10-day average and 34.2% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 1.8% higher than its 5-day moving average, 17.4% lower than its 20-day moving average, and 38.4% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 1371.1% - The company's stock price performance over the past 12 months lags the peer average by -4389.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)
Article: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-29
Title: INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral)**Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is rocketing higher on Thursday after announcing plans for drilling projects in 2022. [Pipelines in the desert representing INDO Stock.](https://investorplace.com/wp-content/uploads/2021/02/oil-pipeline-1600-300x169.jpg) Source: bht2000 / Shutterstock.comLet’s dive into that news, as well as what else investors [need to know](https://finance.yahoo.com/news/indonesia-energy-commence-drilling-two-130000999.html) about Indonesia Energy, below! - The big news from the company are plans to commence drilling of two new wells. - These are located at its Kruh Block. - Drilling is expected to start within the next 30 days. - In addition to that, the company intends to start drilling third well at this location before the end of Q2. - The company is naming these wells Kruh 27, Kruh 28, and Kruh 29. - So long as the wells produce oil, the company expects its production to reach 450 barrels per day after the first two’s completion. - Each of the wells will cost $1.5 million to create. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) - Indonesia Energy notes that current agreements have it expecting each well to generate $1.5 million in revenue during their first year. - The Indonesia oil drilling company operates out of Jakarta, Indonesia. - It also has a representative office in Danville, Calif. - Its main assets are the 63,000-acre Kruh Block and the 1 million-acre Citarum Block. - The company’s market capitalization is sitting at $39.634 shares. - Also, it’s seeing heavy trading today with some 28 million shares on the move. - For comparison, the company’s daily average trading volume is closer to 18,000 shares. INDO stock is up 98.9% as of Thursday afternoon.There’s more [stock market news](https://www.nasdaq.com/news-and-insights) for traders to dive into below!InvestorPlace has all the latest [stock news](https://www.nasdaq.com/news-and-insights) that investors need to know about for Thursday. A few examples include what has **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock falling, **Apifiny** planning a SPAC merger, as well as **Tesla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) earnings news. You can find all of that at the following links!**More Stock Market News for Thursday** - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) - [TSLA Stock: 3 Top Takeaways From the Tesla Earnings Event](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/)’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — [How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) The post [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: TRUP
Security: Trupanion, Inc.
Related Stocks/Topics: GOOGL|Markets|AVGO|WPM|GOOG
Title: Got $3,000? 5 Unstoppable Stocks to Buy as the Market Corrects Lower
Type: News
Publication: The Motley Fool
Publication Author: Sean Williams
Date: 2022-01-29
Article: In case you've forgotten, stocks [can go down just as easily as they can rise](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). Since the year began, Wall Street and investors have contended with the steepest corrections in both the tech-heavy **Nasdaq Composite** and broad-based **S&P 500** since 2020.Although the heightened volatility associated with crashes and corrections can be unnerving at times, every notable move lower in the stock market throughout history has represented a buying opportunity for patient investors. Best of all, you don't need a mountain of cash to take advantage of these opportunities as the market corrects lower. If you have $3,000 ready to invest, which won't be needed to pay bills or cover emergencies, this is more than enough to buy into the following five unstoppable stocks. [Stack of hundred dollar bills set atop a declining stock market chart. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fstock-market-chart-correction-crash-pullback-cash-money-invest-getty.jpg&w=700) Image source: Getty Images. **Alphabet** The first unstoppable stock investors can confidently buy as the market heads lower is **Alphabet** [(NASDAQ: GOOG)](https://www.nasdaq.com/market-activity/stocks/goog)[(NASDAQ: GOOGL)](https://www.nasdaq.com/market-activity/stocks/googl), the parent company of internet search engine Google and streaming platform YouTube.Alphabet is arguably [best known for its internet search dominance](https://www.fool.com/investing/2021/07/17/whos-ready-for-stock-market-crash-3-stocks-to-buy/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). In December, it controlled nearly 92% of global search engine market share, and has consistently held between 91% and 93% share of internet search going back two years, according to data from GlobalStats. This complete dominance makes it the go-to for advertisers looking to get their message in front of targeted users. In turn, it gives Google (and therefore, Alphabet) exceptional ad pricing power.But Alphabet's future [relies on more than just being the internet search kingpin](https://www.fool.com/investing/2021/10/16/safest-stocks-to-buy-if-theres-stock-market-crash/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). The company's ancillary segments, like YouTube and cloud infrastructure service division Google Cloud, provide faster growth than internet search advertising, as well as juicier margin potential. YouTube and Cloud grew year-over-year sales by 43% and 45%, respectively, in the September-ended quarter, and they've consistently generated revenue growth of between 40% and 50% over the past two years. Cloud is expected to play a particularly important role in beefing up Alphabet's operating cash flow by mid-decade. Even though Alphabet hasn't retraced as much as other growth stocks, it's already inexpensive at 23 times Wall Street's consensus earnings for 2022. [A gloved processor using scissors to trim a cannabis bud. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fcannabis-bud-trim-cut-process-weed-pot-marijuana-medical-recreational-getty.jpg&w=700) Image source: Getty Images. **Planet 13 Holdings** Another unstoppable stock with the ability to show investors the green is weed company **Planet 13 Holdings** (OTC: PLNH.F).I know what you're probably thinking, and it's true: [Marijuana stocks](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) have been a buzzkill over the past year. The expectation was for the Democrat-led Congress to reform cannabis laws at the federal level, which hasn't happened. Thankfully, multi-state operators like Planet 13 don't require federal legalization to thrive.What makes this company so unique is [its focus on the customer experience](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It only has two operating dispensaries, but both are hard to miss. There's the 112,000-square-foot flagship SuperStore just west of the Las Vegas Strip in Nevada, and the more recently opened Orange County SuperStore in Santa Ana, California, which spans 55,000 square feet. These stores provide unparalleled selection and plenty of cannabis-related nostalgia. Planet 13 is also having success promoting its proprietary brands. For example, sales of Trendi Vapes more than doubled from the prior-year period in the third quarter, with Trendi accounting for 5% of Nevada's total vape sales.With Planet 13 [set to expand to new touristy markets](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e), and the company making a push toward recurring profitability, it's a logical buy in a swooning market. [A person talking to someone on their smartphone while walking on a city street.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fwoman-talk-smartphone-city-wireless-5g-4g-data-voicemail-getty.jpg&w=700) Image source: Getty Images. **Broadcom** Despite tech stocks taking it on the chin during this stock market correction, [semiconductor solutions](https://www.fool.com/investing/stock-market/market-sectors/information-technology/semiconductor-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) provider **Broadcom** [(NASDAQ: AVGO)](https://www.nasdaq.com/market-activity/stocks/avgo) stands out as an unstoppable stock worth buying.Although investors' emotions can whipsaw equity valuations in the short term, it's a company's operating performance that dictates how its shares perform over longer stretches. In this respect, Broadcom has been firing on all cylinders, with a majority of the company's production booked well in advance. One of the biggest growth drivers for Broadcom is the [ongoing rollout of 5G wireless infrastructure](https://www.fool.com/investing/2021/09/23/5-brand-name-stocks-to-buy-if-market-is-tumbling/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It's been a decade since wireless download speeds were significantly improved. This is expected to result in a multiyear upgrade cycle for wireless devices. Most of Broadcom's revenue is derived from next-generation wireless chips and accessories found in smartphones.But like Alphabet, Broadcom is counting on ancillary industries to grow even faster than its core segment. As an example, Broadcom should benefit throughout the decade as demand for access and connectivity chips grows in data centers. We were already seeing businesses steadily shift their data into the cloud prior to the emergence of the coronavirus. What the pandemic has done is kick this trend into high gear, which is good news for Broadcom.Sporting a forward-year price-to-earnings ratio below 15, and having [grown its quarterly dividend by more than 5,700%](https://www.fool.com/investing/2022/01/20/4-perfect-dividend-stock-buy-if-stock-market-crash/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) in 11 years, Broadcom is a no-brainer buy. [A gold bar set atop silver and palladium ingots.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fgold-silver-precious-metals-bars-getty.jpg&w=700) Image source: Getty Images. **Wheaton Precious Metals** Going on defense during a correction can sometimes be the smartest move. That's why [precious metals](https://www.fool.com/investing/stock-market/market-sectors/materials/metal-stocks/precious-metal-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) royalty company **Wheaton Precious Metals** [(NYSE: WPM)](https://www.nasdaq.com/market-activity/stocks/wpm) is an unstoppable stock to buy. It's no secret that when investors are more fearful, they often turn to precious metals like gold as a safe haven to park their money. It just so happens that we're also dealing with a historically low interest rate environment and rapidly rising inflation at the same time. That's a solid recipe for physical gold to outperform, and for silver to benefit from a growing U.S. and global economy.What makes Wheaton Precious Metals such an intriguing buy is the 26 streaming deals the company has set up for everything from gold and silver to copper and cobalt. In exchange for providing upfront capital to develop or expand a mine, Wheaton receives most or all of a specified metal's production at well below cost. In the third quarter, its cash costs per ounce for gold and silver were $464 and $5.06, respectively. This worked out to a cash operating margin of $1,331/oz. for gold and $18.74/oz for silver. Because the company doesn't handle day-to-day mining operations, its profit margin [is among the highest in the industry](https://www.fool.com/investing/2021/06/06/7-reasons-to-dump-dogecoin-and-buy-superior-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e).To build on this point, Wheaton's more than two dozen streaming deals ensure that no one company can upend its performance. This makes it one of the most-hedged precious metal companies in any economic environment. [A veterinarian holding a feisty small dog in their arms.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fveterinarian-dog-clinic-diagnostic-drug-healthcare-pet-insurance-getty.jpg&w=700) Image source: Getty Images. **Trupanion** A fifth unstoppable stock that'd be perfect to buy as the market corrects lower is companion animal health insurance provider **Trupanion** [(NASDAQ: TRUP)](https://www.nasdaq.com/market-activity/stocks/trup). According to data from the American Pet Products Association, 70% of U.S. households own a pet, up from 56% in 1988. What's more, an estimated $109.6 billion was spent on companion animals in the U.S. last year, and it's been more than a quarter of a century since year-over-year spending on pets declined. It doesn't matter how nasty the recession is -- pet owners are always willing to spend on their furry, gilled, scaled, and feathered family members.The interesting thing about Trupanion is that [it's just scratching the surface](https://www.fool.com/investing/2021/11/25/untapped-136-billion-opportunity-can-make-rich/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) with regard to its opportunity. Only around 1% of U.S. companion animals are covered by health insurance. That compares to about 25% in the U.K. If the U.S. were to reach the same penetration rate as the U.K., Trupanion would be staring down a $34 billion addressable market.Even though companion animal health insurance is a competitive space, [Trupanion has clear-cut advantages](https://www.fool.com/investing/2021/08/08/3-special-stocks-turn-25000-to-1-million-25-years/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It's been forging relationships with veterinarians and staff at the clinic level for more than two decades. It also provides point-of-sale software to clinics that can handle payment at the time of service.Trupanion is an industry leader that can sustainably grow sales by 20% or more for the foreseeable future. **10 stocks we like better than Alphabet (A shares)**When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=33e6945b-3369-4df4-927f-bdea1d177b0a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlphabet%2520%2528A%2520shares%2529&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) for investors to buy right now... and Alphabet (A shares) wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=33e6945b-3369-4df4-927f-bdea1d177b0a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlphabet%2520%2528A%2520shares%2529&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e)*Stock Advisor returns as of January 10, 2022 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Planet 13 Holdings Inc., and Trupanion. The Motley Fool recommends Broadcom Ltd. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 92.7123
Stock Price 2 days before: 92.8452
Stock Price 1 day before: 85.5262
Stock Price at release: 88.174
Risk-Free Rate at release: 0.0004
| 89.7696 |
Broader Economic Information:
Date: 2022-01-28
Title: Celanese (CE) Q4 Earnings Miss, Revenues Beat Estimates
Article: **Celanese Corporation** [CE](https://www.nasdaq.com/market-activity/stocks/ce) logged earnings from continuing operations of $4.83 per share in fourth-quarter 2021, down from $12.50 in the year-ago quarter.Barring one-time items, adjusted earnings were $4.91 per share, up from $2.09 in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $5.05. Revenues of $2,275 million increased 43% year over year and beat the Zacks Consensus Estimate of $2,241.5 million. **Celanese Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart)[Celanese Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CE/price-consensus-eps-surprise-chart?icid=chart-CE-price-consensus-eps-surprise-chart) | [Celanese Corporation Quote](https://www.nasdaq.com/market-activity/stocks/ce)******Segment Review** Net sales in the Engineered Materials unit were $707 million in the fourth quarter, up 23.6% year over year. The segment witnessed record net sales in the quarter on the back of pricing increase. Volumes dropped 1% while pricing rose 5% sequentially. The business continued to offset the majority of raw material, energy and logistics cost inflation which led to higher costs of roughly $60 million sequentially.The Acetyl Chain segment posted net sales of $1,476 million, up 62.2% year over year. The segment witnessed a 10% sequential increase in prices and a decline in volume. The business shifted more volume to the Western Hemisphere in the wake of the ongoing moderation in acetic acid and VAM industry pricing in China. Higher pricing in the reported quarter more than offset roughly $60 million in raw material, energy and logistics cost inflation from the previous quarter.Net sales in the Acetate Tow segment were $129 million, down 3.7% year over year. The company witnessed a slight increase in pricing and stable volume in the segment on a sequential-comparison basis. **FY21 Results** Earnings for full-year 2021 were $17.06 per share compared with earnings of $16.85 per share a year ago. Net sales rose around 51% year over year to $8,537 million. **Financials** Celanese ended 2021 with cash and cash equivalents of $536 million, down 43.9% year over year. The long-term debt inched down 1.6% year over year to $3,176 million.Celanese generated an operating cash flow of $1.8 billion and a free cash flow of $1.3 billion in 2021. Capital expenditures amounted to $467 million.The company also returned $1.3 billion to shareholders through dividend payouts and share repurchases during the year. **Outlook** Celanese stated that the early 2022 order book reflects strong demand for its products across most end markets. It continues to monitor the impact of Covid-19 variants on demand conditions. However, the constant inflationary and volatile supply chain environment remains its biggest challenge. It forecasts sequential margin expansion in first-quarter 2022 in its downstream businesses, led by Engineered Materials. The upside will likely offset the anticipated moderation in Acetyl Chain pricing conditions and boost expected first-quarter adjusted earnings of $4.30-$4.60 per share. With a strong start to 2022, the company is optimistic about its ability to achieve adjusted earnings of at least $15.00 per share in 2022, the company noted. **Price Performance** Celanese’s shares have gained 31.1% in the past year against a 6.3% decline of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-specialty-37). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/2e/16809.jpg?v=1168380862) Image Source: Zacks Investment Research** Zacks Rank & Other Key Picks** Celanese currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space are **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb), **Nutrien Ltd.** [NTR](https://www.nasdaq.com/market-activity/stocks/ntr) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix).Albemarle, currently sporting a Zacks Rank #1 (Strong Buy), has an expected earnings growth rate of 51.3% for the current year. The Zacks Consensus Estimate for ALB's earnings for the current year has been revised 5.4% upward in the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 22.1%. ALB has rallied around 26.3% over a year. Nutrien, sporting a Zacks Rank #1, has a projected earnings growth rate of 53.8% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 17.4% upward in the past 60 days.Nutrien beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 73.5%, on average. NTR has rallied around 40.9% in a year.AdvanSix has a projected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s earnings for the current year has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with the average being 46.9%. ASIX has surged 95.3% over a year. ASIX sports a Zacks Rank #1. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Celanese Corporation (CE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Nutrien Ltd. (NTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859117/celanese-ce-q4-earnings-miss-revenues-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859117) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Date: 2022-01-28
Title: Monro Inc Shares Fall 4.3% Below Previous 52-Week Low - Market Mover
Article: Monro Inc ([MNRO](https://kwhen.com/finance/profiles/MNRO/summary))) shares closed 4.3% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 8.5% year-to-date, down 4.6% over the past 12 months, and down 2.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 203.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 11.8% - The company's stock price performance over the past 12 months lags the peer average by -115.0% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 185.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?
Article: While Wabash National Corporation (NYSE:WNC) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the NYSE. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s take a look at Wabash National’s outlook and value based on the most recent financial data to see if the opportunity still exists. **What is Wabash National worth?**The share price seems sensible at the moment according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 29.93x is currently trading slightly above its industry peers’ ratio of 27.26x, which means if you buy Wabash National today, you’d be paying a relatively sensible price for it. And if you believe Wabash National should be trading in this range, then there isn’t really any room for the share price grow beyond the levels of other industry peers over the long-term. So, is there another chance to buy low in the future? Given that Wabash National’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. **Can we expect growth from Wabash National?** [earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/320333-earnings-and-revenue-growth-1-dark/1643386785685) NYSE:WNC Earnings and Revenue Growth January 28th 2022Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Wabash National. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. **What this means for you:** **Are you a shareholder?** It seems like the market has already priced in WNC’s positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at WNC? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio?**Are you a potential investor?** If you’ve been keeping tabs on WNC, now may not be the most optimal time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for WNC, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that Wabash National has [2 warning signs](https://simplywall.st/stocks/us/capital-goods/nyse-wnc/wabash-national?blueprint=1875318&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is potentially serious!) that deserve your attention before going any further with your analysis. If you are no longer interested in Wabash National, you can use our free platform to see our list of over [50 other stocks with a high growth potential.](https://simplywall.st/discover/investing-ideas/3401/large-cap-high-growth-potential?blueprint=1875318&utm_source=nasdaq&utm_medium=finance_user&utm_campaign=integrated-pitch) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMxODoxZjZjZTZkN2NjOGUxOTlm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap
Article: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Best Momentum Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 28th:**ServisFirst Bancshares** [SFBS](https://www.nasdaq.com/market-activity/stocks/sfbs): This bank holding company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. **ServisFirst Bancshares, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart)[ServisFirst Bancshares, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/SFBS/price-consensus-chart?icid=chart-SFBS-price-consensus-chart) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs) ServisFirst Bancshares’ shares gained 3.2% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **ServisFirst Bancshares, Inc. Price** [](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price)[ServisFirst Bancshares, Inc. price](https://www.zacks.com/stock/chart/SFBS/fundamental/price?icid=chart-SFBS-fundamental/price) | [ServisFirst Bancshares, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/sfbs)**Hanmi Financial** [HAFC](https://www.nasdaq.com/market-activity/stocks/hafc): This holding company for Hanmi Bank, one of the leading banks providing services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **Hanmi Financial Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart)[Hanmi Financial Corporation price-consensus-chart](https://www.zacks.com/stock/chart/HAFC/price-consensus-chart?icid=chart-HAFC-price-consensus-chart) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc) Hanmi Financial’s shares gained 19.6% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A. **Hanmi Financial Corporation Price** [](https://www.zacks.com/stock/chart/HAFC/fundamental/price?icid=chart-HAFC-fundamental/price)[Hanmi Financial Corporation price](https://www.zacks.com/stock/chart/HAFC/fundamental/price?icid=chart-HAFC-fundamental/price) | [Hanmi Financial Corporation Quote](https://www.nasdaq.com/market-activity/stocks/hafc)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) KeyCorp’s shares gained 6.1% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A. **KeyCorp Price** [](https://www.zacks.com/stock/chart/KEY/fundamental/price?icid=chart-KEY-fundamental/price)[KeyCorp price](https://www.zacks.com/stock/chart/KEY/fundamental/price?icid=chart-KEY-fundamental/price) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here.](https://www.zacks.com/education/stock-scorecard/momentum-trading)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_267_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Hanmi Financial Corporation (HAFC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HAFC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [ServisFirst Bancshares, Inc. (SFBS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SFBS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858991/best-momentum-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-1858991) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
Date: 2022-01-28
Title: 2 Stocks Under $100 Per Share I'd Buy Right Now Without Any Hesitation
Article: It'd be nice to have hundreds of thousands of dollars handy to start investing in stocks, but it's by no means a requirement. Investing on a budget can be highly profitable, especially if investors pick attractive stocks and regularly add to their positions.In what follows, we'll look at two stocks that are changing hands for well under $100 per share and that look attractive at current levels: **Pfizer** [(NYSE: PFE)](https://www.nasdaq.com/market-activity/stocks/pfe) and **Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc). Here's why these healthcare companies are worth more than a second look. [](https://ycharts.com/companies/PFE/chart/) Data by [YCharts](https://ycharts.com/). **1. Pfizer: $53.26 per share** Pfizer's coronavirus lineup alone will likely generate more sales than most pharmaceutical companies this year. The drugmaker projected that it would rack up about $29 billion from its COVID-19 vaccine, Comirnaty. Meanwhile, Pfizer's newly approved coronavirus medicine, Paxlovid, could generate upward of $10 billion. Here's how we know that. In November, Pfizer agreed to deliver 10 million treatment doses of Paxlovid to the U.S. government for $5.3 billion.That was before it had earned authorization from regulators. And after it got the green light, the U.S. government ordered an additional 10 million doses, and the U.K. obtained 2.5 million doses of the medicine. Based on these facts and figures, and even assuming Pfizer does not send out any additional shipments of Paxlovid, it seems reasonable to assume that the coronavirus treatment will generate something north of $10 billion this year.So, in total, Pfizer's COVID-19 lineup has the potential to rack up more than $39 billion in 2022. For context, the pharma giant generated $41.9 billion in revenue in 2020. [Patient paying for medicines at a pharmacy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-698111400.jpg&w=700) Image source: Getty Images. Pfizer has other non-coronavirus products that have sales growing at a rapid clip, too. During the third quarter, the company's revenue excluding its COVID-19 vaccine was $11.1 billion, increasing by a decent 7% compared to the year-ago period. Pfizer's anticoagulant Eliquis saw its increase soar by 21% year over year to $1.3 billion during the quarter, while cancer medicine Xtandi's revenue clocked in at $309 million, 16% higher than the prior-year quarter.Pfizer's biosimilar business racked up revenue of $576 million, 36% higher than the third quarter of 2020. The drugmaker has faced issues with its rheumatoid arthritis medicine Xeljans as regulators have updated the therapy's prescribing information to include increased risks of cancer and cardiovascular events. That probably played a role in Xeljanz's revenue decrease of 7% year over year to $610 million during the third quarter. But management thinks this medicine could return to growth this year, especially as it [keeps earning new indications](https://www.fool.com/investing/2022/01/03/pfizer-snagged-another-approval-for-this-immunolog/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4).Pfizer isn't just a coronavirus play, and the company is set to report another series of blowout financial results this year. And as Pfizer continues to [generate tons of cash](https://www.fool.com/investing/2022/01/12/3-growth-stocks-that-have-generated-179-billion-in/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4), it will help the company set itself up for the future. Pfizer ended the third quarter with $29.2 billion in free cash flow, which more than doubled compared with the year-ago period.Expect Pfizer to go shopping for exciting pipeline candidates to add to its already long list of programs. The company currently boasts several dozen ongoing clinical trials, many of which will no doubt yield new approvals. Pfizer could also decide to reward investors by way of share buybacks or growing dividends. The company currently offers a yield of 2.95% -- which compares favorably to the **S&P 500**'s 1.27%.And with a forward price-to-earnings ratio of just 9.5 -- compared with the industry's average of 13.3 -- Pfizer looks like a bargain. It is hard to find something to dislike with this [pharma stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/pharmaceutical-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4). **2. Teladoc: $68.18 per share** Teladoc's stock has lost all the outbreak-related gains it made back in 2020, and the company's shares are now trading near their pre-pandemic levels. Teladoc's trajectory resembles that of many other "pandemic stocks" that performed well -- perhaps too well -- in 2020 but ended up southbound for much of last year. Was the market's reaction justified?Here's a better question: Does Teladoc's investment thesis remain intact despite its recent struggles? In my view, the answer is a resounding yes. First, note that Teladoc has continued to record strong top-line increases and growing visits. In the third quarter, the company's revenue grew by 81% year over year to $522 million.That was on the back of a 37% year over year increase in total visits, which clocked in at 3.9 million for the quarter. True, Teladoc continues to bleed red. During the period, its net loss widened to $84.3 million, compared with the net loss of $35.9 million it reported during the year-ago period. [Adult and child in a virtual consultation with a doctor.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-1245148140.jpg&w=700) Image source: Getty Images. But it is worth noting that the company's worsening net loss was primarily due to an increase in expenses, such as amortization of intangible assets, related to the company's October 2020 acquisition of Livongo Health in a cash and stock transaction valued at $18.5 billion. According to management, the company is reinvesting cost synergies achieved through the acquisition to fuel long-term growth, which is bad for the bottom line in the short run but could more than pay off for itself in the long run. Companies at the forefront of relatively new industries with solid tailwinds often invest heavily to carve out a niche for themselves permanently.The telehealth industry will continue to grow rapidly in the coming years, especially since it provides benefits in terms of time (and money) savings to both patients and physicians. That's not to mention the convenience it offers consumers: Being able to consult a doctor from the comfort of one's home 24/7 is a pretty attractive selling point.And as one of the leaders in telemedicine with a vast network of some 50,000 clinicians, Teladoc is well-positioned to take at least a small slice of the $261 billion total addressable market in the U.S. alone. Though the red ink on the bottom line isn't ideal, Teladoc's long-term opportunities and leadership in its industry justify sticking with the company for now.While shares have been falling of late, it's impossible to know when they will hit rock bottom. After falling hard for the last 11 months, the company already looks more attractively valued than it has in the past year. That's why it's worth it to purchase its stock now while it still hovers around its 52-week low. **10 stocks we like better than Pfizer** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4) for investors to buy right now... and Pfizer wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) owns Teladoc Health. The Motley Fool owns and recommends Teladoc Health. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Provident Bancorp (PVBC) Misses Q4 Earnings Estimates
Article: Provident Bancorp (PVBC) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Provident Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $17.64 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $16.29 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Provident Bancorp shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Provident Bancorp?**While Provident Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PVBC/earnings-calendar), the estimate revisions trend for Provident Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $17.01 million in revenues for the coming quarter and $1 on $70.17 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Farmers & Merchants Bancorp Inc. (FMAO), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Farmers & Merchants Bancorp Inc.'s revenues are expected to be $22.3 million, up 2.5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Provident Bancorp, Inc. (PVBC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PVBC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FMAO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858717/provident-bancorp-pvbc-misses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: OceanFirst Financial (OCFC) Q4 2021 Earnings Call Transcript
Article: [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **OceanFirst Financial** [(NASDAQ: OCFC)](https://www.nasdaq.com/market-activity/stocks/ocfc) Q4 2021 Earnings CallJan 28, 2022, 11:00 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Good morning. Thank you for attending today's OceanFirst Financial Corp. [earnings conference call](https://www.nasdaq.com/market-activity/earnings) My name is Tania and I will be your moderator for today's call.[Operator instructions] I would now like to pass the conference over to our host, Jill Hewitt, investor relations officer with OceanFirst. Please go ahead. **Jill Hewitt** -- Investor Relations OfficerThank you, Tania. Good morning and thank you all for joining us this morning. I'm Jill Hewitt, senior vice president and investor relations officer at OceanFirst Financial Corp. We begin this morning's call with our forward-looking statement disclosure.Please remember that many of our remarks today contains forward-looking statements based on current expectations. Refer to our press release and other public filings, including the risk factors in our 10-K, where you will find factors that could cause actual results to differ materially from these forward-looking statements. Thank you. And now I will turn the call over to our host, chairman, and chief executive officer, Christopher Maher. **10 stocks we like better than OceanFirst Financial** When our award-winning analyst team has a stock tip, it can pay to listen. 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As always, we appreciate your interest in our performance and are pleased to be able to discuss our operating results with you.This morning will cover our financial and operating performance for the quarter and provide some color regarding the outlook for our business. Please note that our earnings release was accompanied by an investor presentation that is available on the company's website. You may refer to those slides during this call. After our discussion, we look forward to taking your questions.In terms of financial results for the fourth quarter, GAAP diluted earnings per share were $0.37. Earnings reflect a healthy economy and material loan growth across all regions. Core earnings were stronger than GAAP earnings at $0.48 per share, as branch consolidation expenses and net losses on equity investments totaled approximately $7.3 million and $1.3 million, respectively, on a pre-tax basis. The consolidation expenses relate primarily to real estate exit costs associated with the nine branch consolidations conducted in December. An additional two branches were sold in December, generating a non-core gain of $2 million, which partially offset branch consolidation charges for the quarter. Recall that the company previously announced an additional 10-branch consolidations, which will be completed at the close of business today. Regarding capital management, the board declared a quarterly cash dividend of $0.17 per common share at approximately $0.44 per depositary share of preferred stock. The common share dividend is the company's 100th consecutive quarterly cash dividend.$0.17 common share dividend represents 35% of core earnings. Given the robust outlook for loan growth, which will be discussed later in the call, we elected to maintain the current dividend level. Over the past year, maintaining a conservative dividend payout ratio has allowed tangible common equity per share to increase to $15.93, an increase of 6.3% as compared to December 31, 2020. In addition, the company intends to retire $35 million of subordinated debt, carrying an interest rate of 4.14% on March 31, 2022.Tangible stockholder's equity to tangible assets strengthened to 8.89% and total assets decreased $90 million during the fourth quarter, resulting in total assets of $11.7 billion. Our interest-earning assets increased during the quarter as we continued to see success with our commercial banking expansion strategy. The company's share repurchase activities continued during the fourth quarter, with approximately 251,000 shares repurchased. On a year-to-date basis, the company has repurchased 1.7 million shares at a weighted average price of $21.07.There are 3.3 million shares available under the current repurchase program or 5.6% of the total shares outstanding. Turning to operations, loan originations of $989 million set a new quarterly record, delivering $441 million in net loan growth in Q4. As of December 31st, the committed loan pipeline also set a new record of $671 million, almost double the pipeline we went into last year. That should support strong momentum moving into 2022.The deployment of cash drove a pickup in net interest income and another improvement in net interest margin, which ended the year to 2.99%. Considering that a substantial portion of bones were booked late in the fourth quarter, the year-end loan balances were $286 million higher than the average balance for the fourth quarter. As a result, the balance sheet is positioned to deliver additional margin expansion in the first quarter of 2022. Regarding credit trends, the company posted exceptional metrics for the year, including a 33% decrease in criticized assets, loan delinquencies, and net recoveries of $461,000 for 2021. Non-performing assets fell by 48% for the year to land at $19 million or just 16 basis points of total assets. Positive credit trends and stable economic conditions drove a $1.6 million negative provision for the quarter. Operating expenses were elevated this quarter due to the upgrade of the bank's core banking platform earlier this year. We expect expect this to be a tailwind in 2022 as we finalize our optimization efforts associated with the new platform, partly offset by our continued investment in digital products and services.Additionally, our branch optimization efforts, which consisted of closing 19 full branches, one drive-thru, and the sale of two branches will provide a tailwind going into the first quarter. Finally, we've been working to reduce our tax burden with several strategies, including the organic expansion into markets with more favorable tax policies. Going forward, our estimated effective tax rate should be in the range of 23%. At this point, I'll turn the call over to Joe for a discussion regarding the progress this past quarter, including an update on the expansion of our commercial bank. **Joe Lebel** -- PresidentThanks, Chris. Loan originations of $989 million were the highest on record for the company, and commercial originations of $780 million also set a record. We saw solid growth from new geographic regions of Baltimore and Boston, with continued expansion in core markets of New Jersey, Philadelphia, and New York. Even after record originations, we enter Q1 with a committed pipeline of $671 million, another all-time high, and fully expect momentum to continue as we are adjusting our stride in our new markets.Excluding PPP forgiveness of $30 million, record originations led to loan growth of $471 million, which included $378 million in organic commercial growth and a residential pool purchase of $82 million. The PPP loan portfolio totals just $23 million as of December 31st. As Chris noted, the bulk of the commercial growth occurred in December, so we'll see the benefit of the added interest income in Q1 and beyond. I expect we will continue to purchase a few smaller residential pools in Q1 and possibly Q2, largely to offset our existing portfolio runoff.Our deposits decreased $41 million for the quarter due primarily to the loss of $101 million of deposits domiciled in the two branches sold in early December. As you know, our deposit business is somewhat seasonal, with the fourth quarter usually representing a low point for the year. Despite the sale of the branches, year-over-year deposit growth totaled $305 million. Continued growth at a time when we were not aggressively soliciting deposits, our cost of deposits declined continued to trend down, decreasing by two basis points to close the quarter at 20 basis points, down significantly from 45 basis points in fiscal year-end 2020. We still expect the cost of deposits to trend lower as we have $338 million of time deposits, with an average cost of 86 basis points maturing in the first half of 2022. Our Treasury management and commercial banking teams are now actively sourcing new deposits to fund the '22 loan growth expected, the utilization of much of our excess cash in Q4. While deposits are always our first choice to fund loan growth, we have several alternatives to provide the funding for the additional growth. Our investment portfolio generates significant monthly cash flow.We have substantial wholesale funding capacity, having paid off all of our home loan bank borrowings in Q4 of 2020. I expect the loan growth in 2022 will be funded by a combination of a mix shift from the portfolio and investments, the planned deposit growth from our Treasury services and commercial teams, and wholesale funding, if necessary. We've made strong progress this past quarter in utilizing our excess cash with our loan to deposit ratio ending the year at 88%, still below our target of 95% to 100%. Core NIM improved quarter over quarter by six basis points.We see continued modest improvement moving forward. Rate increases will only improve NIM and earnings with our asset-sensitive balance sheet. With that, I'll turn it back to Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerAt this point, we'd be pleased to take your questions. **Jill Hewitt** -- Investor Relations OfficerTania, can you explain how to ask a question, please, and get in the queue?**Questions & Answers:****Operator** [Operator instructions] Our first question comes from David Bishop of Seaport Investors. David, the line is yours. **David Bishop** -- Seaport Investors -- AnalystYep. Thank you. Hey, good morning, Joe Lebel as well. Well, Chris, maybe -- I appreciate the slide where you sort of break out the expenses this quarter, technology expense versus other non-core.Just curious what sort of drove the uptick in that technology spend this quarter and where do you see that sort of settling into 2022?**Christopher Maher** -- Chairman and Chief Executive OfficerSo the core conversion that we conducted this year was the replacement of a core that we had in place since the early 1980s. So while it was a very old technology, it had been heavily customized for our environment and was actually reasonably efficient given its age. Given the sizable move from one platform to another, there were a lot of ancillary things that had to be done prior to year end. So these are things like making sure your controls are validated and the kind of one-time efforts to make sure that you have the same confidence in your year-end environment that you would have had in the other core system.And then there's some ripples as you work through that. There are compliance functions that were a little harder, so we use some consulting and things like that during Q4. We don't break our guidance for the IT line itself, but we do -- we have issued guidance for the first quarter, saying that we believe total expenses should come in somewhere between $54 million and $57 million. I'm sorry, $54 million and $55 million.Sorry about that. **David Bishop** -- Seaport Investors -- AnalystGot it. Thanks. And then in the past in terms of the NIM outlook, potentially settling back to that 3.23, 3.25 range with the expectations of several separate moves here, any updated terms of longer term expectations for where the NIM could settle out here? **Christopher Maher** -- Chairman and Chief Executive OfficerSo I think we're still on target to continue to go back more toward our historical norm. I mentioned the end of quarter loan balances versus the average balances. That should be good for several basis points into Q1. And then we're going to continue this mix shift.So we have a very strong cash flows coming off the -- both bond book and the loan book that we can redeploy into new loans. And then the last thing is if you think about rates, our assumption going into 2022 when we were budgeting is that we expected somewhere in the range of two rate actions by the Fed. And it's anybody's guess but certainly the -- most of the talk this year seems to be more than that, maybe three or four, and some folks even thinking about five. So that could be a substantial tailwind as well.I'm very happy that we came into the environment with a lot of floating rate and adjustable loans. We had that -- we kept that discipline throughout the last 18 months, and I think we're going to get the benefit from it as we go into 2022. So I think in the past, Dave, we've talked about in the current interest rate environment, working our way back up into the 3.20s. That would still be our expectation absent rate movements.I think if you see substantial rate movements or policy action, it's possible we could get back to our longer term average closer to 3.40 or 3.50, but I think that would take a longer period of time. It might take four or five quarters. **David Bishop** -- Seaport Investors -- AnalystGot it. And then one final question, just in terms of the security cash flow. How much cash flows this generates sort of on a monthly basis? Thanks. **Christopher Maher** -- Chairman and Chief Executive OfficerIt's -- for the year, David, $275 million off that, but it's pretty even throughout the year. **David Bishop** -- Seaport Investors -- AnalystGreat. Thank you. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, David. **Operator** Thank you. Thank you, Mr. Bishop. The next question is from the line of Russell Gunther with D.A.Davidson. Your line is open. **Russell Gunther** -- D.A. Davidson -- AnalystHey, good morning, guys. I wanted to start on the -- good morning, Chris. I wanted to start on the loan growth conversation and if you guys could share kind of where footings are within the Boston and Baltimore areas and your sense for continuing to climb toward that ultimate billion dollar target that you have. **Jill Hewitt** -- Investor Relations OfficerSo, Russell, how are you? I think we're -- one, we're pretty bullish about how we did in the fourth quarter with Boston and Baltimore. I think all the regions contributed to the loan growth, which is actually something really good to see because we have some regions that are more mature. And of course, you guys know the success that we've had in Philly and Boston, but or I'm sorry, Philly and New York. But Boston and Baltimore collectively are north of nine figures in 90 days, so we're pretty bullish about the -- and by that, I mean, in portfolio growth, originations are higher.So I think we're really looking forward to a strong 2022. **Christopher Maher** -- Chairman and Chief Executive OfficerSo maybe you might also think a bit about the earnings drag on... **Joe Lebel** -- PresidentThat's actually a good point. We talked about this a bit this morning, Russell. The -- we've got the portfolio to the size now where the profitability of the existing portfolio totally offsets the run rate on an annualized basis, so there's -- we've already achieved break even or slight profitability with the new regions in Boston and Baltimore, collectively. **Russell Gunther** -- D.A. Davidson -- AnalystThat's great color, guys. Thank you both. And then just one follow-up in terms of the expense conversation. So the 54, 55 guide for the first quarter, can you just help me think about what that will reflect in terms of -- Chris, you mentioned tailwinds from optimization efforts with the new core eventually cost saves from the branch closures.Is that all embedded within the 54 or 55? And do we trend a little higher from there based on any franchise investment or hires? Just a general glide path discussion would be helpful. **Christopher Maher** -- Chairman and Chief Executive OfficerThe vast majority of that is embedded, of course. We do have the 10 branches that we operate are for January, so that will be a little bit of a tailwind into Q2. I guess the way to think about this is we're all facing across the sector inflationary pressures. We were not surprised about that. We've been working toward this for the last six months to make sure we got ahead of the curve on the branch consolidations. It's very hard to predict the next three quarters, which is why we're not giving so much guidance. But there's no known reason today that those quarters would be materially different from the $54 million or $55 million. So I think you can see relatively flattish, but it's hard to say.We have to watch, obviously, compensation. Expenses are a line item we're all watching carefully. But at this point, first quarter, $54 million to $55 million and that no -- nothing on the horizon that we see that would materially change that for the remainder of the year. **Russell Gunther** -- D.A. Davidson -- AnalystOK. Great. That's very helpful, and that's it for me. Thank you both. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Russell. **Operator** Thank you, Mr. Gunther. The next question is from Christopher Marinac with Janney Montgomery Scott. Your line is open. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystThanks. Good morning. Chris and Joe, can you tell us about the goalposts on the technology kind of initiatives this year? You educated us back at Analyst Day about some of the things and those were repeated in the deck last night. But are the goalposts changing for kind of what you want to get out of the technology spend and kind of where you see your products going? **Christopher Maher** -- Chairman and Chief Executive OfficerYeah, very much. I think that the the horizon for us now in the spend that we're focusing on is back-office efficiency as opposed to front-office capabilities. So we feel very good about the customer experience that we're delivering, but we know that we can take this new environment and tune it. The other thing is we chose a core that's a very common core processing system that is used by thousands of banks across the U.S.The advantage of that is there are a lot of third-party opportunities to come in and automate processes. It's a significant milestone. We launched our first internally developed bot in January. It's doing a process for us and we've got a development team in place that will be doing more of that throughout the year.So I think what we're looking at is how do we create operating leverage in the back office in a material way now that we have an infrastructure that will accept kind of more modern technologies and we can build our own routines into it? And let me be clear, we're not going to build stuff that's readily available on the open market. But we have an architecture now where we can source things on the open market, we can adapt them for our environment, and where necessary, we can build our own software to take small tasks that are repetitive and low value and automate them and take the human element out. I think the only way the industry is going to stay ahead of the expense curve is by reducing the amount of labor input it takes to operate a bank. And for us, this horizon is all back office for 2022. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystSo Chris, to that point, and thanks for all that background, do -- we can see the expense ratios, but does like the per transaction costs become a figure that becomes more prominent as you follow up on the financials?**Christopher Maher** -- Chairman and Chief Executive OfficerAbsolutely. And I think you're looking at total operating expense as a percent of assets for the bank as well because as Joe adds, think about the loan growth we had in the fourth quarter, that was -- there was virtually no marginal operating expense to add that. So as we continue to grow, we want to keep a line on the back-office expenses and that should help us grow into a lower expense ratio as a percent of assets. **Christopher Marinac** -- Janney Montgomery Scott -- AnalystGreat. Thanks again. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thanks, Chris. **Operator** Thank you, Mr. Marinac. [Operator instructions] The next question is from the line of Eric -- Matthew Breese with Stephens Inc. Your line is open. **Matthew Breese** -- Stephens Inc. -- AnalystGood morning. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Eric. **Matthew Breese** -- Stephens Inc. -- AnalystNo, this is Matt Breese, Chris. **Christopher Maher** -- Chairman and Chief Executive OfficerI'm sorry. Glad to hear you. Sorry about that. **Matthew Breese** -- Stephens Inc. -- AnalystI did want to go back to the NIM just to kind of level set because there's just a few moving parts, right? So you have to carry through from higher loan balances and then you have to sub that redemption as we exit March. And so maybe just thinking as we get into rate hikes, is it fair to say that the kind of a launch point for the NIM is kind of in that 3.04, 3.05 range and then we can assume securities in the loans and then rate hikes from there?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, that's fair. I mean, it could be as high as 3.10, but somewhere between 3.05 and 3.10 is probably the launch point for the -- for then rate movements to come in on top of that. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. And then, Joe, maybe one for you just thinking about the pipeline, obviously, it was a very strong quarter on loan growth this quarter. How do you feel about the $250 million net growth per quarter? And obviously, plus or minus a little bit, but that type of guidance for '22, do you feel any better or worse or how would you kind of recalibrate there?**Joe Lebel** -- PresidentNo, I'm pretty confident about that, Matt. I think we could -- there's a definitely an opportunity to do better than that. And I think that dovetails into the comments that we've made the last couple of quarters about some of these resi pools. We're not buying resi pools to build a loan growth. We're basically purchasing those just to offset some of our own runoff. Some of the some of the activity in the resi space tends to tail off. If there's something worthwhile, we'll buy just to offset our residential amortization. If it's not, we won't do it.But I think from the commercial bank perspective, I think we're really, really pretty confident we're going to hit the 250, if not do a bit better. **Christopher Maher** -- Chairman and Chief Executive OfficerSome of that, Matt, too maybe just an outcome of whatever payoffs there are. In the fourth quarter, we had payoffs of about $483 million, payoffs and other pay downs and prepayments. So we're able to grow a significant amount with that level of payoffs. That was a pretty robust quarter.If that number changes up or down a little bit, we'd have great opportunity. We certainly have the productive capacity and we think that's going to be a big tailwind in the year. **Matthew Breese** -- Stephens Inc. -- AnalystGot it. OK. I was curious on the tax strategy. I assume this is kind of part and parcel with the exposures now in Philly, D.C., Baltimore, and Boston. But are there any other kind of geographic exposures you're supposed to bank to? And maybe any other strategy we should be aware of underneath the hood?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, I think there's a couple of things going on there, Matt. The first is, obviously, there are very different statutory tax rates in the areas we currently operate in, and that's all the focus today. So our lending is happening in the markets we've been talking about. But you have in those markets, New Jersey, for example, has an 8% -- I'm sorry, 11% statutory tax rate, which is very high among the highest in the northeast and the highest in the country.So we employ a couple of strategies. One is attribution, so you can look at the portfolio and where it is and your tax liability reflects where that collateral is or where those loans are. So it's helpful to have more and more collateral outside New Jersey. And then, obviously, we use as many banks to reach an investment corp.structures that are allowable under the code, and we have the ability to move our loan portfolio among those structures to optimize the tax on it. So by doing all of that, the net you get to is about a 23%. So for a New Jersey domiciled bank, we think that's a decent number. **Matthew Breese** -- Stephens Inc. -- AnalystGreat. I'll leave it there. Thank you for taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Matt. **Operator** Thank you, Mr. Breese. The next question is from Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystHello. **Operator** Eric, your line is open. The next question is from Michael Perito with KBW. Your line is open. **Michael Perito** -- KBW -- AnalystHey, good morning, guys. **Christopher Maher** -- Chairman and Chief Executive OfficerGood morning, Michael. **Michael Perito** -- KBW -- AnalystJust a couple. All my questions have been asked and answered, just a couple things. Number one on the non-interest income side. Just curious if you could maybe try a little bit more color about where some of the growth opportunities are there for 2022 and particularly a comment maybe around the swap income, which I would imagine the back half of the year obviously was pretty strong, with rates moving higher.I would think maybe there's some tailwind there. Just would love to start there if you have any comments. **Christopher Maher** -- Chairman and Chief Executive OfficerI think I mean, if you think about the swap side, that's where the big opportunity is, and we have opposing forces here. You would think that borrowers would be highly, highly motivated to get into a fixed rate instrument right now, but the cost to get into that instrument is different than it was six months ago. So there's kind of two opposing forces there, but we would hope that you'd see more swap income throughout the course of the year, especially as these loan volumes continue. And then we're fighting what every other bank is fighting around depository fees and overdraft, and that's more of a long-term trend. That's yeah, we're just going to have to watch and we're in the process of working through with our folks what our fee strategy will be in the back half of the year for those deposit accounts. **Michael Perito** -- KBW -- AnalystHelpful, thank you. And then [Inaudible] if I missed this, but did you guys give any update in terms of when do you expect the Partners Bankcorp deal to close in the first half of the year? And secondly, just curious how that process is trending in terms of kind of the team buying down there and what the pipeline to look like down there and if you guys still feel pretty, pretty bullish about the ability to kind of bolster your presence and have it be additive to your organic growth pro forma?**Christopher Maher** -- Chairman and Chief Executive OfficerSure, so. Well, look, we feel great about the opportunity. Their performance is continuing as we expected, and I think they'll be releasing earnings shortly. So everything is in line from a business standpoint of what we expected.We've had great conversations with their people and worked through the onboarding to the extent we can. There are restrictions on what you can do, so -- but we're prepared on that. Process is moving normally, nothing unexpected. We have a -- on the SEC and shareholder side, the Partners folks have a vote scheduled for March 9th.So that's a kind of an ordinary course schedule. We have submitted our applications to our regulators. And as you can appreciate, this is an environment where it's a little bit difficult to get the transparency you'd like around timelines, so we're -- we understand they have an obligation to review applications in maybe a new way. So as you've seen with a lot of the deals in the last few months, we're responding to requests if we get them and giving them the time to do what they need to do. So we have no reason to believe that the -- that we'll have an extended approval time. I would continue to hope that maybe sometime in the second quarter, we're going to close it. **Michael Perito** -- KBW -- AnalystGreat. Thanks, Chris. Appreciate you guys taking my questions. **Christopher Maher** -- Chairman and Chief Executive OfficerThanks, Mike. **Operator** Thank you, Mr. Perito. The next question is from the line of Eric Zwik with Boenning & Scattergood. Your line is open. **Eric Zwik** -- Boenning and Scattergood -- AnalystGood morning. Can you guys hear me now?**Christopher Maher** -- Chairman and Chief Executive OfficerWell, we can, Eric. Sorry about that. And then I called Matt Eric, so sorry to both of you. **Eric Zwik** -- Boenning and Scattergood -- AnalystA couple of false starts. No problem. I'm not sure what was going on there, but glad you guys can hear me. Just a couple for me at this point.One curious just thinking about the outlook for the strong loan growth and thinking about the rest of the earning assets and I guess in particular, the investment securities portfolio, it stands at about 15% of -- around 15% or so of total assets today. How would you expect that to trend? That would keep pace with that the loan portfolio? Are you OK with that shrinking? Would you ever assume from a yield perspective, you'd probably prefer to deploy capital there, but curious about your thoughts there? **Christopher Maher** -- Chairman and Chief Executive OfficerI think our first option would be to decrease the percentage of securities and increase the percentage of loans and get a mix shift and improvement in NIM and earnings that way. And I think an important note about that is our deposit -- the quality of our deposit funding, which is high quality core deposits. We continue to have a loan to deposit ratio well under 90% and we have no federal loan bank borrowings at this time. So it's a very strong funding profile.And I think that allows us the opportunity to have a slightly lower percentage of securities than some peers. So the first thing we'll do is kind of redirect cash flows from the securities book into the loan book, but we're not averse to growing the balance sheet. And we're -- our teams are doing a great job. If we've got another string of strong quarters, we'll be taking a fresh look at -- at what point do you just allow that to turn into a balance sheet growth?**Eric Zwik** -- Boenning and Scattergood -- AnalystThanks, Chris, I appreciate the color there. And then maybe a question for Mike. Can you remind us what the deposit betas are you use in your assumptions for the interest rate sensitivity modeling that that shows up in the in the [Inaudible] case?**Mike Fitzpatrick** -- Chief Financial OfficerYeah, we update the betas every year. We've probably got about 12 or more years, 12 to 15 year history now of studying this, but we -- so the beta is I think about generally about 10% the life. The average life is probably five, six, seven for money market savings, interest -- something around there, five to seven years. So it's -- and you can see that from where we were a couple of years ago in relation to our peers before the rate reductions.Our cost of deposits was very, very low in relation to our peer group. **Christopher Maher** -- Chairman and Chief Executive OfficerIn the last rising cycle, our beta was about half that of our peer group, which I think is important. And if we think about our deposit base today versus what it was when we went into the last rising cycle, we have an even lower proportion of certificates and high rate instruments. So I think we're feeling pretty good about how that funding will work out. And we have we have options having -- we've got the dry powder in terms of FHLB advances, so we don't have to raise our deposit prices too quickly.So I think we've got the ability to manage this a bunch of different ways. **Eric Zwik** -- Boenning and Scattergood -- AnalystGot it. That's helpful. And just last one for me, and Chris, I know in your prepared remarks, you mentioned the amount of shares that you repurchased in 2021. Sorry, if I missed it.Did you address kind of your appetite for continuing to repurchase shares in '22 at this point?**Christopher Maher** -- Chairman and Chief Executive OfficerYeah, I didn't address that specifically, so let me be clear. We have a strong appetite to repurchase our shares. The challenge is just with the securities rules. Our ability to get our hands on enough shares in any given window has been a bit of a challenge, especially the windows are tighter with the pending acquisition like Partners. But we're ready and we have an interest and we can do block trades, so we can do larger trades if they become available to us in certain time windows. So I think you should expect us to do -- to run on the pace we were running last year and faster if we can find an opportunity to do that. **Eric Zwik** -- Boenning and Scattergood -- AnalystGreat. Thanks for taking my questions today. **Christopher Maher** -- Chairman and Chief Executive OfficerSure. **Operator** Thank you, Mr. Zwik. [Operator instructions] There are no additional questions waiting at this time. I will now turn the conference over to Chris Maher for any closing remarks. **Christopher Maher** -- Chairman and Chief Executive OfficerAll right. Thank you very much. With that, I'd like to thank everyone for their participation in the call this morning. Obviously, we're very pleased with the momentum of our commercial business, our expanding net interest margin, our asset sensitivity position, especially in light of the Fed moves that may come later in the year, and the trend toward decreasing expenses throughout the year.So we look forward to speaking with you following our quarter end results in April. Thank you. **Operator** [Operator signoff]**Duration: 35 minutes****Call participants:****Jill Hewitt** -- Investor Relations Officer** Christopher Maher** -- Chairman and Chief Executive Officer** Joe Lebel** -- President** David Bishop** -- Seaport Investors -- Analyst** Russell Gunther** -- D.A. Davidson -- Analyst** Christopher Marinac** -- Janney Montgomery Scott -- Analyst** Matthew Breese** -- Stephens Inc. -- Analyst** Eric Zwik** -- Boenning and Scattergood -- Analyst** Michael Perito** -- KBW -- Analyst** Mike Fitzpatrick** -- Chief Financial Officer [More OCFC analysis](https://www.fool.com/quote/ocfc?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=1c48d8ff-2004-4c0f-9d74-c667099ea685) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
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Symbol: OCGN
Security: Ocugen, Inc.
Related Stocks/Topics: Markets|VXRT|BNGO
Title: 4 Under-the-Radar Stocks With 319% to 645% Upside in 2022, According to Wall Street
Type: News
Publication: The Motley Fool
Publication Author: Sean Williams
Date: 2022-01-29
Article: Despite the stock market undergoing its biggest correction in more than a year, investors have enjoyed a historic bounce from the March 2020 pandemic lows. It took less than 17 months for the broad-based **S&P 500**to double in value. By comparison, the benchmark index has returned closer to 11% annually, including dividends, since 1980.But even with these big gains for the broader market, some stocks may just be getting started. Based on the highest price target issued by Wall Street analysts and investment banks, the following four under-the-radar stocks have the potential to skyrocket between 319% and 645% in 2022. [Rising green line and ascending bar chart set atop newspaper with stock quotes. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fascending-bar-chart-line-invest-financial-newspaper-stock-market-quote-rally-bull-getty.jpg&w=700) Image source: Getty Images. **Ocugen: Implied upside of 408%**The first stock with significant upside potential, at least according to one analyst, is clinical-stage [biotech stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) **Ocugen** [(NASDAQ: OCGN)](https://www.nasdaq.com/market-activity/stocks/ocgn). According to Robert LeBoyer of Noble Financial, Ocugen can hit $15 a share, which would represent a more-than-quintupling in the company's share price, based on where it closed on Jan. 27.Ocugen's potential claim to fame and riches is its coronavirus disease 2019 (COVID-19) vaccine, Covaxin. Covaxin was developed by India's Bharat Biotech, and it yielded a respectable 78% vaccine efficacy (VE) in a 25,800-patient clinical study. Covaxin was also given the green light for emergency use by the World Health Organization (WHO) in early November. With so many people left to vaccinate globally, there's ample room for multiple vaccines to thrive.But [there's a very big catch to Ocugen's future](https://www.fool.com/investing/2021/10/05/5-ultra-popular-stocks-avoid-like-plague-october/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). The company signed a commercialization agreement with Bharat Biotech that only covers the U.S. and Canada. This means the WHO giving Covaxin a green light won't put a dime in Ocugen's pockets. Although the U.S. and Canada are highly lucrative markets for pharmaceuticals, there are already a number of well-established COVID-19 players in the U.S. and Canada. It's [not clear](https://www.fool.com/investing/2021/11/10/does-ocugen-even-have-a-shot-at-winning-eua-for-it/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) if a vaccine offering a 78% VE will even be necessary.Unless Ocugen can garner emergency use authorization in these two markets, it likely has no chance of coming anywhere close to LeBoyer's price target. [Lab technician examining a prescription drug capsule. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fresearchers-in-lab-with-pill-getty.jpg&w=700) Image source: Getty Images. **Vaxart: Implied upside of 319%**Another under-the-radar stock that could fly in 2022, assuming Wall Street is correct, is clinical-stage drug developer **Vaxart** [(NASDAQ: VXRT)](https://www.nasdaq.com/market-activity/stocks/vxrt). Analyst Yasmeen Rahimi of Piper Sandler [expects Vaxart to hit $18 a share](https://www.fool.com/investing/2021/07/15/3-small-cap-stocks-158-to-329-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which would represent a hearty 319% upside from where it closed a few days earlier.Vaxart has two core catalysts that essentially blend into one. First, it has its proprietary technology known as "Vector-Adjuvant-Antigen Standardized Technology," or VAAST. Whereas most vaccine-based medicines provide a clear systemic response, Vaxart is attempting to lean on VAAST to create oral treatments that elicit systemic and mucosal immunity. In other words, its therapies would offer potentially greater protection against airborne viruses.The second catalyst is the development of an oral COVID-19 treatment. Last year, Vaxart's early stage data from its oral COVID-19 therapy showed mixed results. While it did produce a notable immune response, the level of neutralizing antibodies [was considerably lower in pill form](https://www.fool.com/investing/2021/05/09/is-vaccine-maker-vaxart-worth-holding-from-here/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) relative to traditional vaccines.Vaxart's plan of attack, so to speak, is to target a specific protein with its mid-stage trial. Though an oral COVID-19 treatment [would be a game-changer](https://www.fool.com/investing/2022/01/27/4-of-fastest-growing-stocks-on-the-planet-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) from a distribution perspective, we still look to be a ways off from having anything definitive hitting pharmacy shelves. [A lab researcher using a pipette to take liquid samples. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fpharma-biotech-lab-drug-research-pipette-test-tube-getty.jpg&w=700) Image source: Getty Images. **Intercept Pharmaceuticals: Implied upside of 468%**Interestingly, Vaxart isn't the only biotech stock that Rahimi sees skyrocketing in 2022. The Piper Sandler analyst also has [an $82 price target](https://www.fool.com/investing/2021/11/03/5-biotech-stocks-105-to-386-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) on liver disease-focused drug developer **Intercept Pharmaceuticals** [(NASDAQ: ICPT)](https://www.nasdaq.com/market-activity/stocks/icpt). If Intercept were to reach $82 this year, it'd mark a 468% increase from where it is now.The single biggest catalyst that makes or breaks Rahimi's case is obeticholic acid (OCA), a late-stage treatment for nonalcoholic steatohepatitis (NASH). NASH is a liver disease that affects between 2% and 5% of all U.S. adults, and is characterized by liver fibrosis that can lead to cancer and even death. There is no cure for NASH, but it's a $35 billion untapped opportunity for drugmakers.Nearly three years ago, Intercept reported data from its late-stage Regenerate trial, which examined OCA in patients with NASH. While the study did [reach one of its two co-primary endpoints](https://www.fool.com/investing/2021/04/30/3-turnaround-stocks-91-to-104-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) -- a statistically significant reduction in liver fibrosis without a worsening in NASH -- the patients in the highest-dose arm (the most-effective group) showed a big uptick in pruritus (itching) and trial discontinuations, relative to the placebo arm. The U.S. Food and Drug Administration (FDA) chose to issue a Complete Response Letter to Intercept demanding additional trial and safety data on OCA.Sometime within the next two months, Intercept is expected to release data from its phase 3 Reverse study in patients with compensated cirrhosis due to NASH. The data from this study should allow Intercept to resubmit its new drug application with the FDA. Even if OCA is only approved for a small subset of patients, it [could offer billion-dollar sales potential](https://www.fool.com/investing/2021/04/01/3-top-stocks-thatll-make-you-richer-in-april/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). But reaching $82 this year might be asking a bit much. [A lab technician using a pipette to place a liquid sample under a high-powered microscope.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fbiotech-lab-researcher-microscope-getty.jpg&w=700) Image source: Getty Images. **Bionano Genomics: Implied upside of 645%**But the mountain of upside opportunity, at least pertaining to this list of under-the-radar stocks, belongs to genome-analysis company **Bionano Genomics** [(NASDAQ: BNGO)](https://www.nasdaq.com/market-activity/stocks/bngo). According to analyst Kevin DeGeeter of **Oppenheimer**, [Bionano could rally to $14](https://www.fool.com/investing/2021/09/29/5-ultra-popular-stocks-with-120-to-190-upside/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which implies upside of 645%!The excitement surrounding Bionano Genomics started a little over a year ago when the company issued numerous press releases and studies [showcasing its optical genome mapping (OGM) system](https://www.fool.com/investing/2021/01/27/should-you-buy-bionano-genomics-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) known as Saphyr. For instance, one study, released in December 2020, showed Saphyr had better success in identifying large structural genome variations than a similar OGM system developed by **Pacific Biosciences**. In addition to being more effective, it was the cheaper of the two, as well.What Saphyr brings to the table is a potentially licensable technology that drug developers could use to better target gene variations of hard-to-treat diseases. Assuming Bionano can generate some licensing revenue, this incoming capital, along with dilutive share sales, should provide enough cash for the company to build up its use case for Saphyr.On the other hand, it could be years before Saphyr gets a green light from the FDA. Without this proverbial green light, it could be difficult for Bionano Genomics to secure research/license agreements that generate revenue. Having fallen well off its highs, Bionano [is intriguing for long-term investors](https://www.fool.com/investing/2021/09/16/4-small-cap-growth-stocks-increase-sales-707-9406/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) with a high tolerance for risk and reward. But reaching $14 in 2022 is not something I'd expect without FDA approval. **10 stocks we like better than Ocugen, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) for investors to buy right now... and Ocugen, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) owns Intercept Pharmaceuticals. The Motley Fool recommends Intercept Pharmaceuticals. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 3.18111
Stock Price 2 days before: 3.22135
Stock Price 1 day before: 3.02542
Stock Price at release: 3.0238
Risk-Free Rate at release: 0.0004
| 3.08498 |
Broader Economic Information:
Date: 2022-01-28
Title: fuboTV Inc Shares Approach 52-Week Low - Market Mover
Article: fuboTV Inc ([FUBO](https://kwhen.com/finance/profiles/FUBO/summary))) shares closed today at 1.4% above its 52 week low of $8.74, giving the company a market cap of $1B. The stock is currently down 42.9% year-to-date, down 81.0% over the past 12 months, and up 1960.5% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 26.9% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 387.3% - The company's stock price performance over the past 12 months lags the peer average by 412.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-29
Title: TSLA, LCID, RIVN, FSR, NKLA: Why Are EV Stocks Down Today?
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Yesterday brought an exciting update in the electric vehicle (EV) race. T** esla** (NASDAQ: [TSLA](https://investorplace.com/stock-quotes/tsla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) was [reporting results](https://investorplace.com/2022/01/tsla-stock-3-top-takeaways-from-the-tesla-earnings-event/?utm_source=Nasdaq&utm_medium=referral) for the final quarter of 2021 and interest was high. Elon Musk reported better-than-expected earnings and revenue and provided an updated project roadmap. In spite of all the good news, TSLA stock has been falling hard today and many of its EV peers have followed suit. In fact, every major U.S. EV producer is in the red today, a list that includes **Lucid** (NASDAQ: [LCID](https://investorplace.com/stock-quotes/lcid-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rivian** (NASDAQ: [RIVN](https://investorplace.com/stock-quotes/rivn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Fisker** (NYSE: [FSR](https://investorplace.com/stock-quotes/fsr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Nikola** (NASDAQ: [NKLA](https://investorplace.com/stock-quotes/nkla-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This has been a bad day for EV stocks since markets opened and it hasn’t improved. [Electric vehicle logo painted on a blue street](https://investorplace.com/wp-content/uploads/2021/03/electric-vehicles-300x169.jpeg) Source: Shutterstock** Why Are EV Stocks Down Today?**The patterns demonstrated by all five EV stocks mentioned above look fairly similar. Indeed, each company began this morning on a high note but was quick to start falling. For all the attention it has received, though, TSLA stock’s decline is not the worst of the day. As of this writing, it is currently down 8.6% and shows no signs of a rebound.Not that any of these EV stocks do. LCID has fallen the most of the five, slipping more than 12% so far. RIVN is next on the list with decline of more than 9%. FSR isn’t doing much better. The only member of this EV pack that has faired better than Tesla so far is NKLA, whose loss for the day is just shy of 7%. **Why It Matters** For an industry’s whose rapid growth defined investing in 2021, declines of this sort are not encouraging. It’s also worth noting that this isn’t the first sign of such a downward trend. Earlier this week, we saw [several EV stocks plunge into the red](https://investorplace.com/2022/01/electric-vehicle-stocks-why-ev-plays-tsla-nio-rivn-lcid-and-xpev-are-falling-today/?utm_source=Nasdaq&utm_medium=referral), along with their Chinese peers **Nio** (NYSE: [NIO](https://investorplace.com/stock-quotes/nio-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Xpeng** (NYSE: [XPEV](https://investorplace.com/stock-quotes/xpev-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). InvestorPlace contributor William White attributed these declines to the negative momentum sweeping markets.That was three days ago, but sadly, not much has changed. TSLA stock rose yesterday as anticipation mounted for its [earnings call](https://www.nasdaq.com/market-activity/earnings) Now with the call behind us, there’s nothing to keep driving the enthusiasm that sometimes elevates markets in the short term. We all know that EV stocks follow the path of Tesla. Where the industry leader goes, they will follow. And right now, TSLA stock’s growth has stalled. Additionally, as InvestorPlace Assistant News Writer Eddie Pan [noted](https://investorplace.com/2022/01/rivian-stock-alert-why-is-rivn-leading-ev-stocks-down-today/?utm_source=Nasdaq&utm_medium=referral), Rivian’s Q3 reported earnings tell the story of a still-unprofitable company. At a quick glance, it’s easy to see the struggles of the EV sector and wonder about its profitability. To do so, though, would be to ignore the many catalysts that point toward growth in the year ahead. Both Tesla and Lucid have given investors plenty of reason to believe that they will continue [scaling production](https://investorplace.com/2022/01/production-growth-prospects-make-lcid-stock-worth-a-small-investment/?utm_source=Nasdaq&utm_medium=referral) in 2022, which is likely to drive sustainable growth. Fisker will also have the opportunity to rally as the hype surrounding its popular Ocean SUV continues to build. And investments in [EV infrastructure](https://investorplace.com/2022/01/lcid-and-rivn-stocks-will-benefit-from-this-emerging-electric-vehicle-trend/?utm_source=Nasdaq&utm_medium=referral) that we will see in 2022 are likely to boost both LCID and RIVN. **What It Means** The EV race has hit a roadblock, but 2022 is just getting started. There’s plenty of time for these companies to regain the momentum that they’ve temporarily lost. [EV demand](https://www.axios.com/electric-vehicle-sales-expected-surge-2022-91bee1e9-6d82-4da8-b254-27a61eef17a4.html) is still high and it is only growing. When the economic landscape improves, so will these companies. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [TSLA, LCID, RIVN, FSR, NKLA: Why Are EV Stocks Down Today?](https://investorplace.com/2022/01/tsla-lcid-rivn-fsr-nkla-why-are-ev-stocks-down-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Capitol Federal Financial (CFFN) Beats Q1 Earnings and Revenue Estimates
Article: Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Capitol Federal, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.12 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $48.88 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Capitol Federal shares have lost about 1.9% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Capitol Federal?**While Capitol Federal has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CFFN/earnings-calendar), the estimate revisions trend for Capitol Federal: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $51.37 million in revenues for the coming quarter and $0.55 on $207.12 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Veris Residential (VRE), has yet to report results for the quarter ended December 2021.This real estate investment trust is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.Veris Residential's revenues are expected to be $80.38 million, up 5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Capitol Federal Financial (CFFN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CFFN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Veris Residential, Inc. (VRE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VRE&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859073/capitol-federal-financial-cffn-beats-q1-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859073) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: New 52-Week Low Could Prompt More Insider Buying At CNDT
Article: In trading on Friday, shares of Conduent Inc (Symbol: CNDT) touched a new 52-week low of $4.49/share. That's a $4.01 share price drop, or -47.18% decline from the 52-week high of $8.50 set back on 06/09/2021. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for CNDT that means the stock would have to gain 89.31% to get back to the 52-week high. For a move like that, Conduent Inc would need fundamental strength at the business level. Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as CNDT shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, CNDT has seen 4 different instances of insiders buying over the past six months. \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 08/10/2021 & A. Scott Letier & Director & 10,000 & $6.89 & $68,900.00 \\ \hline 08/10/2021 & Clifford Skelton & President and CEO & 14,970 & $6.68 & $99,999.60 \\ \hline 08/12/2021 & Mark Prout & EVP, Chief Information Officer & 3,000 & $7.07 & $21,219.00 \\ \hline 08/26/2021 & Mark Simon Brewer & EVP, Transportation & 3,703 & $6.75 & $24,995.25 \\ \hline \end{table} In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where CNDT has traded over the past year, with the 50-day and 200-day moving averages included. [Conduent Inc Moving Averages Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Time will tell whether the insider purchases foretell a future rebound for CNDT shares, which are presently showing a last trade of $4.54/share, slightly above the new 52-week low. [Ten Bargains You Can Buy Cheaper Than The Insiders Did »](https://www.marketnewsvideo.com/slideshows/cheaper-stocks-than-insiders/)
Date: 2022-01-28
Title: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans
Article: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [[email protected]](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.
Date: 2022-01-29
Title: Thursday Market Update: Why Were Stocks Up Today?
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Broader Sector Information:
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: Novavax and Israel Announce Advance Purchase Agreement for Supply of COVID-19 Vaccine
Article: **The Novavax vaccine would be the first protein-based alternative available in Israel** GAITHERSBURG, Md., Jan. 28, 2022 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, and Israel's Ministry of Health today announced an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M™ adjuvant. "Israel has been at the forefront of the fight against COVID-19 and has demonstrated strong leadership throughout the pandemic," said Stanley C. Erck, President and Chief Executive Officer, Novavax. "We thank the Israeli Ministry of Health for their commitment to providing a protein-based COVID-19 vaccine option, based on well-understood technology, to the people of Israel." Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico, the results of which were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM); and a trial with almost 15,000 participants in the U.K. which was also published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups. The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the [European Union](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2488037643&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D4293825725%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3397167-1%2526h%253D2118831841%2526u%253Dhttps%25253A%25252F%25252Fir.novavax.com%25252F2021-12-20-European-Commission-Grants-Conditional-Marketing-Authorization-for-Novavax-COVID-19-Vaccine%2526a%253Dconditional%252Bmarketing%252Bauthorization%26a%3DEuropean%2BUnion&a=European+Union) and emergency use listing (EUL) from the [World Health Organization](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=4247948068&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D3156131270%26u%3Dhttps%253A%252F%252Fir.novavax.com%252F2021-12-20-World-Health-Organization-Grants-Second-Emergency-Use-Listing-for-Novavax-COVID-19-Vaccine%26a%3DWorld%2BHealth%2BOrganization&a=World+Health+Organization) (WHO), among others. The vaccine is also currently under review by multiple regulatory agencies worldwide. The company submitted its complete chemistry, manufacturing and controls (CMC) data package to the U.S. Food and Drug Administration (FDA) at the end of 2021 and expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with [guidance](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=681615644&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D433303435%26u%3Dhttps%253A%252F%252Fwww.fda.gov%252Fmedia%252F142749%252Fdownload%26a%3Dguidance&a=guidance) from the FDA regarding submission of all EUA vaccines. **About NVX-CoV2373**NVX-CoV2373 is a protein-based vaccine engineered from the genetic sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19 disease. NVX-CoV2373 was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Novavax' patented saponin-based Matrix-M™ adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. NVX-CoV2373 contains purified protein antigen and can neither replicate, nor can it cause COVID-19. Novavax' COVID-19 vaccine is packaged as a ready-to-use liquid formulation in a vial containing ten doses. The vaccination regimen calls for two 0.5 ml doses (5 mcg antigen and 50 mcg Matrix-M adjuvant) given intramuscularly 21 days apart. The vaccine is stored at 2°- 8° Celsius, enabling the use of existing vaccine supply and cold chain channels. Use of the vaccine should be in accordance with official recommendations. Novavax has established partnerships for the manufacture, commercialization and distribution of NVX-CoV2373 worldwide. Existing authorizations leverage Novavax' manufacturing partnership with Serum Institute of India (SII), the world's largest vaccine manufacturer by volume. They will later be supplemented with data from additional manufacturing sites throughout Novavax' global supply chain. **About the NVX-CoV2373 Phase 3 trials** NVX-CoV2373 is being evaluated in two pivotal Phase 3 trials. PREVENT-19, a trial in the U.S. and Mexico that enrolled almost 30,000 participants, achieved 90.4% efficacy overall. It was designed as a 2:1 randomized, placebo-controlled, observer-blinded study to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373. The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second dose in serologically negative (to SARS-CoV-2) adult participants at baseline. The statistical success criterion included a lower bound of 95% CI >30%. The key secondary endpoint is the prevention of PCR-confirmed, symptomatic moderate or severe COVID-19. Both endpoints were assessed at least seven days after the second study vaccination in volunteers who had not been previously infected with SARS-CoV-2. It was generally well-tolerated and elicited a robust antibody response after the second dose in both studies. Full results of the trial were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM). A trial conducted in the U.K. with 14,039 participants was designed as a randomized, placebo-controlled, observer-blinded study and achieved overall efficacy of 89.7%. The primary endpoint was based on the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second study vaccination in serologically negative (to SARS-CoV-2) adult participants at baseline. Full results of the trial were published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). **About Matrix-M™ Adjuvant** Novavax' patented saponin-based Matrix-M™ adjuvant has demonstrated a potent and generally well-tolerated effect by stimulating the entry of antigen-presenting cells into the injection site and enhancing antigen presentation in local lymph nodes, boosting immune response. **About Novavax** Novavax, Inc. (Nasdaq: NVAX) is a biotechnology company that promotes improved health globally through the discovery, development and commercialization of innovative vaccines to prevent serious infectious diseases. The company's proprietary recombinant technology platform harnesses the power and speed of genetic engineering to efficiently produce highly immunogenic nanoparticles designed to address urgent global health needs. NVX-CoV2373, the company's COVID-19 vaccine, has received authorization from multiple regulatory authorities globally, including Conditional Marketing Authorization from the European Commission and Emergency Use Listing from the World Health Organization. The vaccine is also under review by multiple regulatory agencies worldwide. For more information, visit [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com) and connect with us [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1749870132&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnovavax%2F&a=LinkedIn). **Forward-Looking Statements** Statements herein relating to the future of Novavax, its operating plans and prospects, its partnerships, the ongoing development of NVX-CoV2373, the scope, timing and outcome of future regulatory filings and actions, including Novavax' plans to submit an EUA application to the U.S. FDA after one month, the potential impact of Novavax and NVX-CoV2373 in addressing vaccine access, controlling the pandemic and protecting populations, the efficacy, safety and intended utilization of NVX-CoV2373, and the expected delivery of NVX-CoV2373 are forward-looking statements. Novavax cautions that these forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include challenges satisfying, alone or together with partners, various safety, efficacy, and product characterization requirements, including those related to process qualification and assay validation, necessary to satisfy applicable regulatory authorities; difficulty obtaining scarce raw materials and supplies; resource constraints, including human capital and manufacturing capacity, on the ability of Novavax to pursue planned regulatory pathways; challenges meeting contractual requirements under agreements with multiple commercial, governmental, and other entities; and those other risk factors identified in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Novavax' Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission (SEC). We caution investors not to place considerable reliance on forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at [www.sec.gov](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1242319065&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov) and [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com), for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of the statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. **Contacts:** InvestorsNovavax, Inc.Erika Schultz | 240-268-2022 [[email protected]](mailto:[email protected]) Solebury TroutAlexandra Roy | 617-221-9197 [[email protected]](mailto:[email protected]) MediaAli Chartan | 240-720-7804Laura Keenan Lindsey | 202-709-7521 [[email protected]](mailto:[email protected]) [](https://mma.prnewswire.com/media/1506866/Novavax_High_Res_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=PH43882&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html](https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html) SOURCE Novavax, Inc.
Date: 2022-01-28
Title: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA
Article: Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 124 properties, containing a total of approximately 25.7 million rentable square feet, geographically diversified across 32 states. Our occupancy rate as of this date is 99.7%. **Contact:** **Becky Coleridge****732-577-9996** ###### [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTM3MSM0Njk5NzA2IzUwMDA3MTc0NA==) [Image](https://ml.globenewswire.com/media/NDkyMzcxMDYtOWRmNC00OGQyLWJlZTgtMjNkYjM0OTNmNGQ1LTUwMDA3MTc0NA==/tiny/Monmouth-Real-Estate-Investmen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fbe61113-8286-4974-ac63-97b9dddf4ffa) Source: Monmouth Real Estate Investment Corporation
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Cannae Holdings Inc Shares Close in on 52-Week Low - Market Mover
Article: Cannae Holdings Inc ([CNNE](https://kwhen.com/finance/profiles/CNNE/summary))) shares closed today at 1.7% above its 52 week low of $28.23, giving the company a market cap of $2B. The stock is currently down 19.3% year-to-date, down 28.9% over the past 12 months, and up 54.2% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 13.3% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
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Symbol: CRON
Security: Cronos Group Inc.
Related Stocks/Topics: Unknown
Title: 2 Stocks to Avoid Like the Plague in 2022
Type: News
Publication: The Motley Fool
Publication Author: Prosper Junior Bakiny
Date: 2022-01-29
Article: The stock market hasn't been in the best shape this year. Growth stocks have been hit particularly hard due to valuation concerns and impending interest rate hikes in the U.S. All these issues are merely temporary, though, and it'd be best for investors to look past them and hold on to shares of great companies.However, some stocks are facing deeper problems and aren't worth investing in for the long haul. Let's consider two such stocks: **Inovio Pharmaceuticals** [(NASDAQ: INO)](https://www.nasdaq.com/market-activity/stocks/ino) and **Cronos Group** [(NASDAQ: CRON)](https://www.nasdaq.com/market-activity/stocks/cron). [](https://ycharts.com/companies/INO/chart/)[INO](https://ycharts.com/companies/INO) data by [YCharts](https://ycharts.com/)**1. Inovio Pharmaceuticals** Inovio Pharmaceuticals is a clinical-stage biotech that focuses on developing DNA-based therapies and vaccines for various viruses and infectious diseases. And after being one of the leaders in the hunt for a COVID-19 vaccine back in early 2020, it has fallen on hard times in the past two years. The company's shares are now trading near their pre-pandemic levels.But the biotech hasn't given up on its hopes to enter the coronavirus vaccine market. It is currently running a phase 3 clinical trial for its candidate, INO-4800, in several countries. The company plans to release some data from this study in the first half of the year.Inovio's goal is to target those countries where there remains an unmet need for coronavirus vaccines. However, it is unclear whether the company's strategy can work. First, it will have to produce solid results for its candidate in its ongoing pivotal clinical trial. Indeed, the company will have to show that INO-4800 is as good as the best available vaccines. Otherwise, the market will mostly shrug at the results of its ongoing study.After all, if Inovio's candidate isn't at least as potent as the already approved vaccines, why would it see any meaningful success? [Doctor vaccinating patient.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662563%2Fgettyimages-1298099633.jpg&w=700) Image source: Getty Images. Second, while the authorization process for many other vaccines was fast, now that vaccines are widely available, Inovio's path to launching its candidate on the market may be much longer. Third, Inovio will unquestionably face competition in the market no matter which country it targets with its candidate. The biotech has other candidates in the pipeline, but none will hit the market this year. Further, as a clinical-stage biotech, Inovio currently has no products on the market and is consistently unprofitable.All these factors add a considerable amount of uncertainty to Inovio's future. The market does not like uncertainty, and given how volatile it has been in the past three months, investing in stock as risky as Inovio seems like the wrong move. That's why investors should stay away from this [biotech stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df) this year. **2. Cronos Group** Toronto-based Cronos Group, which produces and sells various recreational and medical cannabis products, has been involved in a bit of drama lately. On Nov. 9, it filed a form 12b-25 with the U.S. Securities and Exchange Commission. This is a form companies must file with the authorities when they anticipate not being able to meet the deadline to release their quarterly updates. Cronos Group said it needs more time evaluating some impairment charges before reporting its third-quarter results for the period ending Sept. 30, 2021.Investors reacted to this news by [sending Cronos Group's stock tumbling](https://www.fool.com/investing/2022/01/07/why-cronos-group-stock-slumped-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df), and with good reason. A publicly-traded company not being able to meet the deadline to file its quarterly report isn't unheard of -- that's why form 12b-25 exists in the first place. Yet this turn of events isn't the norm, either, not by a long shot. The market might have been more lenient with Cronos Group if there were other things to cheer about the company. But alas, the pot grower's results have hardly been satisfactory.True, Cronos continues to record rapidly growing revenue. In the second quarter, which ended June. 30, Cronos Group's net revenue came in at $15.6 million, 58% higher than the year-ago period. Although the company recorded a gross loss of $15.8 million, which was much worse than the gross loss of $2.9 million it recorded during the third quarter of 2020. It seems that even as the revenues increase, the cost of sales and inventory write-downs outpace the sales, which could hint at some operational issues. Cronos Group also reported an operating loss of $60.2 million, which was worse than the operating loss of $34.7 million it recorded for the year-ago period. Cronos Group's net income of $56.8 million during the quarter was due to noncash income that isn't at all related to its day-to-day business operations. That's very disappointing because recreational use of marijuana has been legal in Canada since late 2018.At this stage, many expected cannabis companies to be performing a lot better than they are. That's especially the case for Cronos Group since it famously partnered up with **Altria**. In 2018, the tobacco giant, Altria, invested 2.4 billion Canadian dollars in Cronos and acquired a 45% stake in the pot company. Altria's large cash reserves and vast international footprints were supposed to help catapult Cronos Group to the next level.But three years after the fact, the cannabis company remains unable to record consistent profits -- that is, without relying on gains on the revaluation of derivative liabilities related to the deal with Altria. What's more, Cronos Group's revenue figures pale in comparison to those of many of its peers. Investors interested in cannabis companies would be better served considering purchasing shares of a company like **Trulieve Cannabis**, which has an impressive presence across the U.S. and is [consistently profitable](https://www.fool.com/investing/2021/12/20/this-wildly-undervalued-cannabis-stock-could-go-pa/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df).As far as Cronos Group is concerned, perhaps the company has a bright future ahead but based on the available data, it's not worth it to invest in this company right now. **10 stocks we like better than Inovio Pharmaceuticals** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=006ba1bd-cdb7-4646-87f9-81407591ec1b&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DInovio%2520Pharmaceuticals&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df) for investors to buy right now... and Inovio Pharmaceuticals wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=006ba1bd-cdb7-4646-87f9-81407591ec1b&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DInovio%2520Pharmaceuticals&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=c80bbc40-bc56-4575-966b-dacc2c5515df)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 3.39864
Stock Price 2 days before: 3.42414
Stock Price 1 day before: 3.34944
Stock Price at release: 3.40206
Risk-Free Rate at release: 0.0004
| 3.43807 |
Broader Economic Information:
Date: 2022-01-29
Title: 7 Little-Known Penny Stocks That Could Take Off Any Moment
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Usually, investment writers bury the fine print at the end of the article. You know the story, though: all investments involve risk and therefore, you must practice due diligence. That’s fine when discussing blue-chip equities. But when you’re dealing with penny stocks, you’ve got to go above and beyond. One of the biggest reasons for the extra precautionary disclosures is that penny stocks are wildly risky. When you speak with a certified investment professional (as in, not this author), you will almost certainly be directed to a portfolio of high-quality securities and investments with rational bullish narratives. Unfortunately, the speculative fare tempts you with their cheap prices — which typically get cheaper after purchase.Sure, your “friends” on social media will brag about their gains and their newfound financial freedom acquired through penny stocks. First off, people lie on the internet (believe me, it happens). Second, someone somewhere will win the lottery. But that doesn’t bear any relevance to whether you will win out. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Therefore, I’m going to share with you what my former martial arts instructor told me: rule number one is don’t get hurt. This applies to self-defense as it does to these penny stocks to consider. - **Bolt Biotherapeutics** (NASDAQ: [BOLT](https://investorplace.com/stock-quotes/bolt-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AMMO Inc.** (NASDAQ: [POWW](https://investorplace.com/stock-quotes/poww-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Seanergy Maritime** (NASDAQ: [SHIP](https://investorplace.com/stock-quotes/ship-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McEwen Mining** (NYSE: [MUX](https://investorplace.com/stock-quotes/mux-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Waitr** (NASDAQ: [WTRH](https://investorplace.com/stock-quotes/wtrh-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Boxlight** (NASDAQ: [BOXL](https://investorplace.com/stock-quotes/boxl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **First Graphene** (OTCMKTS: [FGPHF](https://investorplace.com/stock-quotes/fgphf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) Overall, the important point is that if you decide to gamble on these ideas, you’re doing it because you feel it’s the right opportunity. Don’t let me or anybody else sway you into investments you are not comfortable taking. And with that in mind, let’s dive in and take a closer look at these penny stocks to consider. **Penny Stocks: Bolt Biotherapeutics ([BOLT](https://www.nasdaq.com/market-activity/stocks/BOLT)))** [A close-up concept image of a tiny glass vial with a strand of DNA in it.](https://investorplace.com/wp-content/uploads/2021/03/biotech-stocks-2-300x169.jpg) Source: Shutterstock Most of the ideas I have will be priced literally as penny stocks, at least as of the time of this writing. In contrast, most folks will consider Bolt Biotherapeutics as being priced on the upper spectrum of what would be considered a penny stock. However, you should note that one year ago, Bolt was one of the more promising initial public offerings (IPO) in the biotechnology space.On Feb. 5, 2021, shares closed at $32.15. However, at the end of the third week of 2022, BOLT stock ended the session at $3.63, nearly an 89% loss. Even on a year-to-date (YTD) basis, the numbers are horrifying, with a drop of more than 30%. If you didn’t pay attention to anything I said about penny stocks above, it’s time to sober up.This is not a comfortable trade by any stretch of the imagination.However, there is a possibility that Bolt — which is pioneering a new category of targeted immunotherapies to facilitate anti-tumor immune responses — could eventually enjoy a resurgence. Currently, a huge need exists for therapeutics designed to address difficult-to-treat solid tumors. With that in mind, Bolt has provided some encouraging data, though early-stage biotechs are almost always crapshoots. **AMMO Inc. ([POWW](https://www.nasdaq.com/market-activity/stocks/POWW)))** [many ammunition bullets pattern background](https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg) Source: ThomasLENNE / Shutterstock.com A positive element about penny stocks is that they can facilitate equity ownership in underappreciated industries. I’m not entirely sure I would classify the ammunition industry as underappreciated, but the supply shortage that prompted massive runs on guns and price hikes on ammo created a huge opportunity for AMMO Inc.However, the narrative has shifted, at least on the charts. On a YTD basis, POWW stock plummeted nearly 25%. Over the trailing six months, the damage is even more pronounced, with the security hemorrhaging more than 43%. Some of the negativity could be due to shareholders being worried about [Ammo’s acquisition of GunBroker.com](https://www.benzinga.com/markets/penny-stocks/22/01/25128592/acquisition-gives-ammo-nasdaq-poww-an-online-marketplace), which is the world’s largest marketplace for firearms and related products.In my view, the selloff seems overdone, mainly because the supply crunch in the ammo industry isn’t yet over. According to the National Interest, both hunters and stores in the deep south are “having [trouble accessing ammunition](https://nationalinterest.org/blog/buzz/deep-south-faces-ammo-shortage-199756) during the height of hunting season.” - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) Of course, a major headwind is that new production takes time to distribute throughout the supply chain. Furthermore, the spike in gun demand from average everyday citizens have forced ammo manufacturers to concentrate on the most profitable calibers. Either way, there’s still a supply shortage, boding well for POWW stock. **Penny Stocks: Seanergy Maritime ([SHIP](https://www.nasdaq.com/market-activity/stocks/SHIP)))** [A photo of a large oil shipping rig.](https://investorplace.com/wp-content/uploads/2020/04/oil-shipping-3-300x169.jpg) Source: Shutterstock From a charting analysis perspective, Seanergy Maritime is among the more intriguing penny stocks. While other speculative ideas have incurred horrendous losses on a YTD basis, SHIP stock has kept relatively afloat, losing only 4%. That’s a better profile than some of the blue-chip equities that I’ve seen during this broader market fallout.With the exception of a brief blip higher, SHIP stock has been trending in a horizontal channel since the beginning of December last year. That’s usually a frustrating condition for most other asset categories. For penny stocks, though, it could be a sign that at any moment, a wave of buying activity could lift SHIP stock — if only temporarily.According to its website, Seanergy is billed as the “ [only pure-play Capesize shipping company](https://www.seanergymaritime.com/en/about/company-profile) listed in the US capital markets.” As you know, the shipping industry has been under the microscope due to the ongoing global supply chain crisis. But looking beyond the novel coronavirus pandemic, experts project the dry bulk shipping market to be worth $5.5 billion by 2030, registering a [compound annual growth rate of 4% between 2022 and 2030](https://www.marketresearchfuture.com/reports/dry-bulk-shipping-market-8308).Sure, it’s slow growth. But at these deflated levels, SHIP stock might be interesting to the hardened speculator. **McEwen Mining ([MUX](https://www.nasdaq.com/market-activity/stocks/MUX)))** [a cart filed with gold in a gold mine](https://investorplace.com/wp-content/uploads/2019/07/mining1600c-300x169.jpg) Source: Shutterstock As I write this, McEwen Mining closed the Jan 21. session at 95 cents. Depending on how broader sentiment plays out, this could be one of the penny stocks that are no longer literally the case by the time you read this. Specializing in precious metal mining, MUX stock might generate interest among those who wish to speculate on the possibly incoming fear trade.Although an interesting concept, it’s a tough one to have confidence in. Namely, the Federal Reserve has admitted great concern over [soaring consumer prices](https://www.nytimes.com/2021/12/10/business/cpi-inflation-november-2021.html#:~:text=The%20Consumer%20Price%20Index%20climbed,quickest%20annual%20reading%20since%201991.). Therefore, it seems a sure bet that the central bank will implement an aggressively hawkish monetary policy. That will likely raise borrowing costs, thus lifting the dollar above other international currencies.On paper, that wouldn’t be positive for precious metals. Then again, this sector has been looking enticing since December last year. It could be that fear of the unknown will lift the metals, irrespective of a rising dollar. - [7 Penny Stocks To Pick Up for Profits in Q1](https://investorplace.com/2022/01/7-penny-stocks-to-pick-up-for-profits-in-q1/?utm_source=Nasdaq&utm_medium=referral) However, it’s also important to note that McEwen is [also involved in copper mining](https://www.mcewenmining.com/operations/los-azules/default.aspx), with the underlying asset being critical for [electric vehicles](https://investorplace.com/understanding-investment-opportunity-electric-vehicle-ev-stocks/?utm_source=Nasdaq&utm_medium=referral) (EVs). That’s no guarantee of upside, but MUX stock is one of the penny stocks to watch carefully. **Penny Stocks: Waitr ([WTRH](https://www.nasdaq.com/market-activity/stocks/WTRH)))** [Photo of Waitr (<a href=](https://investorplace.com/wp-content/uploads/2020/03/shutterstock_1109209376-300x169.jpg) WTRH) logo in a mobile app store browser." width="300" height="169">Source: PREMIO STOCK / Shutterstock.com To be completely upfront, I don’t have the greatest of confidence in Waitr, an on-demand food-delivery service that connects users with several local establishments. As you might imagine, the platform experienced a surge in demand following the initial intrusion of the coronavirus pandemic. But as people became acclimated to the crisis, WTRH stock suffered considerably.Also, Waitr came to the public market via a reverse merger with a [special purpose acquisition company](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) (SPAC) before SPACs became a hot commodity. Still, post-business combination [SPACs have underperformed benchmark indices](https://www.indxx.com/indices/thematic/indxx-spac--nextgen-ipo-index-tr) over the trailing year. Overall, WTRH stock truly demonstrates the risks involved with merging with shell companies. The equity unit is down almost 95% against its $10 initial offering price.However, is there an outside chance that WTRH stock could be worth something for the speculator? Suffering a 25% YTD loss, the situation doesn’t look good. However, mitigation protocols to address the omicron threat makes going to restaurants a bit of a drag. More critically, according to experts, a possibility still exists that a [highly infectious and deadly variant could emerge](https://www.msn.com/en-us/health/medical/more-infectious-than-omicron-deadly-like-delta-ucsd-doc-on-possibilities-for-future-covid-variants/ar-AASXuOU?ocid=msedgntp).That said, I don’t want to think about it and that’s the point. WTRH stock is one of the penny stocks that largely only has a cynical thesis. **Boxlight (BOXL)** [Boxlight (BOXL) website under magnifying glass](https://investorplace.com/wp-content/uploads/2020/07/boxl-stock-300x169.jpg) Source: Pavel Kapysh / Shutterstock.com Billed as an [innovative education platform](https://mimio.boxlight.com/) that provides better solutions for better results, Boxlight from a bigger-picture perspective seems like one of the most compelling penny stocks available. Essentially, the company offers a holistic solution to the academic market, enabling students to learn key subjects such as STEM (science, technology, engineering, math) in an effective manner, thus improving educational outcomes for everyone.Sadly, the market doesn’t exactly feel the same way. Since the January opener, BOXL shares have dropped nearly 26%, a conspicuously steep figure even when stacked against other risky penny stocks. Over the trailing half-year period, the security has succumbed to a 48% move below parity.If you’re asking why, the issue likely stems from the omicron variant, specifically its impact on school systems. They’re shutting down, eschewing the traditional learning experience for at-home learning. It’s a tough position to be in because, in the name of safety, [we could really be damaging future generations of American workers](https://www.washingtonpost.com/outlook/2022/01/06/omicron-school-closures/). - [7 Undervalued Stocks That Won't Stay That Way for Long](https://investorplace.com/2022/01/7-undervalued-stocks-that-wont-stay-deflated/?utm_source=Nasdaq&utm_medium=referral) Furthermore, the Washington Post warned about a lost generation as research indicates [students are sliding backward](https://www.washingtonpost.com/education/students-falling-behind/2020/12/06/88d7157a-3665-11eb-8d38-6aea1adb3839_story.html). Thus, Boxlight’s relevance could spike up BOXL stock. We just don’t know when that will be. **Penny Stocks: First Graphene (FGPHF)** [A digital illustration of 3D graphene molecules.](https://investorplace.com/wp-content/uploads/2020/11/graphene-300x169.jpg) Source: Shutterstock Before we get into a discussion about First Graphene, I own a few shares of this extremely speculative idea. Therefore, take it with a grain of salt and always conduct your due diligence, especially with risky penny stocks.Although buying shares presently priced at 14 cents is not necessarily the wisest move, I was nevertheless encouraged by the underlying narrative. As one of the few legitimate research and developers of graphene-based products, First Graphene has enormous potential provided that its business strategies go according to plan. As the [strongest material known to exist](https://newscenter.lbl.gov/2016/02/08/graphene-is-strong-but-is-it-tough/#:~:text=Graphene%2C%20a%20material%20consisting%20of,extraordinary%20mechanical%20and%20electrical%20properties.), the namesake asset offers substantial additive applications.For instance, graphene-treated concrete could yield more resilient buildings and cut down on material waste. Also, concrete is a [surprising source of carbon emissions](https://www.bbc.com/news/science-environment-46455844); thus, improving its durability is an environmentally accretive endeavor.If that wasn’t enough to pique your curiosity, First Graphene recently [achieved a milestone with its high-performing supercapacitor materials project](https://firstgraphene.net/graphene-based-supercapacitor-materials-deliver-85-improvement-in-energy-density-levels/), which has obvious implications for EVs and the next generation of clean transportation initiatives. It’s no wonder so many have labeled graphene as a miracle material.Still, this is a super-risky play. So only gamble with money you can afford to lose. On the date of publication, Josh Enomoto held a LONG position in FGPHF. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.The post [7 Little-Known Penny Stocks That Could Take Off Any Moment](https://investorplace.com/2022/01/7-little-known-penny-stocks-take-off-any-moment/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Do Insiders Own Lots Of Shares In First Bank (NASDAQ:FRBA)?
Article: The big shareholder groups in First Bank (NASDAQ:FRBA) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.First Bank is a smaller company with a market capitalization of US$278m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about First Bank. [ownership-breakdown](https://images.simplywall.st/asset/chart/33370838-ownership-breakdown-1-dark/1643371674834) NasdaqGM:FRBA Ownership Breakdown January 28th 2022**What Does The Institutional Ownership Tell Us About First Bank?**Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that First Bank does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at First Bank's earnings history below. Of course, the future is what really matters.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/33370838-earnings-and-revenue-growth-1-dark/1643371677062) NasdaqGM:FRBA Earnings and Revenue Growth January 28th 2022First Bank is not owned by hedge funds. Our data shows that Patriot Financial Partners, L.P. is the largest shareholder with 8.2% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder. In addition, we found that Patrick Ryan, the CEO has 0.8% of the shares allocated to their name. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. **Insider Ownership Of First Bank** The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in First Bank. As individuals, the insiders collectively own US$22m worth of the US$278m company. It is good to see some investment by insiders, but it might be worth checking [if those insiders have been buying.](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#insider_trading) **General Public Ownership** With a 48% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Bank. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. **Private Equity Ownership** With a stake of 14%, private equity firms could influence the First Bank board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. **Next Steps:**It's always worth thinking about the different groups who own shares in a company. But to understand First Bank better, we need to consider many other factors. For instance, we've identified [2 warning signs for First Bank (1 is a bit concerning) ](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check [this free report showing analyst forecasts for its future](https://simplywall.st/stocks/us/banks/nasdaq-frba/first-bank?blueprint=1875013&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTAxMzo5ODc2MzA2ODIzODJjYTlk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx)**Mercantile Bank** [MBWM](https://www.nasdaq.com/market-activity/stocks/mbwm): This company that serves businesses and consumers across Grand Rapids and Kent County has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days. **Mercantile Bank Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart)[Mercantile Bank Corporation price-consensus-chart](https://www.zacks.com/stock/chart/MBWM/price-consensus-chart?icid=chart-MBWM-price-consensus-chart) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm) This Zacks Rank #1 company has a dividend yield of 3.12%, compared with the industry average of 2.56%. **Mercantile Bank Corporation Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm)[Mercantile Bank Corporation dividend-yield-ttm](https://www.zacks.com/stock/chart/MBWM/fundamental/dividend-yield-ttm?icid=chart-MBWM-fundamental/dividend-yield-ttm) | [Mercantile Bank Corporation Quote](https://www.nasdaq.com/market-activity/stocks/mbwm)**KeyCorp** [KEY](https://www.nasdaq.com/market-activity/stocks/key): This company that provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. **KeyCorp Price and Consensus** [](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart)[KeyCorp price-consensus-chart](https://www.zacks.com/stock/chart/KEY/price-consensus-chart?icid=chart-KEY-price-consensus-chart) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) This Zacks Rank #1 company has a dividend yield of 3.09%, compared with the industry average of 2.66%. **KeyCorp Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm)[KeyCorp dividend-yield-ttm](https://www.zacks.com/stock/chart/KEY/fundamental/dividend-yield-ttm?icid=chart-KEY-fundamental/dividend-yield-ttm) | [KeyCorp Quote](https://www.nasdaq.com/market-activity/stocks/key) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Find more top income stocks with [some of our great premium screens](https://www.zacks.com/screening/premium-screens)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_270_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [KeyCorp (KEY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KEY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Mercantile Bank Corporation (MBWM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MBWM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Riley Exploration Permian, Inc. (REPX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=REPX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_270&cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858864/best-income-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|income_additions-1858864) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: Boot Barn (BOOT) Q3 Earnings Miss, Revenues Increase Y/Y
Article: **Boot Barn Holdings, Inc.** [BOOT](https://www.nasdaq.com/market-activity/stocks/boot) came up with third-quarter fiscal 2022 results wherein the top line met the Zacks Consensus Estimate, while the bottom line missed the same. Markedly, both sales and earnings per share improved year over year, as the company successfully navigated the challenging environment, on the back of merchandising strategies and omni-channel capabilities. We note that merchandise margin remained solid.Notably, this Zacks Rank #3 (Hold) stock has increased 11.3% in the past six months against the [industry](https://www.zacks.com/stocks/industry-rank/industry/retail-apparel-and-shoes-154)’s decline of 36.1%. **Let’s Introspect** This lifestyle retailer of western and work-related footwear, apparel and accessories posted third-quarter adjusted earnings of $2.23 per share that missed the Zacks Consensus Estimate of $2.26. Nonetheless, the bottom line improved substantially from 99 cents reported in the year-ago period. Including the benefit due to income tax accounting for share-based compensation, quarterly earnings came in at $2.27 per share, up meaningfully from $1.00 in the prior-year period.Net sales of $485.9 million matched the Zacks Consensus Estimate. The metric surged 60.7% year over year owing to same-store sales growth and sales contribution from new stores opened over the past 12 months. Meanwhile, retail stores sales grew 64% year over year to $396.5 million, while e-commerce sales advanced 49% to $89.4 million.Consolidated same store sales rose 54.2% in the third quarter, following an increase of 61.7% in the second quarter. Retail store same store sales climbed 55.7% for the quarter under discussion, after increasing 66% in the preceding quarter. Again, e-commerce same store sales surged 48.4% during the quarter under review. This followed an increase of 41.6% in the preceding quarter.Boot Barn Holdings continued with its upbeat momentum into the fourth quarter, even as it cycled last year’s robust performance fueled by stimulus payments. For the fourth-quarter to date, retail stores sales jumped 49% year over year to $91.9 million, while e-commerce sales rose 62% to $18.3 million. **Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart)[Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BOOT/price-consensus-eps-surprise-chart?icid=chart-BOOT-price-consensus-eps-surprise-chart) | [Boot Barn Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/boot)**How Margins Fare?**Gross profit of $191.7 million soared 79.4% from the prior-year period owing to higher sales. Gross margin expanded 410 basis points to 39.4% on account of 140 basis points of leverage in buying and occupancy costs as a result of expense leverage on higher sales and 270 basis points jump in merchandise margin. Merchandise margin increased as a result of robust full-price selling and expansion in exclusive brand penetration. For fiscal 2022, Boot Barn Holdings projected exclusive brand penetration growth of 450 basis points compared with last fiscal.Income from operations of $92.2 million rose significantly from $41.6 million in the year-ago quarter. Operating margin increased 520 basis points to 19%. **A Sneak Peek into Other Metrics** During the third quarter, Boot Barn Holdings opened 11 stores taking the total count to 289 stores as of Dec 25, 2021. For fiscal 2022, the company anticipates new unit growth of 10%.We note that average inventory per store jumped 22% on a same store basis compared to Dec 26, 2020. For fiscal 2022, management envisions capital expenditures in the band of $41-$43 million.Boot Barn Holdings ended the quarter with cash and cash equivalents of $114.7 million and stockholders’ equity of $553.3 million. During the quarter, the company repaid the remaining balance of the $50 million term loan and had zero drawn on its revolving credit facility. **Don’t Miss These Solid Bets** Here are three more favorably ranked stocks — **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz), **Citi Trends** [CTRN](https://www.nasdaq.com/market-activity/stocks/ctrn) and **Capri Holdings** [CPRI](https://www.nasdaq.com/market-activity/stocks/cpri).Zumiez, a leading specialty retailer of apparel, footwear, accessories and hardgoods, flaunts a Zacks Rank #1 (Strong Buy). ZUMZ’s bottom line has outperformed the Zacks Consensus Estimate in the last reported quarter by a margin of 15.7%. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.The Zacks Consensus Estimate for Zumiez’s current financial year sales and EPS suggests growth of 20.2% and 63%, respectively, from the year-ago period. Citi Trends, a specialty value retailer of apparel, accessories and home trends, sports a Zacks Rank #1. CTRN has a trailing four-quarter earnings surprise of 79.5%, on average.The Zacks Consensus Estimate for Citi Trends’ current financial year sales and EPS suggests growth of 26.7% and 186.6%, respectively, from the year-ago period.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2 (Buy). The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. 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(CTRN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CTRN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BOOT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [Capri Holdings Limited (CPRI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CPRI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859129/boot-barn-boot-q3-earnings-miss-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859129)
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Date: 2022-01-29
Title: 7 Hidden-Gem Stocks to Buy for the Long-Term
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (<a href=](https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg) FNKO)." width="300" height="169">Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-29
Title: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (<a href=](https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-3-300x169.jpg) TCEHY) sign on Tencent headquarters in Shenzhen, China." width="300" height="169">Source: StreetVJ / Shutterstock.com** What’s Happening With DOYU Stock** The announcement of this pending deal sent DOYU stock shooting up this morning. A previously overlooked penny stock, DOYU plunged last Friday, but following today’s gains, it is in the green. Indeed, it slid 4% as markets opened today but was quick to rebound. As of this writing, it is up almost 14% for the day. It’s up by more than 2% for the week and almost 3% for the month. However, DOYU stock was trading at more than $4 per share less than six months ago and is still at only $2.50.Tencent is also rising today, though its pattern has been one of turbulence. As of this writing, it is up 0.18% for the day but remains in the red for the week by just under 1.5%. In 2021, the company faced some regulatory hurdles when its merger with fellow Chinese game producer **Huya** (NYSE:** [HUYA](https://investorplace.com/stock-quotes/huya-stock-quote/?utm_source=Nasdaq&utm_medium=referral)**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates
Article: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-29
Title: Danaos Corporation Shares Climb 3.0% Past Previous 52-Week High - Market Mover
Article: Danaos Corporation ([DAC](https://kwhen.com/finance/profiles/DAC/summary))) shares closed 3.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 15.1% year-to-date, up 251.6% over the past 12 months, and up 136.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 74.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 10.2% higher than its 5-day moving average, 19.5% higher than its 20-day moving average, and 24.0% higher than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by 1433.3% - The company's stock price performance over the past 12 months beats the peer average by 142.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-29
Title: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks
Article: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This "steepening" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Sector Information:
Date: 2022-01-28
Title: Community Trust Bancorp, Inc. Declares Its Cash Dividend
Article: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.
Date: 2022-01-28
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS
Article: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Date: 2022-01-28
Title: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Article: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Symbol: TDOC
Security: Teladoc Health, Inc.
Related Stocks/Topics: SHOP|Markets|TSLA
Title: 3 Cathie Wood Stocks That Could Deliver Superior Returns
Type: News
Publication: The Motley Fool
Publication Author: Neha Chamaria
Date: 2022-01-29
Article: Cathie Wood's ARK Invest group of [exchange-traded funds](https://www.fool.com/investing/how-to-invest/etfs/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) lost substantial value in 2021, but it's not hard to see why. The famed stock investor's funds are heavily invested in growth stocks, and there has been a steady flight of money out of high-flying [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) into value stocks in recent months.Cathie Wood, however, remains unperturbed and continues to buy shares in disruptive companies. Wood has, in fact, often stressed, especially during volatile times like these, how ARK Invest invests with a five-year investment horizon in mind and how it takes advantage of market corrections to buy strong conviction stocks. Given the long-term focus and the underlying growth catalysts, here are three solid Cathie Wood stocks that could deliver big returns over time. **You can't miss this upcoming earnings report****Shopify** [(NYSE: SHOP)](https://www.nasdaq.com/market-activity/stocks/shop) shares have been hammered and are down a whopping 41% in 2022 alone so far, as of this writing. Aside from the broader market pressures, critics have also raised concerns about decelerating growth at Shopify. The thing is, e-commerce boomed during the COVID-19 pandemic as more people bought goods and services online, and many fear Shopify may not be able to sustain its growth momentum as the world returns to normalcy. Granted, Shopify said last quarter it expects revenue in 2021 to grow at a slower pace as compared with 2020, but that still doesn't justify the sharp drop in the stock price. [Two persons smiling while counting money. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663471%2Fpeople-counting-money.jpg&w=700) Image source: Getty Images. The pandemic is far from over, and even otherwise, e-commerce is a secular trend as the convenience of online shopping isn't going to wane. For its part, Shopify has built a niche within the e-commerce industry by focusing on entrepreneurs and small businesses and enabling them to set up and manage online shops. The response to Shopify's products and services so far has been nothing short of phenomenal -- its merchant count crossed 1.7 million and its gross merchandize value, or total value of sales, crossed $400 billion in the third quarter.Shopify's hunger to innovate, upgrade, and provide merchants with more facilities and features works hugely in its favor. To give you some examples, Shopify has tie-ups with nearly every social media platform, has its own logistics arm, and recently launched cross-border e-commerce services as well as a money management product for merchants. [Shopify is doing a lot more](https://www.fool.com/investing/2022/01/25/is-shopify-stock-a-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) to attract more merchants and corner a larger share of the e-commerce market. With Shopify all set to report its fourth-year numbers and provide guidance for 2022 in mid-February, it's a stock you'd want to watch closely. **A multibillion-dollar market with massive growth potential****Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc) is another compelling Cathie Wood stock that's been butchered lately – the virtual healthcare stock has halved in just the past three months. The fears are similar to but deeper than those attached with Shopify -- the COVID-19 pandemic hugely boosted the telehealth industry, and the market isn't sure how much Teladoc can grow as patients start visiting doctors and hospitals in-person again. Again, the fears are overdone and Teladoc's prospects underappreciated. Teladoc was a first-mover in the industry and is now the world's largest telehealth company. Importantly, Teladoc doesn't just offer virtual primary care but also specializes in chronic disease management, an area it entered after its big-ticket acquisition of Livongo in 2020. To expand its reach, Teladoc is now partnering with large health plan carriers and recently struck a partnership with the National Labor Alliance of Health Care Coalitions, the largest alliance of labor unions.Now to put some numbers to Teladoc's growth, it clocked an estimated 18 million visits and is estimated to have grown its revenue by nearly 85% to $2 billion in 2021. Sure, 2022 may not be as great for the company as 2021 in terms of revenue growth, but Teladoc still expects to grow revenue by compound annual rates of 25%-30% between 2021 and 2024, which means its annual revenue could cross $4 billion by 2024. Teladoc's total addressable market in the U.S. alone is worth hundreds of billions of dollars, and that alone means Teladoc's growth story may have only just started. **Cathie Wood is a fan of EVs, and the largest EV manufacturer** Given how **Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla) is the largest stock ARK Invest owns across all funds, Cathie Wood is evidently a big fan of the electric-vehicle (EV) giant. She's not wrong to be bullish about the largest EV maker in the world.[Tesla just delivered stellar numbers](https://www.fool.com/investing/2022/01/26/teslas-record-q4-in-5-must-see-takeaways/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) for its fourth quarter, reporting a 71% surge in vehicle deliveries and 65% jump in revenue year over year. It was a record quarter, with Tesla's operating profit margin almost tripling year over year to 14.7%. Tesla delivered a record number of 936,000 vehicles in 2021 despite the semiconductor chip supply crunch, and ended the quarter with $17.6 billion in cash and cash equivalents.Those are massive numbers for a company that delivered its first car barely 13 years ago, and yet, Tesla's growth potential is as strong as ever. Now there are [several EV makers out there](https://www.fool.com/investing/2022/01/23/3-top-ev-stocks-ready-for-a-bull-run/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) with promising technologies and cars, but Tesla has mastered what matters most in a complicated and capital-intensive industry like EV manufacturing -- large-scale production and the ability to add capacity to meet demand. Most importantly, Tesla also makes a profit, which is a huge milestone in the EV industry. Tesla is now not only expanding production capacity at existing factories but also trying to set up new manufacturing facilities including a gigafactory in Berlin so it can sell German-made vehicles in Europe in the near future. Tesla has the expertise, money, and resources to convert its big plans into reality even as [demand for EVs is expected to rise exponentially](https://www.fool.com/investing/2022/01/23/3-top-ev-stocks-ready-for-a-bull-run/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) in the coming years. Combined, the two factors could prove to be the biggest growth drivers for Tesla's stock price. **Find out why Shopify****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Shopify [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=177c7e03-33cf-4ec1-91be-3f463da60706&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=177c7e03-33cf-4ec1-91be-3f463da60706&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=836932cd-d433-40dd-8c5a-dfce71eab338) *Stock Advisor returns as of January 10, 2022 [Neha Chamaria](https://boards.fool.com/profile/TMFNehams/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Shopify, Teladoc Health, and Tesla. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 73.1755
Stock Price 2 days before: 70.0519
Stock Price 1 day before: 67.3367
Stock Price at release: 71.8074
Risk-Free Rate at release: 0.0004
| 69.6886 |
Broader Economic Information:
Date: 2022-01-28
Title: Cognyte Software (NASDAQ:CGNT) Is Finding It Tricky To Allocate Its Capital
Article: If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. Basically the company is earning less on its investments and it is also reducing its total assets. So after we looked into **Cognyte Software** (NASDAQ:CGNT), the trends above didn't look too great. **Return On Capital Employed (ROCE): What is it?**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Cognyte Software, this is the formula: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.016 = US$5.7m ÷ (US$569m - US$215m) (Based on the trailing twelve months to October 2021).Therefore, **Cognyte Software has an ROCE of 1.6%.** In absolute terms, that's a low return and it also under-performs the Software industry average of 11%.[roce](https://images.simplywall.st/asset/chart/689699538-roce-1-dark/1643365749621) NasdaqGS:CGNT Return on Capital Employed January 28th 2022Above you can see how the current ROCE for Cognyte Software compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Cognyte Software [here ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** The trend of returns that Cognyte Software is generating are raising some concerns. Unfortunately, returns have declined substantially over the last two years to the 1.6% we see today. What's equally concerning is that the amount of capital deployed in the business has shrunk by 33% over that same period. The fact that both are shrinking is an indication that the business is going through some tough times. If these underlying trends continue, we wouldn't be too optimistic going forward. **The Bottom Line** In summary, it's unfortunate that Cognyte Software is shrinking its capital base and also generating lower returns. It should come as no surprise then that the stock has fallen 65% over the last year, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.On a final note, we've found [3 warning signs for Cognyte Software ](https://simplywall.st/stocks/us/software/nasdaq-cgnt/cognyte-software?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) that we think you should be aware of. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1874672&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDY3Mjo4OWRmYmNjODYxYmQ1ZDJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: 2 Top Metaverse Stocks to Buy and Hold for the Next 10 Years
Article: The world is abuzz about the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), an evolving technology that could reshape life as we know it. While somewhat nebulous, the term is straight out of science fiction. It describes a network of immersive virtual worlds that blend elements of social media, gaming, entertainment, and commerce, effectively creating a brand new economy.In fact, a recent Bloomberg report called the metaverse the "next big technology platform," and it put the market opportunity at $800 billion by 2024. But **Morgan Stanley** analyst Brian Nowak believes that figure could be as high as $8 trillion. Suffice it to say, this could be a tremendous opportunity for investors. With that in mind, **Unity Software** [(NYSE: U)](https://www.nasdaq.com/market-activity/stocks/u) and **Cloudflare** [(NYSE: NET)](https://www.nasdaq.com/market-activity/stocks/net) should both benefit as the metaverse continues to evolve. Here's why. [Person wearing a virtual reality headset and engaging with a nebulous cloud.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662755%2Fmetaverse-3.jpg&w=700) Image source: Getty Images. **Unity Software: The development engine** Unity is the leading platform for creating interactive, real-time 3D applications. Its software development engine has a suite of tools for animation, lighting, sound, and more, allowing clients to render physically accurate and immersive content -- the type of content that will bring the metaverse to life. And unlike traditional development solutions, Unity allows clients to deploy applications across more than 20 different platforms (including iOS and Android) without any recoding.Unity also offers a suite of tools that help developers monetize content and optimize user engagement, including products for in-app purchases, digital advertising, and user analytics. That end-to-end approach has made its platform popular in a number of different industries, including architecture, film, and retail. But Unity has truly distinguished itself in the gaming industry. In 2020, 71% of the top 1,000 mobile games were created on Unity's platform, up from 53% in 2019. And 94 of the top 100 game development studios were Unity customers.Not surprisingly, the company is growing its top line quickly. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $710.2 million & $1.0 billion & 43% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Investors should note that Unity is still unprofitable based on [GAAP metrics](https://www.fool.com/investing/how-to-invest/stocks/gaap-vs-non-gaap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef), but the company generated positive free cash flow of $34 million in the third quarter. Moreover, Unity posted a net expansion rate of 142%, meaning the average customer spent 42% more over the past year. In other words, clients are becoming increasingly dependent on its platform. That bodes well for the future. On that note, management puts its addressable market at $29 billion, citing untapped opportunities in both gaming and other industries. And long-term, the evolution of the metaverse should be a significant catalyst for Unity. That's why this growth stock looks like a smart way to [invest in that multi-trillion-dollar market](https://www.fool.com/investing/2021/12/13/2-top-metaverse-stocks-to-buy-and-hold/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef). **Cloudflare: The cloud infrastructure** Cloudflare specializes in cloud computing. Its platform includes a range of services that help clients accelerate and secure business-critical resources, including corporate networks, software, and websites. And because those services are delivered from the cloud, clients avoid the cost and complexity of managing on-premise network infrastructure.In the future, every aspect of the metaverse -- from virtual scenery and avatars to digital assets and activities -- will be defined by software, and that content will need to be fast, safe, and reliable to keep users engaged. Fortunately, that's what Cloudflare does best. In fact, its content delivery network already powers more than 19% of the internet, while **Fastly** ranks second with less than 2% market share.Additionally, Cloudflare's infrastructure agnostic strategy differentiates it from tech titans like **Microsoft** and **Amazon**. Specifically, its platform accelerates and secures resources across private data centers, public clouds, and multi-cloud environments, giving clients a single layer of visibility across their IT ecosystem. Tech titans can't offer that convenience.Financially, Cloudflare has posted impressive results on a consistent basis. During the most recent quarter, the company grew its customer base 31% to over 132,000, and the average customer spent 24% more in the last 12 months. Not surprisingly, revenue is growing quickly. And while Cloudflare remains unprofitable on a GAAP basis, management anticipates reaching breakeven by the first quarter of 2022. \begin{table}{|c|c|c|c|} \hline METRIC & Q3 2020 & Q3 2021 & CHANGE \\ \hline Revenue (TTM) & $389.1 million & $588.8 million & 51% \\ \hline \end{table} Data source: YCharts. TTM = trailing-12-months.Currently, management puts its addressable market at $86 billion, but that figure should rise as Cloudflare continues to grow its portfolio. And with tailwinds like digital transformation, remote work, and the metaverse at its back, the company is well-positioned to gain momentum in the coming years. That's why [this stock could make shareholders richer](https://www.fool.com/investing/2022/01/22/want-to-get-richer-2-unstoppable-stocks-to-buy-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) in the long run. **Find out why Unity Software Inc. ****is one of the 10 best stocks to buy now** Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed their ten top stock picks for investors to buy right now. Unity Software Inc. [is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) -- but there are nine others you may be overlooking.[Click here to get access to the full list!](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=74bd0d78-a1e9-4fb6-9be2-243e5fd38754&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=166c0eed-5c78-43b4-be15-2f2287f48cef) *Stock Advisor returns as of January 10, 2022 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) owns Amazon and Fastly. The Motley Fool owns and recommends Amazon, Cloudflare, Inc., Fastly, Microsoft, and Unity Software Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Date: 2022-01-28
Title: Star Group, L.P. to Host Fiscal 2022 First Quarter Webcast and Conference Call February 3, 2022
Article: STAMFORD, Conn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2022 first quarter results after the close of trading on February 2, 2022. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, February 3, 2022, to review the three months ended December 31, 2021. The webcast will be accessible on the company’s website, at [www.stargrouplp.com](https://www.globenewswire.com/Tracker?data=xFslKbsoQoRpbdChgcaIHRPJG2ftWubY3efTxVMxextm69zpkprqQNwkd3x10CcADhxM2muwwkwL-pCPD0bjqVf2ax2EENswzSthSItSf4g=), and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). **About Star Group, L.P. **Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at [www.sec.gov](http://www.sec.gov/) and by visiting Star's website at [www.stargrouplp.com](http://www.stargrouplp.com/), where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. **Forward Looking Information** This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including those associated with the severity and duration of the novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on the U.S. and global economies, the timing, scope and effectiveness of federal, state and local governmental responses to the pandemic, the effect of weather conditions on our financial performance; the price and supply of the products that we sell; the consumption patterns of our customers; our ability to obtain satisfactory gross profit margins; our ability to obtain new customers and retain existing customers; our ability to make strategic acquisitions; the impact of litigation; our ability to contract for our current and future supply needs; natural gas conversions; future union relations and the outcome of current and future union negotiations; the impact of current and future governmental regulations, including climate change, environmental, health and safety regulations; the ability to attract and retain employees; customer creditworthiness; counterparty creditworthiness; marketing plans; cyber-attacks; inflation; global supply chain issues; labor shortages; general economic conditions and new technology. All statements other than statements of historical facts included in this news release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2021. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. Currently, one of the most significant factors, however, is the potential adverse effect of the pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its customers and counterparties and the global economy and financial markets. The extent to which COVID-19 impacts us and our customers will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. \begin{table}{|c|c|} \hline CONTACT: & \\ \hline Star Group & Chris Witty \\ \hline Investor Relations & Darrow Associates, Inc. \\ \hline 203/328-7310 & 646/438-9385 or [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2MjgxNiM0NjkwNzQ2IzIwODIwMzA=) [Image](https://ml.globenewswire.com/media/NGFjMWVhZTItMDE4YS00YWVlLWJjNDEtOWE4Zjc3MmJiNjg3LTEwOTM2MDE=/tiny/Star-Group-L-P-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0dba9914-8cc6-419e-bbfd-a2a7c1cbd782) Source: Star Group, L.P.
Broader Industry Information:
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: Esperion Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
Article: ANN ARBOR, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Esperion (NASDAQ: ESPR) today announced that, on January 27, 2022, the Compensation Committee of Esperion’s Board of Directors granted four new employees (i) non-qualified stock options to purchase an aggregate of 100,450 shares of its common stock, all of which were granted to Benjamin Looker, Esq., the Company’s newly appointed General Counsel, and (ii) 204,771 restricted stock units (RSUs), 70,800 of which were awarded to Mr. Looker, under Esperion’s 2017 Inducement Equity Incentive Plan. The 2017 Inducement Equity Incentive Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of Esperion (or following a bona fide period of non-employment), as an inducement material to such individual's entering into employment with Esperion, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The options have an exercise price of $3.65 per share, which is equal to the closing price of Esperion's common stock on January 27, 2022. Each option and RSU will vest and become exercisable as to twenty-five percent of the shares on the one-year anniversary of the recipient’s vesting commencement date, and will vest and become exercisable as to the remaining 75 percent of the shares in twelve equal quarterly installments at the end of each quarter following such anniversary, in each case, subject to each such employee's continued employment with Esperion on such vesting dates. The options and RSUs are subject to the terms and conditions of Esperion’s 2017 Inducement Equity Incentive Plan, and the terms and conditions of the stock option and RSU agreement covering the grant. **Esperion Therapeutics** Esperion works hard to make our medicines easy to get, easy to take and easy to have. We discover, develop and commercialize innovative medicines and combinations to lower cholesterol, especially for patients whose needs aren’t being met by the status quo. Our entrepreneurial team of industry leaders is inclusive, passionate and resourceful. We are singularly focused on managing cholesterol so you can improve your health easily. Esperion commercializes NEXLETOL® (bempedoic acid) and NEXLIZET® (bempedoic acid and ezetimibe) Tablets and is the leader in the development of convenient oral, once-daily non-statin LDL-cholesterol lowering drugs for patients with high levels of bad cholesterol. For more information, please visit [www.esperion.com](http://www.esperion.com/) and follow us on Twitter at [www.twitter.com/EsperionInc](http://www.twitter.com/EsperionInc). Contact:Ben Church [[email protected]](https://www.globenewswire.com/Tracker?data=6sKfpNN4yE7HC4PotuRHvwCHDBspLlLbyA9zXiuDyOawPFpBjohz071zuaG2NCnKwTt1W9x-Mn1AmiozZZlwmImqPGevBpkckmca73IB7Zw=) 734-864-6774 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI3NCM0Njk5MzQ3IzIwMDcxNDE=) [Image](https://ml.globenewswire.com/media/NDdhNDRlYTktNjBkNS00Nzg3LWIyMTMtNTIwMzY3NzdjYWM2LTEwMTg3MTQ=/tiny/Esperion-Therapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/6af55bc4-856a-4007-b242-baeb422ba7e7) Source: Esperion Therapeutics, Inc.
Date: 2022-01-28
Title: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline
Article: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)
Date: 2022-01-28
Title: Whitestone REIT Announces Tax Characteristics of 2021 Distributions
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2021 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2021, which will be reported on Form 1099-DIV, are as follows: \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Ex-Dividend Date & Record Date & Payable Date & Total Distribution Per Share & Ordinary Dividends & Total Capital Gain Distribution & Unrecaptured Sec 1250 Gain (1) & Return of Capital (Nontaxable Distribution) & Section 199A Dividends (2) \\ \hline 1/4/2021 & 1/5/2021 & 1/14/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 2/1/2021 & 2/2/2021 & 2/11/2021 & $ & 0.035000 & $ & 0.028240 & & $ & - & & $ & - & & $ & 0.006760 & & $ & 0.028240 & \\ \hline 3/1/2021 & 3/2/2021 & 3/11/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 4/1/2021 & 4/5/2021 & 4/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 5/3/2021 & 5/4/2021 & 5/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 6/1/2021 & 6/2/2021 & 6/10/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 7/1/2021 & 7/2/2021 & 7/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 8/2/2021 & 8/3/2021 & 8/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 9/1/2021 & 9/2/2021 & 9/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 10/1/2021 & 10/4/2021 & 10/14/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 11/1/2021 & 11/2/2021 & 11/12/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline 12/1/2021 & 12/2/2021 & 12/13/2021 & $ & 0.035833 & $ & 0.028912 & & $ & - & & $ & - & & $ & 0.006921 & & $ & 0.028912 & \\ \hline & & 2021 Total & $ & 0.428330 & $ & 0.345600 & & $ & - & & $ & - & & $ & 0.082730 & & $ & 0.345600 & \\ \hline & & & & & 80.685 & % & & 0.000 & % & & 0.000 & % & & 19.315 & % & & 80.685 & % \\ \hline \end{table} (1) Represents additional characterization of, and is included in, "Total Capital Gain Distribution." (2) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in "Ordinary Dividends." Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department. **About Whitestone REIT** Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops, and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to Create Communities in Our Properties through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of local, regional and national tenants that provide daily necessities, needed services, entertainment, and experiences. Whitestone (NYSE: WSR) pays monthly dividends to its shareholders and it has consistently done so for more than 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit [www.whitestonereit.com](https://www.globenewswire.com/Tracker?data=59r90FGyXs18Swu6gxTm0L99FZNNfJp2Gs96Ms3MfoaC3s7w3PRXItxCQ9_PrlWI-zRjVkv-AFb7RFAZ5J0Ys1kFJB_XfRkemKlTYoXBS3A=) and [www.linkedin.com/company/whitestone-reit](https://www.globenewswire.com/Tracker?data=PrB_w_U1sxnIv0h3WAdoT3MDXwl3tQWRDX17TqcKrFTqRkCuqHVBntC2h3lHQchm0YqiSN2OJyAeHrAC0wGAoHY5l3nkUvlUarZXJ7-Vqdf-8nDl5geJqda3go5PlExww4ormTNVehiloOPBemhoQg==). **Contact Whitestone REIT:**Rebecca ElliottVice President, Corporate Communications(713) 435-2219 [[email protected]](https://www.globenewswire.com/Tracker?data=WLPQebqJFW-gDvRu43p-GK4830-GHHDrd258KwCYdlEDkBOx956DPi2E92GdvFPKPFnJYgWJfkpbPo0SOFXaNeP02o5wwBCaJGrclds-OLjuMlNGEgM6Q1cebudZSUcD) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ0NiM0Njk5ODQzIzIwMjA5Mzg=) [Image](https://ml.globenewswire.com/media/MGQ4YjBmNmEtZTgyZC00ZTRkLTg2NTItNDU4ZDhjYzA2NjY0LTEwMzIzMjc=/tiny/Whitestone-REIT.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/a6680bee-036d-48eb-b835-e1f304edefad) Source: Whitestone REIT
Date: 2022-01-28
Title: Safehold Inc Shares Near 52-Week Low - Market Mover
Article: Safehold Inc ([SAFE](https://kwhen.com/finance/profiles/SAFE/summary))) shares closed today at 1.5% above its 52 week low of $58.08, giving the company a market cap of $3B. The stock is currently down 26.1% year-to-date, down 22.8% over the past 12 months, and up 240.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 12.2% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 665.8% - The company's stock price performance over the past 12 months lags the peer average by -254.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Vital Farms Expands Stephanie Coon’s Role to Senior Vice President of People and Strategy
Article: AUSTIN, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Vital Farms (Nasdaq: VITL), a Certified B Corporation that offers a range of ethically produced foods nationwide, today announced the expansion of Stephanie Coon’s role to Senior Vice President of People and Strategy. In this newly created role, Coon will lead Vital Farms’ People function in addition to her current team which includes Strategy, Project Management, and New Ventures. “As we think about our long-term growth opportunities, we know our one true competitive advantage is great people,” said Russell Diez-Canseco, President and CEO, Vital Farms. “As Stephanie has settled into her role, it’s become abundantly clear that she has a passion for people and culture. By combining these functions under a single leader, we’ll be unified in attracting talent that supports our growth initiatives and a culture that keeps our crew feeling engaged and inspired. All of this is critical to our success both now and in the future.” Coon joined Vital Farms in August 2021 to build and lead the Strategy function at Vital Farms. Over the past six months, she has aligned the company around organization-wide objectives that include the specific and measurable initiatives that will drive Vital Farms’ long-term growth. “I am humbled and excited by the opportunity to lead our People function,” Coon said. “Vital Farms has a values-driven and people-first culture that is truly very special. Nurturing this culture is central to everything we do across the business. I look forward to working with our passionate team to build on this strong foundation as we grow.” Coon continued, “As we continue our focus on scaling a world-class organization, this tighter link between where we are going, the processes we’ll put in place to get there, and, most importantly, how we engage, inspire, and develop our crew members is a powerful unlock for the business.” **About Vital Farms** Vital Farms, a Certified B Corporation, offers a range of ethically produced foods nationwide. Started on a single farm in Austin, Texas in 2007, Vital Farms is now a national consumer brand that works with over 250 small family farms and is the leading U.S. brand of pasture-raised eggs by retail dollar sales. Vital Farms' ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware Public Benefit Corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms' products, including shell eggs, butter, hard-boiled eggs, ghee, Egg Bites, Breakfast Bars, and liquid whole eggs, are sold in over 18,000 stores nationwide. Vital Farms pasture-raised eggs can also be found on menus at hundreds of foodservice operators across the country. For more information, visit [www.vitalfarms.com](https://www.globenewswire.com/Tracker?data=vIKMHSwEAnLgrckUIsIMOb0rIwZ0_Rr0Mq2uRyFOOamEONQi8icyxrq_XaJI6Dld7y4j8lW02-H4Nio_soZnS4rsJlQjd6dNGE2_8cfA9W0=). **CONTACT:****Media:**Nisha Devarajan [[email protected]](https://www.globenewswire.com/Tracker?data=7zw8N5vTzR83yq-C4TuKDE77RqFRU6BB0EEgDP-FQhuXUwxMPmDXXx4J8mmXhTayO0jzWLCyRmccVJAPU1zfI51tkSCGF_a5DgUlnK-ElDsBz_c_jf1BwM8vjt6-dKdL) **Investors:**Matt Siler [[email protected]](https://www.globenewswire.com/Tracker?data=FA3svWwZal16uoJXl7mvMkfvcMFvl8PRNcDkBIhjpppdGZ3Fm4m6OZt7ie9ZyL355v7Ar0KDfCmFbVdF21Mr4n45TVq8bsbMppaLEgKxAJE=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk1OSM0Njk4NDYyIzIxOTUyNTM=) [Image](https://ml.globenewswire.com/media/YzUxNjFmMTEtZDQ1OC00OWJjLWFlN2YtYWJkYmJhOGZiMWE0LTEyMDY4MDY=/tiny/Vital-Farms.png) Source: Vital Farms
Date: 2022-01-28
Title: Should Weakness in MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Article: MasterCraft Boat Holdings (NASDAQ:MCFT) has had a rough month with its share price down 11%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Particularly, we will be paying attention to MasterCraft Boat Holdings' ROE today.Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. **How Is ROE Calculated?**The **formula for return on equity** is:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for MasterCraft Boat Holdings is:49% = US$57m ÷ US$117m (Based on the trailing twelve months to October 2021).The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.49 in profit. **What Has ROE Got To Do With Earnings Growth?**Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. **MasterCraft Boat Holdings' Earnings Growth And 49% ROE** Firstly, we acknowledge that MasterCraft Boat Holdings has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 29% also doesn't go unnoticed by us. Needless to say, we are quite surprised to see that MasterCraft Boat Holdings' net income shrunk at a rate of 4.9% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.So, as a next step, we compared MasterCraft Boat Holdings' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 16% in the same period.[past-earnings-growth](https://images.simplywall.st/asset/chart/214080574-past-earnings-growth-1-dark/1643376755641) NasdaqGM:MCFT Past Earnings Growth January 28th 2022The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about MasterCraft Boat Holdings''s valuation, check out [this gauge of its price-to-earnings ratio](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), as compared to its industry. **Is MasterCraft Boat Holdings Efficiently Re-investing Its Profits?** MasterCraft Boat Holdings doesn't pay any dividend, meaning that potentially all of its profits are being reinvested in the business, which doesn't explain why the company's earnings have shrunk if it is retaining all of its profits. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. **Summary** In total, it does look like MasterCraft Boat Holdings has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? [ Click here to be taken to our analyst's forecasts page for the company.](https://simplywall.st/stocks/us/consumer-durables/nasdaq-mcft/mastercraft-boat-holdings?blueprint=1875188&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTE4ODoyNGMyOTY2NmViNTRhZjRj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Top Buys by Top Brass: EVP - Rentals Rich's $114.4K Bet on CTOS
Article: A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $114.4K by Thomas R. Rich, EVP - Rentals at Custom Truck One Source Inc (Symbol: CTOS). \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/13/2021 & Thomas R. Rich & EVP - Rentals & 15,000 & $7.62 & $114,369.00 \\ \hline \end{table} Rich's average cost works out to $7.62/share. Shares of Custom Truck One Source Inc were changing hands at $8.05 at last check, trading up about 2.3% on Friday. The chart below shows the one year performance of CTOS shares, versus its 200 day moving average: [Custom Truck One Source Inc Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, CTOS's low point in its 52 week range is $6.09 per share, with $11.36 as the 52 week high point — that compares with a last trade of $8.05. [Free Report: Top 7%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Click here to find out which other top insider buys by the ''top brass'' you need to know about »](https://www.marketnewsvideo.com/slideshows/top-buys-by-top-brass/)
Date: 2022-01-28
Title: Weyerhaeuser (WY) Beats Q4 Earnings and Revenue Estimates
Article: Weyerhaeuser (WY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.56 per share when it actually produced earnings of $0.60, delivering a surprise of 7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Weyerhaeuser, which belongs to the Zacks Building Products - Wood industry, posted revenues of $2.21 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.62%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Weyerhaeuser shares have lost about 7.5% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Weyerhaeuser?**While Weyerhaeuser has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/WY/earnings-calendar), the estimate revisions trend for Weyerhaeuser: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $2.23 billion in revenues for the coming quarter and $1.93 on $8.98 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. JELD-WEN (JELD), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22.This company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.JELD-WEN's revenues are expected to be $1.23 billion, up 7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Weyerhaeuser Company (WY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [JELDWEN Holding, Inc. (JELD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=JELD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858855/weyerhaeuser-wy-beats-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858855) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: Markets|PFE|MRNA|BNTX
Title: Why Novavax Stock Surged 14% on Friday
Type: News
Publication: The Motley Fool
Publication Author: Eric Volkman
Date: 2022-01-28
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 79.2871
Stock Price 2 days before: 81.0986
Stock Price 1 day before: 81.7156
Stock Price at release: 73.3745
Risk-Free Rate at release: 0.0004
Symbol: BHLB
Security: Berkshire Hills Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Berkshire Hills Announces Quarterly Shareholder Dividend
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. [(NYSE: BHLB)](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=4287635470&u=http%3A%2F%2Fir.berkshirebank.com%2F&a=(NYSE%3A+BHLB)) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022. [](https://mma.prnewswire.com/media/1626839/BHLB_Logo1.html) **ABOUT BERKSHIRE HILLS BANCORP** Berkshire Hills Bancorp is the parent of [Berkshire Bank](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=3952695316&u=http%3A%2F%2Fwww.berkshirebank.com%2F&a=Berkshire+Bank), which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the [Bloomberg Gender-Equality Index](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=31592004&u=https%3A%2F%2Fwww.bloomberg.com%2Fgei%2Fabout%2F&a=Bloomberg+Gender-Equality+Index). To learn more, call 800-773-5601 or follow us on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2175317324&u=http%3A%2F%2Fwww.facebook.com%2Fberkshirebank&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1447963243&u=https%3A%2F%2Ftwitter.com%2FBerkshireBank&a=Twitter), [ Instagram](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=1093996085&u=http%3A%2F%2Fwww.instagram.com%2FBerkshireBank&a=%C2%A0Instagram), and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3426189-1&h=2641908969&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fberkshirebank%2F&a=LinkedIn). **Investor Relations Contacts** Kevin Conn, SVP, Investor Relations & Corporate DevelopmentEmail: [[email protected]](mailto:[email protected]) Tel: (617) 641-9206 David Gonci, Capital Markets DirectorEmail: [[email protected]](mailto:[email protected]) Tel: (413) 281-1973 [Cision](https://c212.net/c/img/favicon.png?sn=NE44350&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html](https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html) SOURCE Berkshire Hills Bancorp, Inc.
Stock Price 4 days before: 29.3734
Stock Price 2 days before: 29.9554
Stock Price 1 day before: 29.826
Stock Price at release: 28.9482
Risk-Free Rate at release: 0.0004
Symbol: HAIN
Security: The Hain Celestial Group, Inc.
Related Stocks/Topics: Stocks
Title: Earnings Preview: Hain Celestial (HAIN) Q2 Earnings Expected to Decline
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: The market expects Hain Celestial (HAIN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 3. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. **Zacks Consensus Estimate** This organic and natural products company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%.Revenues are expected to be $480.15 million, down 9.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 8.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Hain Celestial?**For Hain Celestial, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #4.So, this combination makes it difficult to conclusively predict that Hain Celestial will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Hain Celestial would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of +4.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Hain Celestial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [The Hain Celestial Group, Inc. (HAIN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAIN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858596/earnings-preview-hain-celestial-hain-q2-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1858596)
Stock Price 4 days before: 36.23
Stock Price 2 days before: 36.3789
Stock Price 1 day before: 36.4804
Stock Price at release: 35.3492
Risk-Free Rate at release: 0.0004
Symbol: ALGT
Security: Allegiant Travel Company
Related Stocks/Topics: Markets|UBER
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Stock Price 4 days before: 175.638
Stock Price 2 days before: 179.806
Stock Price 1 day before: 175.746
Stock Price at release: 172.408
Risk-Free Rate at release: 0.0004
Symbol: SYBT
Security: Stock Yards Bancorp, Inc.
Related Stocks/Topics: Unknown
Title: Stock Yards Bancorp to Participate in the 2022 Janney Bank CEO Forum
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: LOUISVILLE, Ky., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central and Eastern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, and T. Clay Stinnett, EVP and CFO, will participate in the 2022 Janney Bank CEO Forum to be held February 2nd to February 3rd, and will participate in a series of meetings with institutional investors. Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, [www.syb.com](https://www.globenewswire.com/Tracker?data=6iXG5S6GtKd1kgKBwonWuF9CNxikVgb90ijPeDC5gC8FueyXiddZXnIThPkzjaVVvP4c0EE9kVxPZFY7OoZWNA==), on or before February 2, 2022. Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” \begin{table}{|c|c|} \hline Contact: & T. Clay Stinnett \\ \hline & Executive Vice President, \\ \hline & Treasurer and Chief Financial Officer \\ \hline & (502) 625-0890 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDc3NiM0Njk3ODkwIzIyMDMzNzg=) [Image](https://ml.globenewswire.com/media/NDc4MTNhMTgtNWU4Mi00N2I5LWI3YTgtY2Y3ZTQzYWZhZGU0LTEyMTQ5MzE=/tiny/Stock-Yards-Bancorp-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/95184702-c908-4d0f-a51b-62528a106227) Source: Stock Yards Bancorp, Inc.
Stock Price 4 days before: 60.8891
Stock Price 2 days before: 63.719
Stock Price 1 day before: 61.3696
Stock Price at release: 59.3997
Risk-Free Rate at release: 0.0004
Symbol: CYH
Security: Community Health Systems, Inc.
Related Stocks/Topics: Stocks|UNH|UHS|HUM
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 12.6602
Stock Price 2 days before: 13.8239
Stock Price 1 day before: 12.931
Stock Price at release: 12.5023
Risk-Free Rate at release: 0.0004
Symbol: RICK
Security: RCI Hospitality Holdings, Inc.
Related Stocks/Topics: Stocks|GES|BYD|CROX
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Stock Price 4 days before: 69.1743
Stock Price 2 days before: 71.4924
Stock Price 1 day before: 68.5673
Stock Price at release: 65.996
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: SAND
Security: Sandstorm Gold Ltd.
Related Stocks/Topics: Markets
Title: Interested in NFTs and the Metaverse? 2 Cryptocurrencies to Buy and Hold Right Now
Type: News
Publication: The Motley Fool
Publication Author: Trevor Jennewine
Date: 2022-01-29
Article: Non-fungible tokens (NFTs) are crypto assets that make it possible to bring items like artwork, video games, and other assets (both real and digital) onto a blockchain. That utility has captivated investors. Consumers spent approximately $41 billion on NFTs in 2021, according to blockchain data provider Chainalysis.Similarly, the metaverse promises to be the next big technology platform, a network of immersive virtual worlds that will blend elements of entertainment, gaming, and commerce, allowing users to engage each other and the environment. And NFTs fit perfectly into that technology. They make it possible to prove ownership and the authenticity of assets, which will be critical in the metaverse economy. With that in mind, many analysts believe the metaverse will become a [multitrillion-dollar industry](https://www.fool.com/investing/2022/01/07/monster-metaverse-stocks-buy-and-hold-for-decade/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) over the next decade, which could supercharge consumer demand for NFTs. For investors looking to cash in on those trends, several cryptocurrencies fit the bill perfectly. Here are two great examples. [Two people looking at a laptop computer screen.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663183%2Finvestor-33.jpg&w=700) Image source: Getty Images. **1. Decentraland****Decentraland** (CRYPTO: MANA) is a decentralized application (dApp) on the **Ethereum** blockchain. It features a virtual world inhabited by gamers and powered by the MANA token. Players can buy and sell parcels of digital land through the marketplace, each with unique coordinates, and wearable items like clothing, accessories, and body features for their avatars. In all cases, transactions are funded with MANA, and ownership of any item is represented as an NFT.Players can also develop and monetize their digital land with 3D content, games, and other applications, and they can interact with other avatars across the virtual world. In short, Decentraland is a sort of precursor to what the [metaverse](https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) could be -- it's easy to imagine the platform as part of a larger network of virtual worlds in the future. But there is plenty to be excited about now. Decentraland currently ranks as the third-most-popular NFT collection in terms of transaction volume on OpenSea, which itself is the world's most popular NFT marketplace by a wide margin.As users become increasingly enamored of Decentraland -- which seems likely given the enthusiasm surrounding NFTs and the metaverse -- demand for MANA should rise. With a fixed supply of 2.6 billion tokens, rising demand should drive the price higher. That's why this cryptocurrency could be a good long-term investment, especially now that it's fallen more than 60% from its high. **2. The Sandbox****The Sandbox** [(CRYPTO: SAND)](https://www.nasdaq.com/market-activity/stocks/sand) is another Ethereum-based metaverse game featuring NFTs. The platform is powered by the SAND token, and it comprises three distinct services that allow players to build and monetize in-game assets and experiences.Specifically, VoxEdit is a modeling tool that allows users to create and animate 3D objects like people, animals, and scenery. Those objects are represented as NFTs on Ethereum. Next, the NFT marketplace allows users to buy and sell those 3D objects using the SAND token. Each block of land is also represented as an NFT, and those tokens can be used for transactions in the marketplace. Finally, the Game Maker product enables users to build monetizable games and experiences on their land without using computer code. More specifically, it's a suite of drag-and-drop tools used to position 3D objects and implement gameplay mechanics.Like Decentraland, The Sandbox has generated significant interest in the crypto community, and it ranks as the eighth-most-popular NFT collection on OpenSea in the past month. And given the easy-to-use interface, not to mention the tailwinds behind NFTs and the metaverse, The Sandbox is well-positioned to attract more players in the years ahead. As that happens, demand for SAND -- which has a finite supply of 3 billion tokens -- should rise, pushing its price higher. With the price of SAND down roughly 60% from its high, now looks like a good time to [add this digital asset to your portfolio](https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/how-to-invest-in-cryptocurrency/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6). **10 stocks we like better than Decentraland** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=97b6b379-7a81-4ec2-b008-bf9865948a20&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DDecentraland&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6) for investors to buy right now... and Decentraland wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=97b6b379-7a81-4ec2-b008-bf9865948a20&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DDecentraland&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=4d89d84c-41a1-44f9-b59c-f095b5d22ff6)*Stock Advisor returns as of January 10, 2022 [Trevor Jennewine](https://boards.fool.com/profile/TMFphoenix12/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Ethereum. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 6.05767
Stock Price 2 days before: 6.0026
Stock Price 1 day before: 5.79695
Stock Price at release: 5.82478
Risk-Free Rate at release: 0.0004
| 7.10649 |
Broader Economic Information:
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Beyond Meat (BYND) Stock Sinks As Market Gains: What You Should Know
Article: In the latest trading session, Beyond Meat (BYND) closed at $56.54, marking a -0.04% move from the previous day. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.Prior to today's trading, shares of the plant-based meat company had lost 16.07% over the past month. This has lagged the Consumer Staples sector's loss of 1.73% and the S&P 500's loss of 9.65% in that time. Investors will be hoping for strength from Beyond Meat as it approaches its next earnings release. In that report, analysts expect Beyond Meat to post earnings of -$0.73 per share. This would mark a year-over-year decline of 114.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103.98 million, up 2% from the year-ago period.Investors should also note any recent changes to analyst estimates for Beyond Meat. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Beyond Meat currently has a Zacks Rank of #3 (Hold).The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BYND in the coming trading sessions, be sure to utilize Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [Beyond Meat, Inc. (BYND): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYND&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859411/beyond-meat-bynd-stock-sinks-as-market-gains-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1859411)
Date: 2022-01-28
Title: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know
Article: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast
Article: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \begin{table}{|c|c|c|c|} \hline Webcast & & & www.LTCReit.com \\ \hline USA Toll-Free Number & & & 1-844-200-6205 \\ \hline Canada Toll-Free Number & & & 1-833-950-0062 \\ \hline Conference Access Code & & & 441550 \\ \hline \end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \begin{table}{|c|c|c|c|} \hline USA Toll-Free Number & & & 1-866-813-9403 \\ \hline Canada Local Number & & & 1-226-828-7578 \\ \hline Conference Access Code & & & 188544 \\ \hline \end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Broader Sector Information:
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Date: 2022-01-28
Title: /C O R R E C T I O N -- Bank7 Corp./
Article: In the news release, Bank7 Corp. Announces Q4 and Full Year 2021 Earnings, issued 28-Jan-2022 by Bank7 Corp. over PR Newswire, we are advised by the company that the Conference Call paragraph, first sentence, should read "3:00 p.m. Eastern Time" rather than "1:00 p.m. Eastern Time" as originally issued inadvertently. The complete, corrected release follows: **Bank7 Corp. Announces Q4 and Full Year 2021 Earnings** OKLAHOMA CITY, Jan. 28, 2022 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudited results for the fiscal quarter and year ended December 31, 2021. "2021 was certainly a challenging year, and clearly the pandemic-induced stress was the primary culprit; however, we are pleased to report record profits, even after incurring one-time costs associated with our acquisition of Cornerstone Bank. Our success is largely driven by our outstanding team members who are committed to their jobs and our core fundamentals. We are excited about 2022 and look forward to maximizing shareholder value, while also serving our communities by delivering top-notch banking products and services," said Thomas L. Travis, President and CEO of the Company. [](https://mma.prnewswire.com/media/840032/Bank7_Logo.html) Three months ended December 31, 2021 compared to three months ended December 31, 2020: - Net income of $5.7 million compared to $4.7 million, an increase of 20.0%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5%- Earnings per share of $0.63 compared to $0.52, an increase of 20.6% For the year ended December 31, 2021 compared to the year ended December 31, 2020: - Net income of $23.2 million compared to $19.3 million, an increase of 20.2%- Total assets of $1.4 billion compared to $1.0 billion, an increase of 32.8%- Total deposits of $1.2 billion compared to $905.5 million, an increase of 34.5% Both the Bank's and the Company's capital levels continue to be significantly above the minimum levels required to be designated as "well-capitalized" for regulatory purposes. On December 31, 2021, the Bank's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. On December 31, 2021, on a consolidated basis, the Company's Tier 1 leverage ratio, Tier 1 risk based capital ratio, and total risk-based capital ratios were 10.46%, 11.53%, and 12.54%, respectively. Designation as a well-capitalized institution under regulations does not constitute a recommendation or endorsement by bank regulators. **About Bank7 Corp. ** We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursue strategic acquisitions. **Conference Call** Bank7 Corp. has scheduled a conference call to discuss its first quarter results, which will be broadcast live over the Internet, on Friday, January 28, 2022 at 3:00 p.m. Eastern Time. To participate in the call, dial 1-888-348-6421, or access it live over the Internet at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221). For those not able to participate in the live call, an archive of the webcast will be available at [https://www.webcaster4.com/Webcast/Page/2179/44221](https://c212.net/c/link/?t=0&l=en&o=3426754-1&h=2068802538&u=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221&a=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F2179%2F44221) shortly after the call for 1 year. **Cautionary Statements Regarding Forward-Looking Information** This communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Any or all of the forward-looking statements in (or conveyed orally regarding) this presentation may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this presentation should not be regarded as a representation by Bank7 Corp. or any other person that the future plans, estimates or expectations contemplated by Bank7 Corp. will be achieved. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; changes in regulatory standards and examination policies, and a variety of other matters. These other matters include, among other things, the impact of COVID-19 on the United States economy and our operations, the direct and indirect effect of economic conditions on interest rates, credit quality, loan demand, liquidity, and monetary and supervisory policies of banking regulators. Bank7 Corp. has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Bank7 Corp. believes may affect its financial condition, results of operations, business strategy and financial needs. Bank7 Corp.'s actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if Bank7 Corp.'s underlying assumptions prove to be incorrect, actual results may differ materially from what Bank7 Corp. anticipates. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made and Bank7 Corp. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as may be required by law. All forward-looking statements herein are qualified by these cautionary statements. **Contact:** Thomas TravisPresident & CEO(405) 810-8600 [Cision](https://c212.net/c/img/favicon.png?sn=DA44936A&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html](https://www.prnewswire.com/news-releases/bank7-corp-announces-q4-and-full-year-2021-earnings-301470457.html) SOURCE Bank7 Corp.
Date: 2022-01-29
Title: Upstart Stock Looks Poised To Soar After Huge Pullback
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (<a href=](https://investorplace.com/wp-content/uploads/2021/12/upstart-1600-300x169.png) UPST) is viewed through a magnifying glass focused on the company's logo." width="300" height="169">Source: Postmodern Studio / Shutterstock.comStill, after another 30% retreat by the name and amid multiple signs that the Street is warming up to the shares, I’m more bullish on the name than I was when my previous column was published on Jan. 3.Also importantly, I remain very upbeat on Upstart’s fundamentals and long-term outlook. UPST looks like a solid long-term play.Here’s why. **The Street Is Warming up to UPST Stock** InvestorPlace contributor Ian Bezek, a former Street analyst, was once [very bearish](https://investorplace.com/2021/10/upst-stock-is-wildly-overvalued-and-set-to-crash/?utm_source=Nasdaq&utm_medium=referral) on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: The Average Home Sold After Just 15 Days Last Year -- Will the Trend Continue?
Article: Housing set a lot of records last year. But one of the most shocking? That'd be the average 15-day selling time most properties saw, according to **Redfin**.It's basically unheard of. Just five years ago, it took around 60 days, on average, to sell a house. Now? It's merely a fraction of that. There are a lot of reasons for this uber-competitive market -- including record-low inventory, surging demand, and a rising share of [investor home purchases](https://www.fool.com/real-estate/2021/12/08/investors-buy-almost-one-fifth-of-all-houses/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09). Whatever the driver, though, it poses a serious conundrum for buyers, driving up prices and making finding a place -- not to mention affording one -- infinitely more difficult.Are you considering [investing in real estate](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) this year? If so, you may face similar headwinds. Here's what to expect -- and how to come out on top. [Two people looking at a sold sign.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663274%2Fgettyimages-1187147861.jpg&w=700) Image source: Getty Images. **Record selling times in 2022?** [Mortgage rates are much higher](https://www.fool.com/the-ascent/mortgages/articles/buyers-are-clamoring-for-mortgages-as-rates-rise/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) than in 2021 (the average 30-year loan rate is now 3.55% -- up from 2.73% a year ago), which has many buyers pulling back from the market. According to the latest data from the Mortgage Bankers Association, applications to purchase a home were down this week and have now decreased about 11% (unadjusted) from this time last year.It's good news for buyers, but even if that trend were to continue, we'd still have a major supply deficit. According to **Freddie Mac**, the market's about 4 million homes short of demand, and while construction has increased lately, that's not something we'll overcome easily -- nor quickly. In fact, just this week, Realtor.com reported that active inventory is down 28% year over year. And selling times? Those were 10 days faster. While there's no telling if this will be the norm for all of 2022, it seems likely. Unless there's a huge slip in demand or some sort of massive supply infusion, we're probably going to see lightning-fast selling times for most of the foreseeable future. **How to win out when competition is stiff** If selling times remain this tight, the best thing you can do as a buyer is act quickly. Know your budget, have your preapproval letter ready, and set up listing alerts so you can schedule a showing as soon as a house for sale goes live.You should also consider using [an agent](https://www.fool.com/the-ascent/mortgages/how-to-find-real-estate-agent/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) that offers virtual tours. That way, if you're at work or away for a bit, they can still show you homes at the drop of a dime -- even if you can't physically be on the property.To give yourself the best shot at success, you can also: - **Get a fully underwritten approval.** These offer faster closings and can give sellers more confidence in your offers. They can also be helpful if you're up against a bunch of other bids. - **Offer all cash if possible.** Cash is king, as they say -- and that's especially true in real estate. In fact, an analysis from Redfin actually shows cash offers increase your chance of winning a home by 290%. If you don't have the funds for such a move, companies like Orchard or Ribbon can make cash offers on your behalf. - **Offer a lease-back.** Chances are, most sellers aren't ready to move in a mere 15 days. Many might not have a new property lined up, or they could be waiting on their loan to close. Either way, offering a lease-back, which allows them to rent the home back from you for a short period of time, can be a good way to win their favor. Keep in mind that housing conditions vary from one market to the next, so link up with an experienced agent in your area for the best advice in your specific market. And most importantly? Make sure they have the bandwidth for you. You need someone who can act quickly -- before that dream home gets snapped up by other bidders. **10 stocks we like better than Walmart** When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the ** [ten best stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09)** for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://www.fool.com/mms/mark/e-sa-bbn-eg?aid=8867&source=isaeditxt0000476&ftm_cam=sa-bbn-evergreen&ftm_pit=6627&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a2688392-7651-4788-9d80-a29f4634ec09) Stock Advisor returns as of 6/15/21[Aly Yale](https://boards.fool.com/profile/TMFAlyJYale/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Redfin. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Prices for Consumer Goods are Rising Quickest in America’s Top Migration Destinations
Article: —Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they’re all popular migration destinations. That’s double the inflation rates in San Francisco and New York, places people are moving away from.—Migration into those places is one reason for rapidly rising prices of consumer goods and services.—Because of high inflation, including rising home prices, the financial advantage of living in what are now relatively affordable places is likely to diminish. SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — The most popular U.S. migration destinations tend to have high rates of inflation, according to a new [report](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=report&index=1&md5=0b66b3bce3dfb11163b5ef643a2a82d8) from Redfin ([redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=redfin.com&index=2&md5=0427b25c24636c2191d9872215249478))), the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin’s analysis.Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate.On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%).Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco.Redfin’s report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more [Redfin.com](http://redfin.com/) users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel.National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation.As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%.“Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills.”“A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they’re able to spend more on other things, which in turn means local businesses can charge higher prices,” Marr continued. “The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven’t kept up.”Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta’s unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area’s relatively strong economy. **As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating** The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration.“Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles,” Marr said. “Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”**Migration and inflation have become more correlated since the pandemic started** As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation.Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration.To read the full report, including charts and graphs, please visit: [https://www.redfin.com/news/migration-inflation-analysis-Q4-2021/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fmigration-inflation-analysis-Q4-2021%2F&index=3&md5=571efc7169ef21301d6c5b5bc2d41981)**About Redfin** Redfin ([www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.redfin.com&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=4&md5=172c21515affb8cd8dab932fde6de0a5))) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.For more information or to contact a local Redfin real estate agent, visit [www.redfin.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=www.redfin.com&index=5&md5=efd03f1bc31843a2c93b2d4492f9f246). To learn about housing market trends and download data, visit the [Redfin Data Center](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=Redfin+Data+Center&index=6&md5=2cc125f9a2ec6aa8a218ce095ccac487). To be added to Redfin's press release distribution list, email [[email protected]](mailto:[email protected]). To view Redfin's press center, [click here](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&esheet=52570276&newsitemid=20220128005057&lan=en-US&anchor=click+here&index=7&md5=c1eef7d6ae3b6d141019f696e47d9900).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005057r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005057/en/](https://www.businesswire.com/news/home/20220128005057/en/) **Redfin Journalist Services:**Angela Cherry, 913-638-8249 [[email protected]](mailto:[email protected]) Source: Redfin
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: BNTX|Markets|PFE|MRNA
Title: 3 Things About BioNTech That Smart Investors Know
Type: News
Publication: The Motley Fool
Publication Author: Alex Carchidi
Date: 2022-01-29
Article: As a profitable and rapidly growing biotech with a world-renowned vaccine approved for sale, **BioNTech** [(NASDAQ: BNTX)](https://www.nasdaq.com/market-activity/stocks/bntx) has left its shareholders sitting pretty. Over the past 12 months, the company -- based in Mainz, Germany -- achieved a return of around 41.4%, crushing the market's 14.6% result.More outperformance might well be in the cards for the stock, and there's a lot more to this company than its coronavirus vaccine. Its future success as an investment isn't as linked to the continuation of the pandemic as some might expect. Let's examine three things that smart investors are likely to understand about this stock. [Two scientists peer into microscopes in a laboratory.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663054%2Ftwo-scientists-sit-at-bench-using-microscopes.jpg&w=700) Image source: Getty Images. **1. Comirnaty will need to keep evolving** BioNTech's only product on the market is its Comirnaty coronavirus vaccine, which it developed jointly with the help of **Pfizer**-- and it has understandably been a blockbuster. In its third-quarter earnings report, the company estimated that it made 17 billion euros ($19.2 billion) from sales of the jab in 2021, assuming that it sold 2.5 billion doses. For reference, it brought in just 482 million euros in 2020, so the past year has yielded a bumper crop to say the least. Investors will need to check out the next earnings report on March 30 to see if revenue came in as predicted.Either way, management expects that the coronavirus will continue to be a difficult public health problem that its vaccines will be instrumental in mitigating. Therefore, it'll be necessary to keep [adapting Comirnaty](https://www.fool.com/investing/2022/01/10/why-biontech-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) to the emerging viral variants so that it remains effective. So on Jan. 25, Pfizer and BioNTech launched their clinical trial to test an omicron-specific shot.Wise investors recognize that innovation isn't easy, though. If things move more slowly than planned, it's entirely possible that the omicron variant will be history before the new version of the vaccine is ready for prime time. The risk of being too late won't necessarily be any lower if the company tries to rapidly develop an updated candidate in response to a future variant either. **2. The company is looking beyond vaccines** Smart investors know that unlike competitors such as **Novavax**, BioNTech has ambitions to be more than a vaccine maker. Aside from Comirnaty, its pipeline has only one other clinical-stage infectious disease program, its phase 1 influenza vaccine being developed with the help of Pfizer. In comparison, it has 16 clinical-stage oncology programs, five of which are in phase 2 clinical trials.In particular, its mRNA-based therapies for advanced melanoma and head and neck cancer might be on the cusp of commercialization or even on the market by 2025. Those two programs are wholly owned, which means that their success would be even bigger for shareholders. And the company also has a melanoma program and a supplementary therapy for colorectal cancer in development with privately-held Genentech.BioNTech isn't just an mRNA company, either. Though mRNA-based medicines account for all of its late-stage projects, it does have a handful of ongoing clinical investigations with its cell and antibody therapies in development. In other words, BioNTech isn't trying to become specialized in just one technology. Overall, that might make it more resilient to any obstacles for the technology that arise over time. **3. It doesn't need Pfizer's help anymore** While BioNTech had never brought a medicine to the market before its coronavirus vaccine collaboration with Pfizer, it now has the organizational infrastructure and technical know-how to develop therapies without the pharma giant's help. That doesn't mean it'll eschew teaming up with Pfizer in the future, but it does mean that smart investors are updating their mental models of what the business is capable of doing on its own.In a nutshell, expect this company to start cranking out new drugs using more and more of its newly formidable internal resources. In 2020, it spent 647 million euros on research and development whereas in the past 12 months it spent 937 million euros. Further growth of this spending is all but guaranteed as over [the next three years](https://www.fool.com/investing/2022/01/24/where-will-biontech-be-in-3-years/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) several of BioNTech's wholly owned clinical programs in oncology are likely to advance into the final stages of development. And with trailing [free cash flow ](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) of 1.2 billion euros, there's nothing to stop it from firing on all cylinders. **10 stocks we like better than BioNTech SE** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e792f304-9008-44ba-bcbc-f4fea6a998c5&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DBioNTech%2520SE&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c) for investors to buy right now... and BioNTech SE wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=e792f304-9008-44ba-bcbc-f4fea6a998c5&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DBioNTech%2520SE&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5bcf2e71-8b48-4e40-a07c-800007a1868c)*Stock Advisor returns as of January 10, 2022 [Alex Carchidi](https://boards.fool.com/profile/TMFacarchidi/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 77.0711
Stock Price 2 days before: 80.4823
Stock Price 1 day before: 73.023
Stock Price at release: 77.1045
Risk-Free Rate at release: 0.0004
| 79.8103 |
Broader Economic Information:
Date: 2022-01-28
Title: Why the Earnings Surprise Streak Could Continue for Forward Air (FWRD)
Article: Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Forward Air (FWRD), which belongs to the Zacks Transportation - Truck industry, could be a great candidate to consider.When looking at the last two reports, this contractor for the air cargo industry has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.96%, on average, in the last two quarters. For the most recent quarter, Forward Air was expected to post earnings of $1.05 per share, but it reported $1.14 per share instead, representing a surprise of 8.57%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $1.11 per share, a surprise of 19.35%. **Price and EPS Surprise** [Image](https://chart-service.zacks.com/images/daily/yesop_price_eps_surprise/FWRD.png) Thanks in part to this history, there has been a favorable change in earnings estimates for Forward Air lately. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/FWRD/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Forward Air has an Earnings ESP of +1.30% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 9, 2022. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_516_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Forward Air Corporation (FWRD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FWRD&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859237/why-the-earnings-surprise-streak-could-continue-for-forward-air-fwrd?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-1859237) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: RPC (RES)'s Technical Outlook is Bright After Key Golden Cross
Article: From a technical perspective, RPC, Inc. (RES) is looking like an interesting pick, as it just reached a key level of support. RES's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.RES has rallied 32.1% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates RES could be poised for a breakout.The bullish case solidifies once investors consider RES's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 1 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.[Moving Average Chart for RES](https://staticx-tuner.zacks.com/images/articles/charts/yseop/549/RES_SMA50_200.jpeg) Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on RES for more gains in the near future. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_549_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_549&cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859060/rpc-res-s-technical-outlook-is-bright-after-key-golden-cross?cid=CS-NASDAQ-FT-tale_of_the_tape|golden_crossover-1859060)
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Broader Industry Information:
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Sector Information:
Date: 2022-01-28
Title: Newtek Conventional Lending LLC Closes its Securitization with the Sale of $56.3 Million of Notes Backed by Conventional Commercial Loans
Article: **Transaction Rated ‘A’ (sf) by DBRS Morningstar** BOCA RATON, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6BfwzINlWIi1EU571Q_kirOi0XkQo4NII4ssDJKEkyiSODn-jss7dSo_Ja5lmC_VxI=), (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Conventional Lending LLC (“NCL”), a Newtek joint venture, closed its conventional commercial loan securitization with the sale of $56.3 million Class A Notes (“Notes”), NCL Business Loan Trust 2022-1, Business Loan-Backed Notes, Series 2022-1, secured by a segregated asset pool consisting primarily of conventional commercial business loans (“Business Loans”), including Business Loans secured by liens on commercial or residential mortgaged properties, originated by NCL and Newtek Business Lending, LLC. The Notes were rated “A” (sf) by DBRS Morningstar. The Notes had a 65.0% advance rate, and were priced at a yield of 3.209%. The Notes are collateralized by, among other things, the Business Loans and the right to receive payments and other recoveries attributable to the Business Loans. Deutsche Bank Securities was the Sole Structuring Advisor and Sole Book Running Manager, and Capital One Securities was Co-Manager, for the transaction. Barry Sloane, Chairman, President and Chief Executive Officer of Newtek Business Services Corp. said, “The closing of NCL Business Loan Trust 2022-1 this week is a watershed event for our Company. Prior to the onset of the pandemic, we began building a portfolio with our institutional joint venture JV partner to pursue loans that didn’t fit our traditional government-guaranteed SBA 7(a) or SBA 504 loan programs. Coupled with the extraordinary reach of our referral system and robust loan pipeline, through JV partnerships, we believe we can cast a wider net to reach and meet the needs of additional types of borrowers with our lending program. Borrowers in our loan portfolio that have outgrown the SBA 7(a) loan amount maximum of $5.0 million, those that require a fixed-rate loan alternative, or those that are too credit worthy and would fail the SBA’s credit elsewhere test, would be ideal candidates for our non-conforming conventional loan program. While our non-conforming conventional loan program had a hiatus due to the effects of the pandemic, we are moving forward by building a pipeline and working on signing on new JV partners. We believe the profitability profile and volume demands for our non-conforming conventional loans has the potential to surpass the performance of our historical and traditional government-guaranteed lending programs. Of course, we are focused on continuing to grow our SBA 7(a) and SBA 504 loan programs, but now we also look forward to levering our operational infrastructure, track record and securitization expertise to grow our non-conforming conventional loan program.” Mr. Sloane continued, “We would like to thank Deutsche Bank Securities and Capital One Securities, as well as the efforts of DBRS Morningstar to rate the first of this type of loan securitization transaction, for our Company. We welcome investors to visit the [DBRS Morningstar website](https://www.globenewswire.com/Tracker?data=DuEsW_Ei0cBz0D4qFY1x3KJFCxPo4W-GjLAoh63DVWNAE7PQq-4JpqsAmkIJ62GimgxR10bx3uj3RYGAEz6SwPzFGy0-c6jbzjbwGfWyCBijko42kGQypdyLdActavya1WpmHYa72_TmoSP6Ab13pL5SQnHsz7a2k5l_ZAPkrDjqmqrnzCdI0JYUWQHOTYCUYfY9REsGLmb-f-Zef0Qr5mbmkO7dbVnub1r2ePTF5ug=) to access the presale memo. We are also extremely pleased to have closed the underwriting book after just 24 hours as this transaction was two-times oversubscribed. Newtek is dedicated to continuing to build a comprehensive loan funding program that will meet the maturation cycle of independent business owners, in particular women and minorities that often have difficulty accessing debt financing. We believe our non-conforming conventional loan program not only has the potential to add another cylinder to Newtek’s earnings engine, but can enable us to diversify our business further by expanding our reach to satisfy the needs of a broader pool of borrowers, as well as generate additional servicing income.” Mr. Sloane concluded, “The announcement by the Company of its intention to acquire National Bank of New York City, subject to required approvals, is consistent with the Company’s goal to provide a full range of business and financial solutions, including government-guaranteed and non-conforming commercial loans, to its customers. We look forward to reporting our full year 2021 results, and our endeavors and progress as we move full force into the 2022 calendar year.” [Newtek Business Services Corp.](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx09CDVfycL5bNeQuOpCSKg6DiWhbRGX4wPJawQGR1OGM_rcAv1Pci8HR5UOq2EZpEVWTOADLcg3nNxA0Xoj_as5s=), Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business (“SMB”) market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek’s and its portfolio companies’ products and services include: [Business Lending, SBA Lending Solutions](https://www.globenewswire.com/Tracker?data=TLTV205VIF_aN8R0G2A85stmVfWQuXwPQ77qLfHvCZJG3ccU7m8uy7VECXm0iBa3Zdc19XC9YgpmPb6ZceI4bHhk0h8pKgy_rf-HE0QKYGeW1cW57yVmkTdA8Oyev9jQ), [Electronic Payment Processing](https://www.globenewswire.com/Tracker?data=ieHbsZfH2UDT35d3SM9W1A8rc6zjbmg0kHSfnANfMytyfX1CmMOzUM7XKP-TNfAL65npbroDzKWbGcSZ63xpLZrHAYwAKK9a9H8fIjCzYlhR_6fcaVdIRNtIu5oHv4JT), [Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting)](https://www.globenewswire.com/Tracker?data=s1VAOEroPQHWqjYVdGUTWwNrKaWTnPCkl9-MsDPInyWHUuKVRAlrN7WHjNCkRk_yvL7EokTcqLFSwf0jDtnfe5IOTpRXDOWTGda8aChaCu1zCLNrWZ93r_-koppUtelsKo7G2puSvbtCjxg_QRnX1LfwQcB8Adl17TvReuJV450Ld2h5oJqsCZonKrIpwZBdmT7QV1h0JaHrGTnyGA9q1g==), [eCommerce](https://www.globenewswire.com/Tracker?data=L5fbsTb0hMPAu5BFJZ47IWMVGSoU2It2SmP4Lk2BBcggq1_LTPmvTk_2QMmeVjEs5Vmq4P5XDkaNZudXyyC1Km8srS0SqNZelW8pOUfvGaM=), [Accounts Receivable Financing & Inventory Financing](https://www.globenewswire.com/Tracker?data=OJJJvFB0pzd0-u1bX9GDfJ91D1Q4G6Kc5L2E1tms6voxiMCvyoLitHkl3K6DPAKgKXBnK3QVu7V4haA1GRGnXoAgGqL3U1mQlkqKWHBapxsK2i_O9l1b1KUTI1ej_i3gaVpjLBzMr6oSwGvkEIp1GZyYnfDRNKaNptU9tVcjiarOBud1RzsBAzVeOGW9OxidpvHedaKiabqEySRKX_mIFQ==), [Insurance Solutions](https://www.globenewswire.com/Tracker?data=xBOuNgXaf4gJLTG6jsLQMyyEiMjzCTiZ8wtVzDcvuT2WGXk7n-01TbhU5ZupOySTS6RC7AMzmE-6O0TAJre9q9qylpuqvY9m95V2lvowCgY=), [Web Services](https://www.globenewswire.com/Tracker?data=ET4OKF9eovpu5vrVjFy4P5AjnwgzjBIgvnnYGY-vwyjzHzodX0Hu-1TGkSsI9wWRFhlEy1HxA_tLgywL_p1J8ABPAy6HeI54FSKSmdR3IIE=), and [Payroll and Benefits Solutions](https://www.globenewswire.com/Tracker?data=AA0Pr8V-eTJtjbp6qoW4ZHkkuI1iRbU7GN8MaxEj0wQHc5ZLdBfT4wRy3Z3l6z418yEuDMeT_fcJgWrnlcRtzhS_8pK35ah77uTwDKBgHUA=). [Newtek](https://www.globenewswire.com/Tracker?data=p7ejbc5br41BSrRvO2cx07s7Sa8UTz0gIeW88X1PcX4QZ0FFAJIaSQvkmf_M5kmKVUrngL28UhPrBCIzxDOHvg==) [®](https://www.globenewswire.com/Tracker?data=JE2Xh9ASs4-QCQ9FGS-5Vh29ccO2OOohsnroKSLarhgAIL9pz8plxuuvaiKy22xyORR3he5mlmIHInF2WWieAw==) and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp. **Note Regarding Forward Looking Statements** This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” “forecasts,” “goal” and “future” or similar expressions are intended to identify forward-looking statements.All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, intensified competition, operating problems and their impact on revenues and profit margins, anticipated future business strategies and financial performance, anticipated future number of customers, business prospects, legislative developments and similar matters. Risk factors, cautionary statements and other conditions, which could cause Newtek’s actual results to differ from management’s current expectations, are contained in Newtek’s filings with the Securities and Exchange Commission and available through [http://www.sec.gov/](https://www.globenewswire.com/Tracker?data=TMfIOfABKcqteaxtXMKc301ofb0B93Yn20sfuZMGGVBwEqcYThdT8Bq1HWnJ9608orLydJA4FFu_OQ5vpBiHOw==). Newtek cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. SOURCE: Newtek Business Services Corp. **Investor Relations & Public Relations** Contact: Jayne Cavuoto Telephone: (212) 273-8179 / [[email protected]](https://www.globenewswire.com/Tracker?data=jQ723z0KO356kMqkRcpfgfz1YkYI47OW2Lpj35ZNUY6UNN6LK0VgCGK6PZeL2uSljV4CS2pj5Cuu_LZJ0u5SRE_qgWeokcrEP-puZq2Rcjw=) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI1MiM0Njk4Njk1IzIwMDYyMzA=) [Image](https://ml.globenewswire.com/media/ZWU5OTIxYWYtYmY0MS00YzMzLWE3OWYtMGY5YjA0MDU4ZTVjLTEwMTc4MDM=/tiny/Newtek-Business-Services-Corp-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/e2d8596b-c555-4e67-8af0-cf3d5c178f7c) Source: Newtek Business Services Corp.
Date: 2022-01-28
Title: Calculating The Intrinsic Value Of XPEL, Inc. (NASDAQ:XPEL)
Article: Today we will run through one way of estimating the intrinsic value of XPEL, Inc. (NASDAQ:XPEL) by taking the expected future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. There's really not all that much to it, even though it might appear quite complex.We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the [Simply Wall St analysis model](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#discounted-cash-flow-dcf). **Step by step through the calculation** We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:**10-year free cash flow (FCF) forecast** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|} \hline & 2022 & 2023 & 2024 & 2025 & 2026 & 2027 & 2028 & 2029 & 2030 & 2031 \\ \hline Levered FCF ($, Millions) & US$38.8m & US$51.2m & US$60.6m & US$68.7m & US$75.5m & US$81.2m & US$86.0m & US$90.1m & US$93.6m & US$96.6m \\ \hline Growth Rate Estimate Source & Analyst x1 & Analyst x1 & Est @ 18.29% & Est @ 13.39% & Est @ 9.96% & Est @ 7.56% & Est @ 5.88% & Est @ 4.7% & Est @ 3.88% & Est @ 3.3% \\ \hline Present Value ($, Millions) Discounted @ 7.6% & US$36.1 & US$44.2 & US$48.6 & US$51.2 & US$52.3 & US$52.3 & US$51.4 & US$50.0 & US$48.3 & US$46.3 \\ \hline \end{table} ("Est" = FCF growth rate estimated by Simply Wall St)**Present Value of 10-year Cash Flow (PVCF)** = US$480mWe now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.6%. **Terminal Value (TV)**= FCF2031 × (1 + g) ÷ (r – g) = US$97m× (1 + 2.0%) ÷ (7.6%– 2.0%) = US$1.7b **Present Value of Terminal Value (PVTV)**= TV / (1 + r)10= US$1.7b÷ ( 1 + 7.6%)10= US$833mThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.3b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$56.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.[dcf](https://images.simplywall.st/asset/chart/10945567-dcf-1-dark/1643378666578) NasdaqCM:XPEL Discounted Cash Flow January 28th 2022**Important assumptions** Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at XPEL as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.6%, which is based on a levered beta of 1.295. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. **Looking Ahead:**Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For XPEL, there are three essential factors you should look at: - **Risks**: To that end, you should learn about the [2 warning signs we've spotted with XPEL (including 1 which shouldn't be ignored)](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) . - **Future Earnings**: How does XPEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our [free analyst growth expectation chart](https://simplywall.st/stocks/us/automobiles/nasdaq-xpel/xpel?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future). - **Other Solid Businesses**: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore [our interactive list of stocks with solid business fundamentals](https://simplywall.st/discover/investing-ideas/10146/solid-business-fundamentals?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just [search here](https://simplywall.st/discover/investing-ideas/157/popular-view?blueprint=1875328&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTMyODpkMmE3MDkzMGM4NjM5Y2U3)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Horizon Technology Finance (HRZN) Gains But Lags Market: What You Should Know
Article: In the latest trading session, Horizon Technology Finance (HRZN) closed at $14.46, marking a +0.77% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.Heading into today, shares of the investment company had lost 9.63% over the past month, lagging the Finance sector's loss of 3.64% and outpacing the S&P 500's loss of 9.65% in that time. Wall Street will be looking for positivity from Horizon Technology Finance as it approaches its next earnings report date. In that report, analysts expect Horizon Technology Finance to post earnings of $0.33 per share. This would mark year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 million, up 46.67% from the year-ago period.Investors might also notice recent changes to analyst estimates for Horizon Technology Finance. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance currently has a Zacks Rank of #3 (Hold).Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 10.51. Its industry sports an average Forward P/E of 11.05, so we one might conclude that Horizon Technology Finance is trading at a discount comparatively. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_554_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Horizon Technology Finance Corporation (HRZN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HRZN&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_554&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859397/horizon-technology-finance-hrzn-gains-but-lags-market-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v2-1859397) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-29
Title: Upstart Stock Looks Poised To Soar After Huge Pullback
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Due to misreading how upset Wall Street would [become about rising interest rates](https://investorplace.com/2022/01/the-outlook-for-upst-stock-has-brightened-with-long-term-opportunities/?utm_source=Nasdaq&utm_medium=referral), in my last column on **Upstart**(NASDAQ: [UPST](https://investorplace.com/stock-quotes/upst-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock, my recommendation that investors consider buying the stock proved to be premature. [The website for Upstart (<a href=](https://investorplace.com/wp-content/uploads/2021/12/upstart-1600-300x169.png) UPST) is viewed through a magnifying glass focused on the company's logo." width="300" height="169">Source: Postmodern Studio / Shutterstock.comStill, after another 30% retreat by the name and amid multiple signs that the Street is warming up to the shares, I’m more bullish on the name than I was when my previous column was published on Jan. 3.Also importantly, I remain very upbeat on Upstart’s fundamentals and long-term outlook. UPST looks like a solid long-term play.Here’s why. **The Street Is Warming up to UPST Stock** InvestorPlace contributor Ian Bezek, a former Street analyst, was once [very bearish](https://investorplace.com/2021/10/upst-stock-is-wildly-overvalued-and-set-to-crash/?utm_source=Nasdaq&utm_medium=referral) on Upstart. But in the wake of the stock’s recent plunge, even Bezek is becoming [more upbeat](https://investorplace.com/2022/01/upstart-is-finally-approaching-a-tradable-bottom/?utm_source=Nasdaq&utm_medium=referral) on the name. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) In a Jan. 12 column, he wrote, “What makes UPST stock potentially viable, at least as a name to trade, is that the company earns money.” He added that “Upstart is not as bad of a company as many of the other so-called disruptive stocks.” On the other hand, Bezek does not expect the shares to be over $100 in the “long term.” He wrote that “Upstart’s IPO price was just $20 per share not too long ago, after all.” But the fact that he’s much more optimistic on the stock’s outlook than he once was suggests that the Street is likely to view the shares more favorably in the days and weeks ahead.In other indications that the market is becoming more upbeat on Upstart, a research firm recently issued a largely favorable note on the name.On Jan. 13, **Piper Sandler** (NYSE: [PIPR](https://investorplace.com/stock-quotes/pipr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) kept an [“overweight” rating on Upstart](https://thefly.com/news.php?symbol=UPST). Analyst Arvind Ramnani indicated that he views Upstart as one of the better names in the “vertical software and fintech sector.” Ramnani remained upbeat on the “higher quality names” in the sector and cut his price target on the shares “to $223 from $300,” The Fly noted. But that target is still more than double Upstart’s current price. **Upstart Is Very Different From Many Other Growth Stocks** As Bezek noted one characteristic that distinguishes Upstart from some other growth names is its profitability. Indeed, in the 12 months that ended in September, the company’s operating income [came in at $96 million](https://seekingalpha.com/symbol/UPST/income-statement).In my view, the firm’s profitability, along with Upstart’s [exceptionally rapid revenue growth](https://seekingalpha.com/symbol/UPST/income-statement#figure_type=quarterly) (its top line soared nearly 1,000% year-over-year in the third quarter) indicates that the company’s offerings are seen as quite valuable. And, the company must have some important comparative advantages in its target market. Combined with the company’s extremely strong revenue growth, of course, all indicates that its solutions are quickly proliferating. Upstart’s profitability distinguishes it from names like **Palantir** (NYSE: [PLTR](https://investorplace.com/stock-quotes/pltr-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Teladoc**(NYSE: [TDOC](https://investorplace.com/stock-quotes/tdoc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), whose large losses suggest that their products are not seen by their target markets as being uniquely valuable.Of course, Upstart is in a completely different category than companies that generate very few sales. Such as **Virgin Galactic** (NYSE: [SPCE](https://investorplace.com/stock-quotes/spce-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and** Lordstown Motors**(NASDAQ: [RIDE](https://investorplace.com/stock-quotes/ride-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).And unlike, say, **GameStop**(NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **AMC**(NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), Upstart is not facing huge threats, its shares weren’t propelled much higher primarily by retail investors, and it’s not in the midst of a turnaround. **The Bottom Line on UPST Stock** The shares are trading at a forward price-earnings ratio of 48, based on analysts’ average 2022 EPS estimate. With Upstart starting to disrupt personal lending for small and medium banks, as well as the auto loan sector, that’s a tiny valuation. Also notable is the fact that Upstart’s offerings allow lenders to profitably provide loans to many more consumers. This greatly increases their top and bottom lines. Consequently, the company’s products are quite valuable.Also striking is that, despite Upstart’s huge potential, the market capitalization of UPST stock is a relatively paltry $7.2 billion. Consequently, I believe that the shares have a great deal of room to run in the coming months and years. This makes UPST stock a good investment for those with a long time horizon.On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Larry Ramer has conducted research and written articles on U.S. stocks for 14 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been Ford, solar stocks, and Plug Power. You can reach him on StockTwits at @larryramer.The post [Upstart Stock Looks Poised To Soar After Huge Pullback](https://investorplace.com/2022/01/upst-stock-looks-poised-to-soar-after-huge-pullback/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-29
Title: Thursday Market Update: Why Were Stocks Up Today?
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) We’re diving into the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday in our market update and that includes why stocks were up today. [A view of the Federal Hall on Wall Street representing Why Are Stocks Were Up Today.](https://investorplace.com/wp-content/uploads/2021/04/wall-street-federal-hall-300x169.jpg) Source: f11photo/Shutterstock.comWhile the stock market has been in a slump these past few weeks, there’s was a light of hope this morning. Both the **S&P 500** and the **Nasdaq Composite** were rising higher in early morning trading.That positive came after a rough day with the Federal Reserve [detailing plans for interest rates](https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html). That includes warnings of a rate hike in March, as well as asset purchases coming to an end at that same time.That’s really not all that surprising for investors that have been keeping up with the [latest stock market news](https://www.nasdaq.com/news-and-insights) Traders were [expecting as much](https://investorplace.com/2022/01/fed-meeting-today-13-things-that-have-investors-on-edge-ahead-of-the-fomc-meeting/?utm_source=Nasdaq&utm_medium=referral) prior to the Fed’s meeting details being revealed yesterday. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) It’s also possible that a positive outlook for the coming months was why stocks were up today. One industry that has been hit hard by the pandemic is travel. However, airlines stocks [were rising higher this morning](https://investorplace.com/2022/01/airline-stocks-what-has-luv-jblu-ual-and-aal-heading-higher-today/?utm_source=Nasdaq&utm_medium=referral). This was due to a combination of strong earnings reports, as well as expectations for the economy to improve later this year. Unfortunately, the positive momentum from this morning couldn’t last. While both the S&P 500 and Nasdaq Composite were up then, they’re both slipping now. That has the S&P 500 down around half a percent and the Nasdaq Composite dropping 1.3% as of Thursday afternoon.Investors will want to keep an eye on the stock market in the coming months. Especially in March, which is when the next Fed meeting is set to take place.We’ve got more [stock market news](https://www.nasdaq.com/news-and-insights) worth diving into below!InvestorPlace is home to all the latest [stock news](https://www.nasdaq.com/news-and-insights) for Thursday. Among that is what’s sending **Indonesia Energy** (NYSEAMERICAN: [INDO](https://investorplace.com/stock-quotes/indo-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock higher, why **LendingClub** (NYSE: [LC](https://investorplace.com/stock-quotes/lc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) stock is taking a beating, and details on an upcoming SPAC merger. You can find out more about these matters by checking out the following links! **More Thursday Stock Market News** - [INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today](https://investorplace.com/2022/01/indo-stock-14-things-to-know-about-indonesia-energy-as-it-rockets-150-today/?utm_source=Nasdaq&utm_medium=referral) - [LC Stock Alert: 10 Reasons Why LendingClub Is Plunging Today](https://investorplace.com/2022/01/lc-stock-alert-10-reasons-why-lendingclub-is-plunging-today/?utm_source=Nasdaq&utm_medium=referral) - [Apifiny SPAC Merger: 13 Things to Know About Abri’s (ASPAU) Plans to Take the Crypto Exchange Public](https://investorplace.com/2022/01/apifiny-spac-merger-13-things-to-know-about-abris-aspau-plans-to-take-the-crypto-exchange-public/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [Thursday Market Update: Why Were Stocks Up Today?](https://investorplace.com/2022/01/thursday-market-update-why-are-stocks-were-up-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Percentage Change: 0.00%
Date: 2022-01-28
Title: Why Peloton Could Be 2022's Comeback Stock of The Year
Article: A category of COVID stocks emerged after the 2020 lockdowns: companies that benefited from providing digital products and services to people who spent more time than usual in their homes. Some of these stocks soared to sky-high share prices and have come back down to Earth in the market correction over the past few months.Digital fitness company **Peloton Interactive** [(NASDAQ: PTON)](https://www.nasdaq.com/market-activity/stocks/pton) might be among the most volatile of this group, dropping more than 80% over just the past year. Trying to buy the dip on this stock may have left some investors quite frustrated. There are good reasons why the stock has struggled so much. However, there's sometimes opportunity in setbacks. There are two reasons why Peloton could be a big winner from this point by the end of 2022. [Person exercising on a home bike.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662829%2Fgettyimages-1316937833.jpg&w=700) Image source: Getty Images. **Poor planning and execution** Peloton's business surged during the 2020 lockdowns; quarterly year-over-year revenue growth accelerated from 80% to 100% before COVID to almost 240% at its peak in 2020. Management responded to this uptick in business by spending heavily to increase its manufacturing output, [buying fitness manufacturer Precor](https://www.fool.com/investing/2021/04/02/peleton-finalizes-its-buyout-of-fitness-equipment/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for $420 million in cash and hiring aggressively.What management didn't anticipate is that demand for Peloton's products would fall as lockdowns ended. As you can see in the chart, the company's revenue growth fell off of a cliff.[](https://ycharts.com/companies/PTON/chart/)[PTON Revenue (Quarterly YoY Growth)](https://ycharts.com/companies/PTON/revenues_growth) data by [YCharts](https://ycharts.com/) A factory requires money to operate. It spreads costs (like employees, utilities, and other expenses) across all of the products it makes, and this helps make the facility profitable. But when it runs at less than full speed, a factory can't spread those expenses out as effectively, and profitability goes down.This chart shows how these increased costs hurt Peloton's financials when there wasn't enough demand to keep the factories at full pace. Peloton has drained cash from its balance sheet, and the business went from generating [free cash flow](https://www.fool.com/investing/how-to-invest/stocks/free-cash-flow/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) to burning a lot of money.[](https://ycharts.com/companies/PTON/chart/)[PTON Free Cash Flow](https://ycharts.com/companies/PTON/free_cash_flow_ttm) data by [YCharts](https://ycharts.com/)**Management's credibility has weakened** Execution mistakes are one thing, but Peloton's management has made things worse by reversing certain decisions and undermining its credibility with investors. The company's CFO, Jill Woodworth, said on its 2022 Q1 [earnings call](https://www.nasdaq.com/market-activity/earnings) that it wouldn't need to raise any more capital; however, just a couple of weeks later the company [raised $1 billion](https://www.fool.com/investing/2021/11/20/peloton-thrilled-the-stock-market-with-its-1-billi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) in a share offering.The company cut the price of its products several months ago to make its pricing more competitive amid competition. Then it reversed course by raising its prices again and charging a separate delivery fee when it had always been free of charge.Then there have been media reports that the company is pausing production. CEO John Foley issued a statement in response, saying only that the company is "resetting our production levels for sustainable growth." Meanwhile, a number of high-level executives are reported to have sold large amounts of stock. Investors need to trust management because when volatility hits a stock, you can lean on leadership to continue executing and reinforcing an investor's conviction in the business. **The digital subscription business is thriving** But it's not all doom and gloom. Peloton still has some excellent traits that could turn the stock around over time. The company's long-term goal is to grow its digital subscription business, becoming the **Netflix** of fitness with users subscribing to its monthly subscription for access to its work-out content.The company's preliminary Q2 2022 results indicated that subscriptions should come in at 2.77 million users, only slightly missing the original guidance of 2.8 million to 2.85 million. At the same time, the subscription service still shows low churn, just 0.79%, meaning less than 1% of subscribers leave the service each month. The company emphasizes keeping churn low, and so far it continues to succeed.The subscription business is crucial because it's much more profitable than the bikes and treadmills. Fitness equipment contributed 62% of total revenue in the latest quarter, but subscriptions made up 77% of the company's total $263 million in [gross profit](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8). The equipment business gets all the headlines, but investors might want to pay more attention to the subscription business. **The bad news could be priced in** The stock's fall from grace has taken its valuation down with it; the stock is the cheapest it's ever been with a forward [price-to-sales (P/S) ratio](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) of just 2. The company's fundamentals have deteriorated, so it certainly deserves a lower valuation. However, at some point, there could be so much negativity priced into the stock that it becomes a potential opportunity. [](https://ycharts.com/companies/PTON/chart/)[PTON PS Ratio (Forward)](https://ycharts.com/companies/PTON/forward_ps_ratio) data by [YCharts](https://ycharts.com/) Peloton's [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) is down to $8.5 billion. If the subscription business were its own company, it would have done $1.02 billion in revenue over the past four quarters. A P/S ratio of 8 on that alone gives you Peloton's current market cap, meaning you're getting the equipment business for free.The company's struggling financials are detracting from the subscription business's value right now. If Peloton can get its costs back under control over the next few quarters and see revenue growth at least stabilize, investors could begin to come back around on the stock, thinking that the worst is behind it. Peloton seems to be a much riskier investment these days, but that can sometimes mean there is more potential reward. **10 stocks we like better than Peloton Interactive** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8) for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=da993fbe-9613-4de6-b910-d78b539c27a7&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPeloton%2520Interactive&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ec41428-bfcd-41ab-be83-f29dee10a4c8)*Stock Advisor returns as of January 10, 2022 [Justin Pope](https://boards.fool.com/profile/TMFjgp331/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Netflix and Peloton Interactive. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Percentage Change: 0.00%
Last 8 Articles for Current Stock:
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: Markets
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Type: News
Publication: RTTNews
Publication Author: RTTNews.com
Date: 2022-01-28
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Stock Price 4 days before: 79.5576
Stock Price 2 days before: 81.0424
Stock Price 1 day before: 81.0629
Stock Price at release: 73.8154
Risk-Free Rate at release: 0.0004
Symbol: GENI
Security: Genius Sports Limited
Related Stocks/Topics: TSLA|Markets|VLD
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Type: News
Publication: The Motley Fool
Publication Author: Rick Munarriz
Date: 2022-01-28
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 5.8977
Stock Price 2 days before: 6.45307
Stock Price 1 day before: 6.07347
Stock Price at release: 5.49276
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: Markets|PFE|MRNA
Title: What's Next For Novavax Stock?
Type: News
Publication: The Motley Fool
Publication Author: Alex Carchidi
Date: 2022-01-29
Article: Despite seeing losses of more than 50% this year and severely underperforming the market, **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) stock might not be finished falling. In late December 2021, the World Health Organization granted another emergency use listing for its coronavirus vaccine, but, much to the chagrin of shareholders, it failed to stop the stock's tumble.That doesn't mean Novavax will be underperforming the market forever, though. If anything, its ensuing vaccine revenue and its ongoing pipeline development should (eventually) show the market that the company is worthwhile. Here's why. [An investor touches the bridge of their nose, expressing frustration, while sitting in front of two computers.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662673%2Ffrustrated-investor-at-computers.jpg&w=700) Image source: Getty Images. **Sales and earnings are likely to be strong** While it might not be enough to stem the stock's losses immediately, Novavax will report its fourth-quarter earnings either at the end of February or at the start of March. And there's every reason to believe that it'll be reporting that it's raking in money at an industrial scale.In 2021, Novavax signed advance purchase agreements to deliver more than 400 million doses of its vaccine, Nuvaxovid. Across five analysts, the average revenue predicted from Nuvaxovid for this year is $4.62 billion, [a massive increase](https://www.fool.com/investing/2022/01/13/novavax-stock-buy-sell-or-hold-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736) over the $1.38 billion estimated for 2021. A faster-than-expected vaccine rollout could easily lead the business's actual sales to outperform these figures, which could in turn cause the stock to move higher. Plus, given that the pandemic (lamentably) isn't over, it's highly probable that customers will come back for more doses once they use the ones they purchased last year.Right now, its manufacturing operations should be capable of minting around 150 million doses per month. And that level of output is likely increasing over time, with the company expanding its manufacturing agreement with the South Korea-based **SK Bioscience** in late December. As long as there's more demand for doses than there is supply on the [global market](https://www.nasdaq.com/market-activity/indexes) Novavax is likely to keep scaling up while collecting fresh orders, and that's a very positive sign for the stock. **Will progress in the pipeline restore the market's confidence?**Aside from its upcoming earnings report, ongoing work in Novavax's pipeline is likely to impact the price of its shares in the near future. Specifically, it's going to be working on studies examining how its shot performs when used as a booster. It might also initiate a new variant-specific jab program against the omicron variant, though that may not be necessary depending on how the pandemic proceeds. Both of these programs have significant revenue-making potential if completed, to say the least.Likewise, the company will be submitting regulatory filings to get its jab approved for use in people between the ages of 12 and 17. On top of that, fresh clinical trials testing the vaccine in even younger patients are forthcoming in the first half of 2022. Conducting this work is essential if Novavax wants to compete with **Pfizer** and **Moderna** over [global market](https://www.nasdaq.com/market-activity/indexes) share.Then there's its ongoing effort to make a vaccine that protects against both the coronavirus and influenza. Data from the combination jab's phase 1/2 clinical trials is expected in the first half of this year. Still, the data update will need to be quite positive if it's going to help shareholders recoup some of their losses over the short term.[](https://ycharts.com/indices/%5ESPX/chart/)[^SPX](https://ycharts.com/indices/%5ESPX) data by [YCharts](https://ycharts.com/)**Don't catch a falling knife** As probable as it is that Novavax is going to start reporting impressive earnings and favorable pipeline progress in 2022, I urge investors not to jump and buy the stock before those reports are in hand. Its [market cap](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736) is currently around $5.3 billion, which is far from its peak near $15.7 billion in late June 2021, and there could be more losses to come.For whatever reason, the market doesn't feel good about this stock right now -- nor does it feel positively about competitors like Moderna, which has fallen by more than 59% so far this year. If this starts to turn around with the publication of earnings or clinical trial data, that'll be the sign to move. But it's important to remember that Novavax is still a speculative stock. If the thought of a risky purchase losing money makes you lose sleep at night, it's probably for the best to find something else for your portfolio. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=70586639-a3fe-4cbf-b2ce-3d4cbceabbe0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736) for investors to buy right now… and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=70586639-a3fe-4cbf-b2ce-3d4cbceabbe0&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=70ab8e43-dbb0-4b8a-ab2d-c24d5d9f4736)*Stock Advisor returns as of January 10, 2022 [Alex Carchidi](https://boards.fool.com/profile/TMFacarchidi/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 76.5343
Stock Price 2 days before: 80.6589
Stock Price 1 day before: 73.8481
Stock Price at release: 77.1045
Risk-Free Rate at release: 0.0004
| 79.8152 |
Broader Economic Information:
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings and Revenues Surpass Estimates
Article: Caterpillar (CAT) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.63%. A quarter ago, it was expected that this construction equipment company would post earnings of $2.26 per share when it actually produced earnings of $2.66, delivering a surprise of 17.70%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Caterpillar, which belongs to the Zacks Manufacturing - Construction and Mining industry, posted revenues of $13.8 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $11.24 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Caterpillar shares have added about 2.6% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Caterpillar?**While Caterpillar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/CAT/earnings-calendar), the estimate revisions trend for Caterpillar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $13.32 billion in revenues for the coming quarter and $12.31 on $56.58 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Construction and Mining is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, H&E Equipment (HEES), is yet to report results for the quarter ended December 2021.This construction and industrial equipment service provider is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -19.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.H&E Equipment's revenues are expected to be $260.8 million, down 17.4% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [H&E Equipment Services, Inc. (HEES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HEES&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858874/caterpillar-cat-q4-earnings-and-revenues-surpass-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858874) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: Schrodinger Inc Shares Near 52-Week Low - Market Mover
Article: Schrodinger Inc ([SDGR](https://kwhen.com/finance/profiles/SDGR/summary))) shares closed today at 1.4% above its 52 week low of $25.15, giving the company a market cap of $1B. The stock is currently down 23.5% year-to-date, down 71.5% over the past 12 months, and down 7.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 15.9% lower than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 207.8% - The company's stock price performance over the past 12 months lags the peer average by 405.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Friday Sector Laggards: Airlines, Precious Metals
Article: In trading on Friday, airlines shares were relative laggards, down on the day by about 2.2%. Helping drag down the group were shares of Wheels UP Experience, down about 6.6% and shares of Hawaiian Holdings off about 5.6% on the day. Also lagging the market Friday are precious metals shares, down on the day by about 1.7% as a group, led down by Orla Mining, trading lower by about 4.6% and Harmony Gold Mining, trading lower by about 4.1%. [](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)[](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/) [VIDEO: Friday Sector Laggards: Airlines, Precious Metals](http://www.marketnewsvideo.com/story/202201/friday-sector-laggards-airlines-precious-metals-up-ha-orla-hmy-20220128leaderslagUP/)
Broader Industry Information:
Date: 2022-01-28
Title: Investing in Home Bancorp (NASDAQ:HBCP) a year ago would have delivered you a 43% gain
Article: These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. For example, the **Home Bancorp, Inc.** (NASDAQ:HBCP) share price is up 39% in the last 1 year, clearly besting the market return of around 3.7% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! The longer term returns have not been as good, with the stock price only 13% higher than it was three years ago.So let's assess the underlying fundamentals over the last 1 year and see if they've moved in lock-step with shareholder returns. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Home Bancorp was able to grow EPS by 146% in the last twelve months. It's fair to say that the share price gain of 39% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about Home Bancorp as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 6.96.The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).[earnings-per-share-growth](https://images.simplywall.st/asset/chart/45714963-earnings-per-share-growth-1-dark/1643373089269) NasdaqGS:HBCP Earnings Per Share Growth January 28th 2022We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This **free** interactive report on Home Bancorp's [earnings, revenue and cash flow](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#past) is a great place to start, if you want to investigate the stock further. **What About Dividends?**As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Home Bancorp, it has a TSR of 43% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! **A Different Perspective** We're pleased to report that Home Bancorp shareholders have received a total shareholder return of 43% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 5%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered [2 warning signs for Home Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-hbcp/home-bancorp?blueprint=1875069&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) (1 doesn't sit too well with us!) that you should be aware of before investing here.If you like to buy stocks alongside management, then you might just love this **free** [list of companies. (Hint: insiders have been buying them).](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875069&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTA2OTo1NjlmNGYyYzZmMWI4MWUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Oversold Conditions For Viavi Solutions (VIAV)
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Broader Sector Information:
Date: 2022-01-28
Title: Insiders Bullish on Certain Holdings of ARKG
Article: A look at the weighted underlying holdings of the ARK Genomic Revolution ETF (ARKG) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.Verve Therapeutics Inc (Symbol: VERV), which makes up 1.12% of the ARK Genomic Revolution ETF (ARKG), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $39,831,925 worth of VERV, making it the #35 largest holding. The table below details the recent insider buying activity observed at VERV: **VERV — last trade: $26.57 — Recent Insider Buys:** \begin{table}{|c|c|c|c|c|c|} \hline PURCHASED & INSIDER & TITLE & SHARES & PRICE/SHARE & VALUE \\ \hline 12/02/2021 & Andrew D. Ashe & See Remarks & 4,000 & $32.10 & $128,420 \\ \hline 12/02/2021 & Burt A. Adelman & Director & 4,700 & $31.34 & $147,304 \\ \hline \end{table} [Image](https://www.dividendchannel.com/nslideshow.gif) [10 ETFs With Stocks That Insiders Are Buying »](http://www.etfchannel.com/slideshows/etfs-with-stocks-insiders-are-buying/)
Date: 2022-01-29
Title: Slowly Deflating, Expect AMC Stock To Fall Back to Single Digit Prices
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The rate-hike selloff has been bad news for many speculative stocks. That’s especially the case for **Reddit** meme trader favorites like **AMC Entertainment** (NYSE: [AMC](https://investorplace.com/stock-quotes/amc-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **GameStop** (NYSE: [GME](https://investorplace.com/stock-quotes/gme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). In the case of AMC stock, the Federal Reserve’s “return to normal” with its proposed interest rate changes has sent the stock down more than 40% since Jan 3. [AMC stock: an AMC imax theater storefront](https://investorplace.com/wp-content/uploads/2019/08/amc-stock-1-300x169.jpg) Source: Sundry Photography / Shutterstock.comThat’s atop the decline experienced between Thanksgiving and New Year’s, when the Fed first made known it was raising rates. In total, shares in the movie theater chain, and meme stock king, have tumbled from just under $40 per share, to around $15 per share as of this writing.In my articles on this popular meme play, I’ve long discussed the inevitability of it falling back to a price in line with its underlying value. Admittedly, this has taken some time. Even now, as one of the factors that made it bubble up in the first place (rock-bottom interest rates) is going away, the stock’s price deflation is happening at a relatively slow pace.Nevertheless, you can expect it to continue. The self-described “Apes,” or devoted fans of the stock, continue to make their exit. Without this pool of investors, valuing the stock on factors outside of fundamentals? Investors who price stocks based on time-tested methods are slowly taking back control. In time, it’ll fall to its fair value. **AMC Stock and The End of Meme Mania** It took some time, but the phenomenon that sent this and other stocks “to the moon” may have finally ended. At least, that’s the take of Investors Business Daily, which on Jan. 24 declared it [“game over for meme stocks.”](https://www.investors.com/etfs-and-funds/sectors/sp500-meme-stock-crash-costs-speculators-48-9-billion/) - [7 IT Stocks to Buy No Matter What Earnings Season Brings](https://investorplace.com/2022/01/7-it-stocks-to-buy-no-matter-what-earnings-season-brings/?utm_source=Nasdaq&utm_medium=referral) With rates rising, fundamentals are back into focus. In turn, we’ve reached the end of the line for the absurd valuations seen with AMC stock, GME stock, and other meme plays once considered “unsinkable.” Downward pressure from this has led many prior devoted fans of both names to quickly lose their “diamond hands,” throwing the towel in a wave of panic selling.Now that meme mania is “over,” you may think AMC is on the verge of bottoming out. After all, despite the big selloff, this remains [one of the most-talked about stocks on Reddit](https://wsbtrackers.com/). That may be a sign of one last big rally, right?Maybe, maybe not. There may still be a lot of talk about it on r/WallStreetBets and other subreddits.Yet looking at Reddit threads, it appears many users making new posts about it are simply grasping for straws. For instance, one post from a few days back, where the poster is asking around about the [chances of another short-squeeze](https://www.reddit.com/r/wallstreetbets/comments/scs2xg/pessimistically_speaking_will_the_amc_squeeze/). The replies to it from members of the meme community lean toward the bearish side. With many in this sphere reading the writing on the wall, I believe more meme stockers will exit rather than re-enter the AMC stock from here. **On The Road Back to Fair Value** I’ll admit that the exodus of AMC stock “Apes” isn’t going to be instantaneous. However, as market trends move more out of its favor, those still holding the proverbial bag will finally decide to give up and move on. So, what’s the end game for AMC shares?A price below $10 per share. How far below $10 per share is still up for debate. On one hand, it may not be at risk of falling completely back to the low-single digits it traded for in January 2021, just before the meme stock trend emerged. Mainly, because unlike “pre-meme era,” the company is relatively better capitalized, thanks to the secondary offerings it completed last year.On the other hand, these secondary offerings resulted in high shareholder dilution. During the meme era, its share count ballooned from [around 103.8 million](https://www.sec.gov/Archives/edgar/data/0001411579/000141157919000013/c579-20181231x10k.htm), to [nearly 514 million](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000141157921000069/amc-20210930x10q.htm). The pie’s now cut into many more slices. Even if its results get back to pre-virus levels ([which in itself is questionable](https://investorplace.com/2022/01/amc-stock-could-resume-downward-slide-so-watch-out/?utm_source=Nasdaq&utm_medium=referral))), that doesn’t mean the business will be worth the $7-$10 per share it traded for in late 2019.With this, the fair value of AMC stock may not be $10.45 per share, which is the [average analyst price target](https://www.wsj.com/market-data/quotes/AMC/research-ratings) (according to the Wall Street Journal). Instead, it may be more in line with the $6 per share median price target predicted by the sell-side. Either way, there’s no use splitting hairs. No matter how you slice it, the stock has substantial room to fall before it’s in “bottomed out” territory. **The Verdict: We’ve Reached The End Credits With the AMC Saga** Higher interest rates have been the straw that broke the meme stock trend’s back. First, fair weather speculations panicked out of it. Now, the “Ape” crowd has done so as well. A few may be staying in it for now. Yet as the chances of a rebound look dim, they’ll cash out as well.We’ve reached the end credits with the AMC stock saga. There’s no need to stick around. On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Thomas Niel, a contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.The post [Slowly Deflating, Expect AMC Stock To Fall Back to Single Digit Prices](https://investorplace.com/2022/01/amc-stock-slowly-deflating-expect-it-to-fall-back-to-single-digit-prices/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Article: Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies **Nordic American Tankers Limited** (NYSE:NAT) makes use of debt. But should shareholders be worried about its use of debt?**Why Does Debt Bring Risk?**Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. **How Much Debt Does Nordic American Tankers Carry?**The chart below, which you can click on for greater detail, shows that Nordic American Tankers had US$340.2m in debt in September 2021; about the same as the year before. However, it does have US$32.0m in cash offsetting this, leading to net debt of about US$308.2m.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/390562-debt-equity-history-analysis-1-dark/1643378166058) NYSE:NAT Debt to Equity History January 28th 2022**A Look At Nordic American Tankers' Liabilities** The latest balance sheet data shows that Nordic American Tankers had liabilities of US$74.2m due within a year, and liabilities of US$289.9m falling due after that. Offsetting these obligations, it had cash of US$32.0m as well as receivables valued at US$8.13m due within 12 months. So it has liabilities totalling US$323.9m more than its cash and near-term receivables, combined.When you consider that this deficiency exceeds the company's US$271.2m market capitalization, you might well be inclined to review the balance sheet intently. Hypothetically, extremely heavy dilution would be required if the company were forced to pay down its liabilities by raising capital at the current share price. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Nordic American Tankers can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find [this free report on analyst profit forecasts](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future) to be interesting. In the last year Nordic American Tankers had a loss before interest and tax, and actually shrunk its revenue by 56%, to US$182m. To be frank that doesn't bode well. **Caveat Emptor** While Nordic American Tankers's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable US$92m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. Not least because it had negative free cash flow of US$80m over the last twelve months. That means it's on the risky side of things. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For instance, we've identified [4 warning signs for Nordic American Tankers (1 shouldn't be ignored) ](https://simplywall.st/stocks/us/energy/nyse-nat/nordic-american-tankers?blueprint=1875222&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#executive-summary) you should be aware of. If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out [our list of net cash growth stocks](https://simplywall.st/discover/investing-ideas/27012/net-cash-stocks-with-a-growth-track-record?blueprint=1875222&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) without delay. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIyMjowZWRkMjc4MjRjZGMyY2Rj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Borr Drilling Limited - Conditions for equity raise completed
Article: HAMILTON, Bermuda, Jan. 28, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: "BORR") announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the "Equity Offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange ("OSE") upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE. **Forward looking statements** This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to the consents obtained from creditors including the conditions to such consents, and statements relating to the Equity Offering, conditions relating to completion of the offering and expected timing of closing of the offering. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the Equity Offering, risks relating to the consents obtained and meeting the conditions for such consents, the outcome of the discussions with creditors, and whether agreements will be reached by the dates mentioned herein or at all and the terms of any such agreements and other factors described in the section entitled "Risk Factors" in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This announcement does not constitute an offer to buy, sell or subscribe for any securities described herein. The Equity Offering has not been and will not be registered under the Securities Act of 1933 and the Offer Shares may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=2035899121&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---conditions-for-equity-raise-completed,c3494502](https://c212.net/c/link/?t=0&l=en&o=3427377-1&h=923321223&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---conditions-for-equity-raise-completed%2Cc3494502) [Cision](https://c212.net/c/img/favicon.png?sn=IO45634&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--conditions-for-equity-raise-completed-301470655.html) SOURCE Cision AB
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: VIAV
Security: Viavi Solutions Inc.
Related Stocks/Topics: Markets
Title: Oversold Conditions For Viavi Solutions (VIAV)
Type: News
Publication: BNK Invest
Publication Author: BNK Invest
Date: 2022-01-28
Article: Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Viavi Solutions Inc (Symbol: VIAV) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $15.355 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.1. A bullish investor could look at VIAV's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VIAV shares:[Viavi Solutions Inc 1 Year Performance Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Looking at the chart above, VIAV's low point in its 52 week range is $14.68 per share, with $18.14 as the 52 week high point — that compares with a last trade of $15.44. [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/)
Stock Price 4 days before: 16.3247
Stock Price 2 days before: 16.3152
Stock Price 1 day before: 16.0
Stock Price at release: 15.4122
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: ROIC
Security: Retail Opportunity Investments Corp.
Related Stocks/Topics: Markets|BRK.A|O|BRK.B
Title: 2 Great Retail REITs to Buy in 2022
Type: News
Publication: The Motley Fool
Publication Author: Matthew Frankel
Date: 2022-01-29
Article: Many investors have been hesitant to invest in any physical retail stocks, but there are still some excellent opportunities. In this Fool Live video clip, **recorded on Jan. 14**, Fool.com contributors Matt Frankel and Jason Hall give their top retail real estate investment opportunities for 2022. **10 stocks we like better than Retail Opportunity Investments** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=d23a1020-9db4-4c5c-83d7-4e0edd5ff657&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRetail%2520Opportunity%2520Investments&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=335597e6-2108-4373-a21b-c8f600221791) for investors to buy right now... and Retail Opportunity Investments wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=d23a1020-9db4-4c5c-83d7-4e0edd5ff657&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRetail%2520Opportunity%2520Investments&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=335597e6-2108-4373-a21b-c8f600221791)*Stock Advisor returns as of January 10, 2022**Matt Frankel:**Moving onto retail, everybody's favorite topic. Why would we want to invest in any retail stocks right now, Jason, why?**Jason Hall:** First of all, I think it's so misunderstood and I think there's so much really valuable retail out there. The idea of the death of brick-and-mortar. I just think it's so grossly underrated and understated and that's one of the reasons that I like the company that I'm going to talk about, and that's **Retail Opportunity Investments Corp** [(NASDAQ: ROIC)](https://www.nasdaq.com/market-activity/stocks/roic), ROIC. So ROIC is definitely a niche player, but they are playing in a very big niche. That's West Coast-based high-value strip malls that have an anchor tenant, that's grocery pharmacy, something like that, it's relatively e-commerce resistant. Even if it has a good e-commerce business, it serves a value because it's the local distribution point which you need for grocery. So, it's a really interesting business. They focus on the West Coast. They focus on the high traffic, high value. Being in the right areas with the right demographics. You see some of the numbers, owns 86 shopping centers, just under 10 million square feet, almost 2,000 tenants and their lease rate is 97%. The bottom line is that those e-commerce resistant anchor tenants make all of the other potential spaces in those properties valuable. If you're a salon, if you're a restaurant, if you sell pet food or some other little type of small business, there's a lot of value having a high-traffic anchor tenant right there because it drives business to you too. I love them. Stuart Tanz has been a great CEO. He's been doing this for 25 years and he's been really successful. **Frankel:**My pick is **Store Capital** [(NYSE: STOR)](https://www.nasdaq.com/market-activity/stocks/stor), which isn't that far off. **Hall:** Matt, that was my number two. **Frankel:** Ticker symbol is STOR, stands for Single Tenant Operational Real Estate. The biggest difference, as the name implies, single-tenant instead of anchored shopping centers. Store Capital has $3 trillion dollars' worth of properties in its target basket that it could potentially go after. If you're familiar with **Realty Income** [(NYSE: O)](https://www.nasdaq.com/market-activity/stocks/o), which is a much more popular version of essentially the same business model, Store Capital focuses more in the middle-market as opposed to A-class properties. The cost of capital advantage here is phenomenal.So let me just show you one thing. They're investing aggressively right now and here's why. If you look at this, this is the first nine months of the year. The fifth bullet point down is that they invested $1 billion in properties at an initial cap rate of return of 7.7%. Go down to that last bullet in that section. They issued debt at 2.8%. So, they're making a 7.7% initial yield on their properties. They are paying 2.8% average on their debt. That's a fantastic spread between your cost of debt and your initial returns. Especially since a lot of healthcare and office and industrial properties, that initial cap rate is in the 3%-4% percent range right now because interest rates are so low, that's not the case in mid-market retail.They have great capital advantages. If you look at a long-term chart of Realty Income's performance, which has been around much longer, it has handily beat the market over time. I think Store is going to do the exact same thing. **Hall:** It's a dividend aristocrat too. **Frankel:** Yeah. **Hall:** I think Store Capital will be as soon as it gets to that 25-year mark. **Frankel:**Only REIT that Warren Buffett owns in **Berkshire Hathaway**'s [(NYSE: BRK.A)](https://www.nasdaq.com/market-activity/stocks/brk.a)[(NYSE: BRK.B)](https://www.nasdaq.com/market-activity/stocks/brk.b) portfolio, by the way. **Hall:** There you go.[Jason Hall](https://boards.fool.com/profile/TMFVelvetHammer/info.aspx) owns Realty Income, Retail Opportunity Investments, and STORE Capital. [Matthew Frankel, CFP®](https://boards.fool.com/profile/TMFMathGuy/info.aspx) owns Berkshire Hathaway (B shares), Realty Income, and STORE Capital. The Motley Fool owns and recommends Berkshire Hathaway (B shares) and Retail Opportunity Investments. The Motley Fool recommends STORE Capital and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 18.0326
Stock Price 2 days before: 18.363
Stock Price 1 day before: 18.1341
Stock Price at release: 18.498
Risk-Free Rate at release: 0.0004
| 18.1283 |
Broader Economic Information:
Date: 2022-01-28
Title: First Week of April 14th Options Trading For Vir Biotechnology
Article: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Oppenheimer Holdings Inc. Reports Fourth Quarter and Record Full Year 2021 Earnings
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $62.9 million or $4.99 basic earnings per share for the fourth quarter of 2021 compared with net income of $81.9 million or $6.56 basic earnings per share for the fourth quarter of 2020. Revenue for the fourth quarter of 2021 was $365.1 million compared to revenue of $422.9 million for the fourth quarter of 2020, a decrease of 13.7%. The comparison of revenue for the fourth quarter of 2021 to the fourth quarter of 2020 was significantly impacted by a reduction in incentive fee income from alternative investments of $109.4 million. Incentive fee income contributed approximately $53.1 million in net income ($4.25 basic earnings per share) to the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported net income of $159.0 million or $12.57 basic net income per share compared with net income of $123.0 million or $9.73 basic net income per share for the year ended December 31, 2020. Revenue for the year ended December 31, 2021 was $1.4 billion compared to revenue of $1.2 billion for the year ended December 31, 2020, an increase of 16.3%. \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Summary Operating Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline Firm & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Revenue & $ & 365,118 & $ & 422,908 & $ & 1,394,035 & $ & 1,198,667 \\ \hline Compensation Expense & $ & 193,787 & $ & 244,073 & $ & 886,840 & $ & 770,997 \\ \hline Non-compensation Expense & $ & 79,379 & $ & 65,040 & $ & 282,554 & $ & 258,670 \\ \hline Pre-Tax Income & $ & 91,952 & $ & 113,795 & $ & 224,641 & $ & 169,000 \\ \hline Income Taxes & $ & 29,055 & $ & 31,915 & $ & 65,677 & $ & 46,014 \\ \hline Net Income & $ & 62,897 & $ & 81,880 & $ & 158,964 & $ & 122,986 \\ \hline Earnings Per Share - Basic & $ & 4.99 & $ & 6.56 & $ & 12.57 & $ & 9.73 \\ \hline Earnings Per Share - Diluted & $ & 4.61 & $ & 6.17 & $ & 11.70 & $ & 9.30 \\ \hline Book Value Per Share & $ & 65.66 & $ & 54.93 & $ & 65.66 & $ & 54.93 \\ \hline Tangible Book Value Per Share (1) & $ & 52.11 & $ & 41.31 & $ & 52.11 & $ & 41.31 \\ \hline (1) Represents book value less goodwill and intangible assets divided by number of shares outstanding. \\ \hline \end{table} **Highlights** - Record revenue for the full year 2021 - Record pre-tax income and net income for the full year 2021 - Record basic and diluted earnings per share for the full year 2021 - Record revenue and earnings in Capital Markets segment for the fourth quarter and full year 2021 driven by record investment banking results - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record of $823.8 million as of December 31, 2021 - Book value and tangible book value per share reached record levels at December 31, 2021 - Client assets under administration and under management were both at record levels at December 31, 2021 **Albert G. Lowenthal**, Chairman and CEO commented, "The record results for the full year 2021 demonstrate the strength of our franchise and the countercyclical and balanced nature of our businesses. The record results in our Capital Markets business helped offset the significantly lower incentive fees from alternative investments and bank deposit sweep income in Wealth Management. Despite this, the Wealth Management business had record management fees and steady commission revenue contributing to very solid results during the year. I am very pleased with the performance of the Investment Banking division which helped propel the Capital Markets business to record revenue and earnings for the year on very strong equity underwriting and M&A advisory fees. The operating results of Capital Markets were also positively impacted by the establishment of a deferred compensation plan in December 2021. Operating results were negatively impacted by an increase in legal and regulatory costs during the fourth quarter reversing a trend of decreases in those costs over the past several years. Concerns impacting market sentiment continue to persist around inflation, higher oil prices, and the Federal Reserve's tapering of bond buying. However, the prospects of moderately higher interest rates, a strong economy, and low unemployment, should provide a constructive backdrop for investors. While our comparative operating results for the quarter were significantly impacted by the outsized impact of incentive fees in the fourth quarter of 2020, the overall business performed exceptionally well with record contributions from our Investment Bank and strong results across the board from our other businesses. I am extremely proud of the outstanding performance of our employees during a very difficult period and want to thank them for the fifth consecutive year of increased operating results and the second year in a row of record operating results." \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Segment Results (Unaudited) \\ \hline ('000s, except per share amounts or otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 & FY-21 & FY-20 \\ \hline Private Client \\ \hline Revenue & $ & 173,310 & $ & 217,743 & $ & 665,060 & $ & 642,083 \\ \hline Pre-Tax Income & $ & 17,784 & $ & 39,362 & $ & 101,146 & $ & 122,844 \\ \hline Assets Under Administration ($Bn) & $ & 122.1 & $ & 104.8 & $ & 122.1 & $ & 104.8 \\ \hline & & & & & \\ \hline Asset Management \\ \hline Revenue & $ & 27,930 & $ & 72,851 & $ & 104,598 & $ & 130,274 \\ \hline Pre-Tax Income & $ & 10,270 & $ & 56,911 & $ & 35,874 & $ & 71,625 \\ \hline Asset Under Management ($Bn) & $ & 46.2 & $ & 38.8 & $ & 46.2 & $ & 38.8 \\ \hline & & & & \\ \hline Capital Markets \\ \hline Revenue & $ & 165,575 & $ & 131,651 & $ & 625,704 & $ & 426,752 \\ \hline Pre-Tax Income & $ & 96,838 & $ & 41,894 & $ & 204,090 & $ & 83,442 \\ \hline \end{table} **Fourth Quarter Results** **Private Client** Private Client reported revenue of $173.3 million for the fourth quarter of 2021, 20.4% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income of $17.8 million in the current quarter resulted in a pre-tax profit margin of 10.3%. Financial advisor headcount declined to 996 at the end of the current quarter compared to 1,002 at the end of fourth quarter of 2020 primarily due to retirements. We are pleased that production levels per financial advisor continues to increase as the Company recruits higher producing financial advisors. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $173,310 & $217,743 \\ \hline Commissions & $ 55,027 & $ 53,383 \\ \hline Advisory Fees & $ 90,857 & $133,562 \\ \hline Bank Deposit Sweep Income & $ 3,928 & $ 4,262 \\ \hline Interest & $ 7,954 & $ 6,393 \\ \hline Other & $ 15,544 & $ 20,143 \\ \hline & & \\ \hline Total Expenses & $155,526 & $178,381 \\ \hline Compensation & $120,487 & $151,774 \\ \hline Non-compensation & $35,039 & $ 26,607 \\ \hline & & \\ \hline Pre-Tax Income & $17,784 & $39,362 \\ \hline & & \\ \hline Compensation Ratio & 69.5 % & 69.7 % \\ \hline Non-compensation Ratio & 20.2 % & 12.2 % \\ \hline Pre-Tax Margin & 10.3 % & 18.1 % \\ \hline & & \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 3.1% from a year ago primarily driven by higher client option trading activity - Advisory fees decreased 32.0% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current year - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $61.6 million in the fourth quarter of last year - Bank deposit sweep income decreased $0.3 million or 7.8% from a year ago due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 24.4% from a year ago due to higher average margin balances partially offset by lower short-term interest rates - Other revenue decreased 22.8% compared with a year ago primarily due to lower increases in the cash surrender value of Company-owned life insurance policies when compared to the fourth quarter of 2020. **Total Expenses:** - Compensation expenses decreased 20.6% compared with a year ago primarily due to decreased payouts associated with the lower incentive fees from alternative investments (referred to above) as well as lower deferred and share-based compensation costs partially offset by higher incentive compensation costs - Non-compensation expenses increased 31.7% compared with a year ago primarily due to an increase in legal reserves **Asset Management** Asset Management reported revenue of $27.9 million for the fourth quarter of 2021, 61.7% lower compared with a year ago due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $10.3 million, a decrease of 82.0% compared with a year ago. \begin{table}{|c|c|c|} \hline ('000s, except otherwise indicated) \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 27,930 & $ 72,851 \\ \hline Advisory Fees & $ 27,926 & $ 70,847 \\ \hline Other & $ 4 & $ 2,004 \\ \hline & & \\ \hline Total Expenses & $ 17,660 & $ 15,940 \\ \hline Compensation & $ 8,172 & $ 7,104 \\ \hline Non-compensation & $ 9,488 & $ 8,836 \\ \hline & & \\ \hline Pre-Tax Income & $ 10,270 & $ 56,911 \\ \hline & & \\ \hline Compensation Ratio & 29.3 % & 9.8 % \\ \hline Non-compensation Ratio & 34.0 % & 12.1 % \\ \hline Pre-Tax Margin & 36.8 % & 78.1 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 60.6% due to a significant decrease in incentive fees from alternative investments partially offset by higher management fees from advisory programs during the current quarter - Incentive fees allocated to this segment were $1.1 million for the current quarter versus $49.2 million in the fourth quarter of last year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of new assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 15.0% driven primarily by higher incentive compensation costs - Non-compensation expenses were up 7.4% when compared with a year ago primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $165.6 million for the fourth quarter of 2021, 25.8% higher compared with a year ago. Pre-tax income was $96.8 million compared with $41.9 million a year ago. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & 4Q-21 & 4Q-20 \\ \hline & & \\ \hline Revenue & $ 165,575 & $ 131,651 \\ \hline & & \\ \hline Investment Banking & $ 112,647 & $ 78,048 \\ \hline Advisory Fees & $ 56,503 & $ 32,749 \\ \hline Equities Underwriting & $ 46,434 & $ 39,205 \\ \hline Fixed Income Underwriting & $ 9,541 & $ 5,474 \\ \hline Other & $ 169 & $ 620 \\ \hline & & \\ \hline Sales and Trading & $ 52,536 & $ 52,723 \\ \hline Equities & $ 33,728 & $ 34,546 \\ \hline Fixed Income & $ 18,808 & $ 18,177 \\ \hline & & \\ \hline Other & $ 392 & $ 880 \\ \hline & & \\ \hline Total Expenses & $ 68,737 & $ 89,757 \\ \hline Compensation & $ 39,568 & $ 67,070 \\ \hline Non-compensation & $ 29,169 & $ 22,687 \\ \hline & & \\ \hline Pre-Tax Income & $ 96,838 & $ 41,894 \\ \hline & & \\ \hline Compensation Ratio & 23.9 % & 50.9 % \\ \hline Non-compensation Ratio & 17.6 % & 17.2 % \\ \hline Pre-Tax Margin & 58.5 % & 31.8 % \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 72.5% compared with a year ago driven by large M&A advisory and placement fees from transactions in the healthcare, technology and financial institution sectors - Equity underwriting fees increased 18.4% compared with a year ago due to continued robust levels of capital issuances in the equity markets - Fixed income underwriting fees were up 74.3% compared with a year ago primarily driven by public finance issuances **Sales and Trading** - Equities sales and trading decreased 2.4% compared with a year ago due to decreases in income from international equities and event trading partially offset by increases in agency and convertible bonds - Fixed Income sales and trading increased 3.5% compared to the prior year due to increased income from municipal bonds partially offset by lower client activity as investors contemplated new commitments in a continued low interest rate environment **Total Expenses:** - Compensation expenses decreased 41.0% compared with the prior year primarily due to the establishment of a deferred compensation plan during the current quarter and the release of incentive compensation reserves accrued during the first three quarters of 2021 which will be accrued over the service period of three years beginning in 2022 - Non-compensation expenses increased 28.6% compared with a year ago due to increased costs associated with finalizing a legacy regulatory settlement and higher travel and entertainment expenses as business travel ramped up during the period **Full Year Results** **Private Client** Private Client reported revenue of $665.1 million for the year ended December 31, 2021, 3.6% higher compared with the prior year. Pre-tax income of $101.1 million for the year end December 31, 2021 resulted in a pre-tax profit margin of 15.2%. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline Revenue & $665,060 & $642,083 \\ \hline Commissions & $217,724 & $209,447 \\ \hline Advisory Fees & $346,559 & $326,858 \\ \hline Bank Deposit Sweep Income & $ 15,557 & $ 34,829 \\ \hline Interest & $ 29,290 & $ 25,148 \\ \hline Other & $ 55,930 & $ 45,801 \\ \hline Total Expenses & $563,914 & $519,239 \\ \hline Compensation & $446,968 & $412,021 \\ \hline Non-compensation & $116,946 & $107,218 \\ \hline Pre-Tax Income & $101,146 & $122,844 \\ \hline & & \\ \hline Compensation Ratio & 67.2 % & 64.2 % \\ \hline Non-compensation Ratio & 17.6 % & 16.7 % \\ \hline Pre-Tax Margin & 15.2 % & 19.1 % \\ \hline Assets Under Administration ($Bn) & $ 122.1 & $ 104.8 \\ \hline Cash Sweep Balances ($Bn) & $ 7.9 & $ 7.3 \\ \hline \end{table} **Revenue:** - Retail commissions increased 4.0% from the prior year primarily due to increased client activity in mutual funds, options, annuities, and mortgage backed securities partially offset by lower commission income on municipal bonds - Advisory fees increased 6.0% due to increases in management fees from advisory programs partially offset by significantly lower incentive fees from alternative investments - Incentive fees allocated to this segment were $0.6 million for the 2021 year versus $61.7 million for the prior year - Bank deposit sweep income decreased $19.3 million or 55.3% from the prior year due to lower short-term interest rates partially offset by higher average cash sweep balances - Interest revenue increased 16.5% from the prior year due to higher average margin balances partially offset by lower short-term interest rates - Other revenue increased 22.1% primarily due to increases in selling concessions on equity underwriting transactions and the cash surrender value of Company-owned life insurance policies **Total Expenses:** - Compensation expenses increased 8.5% from the prior year primarily due to increased production, share-based and incentive compensation costs - Non-compensation expenses increased 9.1% from the prior year primarily due to higher legal costs **Asset Management** Asset Management reported revenue of $104.6 million for the year ended December 31, 2021, 19.7% lower compared with the prior year due to a significant decrease in incentive fees from alternative investments. Pre-tax income was $35.9 million, a decrease of 49.9% compared with the prior year. \begin{table}{|c|c|c|} \hline ('000s) \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 104,598 & $ 130,274 \\ \hline Advisory Fees & $ 104,584 & $ 128,258 \\ \hline Other & $ 14 & $ 2,016 \\ \hline & & \\ \hline Total Expenses & $ 68,724 & $ 58,649 \\ \hline Compensation & $ 27,811 & $ 25,128 \\ \hline Non-compensation & $ 40,913 & $ 33,521 \\ \hline & & \\ \hline Pre-Tax Income & $ 35,874 & $ 71,625 \\ \hline & & \\ \hline Compensation Ratio & 26.6 % & 19.3 % \\ \hline Non-compensation Ratio & 39.1 % & 25.7 % \\ \hline Pre-Tax Margin & 34.3 % & 55.0 % \\ \hline & & \\ \hline AUM ($Bn) & $ 46.2 & $ 38.8 \\ \hline \end{table} **Revenue:** - Advisory fee revenue decreased 18.5% from the prior year due to significantly lower incentive fees from alternative investments partially offset by higher management fees from advisory programs - Incentive fees allocated to this segment were $1.8 million for the 2021 year versus $49.4 million for the prior year **Assets under Management (AUM):** - AUM hit a record level of $46.2 billion at December 31, 2021, which is the basis for advisory fee billings for January 2022 - The increase in AUM was comprised of higher asset values of $6.4 billion on existing client holdings and a net contribution of assets of $1.0 billion **Total Expenses:** - Compensation expenses were up 10.7% when compared to the prior year driven primarily by higher incentive compensation costs - Non-compensation expenses were up 22.1% when compared to the prior year primarily due to higher external portfolio management costs which are directly related to the increase in AUM **Capital Markets** Capital Markets reported revenue of $625.7 million for the year ended December 31, 2021, 46.6% higher compared with the prior year. Pre-Tax income was $204.1 million compared with $83.4 million for the prior year. \begin{table}{|c|c|c|} \hline ('000s) & & \\ \hline & FY-21 & FY-20 \\ \hline & & \\ \hline Revenue & $ 625,704 & $ 426,752 \\ \hline & & \\ \hline Investment Banking & $ 410,539 & $ 206,098 \\ \hline Advisory Fees & $ 194,753 & $ 80,534 \\ \hline Equities Underwriting & $ 186,736 & $ 103,276 \\ \hline Fixed Income Underwriting & $ 27,004 & $ 20,394 \\ \hline Other & $ 2,046 & $ 1,894 \\ \hline & & \\ \hline Sales and Trading & $ 213,491 & $ 217,711 \\ \hline Equities & $ 138,363 & $ 130,668 \\ \hline Fixed Income & $ 75,128 & $ 87,043 \\ \hline & & \\ \hline Other & $ 1,674 & $ 2,943 \\ \hline & & \\ \hline Total Expenses & $ 421,614 & $ 343,310 \\ \hline Compensation & $ 318,850 & $ 251,697 \\ \hline Non-compensation & $ 102,764 & $ 91,613 \\ \hline & & \\ \hline Pre-Tax Income & $ 204,090 & $ 83,442 \\ \hline & & \\ \hline Compensation Ratio & 51.0% & 59.0% \\ \hline Non-compensation Ratio & 16.4% & 21.5% \\ \hline Pre-Tax Margin & 32.6% & 19.6% \\ \hline \end{table} **Revenue:** Investment Banking - Advisory fees earned from investment banking activities increased 141.8% compared with the prior year driven by increased M&A activity and fees associated with a significant number of capital raising transactions (PIPES) in the healthcare and technology sectors completed during the year - Equities underwriting fees increased 80.8% compared with the prior year due to significantly higher levels of capital issuances in the equity markets particularly in healthcare and technology sectors - Fixed income underwriting fees were up 32.4% compared with the prior year primarily driven by public finance issuances during the year **Sales and Trading** - Equities sales and trading increased 5.9% compared with the prior year due to higher income from institutional agency and convertible bonds - Fixed Income sales and trading decreased 13.7% compared with the prior year driven by lower income from investment grade, high yield, emerging markets, and municipal bonds partially offset by higher income from corporate and convertible bonds **Total Expenses:** - Compensation expenses increased 26.7% compared with the prior year primarily due to increased incentive compensation costs during the year tied to significant increases in revenue - Non-compensation expenses were 12.2% higher compared with the prior year due to increased legal, underwriting, travel and entertainment, and conference costs partially offset by reduced interest costs **Other Matters** \begin{table}{|c|c|c|} \hline (In millions, except percentages, number of shares and per share amounts) \\ \hline & FY-21 & FY-20 \\ \hline Capital & & \\ \hline Senior Secured Notes & $ 124.1 & $ 123.8 \\ \hline Shareholders' Equity & $ 823.8 & $ 685.6 \\ \hline Regulatory Net Capital (1) & $ 422.8 & $ 274.5 \\ \hline Regulatory Excess Net Capital (1) & $ 388.0 & $ 250.1 \\ \hline & & \\ \hline Common Stock Repurchases & & \\ \hline Repurchases & $ 7.7 & $ 15.0 \\ \hline Number of Shares & 177,192 & 718,522 \\ \hline Average Price & $ 43.67 & $ 20.94 \\ \hline & & \\ \hline Period End Shares & 12,546,701 & 12,481,443 \\ \hline Effective Tax Rate & 29.2 % & 27.2 % \\ \hline & & \\ \hline (1) Attributable to Oppenheimer & Co. Inc. broker-dealer \\ \hline \end{table} - Stockholders' equity attributable to Oppenheimer Holdings Inc. reached a record high of $823.8 million at December 31, 2021 - During the fourth quarter of 2021, the Company sponsored a special purpose acquisition company (SPAC), OPY Acquisition Corp. I (NASDAQ GM: "OHAA"), which completed an initial public offering on October 26, 2021. Redeemable noncontrolling interests of $127.8 million associated with the publicly held OHAA Class A Shares are recorded on the Company's consolidated statement of financial condition at December 31, 2021 at redemption value and classified as temporary equity - The Board of Directors announced a quarterly dividend in the amount of $0.15 per share for the fourth quarter of 2021 payable on February 25, 2022 to holders of Class A non-voting and Class B voting common stock of record on February 11, 2022 - The Company paid a special dividend of $1.00 per share to holders of Class A non-voting and Class B voting common stock on December 31, 2021 totaling $12.6 million - Level 3 assets, comprised of auction rate securities, were $31.8 million as of December 31, 2021 - Compensation expense as a percentage of revenue was lower at 63.6% during the current year versus 64.3% last year - The effective tax rate for the current year was 29.2% compared with 27.2% for the prior year. The higher tax rate in the current year was primarily due to an increase in apportionment factors in state and local jurisdictions with higher statutory tax rates. **Coronavirus Pandemic ("COVID-19")** The Company continues to monitor the effects of the pandemic both on a national level as well as regionally and locally and is responding accordingly. In addition, we continue to provide frequent communications to clients, employees, and regulators regarding the impact of COVID-19 on our business. We have adopted enhanced cleaning practices and other health protocols in our offices, taken measures to significantly restrict non-essential business travel and have practices in place to mandate that employees who may have been exposed to COVID-19, or show any relevant symptoms, self-quarantine. In early March 2020, the Company executed on its Business Continuity Plan whereby the vast majority of our employees began to work remotely with only "essential" employees reporting to our offices. We accomplished this by significantly expanding the use of technology infrastructure that facilitates remote operations. Our ability to avoid significant business disruptions is reliant on the continued ability to have the vast majority of employees work remotely. To date, there have been no significant disruptions to our business or control processes as a result of this dispersion of employees. Given the recent surge in COVID-19 cases related to the omicron variant, many employees from our home office and branch locations are working remotely while employees from select groups are working from office locations given the nature of their responsibilities. We anticipate employees returning to offices once the risks associated with the omicron variant subside while maintaining flexible work arrangements. **Company Information** Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 93 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong. **Forward-Looking Statements** This press release includes certain "forward-looking statements" relating to anticipated future performance including the projected impact of COVID-19 on the Company's business, financial performance, and operating results. The following factors, among others, could cause actual results to vary from the forward-looking statements: the severity and duration of COVID-19; COVID-19's impact on the U.S. and global economies; and Federal, state and local governmental responses to COVID-19. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" and Part 1A – Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Oppenheimer Holdings Inc. \\ \hline Consolidated Income Statements (Unaudited) \\ \hline ('000s, except number of shares and per share amounts) & & & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & For the Three Months EndedDecember 31, & & For the Year EndedDecember 31, \\ \hline & & 2021 & & 2020 & & % Change & & 2021 & & 2020 & & % Change \\ \hline REVENUE & & & & & & & & & & & \\ \hline & Commissions & $ 101,076 & & $ 97,971 & & 3.2 & & $ 401,607 & & $ 395,097 & & 1.6 \\ \hline & Advisory fees & 118,798 & & 204,521 & & (41.9) & & 451,197 & & 455,261 & & (0.9) \\ \hline & Investment banking & 117,563 & & 84,139 & & 39.7 & & 433,707 & & 222,298 & & 95.1 \\ \hline & Bank deposit sweep income & 3,928 & & 4,262 & & (7.8) & & 15,557 & & 34,829 & & (55.3) \\ \hline & Interest & 9,567 & & 8,827 & & 8.4 & & 36,482 & & 33,477 & & 9.0 \\ \hline & Principal transactions, net & 4,483 & & 8,975 & & (50.1) & & 26,147 & & 27,874 & & (6.2) \\ \hline & Other & 9,703 & & 14,213 & & (31.7) & & 29,338 & & 29,831 & & (1.7) \\ \hline & Total revenue & 365,118 & & 422,908 & & (13.7) & & 1,394,035 & & 1,198,667 & & 16.3 \\ \hline EXPENSES & & & & & & & & & & & \\ \hline & Compensation and related expenses & 193,787 & & 244,073 & & (20.6) & & 886,840 & & 770,997 & & 15.0 \\ \hline & Communications and technology & 21,023 & & 21,443 & & (2.0) & & 80,520 & & 82,132 & & (2.0) \\ \hline & Occupancy and equipment costs & 14,698 & & 15,741 & & (6.6) & & 60,069 & & 62,352 & & (3.7) \\ \hline & Clearing and exchange fees & 5,639 & & 4,917 & & 14.7 & & 22,306 & & 22,978 & & (2.9) \\ \hline & Interest & 2,292 & & 2,779 & & (17.5) & & 9,855 & & 15,680 & & (37.1) \\ \hline & Other & 35,727 & & 20,160 & & 77.2 & & 109,804 & & 75,528 & & 45.4 \\ \hline & Total expenses & 273,166 & & 309,113 & & (11.6) & & 1,169,394 & & 1,029,667 & & 13.6 \\ \hline Pre-tax income & 91,952 & & 113,795 & & (19.2) & & 224,641 & & 169,000 & & 32.9 \\ \hline Income taxes & 29,055 & & 31,915 & & (9.0) & & 65,677 & & 46,014 & & 42.7 \\ \hline Net Income & $ 62,897 & & $ 81,880 & & (23.2) & & $ 158,964 & & $ 122,986 & & 29.3 \\ \hline & & & & & & & & & & & & \\ \hline Earnings per share & & & & & & & & & & & \\ \hline Basic & $ 4.99 & & $ 6.56 & & (23.9) & & $ 12.57 & & $ 9.73 & & 29.2 \\ \hline Diluted & $ 4.61 & & $ 6.17 & & (25.3) & & $ 11.70 & & $ 9.30 & & 25.8 \\ \hline & & & & & & & & & & & & \\ \hline Weighted average number of common shares outstanding & & & & & & & & \\ \hline & Basic & 12,609,654 & & 12,483,038 & & 1.0 & & 12,642,306 & & 12,642,576 & & — \\ \hline & Diluted & 13,640,402 & & 13,263,754 & & 2.8 & & 13,582,828 & & 13,217,335 & & 2.8 \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=TO44962&sd=2022-01-28) View original content: [https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html](https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-fourth-quarter-and-record-full-year-2021-earnings-301470317.html) SOURCE Oppenheimer Holdings Inc.
Date: 2022-01-28
Title: Brandywine Realty Trust Becomes Oversold
Article: The [DividendRank](https://www.dividendchannel.com/dividend-rank/) formula at [Dividend Channel](https://www.dividendchannel.com/) ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Brandywine Realty Trust (Symbol: BDN) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Brandywine Realty Trust an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of BDN entered into oversold territory, changing hands as low as $12.225 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Brandywine Realty Trust, the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by [Dividend Channel](https://www.dividendchannel.com/) currently has an average RSI of 40.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, BDN's recent annualized dividend of 0.76/share (currently paid in quarterly installments) works out to an annual yield of 6.05% based upon the recent $12.57 share price. A bullish investor could look at BDN's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on BDN is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. [BDN+Dividend+History+Chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) [Click here to find out what 9 other oversold dividend stocks you need to know about »](https://www.dividendchannel.com/slideshows/ten-oversold-dividend-stocks/)
Date: 2022-01-29
Title: 7 Little-Known Penny Stocks That Could Take Off Any Moment
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Usually, investment writers bury the fine print at the end of the article. You know the story, though: all investments involve risk and therefore, you must practice due diligence. That’s fine when discussing blue-chip equities. But when you’re dealing with penny stocks, you’ve got to go above and beyond. One of the biggest reasons for the extra precautionary disclosures is that penny stocks are wildly risky. When you speak with a certified investment professional (as in, not this author), you will almost certainly be directed to a portfolio of high-quality securities and investments with rational bullish narratives. Unfortunately, the speculative fare tempts you with their cheap prices — which typically get cheaper after purchase.Sure, your “friends” on social media will brag about their gains and their newfound financial freedom acquired through penny stocks. First off, people lie on the internet (believe me, it happens). Second, someone somewhere will win the lottery. But that doesn’t bear any relevance to whether you will win out. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Therefore, I’m going to share with you what my former martial arts instructor told me: rule number one is don’t get hurt. This applies to self-defense as it does to these penny stocks to consider. - **Bolt Biotherapeutics** (NASDAQ: [BOLT](https://investorplace.com/stock-quotes/bolt-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AMMO Inc.** (NASDAQ: [POWW](https://investorplace.com/stock-quotes/poww-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Seanergy Maritime** (NASDAQ: [SHIP](https://investorplace.com/stock-quotes/ship-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McEwen Mining** (NYSE: [MUX](https://investorplace.com/stock-quotes/mux-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Waitr** (NASDAQ: [WTRH](https://investorplace.com/stock-quotes/wtrh-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Boxlight** (NASDAQ: [BOXL](https://investorplace.com/stock-quotes/boxl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **First Graphene** (OTCMKTS: [FGPHF](https://investorplace.com/stock-quotes/fgphf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) Overall, the important point is that if you decide to gamble on these ideas, you’re doing it because you feel it’s the right opportunity. Don’t let me or anybody else sway you into investments you are not comfortable taking. And with that in mind, let’s dive in and take a closer look at these penny stocks to consider. **Penny Stocks: Bolt Biotherapeutics ([BOLT](https://www.nasdaq.com/market-activity/stocks/BOLT)))** [A close-up concept image of a tiny glass vial with a strand of DNA in it.](https://investorplace.com/wp-content/uploads/2021/03/biotech-stocks-2-300x169.jpg) Source: Shutterstock Most of the ideas I have will be priced literally as penny stocks, at least as of the time of this writing. In contrast, most folks will consider Bolt Biotherapeutics as being priced on the upper spectrum of what would be considered a penny stock. However, you should note that one year ago, Bolt was one of the more promising initial public offerings (IPO) in the biotechnology space.On Feb. 5, 2021, shares closed at $32.15. However, at the end of the third week of 2022, BOLT stock ended the session at $3.63, nearly an 89% loss. Even on a year-to-date (YTD) basis, the numbers are horrifying, with a drop of more than 30%. If you didn’t pay attention to anything I said about penny stocks above, it’s time to sober up.This is not a comfortable trade by any stretch of the imagination.However, there is a possibility that Bolt — which is pioneering a new category of targeted immunotherapies to facilitate anti-tumor immune responses — could eventually enjoy a resurgence. Currently, a huge need exists for therapeutics designed to address difficult-to-treat solid tumors. With that in mind, Bolt has provided some encouraging data, though early-stage biotechs are almost always crapshoots. **AMMO Inc. ([POWW](https://www.nasdaq.com/market-activity/stocks/POWW)))** [many ammunition bullets pattern background](https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg) Source: ThomasLENNE / Shutterstock.com A positive element about penny stocks is that they can facilitate equity ownership in underappreciated industries. I’m not entirely sure I would classify the ammunition industry as underappreciated, but the supply shortage that prompted massive runs on guns and price hikes on ammo created a huge opportunity for AMMO Inc.However, the narrative has shifted, at least on the charts. On a YTD basis, POWW stock plummeted nearly 25%. Over the trailing six months, the damage is even more pronounced, with the security hemorrhaging more than 43%. Some of the negativity could be due to shareholders being worried about [Ammo’s acquisition of GunBroker.com](https://www.benzinga.com/markets/penny-stocks/22/01/25128592/acquisition-gives-ammo-nasdaq-poww-an-online-marketplace), which is the world’s largest marketplace for firearms and related products.In my view, the selloff seems overdone, mainly because the supply crunch in the ammo industry isn’t yet over. According to the National Interest, both hunters and stores in the deep south are “having [trouble accessing ammunition](https://nationalinterest.org/blog/buzz/deep-south-faces-ammo-shortage-199756) during the height of hunting season.” - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) Of course, a major headwind is that new production takes time to distribute throughout the supply chain. Furthermore, the spike in gun demand from average everyday citizens have forced ammo manufacturers to concentrate on the most profitable calibers. Either way, there’s still a supply shortage, boding well for POWW stock. **Penny Stocks: Seanergy Maritime ([SHIP](https://www.nasdaq.com/market-activity/stocks/SHIP)))** [A photo of a large oil shipping rig.](https://investorplace.com/wp-content/uploads/2020/04/oil-shipping-3-300x169.jpg) Source: Shutterstock From a charting analysis perspective, Seanergy Maritime is among the more intriguing penny stocks. While other speculative ideas have incurred horrendous losses on a YTD basis, SHIP stock has kept relatively afloat, losing only 4%. That’s a better profile than some of the blue-chip equities that I’ve seen during this broader market fallout.With the exception of a brief blip higher, SHIP stock has been trending in a horizontal channel since the beginning of December last year. That’s usually a frustrating condition for most other asset categories. For penny stocks, though, it could be a sign that at any moment, a wave of buying activity could lift SHIP stock — if only temporarily.According to its website, Seanergy is billed as the “ [only pure-play Capesize shipping company](https://www.seanergymaritime.com/en/about/company-profile) listed in the US capital markets.” As you know, the shipping industry has been under the microscope due to the ongoing global supply chain crisis. But looking beyond the novel coronavirus pandemic, experts project the dry bulk shipping market to be worth $5.5 billion by 2030, registering a [compound annual growth rate of 4% between 2022 and 2030](https://www.marketresearchfuture.com/reports/dry-bulk-shipping-market-8308).Sure, it’s slow growth. But at these deflated levels, SHIP stock might be interesting to the hardened speculator. **McEwen Mining ([MUX](https://www.nasdaq.com/market-activity/stocks/MUX)))** [a cart filed with gold in a gold mine](https://investorplace.com/wp-content/uploads/2019/07/mining1600c-300x169.jpg) Source: Shutterstock As I write this, McEwen Mining closed the Jan 21. session at 95 cents. Depending on how broader sentiment plays out, this could be one of the penny stocks that are no longer literally the case by the time you read this. Specializing in precious metal mining, MUX stock might generate interest among those who wish to speculate on the possibly incoming fear trade.Although an interesting concept, it’s a tough one to have confidence in. Namely, the Federal Reserve has admitted great concern over [soaring consumer prices](https://www.nytimes.com/2021/12/10/business/cpi-inflation-november-2021.html#:~:text=The%20Consumer%20Price%20Index%20climbed,quickest%20annual%20reading%20since%201991.). Therefore, it seems a sure bet that the central bank will implement an aggressively hawkish monetary policy. That will likely raise borrowing costs, thus lifting the dollar above other international currencies.On paper, that wouldn’t be positive for precious metals. Then again, this sector has been looking enticing since December last year. It could be that fear of the unknown will lift the metals, irrespective of a rising dollar. - [7 Penny Stocks To Pick Up for Profits in Q1](https://investorplace.com/2022/01/7-penny-stocks-to-pick-up-for-profits-in-q1/?utm_source=Nasdaq&utm_medium=referral) However, it’s also important to note that McEwen is [also involved in copper mining](https://www.mcewenmining.com/operations/los-azules/default.aspx), with the underlying asset being critical for [electric vehicles](https://investorplace.com/understanding-investment-opportunity-electric-vehicle-ev-stocks/?utm_source=Nasdaq&utm_medium=referral) (EVs). That’s no guarantee of upside, but MUX stock is one of the penny stocks to watch carefully. **Penny Stocks: Waitr ([WTRH](https://www.nasdaq.com/market-activity/stocks/WTRH)))** [Photo of Waitr (<a href=](https://investorplace.com/wp-content/uploads/2020/03/shutterstock_1109209376-300x169.jpg) WTRH) logo in a mobile app store browser." width="300" height="169">Source: PREMIO STOCK / Shutterstock.com To be completely upfront, I don’t have the greatest of confidence in Waitr, an on-demand food-delivery service that connects users with several local establishments. As you might imagine, the platform experienced a surge in demand following the initial intrusion of the coronavirus pandemic. But as people became acclimated to the crisis, WTRH stock suffered considerably.Also, Waitr came to the public market via a reverse merger with a [special purpose acquisition company](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) (SPAC) before SPACs became a hot commodity. Still, post-business combination [SPACs have underperformed benchmark indices](https://www.indxx.com/indices/thematic/indxx-spac--nextgen-ipo-index-tr) over the trailing year. Overall, WTRH stock truly demonstrates the risks involved with merging with shell companies. The equity unit is down almost 95% against its $10 initial offering price.However, is there an outside chance that WTRH stock could be worth something for the speculator? Suffering a 25% YTD loss, the situation doesn’t look good. However, mitigation protocols to address the omicron threat makes going to restaurants a bit of a drag. More critically, according to experts, a possibility still exists that a [highly infectious and deadly variant could emerge](https://www.msn.com/en-us/health/medical/more-infectious-than-omicron-deadly-like-delta-ucsd-doc-on-possibilities-for-future-covid-variants/ar-AASXuOU?ocid=msedgntp).That said, I don’t want to think about it and that’s the point. WTRH stock is one of the penny stocks that largely only has a cynical thesis. **Boxlight (BOXL)** [Boxlight (BOXL) website under magnifying glass](https://investorplace.com/wp-content/uploads/2020/07/boxl-stock-300x169.jpg) Source: Pavel Kapysh / Shutterstock.com Billed as an [innovative education platform](https://mimio.boxlight.com/) that provides better solutions for better results, Boxlight from a bigger-picture perspective seems like one of the most compelling penny stocks available. Essentially, the company offers a holistic solution to the academic market, enabling students to learn key subjects such as STEM (science, technology, engineering, math) in an effective manner, thus improving educational outcomes for everyone.Sadly, the market doesn’t exactly feel the same way. Since the January opener, BOXL shares have dropped nearly 26%, a conspicuously steep figure even when stacked against other risky penny stocks. Over the trailing half-year period, the security has succumbed to a 48% move below parity.If you’re asking why, the issue likely stems from the omicron variant, specifically its impact on school systems. They’re shutting down, eschewing the traditional learning experience for at-home learning. It’s a tough position to be in because, in the name of safety, [we could really be damaging future generations of American workers](https://www.washingtonpost.com/outlook/2022/01/06/omicron-school-closures/). - [7 Undervalued Stocks That Won't Stay That Way for Long](https://investorplace.com/2022/01/7-undervalued-stocks-that-wont-stay-deflated/?utm_source=Nasdaq&utm_medium=referral) Furthermore, the Washington Post warned about a lost generation as research indicates [students are sliding backward](https://www.washingtonpost.com/education/students-falling-behind/2020/12/06/88d7157a-3665-11eb-8d38-6aea1adb3839_story.html). Thus, Boxlight’s relevance could spike up BOXL stock. We just don’t know when that will be. **Penny Stocks: First Graphene (FGPHF)** [A digital illustration of 3D graphene molecules.](https://investorplace.com/wp-content/uploads/2020/11/graphene-300x169.jpg) Source: Shutterstock Before we get into a discussion about First Graphene, I own a few shares of this extremely speculative idea. Therefore, take it with a grain of salt and always conduct your due diligence, especially with risky penny stocks.Although buying shares presently priced at 14 cents is not necessarily the wisest move, I was nevertheless encouraged by the underlying narrative. As one of the few legitimate research and developers of graphene-based products, First Graphene has enormous potential provided that its business strategies go according to plan. As the [strongest material known to exist](https://newscenter.lbl.gov/2016/02/08/graphene-is-strong-but-is-it-tough/#:~:text=Graphene%2C%20a%20material%20consisting%20of,extraordinary%20mechanical%20and%20electrical%20properties.), the namesake asset offers substantial additive applications.For instance, graphene-treated concrete could yield more resilient buildings and cut down on material waste. Also, concrete is a [surprising source of carbon emissions](https://www.bbc.com/news/science-environment-46455844); thus, improving its durability is an environmentally accretive endeavor.If that wasn’t enough to pique your curiosity, First Graphene recently [achieved a milestone with its high-performing supercapacitor materials project](https://firstgraphene.net/graphene-based-supercapacitor-materials-deliver-85-improvement-in-energy-density-levels/), which has obvious implications for EVs and the next generation of clean transportation initiatives. It’s no wonder so many have labeled graphene as a miracle material.Still, this is a super-risky play. So only gamble with money you can afford to lose. On the date of publication, Josh Enomoto held a LONG position in FGPHF. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.The post [7 Little-Known Penny Stocks That Could Take Off Any Moment](https://investorplace.com/2022/01/7-little-known-penny-stocks-take-off-any-moment/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: VAALCO Energy Declares Initial Quarterly Dividend
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("**VAALCO**" or the "**Company**")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, "In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value." \begin{table}{|c|c|} \hline For Further Information & \\ \hline & \\ \hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\ \hline Website: & www.vaalco.com \\ \hline & \\ \hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\ \hline Al Petrie / Chris Delange & \\ \hline & \\ \hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\ \hline Ben Romney / Jon Krinks/ James Husband & [email protected] \\ \hline \end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.
Broader Industry Information:
Date: 2022-01-28
Title: Novavax Inks Advance Purchase Deal For Supply Of COVID-19 Vaccine To Israel - Quick Facts
Article: (RTTNews) - Biotechnology company Novavax, Inc. (NVAX) and Israel's Ministry of Health today announced Friday an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The Novavax vaccine would be the first protein-based alternative available in Israel. Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico; and a trial with almost 15,000 participants in the U.K. In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union and emergency use listing (EUL) from the World Health Organization (WHO), among others. It expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with guidance from the FDA regarding submission of all EUA vaccines.
Date: 2022-01-28
Title: Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Article: Cathie Wood became a legend in 2020 as the founder, CEO, and chief stock picker for the ARK Invest family of exchange-traded funds (ETFs). Last year was humbling, and 2022 has continued to be painful. However, it shouldn't surprise anyone to see Wood and her ETFs leading the way when the market rotates back into growth stocks. What is Wood buying these days?**Tesla** [(NASDAQ: TSLA)](https://www.nasdaq.com/market-activity/stocks/tsla), **Velo3D** [(NYSE: VLD)](https://www.nasdaq.com/market-activity/stocks/vld), and **Genius Sports** [(NYSE: GENI)](https://www.nasdaq.com/market-activity/stocks/geni) are three stocks that ARK Invest bought on Thursday, adding to Wood's existing positions. Let's see why she's building up each of those three fast-growing companies. [Two people pushing a huge piggy bank up an incline.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663468%2Fgettyimages-758286251.jpg&w=700) Image source: Getty Images. **Tesla Motors** You can't blame last year's underperformance of ARK Invest's funds on Tesla. The electric vehicle maker beat the market with its 50% gain in 2021, and it was the largest holding among all ARK Invest positions. It was most of her other primary holdings suffering big hits that dragged ARK Invest returns lower last year.Unfortunately for Wood she spent the second half of 2021 selling shares of the ascending Tesla to add to her sinking positions. Watering the weeds didn't help, and now that Tesla is proving mortal in 2022 she's finally nibbling on the dynamic car manufacturer again. Thursday is the first time that she has added to that position since early June of last year.It's easy to find the dinner bell. Tesla stock plummeted nearly 12% on Thursday after posting [poorly received quarterly results](https://www.fool.com/investing/2022/01/27/why-tesla-stock-tumbled-75-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93). It was a blowout performance at first glance. Revenue soared a better-than-expected 65%, and the bottom line grew even faster with chunky margins defying the historically weak mark-ups in the automaker industry. However, Tesla defying gravity through the 2021 sell-off in high-growth stocks and uninspiring guidance tripped up the company that Elon Musk has built. **Velo3D** Like Tesla Motors, Velo3D is a stock that Wood added to a pair of ARK Invest ETFs on Thursday. It's not a household name for investors, largely because it didn't hit the public markets until last year. Velo3D is raising the bar in what 3D printing can do with its end-to-end metal additive manufacturing solution. Its platform claims to enable its industrial clients with the parts they need faster and cheaper than before. It's an easy company to get behind, but Velo3D is still very early in the disruptive process. It has just $23.4 million in trailing revenue, a small haul for a stock commanding a $1 billion market cap. Growth is coming. Revenue nearly quadrupled to $8.7 million in its latest quarter, and it's just getting started. It had bookings of $40 million and another $45 million in preorders by the end of October 2021. Two months ago it was forecasting revenue to soar from an expected $26 million for all of 2021 to $89 million this year.The stock has been cut in half since peaking in November, something that isn't a surprise with the market backing off from early-stage growth companies that are a couple of years away from profitability. However, with a compelling platform pitch when it comes to the production of high-value metal parts for mission-critical applications, you may want to keep an eye on Velo3D. **Genius Sports** Investors haven't been betting on Genius Sports lately. The stock has plummeted 76% since peaking last May. The provider of data and software solutions for the gambling, sports, and media industries has been discarded along with many of last year's market debutantes.Genius Sports is living up to its growth hype. It has posted year-over-year revenue growth of 52%, 108%, and 71% in its [first three quarters](https://www.fool.com/investing/2021/11/23/why-genius-sports-is-crashing-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) on the market. Live sporting events continue to be a draw for viewers, and Genius Sports is there keeping the score as the stat-keeping partner of several teams and leagues. Analysts see revenue growth slowing to a 33% clip in 2022, but that's still healthy for a stock that has shed more than three-quarters of its peak value.The stock tumbled 7% on Thursday despite hosting an initially well-received virtual Investor Day presentation. B. Riley analyst David Bain did lower his price target on the shares from $23 to $17, but the stock would have to nearly triple from current levels to hit the revised mark. Tesla, Velo3D, and Genius Sports are strong [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93), but recent pullbacks make them compelling considerations here. ARK Invest's Wood seems to agree that the three stocks -- like her own ETFs -- are ready to overcome their recent setbacks. **10 stocks we like better than Tesla** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93) for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ec905dde-0fd4-45f7-b172-bf4c03ebd8df&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTesla&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e62b7aa3-2645-4b5f-8922-b1dc85f64b93)*Stock Advisor returns as of January 10, 2022 [Rick Munarriz](https://boards.fool.com/profile/TMFBreakerRick/info.aspx) owns Tesla. The Motley Fool owns and recommends Genius Sports Limited and Tesla. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Apple (AAPL) Q1 Earnings Top Estimates, Revenues Surge Y/Y
Article: **Apple** [AAPL](https://www.nasdaq.com/market-activity/stocks/aapl) reported first-quarter fiscal 2022 earnings of $2.10 per share that beat the Zacks Consensus Estimate by 11.1% and increased 25% year over year.Net sales increased 11.2% year over year to $123.95 billion, which beat the Zacks Consensus Estimate by 4.92%.iPhone and Services maintained momentum in the reported quarter. iPhone sales increased 9.2% from the year-ago quarter to $71.63 billion and accounted for 57.8% of total sales. iPhone sales were driven by strong demand for the iPhone 13 family of devices.Services revenues grew 23.8% from the year-ago quarter to $19.52 billion and accounted for 15.7% of sales.Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and the Apple One bundle contributed to overall growth. These new services continue to add users, content and features. **Apple Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart)[Apple Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AAPL/price-consensus-eps-surprise-chart?icid=chart-AAPL-price-consensus-eps-surprise-chart) | [Apple Inc. Quote](https://www.nasdaq.com/market-activity/stocks/aapl) Apple now has more than 785 million paid subscribers across its Services portfolio, up 45 million sequentially and 165 million year over year. **Strong Americas & China Aid Top Line** Americas sales increased 11.2% year over year to $51.50 billion and accounted for 41.5% of total sales.Europe generated $29.75 billion in sales, up 8.9% on a year-over-year basis. The region accounted for 24% of total sales.Greater China sales increased 21% from the year-ago quarter to $25.78 billion, accounting for 20.8% of total sales.Japan sales decreased 14.2% year over year to $7.11 billion, accounting for 5.7% of total sales.Rest of the Asia Pacific generated sales of $9.81 billion, up 19.3% year over year. The region accounted for 7.9% of total sales. **Top-Line Details** Product sales (84.3% of sales) increased 9.1% year over year to $104.43 billion. Non-iPhone revenues (iPad, Mac and Wearables) grew 9% on a combined basis.iPad sales of $7.25 billion declined 14.1% year over year and accounted for 5.8% of total sales. Customer demand for iPad Pro was robust in the reported quarter.Mac sales of $10.85 billion increased 25.1% from the year-ago quarter and accounted for 8.8% of total sales. Sales benefited from strong demand for Apple’s M1-powered MacBook Air.Wearables, Home and Accessories sales increased 13.3% year over year to $14.70 billion and accounted for 11.9% of total sales.Apple Watch’s adoption rate continues to grow rapidly. More than two-thirds of the customers who purchased Apple Watch during the reported quarter were first-time customers. **Operating Details** Gross margin expanded 400 basis points (bps) on a year-over-year basis to 43.8%. Moreover, gross margin increased 160 bps sequentially, driven by volume leverage and favorable mix.Products’ gross margin expanded 410 bps sequentially to 38.4%. Services’ gross margin was 72.4%, up 190 bps sequentially.Operating expenses rose 18.2% year over year to $12.78 billion due to higher research & development (R&D), and selling, general & administrative (SG&A) expenses, which increased 22.1% and 14.5%, respectively.Operating margin expanded 340 bps on a year-over-year basis to 33.5%. **Balance Sheet** As of Dec 25, 2021, cash & marketable securities were $202.6 billion compared with $190.52 billion as of Sep 25, 2021.Term debt, as of Dec 25, 2021, was $118 billion, down from $118.72 billion as of Sep 25, 2021.Apple returned $24 billion in the reported quarter through dividend payouts ($3.6 billion) and share repurchases ($20 billion). **Guidance** Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the coronavirus pandemic.Apple expects to achieve solid year-over-year revenue growth and set a March quarter (second quarter) revenue record despite significant supply constraints, which it estimates to be less than the December quarter.However, Apple expects revenue growth rate to decelerate from the December quarter, primarily due to tough year-over-year comparisons and unfavorable forex.Services revenue growth is expected to be in strong double digits but the growth rate is expected to be lower than in the December quarter.Gross margin is expected between 42.5% and 43.5% in the second quarter. Operating expenses are expected between $12.5 billion and $12.7 billion. **Zacks Rank & Stocks to Consider** Currently, Apple has a Zacks Rank #3 (Hold).Apple shares have outperformed the Zacks [Computer & Technology](https://www.zacks.com/stocks/industry-rank/sector/computer-and-technology-10) sector in the past year. While AAPL shares have increased 16.2%, the Computer & Technology sector rose 3.9%. **Littelfuse** [LFUS](https://www.nasdaq.com/market-activity/stocks/lfus), **NETGEAR** [NTGR](https://www.nasdaq.com/market-activity/stocks/ntgr) and **Mandiant** [MNDT](https://www.nasdaq.com/market-activity/stocks/mndt) are some better-ranked stocks that investors can consider in the broader sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).Littelfuse shares have underperformed the Zacks Computer & Technology sector in the past year. Littelfuse returned 0.8% compared with sector’s rise of 3.9%.LFUS is set to report fourth-quarter 2021 on Feb 1, 2022.NETGEAR shares have underperformed the Zacks Computer & Technology sector in the past year. NETGEAR shares are down 39.2%.NTGR is set to report fourth-quarter 2021 results on Feb 2.Mandiant shares are down 33.4% in the past year.MNDT is set to report fourth-quarter 2021 results on Feb 8. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Apple Inc. (AAPL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AAPL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [NETGEAR, Inc. (NTGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NTGR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Littelfuse, Inc. (LFUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=LFUS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Mandiant, Inc. (MNDT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MNDT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859213/apple-aapl-q1-earnings-top-estimates-revenues-surge-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859213) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Sector Information:
Date: 2022-01-28
Title: First Week of AMBA March 11th Options Trading
Article: Investors in Ambarella, Inc. (Symbol: AMBA) saw new options become available this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AMBA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $120.00 strike price has a current bid of $10.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $120.00, but will also collect the premium, putting the cost basis of the shares at $109.60 (before broker commissions). To an investor already interested in purchasing shares of AMBA, that could represent an attractive alternative to paying $123.79/share today. Because the $120.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=put&contract=120.00). Should the contract expire worthless, the premium would represent a 8.67% return on the cash commitment, or 75.32% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Ambarella, Inc., and highlighting in green where the $120.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $11.80. If an investor was to purchase shares of AMBA stock at the current price level of $123.79/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.55% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AMBA shares really soar, which is why looking at the trailing twelve month trading history for Ambarella, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing AMBA's trailing twelve month trading history, with the $130.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $130.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AMBA&month=20220311&type=call&contract=130.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.53% boost of extra return to the investor, or 82.84% annualized, which we refer to as the YieldBoost. The implied volatility in the call contract example above is 100%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $123.79) to be 63%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: First Week of April 14th Options Trading For Vir Biotechnology
Article: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report
Article: Last week saw the newest annual earnings release from **Lakeland Financial Corporation** (NASDAQ:LKFN), an important milestone in the company's journey to build a stronger business. Revenues came in 2.6% below expectations, at US$222m. Statutory earnings per share were relatively better off, with a per-share profit of US$3.74 being roughly in line with analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/390846-earnings-and-revenue-growth-1-dark/1643367413277) NasdaqGS:LKFN Earnings and Revenue Growth January 28th 2022Taking into account the latest results, the current consensus from Lakeland Financial's four analysts is for revenues of US$232.7m in 2022, which would reflect a satisfactory 4.9% increase on its sales over the past 12 months. Statutory per-share earnings are expected to be US$3.72, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$228.7m and earnings per share (EPS) of US$3.57 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$74.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Lakeland Financial analyst has a price target of US$78.00 per share, while the most pessimistic values it at US$70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Lakeland Financial is an easy business to forecast or the the analysts are all using similar assumptions. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Lakeland Financial's revenue growth is expected to slow, with the forecast 4.9% annualised growth rate until the end of 2022 being well below the historical 6.8% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% annually. So it's pretty clear that, while Lakeland Financial's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Lakeland Financial's earnings potential next year. Happily, there were no real changes to sales forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$74.33, with the latest estimates not enough to have an impact on their price targets.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Lakeland Financial going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) We also provide an overview of the Lakeland Financial Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, [here](https://simplywall.st/stocks/us/banks/nasdaq-lkfn/lakeland-financial?blueprint=1874776&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDc3Njo2YzEzNTk1ZmIyNzNmNDFk)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Here's Why We're Watching Altimmune's (NASDAQ:ALT) Cash Burn Situation
Article: Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So, the natural question for **Altimmune** (NASDAQ:ALT) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. **When Might Altimmune Run Out Of Money?**A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2021, Altimmune had cash of US$200m and no debt. In the last year, its cash burn was US$82m. So it had a cash runway of about 2.4 years from September 2021. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.[debt-equity-history-analysis](https://images.simplywall.st/asset/chart/4866807-debt-equity-history-analysis-1-dark/1643364338834) NasdaqGM:ALT Debt to Equity History January 28th 2022**How Well Is Altimmune Growing?**One thing for shareholders to keep front in mind is that Altimmune increased its cash burn by 253% in the last twelve months. While that's concerning on it's own, the fact that operating revenue was actually down 47% over the same period makes us positively tremulous. Considering these two factors together makes us nervous about the direction the company seems to be heading. While the past is always worth studying, it is the future that matters most of all. So you might want to take a peek at [how much the company is expected to grow in the next few years](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#future-profit). **How Easily Can Altimmune Raise Cash?**Altimmune revenue is declining and its cash burn is increasing, so many may be considering its need to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.Altimmune's cash burn of US$82m is about 32% of its US$259m market capitalisation. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution. **So, Should We Worry About Altimmune's Cash Burn?**On this analysis of Altimmune's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Summing up, we think the Altimmune's cash burn is a risk, based on the factors we mentioned in this article. Taking a deeper dive, we've spotted [5 warning signs for Altimmune](https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-alt/altimmune?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) you should be aware of, and 1 of them makes us a bit uncomfortable. Of course **Altimmune may not be the best stock to buy**. So you may wish to see this **free** [collection of companies boasting high return on equity,](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) or [this list of stocks that insiders are buying](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874588&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq). **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDU4ODpkMTM1ZjA4Y2FkYTVjYTBl)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Novavax and Israel Announce Advance Purchase Agreement for Supply of COVID-19 Vaccine
Article: **The Novavax vaccine would be the first protein-based alternative available in Israel** GAITHERSBURG, Md., Jan. 28, 2022 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, and Israel's Ministry of Health today announced an agreement for the purchase of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M™ adjuvant. "Israel has been at the forefront of the fight against COVID-19 and has demonstrated strong leadership throughout the pandemic," said Stanley C. Erck, President and Chief Executive Officer, Novavax. "We thank the Israeli Ministry of Health for their commitment to providing a protein-based COVID-19 vaccine option, based on well-understood technology, to the people of Israel." Under the advance purchase agreement, Novavax will provide an initial 5 million doses of its protein-based vaccine with an option for Israel to purchase an additional 5 million doses. Novavax will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval. Novavax is conducting two pivotal ongoing Phase 3 clinical trials: PREVENT-19 which enrolled approximately 30,000 participants in the U.S. and Mexico, the results of which were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM); and a trial with almost 15,000 participants in the U.K. which was also published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). In both trials, the vaccine demonstrated high efficacy with a reassuring safety profile. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups. The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed. Novavax received conditional marketing authorization for NVX-CoV2373 in the [European Union](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2488037643&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D4293825725%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3397167-1%2526h%253D2118831841%2526u%253Dhttps%25253A%25252F%25252Fir.novavax.com%25252F2021-12-20-European-Commission-Grants-Conditional-Marketing-Authorization-for-Novavax-COVID-19-Vaccine%2526a%253Dconditional%252Bmarketing%252Bauthorization%26a%3DEuropean%2BUnion&a=European+Union) and emergency use listing (EUL) from the [World Health Organization](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=4247948068&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D3156131270%26u%3Dhttps%253A%252F%252Fir.novavax.com%252F2021-12-20-World-Health-Organization-Grants-Second-Emergency-Use-Listing-for-Novavax-COVID-19-Vaccine%26a%3DWorld%2BHealth%2BOrganization&a=World+Health+Organization) (WHO), among others. The vaccine is also currently under review by multiple regulatory agencies worldwide. The company submitted its complete chemistry, manufacturing and controls (CMC) data package to the U.S. Food and Drug Administration (FDA) at the end of 2021 and expects to submit a request for EUA for the vaccine in the U.S. after one month in accordance with [guidance](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=681615644&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3418278-1%26h%3D433303435%26u%3Dhttps%253A%252F%252Fwww.fda.gov%252Fmedia%252F142749%252Fdownload%26a%3Dguidance&a=guidance) from the FDA regarding submission of all EUA vaccines. **About NVX-CoV2373**NVX-CoV2373 is a protein-based vaccine engineered from the genetic sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19 disease. NVX-CoV2373 was created using Novavax' recombinant nanoparticle technology to generate antigen derived from the coronavirus spike (S) protein and is formulated with Novavax' patented saponin-based Matrix-M™ adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. NVX-CoV2373 contains purified protein antigen and can neither replicate, nor can it cause COVID-19. Novavax' COVID-19 vaccine is packaged as a ready-to-use liquid formulation in a vial containing ten doses. The vaccination regimen calls for two 0.5 ml doses (5 mcg antigen and 50 mcg Matrix-M adjuvant) given intramuscularly 21 days apart. The vaccine is stored at 2°- 8° Celsius, enabling the use of existing vaccine supply and cold chain channels. Use of the vaccine should be in accordance with official recommendations. Novavax has established partnerships for the manufacture, commercialization and distribution of NVX-CoV2373 worldwide. Existing authorizations leverage Novavax' manufacturing partnership with Serum Institute of India (SII), the world's largest vaccine manufacturer by volume. They will later be supplemented with data from additional manufacturing sites throughout Novavax' global supply chain. **About the NVX-CoV2373 Phase 3 trials** NVX-CoV2373 is being evaluated in two pivotal Phase 3 trials. PREVENT-19, a trial in the U.S. and Mexico that enrolled almost 30,000 participants, achieved 90.4% efficacy overall. It was designed as a 2:1 randomized, placebo-controlled, observer-blinded study to evaluate the efficacy, safety and immunogenicity of NVX-CoV2373. The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second dose in serologically negative (to SARS-CoV-2) adult participants at baseline. The statistical success criterion included a lower bound of 95% CI >30%. The key secondary endpoint is the prevention of PCR-confirmed, symptomatic moderate or severe COVID-19. Both endpoints were assessed at least seven days after the second study vaccination in volunteers who had not been previously infected with SARS-CoV-2. It was generally well-tolerated and elicited a robust antibody response after the second dose in both studies. Full results of the trial were published in the [New England Journal of Medicine](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1468825727&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2116185%3Fquery%3Dfeatured_home&a=New+England+Journal+of+Medicine) (NEJM). A trial conducted in the U.K. with 14,039 participants was designed as a randomized, placebo-controlled, observer-blinded study and achieved overall efficacy of 89.7%. The primary endpoint was based on the first occurrence of PCR-confirmed symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days after the second study vaccination in serologically negative (to SARS-CoV-2) adult participants at baseline. Full results of the trial were published in [NEJM](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=2616686137&u=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2107659&a=NEJM). **About Matrix-M™ Adjuvant** Novavax' patented saponin-based Matrix-M™ adjuvant has demonstrated a potent and generally well-tolerated effect by stimulating the entry of antigen-presenting cells into the injection site and enhancing antigen presentation in local lymph nodes, boosting immune response. **About Novavax** Novavax, Inc. (Nasdaq: NVAX) is a biotechnology company that promotes improved health globally through the discovery, development and commercialization of innovative vaccines to prevent serious infectious diseases. The company's proprietary recombinant technology platform harnesses the power and speed of genetic engineering to efficiently produce highly immunogenic nanoparticles designed to address urgent global health needs. NVX-CoV2373, the company's COVID-19 vaccine, has received authorization from multiple regulatory authorities globally, including Conditional Marketing Authorization from the European Commission and Emergency Use Listing from the World Health Organization. The vaccine is also under review by multiple regulatory agencies worldwide. For more information, visit [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com) and connect with us [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1749870132&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnovavax%2F&a=LinkedIn). **Forward-Looking Statements** Statements herein relating to the future of Novavax, its operating plans and prospects, its partnerships, the ongoing development of NVX-CoV2373, the scope, timing and outcome of future regulatory filings and actions, including Novavax' plans to submit an EUA application to the U.S. FDA after one month, the potential impact of Novavax and NVX-CoV2373 in addressing vaccine access, controlling the pandemic and protecting populations, the efficacy, safety and intended utilization of NVX-CoV2373, and the expected delivery of NVX-CoV2373 are forward-looking statements. Novavax cautions that these forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include challenges satisfying, alone or together with partners, various safety, efficacy, and product characterization requirements, including those related to process qualification and assay validation, necessary to satisfy applicable regulatory authorities; difficulty obtaining scarce raw materials and supplies; resource constraints, including human capital and manufacturing capacity, on the ability of Novavax to pursue planned regulatory pathways; challenges meeting contractual requirements under agreements with multiple commercial, governmental, and other entities; and those other risk factors identified in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Novavax' Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission (SEC). We caution investors not to place considerable reliance on forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at [www.sec.gov](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1242319065&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov) and [www.novavax.com](https://c212.net/c/link/?t=0&l=en&o=3425721-1&h=1328944201&u=http%3A%2F%2Fwww.novavax.com%2F&a=www.novavax.com), for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of the statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. **Contacts:** InvestorsNovavax, Inc.Erika Schultz | 240-268-2022 [[email protected]](mailto:[email protected]) Solebury TroutAlexandra Roy | 617-221-9197 [[email protected]](mailto:[email protected]) MediaAli Chartan | 240-720-7804Laura Keenan Lindsey | 202-709-7521 [[email protected]](mailto:[email protected]) [](https://mma.prnewswire.com/media/1506866/Novavax_High_Res_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=PH43882&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html](https://www.prnewswire.com/news-releases/novavax-and-israel-announce-advance-purchase-agreement-for-supply-of-covid-19-vaccine-301470553.html) SOURCE Novavax, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: CFFN
Security: Capitol Federal Financial, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Capitol Federal Financial (NASDAQ:CFFN) Has Re-Affirmed Its Dividend Of US$0.085
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-29
Article: The board of **Capitol Federal Financial, Inc.** (NASDAQ:CFFN) has announced that it will pay a dividend of US$0.085 per share on the 18th of February. This means the annual payment is 8.5% of the current stock price, which is above the average for the industry. **Capitol Federal Financial Doesn't Earn Enough To Cover Its Payments** A big dividend yield for a few years doesn't mean much if it can't be sustained. Based on the last dividend, Capitol Federal Financial is earning enough to cover the payment, but the it makes up 200% of cash flows. While the company may be more focused on returning cash to shareholders than growing the business at this time, we think that a cash payout ratio this high might expose the dividend to being cut if the business ran into some challenges. Over the next year, EPS is forecast to fall by 0.2%. If the dividend continues along recent trends, we estimate the payout ratio could reach 172%, which could put the dividend in jeopardy if the company's earnings don't improve.[historic-dividend](https://images.simplywall.st/asset/chart/399884-historic-dividend-1-dark/1643458416281) NasdaqGS:CFFN Historic Dividend January 29th 2022**Dividend Volatility** The company has a long dividend track record, but it doesn't look great with cuts in the past. The dividend has gone from US$0.60 in 2012 to the most recent annual payment of US$0.96. This implies that the company grew its distributions at a yearly rate of about 4.8% over that duration. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past. **Dividend Growth May Be Hard To Achieve** Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. In the last five years, Capitol Federal Financial's earnings per share has shrunk at approximately 2.2% per annum. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. **The Dividend Could Prove To Be Unreliable** Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. While Capitol Federal Financial is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified [1 warning sign for Capitol Federal Financial](https://simplywall.st/stocks/us/banks/nasdaq-cffn/capitol-federal-financial?blueprint=1875883&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1875883&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg4MzpjNjAxNjA1ZGIyOWUzOTk5)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 11.6232
Stock Price 2 days before: 11.1075
Stock Price 1 day before: 11.4528
Stock Price at release: 11.3182
Risk-Free Rate at release: 0.0004
| 10.9184 |
Broader Economic Information:
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Date: 2022-01-28
Title: Enterprise Financial Services' (NASDAQ:EFSC) Shareholders Will Receive A Bigger Dividend Than Last Year
Article: The board of **Enterprise Financial Services Corp** (NASDAQ:EFSC) has announced that it will be increasing its dividend on the 31st of March to US$0.21. Even though the dividend went up, the yield is still quite low at only 1.6%. **Enterprise Financial Services' Dividend Is Well Covered By Earnings** The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. However, Enterprise Financial Services' earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 16.3% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.[historic-dividend](https://images.simplywall.st/asset/chart/3109911-historic-dividend-1-dark/1643364750984) NasdaqGS:EFSC Historic Dividend January 28th 2022**Enterprise Financial Services Has A Solid Track Record** The company has an extended history of paying stable dividends. Since 2012, the first annual payment was US$0.21, compared to the most recent full-year payment of US$0.84. This works out to be a compound annual growth rate (CAGR) of approximately 15% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable. **Enterprise Financial Services Could Grow Its Dividend** Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Enterprise Financial Services has impressed us by growing EPS at 7.6% per year over the past five years. Enterprise Financial Services definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We'd also point out that Enterprise Financial Services has issued stock equal to 44% of shares outstanding. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. **Enterprise Financial Services Looks Like A Great Dividend Stock** In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified [2 warning signs for Enterprise Financial Services](https://simplywall.st/stocks/us/banks/nasdaq-efsc/enterprise-financial-services?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our [curated list of high performing dividend stock.](https://simplywall.st/discover/investing-ideas/1602/dividend-rock-stars/global?blueprint=1874608&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDYwODpmMTQxOGU3MDUzZWQ4NmY4)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Midland States Bancorp (MSBI) Q4 Earnings and Revenues Top Estimates
Article: Midland States Bancorp (MSBI) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.74%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Midland States Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.82 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.70%. This compares to year-ago revenues of $67.85 million. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Midland States Bancorp shares have added about 10.9% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Midland States Bancorp?**While Midland States Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/MSBI/earnings-calendar), the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.80 on $68 million in revenues for the coming quarter and $3.16 on $273.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens Financial Services (CZFS), another stock in the same industry, has yet to report results for the quarter ended December 2021.This bank is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -1.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.Citizens Financial Services' revenues are expected to be $19.9 million, down 3% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Midland States Bancorp, Inc. (MSBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=MSBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Citizens Financial Services Inc. (CZFS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CZFS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858693/midland-states-bancorp-msbi-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858693) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Broader Industry Information:
Date: 2022-01-29
Title: 4 Under-the-Radar Stocks With 319% to 645% Upside in 2022, According to Wall Street
Article: Despite the stock market undergoing its biggest correction in more than a year, investors have enjoyed a historic bounce from the March 2020 pandemic lows. It took less than 17 months for the broad-based **S&P 500**to double in value. By comparison, the benchmark index has returned closer to 11% annually, including dividends, since 1980.But even with these big gains for the broader market, some stocks may just be getting started. Based on the highest price target issued by Wall Street analysts and investment banks, the following four under-the-radar stocks have the potential to skyrocket between 319% and 645% in 2022. [Rising green line and ascending bar chart set atop newspaper with stock quotes. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fascending-bar-chart-line-invest-financial-newspaper-stock-market-quote-rally-bull-getty.jpg&w=700) Image source: Getty Images. **Ocugen: Implied upside of 408%**The first stock with significant upside potential, at least according to one analyst, is clinical-stage [biotech stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) **Ocugen** [(NASDAQ: OCGN)](https://www.nasdaq.com/market-activity/stocks/ocgn). According to Robert LeBoyer of Noble Financial, Ocugen can hit $15 a share, which would represent a more-than-quintupling in the company's share price, based on where it closed on Jan. 27.Ocugen's potential claim to fame and riches is its coronavirus disease 2019 (COVID-19) vaccine, Covaxin. Covaxin was developed by India's Bharat Biotech, and it yielded a respectable 78% vaccine efficacy (VE) in a 25,800-patient clinical study. Covaxin was also given the green light for emergency use by the World Health Organization (WHO) in early November. With so many people left to vaccinate globally, there's ample room for multiple vaccines to thrive.But [there's a very big catch to Ocugen's future](https://www.fool.com/investing/2021/10/05/5-ultra-popular-stocks-avoid-like-plague-october/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). The company signed a commercialization agreement with Bharat Biotech that only covers the U.S. and Canada. This means the WHO giving Covaxin a green light won't put a dime in Ocugen's pockets. Although the U.S. and Canada are highly lucrative markets for pharmaceuticals, there are already a number of well-established COVID-19 players in the U.S. and Canada. It's [not clear](https://www.fool.com/investing/2021/11/10/does-ocugen-even-have-a-shot-at-winning-eua-for-it/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) if a vaccine offering a 78% VE will even be necessary.Unless Ocugen can garner emergency use authorization in these two markets, it likely has no chance of coming anywhere close to LeBoyer's price target. [Lab technician examining a prescription drug capsule. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fresearchers-in-lab-with-pill-getty.jpg&w=700) Image source: Getty Images. **Vaxart: Implied upside of 319%**Another under-the-radar stock that could fly in 2022, assuming Wall Street is correct, is clinical-stage drug developer **Vaxart** [(NASDAQ: VXRT)](https://www.nasdaq.com/market-activity/stocks/vxrt). Analyst Yasmeen Rahimi of Piper Sandler [expects Vaxart to hit $18 a share](https://www.fool.com/investing/2021/07/15/3-small-cap-stocks-158-to-329-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which would represent a hearty 319% upside from where it closed a few days earlier.Vaxart has two core catalysts that essentially blend into one. First, it has its proprietary technology known as "Vector-Adjuvant-Antigen Standardized Technology," or VAAST. Whereas most vaccine-based medicines provide a clear systemic response, Vaxart is attempting to lean on VAAST to create oral treatments that elicit systemic and mucosal immunity. In other words, its therapies would offer potentially greater protection against airborne viruses.The second catalyst is the development of an oral COVID-19 treatment. Last year, Vaxart's early stage data from its oral COVID-19 therapy showed mixed results. While it did produce a notable immune response, the level of neutralizing antibodies [was considerably lower in pill form](https://www.fool.com/investing/2021/05/09/is-vaccine-maker-vaxart-worth-holding-from-here/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) relative to traditional vaccines.Vaxart's plan of attack, so to speak, is to target a specific protein with its mid-stage trial. Though an oral COVID-19 treatment [would be a game-changer](https://www.fool.com/investing/2022/01/27/4-of-fastest-growing-stocks-on-the-planet-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) from a distribution perspective, we still look to be a ways off from having anything definitive hitting pharmacy shelves. [A lab researcher using a pipette to take liquid samples. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fpharma-biotech-lab-drug-research-pipette-test-tube-getty.jpg&w=700) Image source: Getty Images. **Intercept Pharmaceuticals: Implied upside of 468%**Interestingly, Vaxart isn't the only biotech stock that Rahimi sees skyrocketing in 2022. The Piper Sandler analyst also has [an $82 price target](https://www.fool.com/investing/2021/11/03/5-biotech-stocks-105-to-386-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) on liver disease-focused drug developer **Intercept Pharmaceuticals** [(NASDAQ: ICPT)](https://www.nasdaq.com/market-activity/stocks/icpt). If Intercept were to reach $82 this year, it'd mark a 468% increase from where it is now.The single biggest catalyst that makes or breaks Rahimi's case is obeticholic acid (OCA), a late-stage treatment for nonalcoholic steatohepatitis (NASH). NASH is a liver disease that affects between 2% and 5% of all U.S. adults, and is characterized by liver fibrosis that can lead to cancer and even death. There is no cure for NASH, but it's a $35 billion untapped opportunity for drugmakers.Nearly three years ago, Intercept reported data from its late-stage Regenerate trial, which examined OCA in patients with NASH. While the study did [reach one of its two co-primary endpoints](https://www.fool.com/investing/2021/04/30/3-turnaround-stocks-91-to-104-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) -- a statistically significant reduction in liver fibrosis without a worsening in NASH -- the patients in the highest-dose arm (the most-effective group) showed a big uptick in pruritus (itching) and trial discontinuations, relative to the placebo arm. The U.S. Food and Drug Administration (FDA) chose to issue a Complete Response Letter to Intercept demanding additional trial and safety data on OCA.Sometime within the next two months, Intercept is expected to release data from its phase 3 Reverse study in patients with compensated cirrhosis due to NASH. The data from this study should allow Intercept to resubmit its new drug application with the FDA. Even if OCA is only approved for a small subset of patients, it [could offer billion-dollar sales potential](https://www.fool.com/investing/2021/04/01/3-top-stocks-thatll-make-you-richer-in-april/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66). But reaching $82 this year might be asking a bit much. [A lab technician using a pipette to place a liquid sample under a high-powered microscope.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663448%2Fbiotech-lab-researcher-microscope-getty.jpg&w=700) Image source: Getty Images. **Bionano Genomics: Implied upside of 645%**But the mountain of upside opportunity, at least pertaining to this list of under-the-radar stocks, belongs to genome-analysis company **Bionano Genomics** [(NASDAQ: BNGO)](https://www.nasdaq.com/market-activity/stocks/bngo). According to analyst Kevin DeGeeter of **Oppenheimer**, [Bionano could rally to $14](https://www.fool.com/investing/2021/09/29/5-ultra-popular-stocks-with-120-to-190-upside/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66), which implies upside of 645%!The excitement surrounding Bionano Genomics started a little over a year ago when the company issued numerous press releases and studies [showcasing its optical genome mapping (OGM) system](https://www.fool.com/investing/2021/01/27/should-you-buy-bionano-genomics-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) known as Saphyr. For instance, one study, released in December 2020, showed Saphyr had better success in identifying large structural genome variations than a similar OGM system developed by **Pacific Biosciences**. In addition to being more effective, it was the cheaper of the two, as well.What Saphyr brings to the table is a potentially licensable technology that drug developers could use to better target gene variations of hard-to-treat diseases. Assuming Bionano can generate some licensing revenue, this incoming capital, along with dilutive share sales, should provide enough cash for the company to build up its use case for Saphyr.On the other hand, it could be years before Saphyr gets a green light from the FDA. Without this proverbial green light, it could be difficult for Bionano Genomics to secure research/license agreements that generate revenue. Having fallen well off its highs, Bionano [is intriguing for long-term investors](https://www.fool.com/investing/2021/09/16/4-small-cap-growth-stocks-increase-sales-707-9406/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) with a high tolerance for risk and reward. But reaching $14 in 2022 is not something I'd expect without FDA approval. **10 stocks we like better than Ocugen, Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66) for investors to buy right now... and Ocugen, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9cdf7090-4854-4db7-9e94-3b69385f7e5e&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DOcugen%252C%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=49ce7026-bc06-492e-a971-9e6e23b5ac66)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) owns Intercept Pharmaceuticals. The Motley Fool recommends Intercept Pharmaceuticals. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Provident Bancorp (PVBC) Misses Q4 Earnings Estimates
Article: Provident Bancorp (PVBC) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this bank holding company would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Provident Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $17.64 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 3.52%. This compares to year-ago revenues of $16.29 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Provident Bancorp shares have lost about 4.2% since the beginning of the year versus the S&P 500's decline of -8.7%. **What's Next for Provident Bancorp?**While Provident Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PVBC/earnings-calendar), the estimate revisions trend for Provident Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $17.01 million in revenues for the coming quarter and $1 on $70.17 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Farmers & Merchants Bancorp Inc. (FMAO), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Farmers & Merchants Bancorp Inc.'s revenues are expected to be $22.3 million, up 2.5% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. 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(PVBC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PVBC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FMAO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858717/provident-bancorp-pvbc-misses-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858717) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: Century Aluminum Sets Date for Fourth Quarter 2021 Earnings Announcement
Article: CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2021 earnings on Thursday, February 24, 2022 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Thursday, February 24, 2022 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at [www.centuryaluminum.com](https://www.globenewswire.com/Tracker?data=LGI5HYxdQUp8t3DRobSSAupJ25CVHTXp3fsZEouLHhWtGXzFeBqQSTPQJhEi7CckyyPTW1CEyd4Dq8-YeR8OUAfXPsZLSWvodNiTQgQ8vPK8tvJ6G9R2bpQrfgHghn_a). Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Contact: Peter Trpkovski (investors and media) [[email protected]](https://www.globenewswire.com/Tracker?data=TMGyXnVizEk3oED0iuc1KE9xpW3dZEGm2qkuxQQtgrq19NlWti7OYTHVX-S9fGmvZ_X20fXFSCYO2N9vDAlpe9RLhiGMJFLZOTaBKiiOIoVbCTVtMcWBzziEISnvdXSlND1JkNyJU5uh9BMF-ToC-w==) (312) 696-3132 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk3NyM0Njk4NDQ3IzIwODE0ODA=) [Image](https://ml.globenewswire.com/media/ZTUzM2JhZjEtNGVmZi00ODZiLTg2MTQtY2FmZjFlMzZiMTg2LTEwOTMwNTE=/tiny/Century-Aluminum-Company.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/132a3ef5-64e0-4a1b-8832-55eab8165738) Source: Century Aluminum Company
Date: 2022-01-28
Title: Flex Lng Ltd Shares Close the Day 13.0% Higher - Daily Wrap
Article: Flex Lng Ltd ([FLNG](https://kwhen.com/finance/profiles/FLNG/summary))) shares closed today 13.0% higher than it did at the end of yesterday. The stock is currently down 18.3% year-to-date, up 145.9% over the past 12 months, and up 95.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.0%, and the S&P 500 fell 0.5%. **Trading Activity** - Shares traded as high as $21.79 and as low as $16.65 this week. - Shares closed 17.5% below its 52-week high and 199.7% above its 52-week low. - Trading volume this week was 25.4% lower than the 10-day average and 6.1% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was between 30 and 70. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis - The company share price beats the performance of its peers in the Energy industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
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Date: 2022-01-28
Title: 2 Stocks Under $100 Per Share I'd Buy Right Now Without Any Hesitation
Article: It'd be nice to have hundreds of thousands of dollars handy to start investing in stocks, but it's by no means a requirement. Investing on a budget can be highly profitable, especially if investors pick attractive stocks and regularly add to their positions.In what follows, we'll look at two stocks that are changing hands for well under $100 per share and that look attractive at current levels: **Pfizer** [(NYSE: PFE)](https://www.nasdaq.com/market-activity/stocks/pfe) and **Teladoc Health** [(NYSE: TDOC)](https://www.nasdaq.com/market-activity/stocks/tdoc). Here's why these healthcare companies are worth more than a second look. [](https://ycharts.com/companies/PFE/chart/) Data by [YCharts](https://ycharts.com/). **1. Pfizer: $53.26 per share** Pfizer's coronavirus lineup alone will likely generate more sales than most pharmaceutical companies this year. The drugmaker projected that it would rack up about $29 billion from its COVID-19 vaccine, Comirnaty. Meanwhile, Pfizer's newly approved coronavirus medicine, Paxlovid, could generate upward of $10 billion. Here's how we know that. In November, Pfizer agreed to deliver 10 million treatment doses of Paxlovid to the U.S. government for $5.3 billion.That was before it had earned authorization from regulators. And after it got the green light, the U.S. government ordered an additional 10 million doses, and the U.K. obtained 2.5 million doses of the medicine. Based on these facts and figures, and even assuming Pfizer does not send out any additional shipments of Paxlovid, it seems reasonable to assume that the coronavirus treatment will generate something north of $10 billion this year.So, in total, Pfizer's COVID-19 lineup has the potential to rack up more than $39 billion in 2022. For context, the pharma giant generated $41.9 billion in revenue in 2020. [Patient paying for medicines at a pharmacy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-698111400.jpg&w=700) Image source: Getty Images. Pfizer has other non-coronavirus products that have sales growing at a rapid clip, too. During the third quarter, the company's revenue excluding its COVID-19 vaccine was $11.1 billion, increasing by a decent 7% compared to the year-ago period. Pfizer's anticoagulant Eliquis saw its increase soar by 21% year over year to $1.3 billion during the quarter, while cancer medicine Xtandi's revenue clocked in at $309 million, 16% higher than the prior-year quarter.Pfizer's biosimilar business racked up revenue of $576 million, 36% higher than the third quarter of 2020. The drugmaker has faced issues with its rheumatoid arthritis medicine Xeljans as regulators have updated the therapy's prescribing information to include increased risks of cancer and cardiovascular events. That probably played a role in Xeljanz's revenue decrease of 7% year over year to $610 million during the third quarter. But management thinks this medicine could return to growth this year, especially as it [keeps earning new indications](https://www.fool.com/investing/2022/01/03/pfizer-snagged-another-approval-for-this-immunolog/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4).Pfizer isn't just a coronavirus play, and the company is set to report another series of blowout financial results this year. And as Pfizer continues to [generate tons of cash](https://www.fool.com/investing/2022/01/12/3-growth-stocks-that-have-generated-179-billion-in/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4), it will help the company set itself up for the future. Pfizer ended the third quarter with $29.2 billion in free cash flow, which more than doubled compared with the year-ago period.Expect Pfizer to go shopping for exciting pipeline candidates to add to its already long list of programs. The company currently boasts several dozen ongoing clinical trials, many of which will no doubt yield new approvals. Pfizer could also decide to reward investors by way of share buybacks or growing dividends. The company currently offers a yield of 2.95% -- which compares favorably to the **S&P 500**'s 1.27%.And with a forward price-to-earnings ratio of just 9.5 -- compared with the industry's average of 13.3 -- Pfizer looks like a bargain. It is hard to find something to dislike with this [pharma stock](https://www.fool.com/investing/stock-market/market-sectors/healthcare/pharmaceutical-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4). **2. Teladoc: $68.18 per share** Teladoc's stock has lost all the outbreak-related gains it made back in 2020, and the company's shares are now trading near their pre-pandemic levels. Teladoc's trajectory resembles that of many other "pandemic stocks" that performed well -- perhaps too well -- in 2020 but ended up southbound for much of last year. Was the market's reaction justified?Here's a better question: Does Teladoc's investment thesis remain intact despite its recent struggles? In my view, the answer is a resounding yes. First, note that Teladoc has continued to record strong top-line increases and growing visits. In the third quarter, the company's revenue grew by 81% year over year to $522 million.That was on the back of a 37% year over year increase in total visits, which clocked in at 3.9 million for the quarter. True, Teladoc continues to bleed red. During the period, its net loss widened to $84.3 million, compared with the net loss of $35.9 million it reported during the year-ago period. [Adult and child in a virtual consultation with a doctor.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662360%2Fgettyimages-1245148140.jpg&w=700) Image source: Getty Images. But it is worth noting that the company's worsening net loss was primarily due to an increase in expenses, such as amortization of intangible assets, related to the company's October 2020 acquisition of Livongo Health in a cash and stock transaction valued at $18.5 billion. According to management, the company is reinvesting cost synergies achieved through the acquisition to fuel long-term growth, which is bad for the bottom line in the short run but could more than pay off for itself in the long run. Companies at the forefront of relatively new industries with solid tailwinds often invest heavily to carve out a niche for themselves permanently.The telehealth industry will continue to grow rapidly in the coming years, especially since it provides benefits in terms of time (and money) savings to both patients and physicians. That's not to mention the convenience it offers consumers: Being able to consult a doctor from the comfort of one's home 24/7 is a pretty attractive selling point.And as one of the leaders in telemedicine with a vast network of some 50,000 clinicians, Teladoc is well-positioned to take at least a small slice of the $261 billion total addressable market in the U.S. alone. Though the red ink on the bottom line isn't ideal, Teladoc's long-term opportunities and leadership in its industry justify sticking with the company for now.While shares have been falling of late, it's impossible to know when they will hit rock bottom. After falling hard for the last 11 months, the company already looks more attractively valued than it has in the past year. That's why it's worth it to purchase its stock now while it still hovers around its 52-week low. **10 stocks we like better than Pfizer** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4) for investors to buy right now... and Pfizer wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=65084789-f6a5-4b02-9178-445e6ef08d8f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DPfizer&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=182b9898-11ca-4cd8-bb83-50f642081af4)*Stock Advisor returns as of January 10, 2022 [Prosper Junior Bakiny](https://boards.fool.com/profile/TMFPBakiny/info.aspx) owns Teladoc Health. The Motley Fool owns and recommends Teladoc Health. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Best Income Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 28th:**Riley Exploration Permian** [REPX](https://www.nasdaq.com/market-activity/stocks/repx): This independent oil and natural gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days. **Riley Exploration Permian, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart)[Riley Exploration Permian, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/REPX/price-consensus-chart?icid=chart-REPX-price-consensus-chart) | [Riley Exploration Permian, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/repx) This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.37%, compared with the industry average of 0.00%. **Riley Exploration Permian, Inc. Dividend Yield (TTM)** [](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm)[Riley Exploration Permian, Inc. dividend-yield-ttm](https://www.zacks.com/stock/chart/REPX/fundamental/dividend-yield-ttm?icid=chart-REPX-fundamental/dividend-yield-ttm) | [Riley Exploration Permian, Inc. 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Date: 2022-01-28
Title: Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year
Article: **Continued Increase in Non-Interest-Bearing Deposits Positions the Company Well for A Rising Interest Rate Scenario** **Robust Quarterly Loan Originations in Excess of $500 Million** HAUPPAUGE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $96.7 million for the year ended December 31, 2021, or $2.45 per diluted common share. For the quarter ended December 31, 2021, net income available to common stockholders was $33.5 million, or $0.83 per diluted common share, compared to net income available to common stockholders of $3.3 million for the quarter ended December 31, 2020, or $0.16 per diluted common share. Adjusted net income available to common stockholders (non-GAAP) totaled $33.8 million for the quarter ended December 31, 2021, or $0.84 per diluted share. Adjusted net income available to common stockholders includes $0.5 million of aggregate pre-tax adjustments related to merger expenses and transaction costs, branch restructuring, and net gain on sale of securities and other assets (see “Non-GAAP Reconciliation” table at the end of this news release). Kevin M. O’Connor, Chief Executive Officer (“CEO”) of the Company, stated, “As we close the book on 2021, we can reflect on a successful year for our Company. We integrated our merger transaction seamlessly and delivered on our financial goals as it relates to return on assets and efficiency. During the fourth quarter of 2021, our loan originations increased to $505 million (representing a linked quarter increase of approximately 9%). In addition, we grew our non-interest-bearing deposits to total deposits ratio to 37.5% and have positioned our balance sheet favorably for a rising rate scenario.” **Highlights for the Fourth Quarter of 2021 Included:** - The non-interest-bearing deposits to total deposits ratio increased to 37.5% at December 31, 2021; - The cost of deposits for the fourth quarter of 2021 declined to 0.11%; - Total loans held for investment, net, excluding Paycheck Protection Program (“PPP”) loans increased by 1% on an annualized basis versus the linked quarter; - The reported efficiency ratio for the fourth quarter of 2021 was 49.9%; excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2%; - The Company repurchased 850,901 shares of its common stock, which represented approximately 2% of shares outstanding at the beginning of the period, at a weighted average price of $34.44; and - Non-performing assets represented only 0.33% of total assets as of December 31, 2021. **Management’s Discussion of Quarterly Operating Results** The Company’s results of operations for the third and fourth quarters of 2021 include income for the full quarter from the merger with Bridge Bancorp, Inc. (“Bridge”). The Company’s historical information for the fourth quarter of 2020 does not include the historical GAAP results of Bridge. **Net Interest Income** Net interest income for the fourth quarter of 2021 was $91.7 million compared to $94.8 million for the third quarter of 2021 and $48.7 million for the fourth quarter of 2020. The table below provides a reconciliation of the reported Net Interest Margin (“NIM”), the adjusted NIM excluding the impact of PPP loans, and the adjusted NIM excluding the combined impact of PPP loans and purchasing accounting accretion on the loan portfolio. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ($ in thousands) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Net interest income & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & \\ \hline Less: Net interest income on PPP loans & & & (539 & ) & & & (2,502 & ) & & & (1,678 & ) \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline & & & & & & & & & \\ \hline Average interest-earning assets & & $ & 11,582,086 & & & $ & 11,765,298 & & & $ & 6,281,488 & \\ \hline Average PPP loan balances & & & (96,065 & ) & & & (266,472 & ) & & & (318,793 & ) \\ \hline Adjusted average interest-earning assets excluding PPP loans, (non-GAAP) & & $ & 11,486,021 & & & $ & 11,498,826 & & & $ & 5,962,695 & \\ \hline & & & & & & & & & \\ \hline NIM (1) & & & 3.14 & % & & & 3.20 & % & & & 3.10 & % \\ \hline Adjusted NIM excluding PPP loans (non-GAAP) (2) & & & 3.15 & % & & & 3.19 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline Adjusted net interest income excluding PPP loans, (non-GAAP) & & $ & 91,147 & & & $ & 92,326 & & & $ & 47,002 & \\ \hline Less: Purchase Accounting Accretion on loans ("PAA") & & & 625 & & & & (2,541 & ) & & & — & \\ \hline Adjusted net interest income excluding PPP loans and PAA on loans, (non-GAAP) & & $ & 91,772 & & & $ & 89,785 & & & $ & 47,002 & \\ \hline Adjusted NIM excluding PPP loans and PAA on loans, (non-GAAP) (3) & & & 3.17 & % & & & 3.10 & % & & & 3.15 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) NIM represents net interest income divided by average interest-earning assets.(2) Adjusted NIM excluding PPP represents adjusted net interest income, which excludes net interest income on PPP loans divided by average interest-earning assets excluding PPP loans. The net interest income on PPP loans is calculated using interest income on the PPP balances less an assumed cost of funding the PPP loans, using the overall cost of funds of the Company.(3) Adjusted NIM excluding PPP and PAA represents adjusted net interest income, which excludes net interest income on PPP loans and PAA, divided by adjusted average interest-earning assets excluding PPP loans. **Loan Portfolio** The ending weighted average rate (“WAR”)(1) on the total loan portfolio was 3.73% at December 31, 2021, a 1 basis point increase compared to the ending WAR on the total loan portfolio at September 30, 2021. Excluding the impact of PPP loans, the WAR on the loan portfolio was 3.75% at December 31, 2021, compared to 3.76% at September 30, 2021. Outlined below are loan balances and WARs for the period ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline ($ in thousands) & & Balance & & WAR & & Balance & & WAR & & Balance & & WAR & \\ \hline Loans held for investment balances at period end: & & & & & & & & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 669,282 & & 3.63 & % & $ & 683,665 & & 3.68 & % & $ & 184,989 & & 3.76 & % \\ \hline Multifamily residential and residential mixed-use (2)(3) & & & 3,356,346 & & 3.56 & & & 3,468,262 & & 3.57 & & & 2,758,743 & & 3.75 & \\ \hline Non-owner-occupied commercial real estate ("CRE") & & & 2,915,693 & & 3.69 & & & 2,844,171 & & 3.70 & & & 1,560,811 & & 3.86 & \\ \hline Owner-occupied CRE & & & 1,030,255 & & 4.05 & & & 970,266 & & 4.11 & & & 317,356 & & 4.14 & \\ \hline Acquisition, development, and construction ("ADC") & & & 322,628 & & 4.53 & & & 285,379 & & 4.69 & & & 156,296 & & 5.02 & \\ \hline Commercial and industrial ("C&I") & & & 867,542 & & 4.08 & & & 878,332 & & 4.10 & & & 319,626 & & 4.49 & \\ \hline Other loans & & & 16,898 & & 5.85 & & & 20,713 & & 4.97 & & & 2,316 & & 7.63 & \\ \hline Loans held for investment excluding PPP & & & 9,178,644 & & 3.75 & & & 9,150,788 & & 3.76 & & & 5,300,137 & & 3.89 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline PPP & & & 66,017 & & 1.00 & & & 134,083 & & 1.00 & & & 321,907 & & 1.00 & \\ \hline Total loans held for investment including PPP & & $ & 9,244,661 & & 3.73 & % & $ & 9,284,871 & & 3.72 & % & $ & 5,622,044 & & 3.73 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Weighted average rate is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total amount of loans in the category.(2) Includes multifamily loans underlying cooperatives. (3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. Outlined below are the loan originations, excluding PPP, for the quarter ended as indicated. \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline ($ in millions) & & Q4 2021 & & Q3 2021 & & Q4 2020 \\ \hline Loan originations, excluding PPP & & $ & 505.1 & & $ & 464.9 & & $ & 223.8 \\ \hline & & & & & & & & & \\ \hline \end{table} **Deposits** Total deposits decreased by $215.1 million on a linked quarter basis to $10.5 billion at December 31, 2021. The decline in total deposits was primarily due to the Bank not renewing higher-cost certificates of deposit accounts. CEO O’Connor stated, “We continued to focus on reducing higher-rate, promotional or rate-sensitive deposits in our portfolio as we prepare for higher interest rates. The weighted-average rate on our deposit portfolio declined to 0.09% at December 31, 2021.” Non-interest-bearing deposits increased $98.6 million during the fourth quarter of 2021 to $3.9 billion at December 31, 2021, representing 37.5% of total deposits. As of December 31, 2021, the Company had $324.9 million of certificates of deposits, with a weighted average rate of 0.29%, that were set to mature during the first quarter of 2022 and $376.3 million of certificates of deposits, with a weighted average rate of 0.69%, that were set to mature during the remainder of 2022. **Non-Interest Income** Non-interest income was $10.2 million during the fourth quarter of 2021, $9.7 million during the third quarter of 2021, and $2.5 million during the fourth quarter of 2020. Excluding the net gain on sale of securities and other assets, adjusted non-interest income was $9.2 million during the fourth quarter of 2021. The net gain on sale of securities and other assets during the fourth quarter of 2021 was primarily due to the sale of a branch property. Excluding the loss on termination of derivatives and net gain on sale of securities and other assets, adjusted non-interest income was $7.9 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Non-Interest Expense** Total non-interest expense was $50.8 million during the fourth quarter of 2021, $56.8 million during the third quarter of 2021, and $37.6 million during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, adjusted non-interest expense was $48.7 million during the fourth quarter of 2021, compared to $49.1 million during the third quarter of 2021, and $25.3 million during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The ratio of non-interest expense to average assets was 1.64% during the fourth quarter of 2021, compared to 1.80% during the linked quarter and 2.28% for the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the ratio of adjusted non-interest expense to average assets was 1.57% during the fourth quarter of 2021, compared to 1.56% during the linked quarter and 1.53% for the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). The efficiency ratio was 49.9% during the fourth quarter of 2021, compared to 54.3% during the linked quarter and 73.4% during the fourth quarter of 2020. Excluding the impact of merger expenses and transaction costs, branch restructuring, and amortization of other intangible assets, the adjusted efficiency ratio was 48.2% during the fourth quarter of 2021, compared to 46.9% during the linked quarter and 44.8% during the fourth quarter of 2020 (see “Non-GAAP Reconciliation” table at the end of this news release). **Income Tax Expense** The reported effective tax rate for the fourth quarter of 2021 was 30.9%, compared to 27.5% for the third quarter of 2021, and 31.5% for the fourth quarter of 2020. The increase in the effective tax rate during the fourth quarter of 2021 was primarily the result of higher non-deductible expenses during the period. **Credit Quality** Non-performing loans at December 31, 2021 were $40.3 million, or 0.44% of total loans. Excluding the impact of purchased loans with credit deterioration (“PCD loans”), non-performing loans would have been $32.2 million, or 0.36% of total loans (excluding PCD loans). A credit loss recovery of $132 thousand was recorded during the fourth quarter of 2021, compared to a credit loss recovery of $5.2 million during the third quarter of 2021, and a credit loss provision of $6.2 million during the fourth quarter of 2020. The allowance for credit losses as a percentage of total loans was 0.91% at December 31, 2021 as compared to 0.88% at September 30, 2021 and 0.74% at December 31, 2020. **Loans with Payment Deferrals** Loans subject to full principal and interest (“P&I”) payment deferrals declined to $5.7 million and represented 0.1% of the total loan portfolio at December 31, 2021. **Capital Management** The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements. CEO O’Connor commented, “During the fourth quarter, we continued to execute on our share repurchase program and we repurchased $29.3 million of common stock. Our tangible equity to tangible assets ratio increased by 14 basis points in the quarter to 8.64%. Our strong balance sheet and internal stress testing analyses continue to provide support for future capital return to shareholders” (see “Non-GAAP Reconciliation” tables at the end of this news release). Dividends per common share were $0.24 during the fourth quarter of 2021. Book value per common share was $26.98 and tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by number of shares outstanding) was $22.87 at December 31, 2021 (see “Non-GAAP Reconciliation” tables at the end of this news release). **Earnings Call Information** The Company will conduct a conference call at 8:30 a.m. (ET) on January 28, 2022, during which CEO O’Connor will discuss the Company’s fourth quarter and fiscal year 2021 performance, with a question and answer session to follow. Dial-in information for the live call is 1-888-348-2672. Upon dialing in, request to be joined into Dime Community Bancshares, Inc. call with the conference operator. The conference call will be simultaneously webcast (listen only), and archived for a period of one year, at [https://services.choruscall.com/links/dcom220128.html](https://services.choruscall.com/links/dcom220128.html). Dial-in information for the replay is 1-877-344-7529 using access code #6633695. Replay will be available beginning on January 28, 2022 at 10:30 a.m. through February 11, 2022 at 11:59 p.m. **ABOUT DIME COMMUNITY BANCSHARES, INC. **Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $12.0 billion in assets and the number one deposit market share among community banks on Greater Long Island(1). (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets. This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Company; unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. Further, given its ongoing and dynamic nature, it is difficult to predict what effects the COVID-19 pandemic will have on our business and results of operations. The pandemic and related local and national economic disruption may, among other effects, result in a decline in demand for our products and services; increased levels of loan delinquencies, problem assets and foreclosures; branch closures, work stoppages and unavailability of personnel; and increased cybersecurity risks, as employees work remotely. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. **Contact: Avinash Reddy****Senior Executive Vice President – Chief Financial Officer****718-782-6200 extension 5909** **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**(In thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Assets: & & & & & & & & & \\ \hline Cash and due from banks & & $ & 393,722 & & & $ & 629,011 & & & $ & 243,603 & \\ \hline Securities available-for-sale, at fair value & & & 1,563,711 & & & & 1,709,063 & & & & 538,861 & \\ \hline Securities held-to-maturity & & & 179,309 & & & & 40,303 & & & & — & \\ \hline Marketable equity securities, at fair value & & & — & & & & — & & & & 5,970 & \\ \hline Loans held for sale & & & 5,493 & & & & 14,720 & & & & 5,903 & \\ \hline Loans held for investment, net: & & & & & & & & & \\ \hline One-to-four family and cooperative/condominium apartment & & & 669,282 & & & & 683,665 & & & & 184,989 & \\ \hline Multifamily residential and residential mixed-use (1)(2) & & & 3,356,346 & & & & 3,468,262 & & & & 2,758,743 & \\ \hline CRE & & & 3,945,948 & & & & 3,814,437 & & & & 1,878,167 & \\ \hline ADC & & & 322,628 & & & & 285,379 & & & & 156,296 & \\ \hline Total real estate loans & & & 8,294,204 & & & & 8,251,743 & & & & 4,978,195 & \\ \hline C&I & & & 867,542 & & & & 878,332 & & & & 319,626 & \\ \hline Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans & & & 66,017 & & & & 134,083 & & & & 321,907 & \\ \hline Other loans & & & 16,898 & & & & 20,713 & & & & 2,316 & \\ \hline Allowance for credit losses & & & (83,853 & ) & & & (81,255 & ) & & & (41,461 & ) \\ \hline Total loans held for investment, net & & & 9,160,808 & & & & 9,203,616 & & & & 5,580,583 & \\ \hline Premises and fixed assets, net & & & 50,368 & & & & 49,615 & & & & 19,053 & \\ \hline Premises held for sale & & & 556 & & & & 2,799 & & & & — & \\ \hline Restricted stock & & & 37,732 & & & & 37,719 & & & & 60,707 & \\ \hline Bank Owned Life Insurance ("BOLI") & & & 295,789 & & & & 293,898 & & & & 156,096 & \\ \hline Goodwill & & & 155,797 & & & & 155,339 & & & & 55,638 & \\ \hline Other intangible assets & & & 8,362 & & & & 9,077 & & & & — & \\ \hline Operating lease assets & & & 64,258 & & & & 56,836 & & & & 33,898 & \\ \hline Derivative assets & & & 45,086 & & & & 41,700 & & & & 18,932 & \\ \hline Accrued interest receivable & & & 40,149 & & & & 43,284 & & & & 34,815 & \\ \hline Other assets & & & 65,224 & & & & 77,401 & & & & 27,551 & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Liabilities: & & & & & & & & & \\ \hline Non-interest-bearing checking & & $ & 3,920,423 & & & $ & 3,821,832 & & & $ & 780,751 & \\ \hline Interest-bearing checking & & & 905,717 & & & & 989,526 & & & & 290,300 & \\ \hline Savings & & & 1,158,040 & & & & 1,188,794 & & & & 414,809 & \\ \hline Money market & & & 3,621,552 & & & & 3,657,669 & & & & 1,716,624 & \\ \hline Certificates of deposit & & & 853,242 & & & & 1,016,216 & & & & 1,322,638 & \\ \hline Total deposits & & & 10,458,974 & & & & 10,674,037 & & & & 4,525,122 & \\ \hline FHLBNY advances & & & 25,000 & & & & 25,000 & & & & 1,204,010 & \\ \hline Other short-term borrowings & & & 1,862 & & & & 2,629 & & & & 120,000 & \\ \hline Subordinated debt, net & & & 197,096 & & & & 197,142 & & & & 114,052 & \\ \hline Operating lease liabilities & & & 66,103 & & & & 62,870 & & & & 39,874 & \\ \hline Derivative liabilities & & & 40,728 & & & & 38,889 & & & & 37,374 & \\ \hline Other liabilities & & & 83,981 & & & & 162,697 & & & & 40,082 & \\ \hline Total liabilities & & & 10,873,744 & & & & 11,163,264 & & & & 6,080,514 & \\ \hline Stockholders' equity: & & & & & & & & & \\ \hline Preferred stock, Series A & & & 116,569 & & & & 116,569 & & & & 116,569 & \\ \hline Common stock & & & 416 & & & & 416 & & & & 348 & \\ \hline Additional paid-in capital & & & 494,125 & & & & 493,775 & & & & 278,295 & \\ \hline Retained earnings & & & 654,726 & & & & 630,744 & & & & 600,641 & \\ \hline Accumulated other comprehensive loss, net of deferred taxes & & & (6,181 & ) & & & (1,042 & ) & & & (5,924 & ) \\ \hline Unearned equity awards & & & (7,842 & ) & & & (9,417 & ) & & & — & \\ \hline Common stock held by the Benefit Maintenance Plan & & & — & & & & — & & & & (1,496 & ) \\ \hline Treasury stock, at cost & & & (59,193 & ) & & & (29,928 & ) & & & (287,337 & ) \\ \hline Total stockholders' equity & & & 1,192,620 & & & & 1,201,117 & & & & 701,096 & \\ \hline Total liabilities and stockholders' equity & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} (1) Includes loans underlying multifamily cooperatives.(2) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**(Dollars in thousands except share and per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Interest income: & & & & & & & & & & & & & & & \\ \hline Loans & & $ & 89,301 & & & $ & 94,045 & & & $ & 55,002 & & & $ & 359,016 & & & $ & 216,566 & \\ \hline Securities & & & 7,097 & & & & 6,030 & & & & 3,365 & & & & 22,634 & & & & 14,159 & \\ \hline Other short-term investments & & & 414 & & & & 583 & & & & 705 & & & & 2,976 & & & & 3,282 & \\ \hline Total interest income & & & 96,812 & & & & 100,658 & & & & 59,072 & & & & 384,626 & & & & 234,007 & \\ \hline Interest expense: & & & & & & & & & & & & & & & \\ \hline Deposits and escrow & & & 2,861 & & & & 3,565 & & & & 4,740 & & & & 16,527 & & & & 33,038 & \\ \hline Borrowed funds & & & 2,265 & & & & 2,265 & & & & 5,652 & & & & 10,490 & & & & 23,265 & \\ \hline Total interest expense & & & 5,126 & & & & 5,830 & & & & 10,392 & & & & 27,017 & & & & 56,303 & \\ \hline Net interest income & & & 91,686 & & & & 94,828 & & & & 48,680 & & & & 357,609 & & & & 177,704 & \\ \hline (Credit) provision for credit losses & & & (132 & ) & & & (5,187 & ) & & & 6,162 & & & & 6,212 & & & & 26,165 & \\ \hline Net interest income after (credit) provision & & & 91,818 & & & & 100,015 & & & & 42,518 & & & & 351,397 & & & & 151,539 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Non-interest income: & & & & & & & & & & & & & & & \\ \hline Service charges and other fees & & & 4,621 & & & & 4,581 & & & & 1,653 & & & & 15,998 & & & & 5,571 & \\ \hline Title fees & & & 735 & & & & 482 & & & & — & & & & 2,338 & & & & — & \\ \hline Loan level derivative income & & & 113 & & & & 445 & & & & 3,671 & & & & 2,909 & & & & 8,872 & \\ \hline BOLI income & & & 1,890 & & & & 2,249 & & & & 1,028 & & & & 7,071 & & & & 4,859 & \\ \hline Gain on sale of SBA loans excluding PPP & & & 851 & & & & 348 & & & & 146 & & & & 2,336 & & & & 1,118 & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & 20,697 & & & & — & \\ \hline Gain on sale of residential loans & & & 225 & & & & 304 & & & & 910 & & & & 1,758 & & & & 1,884 & \\ \hline Net gain on equity securities & & & — & & & & — & & & & 222 & & & & 131 & & & & 361 & \\ \hline Net gain on sale of securities and other assets & & & 975 & & & & — & & & & 1,235 & & & & 1,705 & & & & 4,592 & \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & (6,596 & ) & & & (16,505 & ) & & & (6,596 & ) \\ \hline Other & & & 769 & & & & 1,319 & & & & 233 & & & & 3,630 & & & & 612 & \\ \hline Total non-interest income & & & 10,179 & & & & 9,728 & & & & 2,502 & & & & 42,068 & & & & 21,273 & \\ \hline Non-interest expense: & & & & & & & & & & & & & & & \\ \hline Salaries and employee benefits & & & 27,638 & & & & 28,276 & & & & 15,726 & & & & 108,331 & & & & 60,756 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Occupancy and equipment & & & 7,784 & & & & 7,814 & & & & 4,116 & & & & 30,697 & & & & 16,177 & \\ \hline Data processing costs & & & 4,506 & & & & 3,573 & & & & 2,152 & & & & 16,638 & & & & 8,329 & \\ \hline Marketing & & & 1,959 & & & & 1,054 & & & & 318 & & & & 4,661 & & & & 1,458 & \\ \hline Professional services & & & 2,130 & & & & 2,751 & & & & 681 & & & & 9,284 & & & & 3,394 & \\ \hline Federal deposit insurance premiums & & & 1,031 & & & & 1,173 & & & & 490 & & & & 4,077 & & & & 2,257 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Amortization of other intangible assets & & & 715 & & & & 715 & & & & — & & & & 2,622 & & & & — & \\ \hline Other & & & 3,610 & & & & 4,437 & & & & 1,824 & & & & 13,937 & & & & 6,748 & \\ \hline Total non-interest expense & & & 50,829 & & & & 56,783 & & & & 37,589 & & & & 245,299 & & & & 117,828 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Income before taxes & & & 51,168 & & & & 52,960 & & & & 7,431 & & & & 148,166 & & & & 54,984 & \\ \hline Income tax expense & & & 15,811 & & & & 14,565 & & & & 2,339 & & & & 44,170 & & & & 12,666 & \\ \hline Net income & & & 35,357 & & & & 38,395 & & & & 5,092 & & & & 103,996 & & & & 42,318 & \\ \hline Preferred stock dividends & & & 1,821 & & & & 1,822 & & & & 1,821 & & & & 7,286 & & & & 4,783 & \\ \hline Net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Earnings per common share ("EPS"): & & & & & & & & & & & & & & & \\ \hline Basic & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline Diluted & & $ & 0.83 & & & $ & 0.89 & & & $ & 0.16 & & & $ & 2.45 & & & $ & 1.74 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Average common shares outstanding for diluted EPS & & & 39,876,825 & & & & 40,426,161 & & & & 21,233,018 & & & & 38,903,037 & & & & 21,538,448 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**(Dollars in thousands except per share amounts) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended & & At or For the Year Ended & \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, & \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 & \\ \hline Per Share Data: & & & & & & & & & & & & & & & & \\ \hline Reported EPS (Diluted) & & $ & 0.83 & & $ & 0.89 & & $ & 0.16 & & $ & 2.45 & & $ & 1.74 & \\ \hline Cash dividends paid per common share & & & 0.24 & & & 0.24 & & & 0.22 & & & 0.96 & & & 0.86 & \\ \hline Book value per common share & & & 26.98 & & & 26.64 & & & 27.53 & & & 26.98 & & & 27.53 & \\ \hline Tangible common book value per share (1) & & & 22.87 & & & 22.60 & & & 24.91 & & & 22.87 & & & 24.91 & \\ \hline Common shares outstanding & & & 39,878 & & & 40,715 & & & 21,233 & & & 39,878 & & & 21,233 & \\ \hline Dividend payout ratio & & & 28.92 & % & & 26.97 & % & & 135.03 & % & & 39.18 & % & & 49.79 & % \\ \hline & & & & & & & & & & & & & & & & \\ \hline Performance Ratios (Based upon Reported Net Income): & & & & & & & & & & & & & & & & \\ \hline Return on average assets & & & 1.14 & % & & 1.22 & % & & 0.31 & % & & 0.86 & % & & 0.66 & % \\ \hline Return on average equity & & & 11.67 & & & 12.69 & & & 2.89 & & & 8.96 & & & 6.30 & \\ \hline Return on average tangible common equity (1) & & & 14.61 & & & 15.96 & & & 2.45 & & & 11.09 & & & 7.14 & \\ \hline Net interest margin & & & 3.14 & & & 3.20 & & & 3.10 & & & 3.15 & & & 2.90 & \\ \hline Non-interest expense to average assets & & & 1.64 & & & 1.80 & & & 2.28 & & & 2.03 & & & 1.83 & \\ \hline Efficiency ratio & & & 49.9 & & & 54.3 & & & 73.4 & & & 61.4 & & & 59.2 & \\ \hline Effective tax rate & & & 30.90 & & & 27.50 & & & 31.48 & & & 29.81 & & & 23.04 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Balance Sheet Data: & & & & & & & & & & & & & & & & \\ \hline Average assets & & $ & 12,419,184 & & $ & 12,584,372 & & $ & 6,604,409 & & $ & 12,112,800 & & $ & 6,424,251 & \\ \hline Average interest-earning assets & & & 11,582,086 & & & 11,765,298 & & & 6,281,488 & & & 11,354,111 & & & 6,122,643 & \\ \hline Average tangible common equity (1) & & & 931,503 & & & 929,131 & & & 533,476 & & & 888,128 & & & 525,817 & \\ \hline Loan-to-deposit ratio at end of period & & & 88.4 & & & 87.0 & & & 124.2 & & & 88.4 & & & 124.2 & \\ \hline & & & & & & & & & & & & & & & & \\ \hline Capital Ratios and Reserves - Consolidated: (3) & & & & & & & & & & & & & & & & \\ \hline Tangible common equity to tangible assets (1) & & & 7.66 & % & & 7.54 & % & & 7.86 & % & & & & & & \\ \hline Tangible equity to tangible assets (1) & & & 8.64 & & & 8.50 & & & 9.60 & & & & & & & \\ \hline Tier 1 common equity ratio & & & 9.50 & & & 9.92 & & & 10.22 & & & & & & & \\ \hline Tier 1 risk-based capital ratio & & & 10.71 & & & 11.17 & & & 12.44 & & & & & & & \\ \hline Total risk-based capital ratio & & & 13.47 & & & 14.13 & & & 15.44 & & & & & & & \\ \hline Tier 1 leverage ratio & & & 8.46 & & & 8.37 & & & 9.95 & & & & & & & \\ \hline CRE consolidated concentration ratio (2) & & & 519 & & & 516 & & & 554 & & & & & & & \\ \hline Allowance for credit losses/ Total loans & & & 0.91 & & & 0.88 & & & 0.74 & & & & & & & \\ \hline Allowance for credit losses/ Non-performing loans & & & 208.04 & & & 238.84 & & & 231.26 & & & & & & & \\ \hline & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) See "Non-GAAP Reconciliation" table for reconciliation of tangible equity, tangible common equity, and tangible assets. Average balances are calculated using the ending balance for months during the period indicated.(2) The CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner occupied commercial real estate, multifamily, and ADC, divided by consolidated capital. December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports.(3) December 31, 2021 amounts are preliminary pending completion and filing of the Company’s regulatory reports. **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & \\ \hline & & December 31, 2021 & & September 30, 2021 & & December 31, 2020 & \\ \hline & & & & & & & & Average & & & & & & & & Average & & & & & & & & Average & \\ \hline & & Average & & & & & Yield/ & & Average & & & & & Yield/ & & Average & & & & & Yield/ & \\ \hline & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & & Balance & & Interest & & Cost & \\ \hline Assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-earning assets: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Real estate loans & & $ & 8,293,470 & & $ & 78,367 & & 3.75 & % & $ & 8,289,973 & & $ & 78,820 & & 3.77 & % & $ & 4,966,327 & & $ & 49,487 & & 3.99 & % \\ \hline Commercial and industrial loans & & & 873,273 & & & 10,119 & & 4.60 & & & 868,508 & & & 12,143 & & 5.55 & & & 328,754 & & & 3,252 & & 3.96 & \\ \hline SBA PPP loans & & & 96,065 & & & 583 & & 2.41 & & & 266,472 & & & 2,643 & & 3.94 & & & 318,793 & & & 2,252 & & 2.83 & \\ \hline Other loans & & & 18,385 & & & 232 & & 5.01 & & & 21,391 & & & 439 & & 8.14 & & & 1,318 & & & 11 & & 3.34 & \\ \hline Securities & & & 1,729,191 & & & 7,097 & & 1.63 & & & 1,438,348 & & & 6,030 & & 1.66 & & & 498,861 & & & 3,365 & & 2.70 & \\ \hline Other short-term investments & & & 571,702 & & & 414 & & 0.29 & & & 880,606 & & & 583 & & 0.26 & & & 167,435 & & & 705 & & 1.68 & \\ \hline Total interest-earning assets & & & 11,582,086 & & & 96,812 & & 3.32 & % & & 11,765,298 & & & 100,658 & & 3.39 & % & & 6,281,488 & & & 59,072 & & 3.76 & % \\ \hline Non-interest-earning assets & & & 837,098 & & & & & & & & 819,074 & & & & & & & & 322,921 & & & & & & \\ \hline Total assets & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Liabilities and Stockholders' Equity: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing liabilities: & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline Interest-bearing checking & & $ & 962,597 & & $ & 455 & & 0.19 & % & $ & 1,000,435 & & $ & 388 & & 0.15 & % & $ & 259,155 & & $ & 142 & & 0.22 & % \\ \hline Money market & & & 3,652,681 & & & 1,087 & & 0.12 & & & 3,698,124 & & & 1,467 & & 0.16 & & & 1,679,578 & & & 1,285 & & 0.30 & \\ \hline Savings & & & 1,174,719 & & & 108 & & 0.04 & & & 1,335,310 & & & 170 & & 0.05 & & & 408,241 & & & 141 & & 0.14 & \\ \hline Certificates of deposit & & & 915,210 & & & 1,211 & & 0.52 & & & 1,138,853 & & & 1,540 & & 0.54 & & & 1,333,079 & & & 3,172 & & 0.95 & \\ \hline Total interest-bearing deposits & & & 6,705,207 & & & 2,861 & & 0.17 & & & 7,172,722 & & & 3,565 & & 0.20 & & & 3,680,053 & & & 4,740 & & 0.51 & \\ \hline FHLBNY advances & & & 25,000 & & & 61 & & 0.97 & & & 25,000 & & & 59 & & 0.94 & & & 1,172,191 & & & 4,319 & & 1.47 & \\ \hline Subordinated debt, net & & & 197,126 & & & 2,204 & & 4.44 & & & 197,172 & & & 2,206 & & 4.44 & & & 114,028 & & & 1,330 & & 4.64 & \\ \hline Other short-term borrowings & & & 2,484 & & & — & & — & & & 2,290 & & & — & & — & & & 4,424 & & & 3 & & 0.27 & \\ \hline Total borrowings & & & 224,610 & & & 2,265 & & 4.00 & & & 224,462 & & & 2,265 & & 4.00 & & & 1,290,643 & & & 5,652 & & 1.74 & \\ \hline Total interest-bearing liabilities & & & 6,929,817 & & & 5,126 & & 0.29 & % & & 7,397,184 & & & 5,830 & & 0.31 & % & & 4,970,696 & & & 10,392 & & 0.83 & % \\ \hline Non-interest-bearing checking & & & 4,096,046 & & & & & & & & 3,789,623 & & & & & & & & 795,204 & & & & & & \\ \hline Other non-interest-bearing liabilities & & & 181,074 & & & & & & & & 186,977 & & & & & & & & 132,826 & & & & & & \\ \hline Total liabilities & & & 11,206,937 & & & & & & & & 11,373,784 & & & & & & & & 5,898,726 & & & & & & \\ \hline Stockholders' equity & & & 1,212,247 & & & & & & & & 1,210,588 & & & & & & & & 705,683 & & & & & & \\ \hline Total liabilities and stockholders' equity & & $ & 12,419,184 & & & & & & & $ & 12,584,372 & & & & & & & $ & 6,604,409 & & & & & & \\ \hline Net interest income & & & & & $ & 91,686 & & & & & & & $ & 94,828 & & & & & & & $ & 48,680 & & & \\ \hline Net interest rate spread & & & & & & & & 3.03 & % & & & & & & & 3.08 & % & & & & & & & 2.93 & % \\ \hline Net interest margin & & & & & & & & 3.14 & % & & & & & & & 3.20 & % & & & & & & & 3.10 & % \\ \hline Deposits (including non-interest-bearing checking accounts) & & $ & 10,801,253 & & $ & 2,861 & & 0.11 & % & $ & 10,962,345 & & $ & 3,565 & & 0.13 & % & $ & 4,475,257 & & $ & 4,740 & & 0.42 & % \\ \hline & & & & & & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**(Dollars in thousands) \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & At or For the Three Months Ended \\ \hline & & December 31, & & September 30, & & December 31, \\ \hline Asset Quality Detail & & 2021 & & 2021 & & 2020 \\ \hline Non-performing loans ("NPLs") (1) & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 7,623 & & & $ & 4,938 & & & $ & 858 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & 859 & & & & 1,863 & \\ \hline CRE & & & 5,053 & & & & 4,122 & & & & 2,704 & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 27,266 & & & & 23,727 & & & & 12,502 & \\ \hline Other & & & 365 & & & & 374 & & & & 1 & \\ \hline Total Non-accrual loans & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline Total Non-performing assets ("NPAs") & & $ & 40,307 & & & $ & 34,020 & & & $ & 17,928 & \\ \hline & & & & & & & & & \\ \hline Loans 90 days delinquent and accruing ("90+ Delinquent") & & & & & & & & & \\ \hline One-to-four family residential, including condominium and cooperative apartment & & $ & 1,945 & & & $ & 5,021 & & & $ & 44 & \\ \hline Multifamily residential and residential mixed-use & & & — & & & & — & & & & 437 & \\ \hline CRE & & & — & & & & 1,004 & & & & — & \\ \hline ADC & & & — & & & & — & & & & — & \\ \hline C&I & & & 1,056 & & & & 257 & & & & 2,848 & \\ \hline Other & & & — & & & & — & & & & — & \\ \hline 90+ Delinquent & & $ & 3,001 & & & $ & 6,282 & & & $ & 3,329 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent & & $ & 43,308 & & & $ & 40,302 & & & $ & 21,257 & \\ \hline & & & & & & & & & \\ \hline NPAs and 90+ Delinquent / Total assets & & & 0.36 & % & & & 0.33 & % & & & 0.31 & % \\ \hline Net charge-offs (recoveries) ("NCOs") & & $ & (108 & ) & & $ & 4,191 & & & $ & 13,193 & \\ \hline NCOs / Average loans (1) & & & 0.00 & % & & & 0.18 & % & & & 0.94 & % \\ \hline & & & & & & & & & \\ \hline \end{table} (1) Excludes loans held for sale **DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES****NON-GAAP RECONCILIATION**(Dollars in thousands except per share amounts) The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP. The following non-GAAP financial measures exclude pre-tax income and expenses associated with the Company’s merger with Bridge, as well as branch restructuring, and gain on sale of PPP loans. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders & & & & & & & & & & & & & & & \\ \hline Reported net income available to common stockholders & & $ & 33,536 & & & $ & 36,573 & & & $ & 3,271 & & & $ & 96,710 & & & $ & 37,535 & \\ \hline Adjustments to net income (1): & & & & & & & & & & & & & & & \\ \hline Provision for credit losses - Non-PCD loans (double-count) & & & — & & & & — & & & & — & & & & 20,278 & & & & — & \\ \hline Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Severance & & & — & & & & — & & & & — & & & & 1,875 & & & & 4,000 & \\ \hline Loss on extinguishment of debt & & & — & & & & — & & & & 1,104 & & & & 1,751 & & & & 1,104 & \\ \hline Curtailment (gain) loss & & & — & & & & — & & & & (1,651 & ) & & & 1,543 & & & & (1,651 & ) \\ \hline Merger expenses and transaction costs (2) & & & 2,574 & & & & 2,472 & & & & 12,829 & & & & 44,824 & & & & 15,256 & \\ \hline Branch restructuring & & & (1,118 & ) & & & 4,518 & & & & — & & & & 5,059 & & & & — & \\ \hline Income tax effect of adjustments and other tax adjustments & & & (234 & ) & & & (2,191 & ) & & & (4,901 & ) & & & (19,421 & ) & & & (5,537 & ) \\ \hline Adjusted net income available to common stockholders (non-GAAP) & & $ & 33,783 & & & $ & 41,372 & & & $ & 16,013 & & & $ & 146,742 & & & $ & 52,711 & \\ \hline & & & & & & & & & & & & & & & \\ \hline Adjusted Ratios (Based upon non-GAAP as calculated above) & & & & & & & & & & & & & & & \\ \hline Adjusted EPS (Diluted) & & $ & 0.84 & & & $ & 1.01 & & & $ & 0.76 & & & $ & 3.73 & & & $ & 2.44 & \\ \hline Adjusted return on average assets & & & 1.15 & % & & & 1.37 & % & & & 1.08 & % & & & 1.27 & % & & & 0.89 & % \\ \hline Adjusted return on average equity & & & 11.75 & & & & 14.27 & & & & 10.11 & & & & 13.26 & & & & 8.56 & \\ \hline Adjusted return on average tangible common equity & & & 14.72 & & & & 18.02 & & & & 12.01 & & & & 16.73 & & & & 10.02 & \\ \hline Adjusted non-interest expense to average assets & & & 1.57 & & & & 1.56 & & & & 1.53 & & & & 1.55 & & & & 1.54 & \\ \hline Adjusted efficiency ratio & & & 48.2 & & & & 46.9 & & & & 44.8 & & & & 47.6 & & & & 49.3 & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} (1) Adjustments to net income are taxed at the Company's statutory tax rate of approximately 31% unless otherwise noted.(2) Certain merger expenses and transaction costs are non-taxable expense. The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Operating expense as a % of average assets - as reported & & 1.64 & % & & 1.80 & % & & 2.28 & % & & 2.03 & % & & 1.83 & % \\ \hline Loss on extinguishment of debt & & — & & & — & & & (0.07 & ) & & (0.01 & ) & & (0.02 & ) \\ \hline Curtailment gain (loss) & & — & & & — & & & 0.10 & & & (0.02 & ) & & 0.03 & \\ \hline Severance & & — & & & — & & & — & & & (0.02 & ) & & (0.06 & ) \\ \hline Merger expenses and transaction costs & & (0.08 & ) & & (0.08 & ) & & (0.78 & ) & & (0.37 & ) & & (0.24 & ) \\ \hline Branch restructuring & & 0.03 & & & (0.14 & ) & & — & & & (0.04 & ) & & — & \\ \hline Amortization of other intangible assets & & (0.02 & ) & & (0.02 & ) & & — & & & (0.02 & ) & & — & \\ \hline Adjusted operating expense as a % of average assets (non-GAAP) & & 1.57 & & & 1.56 & & & 1.53 & & & 1.55 & & & 1.54 & \\ \hline & & & & & & & & & & & & & & & \\ \hline \end{table} The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & December 31, & & September 30, & & December 31, & & December 31, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 & & 2021 & & 2020 \\ \hline Efficiency ratio - as reported (non-GAAP) (1) & & & 49.9 & % & & & 54.3 & % & & & 73.4 & % & & & 61.4 & % & & & 59.2 & % \\ \hline Non-interest expense - as reported & & $ & 50,829 & & & $ & 56,783 & & & $ & 37,589 & & & $ & 245,299 & & & $ & 117,828 & \\ \hline Less: Severance & & & — & & & & — & & & & — & & & & (1,875 & ) & & & (4,000 & ) \\ \hline Less: Merger expenses and transaction costs & & & (2,574 & ) & & & (2,472 & ) & & & (12,829 & ) & & & (44,824 & ) & & & (15,256 & ) \\ \hline Less: Branch restructuring & & & 1,118 & & & & (4,518 & ) & & & — & & & & (5,059 & ) & & & — & \\ \hline Less: Loss on extinguishment of debt & & & — & & & & — & & & & (1,104 & ) & & & (1,751 & ) & & & (1,104 & ) \\ \hline Less: Curtailment gain (loss) & & & — & & & & — & & & & 1,651 & & & & (1,543 & ) & & & 1,651 & \\ \hline Less: Amortization of other intangible assets & & & (715 & ) & & & (715 & ) & & & — & & & & (2,622 & ) & & & — & \\ \hline Adjusted non-interest expense (non-GAAP) & & $ & 48,658 & & & $ & 49,078 & & & $ & 25,307 & & & $ & 187,625 & & & $ & 99,119 & \\ \hline Net interest income - as reported & & $ & 91,686 & & & $ & 94,828 & & & $ & 48,680 & & & $ & 357,609 & & & $ & 177,704 & \\ \hline Non-interest income - as reported & & $ & 10,179 & & & $ & 9,728 & & & $ & 2,502 & & & $ & 42,068 & & & $ & 21,273 & \\ \hline Less: Gain on sale of PPP loans & & & — & & & & — & & & & — & & & & (20,697 & ) & & & — & \\ \hline Less: Net gain on sale of securities and other assets & & & (975 & ) & & & — & & & & (1,235 & ) & & & (1,685 & ) & & & (4,592 & ) \\ \hline Less: Loss on termination of derivatives & & & — & & & & — & & & & 6,596 & & & & 16,505 & & & & 6,596 & \\ \hline Adjusted non-interest income (non-GAAP) & & $ & 9,204 & & & $ & 9,728 & & & $ & 7,863 & & & $ & 36,191 & & & $ & 23,277 & \\ \hline Adjusted total revenues for adjusted efficiency ratio (non-GAAP) & & $ & 100,890 & & & $ & 104,556 & & & $ & 56,543 & & & $ & 393,800 & & & $ & 200,981 & \\ \hline Adjusted efficiency ratio (non-GAAP) (2) & & & 48.2 & % & & & 46.9 & % & & & 44.8 & % & & & 47.6 & % & & & 49.3 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} _______________(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest (loss) income.(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income. The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & December 31, & & September 30, & & December 31, \\ \hline & & 2021 & & 2021 & & 2020 \\ \hline Reconciliation of Tangible Assets: & & & & & & & & & \\ \hline Total assets & & $ & 12,066,364 & & & $ & 12,364,381 & & & $ & 6,781,610 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible assets (non-GAAP) & & $ & 11,902,205 & & & $ & 12,199,965 & & & $ & 6,725,972 & \\ \hline & & & & & & & & & \\ \hline Reconciliation of Tangible Common Equity - Consolidated: & & & & & & & & & \\ \hline Total stockholders' equity & & $ & 1,192,620 & & & $ & 1,201,117 & & & $ & 701,096 & \\ \hline Less: & & & & & & & & & \\ \hline Goodwill & & & (155,797 & ) & & & (155,339 & ) & & & (55,638 & ) \\ \hline Other intangible assets & & & (8,362 & ) & & & (9,077 & ) & & & — & \\ \hline Tangible equity (non-GAAP) & & & 1,028,461 & & & & 1,036,701 & & & & 645,458 & \\ \hline Less: & & & & & & & & & \\ \hline Preferred stock, net & & & (116,569 & ) & & & (116,569 & ) & & & (116,569 & ) \\ \hline Tangible common equity (non-GAAP) & & $ & 911,892 & & & $ & 920,132 & & & $ & 528,889 & \\ \hline & & & & & & & & & \\ \hline Common shares outstanding & & & 39,878 & & & & 40,715 & & & & 21,233 & \\ \hline & & & & & & & & & \\ \hline Tangible common equity to tangible assets (non-GAAP) & & & 7.66 & % & & & 7.54 & % & & & 7.86 & % \\ \hline Tangible equity to tangible assets (non-GAAP) & & & 8.64 & & & & 8.50 & & & & 9.60 & \\ \hline & & & & & & & & & \\ \hline Book value per share & & $ & 26.98 & & & $ & 26.64 & & & $ & 27.53 & \\ \hline Tangible common book value per share (non-GAAP) & & & 22.87 & & & & 22.60 & & & & 24.91 & \\ \hline & & & & & & & & & & & & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTAxOCM0Njk4NTgzIzIwMTk0NjI=) [Image](https://ml.globenewswire.com/media/OWIzNDc3MTYtMTNhYS00NGIzLThlYTQtNmI5N2MwNWVkOGZlLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/cc302a95-36bf-4ba7-b90b-39e3115a87a6) Source: Dime Community Bancshares, Inc.
Date: 2022-01-28
Title: Matterport Inc - Class A Shares Close the Week 24.8% Lower - Weekly Wrap
Article: Matterport Inc - Class A ([MTTR](https://kwhen.com/finance/profiles/MTTR/summary))) shares closed this week 24.8% lower than it did at the end of last week. The stock is currently down 59.1% year-to-date, down 21.6% over the past 12 months, and down 21.6% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Shares traded as high as $11.09 and as low as $8.26 this week. - Trading volume this week was 28.5% higher than the 10-day average and 93.5% higher than the 30-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 613.2% - The company's stock price performance over the past 12 months lags the peer average by 53.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Technology Sector Update for 01/28/2022: CLFD,TEAM,AAPL,HPE,HPQ,WDC
Article: Technology stocks led equity markets higher Friday, bolstered by a more than 6% gain for Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) after the iPhone-maker late Thursday reported fiscal Q1 earnings and revenue exceeding consensus estimates. At last look, the SPDR Technology Select Sector ETF (XLK) was rising 2.9% although the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Clearfield ([CLFD](https://www.nasdaq.com/market-activity/stocks/CLFD))) raced more than 18% higher on Friday after the networking equipment company reported fiscal Q1 earnings and revenue topping Wall Street expectations and also raised its FY22 sales forecast above analyst views. Atlassian ([TEAM](https://www.nasdaq.com/market-activity/stocks/TEAM))) climbed 7.6% after the Australian software firm reported non-IFRS net income of $0.50 per share for its fiscal Q2 ended Dec. 31, up from $0.37 per share a year earlier and beating the Capital IQ estimate by $0.11 per share. Hewlett Packard Enterprise ([HPE](https://www.nasdaq.com/market-activity/stocks/HPE))) was 1.4% higher following reports a British court has sided with the software firm in its fraud lawsuit against UK businessman Mike Lynch over its $11 billion purchase of Autonomy, with the court ruling that Lynch and another Autonomy executive acted to inflate the value of Autonomy prior to a 2011 sale. To the downside, Western Digital (WDC) slid 7.8% after forecasting fiscal Q3 earnings and revenue lagging Wall Street expectations. The data storage company is projecting non-GAAP net income of $1.50 to $1.80 per share on between $4.45 billion to $4.65 billion in revenue. Analysts polled by Capital IQ, on average, were looking for $1.93 and $4.73 billion, respectively. Separately, it said Robert Eulau was stepping down as chief financial officer, to be succeeded by former Dialog Semiconductor CFO Wissam Jabre.
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Symbol: ACCO
Security: ACCO Brands Corporation
Related Stocks/Topics: Public Companies
Title: There Are Reasons To Feel Uneasy About ACCO Brands' (NYSE:ACCO) Returns On Capital
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-29
Article: If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at **ACCO Brands** (NYSE:ACCO) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. **Understanding Return On Capital Employed (ROCE)**If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for ACCO Brands: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)**0.065 = US$161m ÷ (US$3.1b - US$586m) (Based on the trailing twelve months to September 2021).So, **ACCO Brands has an ROCE of 6.5%.** Ultimately, that's a low return and it under-performs the Commercial Services industry average of 8.8%.[roce](https://images.simplywall.st/asset/chart/4184604-roce-1-dark/1643458613107) NYSE:ACCO Return on Capital Employed January 29th 2022In the above chart we have measured ACCO Brands' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering ACCO Brands [here ](https://simplywall.st/stocks/us/commercial-services/nyse-acco/acco-brands?blueprint=1875840&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#future-profit) for **free. ****The Trend Of ROCE** In terms of ACCO Brands' historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 10.0%, but since then they've fallen to 6.5%. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. If these investments prove successful, this can bode very well for long term stock performance. **The Bottom Line** In summary, despite lower returns in the short term, we're encouraged to see that ACCO Brands is reinvesting for growth and has higher sales as a result. However, despite the promising trends, the stock has fallen 30% over the last five years, so there might be an opportunity here for astute investors. As a result, we'd recommend researching this stock further to uncover what other fundamentals of the business can show us.One more thing: We've identified [3 warning signs with ACCO Brands (at least 1 which doesn't sit too well with us) ](https://simplywall.st/stocks/us/commercial-services/nyse-acco/acco-brands?blueprint=1875840&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq#executive-summary) , and understanding these would certainly be useful. For those who like to invest in **solid companies,** check out this **free** [list of companies with solid balance sheets and high returns on equity.](https://simplywall.st/discover/investing-ideas/10146/solid-balance-sheet-and-fundamentals/global?blueprint=1875840&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg0MDpjN2E1NTgzNTZlN2RhODUz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 8.09838
Stock Price 2 days before: 8.23184
Stock Price 1 day before: 7.89448
Stock Price at release: 7.95
Risk-Free Rate at release: 0.0004
| 8.60211 |
Broader Economic Information:
Date: 2022-01-28
Title: AAM to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11
Article: DETROIT, Jan. 28, 2022 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year financial results and other related matters at 10:00 a.m. ET on Friday, February 11, 2022. A press release announcing the results will be issued before the market opens on the same day and will be available at [www.aam.com](http://www.aam.com/). [](https://mma.prnewswire.com/media/526564/AAM_Logo.html) To participate by phone, please dial: (877) 883-0383 from the United States (412) 902-6506 from outside the United States Callers should reference access code 6602864. To participate by live audio webcast or listen to the briefing following the call, visit [investor.aam.com](http://investor.aam.com/). A replay will be available one hour after the call is complete until February 18, 2022. To listen to the replay please dial: (877) 344-7529 from the United States (412) 317-0088 from outside the United States When prompted, callers should enter replay access code 7323464. The audio replay will also be archived on AAM's website for one year. **About AAM:**AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures highly advanced electric propulsion, driveline, and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 18,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit [aam.com](http://aam.com/). \begin{table}{|c|c|} \hline For more information: & \\ \hline Investor Contact & Media Contact \\ \hline David H. Lim & Christopher M. Son \\ \hline Head of Investor Relations & Vice President, Marketing & Communications \\ \hline (313) 758-2006 & (313) 758-4814 \\ \hline [email protected] & [email protected] \\ \hline \end{table} [Cision](https://c212.net/c/img/favicon.png?sn=DE45046&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html](https://www.prnewswire.com/news-releases/aam-to-announce-fourth-quarter-and-full-year-2021-financial-results-on-february-11-301470601.html) SOURCE American Axle & Manufacturing Holdings, Inc.
Date: 2022-01-28
Title: AMSC to Report Third Quarter Fiscal Year 2021 Financial Results on February 2, 2022
Article: AYER, Mass., Jan. 28, 2022 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of the Navy’s fleet, announced today that it plans to release its third quarter fiscal year 2021 financial results after the market close on Wednesday, February 2, 2022. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, February 3, 2022. On this call, management will discuss market trends, and the Company’s recent accomplishments, financial results, and business outlook. Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at [https://www.amsc.com](https://www.globenewswire.com/Tracker?data=fth3W_jVlPEO5vlT-3sfNR8ERIZUsNdXOojHJM-WyLJG1LSHc1yrUt6NS3VTcHKd2NJg4eDolenlVwtMJ1B8eg==). To preregister for the call, go to [ClickToJoin](https://www.globenewswire.com/Tracker?data=zKrIiF2nl3hTNh6wEKiDJYLgYsEfOVSfRo9t0PyMT64XPWqS4nZ-4Nt56Atqm-BnmUrL4VRXgtS0YC0ySkWGUqmOpGbmPLSVk-wkKztavDVvqL9g-F5MxUyZK2xVOwRQSshaerZvligiFh7EO1AjTQdY4D8tza0H3thoS-I58Sg0kS2cX-dhdp0-6kDhj4gGcM4Qrg3Ucs8stJMMSAHbXJHJB5b1UuJCkdutLzlMLqo=). Callers who click on the link will be able to enter their information to gain immediate access to the call and bypass the live operator. Participants may preregister 15 minutes prior to the scheduled start time. The live call can also be accessed by dialing 888-394-8218 or 323-794-2590 and using conference ID 7517785. A replay of the call may be accessed 2 hours following the call by dialing 888-203-1112 or 719-457-0820 and using conference passcode 7517785. **About AMSC (Nasdaq: AMSC)**AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit [www.amsc.com](https://www.globenewswire.com/Tracker?data=oFMItyrdiiLEN9V8ip06My0xGzgbfGB9cuAKlZYCV-gvHmkwdeSj0rPygEkpwB9OtEMWGP71VQ7zPysF-Y4IpQ==). ©2022 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders. \begin{table}{|c|c|} \hline AMSC Contacts & \\ \hline AMSC Communications Manager: & Investor Relations Contact: \\ \hline Nicol Golez & LHA Investor Relations \\ \hline Phone: 978-399-8344 & Carolyn Capaccio, CFA \\ \hline [email protected] & Phone: 212-838-3777 \\ \hline & [email protected] \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI5OSM0Njk5NDAxIzIwMjExMjg=) [Image](https://ml.globenewswire.com/media/NDM5YTRiYmUtY2M3Mi00MzVjLTg5MjctNjQ5ZmUyOGY4NjNjLTEwMzI4NDA=/tiny/AMSC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0e483fa1-6200-4860-bb83-7ad0f5c228e8) Source: AMSC
Date: 2022-01-28
Title: RLJ Lodging Trust Announces 2021 Dividend Income Tax Information
Article: BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the 2021 tax classification of the dividend distributions made to the Company’s holders of its common shares of beneficial interest and Series A Preferred Shares.The income tax classification as expected to be reported on Form 1099-DIV is as follows:Common Stock (CUSIP # 74965L101): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline & & & & & & & & \\ \hline 12/31/2020 & & 1/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 3/31/2021 & & 4/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 6/30/2021 & & 7/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline 9/30/2021 & & 10/15/2021 & & $0.0100 & & $0.0100 & & $0.0100 \\ \hline & & & & & & & & \\ \hline Total & & & & $0.0400 & & $0.0400 & & $0.0400 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} Series A Preferred Stock (CUSIP # 74965L200): \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & & Payment Date & & Total Distribution Per Share & & Total Distribution Allocable to 2021 & & Return of Capital \\ \hline 12/31/2020 & & 1/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 3/31/2021 & & 4/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 6/30/2021 & & 7/30/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline 9/30/2021 & & 10/29/2021 & & $0.4875 & & $0.4875 & & $0.4875 \\ \hline & & & & & & & & \\ \hline Total & & & & $1.9500 & & $1.9500 & & $1.9500 \\ \hline Percent & & & & & & & & 100% \\ \hline \end{table} The information presented above is based on preliminary results and is subject to correction or adjustment when the Company’s filings are completed. The tax information provided should not be construed as tax advice. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment. **About Us** RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.For additional information or to receive press releases via email, please visit our website: [http://www.rljlodgingtrust.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.rljlodgingtrust.com&esheet=52570287&newsitemid=20220128005068&lan=en-US&anchor=http%3A%2F%2Fwww.rljlodgingtrust.com&index=1&md5=eaca7e4752ed806dc845d3536931c954)[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005068r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005068/en/](https://www.businesswire.com/news/home/20220128005068/en/) **Sean Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7777** Source: RLJ Lodging Trust
Date: 2022-01-28
Title: 5 Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
Article: Price-to-earnings (P/E), given its inherent simplicity, is the most commonly used metric in the value investing world. It is preferred by many investors while handpicking stocks trading at attractive prices. However, even this straightforward, broadly used valuation metric has a few limitations.Although P/E enjoys great popularity among value investors, a less-used and more-complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation. **United Natural Foods, Inc.** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **TD SYNNEX Corporation** [SNX](https://www.nasdaq.com/market-activity/stocks/snx), **The Container Store Group, Inc.** [TCS](https://www.nasdaq.com/market-activity/stocks/tcs), **UGI Corporation** [UGI](https://www.nasdaq.com/market-activity/stocks/ugi) and **ArcBest Corporation** [ARCB](https://www.nasdaq.com/market-activity/stocks/arcb) are some stocks with attractive EV-to-EBITDA ratios. **What Makes EV-to-EBITDA a Better Alternative?**EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents.The other component of the multiple, EBITDA, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.Usually, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued.However, unlike the P/E ratio, EV-to-EBITDA takes into account the debt on a company’s balance sheet. Given this reason, EV-to-EBITDA is usually used to value the possible acquisition targets. Stocks with a low EV-to-EBITDA multiple could be seen as potential takeover candidates.Moreover, P/E can’t be used to value a loss-making firm. A firm’s earnings are also subject to accounting estimates and management manipulation. In contrast, EV-to-EBITDA is harder to manipulate and can also be used to value companies that have negative net earnings but are positive on the EBITDA front.EV-to-EBITDA is also a useful yardstick in evaluating the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.But EV-to-EBITDA has its limitations too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa) and is usually not appropriate while comparing stocks in different industries given their diverse capital requirements.Therefore, instead of just relying on EV-to-EBITDA, you can club it with the other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to achieve the desired results. **Screening Criteria** Here are the parameters to screen for value stocks:**EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median:** A lower EV-to-EBITDA ratio represents a cheaper valuation. **P/E using (F1) less than X-Industry Median:** This metric screens stocks that are trading at a discount to their peers. **P/B less than X-Industry Median:** A lower P/B compared with the industry average implies that the stock is undervalued. **P/S less than X-Industry Median:**The lower the P/S ratio, the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. **Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median:**This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. **Average 20-day Volume greater than or equal to 100,000:** The addition of this metric ensures that shares can be traded easily. **Current Price greater than or equal to $5:**This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. **Zacks Rank less than or equal to 2:**No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. ** [Value Score](https://www.zacks.com/style-scores-education/) of less than or equal to B:** Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.Here are five of the 13 stocks that passed the screen:**United Natural Foods** is a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. This Zacks Rank #1 stock has a Value Score of A.United Natural Foods has an expected year-over-year earnings growth rate of 8.8% for the current fiscal year. The Zacks Consensus Estimate for UNFI's current fiscal year earnings has been revised 3.4% upward over the last 60 days. **TD SYNNEX** is a leading business process services company. This Zacks Rank #1 stock has a Value Score of B. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link_invideas&ICID=zpi_1link_invideas)**.TD SYNNEX has an expected year-over-year earnings growth rate of 17.7% for the current fiscal year. The Zacks Consensus Estimate for SNX's current fiscal year earnings has been revised 7.6% upward over the last 60 days. **The Container Store Group** is a leading specialty retailer of storage and organization products and solutions, and custom closets. This Zacks Rank #2 stock has a Value Score of A.The Container Store Group has an expected year-over-year earnings growth rate of 25% for the current fiscal year. TCS beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 101.5%. **UGI** distributes, stores, transports and markets energy products and related services. This Zacks Rank #2 stock has a Value Score of A.UGI has an expected year-over-year earnings growth rate of 9.8% for the current fiscal year. It beat the Zacks Consensus Estimate for earnings in three of the last four quarters. UGI has a trailing four-quarter earnings surprise of roughly 2.4%, on average. **ArcBest** provides freight transportation services and solutions. This Zacks Rank #2 stock has a Value Score of A.ArcBest has expected year-over-year earnings growth of 17.3% for the current year. The consensus estimate for ARCB’s current-year earnings has been revised 3.5% upward over the last 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. ** [Click here to sign up for a free trial to the Research Wizard today](https://woas.zacks.com/zcom/researchwizard/tools3.php?site=ZCOM_RW_IND_ARTICLES)**.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: ** [https://www.zacks.com/performance](https://www.zacks.com/performance)**. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_259_01282022&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [TD SYNNEX Corp. (SNX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SNX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [UGI Corporation (UGI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UGI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Container Store The (TCS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TCS&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [ArcBest Corporation (ARCB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ARCB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_259&cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858837/5-stocks-with-impressive-ev-to-ebitda-ratios-to-scoop-up?cid=CS-NASDAQ-FT-analyst_blog|rw-1858837) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Why Novavax Stock Surged 14% on Friday
Article: **What happened** Any time there's a notable development with the coronavirus, shares of vaccine makers involved in the fight against it tend to rise. That, combined with the announcement of a new supply deal, helped push coronavirus stock **Novavax** [(NASDAQ: NVAX)](https://www.nasdaq.com/market-activity/stocks/nvax) to a nearly 14% gain on Friday. **So what** The deal is an advance purchase agreement between Novavax and Israel's Ministry of Health. Under its terms, the Middle Eastern nation will take 5 million doses of the company's NVX-CoV2373 and holds an option for 5 million more. The financial particulars of the deal were not disclosed. [Person about to receive a vaccine shot from a medical professional. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663607%2Fman-about-to-receive-a-vaccine-shot.jpg&w=700) Image source: Getty Images. The Novavax jab is not yet authorized or approved for use in Israel; so far, the country has only approved fellow [biotech](https://www.fool.com/investing/stock-market/market-sectors/healthcare/biotech-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) **Moderna**'s mRNA-1273 (Spikevax) and Comirnaty from **Pfizer** and **BioNTech**.In its press release on the matter, Novavax wrote that it "will work with the Ministry of Health to obtain the necessary authorizations and finalize plans for distribution in Israel pending regulatory approval."The news comes amid reports of a new variant of the coronavirus similar to omicron. The officially titled omicron BA.2 has been detected in several U.S. states, including California and Texas. Information is still somewhat sparse about it; early findings seem to indicate it might be slightly more transmissible than "original" omicron. **Now what** Novavax is certainly a scrappy competitor in the "Global Coronavirus Vaccine Contest." Comirnaty and mRNA-1273 are the clear front-runners in many regions, but Novavax isn't giving up on being a major jab supplier too. The signing of a new, top-level supply agreement is indisputably good news and makes NVX-CoV2373 an increasingly useful weapon in the world's coronavirus-fighting arsenal. **10 stocks we like better than Novavax** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57) for investors to buy right now... and Novavax wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=61dc881b-4329-4aa4-8f3f-10172ab66bfe&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNovavax&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=2ad43696-be8c-4148-96f6-35e0a333ea57)*Stock Advisor returns as of January 10, 2022 [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool recommends Moderna Inc. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Broader Industry Information:
Date: 2022-01-28
Title: Energy Sector Update for 01/28/2022: CHPT,GLP,MTDR,CVX
Article: Energy stocks added to their prior retreat this afternoon, with the NYSE Energy Sector Index falling 1.4% while the SPDR Energy Select Sector ETF (XLE) was down 1.5%. The Philadelphia Oil-Service Sector index was 0.7% lower but the Dow Jones US Utilities Index was climbing 0.8%. West Texas Intermediate crude oil was $0.21 higher at $86.82 per barrel, giving back most of an earlier 2.6% gain, while global benchmark Brent crude was advancing $0.87 to $90.21 per barrel. Henry Hub natural gas futures extended their recent rebound, adding $0.36 to $4.64 per 1 million BTU following the front-month contract rolling over to March and weekend forecasts for snow and cold in the Northeast US. In company news, Chargepoint Holdings ([CHPT](https://www.nasdaq.com/market-activity/stocks/CHPT))) climbed 8.7% after JPMorgan raised its stock rating for the electric vehicle-charging network to overweight from neutral. Global Partners ([GLP](https://www.nasdaq.com/market-activity/stocks/GLP))) was nearly 1% higher after completing its purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut for an undisclosed amount. In addition to 26 Wheels store locations, the deal included fuel supply agreements with 22 sites. Matador Resources ([MTDR](https://www.nasdaq.com/market-activity/stocks/MTDR))) turned 0.7% higher, reversing a 2% decline, after an S&P Global Ratings upgrade of the oil and natural gas producer to B+ from B, citing expectations for higher commodity prices and the company recently paying down a portion of its existing debt. The outlook is stable, S&P said. Chevron ([CVX](https://www.nasdaq.com/market-activity/stocks/CVX))) fell 3.9% after the energy major reported non-GAAP Q4 net income of $2.56 per share, up from a $0.16 per share profit during the same quarter in 2020 but trailing the Capital IQ consensus looking for it to earn $3.12 per share, excluding one-off items.
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Are Investors Undervaluing These Medical Stocks Right Now?
Article: Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company to watch right now is **AdaptHealth (AHCO)**. AHCO is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.76, while its industry has an average P/E of 23.32. Over the last 12 months, AHCO's Forward P/E has been as high as 34.07 and as low as 10.76, with a median of 17.67.We should also highlight that AHCO has a P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.75. Over the past year, AHCO's P/B has been as high as 9.12 and as low as 1.18, with a median of 1.74.Finally, our model also underscores that AHCO has a P/CF ratio of 6.98. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.89. Within the past 12 months, AHCO's P/CF has been as high as 105.17 and as low as 6.98, with a median of 16.24.If you're looking for another solid Medical - Products value stock, take a look at **Owens & Minor (OMI)**. OMI is a # 2 (Buy) stock with a Value score of A. Owens & Minor is trading at a forward earnings multiple of 12.45 at the moment, with a PEG ratio of 0.53. This compares to its industry's average P/E of 23.32 and average PEG ratio of 1.81.Over the last 12 months, OMI's P/E has been as high as 14.53, as low as 8.74, with a median of 11.51, and its PEG ratio has been as high as 0.85, as low as 0.20, with a median of 0.61.Furthermore, Owens & Minor holds a P/B ratio of 3.57 and its industry's price-to-book ratio is 2.75. OMI's P/B has been as high as 4.66, as low as 2.62, with a median of 3.52 over the past 12 months.These are just a handful of the figures considered in AdaptHealth and Owens & Minor's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AHCO and OMI is an impressive value stock right now. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_510_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [AdaptHealth Corp. (AHCO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=AHCO&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [Owens & Minor, Inc. (OMI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OMI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_510&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859046/are-investors-undervaluing-these-medical-stocks-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_2-1859046)
Date: 2022-01-28
Title: Avanos Medical Inc Shares Near 52-Week Low - Market Mover
Article: Avanos Medical Inc ([AVNS](https://kwhen.com/finance/profiles/AVNS/summary))) shares closed today at 1.8% above its 52 week low of $28.95, giving the company a market cap of $1B. The stock is currently down 16.0% year-to-date, down 37.1% over the past 12 months, and down 23.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 6.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 4.4% lower than its 5-day moving average, 9.8% lower than its 20-day moving average, and 8.9% lower than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 83.6% - The company's stock price performance over the past 12 months lags the peer average by 51.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: SmartFinancial Increases Quarterly Cash Dividend by 17%
Article: KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. **About SmartFinancial, Inc.** SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: [www.smartfinancialinc.com](https://www.globenewswire.com/Tracker?data=NRbKLR42DNIslLJEbTvNLXB5_K1Rw9JUkUDyebi3T0L7CuIUNozb9XOhkRDoVH172PutCZLPv6aQF_Ny1DFFuwa12eIHUYsX-eyFhLhfXns=). **Forward-Looking Statements** This release contains “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as “may,” “depend,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential”, or the negative of these terms or other comparable terminology. Forward-looking statements represent management’s beliefs with regard to the matters addressed, based upon information available at the time the statements are made; they are not guarantees of future performance, and they should they not be relied upon as representing management’s views as of any date subsequent to the date first made. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could affect the forward-looking statements in this release include SmartFinancial’s ability to continue to generate strong earnings and maintain a strong capital position as it faces the challenge of the ongoing COVID-19 pandemic and related variants, the market price of SmartFinancial’s common stock, and other opportunities that SmartFinancial may determine to pursue. Additional factors affecting forward-looking statements can be found in the cautionary language included under the headings “Forward-Looking Statements” and “Risk Factors” in SmartFinancial’s Annual Reports on Form 10-K for the year ended December 31, 2020, and other documents subsequently filed by SmartFinancial with the SEC. No forward-looking statement can be guaranteed. SmartFinancial expressly disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Investor Contacts** Billy CarrollPresident and Chief Executive OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0613 Ron GorczynskiExecutive Vice PresidentChief Financial OfficerSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.437.5724 **Media Contact** Kelley FowlerSenior Vice PresidentPublic Relations/MarketingSmartFinancial, Inc.Email: [ [email protected]](mailto:%C2%[email protected]) Phone: 865.868.0611 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTI2MyM0Njk5MzMxIzIwODE1NDI=) [Image](https://ml.globenewswire.com/media/MDIwYmI0MmItNWRlMS00MDY5LTllMmEtZTI1NzQ3NWQ1YTZkLTEwOTMxMTM=/tiny/SmartFinancial-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/dc3cc8c7-6dbc-4dac-a92e-28569bda1a4d) Source: SmartFinancial, Inc.
Date: 2022-01-28
Title: Columbia Financial, Inc Shares Approach 52-Week High - Market Mover
Article: Columbia Financial, Inc ([CLBK](https://kwhen.com/finance/profiles/CLBK/summary))) shares closed today at 1.9% below its 52 week high of $21.83, giving the company a market cap of $2B. The stock is currently up 2.7% year-to-date, up 37.4% over the past 12 months, and up 39.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 17.2% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. **Technical Indicators** [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) [How Much Do Roofing Services Cost In 2024? HomeBuddy Learn More](http://www.mnbasd77.com/aff_c?offer_id=2904&aff_id=2679&source=Bul&aff_sub=41581344&aff_sub2=nasdaq-nasdaq-1291813&aff_sub3=3974017124_Name&utm_source=taboola&utm_medium=referral&aff_sub5=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4&aff_sub4=gp_h&tblci=GiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4#tblciGiDFmuefc59bpQ-fWJj9GbMqins7fHU8WvOPogEthh7cSCDq7l0ons-6l_H9sZqBATCl7E4) Undo - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by -311.6% - The company's stock price performance over the past 12 months beats the peer average by 372.7% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 401.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Diageo (DEO) 1H FY22 Earnings & Sales Improve on Robust Trends
Article: **Diageo plc** [DEO](https://www.nasdaq.com/market-activity/stocks/deo) reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence (in local currency). This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.DEO’s stock rose 2.8% yesterday, driven by robust first-half fiscal 2022 results, reflecting continued recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains.Shares of this currently Zacks Rank #3 (Hold) player have gained 25.3% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s growth of 6.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/5f/16835.jpg?v=1206670650) Image Source: Zacks Investment Research **1H FY22 Highlights** On a reported basis, net sales increased 15.8%, driven by strong organic growth, partly negated by adverse currency effects. Organic net sales were up 20% year over year. Diageo witnessed double-digit organic sales growth across all five regions.Organic sales in the first half of fiscal 2022 benefited from robust double-digit growth across all regions, backed by an effective marketing and exceptional commercial execution. Organic sales were also aided by a sustained recovery in the on-trade channel, continued strong consumer demand in the off-trade and market share gains. Improved market share was supported by favorable industry trends, with spirits expanding share of the total beverage alcohol and continued premiumization efforts. **Diageo plc Price and Consensus** [](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart)[Diageo plc price-consensus-chart](https://www.zacks.com/stock/chart/DEO/price-consensus-chart?icid=chart-DEO-price-consensus-chart) | [Diageo plc Quote](https://www.nasdaq.com/market-activity/stocks/deo) Organic volume improved 9%. Price/mix grew 11%, contributing to more than half of the net sales growth. Price/mix growth was driven by strength in premium plus brands, recovery in on-trade channel in North America and Europe, and a partial Travel Retail recovery.In North America, Diageo’s largest market, sales accelerated 13% on recovery in on-trade, resilient consumer demand in the off-trade and share gains. Moreover, DEO witnessed sales growth of 27% in Europe, 13% in the Asia Pacific, 23% in Africa and 45% in Latin America and the Caribbean. Strong growth in Greater China and India primarily aided sales growth in the Asia Pacific, while sales continued to recover across the rest of the region. Growth across all markets, particularly in Nigeria and East Africa, aided sales growth in Africa.Diageo also reported substantial growth across most categories, with growth of 56% slated for tequila, 27% for scotch and 22% for beer. Gains in the beer business were driven by growth of Guinness in Ireland, Great Britain and Africa. DEO’s premium plus brands contributed 56% to reported net sales and 74% to organic net sales growth.Reported operating profit improved 22.5% owing to an improved organic operating profit. Reported operating margin expanded 190 basis points (bps). Organic operating profit rose 24.7% year over year, with organic operating margin expanding 131 bps. Organic operating profit gained from growth across all geographies. Organic operating margin growth was aided by a strong recovery in gross margin and operating cost leverage along with higher marketing investments. Moreover, growth was driven by supply productivity savings and price increases, which more than offset the higher cost inflation. **Financials** In the first half of fiscal 2022, Diageo delivered net cash from operating activities of £1.9 billion, marking a decline of £0.1 billion year over year. DEO reported strong free cash flow of £1.6 million, down £0.2 billion from the last-year level due to lapping of strong working capital benefits in the first half of fiscal 2021.Diageo remains committed to its disciplined approach to capital allocation, primarily to enhance its shareholder value. DEO increased the interim dividend 5% to 29.36 pence per share. This reflects its strong liquidity position and confidence in the long-term health of its business.Additionally, Diageo completed £0.5 billion of share repurchases as part of the return of capital program of up to £4.5 billion. As of December 2021, DEO completed £1.9 billion of its £4.5 billion program. DEO plans to accelerate the completion of its return of capital program, which is now expected to be concluded in fiscal 2023. **Looking for Solid Stocks? Check These** We highlighted three better-ranked companies in the Consumer Staples sector, namely **United Natural Foods** [UNFI](https://www.nasdaq.com/market-activity/stocks/unfi), **Helen of Troy** [HELE](https://www.nasdaq.com/market-activity/stocks/hele) and **Medifast** [MED](https://www.nasdaq.com/market-activity/stocks/med) United Natural, a leading distributor of natural, organic and specialty food and non-food products in the United States and Canada, presently flaunts a Zacks Rank #1 (Strong Buy). The UNFI stock has rallied 34% in the past year. You can see [the complete list of today’s Zacks #1 Rank stocks her](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) e.The Zacks Consensus Estimate for United Natural’s sales and EPS for the current financial year suggests growth of 5.1% and 8.8%, respectively, from the corresponding year-ago levels. UNFI has a trailing four-quarter earnings surprise of 35.4%, on average.Helen of Troy, a leading consumer products player, presently sports a Zacks Rank of 1. HELE has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of HELE have declined 15.7% in the past year.The Zacks Consensus Estimate for Helen of Troy’s sales and EPS for the current financial year suggests respective growth of 0.8% and 0.6% from the corresponding year-ago period’s reported figures. HELE has an expected EPS growth rate of 8% for three to five years.Medifast, a leading manufacturer and distributor of clinically-proven healthy living products and programs, presently has a Zacks Rank #2 (Buy). Shares of MED have declined 19.4% in the past year.The Zacks Consensus Estimate for Medifast’s sales and EPS for the current financial year suggests respective growth of 63% and 49.3% from the corresponding year-ago period’s reported figures. FLO has a trailing four-quarter earnings surprise of 17.3%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Diageo plc (DEO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=DEO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [United Natural Foods, Inc. (UNFI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNFI&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Helen of Troy Limited (HELE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HELE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [MEDIFAST INC (MED): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MED&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859346/diageo-deo-1h-fy22-earnings-sales-improve-on-robust-trends?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859346) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Peapack-Gladstone (PGC) Q4 Earnings and Revenues Top Estimates
Article: Peapack-Gladstone (PGC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this bank holding company would post earnings of $0.72 per share when it actually produced earnings of $0.74, delivering a surprise of 2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.Peapack-Gladstone, which belongs to the Zacks Banks - Northeast industry, posted revenues of $56.18 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $46.14 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Peapack-Gladstone shares have lost about 2.4% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Peapack-Gladstone?**While Peapack-Gladstone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/PGC/earnings-calendar), the estimate revisions trend for Peapack-Gladstone: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.73 on $52.69 million in revenues for the coming quarter and $3.09 on $218.15 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First United Corporation (FUNC), is yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.First United Corporation's revenues are expected to be $17.73 million, up 2.7% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [PeapackGladstone Financial Corporation (PGC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [First United Corporation (FUNC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FUNC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859103/peapack-gladstone-pgc-q4-earnings-and-revenues-top-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859103) [Zacks Investment Research](http://www.zacks.com/)
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: BMRC
Security: Bank of Marin Bancorp
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Bank of Marin Bancorp (NASDAQ:BMRC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-29
Article: Readers hoping to buy **Bank of Marin Bancorp** (NASDAQ:BMRC) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase Bank of Marin Bancorp's shares before the 3rd of February to receive the dividend, which will be paid on the 11th of February.The company's next dividend payment will be US$0.24 per share. Last year, in total, the company distributed US$0.96 to shareholders. Last year's total dividend payments show that Bank of Marin Bancorp has a trailing yield of 2.6% on the current share price of $36.95. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. That's why it's good to see Bank of Marin Bancorp paying out a modest 40% of its earnings. Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-bmrc/bank-of-marin-bancorp?blueprint=1875842&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/414400-historic-dividend-1-dark/1643457774411) NasdaqCM:BMRC Historic Dividend January 29th 2022**Have Earnings And Dividends Been Growing?**Stocks with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. If earnings fall far enough, the company could be forced to cut its dividend. That explains why we're not overly excited about Bank of Marin Bancorp's flat earnings over the past five years. Better than seeing them fall off a cliff, for sure, but the best dividend stocks grow their earnings meaningfully over the long run.Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Bank of Marin Bancorp has lifted its dividend by approximately 12% a year on average. **The Bottom Line** Should investors buy Bank of Marin Bancorp for the upcoming dividend? Bank of Marin Bancorp has seen its earnings per share stagnate in recent years, although the company reinvests more than half of its profits in the business, which could bode well for its future prospects. Overall, Bank of Marin Bancorp looks like a promising dividend stock in this analysis, and we think it would be worth investigating further.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example - Bank of Marin Bancorp has [1 warning sign](https://simplywall.st/stocks/us/banks/nasdaq-bmrc/bank-of-marin-bancorp?blueprint=1875842&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) we think you should be aware of. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1875842&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg0Mjo1M2E5ZDE5ZjdkMDYzNzRh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 37.8435
Stock Price 2 days before: 38.0613
Stock Price 1 day before: 37.2347
Stock Price at release: 36.9343
Risk-Free Rate at release: 0.0004
| 34.8271 |
Broader Economic Information:
Date: 2022-01-28
Title: Lowe's, (LOW) Petco's Pilot Store Model to Aid Home & Pet Supply
Article: **Lowe's Companies, Inc.** [LOW](https://www.nasdaq.com/market-activity/stocks/low) has always been making stupendous efforts to make guests’ experience seamless. Recently, this home improvement retailer in collaboration with **Petco Health and Wellness Company, Inc.** [WOOF](https://www.nasdaq.com/market-activity/stocks/woof) unveiled a pilot store-in-store program looking to offer products, services and expertise for home and pets under one roof at its select locations.This first store-in-store concept — Lowe's + Petco — is slated to open at the company’s Alamo Ranch, TX, location in early February. Management intends to introduce 14 more locations in Texas, North Carolina and South Carolina by this March-end.We note that Lowe's + Petco stores will provide a curated assortment of the latter's top-quality pet nutrition, and health and wellness services. The supplies will include Petco's owned brands like WholeHearted, EveryYay, Youly, Leaps & Bounds and So Phresh in addition to several renowned national brands. Products can be availed in store or on Lowes.com via curbside pickup, contactless pickup lockers or at the Customer Service desk at LOW’s pilot locations. Customers can also avail the retailer’s pet-friendly products along with STAINMASTER PetProtect carpet, dog beds, dog doors and cleaning supplies.Amid the pandemic, people have been indulging in pet adoption for a while, leading to rising demand for pet-related products. This new and unique store-in-store concept looks forward to resonate well with the needs of pet parents, offering them healthy pet nutrition and services. Petco's pet care skills, valuable products, and veterinary and grooming services to Lowe's are likely to make homes healthy and happy for pets and their enthusiasts.Bill Boltz, Lowe's executive vice president of merchandising said, "This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof."**What’s More?**Lowe's looks well poised for growth on the back of its technology advancements, merchandise category and strength in Pro business. LOW is steadily benefiting from a strong execution of its strategies, including the Total Home strategy. The strategy is focused on boosting its productivity and enriching the integrated omni-channel shopping experience. It is likely to grab a higher market share across Lowe’s DIY and Pro categories.Lowe’s is focused on enhancing its omni-channel retailing capabilities with respect to in-store operations, website and supply chain to resonate well with its customers’ demand to shop, whenever and wherever they like.Management launched Lowe's' One Roof Media Network, aiming to boost digital advertising. Pro business is a significant driver for Lowe's. Management is continuously strengthening the pro-focused brands and had earlier refurbished the pro-service business website LowesForPros.com.LOW is also on track to build out the Pro power tool accessory program, including launches from Spyder and DEWALT.All the aforesaid initiatives have aided this currently Zacks Rank #3 (Hold) stock to increase 22.7% in the past year compared with its [industry](https://www.zacks.com/stocks/industry-rank/industry/building-products-retail-25)’s 12.1% rally. **2 Picks You Can’t Miss out** Some better-ranked stocks are **Zumiez** [ZUMZ](https://www.nasdaq.com/market-activity/stocks/zumz) and **Tapestry** [TPR](https://www.nasdaq.com/market-activity/stocks/tpr).Zumiez, a global lifestyle retailer, currently flaunts a Zacks Rank #1 (Strong Buy). ZUMZ has a trailing four-quarter earnings surprise of 2,560.4%, on average. You can see see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Zumiez’s fiscal 2022 sales suggests growth of 0.4% from the year-ago fiscal’s reading.Tapestry, the leading accessories’ designer, presently carries a Zacks Rank #2 (Buy). TPR has a trailing four-quarter earnings surprise of 29%, on average.The Zacks Consensus Estimate for Tapestry’s fiscal 2022 sales and earnings per share (EPS) suggests growth of 14.8% and 18.2%, respectively, from the corresponding year-ago period’s levels. TPR has an expected EPS growth rate of 12.3% for three-five years. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zumiez Inc. (ZUMZ): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ZUMZ&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Lowe's Companies, Inc. (LOW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LOW&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WOOF&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Tapestry, Inc. (TPR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TPR&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859340/lowe-s-low-petco-s-pilot-store-model-to-aid-home-pet-supply?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859340) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Steelcase Named "Best Place to Work for LGBTQ Equality"
Article: **Company receives a perfect score on the Human Rights Campaign’s 2022 Corporate Equality Index** GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) has earned a perfect score of 100 points on the Corporate Equality Index, issued by the Human Rights Campaign Foundation, designating the company as one of the “Best Places to Work for LGBTQ Equality” in the U.S. and Mexico. Steelcase has received this top score in eight of the past nine years. “At Steelcase, we believe in creating spaces where everyone feels safe, included and able to participate and are honored our efforts to create an inclusive culture have once again been recognized by the HRC with a perfect score on the Corporate Equality Index,” said Donna Flynn, Steelcase Vice President, Global Talent. “This recognition is for all of our employees who are working hard every day to make Steelcase a great place to work.” The Corporate Equality Index has recognized Steelcase for nine consecutive years for the company’s continued commitment to diversity, equity and inclusion. Over the years, Steelcase has committed to redesigning its hiring and talent systems for more robust diversity outcomes, was a leader in offering partner benefits for all and published a new Global Human & Labor Rights Policy designed to strengthen a culture of inclusion. The company also formalized a people-first approach they've embraced for decades. For more than a century, Steelcase has used its core values to guide corporate decision making and shape company culture, with the understanding that DEI must be woven into the fabric of the employee experience. Steelcase is a global company whose extensive exploration of work and the workplace helps it understand how work is changing and how those changes impact people. By applying user-centered research to imagine new possibilities, Steelcase designs and manufactures products for the world’s leading organizations so people have better experiences at work. The company partners with other leading brands to enrich its portfolio, increasing the range of options it offers to help customers work, learn and heal. **Information about the Corporate Equality Index** The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work. **About Steelcase Inc. **Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit [www.steelcase.com](https://www.globenewswire.com/Tracker?data=1vltbfgEKqI9EKB352bvjolijrDgDFTV76SQAV3wIrwJJcRzXzudcjaMP_JXdS5y289d3Sx0M5VLxMRr9AFp9Q==). \begin{table}{|c|} \hline Media Contact: \\ \hline Katie Woodruff \\ \hline Corporate Communications \\ \hline (616) 915 - 8505 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkyNCM0Njk4MzQ0IzIwMDQ0Mzk=) [Image](https://ml.globenewswire.com/media/ODU0MDQ3MWItZjRlYi00OWQxLWFjM2QtMjRlZDQ0ZjNiNjg1LTEwMTYwMTI=/tiny/Steelcase-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/8639ef32-00b3-4e48-9ceb-c38ee7110167) Source: Steelcase Inc.
Date: 2022-01-28
Title: This Value Stock Is Up 69% in the Past Year; Here's Why I'm Avoiding It
Article: Since the start of 2021, student lender **Navient** [(NASDAQ: NAVI)](https://www.nasdaq.com/market-activity/stocks/navi) has seen its stock run up an eye-popping 69%, crushing the **S&P 500**'s total return of 15% during the same time.Navient is a stock that looks quite cheap, trading at a price-to-earnings ratio (P/E) just under 4. Given its big run-up along with its cheap price, value investors might be tempted to jump on it. However, I'm skeptical of the company and believe value investors are better off looking elsewhere. Here's why. **Navigating uncertainty** Navient's student loan business has faced uncertainty in recent years. Earlier this month the lender settled a decade-old lawsuit brought against it by 38 states. Those states accused the lender of predatory behavior, including steering customers to costly repayment plans rather than more affordable income-based repayment plans. Navient ultimately settled the lawsuit for $1.85 billion, which included canceling $1.7 billion in loans to 66,000 borrowers. In a statement, it denied breaking any laws or causing harm to borrowers, saying the matter was "based on unfounded claims."It was already feeling pain from the pandemic as universities shifted toward remote-learning options, causing enrollments for the 2020-2021 school year to decline nearly 3%. That and student loan repayments, interest, and collections have been on pause since the pandemic began. The Biden administration recently extended this pause on loans through May 1, 2022, after many experts believed it would expire on Jan. 31.On top of that, there have been calls to cancel student loan debt, which is likely why Navient is getting federal loans off its books. In September 2021, it [sold its loan servicing businesses](https://www.fool.com/investing/2021/10/11/this-lender-will-no-longer-service-student-loans/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) related to student loans owned by the U.S. Department of Education to **Maximus**. Federal education loans had accounted for 12% of Navient's net interest income plus other income. [A picture of a $100 bill with a graduation cap on Ben Franklin.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fben-franklin-and-graduation-cap-getty.jpg&w=700) Image source: Getty Images. Since 2014, the company has seen revenue declining steadily, from $3 billion in 2014 down to $1.9 billion in the trailing 12 months through Sept. 30, 2021, representing a drop of 38%. During this same time, net income has gone from $1.1 billion in 2014 down to $913 million in the trailing 12 months. While net income had improved from 2020, when it was only $412 million, it's still not clear what the company's future has in store. **The reason this stock was up big in the past year** Navient's stock price has stayed up because of the company's massive share repurchase program. In October 2019, the company approved a $1 billion multiyear plan to buy back stock. In 2020, it repurchased 30.6 million shares totaling $400 million. Through nine months of 2021, the company repurchased another 26.9 million shares totaling $450 million.If a company buys back shares when its stock is cheap, that can be a good thing. But Navient is buying back shares without improving its fundamentals -- things like revenue and net income -- which makes me skeptical of the company's long-term prospects. From October 2019 through the end of the third quarter in 2021, Navient's share count went from 225 million down to 165 million as a result of share buybacks, a 26% reduction in total shares outstanding.When there are fewer shares available, each represents a larger piece of the underlying business. As a result, metrics like revenue per share and earnings per share (EPS) can look like they are growing, when the fact is they are being propped up by a shrinking share count, which you can see from the chart below. [A chart shows Navient's earnings per share and revenue per share have grown since 2014, while revenue and net income have declined.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662892%2Fnavi-eps-vs-net-income.png&w=700) Image source: ycharts. Navient is trading at a cheap price tag, but it's cheap for a reason. The business hasn't seen any growth in years. This is one situation where the Warren Buffett adage applies: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." If you're on the lookout for [value stocks](https://www.fool.com/investing/stock-market/types-of-stocks/value-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc), there are [much better](https://www.fool.com/investing/2022/01/13/2-bargain-businesses-anybody-can-understand/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) [options for you](https://www.fool.com/investing/2021/08/19/3-value-stocks-that-can-protect-you-from-inflation/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc). **10 stocks we like better than Navient** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc) for investors to buy right now... and Navient wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=9379ec99-ff32-449e-a289-51eff5806283&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNavient&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=0ab86c38-b79c-4f76-94bb-83d667f441cc)*Stock Advisor returns as of January 10, 2022 [Courtney Carlsen](https://boards.fool.com/profile/TMFCourtCarlsen/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: First Week of NKLA March 11th Options Trading
Article: Investors in Nikola Corp (Symbol: NKLA) saw new options begin trading this week, for the March 11th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the NKLA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. The put contract at the $6.50 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $6.50, but will also collect the premium, putting the cost basis of the shares at $5.65 (before broker commissions). To an investor already interested in purchasing shares of NKLA, that could represent an attractive alternative to paying $6.91/share today. Because the $6.50 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=put&contract=6.50). Should the contract expire worthless, the premium would represent a 13.08% return on the cash commitment, or 113.64% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Nikola Corp, and highlighting in green where the $6.50 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of NKLA stock at the current price level of $6.91/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.05% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if NKLA shares really soar, which is why looking at the trailing twelve month trading history for Nikola Corp, as well as studying the business fundamentals becomes important. Below is a chart showing NKLA's trailing twelve month trading history, with the $7.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $7.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=NKLA&month=20220311&type=call&contract=7.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.75% boost of extra return to the investor, or 119.48% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 127%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $6.91) to be 83%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Date: 2022-01-28
Title: First Week of March 18th Options Trading For First Majestic Silver (AG)
Article: Investors in First Majestic Silver Corp (Symbol: AG) saw new options begin trading this week, for the March 18th expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the AG options chain for the new March 18th contracts and identified one put and one call contract of particular interest. The put contract at the $9.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $9.00, but will also collect the premium, putting the cost basis of the shares at $8.35 (before broker commissions). To an investor already interested in purchasing shares of AG, that could represent an attractive alternative to paying $9.39/share today. Because the $9.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=put&contract=9.00). Should the contract expire worthless, the premium would represent a 7.22% return on the cash commitment, or 53.84% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for First Majestic Silver Corp, and highlighting in green where the $9.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $11.00 strike price has a current bid of 37 cents. If an investor was to purchase shares of AG stock at the current price level of $9.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $11.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 21.09% if the stock gets called away at the March 18th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AG shares really soar, which is why looking at the trailing twelve month trading history for First Majestic Silver Corp, as well as studying the business fundamentals becomes important. Below is a chart showing AG's trailing twelve month trading history, with the $11.00 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $11.00 strike represents an approximate 17% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 72%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=AG&month=20220318&type=call&contract=11.00), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.94% boost of extra return to the investor, or 29.38% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 66%, while the implied volatility in the call contract example is 69%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $9.39) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: iStar Announces Tax Treatment of 2021 Dividends
Article: NEW YORK, Jan. 28, 2022 /PRNewswire/ -- iStar (NYSE: STAR) announced the tax treatment of its 2021 common and preferred stock dividends. iStar Common Stock NYSE: STARCUSIP: 45031U-101 \begin{table}{|c|c|c|c|c|c|c|c|c|} \hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\ \hline 03/01/21 & 03/15/21 & $0.1100 & $0.0000 & $0.1100 & $0.0201322 & $0.0000 \\ \hline 06/01/21 & 06/15/21 & 0.1250 & 0.0000 & 0.1250 & 0.0228775 & 0.0000 \\ \hline 09/01/21 & 09/15/21 & 0.1250 & 0.0000 & 0.1250 & 0.0228775 & 0.0000 \\ \hline 12/01/21 & 12/15/21 & 0.1250 & 0.0000 & 0.1250 & 0.0228775 & 0.0000 \\ \hline & & $0.4850 & $0.0000 & $0.4850 & $0.0887647 & $0.0000 \\ \hline & & & & & & & & \\ \hline \end{table} 8.00% Series D Preferred Stock | Liquidation Preference: $25.00 NYSE: STAR prDCUSIP: 45031U-408 \begin{table}{|c|c|c|c|c|c|c|c|} \hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\ \hline 03/01/21 & 03/15/21 & $0.5000 & $0.0000 & $0.5000 & $0.0915102 & $0.0000 \\ \hline 06/01/21 & 06/15/21 & 0.5000 & 0.0000 & 0.5000 & 0.0915102 & 0.0000 \\ \hline 09/01/21 & 09/15/21 & 0.5000 & 0.0000 & 0.5000 & 0.0915102 & 0.0000 \\ \hline 12/01/21 & 12/15/21 & 0.5000 & 0.0000 & 0.5000 & 0.0915102 & 0.0000 \\ \hline & & $2.0000 & $0.0000 & $2.0000 & $0.3660408 & $0.0000 \\ \hline & & & & & & & \\ \hline \end{table} 7.65% Series G Preferred Stock | Liquidation Preference: $25.00 NYSE: STAR prGCUSIP: 45031U-705 \begin{table}{|c|c|c|c|c|c|c|c|} \hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\ \hline 03/01/21 & 03/15/21 & $0.478125 & $0.0000 & $0.478125 & $0.0875066 & $0.0000 \\ \hline 06/01/21 & 06/15/21 & 0.478125 & 0.0000 & 0.478125 & 0.0875066 & 0.0000 \\ \hline 09/01/21 & 09/15/21 & 0.478125 & 0.0000 & 0.478125 & 0.0875066 & 0.0000 \\ \hline 12/01/21 & 12/15/21 & 0.478125 & 0.0000 & 0.478125 & 0.0875066 & 0.0000 \\ \hline & & $1.912500 & $0.0000 & $1.912500 & $0.3500264 & $0.0000 \\ \hline & & & & & & & \\ \hline \end{table} 7.50% Series I Preferred Stock | Liquidation Preference: $25.00 NYSE: STAR prICUSIP: 45031U-804 \begin{table}{|c|c|c|c|c|c|c|c|} \hline Record Date & Payment Date & Distributionper Share & OrdinaryIncome & Capital GainDistribution(Section 897) & UnrecapturedSection 1250Gains & Return ofCapital \\ \hline 03/01/21 & 03/15/21 & $0.46875 & $0.0000 & $0.46875 & $0.0857908 & $0.0000 \\ \hline 06/01/21 & 06/15/21 & 0.46875 & 0.0000 & 0.46875 & 0.0857908 & 0.0000 \\ \hline 09/01/21 & 09/15/21 & 0.46875 & 0.0000 & 0.46875 & 0.0857908 & 0.0000 \\ \hline 12/01/21 & 12/15/21 & 0.46875 & 0.0000 & 0.46875 & 0.0857908 & 0.0000 \\ \hline & & $1.87500 & $0.0000 & $1.87500 & $0.3431632 & $0.0000 \\ \hline & & & & & & & \\ \hline \end{table} Form 1099-DIV box 2a: Pursuant to Treas. Reg. § 1.1061-6(c), the Company is reporting that for purposes of section 1061 of the Internal Revenue Code the One Year Amounts Disclosure and the Three-Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of "applicable partnership interests." • • • iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at [www.istar.com](https://c212.net/c/link/?t=0&l=en&o=3427606-1&h=2292607106&u=http%3A%2F%2Fwww.istar.com%2F&a=www.istar.com). [](https://mma.prnewswire.com/media/515009/iStar_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45884&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/istar-announces-tax-treatment-of-2021-dividends-301470865.html](https://www.prnewswire.com/news-releases/istar-announces-tax-treatment-of-2021-dividends-301470865.html) SOURCE iStar Inc.
Date: 2022-01-28
Title: Kronos Worldwide (KRO) Gains As Market Dips: What You Should Know
Article: Kronos Worldwide (KRO) closed at $14.44 in the latest trading session, marking a +0.07% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq lost 0.12%.Coming into today, shares of the maker of titanium dioxide pigments had lost 3.86% in the past month. In that same time, the Basic Materials sector lost 2.26%, while the S&P 500 lost 7.87%. Wall Street will be looking for positivity from Kronos Worldwide as it approaches its next earnings report date. The company is expected to report EPS of $0.27, up 200% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $489.69 million, up 18.03% from the year-ago period.Investors should also note any recent changes to analyst estimates for Kronos Worldwide. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kronos Worldwide is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, Kronos Worldwide currently has a Forward P/E ratio of 11.54. This represents a discount compared to its industry's average Forward P/E of 12.41. The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_555_01272022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [Kronos Worldwide Inc (KRO): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KRO&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_555&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858736/kronos-worldwide-kro-gains-as-market-dips-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v3-1858736) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: After Hours Most Active for Jan 28, 2022 : QQQ, AAPL, FIXX, PACB, EDAP, MSFT, T, BAC, XOM, BHP, HAL, BTU
Article: The [NASDAQ 100 After Hours Indicator](https://www.nasdaq.com/market-activity/after-hours) is down -13.84 to 14,440.77. The total After hours volume is currently 75,009,434 shares traded.The following are the [most active stocks for the after hours session](https://www.nasdaq.com/market-activity/after-hours): Invesco QQQ Trust, Series 1 ([QQQ](http://www.nasdaq.com/market-activity/funds-and-etfs/QQQ))) is -0.23 at $351.57, with 3,265,435 shares traded. This represents a 18.19% increase from its 52 Week Low. Apple Inc. ([AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL))) is -0.32 at $170.01, with 3,106,348 shares traded. As reported by Zacks, the current mean recommendation for [AAPL](http://www.nasdaq.com/market-activity/stocks/AAPL) is in the "buy range".Homology Medicines, Inc. ([FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX))) is +0.01 at $3.15, with 2,369,193 shares traded. As reported in the last short interest update the days to cover for [FIXX](http://www.nasdaq.com/market-activity/stocks/FIXX) is 11.690169; this calculation is based on the average trading volume of the stock.Pacific Biosciences of California, Inc. ([PACB](http://www.nasdaq.com/market-activity/stocks/PACB))) is -0.07 at $9.99, with 2,039,518 shares traded. [PACB's](http://www.nasdaq.com/market-activity/stocks/PACB) current last sale is 29.38% of the target price of $34.EDAP TMS S.A. ([EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP))) is unchanged at $6.84, with 1,831,848 shares traded. As reported by Zacks, the current mean recommendation for [EDAP](http://www.nasdaq.com/market-activity/stocks/EDAP) is in the "strong buy range".Microsoft Corporation ([MSFT](http://www.nasdaq.com/market-activity/stocks/MSFT))) is -0.26 at $308.00, with 1,417,846 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $2.18. [MSFT's](http://www.nasdaq.com/market-activity/stocks/MSFT) current last sale is 84.85% of the target price of $363.AT&T Inc. ([T](http://www.nasdaq.com/market-activity/stocks/T))) is -0.01 at $25.20, with 1,331,267 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2022. The consensus EPS forecast is $0.8. [T's](http://www.nasdaq.com/market-activity/stocks/T) current last sale is 84% of the target price of $30.Bank of America Corporation ([BAC](http://www.nasdaq.com/market-activity/stocks/BAC))) is -0.08 at $45.79, with 1,089,959 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for [BAC](http://www.nasdaq.com/market-activity/stocks/BAC) is in the "buy range".Exxon Mobil Corporation ([XOM](http://www.nasdaq.com/market-activity/stocks/XOM))) is -0.01 at $75.27, with 953,036 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2021. The consensus EPS forecast is $1.96. [XOM](http://www.nasdaq.com/market-activity/stocks/XOM) is scheduled to provide an earnings report on 2/1/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is 1.96 per share, which represents a 3 percent increase over the EPS one Year Ago BHP Group Limited ([BHP](http://www.nasdaq.com/market-activity/stocks/BHP))) is unchanged at $64.17, with 952,320 shares traded. [BHP's](http://www.nasdaq.com/market-activity/stocks/BHP) current last sale is 87.9% of the target price of $73.Halliburton Company ([HAL](http://www.nasdaq.com/market-activity/stocks/HAL))) is -0.16 at $31.20, with 931,947 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $0.34. As reported by Zacks, the current mean recommendation for [HAL](http://www.nasdaq.com/market-activity/stocks/HAL) is in the "buy range".Peabody Energy Corporation ([BTU](http://www.nasdaq.com/market-activity/stocks/BTU))) is -0.08 at $11.15, with 926,925 shares traded. As reported by Zacks, the current mean recommendation for [BTU](http://www.nasdaq.com/market-activity/stocks/BTU) is in the "buy range".
Date: 2022-01-28
Title: Stepan Co. Shares Close in on 52-Week Low - Market Mover
Article: Stepan Co. ([SCL](https://kwhen.com/finance/profiles/SCL/summary))) shares closed today at 0.2% above its 52 week low of $108.77, giving the company a market cap of $2B. The stock is currently down 11.4% year-to-date, down 6.1% over the past 12 months, and up 47.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 10.5% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 61.5% - The company's stock price performance over the past 12 months lags the peer average by -121.1% - The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -53.9% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Broader Sector Information:
Date: 2022-01-28
Title: Relay Therapeutics Inc Shares Near 52-Week Low - Market Mover
Article: Relay Therapeutics Inc ([RLAY](https://kwhen.com/finance/profiles/RLAY/summary))) shares closed today at 1.1% above its 52 week low of $20.16, giving the company a market cap of $2B. The stock is currently down 33.6% year-to-date, down 63.3% over the past 12 months, and down 41.9% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 51.6% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis - The company share price is the same as the performance of its peers in the Health Care industry sector , lags it on a 1-year basis, and lags it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date lags the peer average by 677.4% - The company's stock price performance over the past 12 months lags the peer average by 343.2% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Date: 2022-01-28
Title: Dime Community (DCOM) Lags Q4 Earnings and Revenue Estimates
Article: Dime Community (DCOM) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this bank holding company would post earnings of $0.81 per share when it actually produced earnings of $1.01, delivering a surprise of 24.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $101.87 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $48.44 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Dime Community shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Dime Community?**While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/DCOM/earnings-calendar), the estimate revisions trend for Dime Community: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $102.06 million in revenues for the coming quarter and $3.53 on $415.88 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. United Bancorporation of Alabama, Inc. (UBAB), another stock in the same industry, has yet to report results for the quarter ended December 2021.This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.United Bancorporation of Alabama, Inc.'s revenues are expected to be $13.18 million, up 43.1% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=DCOM&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [United Bancorporation of Alabama, Inc. (UBAB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=UBAB&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858860/dime-community-dcom-lags-q4-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858860) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Stock Market Correction: Buying These 4 Stocks Right Now Would Be a Genius Move
Article: It's not something investors like to think about, but stock market crashes and corrections [are a normal part of the investing cycle](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) and the price long-term investors pay for admission to one of the world's greatest wealth creators.Over the past couple of weeks, the investment community has been given a stern reminder that stocks can go down just as easily and they move higher. The tech-heavy **Nasdaq Composite** has entered correction territory, while the benchmark **S&P 500** is contending with its worst slide in more than a year. While stock market corrections can be unnerving, they're also, historically, the perfect time to put money to work in the market -- especially if your average holding period is measured in years. Considering the broader market's propensity to head higher over the long run, buying the following four stocks during the current correction would be a genius move. [A financial planner pointing to a bottom in a stock chart displayed on a laptop. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fstock-market-chart-crash-correction-buy-investment-planning-laptop-getty.jpg&w=700) Image source: Getty Images. **Nio** Even though it's impossible for investors to predict when a stock will bottom with any accuracy, it's not nearly as difficult to identify companies with competitive advantages. [Electric vehicle](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (EV) manufacturer **Nio** [(NYSE: NIO)](https://www.nasdaq.com/market-activity/stocks/nio) is one such company that's dazzled Wall Street with its execution and innovation.Like most auto stocks, Nio was held back in the second and third quarters by semiconductor chip shortages. Thankfully, these supply issues have mostly cleared, which paved the way for the company to deliver more than 10,000 EVs in November and December. Nio is currently pacing an annual run rate of 130,000 EVs, but is expected to [reach a run rate of 600,000 EVs by the end of 2022](https://www.fool.com/investing/2022/01/21/5-growth-stocks-with-119-to-409-upside-wall-street/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), according to management. The introduction of three new EVs, along with sales growth from its existing trio of vehicles, should propel sales significantly higher this year.The company's management team also deserves credit for the introduction of the battery-as-a-service (BaaS) program in August 2020. The BaaS program allows buyers to charge, swap, and upgrade the batteries in their EVs. Additionally, enrollment in BaaS lowers the initial purchase price of Nio's EVs. In return, customers are paying a recurring monthly fee to Nio for the BaaS program. The company is effectively forgoing a small percentage of lower-margin near-term sales to generate predictable higher-margin long-term cash flow. Despite Nio losing money as it ramps up production, the recent sell-off in shares represents the [perfect buying opportunity for patient investors](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). [An up-close view of a flowering cannabis plant in an indoor commercial cultivation farm.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcannabis-flower-bud-weed-pot-marijuana-grow-facility-greenhouse-legal-canada-getty.jpg&w=700) Image source: Getty Images. **Trulieve Cannabis** Among [growth stocks](https://www.fool.com/investing/stock-market/types-of-stocks/growth-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828), cannabis companies arguably offer the best value right now. Marijuana stocks have been pummeled for nearly a year, with President Joe Biden and the Democrat-led Congress failing to push any cannabis reform measures into law. But this correction marks an opportune time for investors to buy into a high-quality pot stock like **Trulieve Cannabis** [(OTC: TCNNF)](https://www.nasdaq.com/market-activity/stocks/tcnnf).Trulieve is a multi-state operator (MSO) that's done things a bit different than most seed-to-sale operators. Instead of planting its proverbial flag in as many markets as possible, Trulieve has maintained a core focus on Florida's medical marijuana legal market. Despite operating 160 dispensaries in 11 states, 112 of these stores are located in the Sunshine State. Saturating the Florida market allowed Trulieve to gobble up half of the state's dried flower and oils market share, all while keeping its marketing costs down. The end result is [more than three years of recurring profits](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (and counting).The next step in Trulieve's rapid growth was taken on Oct. 1, 2021, when it closed the largest U.S. pot acquisition in history. The [purchase of MSO Harvest Health and Recreation](https://www.fool.com/investing/2021/08/02/3-top-stocks-thatll-make-you-richer-in-august/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) introduced Trulieve to new markets, as well as gave it the leading position in Harvest Health's home market, Arizona. The Grand Canyon State voted to legalize recreational weed in November 2020 and looks to be on track to eventually reach $1 billion (or more) in annual pot sales. At close to 20 times Wall Street's consensus earnings for 2022, Trulieve is a budding bargain. [A bank employee shaking hands with prospective clients.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fbank-manager-clients-deal-investment-management-branch-getty.jpg&w=700) Image source: Getty Images. **Upstart** Another genius move for long-term investors would be to buy shares of cloud-based lending platform **Upstart** [(NASDAQ: UPST)](https://www.nasdaq.com/market-activity/stocks/upst), which have been taken for a wild ride over the trailing six months. After quadrupling in value in three months, shares are now down nearly 80% from their peak.The big concern for Upstart is that higher lending rates will reduce demand for everything from personal loans to mortgages at the bank level. Since more than 90% of the revenue Upstart brings in comes from banks or servicing fees, there's obvious concern of a lending slowdown.Yet even with this concern on the table, Upstart's [artificial intelligence](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) (AI)-driven lending platform [has all the tools needed](https://www.fool.com/investing/2021/12/22/3-high-growth-stocks-that-crushed-bitcoin-in-2021/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) to continue growing at a double-digit, industry-topping rate. Relying on AI and machine learning to help determine the creditworthiness of loan candidates is resulting in faster approvals and lower costs for lenders. In other words, it's going make Upstart's solutions even more popular among financial institutions. Something else to consider is that Upstart has just begun scratching the surface with the potential for its AI-powered lending platform. Most of its services have historically been focused on personal loans, which is an $81 billion market, according to **TransUnion**. But following the acquisition of Prodigy Software, Upstart [has pushed into auto lending](https://www.fool.com/investing/2021/12/07/pounding-the-table-on-upstart/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828). The total addressable market for auto loans is about eight times the size of personal loans.With Upstart profitable and blowing away Wall Street's profit expectations, it has the look of a no-brainer buy. [A couple meeting with a real estate agent in front of a two-story home. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662491%2Fcouple-meeting-with-real-estate-agent-buy-house-listing-fee-mortgage-getty.jpg&w=700) Image source: Getty Images. **Redfin** A final genius move investors can make during this stock market correction is to buy shares of tech-driven real estate company **Redfin** [(NASDAQ: RDFN)](https://www.nasdaq.com/market-activity/stocks/rdfn).Similar to Upstart, shares of Redfin have been battered on worries of higher interest rates. Since mortgage rates tend to closely mirror the movement of the 10-year Treasury bond, higher rates are likely to quell some homebuying and selling activity. In spite of these concerns, mortgage rates are expected to remain well below their historic average for years to come. While there could be an initial knee-jerk reaction to higher mortgage rates, there will still be plenty of incentive for homebuyers to take the plunge.[What makes Redfin so attractive](https://www.fool.com/investing/2021/08/01/5-stocks-can-turn-50000-into-1-million-by-2040/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) is the cost savings and personalization it can provide, relative to traditional real estate companies. For instance, whereas most realty companies charge a commission/listing fee ranging from 2.5% to 3%, Redfin charges 1% or 1.5%, depending on how much previous business has been done with the company. Based on a median existing home sales price of $358,000 in December 2021, according to the National Association of Realtors, a Redfin seller could be banking more than $7,100 in savings versus a traditional realtor.Aside from cost savings, [Redfin's personalized services](https://www.fool.com/investing/2021/10/08/the-smartest-stocks-to-buy-with-100-right-now/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) are also driving users to the platform. The company's Concierge service helps with staging and projects to maximize the selling value of a home. Meanwhile, its RedfinNow program, which operates in select cities, purchases homes in cash and removes the hassles of selling a property.Expect Redfin to continue gobbling up U.S. existing home sales market share for the foreseeable future. **10 stocks we like better than NIO Inc. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828) for investors to buy right now... and NIO Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50d766ad-f883-43a8-b52d-7a8958e4ba1c&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DNIO%2520Inc.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=05a3702b-15ed-4a2d-aa35-d93e66050828)*Stock Advisor returns as of January 10, 2022 [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends NIO Inc., Redfin, Trulieve Cannabis Corp., and Upstart Holdings, Inc. The Motley Fool recommends the following options: short February 2022 $65 puts on Redfin. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Euronet Worldwide (EEFT) Moves 10.1% Higher: Will This Strength Last?
Article: **Euronet Worldwide** (EEFT) shares rallied 10.1% in the last trading session to close at $133.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% gain over the past four weeks.The fundamental driving factor can be attributed to the fact that Euronet joined the S&P MidCap 400, which will be effective before trading opens on Feb 1. **Compass Minerals International, Inc.** [CMP](https://www.nasdaq.com/market-activity/stocks/cmp) got replaced as a result of Euronet’s inclusion in the S&P MidCap 400. Reasons such as solid performances exhibited by Euronet’s Electronic Funds Transfer, epay and Money Transfer businesses might have acted as tailwinds for the company.This electronic payments and transactions processor is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +19.8%. Revenues are expected to be $807.42 million, up 14.3% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Euronet Worldwide, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EEFT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_535_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3-1858827) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Euronet Worldwide, Inc. (EEFT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EEFT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_535&cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858827/euronet-worldwide-eeft-moves-10-1-higher-will-this-strength-last?cid=CS-NASDAQ-FT-tale_of_the_tape|daily_price_change_3%-1858827) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: San Francisco 49ers Expand Vivid Seats Partnership
Article: **Associate Sponsor of the 49ers 2021 Playoffs to Bring the 'Ultimate Fan Experience'** SANTA CLARA, Calif. and CHICAGO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The San Francisco 49ers and Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced an expansion and extension to their current partnership. Vivid Seats has been the Official Fan Travel Experience Partner of the San Francisco 49ers since 2017 and will continue to serve in that capacity. The new multi-year partnership will continue to provide 49ers fans with access to a collection of travel packages throughout the season, available only on the Vivid Seats marketplace. With the expanded partnership, Vivid Seats will now also serve as the Official Gameday Fan Experience Partner of the San Francisco 49ers providing enhanced gameday fan experiences. Starting next season, Vivid Seats will be the Presenting Partner of Golden Opportunities - the 49ers’ game day experience platform - which will offer 49ers fans the chance to purchase once-in-a-lifetime opportunities at Levi’s Stadium. Such opportunities may include meet-and-greets with renowned 49ers legends, playing catch on the Levi’s Stadium field after a game, traveling with the team, and other unique experiences only the 49ers and Vivid Seats can offer. “The Faithful are world-renowned for their passion to watch the 49ers play in person, regardless of whether that’s at Levi’s® Stadium, at an opposing team’s home city, or internationally when we have played abroad,” said Brent Schoeb, 49ers Chief Revenue Officer. “Vivid Seats always provides a first-rate travel experience for our fans in a manner that will get even better through this expanded relationship with our organization.” “We are proud to continue to serve as an official partner of the San Francisco 49ers and to build on that partnership with such incredible new experiences for fans,” said Geoff Lester, Chief Commercial Officer at Vivid Seats. “Our mission is focused on enabling memorable experiences and becoming the ultimate partner for connecting fans to the live events they love. We look forward to working closely with the 49ers to give our customers and their fans a great gameday experience at Levi’s Stadium and on the road.” The San Francisco 49ers and Vivid Seats are celebrating this new relationship and commemorating the 49ers’ appearance in this weekend’s NFC Championship Game against the Los Angeles Rams by offering 49ers fans the opportunity to win a $1,000 gift card to Vivid Seats. Fans can enter the playoffs sweepstakes by following the 49ers on Instagram, Twitter, and Facebook, or can enter [here](https://www.globenewswire.com/Tracker?data=NPbehElheEDcL1-eL7i1CzScDRxiKT196wrAqwNK4x6rJEyYf8XDTcJcyxIL7q8eXFq23dhNrR53lG0Ks7GLC4T0Bt7rQ4Qs_IMC729HUgQ=), between now and January 28, 2022 at 12:00pm PT. Vivid Seats is an Associate Sponsor of the San Francisco 49ers playoff run this season. Fans of the 49ers who are interested in fan travel packages and experiences with Vivid Seats may access the Vivid Seats marketplace through [www.49ers.com](https://www.globenewswire.com/Tracker?data=5RcW8IKKqr9abDFzrf8QOuUQFF6ghgZREIOHlLtkRGtiFT7Qoia798oEBFND_jfHWaG4JrfeHNOAI352cw2BjUI9sFDBAktfkOPdOvoNXG8=), by visiting [www.vividseats.com](https://www.globenewswire.com/Tracker?data=sQKxiTpHm6cDDkv166FuI2u-xBF2oPfK4mHc2XC8RPUDSCZrUqk_8fX6uyOuEaS5nJ1SplrsDQ4pvrqVBo7T8iamwVyTJZoZTMr0aX3PMe8=), via the Vivid Seats Mobile App or by calling 866-848-8499. **About Vivid Seats:**Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live”, the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to [vividseats.com](http://vividseats.com/), or calling 866-848-8499. **About The San Francisco 49ers:**The San Francisco 49ers, owned by Denise and John York, currently play in the NFC West division and have won five Super Bowl trophies including Super Bowl XVI, XIX, XXIII, XXIV and XXIX. The franchise also has seven conference championships and 20 divisional championships and was the first major league professional sports team to be based in San Francisco 75 years ago. Please visit [49ers.com](http://49ers.com/) and follow the 49ers on Facebook and Twitter @49ers. **Media Contacts:**Roger Hacker – San Francisco 49ers / Levi’s Stadium [[email protected]](https://www.globenewswire.com/Tracker?data=4w7xHBo5PNqz95S37HBTG0OtR2nL0Pr0MBSbjanAcgtfvhTCxNgB6eMBoLvVpn9O4b2TKuX3ZMZu_vaU1sTEIWWLadtHQ0PBn7-hmkHwNq4=) Julia Young – Vivid Seats [[email protected]](https://www.globenewswire.com/Tracker?data=NcpUziAEFAyoNzxfDILWlpb6jrEZ3Lp7avW-B5BNHR0AA6a7mKBR5vzKtMtD9BxAo4AcFC9MGLiSyRu-W0k6h4RjgpLKeLwk-YHn9m-0lNIPzXQ3ZGpg5v7n5KDzQAw_) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTIwMCM0Njk4NzYwIzIwODczMzE=) [Image](https://ml.globenewswire.com/media/NDcyMmI3YWQtNzA0MS00NTQ1LTljNmMtODgxZGMxNGM3N2I3LTEwOTg5MDI=/tiny/Vivid-Seats-LLC.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/b4e7df9b-7e78-47cc-b2d2-d0b690548030) Source: Vivid Seats LLC
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: BWB
Security: Bridgewater Bancshares, Inc.
Related Stocks/Topics: Nasdaq-Listed Companies
Title: Analysts Have Made A Financial Statement On Bridgewater Bancshares, Inc.'s (NASDAQ:BWB) Annual Report
Type: News
Publication: Simply Wall St
Publication Author: Simply Wall St
Date: 2022-01-29
Article: It's been a good week for **Bridgewater Bancshares, Inc.** (NASDAQ:BWB) shareholders, because the company has just released its latest annual results, and the shares gained 4.3% to US$17.99. It was a credible result overall, with revenues of US$110m and statutory earnings per share of US$1.54 both in line with analyst estimates, showing that Bridgewater Bancshares is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/24588031-earnings-and-revenue-growth-1-dark/1643458966018) NasdaqCM:BWB Earnings and Revenue Growth January 29th 2022Taking into account the latest results, the current consensus from Bridgewater Bancshares' three analysts is for revenues of US$123.3m in 2022, which would reflect a decent 12% increase on its sales over the past 12 months. Per-share earnings are expected to rise 3.3% to US$1.63. In the lead-up to this report, the analysts had been modelling revenues of US$123.9m and earnings per share (EPS) of US$1.58 in 2022. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. The consensus price target was unchanged at US$21.33, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Bridgewater Bancshares analyst has a price target of US$22.00 per share, while the most pessimistic values it at US$20.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Bridgewater Bancshares' revenue growth is expected to slow, with the forecast 12% annualised growth rate until the end of 2022 being well below the historical 17% p.a. growth over the last five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.5% annually. So it's clear that despite the slowdown in growth, Bridgewater Bancshares is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Bridgewater Bancshares' earnings potential next year. Fortunately, they also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations. Their estimates also suggest that Bridgewater Bancshares' revenues are expected to perform better than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.With that in mind, we wouldn't be too quick to come to a conclusion on Bridgewater Bancshares. Long-term earnings power is much more important than next year's profits. We have forecasts for Bridgewater Bancshares going out to 2023, and you can [see them free on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-bwb/bridgewater-bancshares?blueprint=1875861&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) You can also see our [analysis of Bridgewater Bancshares' Board and CEO remuneration and experience, and whether company insiders have been buying stock.](https://simplywall.st/stocks/us/banks/nasdaq-bwb/bridgewater-bancshares?blueprint=1875861&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#management) **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTg2MTpmZjUxMWIxOTNiMmE5OGNm)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Stock Price 4 days before: 17.6787
Stock Price 2 days before: 17.6234
Stock Price 1 day before: 17.8067
Stock Price at release: 17.9632
Risk-Free Rate at release: 0.0004
| 17.1549 |
Broader Economic Information:
Date: 2022-01-28
Title: Wall Street Analysts Think PureTech Health PLC Sponsored ADR (PRTC) Could Surge 92%: Read This Before Placing a Bet
Article: **PureTech Health PLC Sponsored ADR** (PRTC) closed the last trading session at $37.85, gaining 2.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $72.67 indicates a 92% upside potential.The average comprises three short-term price targets ranging from a low of $70 to a high of $76, with a standard deviation of $3.06. While the lowest estimate indicates an increase of 84.9% from the current price level, the most optimistic estimate points to a 100.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.However, an impressive consensus price target is not the only factor that indicates a potential upside in PRTC. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. **Here's What You Should Know About Analysts' Price Targets** According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism. **Here's Why There Could be Plenty of Upside Left in PRTC** There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.8%. Moreover, PRTC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive [externally-audited track record](https://www.zacks.com/performance_disclosure/), this is a more conclusive indication of the stock's potential upside in the near term. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/registration/premium/login/?continue_to=/stocks/buy-list&adid=ZCOM_ZP_ARTCAT_TALEOFTAPE_551_012822&icid=blog-tale_of_the_tape|consensus_price_target-ARTCAT|012822-ZP-commentary_blog-text-eoac) Therefore, while the consensus price target may not be a reliable indicator of how much PRTC could gain, the direction of price movement it implies does appear to be a good guide. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_551_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [PureTech Health PLC Sponsored ADR (PRTC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PRTC&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_551&cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859061/wall-street-analysts-think-puretech-health-plc-sponsored-adr-prtc-could-surge-92-read-this-before-placing-a-bet?cid=CS-NASDAQ-FT-tale_of_the_tape|consensus_price_target-1859061) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Caterpillar (CAT) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Article: **Caterpillar Inc.** [CAT](https://www.nasdaq.com/market-activity/stocks/cat) reported fourth-quarter 2021 adjusted earnings per share of $2.69, which surpassed the Zacks Consensus Estimate of $2.22 by a margin of 21%. The bottom line improved 27% from the prior-year quarter. All of its segments witnessed strong end-market demand, which helped counter inflated input costs. A lower-than-expected effective tax rate contributed to the improvement in earnings.Including one-time items, Caterpillar’s earnings per share was $3.91, reflecting a whopping improvement of 175% from the prior-year quarter figure of $1.42. **Revenues Up on High Demand in All Markets** The company’s fourth-quarter revenues of $13.8 billion beat the Zacks Consensus Estimate of $13.3 billion. The top line improved 23% from the year-ago quarter. This upbeat performance was driven by increasing sales volume, courtesy of higher end-user demand for equipment and services, favorable price realization, and the impact of change in dealer inventories. Sales increased across all of its three segments. **Caterpillar Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart)[Caterpillar Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/CAT/price-consensus-eps-surprise-chart?icid=chart-CAT-price-consensus-eps-surprise-chart) | [Caterpillar Inc. Quote](https://www.nasdaq.com/market-activity/stocks/cat)**Inflated Costs Hurt Margins** In the quarter under review, cost of sales increased 28.5% year over year to $10 billion. Manufacturing costs were higher in the quarter due to inflated material costs and freight costs. Gross profit improved 10% year over year to $3.8 billion, primarily on the back of improved sales, which negated the impact of higher costs. Gross margin was 27.5% in the quarter under review compared with 30.7% in the prior-year quarter.Selling, general and administrative (SG&A) expenses increased 17% year over year to around $1,422 million. Research and development (R&D) expenses climbed 17% to $439 million. Both SG&A and R&D expenses in the quarter were up year over year due to higher short-term incentive compensation expenses, higher labor costs due to increased headcount and investments associated with the company's strategy for profitable growth, including acquisition-related expenses.Adjusted operating profit in the quarter increased 10% year over year to $1,577 million. Increased volumes and favorable price realization were instrumental in driving the improved performance. These gains were partially negated by higher SG&A and R&D expenses, and inflated manufacturing costs. Adjusted operating margin was 11.4% in the reported quarter down from 12.8% in the prior-year quarter. **Segment Performances Backed by High Demand** Machinery and Energy & Transportation (ME&T) sales rose 24% year over year to $13 billion in the quarter under review. Construction Industries sales were up 27% year over year to $5.7 billion owing to increased sales volumes reflecting improving end-user demand, the impact from changes in dealer inventories and favorable price realization. Sales growth in other regions helped offset the 12% lower sales in the Asia Pacific, which was primarily dragged down by China.Sales at Resource Industries surged 27% year over year to around $2.8 billion on higher sales volume backed by higher end-user demand for equipment and aftermarket parts, and favorable price realization. The segment witnessed increased demand in mining, heavy construction and quarry and aggregates.Sales of the Energy & Transportation segment in the quarter were around $5.7 billion, reflecting growth of 19% from the prior-year quarter as sales were up in all applications.The ME&T segment reported an operating profit of $1,475 million, which reflected an improvement of 13% year over year. The Construction Industries segment witnessed a 25% growth in operating profit to $788 million, courtesy of higher volume and favorable price realization that offset higher manufacturing costs, and SG&A and R&D expenses.The Resource Industries segment’s operating profit improved 12% year over year to $305 million in the quarter under review as higher sales volume and favorable price realization partially offset inflated manufacturing costs and SG&A/R&D expenses. The Energy & Transportation segment’s operating profit declined 2% year over year to $675 million as increasing manufacturing and SG&A/R&D expenses negated the gains from higher sales volumes.Financial Products’ revenues climbed 4% to $776 million from the prior-year quarter. Financial Products' profits were $248 million in the reported quarter — an improvement of 27% year over year. **Strong Cash Position** In 2021, the company’s operating cash flow was $7.2 billion compared with $6.3 billion in the prior year. The company returned $5 billion to shareholders through dividends and share repurchases through the year and ended 2021 with cash and equivalents of $9.25 billion. **Fiscal 2021 Performance** For fiscal 2021, Caterpillar’s adjusted earnings was $10.81, which surpassed the Zacks Consensus Estimate of $10.34. It marked a 50% improvement from last year reflecting higher end-user demand for equipment and services and the impact from changes in dealer inventories. Including one-time items, the company’s earnings was $11.83 per share in fiscal 2021 compared with $5.46 in fiscal 2020.Total revenues advanced 22% year over year to around $51 billion, ahead of the Zacks Consensus Estimate of $50.5 billion. **Price Performance** [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/30/16807.jpg?v=751341382) Image Source: Zacks Investment ResearchOver the past year, Caterpillar stock has gained 15.1%, compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s growth of 16.2%. **Zacks Rank & Stocks to Consider** Caterpillar currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are **MRC Global** [MRC](https://www.nasdaq.com/market-activity/stocks/mrc), **Titan International** [TWI](https://www.nasdaq.com/market-activity/stocks/twi) and **Sealed Air Corporation** [SEE](https://www.nasdaq.com/market-activity/stocks/see). While MRC and TWI flaunt a Zacks Rank #1 (Strong Buy), SEE carries a Zacks Rank #2 (Buy). You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/registration/premium/login/?continue_to=%2Fstocks%2Fbuy-list%2F%3FADID%3Dzp_1link%26ICID%3Dzpi_1link)**.MRC Global has an estimated earnings growth rate of around 212% for fiscal 2022. In the past 90 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised 11% upward.In a year, MRC Global’s shares have gained 5%. MRC has a trailing four-quarter earnings surprise of 61.7%, on average.Titan International has an expected earnings growth rate of 163% for 2022. The Zacks Consensus Estimate for current-year earnings has moved north by 19% in the past 60 days.Titan International’s shares have surged 41% in the past year. TWI has a trailing four-quarter earnings surprise of 32.1%, on average.Sealed Air has a projected earnings growth rate of 16.8% for the current year. The Zacks Consensus Estimate for 2022 earnings has moved north by 4% in the past 90 days.SEE’s shares have appreciated 53% in a year. Sealed Air has a trailing four-quarter earnings surprise of 6.5%, on average. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Caterpillar Inc. (CAT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CAT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Sealed Air Corporation (SEE): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SEE&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Titan International, Inc. (TWI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TWI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [MRC Global Inc. (MRC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859110/caterpillar-cat-q4-earnings-sales-beat-estimates-up-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859110) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: LTC Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast
Article: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE:LTC) will release fourth quarter earnings on Thursday, February 17, 2022 after market close.LTC will conduct a conference call on Friday, February 18, 2022 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the performance and operating results for the quarter ended December 31, 2021. **Conference Call** Interested parties may access the live conference call via the following: \begin{table}{|c|c|c|c|} \hline Webcast & & & www.LTCReit.com \\ \hline USA Toll-Free Number & & & 1-844-200-6205 \\ \hline Canada Toll-Free Number & & & 1-833-950-0062 \\ \hline Conference Access Code & & & 441550 \\ \hline \end{table} **Conference Call Replay** A replay of the call will be available one hour after the live call and through March 4, 2022. \begin{table}{|c|c|c|c|} \hline USA Toll-Free Number & & & 1-866-813-9403 \\ \hline Canada Local Number & & & 1-226-828-7578 \\ \hline Conference Access Code & & & 188544 \\ \hline \end{table} An audio replay of the conference call and the Company’s earnings release and supplemental information package for the current period will be available on the Company’s website at: [https://ir.ltcreit.com/Investors](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.ltcreit.com%2Finvestors%2Finvestor-information%2Fpresentations%2Fdefault.aspx&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=https%3A%2F%2Fir.ltcreit.com%2FInvestors&index=2&md5=e373413be8e6199884d983987a3ced87). **About LTC Properties** LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC owns or holds first mortgages on 190 properties in 27 states with 33 operating partners. Based on LTC’s gross real estate investments, the portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at [www.LTCreit.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.LTCreit.com&esheet=52568629&newsitemid=20220128005003&lan=en-US&anchor=www.LTCreit.com&index=3&md5=0b8ff87cf9e1da8e950b5d810682b3da). **Forward Looking Statements** This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005003r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005003/en/](https://www.businesswire.com/news/home/20220128005003/en/) Wendy L. Simpson Pam Kessler (805) 981-8655 Source: LTC Properties, Inc.
Date: 2022-01-28
Title: Boyd Gaming (BYD) Launches Sports Betting in Louisiana
Article: Following the legalization of sports betting outside Nevada, gaming companies are steadily expanding sports betting presence in the United States. The recent partnership between **Boyd Gaming Corporation** [BYD](https://www.nasdaq.com/market-activity/stocks/byd) and FanDuel Group to introduce FanDuel Sportsbook in the state of Louisiana is a testament to the same.Sport betting lovers can enjoy now five new FanDuel Sportsbook retail experiences at Boyd Gaming properties across the state of Louisiana — Delta Downs in Vinton; Evangeline Downs in Opelousas; Treasure Chest in Kenner, near New Orleans; Sam's Town in Shreveport; and Amelia Belle in Amelia.During the third quarter of 2019, the company partnered with FanDuel Group and opened sports books at Blue Chip, Belterra Resort, Diamond Jo Dubuque and Diamond Jo Worth properties in the Midwest. It introduced a market-leading mobile app in Pennsylvania. Encouraged by its performance in Pennsylvania and New Jersey, FanDuel launched its mobile betting app in the state of Indiana. During the second quarter of 2020, the company expanded its partnership with FanDuel Group, which includes retail sports books at seven Boyd properties, mobile sports betting apps in Pennsylvania and Indiana, and the online gaming site in Pennsylvania. During the third quarter of 2020, Boyd Gaming continued to expand its partnership with FanDuel Group, thereby launching mobile sports betting products in Illinois and Iowa.Legalization of sports betting in additional states bodes well. Apart from FanDuel, the company continues to focus on the Stardust brand to expand its online gaming presence.Shares of this Zacks Rank #3 (Hold) company have gained 27.8% in the past year, against the [industry](https://www.zacks.com/stocks/industry-rank/industry/gaming-200)’s decline of 22.4%. Since the outbreak of coronavirus, Boyd Gaming has been witnessing solid performance by the interactive gaming platform. Thanks to the strategic partnership with FanDuel, the company is optimistic regarding its future in the iGaming industry.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/d4/16837.jpg?v=516107418) Image Source: Zacks Investment Research **Key Picks** Some better-ranked stocks from the Zacks [Consumer Discretionary](https://www.zacks.com/stocks/industry-rank/sector/consumer-discretionary-2) sector are **Crocs, Inc.** [CROX](https://www.nasdaq.com/market-activity/stocks/crox), **RCI Hospitality Holdings, Inc.** [RICK](https://www.nasdaq.com/market-activity/stocks/rick) and **Guess, Inc.** [GES](https://www.nasdaq.com/market-activity/stocks/ges). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 33.9% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.7% and 23.2%, respectively, from the year-ago period’s levels.RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 73.4% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 2.3% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_257_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Guess, Inc. (GES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Boyd Gaming Corporation (BYD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BYD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [Crocs, Inc. (CROX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CROX&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RICK&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_257&cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859115/boyd-gaming-byd-launches-sports-betting-in-louisiana?cid=CS-NASDAQ-FT-analyst_blog|company_news_-_corporate_actions-1859115)
Date: 2022-01-28
Title: First Week of April 14th Options Trading For Vir Biotechnology
Article: Investors in Vir Biotechnology Inc (Symbol: VIR) saw new options become available this week, for the April 14th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 76 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At [Stock Options Channel](https://www.stockoptionschannel.com/), our YieldBoost formula has looked up and down the VIR options chain for the new April 14th contracts and identified one put and one call contract of particular interest. The put contract at the $30.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $25.70 (before broker commissions). To an investor already interested in purchasing shares of VIR, that could represent an attractive alternative to paying $31.39/share today. Because the $30.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=put&contract=30.00). Should the contract expire worthless, the premium would represent a 14.33% return on the cash commitment, or 68.88% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Vir Biotechnology Inc, and highlighting in green where the $30.00 strike is located relative to that history: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Turning to the calls side of the option chain, the call contract at the $32.50 strike price has a current bid of $4.60. If an investor was to purchase shares of VIR stock at the current price level of $31.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $32.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.19% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if VIR shares really soar, which is why looking at the trailing twelve month trading history for Vir Biotechnology Inc, as well as studying the business fundamentals becomes important. Below is a chart showing VIR's trailing twelve month trading history, with the $32.50 strike highlighted in red: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Considering the fact that the $32.50 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the [contract detail page for this contract](https://www.stockoptionschannel.com/symbol/?symbol=VIR&month=20220414&type=call&contract=32.50), Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.65% boost of extra return to the investor, or 70.42% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 103%, while the implied volatility in the call contract example is 101%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $31.39) to be 95%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. [Top YieldBoost Calls of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/top-yieldboost-calls-of-the-spx/)
Broader Industry Information:
Date: 2022-01-28
Title: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)
Article: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Broader Sector Information:
Date: 2022-01-28
Title: Best Value Stocks to Buy for January 28th
Article: Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 28th:**Asbury Automotive Group** [ABG](https://www.nasdaq.com/market-activity/stocks/abg): This one of the largest automotive retailers carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. **Asbury Automotive Group, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart)[Asbury Automotive Group, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ABG/price-consensus-chart?icid=chart-ABG-price-consensus-chart) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg) Asbury Automotive Group has a price-to-earnings ratio (P/E) of 5.42, compared with 7.00 for the industry. The company possesses a [Value Score](https://www.zacks.com/style-scores-education/) of A. **Asbury Automotive Group, Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm)[Asbury Automotive Group, Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ABG/fundamental/pe-ratio-ttm?icid=chart-ABG-fundamental/pe-ratio-ttm) | [Asbury Automotive Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/abg)**OneWater Marine** [ONEW](https://www.nasdaq.com/market-activity/stocks/onew): This premium recreational boat retailers principally in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.9% over the last 60 days. **OneWater Marine Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart)[OneWater Marine Inc. price-consensus-chart](https://www.zacks.com/stock/chart/ONEW/price-consensus-chart?icid=chart-ONEW-price-consensus-chart) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew) OneWater Marine has a price-to-earnings ratio (P/E) of 5.88, compared with 32.10 for the industry. The company possesses a Value Score of A. **OneWater Marine Inc. PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm)[OneWater Marine Inc. pe-ratio-ttm](https://www.zacks.com/stock/chart/ONEW/fundamental/pe-ratio-ttm?icid=chart-ONEW-fundamental/pe-ratio-ttm) | [OneWater Marine Inc. Quote](https://www.nasdaq.com/market-activity/stocks/onew)**Lennar** [LEN](https://www.nasdaq.com/market-activity/stocks/len): This company engaged in homebuilding and financial services in the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. **Lennar Corporation Price and Consensus** [](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart)[Lennar Corporation price-consensus-chart](https://www.zacks.com/stock/chart/LEN/price-consensus-chart?icid=chart-LEN-price-consensus-chart) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) Lennar has a price-to-earnings ratio (P/E) of 5.89, compared with 7.00 for the industry. The company possesses a Value Score of A. **Lennar Corporation PE Ratio (TTM)** [](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm)[Lennar Corporation pe-ratio-ttm](https://www.zacks.com/stock/chart/LEN/fundamental/pe-ratio-ttm?icid=chart-LEN-fundamental/pe-ratio-ttm) | [Lennar Corporation Quote](https://www.nasdaq.com/market-activity/stocks/len) See the [ full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).Learn more about the [Value score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/value-trading). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ZACKS1RANKADDITIONS_268_01282022&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Lennar Corporation (LEN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ABG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [OneWater Marine Inc. (ONEW): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ONEW&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ZACKS1RANKADDITIONS_268&cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [To read this article on Zacks.com click here.](http://www.zacks.com/commentary/1858842/best-value-stocks-to-buy-for-january-28th?cid=CS-NASDAQ-FT-zacks_1_rank_additions|value_additions-1858842) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Northwest Bancshares, Inc. (NASDAQ:NWBI) Looks Interesting, And It's About To Pay A Dividend
Article: **Northwest Bancshares, Inc.** (NASDAQ:NWBI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Northwest Bancshares' shares before the 2nd of February to receive the dividend, which will be paid on the 14th of February.The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Last year's total dividend payments show that Northwest Bancshares has a trailing yield of 5.7% on the current share price of $14.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Northwest Bancshares has been able to grow its dividends, or if the dividend might be cut. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Northwest Bancshares paid out 62% of its earnings to investors last year, a normal payout level for most businesses. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click [here to see the company's payout ratio, plus analyst estimates of its future dividends.](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq#current-dividend-payout)[historic-dividend](https://images.simplywall.st/asset/chart/345724-historic-dividend-1-dark/1643368012003) NasdaqGS:NWBI Historic Dividend January 28th 2022**Have Earnings And Dividends Been Growing?**Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. Fortunately for readers, Northwest Bancshares's earnings per share have been growing at 14% a year for the past five years.Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Northwest Bancshares has delivered an average of 6.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. **Final Takeaway** Is Northwest Bancshares worth buying for its dividend? Earnings per share are growing at an attractive rate, and Northwest Bancshares is paying out a bit over half its profits. We think this is a pretty attractive combination, and would be interested in investigating Northwest Bancshares more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. [We've identified 2 warning signs with Northwest Bancshares (at least 1 which can't be ignored)](https://simplywall.st/stocks/us/banks/nasdaq-nwbi/northwest-bancshares?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary), and understanding these should be part of your investment process. A common investment mistake is buying the first interesting stock you see. Here you can find [a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.](https://simplywall.st/discover/investing-ideas/23485/great-dividend-ideas?blueprint=1874835&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDgzNTphZjQ4YzBhMjA4ZjAwNDUy)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-29
Title: Danaos Corporation Shares Climb 3.0% Past Previous 52-Week High - Market Mover
Article: Danaos Corporation ([DAC](https://kwhen.com/finance/profiles/DAC/summary))) shares closed 3.0% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 15.1% year-to-date, up 251.6% over the past 12 months, and up 136.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. **Trading Activity** - Trading volume this week was 74.7% higher than the 20-day average. - Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. **Technical Indicators** - The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. - MACD, a trend-following momentum indicator, indicates a downward trend. - The stock closed above its Bollinger band, indicating it may be overbought. - The stock closed at 10.2% higher than its 5-day moving average, 19.5% higher than its 20-day moving average, and 24.0% higher than its 90-day moving average. **Market Comparative Performance** - The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis - The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis - The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis **Per Group Comparative Performance** - The company's stock price performance year-to-date beats the peer average by 1433.3% - The company's stock price performance over the past 12 months beats the peer average by 142.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at [finance.kwhen.com](https://finance.kwhen.com/). Write to [[email protected]](mailto:[email protected]). © 2020 Kwhen Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Last Article for Current Stock:
Symbol: MCS
Security: The Marcus Corporation
Related Stocks/Topics: CNK|Markets|AMC|DIS|NFLX|AMZN
Title: Why Movie Theaters Could Be the Next Big Acquisition Target
Type: News
Publication: The Motley Fool
Publication Author: Collin Brantmeyer
Date: 2022-01-29
Article: After a [flurry of acquisitions in the gaming industry](https://www.fool.com/investing/2022/01/18/why-activision-blizzard-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), investors looking to get ahead of future deals may be wondering which industry faces consolidation next. The answer could lie in movie theaters. ****Decree decreased****In 1948, the Supreme Court ruled in United States v. Paramount Pictures, Inc. that studios cannot own theaters due to antitrust laws. However, a federal judge granted The Department of Justice's motion to lift the "Paramount Decree" on August 7, 2020, starting a two-year sunset termination period. After the decree ends in August 2022, movie studios like **Disney** [(NYSE: DIS)](https://www.nasdaq.com/market-activity/stocks/dis) may look to enter the theatrical distribution business the quickest way possible: acquiring movie theater operators. [Smiling people watch a movie in a theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663617%2Fpeople-watching-movie-theater.jpeg&w=700) Image source: Getty Images. But why would studios acquire cineplexes when streaming is on the rise and brick-and-mortar movie exhibitors are struggling? For starters, blockbusters likeSpider-Man: No Way Home are still making money at the box office -- raking in $1.69 billion worldwide to date. And instead of making 55% to 60% of the gross ticket sales, a studio could take the full 100%. Just 1% extra on a billion-dollar blockbuster would earn a studio an extra $10 million.Alternatively, streaming services could get creative with their subscriptions by releasing blockbusters early or including tickets as part of its value proposition. Notably, **Amazon.com** and **Netflix** [(NASDAQ: NFLX)](https://www.nasdaq.com/market-activity/stocks/nflx) don't have to comply with the "Paramount Decree" because "they didn't exist when the decrees were signed." In fact, Netflix already purchased Grauman's Egyptian Theatre in 2020. Disney purchased the El Capitan Theatre in the 1980s, but that required court proceedings at the time of purchase -- which will no longer be the case come August. ****Potential targets******AMC Entertainment** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) is the world's largest cinema chain, owning roughly 950 theatres, and its enterprise value -- deserved or not -- reflects that at roughly $16.7 billion. AMC gains some competitive advantage from its broader reach in international markets compared to its competitors, with approximately a third of its theatres in Europe and the Middle East. Since most blockbusters gross more money internationally -- Spider Man: No Way Homehas made roughly 57% of its box office returns outside of the U.S. -- AMC may be a more attractive target than its domestically concentrated competitors. Outside of AMC, publicly traded movie theater companies like **Cinemark** [(NYSE: CNK)](https://www.nasdaq.com/market-activity/stocks/cnk) and **The Marcus Corporation** [(NYSE: MCS)](https://www.nasdaq.com/market-activity/stocks/mcs) have been struggling over the past couple of years -- largely because of the pandemic.Cinemark, at a $5.1 billion enterprise value, is a pure movie theater play, owning 524 theatres in the U.S. and Latin America. The Marcus Corporation, at a $1 billion enterprise value, owns or operates 85 theatres primarily in the Midwestern United States, but also owns or manages 19 hotels. Unlike [AMC's "meme stock" rise](https://www.fool.com/investing/2021/12/22/why-meme-stock-amc-entertainment-may-have-an-ongoi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), both Cinemark and The Marcus Corporation have seen their stocks cut in nearly half since the beginning of the pandemic, making both attractive to potential acquirers. ****Why it might not happen****The movie theater business is in decline, and the top chains carry massive debt. Cinemark's total debt has ballooned from $2 billion to $3.9 billion over the past three years. And while AMC has been able to pay down some of its nearly $11 billion total debt by issuing more than 400 million new shares over the last two fiscal years, it still might be a tough pill for an acquirer to swallow.Even before the pandemic, the theater industry sold 200 million fewer domestic tickets in 2019 compared to its highs in the early oughts. While movie theaters have been raising prices for years to compensate for the drop in ticket sales, there are no guarantees that moviegoers will return, especially as the pandemic seemingly continues into its third year. In fact, when CivicScience recently polled 60,000 Americans, 71% responded that they preferred watching something at home over going out to a movie.Still, as streaming grows in popularity, studios covet box office sales. This year, HBO Max ended same-day releases for its Warner Bros. theatrical releases, creating a 45-day window of theatrical exclusivity. No example may be more telling than Paramount delaying the release of Top Gun: Maverickfive times -- while reportedly refusing to sell the film to AppleTV+ and Netflix -- to see that its tentpole franchise has the opportunity to have a proper box office run. ****What's next****If movie theaters are able to replicate the success of Spider Man: No Way Homein the first half of 2022 with slated blockbuster releases like The Batmanand Top Gun: Maverick, don't be surprised if studios like Disney or the [soon-to-be Warner Bros. Discovery](https://www.fool.com/investing/2021/07/29/2-big-changes-happening-at-hbo-max/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) can't resist a larger piece of their billion-dollar franchises' pie. Watch their actions closely after the "Paramount Decree" sunsets in August -- or even sooner, if Amazon and Netflix want to take advantage of a loophole.As far as the most likely target, Cinemark appears to be the most attractive. While Cinemark doesn't offer the market penetration of AMC, its presence in Latin America could be attractive as Latin influences on Hollywood grow. And each Cinemark theatre works out to $9.7 million of the company's enterprise value -- the best and lowest per-theater value among its competitors. **10 stocks we like better than Cinemark Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) for investors to buy right now... and Cinemark Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Collin Brantmeyer](https://boards.fool.com/profile/CMFMoneyBall/info.aspx) owns Amazon, Netflix, and Walt Disney. The Motley Fool owns and recommends Amazon, Netflix, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 16.4471
Stock Price 2 days before: 16.6519
Stock Price 1 day before: 16.1104
Stock Price at release: 16.2354
Risk-Free Rate at release: 0.0004
| 17.7137 |
Broader Economic Information:
Date: 2022-01-29
Title: Got $3,000? 5 Unstoppable Stocks to Buy as the Market Corrects Lower
Article: In case you've forgotten, stocks [can go down just as easily as they can rise](https://www.fool.com/investing/2022/01/22/10-reasons-the-stock-market-could-crash-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). Since the year began, Wall Street and investors have contended with the steepest corrections in both the tech-heavy **Nasdaq Composite** and broad-based **S&P 500** since 2020.Although the heightened volatility associated with crashes and corrections can be unnerving at times, every notable move lower in the stock market throughout history has represented a buying opportunity for patient investors. Best of all, you don't need a mountain of cash to take advantage of these opportunities as the market corrects lower. If you have $3,000 ready to invest, which won't be needed to pay bills or cover emergencies, this is more than enough to buy into the following five unstoppable stocks. [Stack of hundred dollar bills set atop a declining stock market chart. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fstock-market-chart-correction-crash-pullback-cash-money-invest-getty.jpg&w=700) Image source: Getty Images. **Alphabet** The first unstoppable stock investors can confidently buy as the market heads lower is **Alphabet** [(NASDAQ: GOOG)](https://www.nasdaq.com/market-activity/stocks/goog)[(NASDAQ: GOOGL)](https://www.nasdaq.com/market-activity/stocks/googl), the parent company of internet search engine Google and streaming platform YouTube.Alphabet is arguably [best known for its internet search dominance](https://www.fool.com/investing/2021/07/17/whos-ready-for-stock-market-crash-3-stocks-to-buy/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). In December, it controlled nearly 92% of global search engine market share, and has consistently held between 91% and 93% share of internet search going back two years, according to data from GlobalStats. This complete dominance makes it the go-to for advertisers looking to get their message in front of targeted users. In turn, it gives Google (and therefore, Alphabet) exceptional ad pricing power.But Alphabet's future [relies on more than just being the internet search kingpin](https://www.fool.com/investing/2021/10/16/safest-stocks-to-buy-if-theres-stock-market-crash/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). The company's ancillary segments, like YouTube and cloud infrastructure service division Google Cloud, provide faster growth than internet search advertising, as well as juicier margin potential. YouTube and Cloud grew year-over-year sales by 43% and 45%, respectively, in the September-ended quarter, and they've consistently generated revenue growth of between 40% and 50% over the past two years. Cloud is expected to play a particularly important role in beefing up Alphabet's operating cash flow by mid-decade. Even though Alphabet hasn't retraced as much as other growth stocks, it's already inexpensive at 23 times Wall Street's consensus earnings for 2022. [A gloved processor using scissors to trim a cannabis bud. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fcannabis-bud-trim-cut-process-weed-pot-marijuana-medical-recreational-getty.jpg&w=700) Image source: Getty Images. **Planet 13 Holdings** Another unstoppable stock with the ability to show investors the green is weed company **Planet 13 Holdings** (OTC: PLNH.F).I know what you're probably thinking, and it's true: [Marijuana stocks](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) have been a buzzkill over the past year. The expectation was for the Democrat-led Congress to reform cannabis laws at the federal level, which hasn't happened. Thankfully, multi-state operators like Planet 13 don't require federal legalization to thrive.What makes this company so unique is [its focus on the customer experience](https://www.fool.com/investing/2022/01/03/22-stocks-that-could-double-your-money-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It only has two operating dispensaries, but both are hard to miss. There's the 112,000-square-foot flagship SuperStore just west of the Las Vegas Strip in Nevada, and the more recently opened Orange County SuperStore in Santa Ana, California, which spans 55,000 square feet. These stores provide unparalleled selection and plenty of cannabis-related nostalgia. Planet 13 is also having success promoting its proprietary brands. For example, sales of Trendi Vapes more than doubled from the prior-year period in the third quarter, with Trendi accounting for 5% of Nevada's total vape sales.With Planet 13 [set to expand to new touristy markets](https://www.fool.com/investing/2022/01/02/the-5-best-marijuana-stocks-to-buy-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e), and the company making a push toward recurring profitability, it's a logical buy in a swooning market. [A person talking to someone on their smartphone while walking on a city street.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fwoman-talk-smartphone-city-wireless-5g-4g-data-voicemail-getty.jpg&w=700) Image source: Getty Images. **Broadcom** Despite tech stocks taking it on the chin during this stock market correction, [semiconductor solutions](https://www.fool.com/investing/stock-market/market-sectors/information-technology/semiconductor-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) provider **Broadcom** [(NASDAQ: AVGO)](https://www.nasdaq.com/market-activity/stocks/avgo) stands out as an unstoppable stock worth buying.Although investors' emotions can whipsaw equity valuations in the short term, it's a company's operating performance that dictates how its shares perform over longer stretches. In this respect, Broadcom has been firing on all cylinders, with a majority of the company's production booked well in advance. One of the biggest growth drivers for Broadcom is the [ongoing rollout of 5G wireless infrastructure](https://www.fool.com/investing/2021/09/23/5-brand-name-stocks-to-buy-if-market-is-tumbling/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It's been a decade since wireless download speeds were significantly improved. This is expected to result in a multiyear upgrade cycle for wireless devices. Most of Broadcom's revenue is derived from next-generation wireless chips and accessories found in smartphones.But like Alphabet, Broadcom is counting on ancillary industries to grow even faster than its core segment. As an example, Broadcom should benefit throughout the decade as demand for access and connectivity chips grows in data centers. We were already seeing businesses steadily shift their data into the cloud prior to the emergence of the coronavirus. What the pandemic has done is kick this trend into high gear, which is good news for Broadcom.Sporting a forward-year price-to-earnings ratio below 15, and having [grown its quarterly dividend by more than 5,700%](https://www.fool.com/investing/2022/01/20/4-perfect-dividend-stock-buy-if-stock-market-crash/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) in 11 years, Broadcom is a no-brainer buy. [A gold bar set atop silver and palladium ingots.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fgold-silver-precious-metals-bars-getty.jpg&w=700) Image source: Getty Images. **Wheaton Precious Metals** Going on defense during a correction can sometimes be the smartest move. That's why [precious metals](https://www.fool.com/investing/stock-market/market-sectors/materials/metal-stocks/precious-metal-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) royalty company **Wheaton Precious Metals** [(NYSE: WPM)](https://www.nasdaq.com/market-activity/stocks/wpm) is an unstoppable stock to buy. It's no secret that when investors are more fearful, they often turn to precious metals like gold as a safe haven to park their money. It just so happens that we're also dealing with a historically low interest rate environment and rapidly rising inflation at the same time. That's a solid recipe for physical gold to outperform, and for silver to benefit from a growing U.S. and global economy.What makes Wheaton Precious Metals such an intriguing buy is the 26 streaming deals the company has set up for everything from gold and silver to copper and cobalt. In exchange for providing upfront capital to develop or expand a mine, Wheaton receives most or all of a specified metal's production at well below cost. In the third quarter, its cash costs per ounce for gold and silver were $464 and $5.06, respectively. This worked out to a cash operating margin of $1,331/oz. for gold and $18.74/oz for silver. Because the company doesn't handle day-to-day mining operations, its profit margin [is among the highest in the industry](https://www.fool.com/investing/2021/06/06/7-reasons-to-dump-dogecoin-and-buy-superior-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e).To build on this point, Wheaton's more than two dozen streaming deals ensure that no one company can upend its performance. This makes it one of the most-hedged precious metal companies in any economic environment. [A veterinarian holding a feisty small dog in their arms.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662553%2Fveterinarian-dog-clinic-diagnostic-drug-healthcare-pet-insurance-getty.jpg&w=700) Image source: Getty Images. **Trupanion** A fifth unstoppable stock that'd be perfect to buy as the market corrects lower is companion animal health insurance provider **Trupanion** [(NASDAQ: TRUP)](https://www.nasdaq.com/market-activity/stocks/trup). According to data from the American Pet Products Association, 70% of U.S. households own a pet, up from 56% in 1988. What's more, an estimated $109.6 billion was spent on companion animals in the U.S. last year, and it's been more than a quarter of a century since year-over-year spending on pets declined. It doesn't matter how nasty the recession is -- pet owners are always willing to spend on their furry, gilled, scaled, and feathered family members.The interesting thing about Trupanion is that [it's just scratching the surface](https://www.fool.com/investing/2021/11/25/untapped-136-billion-opportunity-can-make-rich/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) with regard to its opportunity. Only around 1% of U.S. companion animals are covered by health insurance. That compares to about 25% in the U.K. If the U.S. were to reach the same penetration rate as the U.K., Trupanion would be staring down a $34 billion addressable market.Even though companion animal health insurance is a competitive space, [Trupanion has clear-cut advantages](https://www.fool.com/investing/2021/08/08/3-special-stocks-turn-25000-to-1-million-25-years/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e). It's been forging relationships with veterinarians and staff at the clinic level for more than two decades. It also provides point-of-sale software to clinics that can handle payment at the time of service.Trupanion is an industry leader that can sustainably grow sales by 20% or more for the foreseeable future. **10 stocks we like better than Alphabet (A shares)**When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=33e6945b-3369-4df4-927f-bdea1d177b0a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlphabet%2520%2528A%2520shares%2529&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e) for investors to buy right now... and Alphabet (A shares) wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=33e6945b-3369-4df4-927f-bdea1d177b0a&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAlphabet%2520%2528A%2520shares%2529&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=43e44bc3-11b7-4d25-b4e0-4745c11b8b1e)*Stock Advisor returns as of January 10, 2022 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Planet 13 Holdings Inc., and Trupanion. The Motley Fool recommends Broadcom Ltd. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Tompkins Financial (TMP) Lags Q4 Earnings Estimates
Article: Tompkins Financial (TMP) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.90%. A quarter ago, it was expected that this financial services company would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of 12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Tompkins, which belongs to the Zacks Banks - Northeast industry, posted revenues of $76.97 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $76.59 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Tompkins shares have lost about 4.3% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Tompkins?**While Tompkins has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/TMP/earnings-calendar), the estimate revisions trend for Tompkins: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.43 on $76.78 million in revenues for the coming quarter and $5.75 on $306.8 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Financial Institutions (FISI), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 31.This holding company for Five Star Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +15.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Financial Institutions' revenues are expected to be $49.98 million, up 5.2% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Financial Institutions, Inc. (FISI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FISI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859080/tompkins-financial-tmp-lags-q4-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1859080) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Aurora Cannabis Stock in 2022: Skyrocket or Crash?
Article: In losing nearly 35% of its value, **Aurora Cannabis** [(NASDAQ: ACB)](https://www.nasdaq.com/market-activity/stocks/acb) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price. [Cannabis cigarette in an ashtray.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F661930%2Fgettyimages-117326604.jpg&w=700) Image source: Getty Images. **Oh, Canada** All in all, cannabis companies north of our border haven't had an easy time of it. There are scores of them, publicly traded and otherwise, and compared to the U.S., Canada is sparsely populated. So there are a comparatively high number of producers and retailers serving a market that's quite limited, at the end of the day.Meanwhile, since marijuana is still a Schedule 1 drug at the federal level in America, foreign companies can't directly import product into this vast and highly tempting market. Outside of North America, available markets for foreign expansion are few and far between, and often consist of rather restrictive medical marijuana-only regimes (although, to give it its due, Aurora is comparatively strong in this segment).That's why the bottom lines of most Canadian weed players are, more often than not, written in deep red. Aurora has quite the ugly quarterly net loss streak going, and has managed to escape a nine-digit shortfall (in Canadian dollar terms) only once in the past five quarters .[](https://ycharts.com/companies/ACB/chart/)[ACB Net Income (Quarterly)](https://ycharts.com/companies/ACB/net_income) data by [YCharts](https://ycharts.com/) It doesn't help that the formerly free-spending company [overpaid significantly](https://www.fool.com/investing/2022/01/18/4-pot-stocks-to-avoid-like-the-plague-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) for certain assets as it was trying to scale up, and is now burdened with hundreds of millions of dollars of goodwill on its books. At least it's in good company in the red ink-soaked Great White North.Rival **Tilray**, once a big investor hope following the big-ticket [acquisition of Aphria](https://www.fool.com/investing/2021/05/03/aphria-and-tilray-merger-finally-closes/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that closed last May, also has a lengthening net loss streak. **Canopy Growth** has at least posted one profitable quarter over the past year-plus, but that's really not much to write home about -- particularly if we look at the more consistent profitability of selected U.S. players like **Trulieve Cannabis**. **A hazy future at best** It's telling that in its most recent quarterly earnings report, Aurora led off by touting its "transformation plan." This is its ongoing effort to trim costs through measures like facility closures and worker layoffs. Its current aim is to reach positive adjusted earnings before interest, taxes, depreciation, and amortization ([EBITDA](https://www.fool.com/investing/how-to-invest/stocks/ebitda/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9))) by the first half of 2023.There are several issues with this.First, if a company is leading off an earnings report by talking about the apparent effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low goal given the routine net profitability of a great many Canadian and U.S. publicly traded companies.Third, even in Aurora's rosiest scenario it's going to take over a year to hit this goal. Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no reason to believe that scores of competitors will either consolidate, or drop out of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin recreational products they seem to favor. And a change in [U.S. federal law](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/marijuana-legalization/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) that would allow pot imports, or a sudden explosion in medical marijuana legalization elsewhere abroad, are both pipe dreams for now.I don't know if Aurora stock is necessarily going to crash in 2022. But given its current, highly unfavorable dynamics combined with the state of the pot industry in North America and abroad, I'd put my money on it continuing to head south rather than wafting higher in price. **Here's The Marijuana Stock You've Been Waiting For** A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. ****And make no mistake – it is coming.Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.Simply click here to get the full story now.[Learn more](https://www.fool.com/mms/mark/sa-cannabis-boom-ecap?aid=9200&source=isaeditxt0000673&ftm_cam=sa-cannabis-boom&ftm_pit=8208&ftm_veh=article_pitch&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6f244f8e-2911-4799-a3c5-cb077f857be9) [Eric Volkman](https://boards.fool.com/profile/TMFVolkman/info.aspx) has no position in any of the stocks mentioned. The Motley Fool owns and recommends Trulieve Cannabis Corp. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Will RPC (RES) Gain on Rising Earnings Estimates?
Article: RPC (RES) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas services company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive [externally-audited track record of outperformance](https://www.zacks.com/performance/), with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.For RPC, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:**12 Month EPS** [Image](https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/RES.png)**Current-Quarter Estimate Revisions** The company is expected to earn $0.05 per share for the current quarter, which represents a year-over-year change of +200%.Over the last 30 days, the Zacks Consensus Estimate for RPC has increased 25% because one estimate has moved higher compared to no negative revisions. **Current-Year Estimate Revisions** For the full year, the earnings estimate of $0.29 per share represents a change of +866.67% from the year-ago number.The revisions trend for the current year also appears quite promising for RPC, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 11.69%. **Favorable Zacks Rank** Thanks to promising estimate revisions, RPC currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1linklink).Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. **Bottom Line** While strong estimate revisions for RPC have attracted decent investments and pushed the stock 32.1% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_517_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [RPC, Inc. (RES): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=RES&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859246/will-rpc-res-gain-on-rising-earnings-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-1859246) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Mercury (MRCY) Offers US & Allies RF Microelectronics Solutions
Article: **Mercury Systems** [MRCY](https://www.nasdaq.com/market-activity/stocks/mrcy) recently secured a $17 million contract to provide crucial multi-channel radio frequency (“RF”) microelectronics to the United States and its allies for the enhancement of missile capabilities.The contract will enable U.S warfighters to receive fast real-time signals intelligence data through these digital RF assemblies. This, in turn, will propel America’s air defense mission to newer heights ensuring the country’s air dominance in the 21st century. Awarded in the first quarter of fiscal 2022, Mercury’s latest deal is likely to get shipped over the next few quarters. The contract is likely to expand the defense company’s microelectronics segment’s growth. **Mercury Continues to Win Contracts** Mercury’s products and solutions are supplied to about 300 defense and intelligence programs with over 25 different defense prime contractors. The company’s domain expertise in analog and digital integration has aided it in building a solid long-term relationship with defense prime contractors.The aerospace and defense tech company works with a number of key defense prime contractors on a regular basis ensuring healthy flow of orders. In August 2021, Mercury received a $17 million order from the U.S. Naval Air Warfare Center’s Aircraft Division. In July, it teamed up with CoreAVI, winner of the Military and Aerospace Electronics 2017 Innovators Platinum Award, to provide its aerospace and defense customers CoreAVI’s safety-certified graphics, video, and GPU compute solutions.Prior to that, in June 2021, Mercury achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH rugged network switches to Oshkosh Defense for its Joint Light Tactical Vehicle program. **Mercury Systems Inc Price and Consensus [](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart)** [Mercury Systems Inc price-consensus-chart](https://www.zacks.com/stock/chart/MRCY/price-consensus-chart?icid=chart-MRCY-price-consensus-chart) | [Mercury Systems Inc Quote](https://www.nasdaq.com/market-activity/stocks/mrcy) **Zacks Rank & Stocks to Consider** Mercury currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader computer and technology sector include the largest global Customer Relationship Management vendor **Salesforce** [CRM](https://www.nasdaq.com/market-activity/stocks/crm) flaunting a Zacks Rank #1 (Strong Buy), the graphic processing unit maker **NVIDIA Corporation** [NVDA](https://www.nasdaq.com/market-activity/stocks/nvda) and **Advanced Micro Devices** [AMD](https://www.nasdaq.com/market-activity/stocks/amd), both carrying a Zacks Rank #2 (Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Salesforce’s fourth-quarter fiscal 2022 earnings has been revised downward by 7.6% to 73 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved upward by 0.43% to $4.68 per share in the last 60 days.Salesforce’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 44.2%. CRM stock has depreciated 6.1% in the past year.The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward by 13 cents to $1.22 per share over the past 90 days. For fiscal 2022, earnings estimates have moved north by 19 cents to $4.33 per share in the past 90 days. NVIDIA’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have surged 68.1% in the past year.The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 90 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last 60 days.Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 17.2% in the past year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_253_01282022&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AMD&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [salesforce.com, inc. (CRM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [NVIDIA Corporation (NVDA): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVDA&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Mercury Systems Inc (MRCY): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MRCY&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_253&cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859146/mercury-mrcy-offers-us-allies-rf-microelectronics-solutions?cid=CS-NASDAQ-FT-analyst_blog|company_news_tech_sector-1859146) [Zacks Investment Research](http://www.zacks.com/)
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Date: 2022-01-28
Title: 7 Top Stocks With 10X Potential in 2022 For Your Portfolio
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) Last year, [growth stocks](https://investorplace.com/2021/12/7-of-the-best-growth-stocks-to-buy-for-2022/?utm_source=Nasdaq&utm_medium=referral) performed significantly better than value stocks. The [markets have been volatile lately](https://www.cnbc.com/2022/01/19/stock-market-futures-open-to-close-news.html), but it seems like the trend is starting to favor value stocks. Recent data suggests that this change in momentum will accelerate over time. It is becoming more difficult to pick out top stocks for the new year in this environment. Investors are human and have biases. Some people like paying healthy dividends, while others may be growth-oriented, seeking rapidly expanding companies with potential for high returns on investment.Growth stocks offer a greater potential for future return, but they also carry an equal amount of risk. The main concern with these investments is that the growth you’ve seen won’t continue into your future — which means it’s important not only to consider what has happened so far when investing in them but how likely this company will be successful long-term too.The recent rise in borrowing costs has caused many investors to reevaluate their portfolios. This is especially true for those who trade on Wall Street, where the pressure isn’t thanks solely to material concerns about our economy or fears surrounding Covid-19 variants. Instead, many traders are convinced [the Federal Reserve is about to hike interest rates](https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15/) to combat inflation. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) That is leading to a sharp sell-off in growth stocks. Many of these companies are excellent prospects. Hence, it is the ideal time to invest in high-growth top stocks. They are down for now. But it is only a matter of time before they make their inevitable comeback. - **Nextdoor** (NYSE: [KIND](https://investorplace.com/stock-quotes/kind-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **McDonald’s** (NYSE: [MCD](https://investorplace.com/stock-quotes/mcd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Caterpillar**(NYSE: [CAT](https://investorplace.com/stock-quotes/cat-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Park Hotels & Resorts** (NYSE: [PK](https://investorplace.com/stock-quotes/pk-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Salesforce** (NYSE: [CRM](https://investorplace.com/stock-quotes/crm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Beyond Meat** (NASDAQ: [BYND](https://investorplace.com/stock-quotes/bynd-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Top Stocks: Nextdoor ([KIND](https://www.nasdaq.com/market-activity/stocks/KIND)))** [Image of the Nextdoor (<a href=](https://investorplace.com/wp-content/uploads/2021/11/kind-stock-1-300x169.jpg) KIND) app on an iPhone." width="300" height="169">Source: Tada Images / Shutterstock.comNextdoor is the herald for a new generation of neighborhood connectivity, [with 33 million active members across America](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/). The company went public through a [special purpose acquisition company (SPAC)](https://investorplace.com/7-tips-to-balance-long-and-short-term-goals-in-spac-ipos/?utm_source=Nasdaq&utm_medium=referral) merger in 2021 and has seen unprecedented success ever since.Over the last decade, social media has permeated all our lives. There would be a few areas left where we do not see its impact. The relationship between social media and depression has been a topic of great debate. Some say that the use increases feelings such as loneliness, while others claim it makes people feel less isolated in their daily lives because they can share experiences online.Nextdoor is an interesting company looking to change the dynamic of how we use social media. It is an app that connects people in real-life neighborhoods with one another. The company provides private online networks for continued communication and updates about what’s happening near your house, helping build stronger communities. It’s a fast-growing company, expanding both locally and internationally.The third quarter [saw a 66% increase in revenue to $52.7 million](https://about.nextdoor.com/press-releases/nextdoor-announces-q3-earnings-date-and-provides-select-q3-highlights-showing-continued-growth-at-scale/), and the average revenue per user increased 38% year over year to $1.61, with the majority of that increase coming from new users; the number of weekly active users (WAU) reached new heights this past quarter with a 20% year-over-year increase to 33 million. Like many social networks, Nextdoor deals with the same problems that plague platforms when they become huge. But now its position as one such service means it has more responsibility than ever before. However, with an experienced hand like [CEO Sarah Friar](https://www.linkedin.com/in/sarah-friar-922b044) at the helm, there is little cause for concern. Friar’s impressive resume includes six years as the CFO of Square and a stint as an analyst at Goldman Sachs. **McDonald’s Corp. ([MCD](https://www.nasdaq.com/market-activity/stocks/MCD)))** [MCD Stock: a McDonald's sign and logo on the side of a building](https://investorplace.com/wp-content/uploads/2019/09/mcd-stock-1600-6-300x169.jpg) Source: 8th.creator / Shutterstock.comMcDonald’s is a huge, global corporation that has been around for decades, and it still thrives today. It serves as an inspiration to many people worldwide because of its success. As such, it is perhaps one of the safest stocks out there, with consistent growth and dividend income. The global giant that is McDonald’s has [35,000 locations worldwide](https://hinative.com/es-MX/questions/18212204), and 93% of them are franchisees. This means they receive rent and royalty payments from their stores which insulated this company against any inflationary pressures.That puts McDonald’s in a great position. [The consumer price index increased at a 7% year-on-year pace last month](https://www.cnbc.com/2022/01/12/cpi-december-2021-.html), the largest increase since June 1982. Inflation is a real problem, and it is hitting home hard. Therefore, McDonald’s, traditionally seen as the food for budget-conscious consumers, will continue to thrive in this atmosphere. In an [earnings call](https://www.nasdaq.com/market-activity/earnings) McDonald’s reported a dramatic increase in profits this quarter because their menu prices have gone up while costs remained low. McDonald’s is doing a fine job of offsetting increased labor and commodity costs by raising prices on its menu.The company reported a fiscal third-quarter profit of $2.86 per share, up from last year’s figure of $2.35, and McDonald’s just announced that they are raising their forecast for systemwide sales growth in 2021. [The company’s net sales increased 14% to $6.2 billion in the quarter](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/Business.Q3-2021-results.html), surpassing expectations significantly. This is due largely to worldwide same-store sales growth of 12.7% from the year-ago period. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Despite the impressive performance and strong outlook, the stock was up just 22.1% last year. That means there is plenty of upside here that you can exploit. **Top Stocks: Caterpillar ([CAT](https://www.nasdaq.com/market-activity/stocks/CAT)))** [Image of a yellow construction vehicle with the Caterpillar (<a href=](https://investorplace.com/wp-content/uploads/2019/10/cat-stock-300x169.jpg) CAT) logo on it" width="300" height="169">Source: astudio / Shutterstock.comIn today’s world, few companies can match the size of Caterpillar. The firm is one in a select group to produce both construction and mining equipment on an international scale with operations all over our planet.Caterpillar is expected to have a profitable year, with its earnings and free cash flow projected at an all-time high. This will create significant value for investors due to the global economy whirring back to life. Even in America, things are looking up for Caterpillar. The [$1.2 trillion infrastructure bill](https://investorplace.com/smartmoney/2021/11/the-one-stock-to-buy-after-infrastructure-bill-gets-the-green-light/?utm_source=Nasdaq&utm_medium=referral) signed into law by President Joe Biden on Monday will bring new federal investments and create jobs over five years, touching everything from bridges to broadband internet systems with its promises of improved cities around America. The world’s largest construction equipment manufacturer will, naturally, benefit from these initiatives.In the third quarter of 2021, Caterpillar announced sales and revenues that had [grown by 25% compared with $9.9 billion in 2020](https://www.caterpillar.com/en/news/corporate-press-releases/h/3q21-results-caterpillar-inc.html). The revenue increased primarily due to demand for equipment and services at higher end-user levels driving the growth. Third-quarter profits were up significantly from last year, with a whopping $2.66 per share in profit for the quarter compared to just under two dollars back then. In addition, the company bought back $1.4 billion of shares and disbursed dividends totaling $0.6 billion. Shares were up 14.47% last year, with the stock trading at 17.12 times forward price-to-earnings. **Park Hotels & Resorts ([PK](https://www.nasdaq.com/market-activity/stocks/PK)))** [a Park Hotels & Resorts (<a href=](https://investorplace.com/wp-content/uploads/2019/07/PK1600-300x169.jpg) PK) branded destination" width="300" height="169">Source: ShutterstockPark Hotels & Resorts is one of the biggest hotel players, with properties all over America. It specializes in luxury goods and services for travelers at any price, from budget-friendly rates to five-star accommodations. The company was formed as an offshoot of [Hilton Worldwide back in 2017](https://www.pkhotelsandresorts.com/company/about-park). Hilton’s CEO, [Christopher Nassetta](https://www.linkedin.com/in/chrisnassetta), evaluated a corporate spin-off of their $13 billion real estate portfolio. This plan was part of Hilton’s strategy to move towards an “ [asset-light model](https://www.bu.edu/bhr/2021/05/31/asset-light-business-model-strategies-for-hotels-during-the-pandemic/),” which would enable rapid international growth and take advantage of the lack of taxes on REITs or real estate investment trusts — REITs have to [distribute at least 90%](https://www.sec.gov/files/reits.pdf) of their profits as dividends, or else they will lose tax-exempt status.Owing to the nature of the pandemic, it was only natural that the hotel industry would come under fire. Revenues fell sharply in 2020, leading to a substantial loss for the hotel REIT. The situation has improved remarkably in the latest few quarters. Third-quarter highlights include a strong, positive RevPAR number that shows the company is growing steadily and returning to profitability. Funds from operations (FFO) attributable to stockholders for the quarter was $5 million — [a 112.2% improvement from second-quarter numbers](https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2021/11-03-2021-201734881). - [7 Dividend Stocks to Profit off the Hot Real Estate Market](https://investorplace.com/2022/01/7-dividend-stocks-to-profit-off-the-hot-real-estate-market/?utm_source=Nasdaq&utm_medium=referral) The hotel REIT focuses squarely on three major markets, [New York City, Chicago, and San Francisco](https://www.costar.com/article/507460491/hotel-industry-recovery-hinges-on-demand-from-business-travelers-groups), to power its comeback further. “I’ve been in New York three times in the last couple of weeks, and the city’s coming back to life, and it’s great to see,” CEO Thomas Baltimore Jr. said in November. Meanwhile, hotel occupancy in Chicago is still high despite the overall slow down. Corporate group bookings at Park’s hotels were about 83% of 2019 levels which amounts to around 168,000 room nights citywide. **Top Stocks: AT&T ([T](https://www.nasdaq.com/market-activity/stocks/T)))** [Sign of AT&T (<a href=](https://investorplace.com/wp-content/uploads/2021/11/shutterstock_1019880574-300x169.png) T) posted in a wooden wall" width="300" height="169">Source: Lester Balajadia / Shutterstock.comAT&T hasn’t gotten the love it deserves in the last year. In an unexpected move, AT&T announced that it plans — into their own company just a few short years after buying [Time Warner Inc for $108 billion](https://arstechnica.com/tech-policy/2021/05/att-to-spin-off-warnermedia-will-try-to-act-like-a-telecom-company-again/). AT&T announced that [they had signed a merger agreement](https://about.att.com/story/2021/warnermedia_discovery.html) with **Discovery** (NASDAQ: [DISCA](https://investorplace.com/stock-quotes/disca-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). The two companies will now share some of their assets as part of this deal and create one “standalone global entertainment company.” As a result of the agreement, [AT&T would receive a cool $43 billion](https://about.att.com/story/2021/warnermedia_discovery.html#:~:text=Under%20the%20terms%20of%20the,representing%2071%25%20of%20the%20new) in the all-stock transaction that it will use to reduce debt and invest in broadband.AT&T plans to spend $24 billion on capital expenditures in 2022. This investment will go toward 5G and fiber broadband networks. That comes as a welcome change because the telecommunications giant could not focus squarely on this space in the last few years. AT&T [plans to cover 200 million people](https://www.cnet.com/tech/mobile/verizon-and-at-ts-c-band-5g-upgrade-from-airports-to-rollouts-the-latest-on-what-you-need-to-know/) with its 5G C-band network by year-end 2023, and they are investing to reach 30 million customer locations this coming 2025.Management cut AT&T’s dividend by half last year, but the company assured investors that it would still pay out an annual distribution. However, following cutting the payout, the company will lose its [Dividend Aristocrats status](https://investorplace.com/2022/01/3-dividend-aristocrats-yielding-over-4/?utm_source=Nasdaq&utm_medium=referral). Hence, many AT&T shareholders are left wondering whether they should keep investing in the stock moving forward. AT&T’s debt load is set to decrease after they shed some of their most lucrative divisions and use the proceeds and the savings from the dividend cut, making them more competitive with **T-Mobile** (NASDAQ: [TMUS](https://investorplace.com/stock-quotes/tmus-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Verizon** (NYSE: [VZ](https://investorplace.com/stock-quotes/vz-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). **Salesforce (CRM)** [A hand with pink painted fingernails holds a Salesforce (CRM) sticker.](https://investorplace.com/wp-content/uploads/2019/07/crm1600-300x169.jpg) Source: Bjorn Bakstad / Shutterstock.com Salesforce offers excellent customer service and helps businesses improve their marketing strategy with its powerful applications. They provide CRM (customer relationship management) services for both individual consumers and small companies and enterprise software. CRM’s software helps businesses organize and handle sales operations while also managing customer relationships.The Salesforce ecosystem and community are growing, which means that CRM functionality is expanding too. One way to increase their acquisition rates is by acquiring new companies within this space as they come along with valuable skillsets or experiences — something else important for reaching scale. Salesforce is a company that provides “ [360-degree view of customer](https://www.scnsoft.com/services/salesforce/demo-customer-profile)” services.It is the perfect alternative to **Adobe** (NASDAQ: [ADBE](https://investorplace.com/stock-quotes/adbe-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Oracle** (NYSE: [ORCL](https://investorplace.com/stock-quotes/orcl-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), and **Microsoft** (NASDAQ: [MSFT](https://investorplace.com/stock-quotes/msft-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). Salesforce competitors provide various components that make them stand out from the rest and offer an excellent way to manage all aspects of customers’ needs. Salesforce has [made some of the biggest acquisitions in recent years](https://www.salesforce.com/news/stories/salesforce-acquisitions/), including Slack for $27.7 billion, Tableau at $15.7 billion, and Mulesoft for $6.5 billion. The Salesforce empire has always been about more than just CRM. They’ve used their acquisition strategy to integrate innovative technologies into the platform, which benefits every customer with exciting new features and functionality that they can’t get anywhere else. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) However, Salesforce is not doing so well recently. The stock continued its downward spiral following a new omicron coronavirus variant and a tech-specific sell-off in December. But that means a quality business with a wide moat is available at a discount. **Top Stocks: Beyond Meat (BYND)** [bynd stock](https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-3-300x169.jpg) Source: Shutterstock Beyond Meat is a company that produces plant-based substitutes for beef, pork, and poultry. The company aims to help reduce pollution from these industries while also helping people live healthier lives by eating more vegetarian meals themselves or providing them access at affordable prices. Last year, Beyond launched its [new line of chicken in Canadian and U.S restaurants](https://vegnews.com/2021/7/vegan-beyond-meat-chicken-tenders) and grocery stores across North America.Nevertheless, the stock has not done well in the last six months. That is because of sluggish sales and muted forecasts. Beyond is a company that thrives on retail sales. The [segment generates 74%](https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html) of its total revenue, while foodservice accounts for 26%. Analysts believe the key for the company is to produce their product at a lower cost to battle McDonald’s.But the value proposition is there. Millennials and Generation Z believe in a healthier diet. That leads to marketers and businesses honing on any area that could lead to a healthy lifestyle. Beyond Meat will do well in this environment.On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral). Faizan Farooque is a contributing author for [InvestorPlace.com](http://investorplace.com/) and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. You can check out his analysis on InvestorPlace and TipRanks. The post [7 Top Stocks With 10X Potential in 2022 For Your Portfolio](https://investorplace.com/2022/01/7-top-stocks-with-10x-potential-in-2022-kind-mcd-cat-pk-t-crm-bynd/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Date: 2022-01-28
Title: A few Independent Bank Corporation (NASDAQ:IBCP) insiders sold shares in the last 12 months: Not a good sign for shareholders
Article: **Independent Bank Corporation** (NASDAQ:IBCP) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. **Independent Bank Insider Transactions Over The Last Year** Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Michael Magee, for US$209k worth of shares, at about US$23.06 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$24.41. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25% of Michael Magee's holding. Happily, we note that in the last year insiders paid US$65k for 3.00k shares. On the other hand they divested 11.41k shares, for US$256k. All up, insiders sold more shares in Independent Bank than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below NasdaqGS:IBCP Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1875126&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership of Independent Bank** Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.2% of Independent Bank shares, worth about US$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. **What Might The Insider Transactions At Independent Bank Tell Us?**The fact that there have been no Independent Bank insider transactions recently certainly doesn't bother us. Our analysis of Independent Bank insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Independent Bank has [2 warning signs](https://simplywall.st/stocks/us/banks/nasdaq-ibcp/independent-bank?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) (1 is significant!) that deserve your attention before going any further with your analysis. Of course **Independent Bank may not be the best stock to buy**. So you may wish to see this **free** [collection of high quality companies.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1875126&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTEyNjphMTY2OTM3MWE1NTY4MzJh)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: Applied Industrial (AIT) Q2 Earnings & Revenues Top Estimates
Article: **Applied Industrial Technologies, Inc.** [AIT](https://www.nasdaq.com/market-activity/stocks/ait) has reported better-than-expected second-quarter fiscal 2022 (ended Dec 31, 2021) results. Its earnings surpassed estimates by 33.9%. This was the eighth consecutive quarter of an earnings beat. Also, sales beat the consensus estimate by 3.3%.The company’s adjusted earnings in the fiscal second quarter were $1.46 per share, outpacing the Zacks Consensus Estimate of $1.09. The bottom line increased 49% from the year-ago figure of 98 cents. **Revenue Details** In the reported quarter, Applied Industrial’s net sales amounted to $876.9 million, up 16.7% year over year. The results benefited from 16.4% growth in organic sales, 1.6% gains from acquisitions and 0.3% gain from foreign currency translation. The increase was partially offset by an adverse impact of 1.6% from one less selling day.The company’s top line surpassed the Zacks Consensus Estimate of $849 million.Applied Industrial reports revenues under two market segments. A brief discussion of the quarterly results is provided below:**Service Center-Based Distribution**’s revenues totaled $587.2 million, which contributed 67% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 13.9%. Organic sales grew 15.1% and foreign currency translation had a positive impact of 0.4%. One less selling day had an adverse impact of 1.6%. Demand was healthy in machinery, aggregates & mining, lumber & wood, food & beverage and pulp & paper markets.The **Fluid Power & Flow Control** segment generated revenues of $289.7 million, contributing 33% to net revenues in the reported quarter. The figure increased 22.9% year over year on the back of 19.3% growth in organic sales and 5.2% gain from acquisitions. One less selling day had an adverse impact of 1.6%. Businesses flourished in the technology, life sciences, off-highway mobile, chemical, utilities and machinery markets. **Applied Industrial Technologies, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart)[Applied Industrial Technologies, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/AIT/price-consensus-eps-surprise-chart?icid=chart-AIT-price-consensus-eps-surprise-chart) | [Applied Industrial Technologies, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/ait)**Margin Profile** In the reported quarter, Applied Industrial’s cost of sales increased 14.3% year over year to $619.2 million. Cost of sales was 70.6% of the quarter’s net sales. Gross profit in the quarter grew 23% year over year to $257.6 million, while gross margin increased 150 basis points (bps) to 29.4%.Selling, distribution and administrative expenses (including depreciation) increased 10.5% year over year to $179.4 million. It represented 20.5% of net sales in the reported quarter compared with 21.6% in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $92.6 million, reflecting growth of 35.6%. Margin increased 150 bps to 10.6%. Interest expenses declined 9.1% year over year to $7 million. **Balance Sheet & Cash Flow** Exiting the second quarter of fiscal 2022, Applied Industrial had cash and cash equivalents of $154.8 million, down 37.4% from $247.3 million recorded in the last reported quarter. Long-term debt decreased 6.7% sequentially to $681.3 million.In the first six months of fiscal 2022, the company repaid long-term debts of $550.4 million compared with $72.3 million in the year-ago period. During the same period, the company generated net cash of $81.3 million from operating activities, reflecting a decrease of 49% from the year-ago period. Capital expenditures totaled $7.5 million, down 10.7% year over year. Free cash flow in the first six months of fiscal 2022 decreased 51.1% to $73.8 million.In the first six months of fiscal 2022, Applied Industrial rewarded shareholders with a dividend payout of $25.5 million. The amount represents growth of 2.4% year over year. Also, the company repurchased shares worth $10.1 million in the same period. Exiting the second quarter of fiscal 2022, the company is left to repurchase 353,000 shares.Concurrent with the earnings release, AIT announced that its board of directors approved a 3% hike in the quarterly dividend rate. It now stands at 34 cents per share, higher than the previous rate of 33 cents. The company will pay out the revised amount on Feb 28, 2022, to shareholders on record as of Feb 15. **Outlook** For fiscal 2022 (ending June 2022), Applied Industrial is expected to benefit from strength across industrial markets and a strong backlog level. However, supply-chain constraints and inflationary issues are concerning.The company expects total revenues to increase 11.5-12.5% year over year for fiscal 2022 (higher than 8-10% growth predicted earlier). Organic sales growth for the year is predicted to be 10.5-11.5% (higher than 7-9% growth guided earlier).EBITDA margin is expected to be 10.1-10.3% (versus 9.7-9.9% predicted earlier). Earnings per share are estimated to be $5.70-$5.90 for fiscal 2022 (versus $5.00-$5.40 guided previously). **Zacks Rank & Stocks to Consider** AIT currently carries a Zacks Rank #3 (Hold).Some better-ranked companies in the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-general-industrial-99) are discussed below. **Ferguson plc** [FERG](https://www.nasdaq.com/market-activity/stocks/ferg) presently carries a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link). Its earnings surprise in the last reported quarter was 16.82%, on average.Ferguson’s earnings estimates increased 0.1% for fiscal 2022 (ending July 2022) and 0.6% for fiscal 2023 (ending July 2023) in the past 30 days. Its shares have gained 1.8% in the past three months. **Graco Inc.** [GGG](https://www.nasdaq.com/market-activity/stocks/ggg) presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 6.58%, on average.In the past 30 days, Graco’s earnings estimates have been stable for both 2021 (results awaited) and 2022. GGG’s shares have lost 7.1% in the past three months. **Xometry, Inc.** [XMTR](https://www.nasdaq.com/market-activity/stocks/xmtr) presently carries a Zacks Rank #2. In the last reported quarter, its earnings missed the consensus estimate by 6.45%.Xometry’s bottom line estimates have decreased 1.1% for 2021 (results awaited) and decreased 25.4% for 2022 in the past 30 days. Its shares have lost 16.5% in the past three months. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AIT&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Graco Inc. (GGG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GGG&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Wolseley PLC (FERG): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FERG&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Xometry, Inc. (XMTR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=XMTR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859075/applied-industrial-ait-q2-earnings-revenues-top-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1859075) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Volaris Announces 4Q and Full Year 2021 Earnings Release and Conference Call Schedule
Article: MEXICO CITY, Mexico, Jan. 28, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, will release its fourth quarter and full year 2021 earnings results after the market closes on Thursday, February 24th, 2022. The management will host a conference call on **Friday, February 25th, 2022**, 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the fourth quarter and full year 2021 results. [](https://mma.prnewswire.com/media/194587/volaris_logo.html) The release will be available on the Company's website at [http://ir.volaris.com](http://ir.volaris.com/). **Presenters for the Company:** \begin{table}{|c|c|c|} \hline Mr. Enrique Beltranena, President & Chief Executive Officer & Mr. Jaime Pous Chief Financial Officer & Mr. Holger Blankenstein Airline Executive Vice President \\ \hline \end{table} **Conference Call Details** \begin{table}{|c|c|} \hline Date: & Friday, February 25th, 2022 \\ \hline Time: & 9:00 am Mexico City (CT) / 10:00 am New York (USA) (ET) \\ \hline United States dial in: & +1-844-204-8586 \\ \hline Mexico dial in: & +52-55-8880-8040 \\ \hline International dial in: & +1-412-317-6346 \\ \hline Participant Code: & Volaris \\ \hline Replay access Code: & 10163641 \\ \hline Webcast: & https://webcastlite.mziq.com/cover.html?webcastId=423f690b-ffe2-401e-9603-561864dcb46d \\ \hline \end{table} Participants are requested to connect 10 minutes prior to the time set for the conference calls. A replay of the conference call will be available via webcast in the Company's Investor Relations website. In accordance with fair disclosure and corporate governance best practices, Volaris will begin its quiet period on February 11th, 2022, and will end immediately after the earnings call on February 25th, 2022. **Investor Relations Contact:**Félix Martínez / Naara Cortés GallardoInvestor Relations / [[email protected]](mailto:[email protected]) **Media Contact:**Gabriela Fernández / [[email protected]](mailto:[email protected]) **About Volaris:***Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 185 and its fleet from 4 to 102 aircraft. Volaris offers more than 510 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: [www.volaris.com](http://www.volaris.com/). [Cision](https://c212.net/c/img/favicon.png?sn=MX46205&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html](https://www.prnewswire.com/news-releases/volaris-announces-4q-and-full-year-2021-earnings-release-and-conference-call-schedule-301470975.html) SOURCE Volaris
Date: 2022-01-28
Title: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?
Article: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)
Broader Sector Information:
Date: 2022-01-28
Title: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS
Article: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.
Date: 2022-01-28
Title: Noteworthy Friday Option Activity: MGI, UBER, ALGT
Article: Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MoneyGram International Inc (Symbol: MGI), where a total volume of 28,626 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.8% of MGI's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the [$9 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=MGI&month=20220218&type=call&contract=9.00), with 10,914 contracts trading so far today, representing approximately 1.1 million underlying shares of MGI. Below is a chart showing MGI's trailing twelve month trading history, with the $9 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) Uber Technologies Inc (Symbol: UBER) options are showing a volume of 272,371 contracts thus far today. That number of contracts represents approximately 27.2 million underlying shares, working out to a sizeable 98.3% of UBER's average daily trading volume over the past month, of 27.7 million shares. Especially high volume was seen for the [$35 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=UBER&month=20220218&type=call&contract=35.00), with 38,628 contracts trading so far today, representing approximately 3.9 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $35 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) And Allegiant Travel Company (Symbol: ALGT) options are showing a volume of 1,824 contracts thus far today. That number of contracts represents approximately 182,400 underlying shares, working out to a sizeable 90.6% of ALGT's average daily trading volume over the past month, of 201,435 shares. Particularly high volume was seen for the [$195 strike call option expiring February 18, 2022](https://www.stockoptionschannel.com/symbol/?symbol=ALGT&month=20220218&type=call&contract=195.00), with 1,455 contracts trading so far today, representing approximately 145,500 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $195 strike highlighted in orange: [Loading+chart+—+2022+TickerTech.com](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png) For the various different available expirations for [MGI options](https://www.stockoptionschannel.com/symbol/mgi/), [UBER options](https://www.stockoptionschannel.com/symbol/uber/), or [ALGT options](https://www.stockoptionschannel.com/symbol/algt/), visit StockOptionsChannel.com. [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/)
Date: 2022-01-28
Title: Catalyst Pharmaceuticals Announces Issuance of Mandate by the U.S. Court of Appeals for the 11th Circuit Directing the District Court Judge in Catalyst's Lawsuit Against the FDA to Grant Summary Judgement in Favor of Catalyst
Article: CORAL GABLES, Fla., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Catalyst Pharmaceuticals, Inc. (Catalyst) (Nasdaq: CPRX), a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases, today reported that the U.S. Court of Appeals for the 11th Circuit has issued a mandate directing the District Court that heard Catalyst's claim against the FDA to enter summary judgment in favor of Catalyst in its lawsuit against the FDA, thereby vacating the FDA's approval of Ruzurgi® (Jacobus Pharmaceutical Company's amifampridine product). Patrick J. McEnany, Catalyst's Chairman and CEO stated: "Catalyst's priority has always been, and will continue to be, to put patients' needs first, and we are well prepared to address their questions and do everything we can to ensure that ALL LEMS patients continue with uninterrupted access to amifampridine for treating their LEMS condition, whether through commercial access or compassionate use access for those who qualify. Our patient-focused Catalyst Pathways® team stands ready to provide information to patients currently being treated with Ruzurgi® on how best to transition to FIRDAPSE®." Information for Prescribers and Patients is available at 1-833-422-8259 and [www.yourcatalystpathways.com](https://www.globenewswire.com/Tracker?data=Ir1MiolgTqtkaXu5X5f52pj26rDq6LipZOr24Tw4ZHNgIYgHyC3k2yJQQA_fKx-emI3-K9XgbzTBx1ldqOLx9GnfSLwEzTXKQrR5NSQOioOTSZqcajoLiC51jDOeXmnR). **About Catalyst Pharmaceuticals** Catalyst Pharmaceuticals is a commercial-stage, patient-centric biopharmaceutical company focused on in-licensing, developing, and commercializing novel high-quality medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge, first- or best-in-class medicines for other rare diseases. Catalyst's New Drug Application for FIRDAPSE® (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ("LEMS") was approved in 2018 by the U.S. Food & Drug Administration ("FDA"), and FIRDAPSE is commercially available in the United States as a treatment for adults with LEMS. Further, Canada's national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE® for the treatment of adult patients in Canada with LEMS. **Forward-Looking Statements** This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Catalyst's actual results in future periods to differ materially from forecasted results. A number of factors, including (i) whether Jacobus will appeal the ruling of the U.S. Court of Appeals for the 11th Circuit to the U.S. Supreme Court, and whether the Supreme Court will agree to hear the appeal, (ii) now that the mandate has been issued, when the District Court will enter summary judgment in favor of Catalyst in its lawsuit against the FDA, and (iii) those factors described in Catalyst's Annual Report on Form 10-K for the fiscal year 2020 and Catalyst's other filings with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are available from the SEC, may be found on Catalyst's website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which speaks only as of this date. Source: Catalyst Pharmaceuticals Inc. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyOSM0Njk5NTgyIzIwMTk0OTE=) [Image](https://ml.globenewswire.com/media/NmNiOGViMTItZDZjNS00ODI4LTk2ZmUtMDAxYmYxMzViYmU1LTEwMzEwMzE=/tiny/Catalyst-Pharmaceuticals-Inc-.png) Investor Contact Mary Coleman Catalyst Pharmaceuticals, Inc. [[email protected]](mailto:[email protected]) Media Contact David Schull Russo Partners (858) 717-2310 [[email protected]](mailto:[email protected])[](https://www.globenewswire.com/NewsRoom/AttachmentNg/960a6989-9f9c-4ad2-91cf-be10cebd6655) Source: Catalyst Pharmaceuticals, Inc.
Date: 2022-01-28
Title: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Article: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics
Date: 2022-01-28
Title: Community Trust Bancorp, Inc. Declares Its Cash Dividend
Article: PIKEVILLE, Ky.--(BUSINESS WIRE)-- On January 25, 2022, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.40 per share, which will be paid on April 1, 2022, to shareholders of record on March 15, 2022.Community Trust Bancorp, Inc., with assets of $5.4 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005531r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005531/en/](https://www.businesswire.com/news/home/20220128005531/en/) Mark A. Gooch, President Community Trust Bancorp, Inc. (606) 437-3229 Source: Community Trust Bancorp, Inc.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: HLIT
Security: Harmonic Inc.
Related Stocks/Topics: Stocks|CRUS|META|GOOGL
Title: Harmonic (HLIT) to Report Q4 Earnings: What's in the Cards?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: **Harmonic Inc.** [HLIT](https://www.nasdaq.com/market-activity/stocks/hlit) is scheduled to report fourth-quarter 2021 results on [Jan 31](https://www.zacks.com/stock/research/HLIT/earnings-calendar), after the closing bell. In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 5 cents, delivering a surprise of 125%.The San Jose, CA-based company is expected to have recorded year-over-year higher revenues on the back of strong market momentum along with the execution of growth initiatives.During the quarter, Harmonic integrated Google Cloud Marketplace in its CableOS cloud-native core platform. The integration provides operators using the CableOS Platform access to Google Cloud Marketplace applications, allowing them to deploy new revenue-generating services.Harmonic expanded its fiber-to-the-home PON capabilities with a 60G-capable remote switch that leverages its CableOS solution to bridge the rural divide and improve broadband deployment flexibility.Colombian telecommunications leader Claro Colombia fueled its Claro Box TV streaming service with Harmonic. The Harmonic solution, powered by the company’s VOS cloud-native software, increases Claro Colombia’s business agility while ensuring an exceptional quality for subscribers.Harmonic partnered with Rogers Communications, a leading technology and media company in Canada, to power the latter’s multi-gigabit broadband services using Harmonic’s CableOS cloud-native converged core platform. These developments are likely to have positively impacted Harmonic’s performance in the fourth quarter.For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $152 million, which indicates growth of 15.2% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at 14 cents, which suggests a decline of 30%. **What Our Model Says** Our proven model doesn’t conclusively predict an earnings beat for Harmonic this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Earnings ESP:**Harmonic’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 14 cents. **Harmonic Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise)[Harmonic Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HLIT/price-eps-surprise?icid=chart-HLIT-price-eps-surprise) | [Harmonic Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hlit)**Zacks Rank:**Harmonic currently carries a Zacks Rank #3. **Stocks to Consider** Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:**Alphabet Inc.** [GOOGL](https://www.nasdaq.com/market-activity/stocks/googl) is set to release quarterly numbers on Feb 1. It has an Earnings ESP of +2.11% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Earnings ESP for **Cirrus Logic, Inc.** [CRUS](https://www.nasdaq.com/market-activity/stocks/crus) is +1.48% and it carries a Zacks Rank of 2. The company is set to report quarterly numbers on Jan 31.The Earnings ESP for **Meta Platforms, Inc.** [FB](https://www.nasdaq.com/market-activity/stocks/fb) is +2.52% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Feb 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Harmonic Inc. (HLIT): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HLIT&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRUS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Meta Platforms, Inc. (FB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=FB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Alphabet Inc. (GOOGL): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GOOGL&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859015/harmonic-hlit-to-report-q4-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859015) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 10.3218
Stock Price 2 days before: 10.5292
Stock Price 1 day before: 10.2953
Stock Price at release: 10.125
Risk-Free Rate at release: 0.0004
Symbol: CRON
Security: Cronos Group Inc.
Related Stocks/Topics: Unknown
Title: Cronos Group Provides Bi-Weekly MCTO Status Update
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders(“**NP 12-203**”). On November 9, 2021, the Company announced that it applied for a management cease trade order (“**MCTO**”) with the applicable securities regulatory authorities in Canada on the basis that the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “**Form 10-Q**”) with the U.S. Securities and Exchange Commission (the “**SEC**”), together with its corresponding quarterly filings in Canada (collectively, the “**Required Filings**”), by the applicable filing deadlines (the “**Original Announcement**”). The MCTO was issued on November 16, 2021 and restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until two full business days following the filing of the Required Filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The Company’s management continues to work diligently to complete the Required Filings and now anticipates, but cannot assure, that the Required Filings will be filed by February 18, 2022. The Company confirms that since the date of the Original Announcement: (i) other than as described above, there has been no material change to the information set out in the Original Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Filings. **About Cronos Group Inc. **Cronos Group is an innovative global cannabinoid company with international production and distribution across five continents. Cronos Group is committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio. Cronos Group’s portfolio includes PEACE NATURALS™, a global wellness platform, two adult-use brands, COVE™ and Spinach™, and three U.S. hemp-derived CBD brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information about Cronos Group and its brands, please visit: [thecronosgroup.com](http://thecronosgroup.com/). **Forward-Looking Statements** This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include the duration of the MCTO and the Company’s ability to complete the Required Filings and continue to satisfy the information guidelines set out in NP 12-203. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the actual filing time of the Required Filings to be materially different from the estimated future filing time or prevent us from complying with the requirements of NP 12-203 and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021 and the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2021, each of which have been filed on SEDAR and EDGAR and can be accessed at [www.sedar.com](http://www.sedar.com/) and [www.sec.gov/edgar](http://www.sec.gov/edgar), respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos Group disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement. **Cronos Group Contact** Shayne LaidlawInvestor RelationsTel: (416) 504-0004 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQ4NiM0NzAwMDIxIzIwOTYzMzk=) [Image](https://ml.globenewswire.com/media/MWM3YmI3ZjktMmM5MC00YTUyLWI3NzktNzkzNzI5MGJiMzk5LTExMDc5MTA=/tiny/Cronos-Group-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/68e2d88b-b8e0-404a-995d-415a33773982) Source: Cronos Group Inc.
Stock Price 4 days before: 3.37541
Stock Price 2 days before: 3.51055
Stock Price 1 day before: 3.42743
Stock Price at release: 3.33572
Risk-Free Rate at release: 0.0004
Symbol: PACK
Security: Ranpak Holdings Corp.
Related Stocks/Topics: Markets
Title: This Under-the-Radar SPAC Stock Is Quietly Crushing the Market. Is It a Buy in 2022?
Type: News
Publication: The Motley Fool
Publication Author: Jon Quast
Date: 2022-01-28
Article: As of Monday, shares of **Ranpak Holdings** [(NYSE: PACK)](https://www.nasdaq.com/market-activity/stocks/pack) were up 163% since Dec. 13, 2018 -- the day it announced it was going public via a merger with a special purpose acquisition company ([SPAC](https://www.fool.com/investing/how-to-invest/stocks/spac/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002))). By comparison, the S&P 500 was up by just 66%.Market-crushing stocks typically attract a lot of attention from investors. But few Wall Street analysts cover Ranpak, and it has low average trading volume, suggesting there's little interest in it from the broader market. Are they missing out? Could this under-the-radar stock continue delivering strong gains in 2022 and beyond? Taking a look at the business, its growth potential, and its finances could help answer those questions. [A business owner packs boxes for e-commerce business.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662450%2Fbusiness-owner-packs-boxes-e-commerce.jpg&w=700) Image source: Getty Images. **How Ranpak makes money** Ranpak makes paper and specialty machines that modify it for use in three primary purposes: filling empty spaces in boxes, cushioning products, and wrapping products. In 2020, nearly 35% of the company's total revenue came from the e-commerce space -- companies use Ranpak's eco-friendly paper products when shipping merchandise rather than options such as foam peanuts or plastic cushioning.As of the third quarter of 2021, Ranpak had installed over 129,000 of its machines with clients, a 14% increase from the previous year. However, the company doesn't typically sell these machines to its customers outright. Instead, Ranpak leases the machines, which allows its customers to deploy these solutions with little upfront cost.Because of this dynamic, a whopping 84% of Ranpak's revenue in the first three quarters of 2021 came from paper products, not the machines. It's a classic razor-and-blade business model -- it provides the machines to clients at a low cost (cheap razors) and then sells them a steady supply of paper they consume (expensive blades), which provides recurring revenue.The [gross profit margin](https://www.fool.com/investing/how-to-invest/stocks/gross-profit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) on this business is higher than you might think -- 48% in the first three quarters of 2021, down slightly from 49% in the comparable period of 2020. And this isn't a software company where high margins are expected -- profits like those coming primarily from sales of paper products are pretty good. **Can Ranpak keep growing?**In 2020, Ranpak derived 47% of its revenue from Europe, 43% from North America, and 10% from Asia. And since its products are primarily used to support e-commerce operations, it would be accurate to call it a global e-commerce company -- and that's a sector that's poised for long-term growth.According to estimates from eMarketer, the e-commerce industry is expected to account for almost 20% of global retail sales this year. By 2025, that share is expected to be closer to 25%. And annual global retail sales could be over $7 trillion by then.As e-commerce sales volume grows, investors should expect more companies will become Ranpak clients, and can anticipate that its existing customers will consume even more of its paper products.To be clear, this trend is already underway. As already noted, its installed machine count increased 14% year over year in the most recent quarter, suggesting it's winning new customers. Meanwhile, paper product revenue was up 25%, suggesting higher consumption among existing customers.Ranpak's opportunity is greater than e-commerce. It listed industrial manufacturing, industrial machinery, warehousing, automotive, and electronics as use cases that each account for more than 5% of its revenue. So the applications for its paper products are broad, which could help it easily identify new potential customers. **Is Ranpak stock a buy?**Based on the available information, Ranpak appears to be a sticky business with room to grow. That's good. But I do have a couple of concerns that keep me from buying the stock today.First, its operating leverage outlook is unclear. Beyond its slight gross margin decline, its "selling, general, and administrative" (SG&A) expenses in Q3 were 27.9% of revenue, up from 21.6% in the prior-year period.Zooming out to the first three quarters of 2021, Ranpak only spent 25.8% of revenue on SG&A expenses, better than the 27.5% it spent in 2020's first three quarters. Therefore, it's hard to tell if the company is sustainably gaining or losing operating leverage -- perhaps that metric will always be lumpy. However, great stocks typically gain operating leverage over time. It's unclear if Ranpak enjoys this desirable trait.Second, Ranpak has $452 million in goodwill and $414 million in intangible assets on its books. Those are very high figures for a company with a [market capitalization](https://www.fool.com/investing/how-to-invest/stocks/what-is-market-cap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) of just $2 billion. At some point, management could be forced to revise these figures downward, resulting in large paper losses.Despite Ranpak Holdings' strong stock performance and its promising growth potential, I'm willing to sit on the sidelines for now. But more clarity about its long-term profit margins could cause me to reconsider. **10 stocks we like better than Ranpak Holdings Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002) for investors to buy right now... and Ranpak Holdings Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08b7e582-6af8-4f26-a6ed-a2b9894d89b3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DRanpak%2520Holdings%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=ab74f9ba-297f-4683-a109-9c30b0cbb002)*Stock Advisor returns as of January 10, 2022 [Jon Quast](https://boards.fool.com/profile/TMFJaguar/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 25.7735
Stock Price 2 days before: 27.8086
Stock Price 1 day before: 25.6377
Stock Price at release: 24.1238
Risk-Free Rate at release: 0.0004
Symbol: NVAX
Security: Novavax, Inc.
Related Stocks/Topics: PODD|US Markets|IMAB
Title: Health Care Sector Update for 01/28/2022: PODD,IMAB,NVAX
Type: News
Publication: MTNewswires
Publication Author: MT Newswires
Date: 2022-01-28
Article: Health care stocks were moderately higher this afternoon, with the NYSE Health Care Index rising 0.6% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 1.4%. In company news, Insulet ([PODD](https://www.nasdaq.com/market-activity/stocks/PODD))) rose almost 15% after the medical device company was cleared by the US Food and Drug Administration to begin sale of its Omnipod 5 automated insulin delivery system for individuals aged six years and older with type 1 diabetes. Omnipod 5 is the first tubeless automated delivery device integrated with Insulet's Dexcom G6 continuous glucose monitoring System and a smartphone app to automatically adjust insulin levels and helping protect patients against highs or lows. I-Mab ([IMAB](https://www.nasdaq.com/market-activity/stocks/IMAB))) gained 7% on Friday after announcing a new partnership agreement with the Hangzhou Qiantang New Area to produce its biologics and medications in China and accelerate commercialization efforts. Novavax ([NVAX](https://www.nasdaq.com/market-activity/stocks/NVAX))) climbed more than 11% after it announced an advance purchase agreement to supply 5 million doses of its NVX-CoV2373 vaccine candidate for COVID-19 to the Israeli health ministry. The deal also includes an option for Israel to buy an additional 5 million doses.
Stock Price 4 days before: 85.0368
Stock Price 2 days before: 79.7107
Stock Price 1 day before: 80.5899
Stock Price at release: 75.0
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: AMC
Security: AMC Entertainment Holdings, Inc.
Related Stocks/Topics: CNK|Markets|MCS|DIS|NFLX|AMZN
Title: Why Movie Theaters Could Be the Next Big Acquisition Target
Type: News
Publication: The Motley Fool
Publication Author: Collin Brantmeyer
Date: 2022-01-29
Article: After a [flurry of acquisitions in the gaming industry](https://www.fool.com/investing/2022/01/18/why-activision-blizzard-stock-jumped-today/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), investors looking to get ahead of future deals may be wondering which industry faces consolidation next. The answer could lie in movie theaters. ****Decree decreased****In 1948, the Supreme Court ruled in United States v. Paramount Pictures, Inc. that studios cannot own theaters due to antitrust laws. However, a federal judge granted The Department of Justice's motion to lift the "Paramount Decree" on August 7, 2020, starting a two-year sunset termination period. After the decree ends in August 2022, movie studios like **Disney** [(NYSE: DIS)](https://www.nasdaq.com/market-activity/stocks/dis) may look to enter the theatrical distribution business the quickest way possible: acquiring movie theater operators. [Smiling people watch a movie in a theater.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663617%2Fpeople-watching-movie-theater.jpeg&w=700) Image source: Getty Images. But why would studios acquire cineplexes when streaming is on the rise and brick-and-mortar movie exhibitors are struggling? For starters, blockbusters likeSpider-Man: No Way Home are still making money at the box office -- raking in $1.69 billion worldwide to date. And instead of making 55% to 60% of the gross ticket sales, a studio could take the full 100%. Just 1% extra on a billion-dollar blockbuster would earn a studio an extra $10 million.Alternatively, streaming services could get creative with their subscriptions by releasing blockbusters early or including tickets as part of its value proposition. Notably, **Amazon.com** and **Netflix** [(NASDAQ: NFLX)](https://www.nasdaq.com/market-activity/stocks/nflx) don't have to comply with the "Paramount Decree" because "they didn't exist when the decrees were signed." In fact, Netflix already purchased Grauman's Egyptian Theatre in 2020. Disney purchased the El Capitan Theatre in the 1980s, but that required court proceedings at the time of purchase -- which will no longer be the case come August. ****Potential targets******AMC Entertainment** [(NYSE: AMC)](https://www.nasdaq.com/market-activity/stocks/amc) is the world's largest cinema chain, owning roughly 950 theatres, and its enterprise value -- deserved or not -- reflects that at roughly $16.7 billion. AMC gains some competitive advantage from its broader reach in international markets compared to its competitors, with approximately a third of its theatres in Europe and the Middle East. Since most blockbusters gross more money internationally -- Spider Man: No Way Homehas made roughly 57% of its box office returns outside of the U.S. -- AMC may be a more attractive target than its domestically concentrated competitors. Outside of AMC, publicly traded movie theater companies like **Cinemark** [(NYSE: CNK)](https://www.nasdaq.com/market-activity/stocks/cnk) and **The Marcus Corporation** [(NYSE: MCS)](https://www.nasdaq.com/market-activity/stocks/mcs) have been struggling over the past couple of years -- largely because of the pandemic.Cinemark, at a $5.1 billion enterprise value, is a pure movie theater play, owning 524 theatres in the U.S. and Latin America. The Marcus Corporation, at a $1 billion enterprise value, owns or operates 85 theatres primarily in the Midwestern United States, but also owns or manages 19 hotels. Unlike [AMC's "meme stock" rise](https://www.fool.com/investing/2021/12/22/why-meme-stock-amc-entertainment-may-have-an-ongoi/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc), both Cinemark and The Marcus Corporation have seen their stocks cut in nearly half since the beginning of the pandemic, making both attractive to potential acquirers. ****Why it might not happen****The movie theater business is in decline, and the top chains carry massive debt. Cinemark's total debt has ballooned from $2 billion to $3.9 billion over the past three years. And while AMC has been able to pay down some of its nearly $11 billion total debt by issuing more than 400 million new shares over the last two fiscal years, it still might be a tough pill for an acquirer to swallow.Even before the pandemic, the theater industry sold 200 million fewer domestic tickets in 2019 compared to its highs in the early oughts. While movie theaters have been raising prices for years to compensate for the drop in ticket sales, there are no guarantees that moviegoers will return, especially as the pandemic seemingly continues into its third year. In fact, when CivicScience recently polled 60,000 Americans, 71% responded that they preferred watching something at home over going out to a movie.Still, as streaming grows in popularity, studios covet box office sales. This year, HBO Max ended same-day releases for its Warner Bros. theatrical releases, creating a 45-day window of theatrical exclusivity. No example may be more telling than Paramount delaying the release of Top Gun: Maverickfive times -- while reportedly refusing to sell the film to AppleTV+ and Netflix -- to see that its tentpole franchise has the opportunity to have a proper box office run. ****What's next****If movie theaters are able to replicate the success of Spider Man: No Way Homein the first half of 2022 with slated blockbuster releases like The Batmanand Top Gun: Maverick, don't be surprised if studios like Disney or the [soon-to-be Warner Bros. Discovery](https://www.fool.com/investing/2021/07/29/2-big-changes-happening-at-hbo-max/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) can't resist a larger piece of their billion-dollar franchises' pie. Watch their actions closely after the "Paramount Decree" sunsets in August -- or even sooner, if Amazon and Netflix want to take advantage of a loophole.As far as the most likely target, Cinemark appears to be the most attractive. While Cinemark doesn't offer the market penetration of AMC, its presence in Latin America could be attractive as Latin influences on Hollywood grow. And each Cinemark theatre works out to $9.7 million of the company's enterprise value -- the best and lowest per-theater value among its competitors. **10 stocks we like better than Cinemark Holdings** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc) for investors to buy right now... and Cinemark Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=869e4408-70c6-4d52-814c-1de660379691&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DCinemark%2520Holdings&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e715996f-bbf9-4cea-a064-8984ae1248fc)*Stock Advisor returns as of January 10, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. [Collin Brantmeyer](https://boards.fool.com/profile/CMFMoneyBall/info.aspx) owns Amazon, Netflix, and Walt Disney. The Motley Fool owns and recommends Amazon, Netflix, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 15.9
Stock Price 2 days before: 15.9473
Stock Price 1 day before: 14.2546
Stock Price at release: 14.5698
Risk-Free Rate at release: 0.0004
| 17.502 |
Broader Economic Information:
Date: 2022-01-28
Title: Eastman Chemical (EMN) Q4 Earnings Miss, Sales Beat Estimates
Article: **Eastman Chemical Company** [EMN](https://www.nasdaq.com/market-activity/stocks/emn) recorded a profit of $378 million or $2.81 per share for the fourth quarter of 2021, up from a profit of $32 million or 23 cents in the year-ago quarter.Barring one-time items, earnings were $1.81 per share for the quarter, up from $1.69 in the year-ago quarter. Earnings, however, missed the Zacks Consensus Estimate of $1.89. Revenues rose around 23% year over year to $2,694 million in the quarter. The figure surpassed the Zacks Consensus Estimate of $2,424.9 million.The company gained from strong growth of its specialty product lines on the back of its innovation-driven growth model amid headwinds from supply-chain and logistics constraints and higher raw material and energy costs in the reported quarter. It saw higher end-market demand on the back of the global economic recovery. **Eastman Chemical Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart)[Eastman Chemical Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/EMN/price-consensus-eps-surprise-chart?icid=chart-EMN-price-consensus-eps-surprise-chart) | [Eastman Chemical Company Quote](https://www.nasdaq.com/market-activity/stocks/emn) ******Segment Review** Revenues from the Additives and Functional Products division went up 17% year over year to $907 million for the reported quarter, aided by higher selling prices. Sales volume/mix was flat as gains in major markets, including building & construction, feed additives, and aviation fluids, were masked by the impact of the divested tire additives product lines.Revenues from the Advanced Materials unit rose 15% year over year to $772 million in the previous-year quarter. The upside was driven by volume/mix growth and higher selling prices. The volume growth and favorable product mix were driven by innovation and market development as well as stronger demand for specialty plastics products.Chemical Intermediates sales climbed 46% year over year to $777 million, led by an increase in selling prices due to higher raw material, energy and distribution prices. Improved mix on higher sales of functional amines in the agricultural end market and specialty plasticizers was masked by reduced sales volume due to the closure of the company’s Singapore manufacturing facility.Fibers segment sales went up 14% year over year to $238 million, on the back of volume/mix growth driven by strong growth for textiles products due to innovation and market development and recovery of the textiles end market. **FY21 Results** Earnings for full-year 2021 were $6.25 per share compared with earnings of $3.50 per share a year ago. Net sales shot up 24% year over year to $10,476 million. **Financials** Eastman Chemical ended 2021 with cash and cash equivalents of $459 million, a roughly 19% year-over-year decline. Net debt at the end of the year was $4,700 million, a roughly 7% decline year over year.Eastman Chemical generated cash from operating activities of $1,619 million and a free cash flow of $1,064 million in 2021. The company also returned $1.4 billion to its shareholders through dividends and share repurchases during the year. It also repaid $350 million of debt in 2021. **Guidance** Moving ahead, Eastman Chemical envisions market demand to remain strong and expects the pricing actions that it took in the second half of 2021 to deliver a strong spread tailwind in the specialty businesses. It also expects to benefit from innovation and market development initiatives as well as a significantly lower cost structure as it continues to implement its operations transformation program and have considerably lower manufacturing maintenance costs.The company expects revenues in 2022 to be higher on a year-over-year basis. It expects adjusted earnings per share of $9.50-$10 for 2022. It also anticipates operating cash flow to be more than $1.6 billion for this year. **Price Performance** Eastman Chemical’s shares have gained 18.6% over a year, outperforming the 6.3% rise of the [industry](https://www.zacks.com/stocks/industry-rank/industry/chemical-diversified-34). [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0f/16802.jpg?v=1634257370) Image Source: Zacks Investment Research******Zacks Rank & Other Key Picks** Eastman Chemical currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth considering in the basic materials space include **Commercial Metals Company** [CMC](https://www.nasdaq.com/market-activity/stocks/cmc), **Albemarle Corporation** [ALB](https://www.nasdaq.com/market-activity/stocks/alb) and **AdvanSix Inc.** [ASIX](https://www.nasdaq.com/market-activity/stocks/asix). Commercial Metals, sporting a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised 39.5% upward over the past 60 days. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?adid=ZP_quote_ribbon_1list&icid=zpi_quote_ribbon_1list)**.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 13.1%, on average. CMC has rallied around 68% in a year.Albemarle, carrying a Zacks Rank #1, has an expected earnings growth rate of 51.3% for the current year. ALB's consensus estimate for the current year has been revised 5.4% upward over the past 60 days.Albemarle beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 22.1%. ALB shares have gained around 24% in a year.AdvanSix, carrying a Zacks Rank #1, has an expected earnings growth rate of 7.4% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised 5.3% upward in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 46.9%. ASIX has rallied around 88% in a year. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_210_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Albemarle Corporation (ALB): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALB&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Eastman Chemical Company (EMN): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMN&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Commercial Metals Company (CMC): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CMC&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [AdvanSix (ASIX): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=NASDAQ_CONTENT_ZR_ARTCAT_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858836/eastman-chemical-emn-q4-earnings-miss-sales-beat-estimates?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-1858836) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Earnings Preview: Tompkins Financial (TMP) Q4 Earnings Expected to Decline
Article: The market expects Tompkins Financial (TMP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the [upcoming earnings report](https://www.zacks.com/stock/research/TMP/earnings-calendar). On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the [earnings call](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This financial services company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of -9.3%.Revenues are expected to be $76.27 million, down 0.4% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. **Earnings Whisper** Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). **How Have the Numbers Shaped Up for Tompkins?**For Tompkins, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Tompkins will beat the consensus EPS estimate. **Does Earnings Surprise History Hold Any Clue?**Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Tompkins would post earnings of $1.48 per share when it actually produced earnings of $1.66, delivering a surprise of +12.16%. Over the last four quarters, the company has beaten consensus EPS estimates three times. **Bottom Line** An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Tompkins doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_518_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Tompkins Financial Corporation (TMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859324/earnings-preview-tompkins-financial-tmp-q4-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-1859324) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: Retail Loss to Affect Humana's (HUM) Q4 Earnings: Here's How
Article: **Humana Inc.** [HUM](https://www.nasdaq.com/market-activity/stocks/hum) is set to report fourth-quarter 2021 results on Feb 2, before the opening bell.In the last reported quarter, the leading health care plan provider reported adjusted earnings per share of $4.83, beating the Zacks Consensus Estimate of $4.61, backed by solid contribution from its Retail and Healthcare Services segments. Also, state-based contracts’ membership growth buoyed the results. Humana beat the consensus estimate in each of the prior four quarters, with the average earnings surprise being 3.4%. This is depicted in the graph below:**Humana Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise)[Humana Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HUM/price-eps-surprise?icid=chart-HUM-price-eps-surprise) | [Humana Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hum) Let’s see how things have shaped up prior to the [fourth-quarter earnings](https://www.zacks.com/stock/research/HUM/earnings-calendar) announcement. **Trend in Estimate Revision** The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.23 has witnessed no movement in the past 30 days. The estimated figure suggests an improvement from the prior-year loss of $2.30 per share. The consensus estimate for fourth-quarter revenues of $21.2 billion indicates an 11% increase from the year-ago reported figure. **Factors to Note** The company’s top line is likely to have witnessed an upside in the fourth quarter owing to higher premiums and strong Medicaid and Medicare lines of businesses. It is also likely to have gained from state-based membership growth and a solid contribution from the Healthcare Services segment.For the fourth quarter, the benefit ratio from the Retail segment is expected to grow from the year-ago period. Increased per member Medicare Advantage premiums might have aided the segment’s performance. Yet, profits are expected to have taken a hit from rising costs and expenses.The Zacks Consensus Estimate for total medical membership suggests a hike of 1.7% from the year-ago reported figure. The consensus mark for total premium revenues indicates an 8.2% year-over-year increase. The Zacks Consensus Estimate for Specialty Membership indicates a 6.3% year-over increase.The Zacks Consensus Estimate for pretax earnings from the Healthcare Services segment is pegged at $356 million, indicating a massive jump from $122 million a year ago. This could have positioned the company for year-over-year bottom-line growth. The consensus mark for pretax loss for the Group and Specialty segment is pegged at $60 million. Also, the consensus mark for pretax loss from the Retail segment is pegged at $76 million, making an earnings beat uncertain. **Earnings Whispers** Our proven model does not conclusively predict an earnings beat for Humana this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. **Earnings ESP**: The company’s Earnings ESP is 0.00%. This is because the Most Accurate Estimate is currently pegged at earnings of $1.23 per share, in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: Humana currently carries a Zacks Rank #4 (Sell). **Stocks to Consider** While an earnings beat looks uncertain for Humana, here are some companies from the [medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:**Community Health Systems, Inc.** [CYH](https://www.nasdaq.com/market-activity/stocks/cyh) has an Earnings ESP of +23.00% and a Zacks Rank of 1. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate for Community Health Systems’ 2021 earnings suggests an increase of 257.8% year over year. **Universal Health Services, Inc.** [UHS](https://www.nasdaq.com/market-activity/stocks/uhs) has an Earnings ESP of +2.33% and is a Zacks #3 Ranked player.The consesnsus estimate for Universal Health Services’ bottom line for 2021 indicates 5.4% year-over-year growth. **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh) has an Earnings ESP of +0.35% and a Zacks Rank #3.The Zacks Consensus Estimate for UnitedHealth Group’s 2021 earnings suggests an increase of 14.1% year over year.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_ANALYSTBLOG_211_01282022&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Universal Health Services, Inc. (UHS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UHS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Humana Inc. (HUM): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HUM&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Community Health Systems, Inc. (CYH): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CYH&ADID=NASDAQ_CONTENT_ZER_ARTCAT_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1859257/retail-loss-to-affect-humana-s-hum-q4-earnings-here-s-how?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-1859257) [Zacks Investment Research](http://www.zacks.com/)
Date: 2022-01-28
Title: CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates
Article: BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) -- **CoreCivic, Inc. (NYSE: CXW)** (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company's website at [www.corecivic.com](https://www.globenewswire.com/Tracker?data=YjXEqGriIrWzacg4goXgAYiOwY52q2cdst1ovPs3SIQplti-nIdSvr0JlQBxv8ThHmZCCf3H8G2eNf2LZJYGOg==) under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205. **About CoreCivic** CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. \begin{table}{|c|c|} \hline Contact: & Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024Media: Steve Owen – Vice President, Communications - (615) 263-3107 \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDkwMyM0Njk4MjM5IzIwMDU1ODA=) [Image](https://ml.globenewswire.com/media/ZWYxZDk1MGUtMzEwZi00NjkzLWE4MGYtNzllZDNiZDQ3ZDYxLTEwMTcxNTM=/tiny/CoreCivic-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/bfda1f11-c40a-4d35-81b6-04c87c3c29dd) Source: CoreCivic, Inc.
Date: 2022-01-28
Title: Southside Bancshares (SBSI) Q4 Earnings and Revenues Beat Estimates
Article: Southside Bancshares (SBSI) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.33%. A quarter ago, it was expected that this holding company for Southside Bank would post earnings of $0.64 per share when it actually produced earnings of $0.90, delivering a surprise of 40.63%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Southside Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $64.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.70%. This compares to year-ago revenues of $62.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Southside Bancshares shares have lost about 0.1% since the beginning of the year versus the S&P 500's decline of -9.2%. **What's Next for Southside Bancshares?**While Southside Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this [earnings release](https://www.zacks.com/stock/research/SBSI/earnings-calendar), the estimate revisions trend for Southside Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $62 million in revenues for the coming quarter and $2.88 on $254.1 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Red River Bancshares (RRBI), another stock in the same industry, has yet to report results for the quarter ended December 2021.This holding company for Red River Bank is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Red River Bancshares' revenues are expected to be $23.71 million, down 4.6% from the year-ago quarter. **Infrastructure Stock Boom to Sweep America** A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. [Download FREE: How to Profit from Trillions on Spending for Infrastructure >>](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/3b9f?add=1728&adid=NASDAQ_CONTENT_ZU_INFRASTRUCTUREREPORTGLOBAL_TALEOFTAPE_513_01282022&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Southside Bancshares, Inc. (SBSI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SBSI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [Red River Bancshares, Inc. (RRBI): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RRBI&ADID=NASDAQ_CONTENT_ZR_ARTCAT_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858859/southside-bancshares-sbsi-q4-earnings-and-revenues-beat-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-1858859)
Broader Industry Information:
Date: 2022-01-28
Title: VAALCO Energy Declares Initial Quarterly Dividend
Article: HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("**VAALCO**" or the "**Company**")****today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO’s Chief Executive Officer, commented, "In the current environment, we believe that it is important for E&P companies to demonstrate a commitment to shareholder returns. The declaration of our first cash dividend and implementation of a sustainable, quarterly cash dividend reflects the strength of our business, our robust balance sheet and ability to generate meaningful free cash flow moving forward. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value." \begin{table}{|c|c|} \hline For Further Information & \\ \hline & \\ \hline VAALCO Energy, Inc. (General and Investor Enquiries) & +00 1 713 623 0801 \\ \hline Website: & www.vaalco.com \\ \hline & \\ \hline Al Petrie Advisors (US Investor Relations) & +00 1 713 543 3422 \\ \hline Al Petrie / Chris Delange & \\ \hline & \\ \hline Buchanan (UK Financial PR) & +44 (0) 207 466 5000 \\ \hline Ben Romney / Jon Krinks/ James Husband & [email protected] \\ \hline \end{table} **Forward Looking Statements** This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, the payment of dividends, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. **Inside Information** This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTMyNiM0Njk5NTMxIzIwMjkxNTM=) [Image](https://ml.globenewswire.com/media/MDIwNmNhYTEtOWU4Ny00ZjUyLWJjMGEtNGI3YTAzYjA3Y2YyLTEwNDA3MjQ=/tiny/VAALCO-Energy-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1d9b8ba4-44da-4fa9-b115-ea91733ec795) Source: VAALCO Energy, Inc.
Date: 2022-01-29
Title: Want $200 in Monthly Dividend Income? Invest $26,500 in These High-Yield Stocks
Article: While there is no shortage of ways to make money on Wall Street, few investing strategies have proved more successful over long periods of time than buying [dividend stocks](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).In 2013, J.P. Morgan Asset Management, a division of **JPMorgan Chase**, issued a report that compared the performance of publicly traded companies paying a dividend to their non-dividend-paying peers over a four-decade stretch (1972-2012). The results were as eye-opening as you might expect. Companies that paid a dividend [averaged an annual return of 9.5% over 40 years](https://www.fool.com/investing/2019/12/25/this-is-the-gift-that-keeps-on-giving-all-year-lon.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). By comparison, the non-dividend-paying stocks struggled to an annualized gain of 1.6% over the same period. [Two slightly curled one hundred dollar bills placed on a smooth surface. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Ftwo-hundred-dollars-cash-money-invest-retire-stocks-getty.jpg&w=700) Image source: Getty Images. The reason for this massive difference in long-term performance is pretty straightforward: Companies that sustainably pay and/or grow their dividends tend to be profitable and time-tested. Businesses that are profitable and have transparent long-term growth outlooks are expected to increase in value over time.However, buying dividend stocks does come with one noted risk: Chasing yield.Ideally, income investors want the highest yield possible with the least amount of risk. But the data shows that [risk and yield tend to correlate](https://www.fool.com/investing/2017/03/22/the-ironic-truth-about-dividend-stocks.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) once you hit the high-yield category (4% and above). Since yield is a function of payout relative to share price, a struggling company with a plunging share price can trick investors into thinking they've found the income jackpot. In other words, high-yield stocks require a lot of careful vetting by income investors.But every so often, dividend gems emerge. While most dividend stocks parse out their payments to shareholders every three months, a small group of high-yielding companies doles out payouts on a monthly basis. If you were to invest $26,500 (split equally) into the following trio of top-notch monthly payers, their average yield of 9.07% would generate $200 in monthly dividend income. [Ascending stacks of coins placed in front of a two-story home.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fproperty-tax-house-home-coins-invest-inflation-mortgage-getty.jpg&w=700) Image source: Getty Images. **AGNC Investment Corp.: 9.78% yield** The highest-yielding monthly payer on this list is mortgage [real estate investment trust](https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) (REIT) **AGNC Investment Corp.** [(NASDAQ: AGNC)](https://www.nasdaq.com/market-activity/stocks/agnc). Believe it or not, the company's nearly 9.8% yield is below its historic average. Over the past 13 years, AGNC has averaged a double-digit dividend yield for 12 of those years.Though the securities mortgage REITs own can sometimes be complex, their operating model is relatively straightforward. AGNC Investment aims to borrow money at low short-term lending rates and uses this capital to purchase higher-yielding long-term assets, like mortgage-backed securities (MBSs). The goal for the company is to maximize its net interest margin, which is determined by taking the average yield from its asset portfolio and subtracting the average borrowing rate.One reason for investors to be excited about AGNC is [where we are in the economic growth cycle](https://www.fool.com/investing/2021/12/06/3-ultra-high-yield-dividend-stocks-buy-in-december/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). It's common for the interest rate yield curve to steepen when coming out of a recession. This "steepening" involves the gap in yields between short- and long-term Treasury bonds widening. When this happens, AGNC typically sees its net interest margin increase.Something else that'll be key for AGNC's success is the Federal Reserve slow-stepping its monetary policy changes. Although higher lending rates should increase short-term borrowing costs, what AGNC is counting on is the nation's central bank outlaying its policy proposal and sticking to that plan. As long as there are no big surprises, AGNC and its peers will have ample time to adjust their portfolios to maximize profits. Investors will also note that $82 billion of the company's $84.1 billion in investment portfolio assets are agency securities. An agency asset is backed by the federal government in the unlikely event of a default. This protection [allows AGNC Investment to deploy leverage](https://www.fool.com/investing/2022/01/20/5-value-stocks-thatll-make-you-richer-in-2022/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) in order to increase its profit potential. [Two people using a laptop and whiteboard to discuss business strategy. ](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusinesswoman-meeting-pie-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **PennantPark Floating Rate Capital: 9.09% yield** Another high-yield dividend stock delivering a juicy monthly payout is business development company **PennantPark Floating Rate Capital** [(NASDAQ: PFLT)](https://www.nasdaq.com/market-activity/stocks/pflt). For nearly seven years, PennantPark has doled out a monthly payout of $0.095, which works out to a yield of more than 9%, as of Jan. 23.Like AGNC, PennantPark Floating Rate Capital has an easy-to-understand operating model. It predominantly invests in middle-market companies via first-lien secured debt and equity investments, such as [preferred stock](https://www.fool.com/investing/stock-market/types-of-stocks/common-stock-vs-preferred-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). A middle-market business is a publicly traded company on the micro-cap or small-cap spectrum. The reason it focuses on middle-market companies is because there's not as much competition and the [yields on outstanding debt tend to be higher](https://www.fool.com/investing/2021/10/23/want-100-in-monthly-dividend-income-invest-15100/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f).The beauty of PennantPark's operating model can be seen in the breakdown of its asset portfolio. For example, the company's fiscal 2021 year-end portfolio consisted of approximately $943 million in debt, 99% of which was of the [variable-rate variety](https://www.fool.com/personal-finance/2017/08/31/fixed-rate-vs-variable-rate-whats-the-best-deal.aspx?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f). With the Federal Reserve expected to raise rates three or more times in 2022, PennantPark should see a sharp uptick in net interest income in the years that lie ahead. The credit quality of PennantPark's debt portfolio is equally impressive. Only two of the 110 company-based investments were on non-accrual (i.e., delinquent), according to the company's year-end report. This represents less than 3% of the company's overall portfolio value. Meanwhile, it's generating an inflation-topping 7.4% average yield on its outstanding debt investments.PennantPark Floating Rate Capital isn't going to make investors rich, but it's a smart way to generate income that'll handily outpace the prevailing inflation rate. [Employees using laptops and tablets to examine business metrics during a conference room meeting.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F662507%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&w=700) Image source: Getty Images. **Horizon Technology Finance Corp.: 8.33% yield** The third high-yield stock [doling out an insanely high monthly payout](https://www.fool.com/investing/2021/04/03/5-stocks-that-cut-you-a-check-each-month/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) is specialty finance company **Horizon Technology Finance Corp.** [(NASDAQ: HRZN)](https://www.nasdaq.com/market-activity/stocks/hrzn). Horizon has paid a steady $0.10 each month to its shareholders since December 2016.What makes HTFC, as the company is commonly known, such an intriguing business is its focus on lending to a number of high-growth and innovative industries backed by venture capital. In particular, HTFC's loan portfolio primarily targets technology, healthcare information, renewable energy, and life science companies. The high-growth potential backing these companies often allows HTFC to nab favorable rates on what it loans out. Even though many of the 43 debt investments Horizon has made are in relatively young companies, the credit quality of its portfolio is impressive. Only three of the 43 investments are below the standard level of risk, with a mere $2.8 million of the company's nearly $430 million debt investment portfolio (as of Sept. 30) at a high risk of losing principal.What does prudent risk management do for a company that's lending to high-growth businesses? In the third quarter, it led to an [annualized portfolio yield on debt investments of 16.2%](https://www.fool.com/earnings/call-transcripts/2021/10/27/horizon-technology-finance-hrzn-q3-2021-earnings-c/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f), which in turn provided a lift to the company's net asset value from the prior-year period.Something else intriguing about Horizon Technology Finance Corp. that you won't see from the other companies on this list is that it has an active stock repurchase program. Last year, the company's board authorized the repurchase of up to $5 million in the company's stock. Buying back stock reduces the number of shares outstanding, which can increase earnings per share and make a company more fundamentally attractive. Share repurchases are often also a sign of steady profitability. **10 stocks we like better than AGNC Investment Corp. **When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f) for investors to buy right now... and AGNC Investment Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. [See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=88c913e7-4f48-4b02-9b81-0756a6d39bed&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DAGNC%2520Investment%2520Corp.&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=dfa3c651-9f0b-4296-b1f4-bdc9ad4a303f)*Stock Advisor returns as of January 10, 2022 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. [Sean Williams](https://boards.fool.com/profile/TMFUltraLong/info.aspx) has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Date: 2022-01-28
Title: Soleno Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Article: REDWOOD CITY, Calif., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to new employees. The independent members of the Board of Directors of Soleno approved the grant of a non-qualified stock option to purchase 70,000 shares of common stock to each of Scott Madsen and Charles Horn, Soleno’s new VP, CMC and VP, Quality, respectively, as an inducement for them entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.34 per share, which is equal to the closing price of Soleno’s common stock on the Nasdaq Stock Market on January 28, 2022, the date of grant. The option award will vest over a four-year period, with 25% of the shares subject to the award vesting on the one-year anniversary of the date of grant, and thereafter an additional 25% of the shares subject to the award vesting on each succeeding annual anniversary of the date of grant, subject to such employee’s continued employment with Soleno through such vesting dates. The option award is subject to the terms and conditions of Soleno’s existing 2020 Inducement Equity Incentive Plan and the terms and conditions of the stock option covering the grant. About Soleno Therapeutics, Inc. Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s lead candidate, DCCR extended-release tablets, a once-daily oral tablet for the treatment of Prader-Willi Syndrome (PWS), is currently being evaluated in a Phase 3 clinical development program. For more information, please visit www.soleno.life. Corporate Contact:Brian RitchieLifeSci Advisors, LLC212-915-2578 [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NTQyMCM0Njk5NzkwIzUwMDA3Mjk5OQ==) [Image](https://ml.globenewswire.com/media/MTU5MjA4ZjItNWU3ZC00ZTI1LTk1NmUtMmNmYzJjYWNlZTFmLTUwMDA3Mjk5OQ==/tiny/Soleno-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6ad7f8-f61c-45d6-8b8d-9bc78be2f8b6) Source: Soleno Therapeutics
Date: 2022-01-28
Title: Southern Missouri Bancorp, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Article: As you might know, **Southern Missouri Bancorp, Inc.** (NASDAQ:SMBC) just kicked off its latest quarterly results with some very strong numbers. Southern Missouri Bancorp beat earnings, with revenues hitting US$30m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 12%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.[earnings-and-revenue-growth](https://images.simplywall.st/asset/chart/349262-earnings-and-revenue-growth-1-dark/1643369403264) NasdaqGM:SMBC Earnings and Revenue Growth January 28th 2022Following last week's earnings report, Southern Missouri Bancorp's dual analysts are forecasting 2022 revenues to be US$120.7m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 9.1% to US$5.08 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$115.6m and earnings per share (EPS) of US$4.69 in 2022. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.8% to US$63.50per share. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Southern Missouri Bancorp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Southern Missouri Bancorp's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 1.3% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.7% annually. So it's clear that despite the slowdown in growth, Southern Missouri Bancorp is still expected to grow meaningfully faster than the wider industry. **The Bottom Line** The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Southern Missouri Bancorp following these results. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2023, which can be seen for free [on our platform here.](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past-future-earnings) Before you take the next step you should know about the [1 warning sign for Southern Missouri Bancorp](https://simplywall.st/stocks/us/banks/nasdaq-smbc/southern-missouri-bancorp?blueprint=1874891&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) that we have uncovered. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDg5MTpiNTRiNmNmZmEzMGZmYzIz)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-29
Title: DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) When so much news centers around companies going public, it is sometimes hard to notice when companies do the opposite. [Going private](https://www.investopedia.com/terms/g/going-private.asp) often occurs when the entire stock of a publicly traded company is acquired by a private equity firm or multiple firms. Today brought an example of exactly that as Chinese **DouYu International Holdings** (NASDAQ: [DOYU](https://investorplace.com/stock-quotes/doyu-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) announced that it would be going private. Furthermore, entertainment conglomerate **Tencent Holdings**(OTCMKTS: [TCEHY](https://investorplace.com/stock-quotes/tcehy-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) is behind the move. DOYU stock has reacted very well to the news, and so far it has been good for TCEHY as well. [Tencent (<a href=](https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-3-300x169.jpg) TCEHY) sign on Tencent headquarters in Shenzhen, China." width="300" height="169">Source: StreetVJ / Shutterstock.com** What’s Happening With DOYU Stock** The announcement of this pending deal sent DOYU stock shooting up this morning. A previously overlooked penny stock, DOYU plunged last Friday, but following today’s gains, it is in the green. Indeed, it slid 4% as markets opened today but was quick to rebound. As of this writing, it is up almost 14% for the day. It’s up by more than 2% for the week and almost 3% for the month. However, DOYU stock was trading at more than $4 per share less than six months ago and is still at only $2.50.Tencent is also rising today, though its pattern has been one of turbulence. As of this writing, it is up 0.18% for the day but remains in the red for the week by just under 1.5%. In 2021, the company faced some regulatory hurdles when its merger with fellow Chinese game producer **Huya** (NYSE:** [HUYA](https://investorplace.com/stock-quotes/huya-stock-quote/?utm_source=Nasdaq&utm_medium=referral)**) was [blocked](https://www.bloomberg.com/news/articles/2021-08-26/tencent-beefs-up-game-streaming-arm-after-china-kills-merger) on antirust grounds. **Why It Matters** Tencent was likely to expand its stake in DouYu following that incident. That type of merger would have placed it solidly in the lead of China’s gaming race. The previous year was marked by [regulatory trends](https://investorplace.com/2021/08/video-game-stocks-why-bili-huya-and-ntes-stocks-are-powering-down-today/?utm_source=Nasdaq&utm_medium=referral) that threatened China’s gaming sector, but companies have been working hard to rise above these constraints. For Tencent, this means finding new expansion tactics, such as increasing its stake in smaller gaming companies, like DouYu.According to Nikkei Asia, Tencent was already the largest shareholder in DouYu with [a 37% stake](https://asia.nikkei.com/Business/China-tech/Tencent-will-take-US-listed-streamer-DouYu-private-sources). It is currently in talks with investment banking institutions to find the partner it needs to acquire the remaining shares. According to anonymous company sources, the move to go private is a reflection of Tencent’s desire to “have a firm grip on its core gaming affiliates at a time when it faces a raft of regulatory issues.” That certainly seems to be the case. As of now, this deal is a mutually beneficial agreement for both parties. It has sent DOYU stock up and provided Tencent with the platform extension that it needs. This comes at a good time. Late in 2021, China’s government [granted authorization](https://www.reuters.com/technology/china-allows-tencent-publish-app-updates-again-after-suspension-2021-12-17/) to the company to continue publishing updates. **What It Means** Tencent is also exploring aspects of the [metaverse](https://investorplace.com/2021/12/what-does-the-metaverse-mean-for-non-gamers/?utm_source=Nasdaq&utm_medium=referral). We know there’s plenty of potential in that area, and the company’s gaming tech holdings will only prove beneficial as it ventures into this highly profitable area of gaming.With Chinese gaming companies, the threat of regulatory action is never far away. That said, Tencent’s track record with its government is pretty good. If nothing changes on that front, there’s no reason taking DOYU stock private won’t prove to be an excellent decision for Tencent. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).The post [DOYU Stock Alert: What to Know About the Tencent News Lifting DouYu Today](https://investorplace.com/2022/01/doyu-stock-alert-what-to-know-about-the-tencent-news-lifting-douyu-today/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Broader Sector Information:
Date: 2022-01-28
Title: Pre-Market Earnings Report for January 31, 2022 : LHX, TT, OTIS, FFWM, AKTS
Article: The following companies are expected to report earnings prior to market open on 01/31/2022. Visit our [Earnings Calendar](https://www.nasdaq.com/market-activity/earnings) for a full list of expected earnings releases. **L3Harris Technologies, Inc.** ([LHX](http://www.nasdaq.com/market-activity/stocks/LHX))) is reporting for the quarter ending December 31, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.25. This value represents a 3.50% increase compared to the same quarter last year. In the past year [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.58%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [LHX](http://www.nasdaq.com/market-activity/stocks/LHX) is 16.74 vs. an industry ratio of 9.20, implying that they will have a higher earnings growth than their competitors in the same industry. **Trane Technologies plc** ([TT](http://www.nasdaq.com/market-activity/stocks/TT))) is reporting for the quarter ending December 31, 2021. The technology services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.31. This value represents a 27.18% increase compared to the same quarter last year. [TT](http://www.nasdaq.com/market-activity/stocks/TT) missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -3.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [TT](http://www.nasdaq.com/market-activity/stocks/TT) is 27.97 vs. an industry ratio of 26.60, implying that they will have a higher earnings growth than their competitors in the same industry. **Otis Worldwide Corporation** ([OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS))) is reporting for the quarter ending December 31, 2021. The building company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.68. This value represents a 3.03% increase compared to the same quarter last year. In the past year [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.48%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [OTIS](http://www.nasdaq.com/market-activity/stocks/OTIS) is 27.81 vs. an industry ratio of -5.00, implying that they will have a higher earnings growth than their competitors in the same industry. **First Foundation Inc.** ([FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM))) is reporting for the quarter ending December 31, 2021. The bank (southwest) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.40. This value represents a 20.00% decrease compared to the same quarter last year. In the past year [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 29.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for [FFWM](http://www.nasdaq.com/market-activity/stocks/FFWM) is 10.97 vs. an industry ratio of 14.50. **Akoustis Technologies, Inc.** ([AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS))) is reporting for the quarter ending December 31, 2021. The semi-radio frequency company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.19. This value represents a 13.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for [AKTS](http://www.nasdaq.com/market-activity/stocks/AKTS) is -5.83 vs. an industry ratio of 8.60.
Date: 2022-01-28
Title: Kevin Gaughen Just Bought A Sprinkling of Shares In Hingham Institution for Savings (NASDAQ:HIFS)
Article: Whilst it may not be a huge deal, we thought it was good to see that Kevin Gaughen, who is a company insider, recently bought US$57k worth of stock, for US$373 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. **The Last 12 Months Of Insider Transactions At Hingham Institution for Savings** In the last twelve months, the biggest single sale by an insider was when the Independent Director, Scott Moser, sold US$400k worth of shares at a price of US$364 per share. So what is clear is that an insider saw fit to sell at around the current price of US$363. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Over the last year, we can see that insiders have bought 1.09k shares worth US$358k. But they sold 9.44k shares for US$3.1m. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction NasdaqGM:HIFS Insider Trading Volume January 28th 2022For those who like to find **winning investments** this **free** [list of growing companies with recent insider purchasing, could be just the ticket.](https://simplywall.st/discover/investing-ideas/16951/growing-companies-with-insider-buying?blueprint=1874738&utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=nasdaq) **Insider Ownership** For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hingham Institution for Savings insiders own about US$138m worth of shares (which is 18% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. **So What Does This Data Suggest About Hingham Institution for Savings Insiders?**The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Hingham Institution for Savings is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, [we've identified 1 warning sign with Hingham Institution for Savings](https://simplywall.st/stocks/us/banks/nasdaq-hifs/hingham-institution-for-savings?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#executive-summary) and understanding it should be part of your investment process.If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this **free** [list of interesting companies, that have HIGH return on equity and low debt.](https://simplywall.st/discover/investing-ideas/16053/high-return-on-equity-low-debt?blueprint=1874738&utm_medium=finance_user&utm_campaign=conclusion-grid&utm_source=nasdaq) For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. **Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NDczODo4MThiZGU0MDZjZTI0YWM1)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Date: 2022-01-28
Title: EMPIRE STATE BUILDING TO CELEBRATE LUNAR NEW YEAR WITH VIRTUAL TOWER LIGHTING CEREMONY AND FESTIVE FIFTH AVENUE LOBBY WINDOW DISPLAY
Article: To celebrate the Year of the Tiger, the building will shine red for its 22nd consecutive year NEW YORK, Jan. 28, 2022 /PRNewswire/ -- [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3155977270&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=The+Empire+State+Building) (ESB) today announced a Lunar New Year celebration on Jan. 30 with a virtual lighting ceremony and reveal of a new, festive Fifth Avenue Lobby window installation to celebrate the Year of the Tiger. [](https://mma.prnewswire.com/media/1736234/Empire_State_5th_Ave_Windows.html) At 4:45 p.m. EST, the Empire State Building's world-famous tower lights will be lit red in a virtual lighting ceremony to coincide with the New York City sunset. The ceremony will be available for playback on [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2011669586&u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DFrLFNPVIg1I&a=YouTube), [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3955823277&u=https%3A%2F%2Fwww.facebook.com%2Fevents%2F2048935191941349%2F&a=Facebook), Weibo, and WeChat. The building's iconic Fifth Avenue Lobby windows this year feature a festive installation with artistic imagery and representations of this year's animal – the tiger. Revered as heroic characters, tigers symbolize great strength amid adversity. The animal is depicted in an array of colors and art styles among diverse landscapes in a series of three scenes. The windows celebrate Chinese culture and history with images in florals, white, and gold. The festive display will remain in the lobby until Feb. 24. "Our tower lighting and Fifth Avenue window displays are annual Lunar New Year traditions at the Empire State Building, and we are happy to celebrate the Chinese community in the US, in China, and all over the world," said Jean-Yves Ghazi, president of the Empire State Building Observatory. More information about the Empire State Building and its tower lights can be found [online](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1017946071&u=https%3A%2F%2Fwww.esbnyc.com%2F&a=online). B-roll of the lighting and imagery of the windows can be found [here](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1486646032&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2F347qdm8r5ojbk62%2FAAAPCl8zC7MA80RZgF3y6Q6Ma%3Fdl%3D0&a=here). **About the Empire State Building** [The Empire State Building](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=598300496&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FTuS1Cn5zG6h6KnKmiKHQyf%3Fdomain%3Du17581168.ct.sendgrid.net&a=The+Empire+State+Building), "The World's Most Famous Building," owned by [Empire State Realty Trust](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2915243983&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FmEX6Co2OAXTKBkBvhNfNiO%3Fdomain%3Du17581168.ct.sendgrid.net&a=Empire+State+Realty+Trust), Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience creates an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop-culture. Learn more at [www.esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1787624118&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F9KPKCpYz9LFxv5vAsBRwmO%3Fdomain%3Du17581168.ct.sendgrid.net&a=www.esbnyc.com). Declared "America's Favorite Building" by the American Institute of Architects, as well as the world's most popular travel destination by Uber and the #1 New York City attraction by Lonely Planet, it welcomes more than 4 million annual visitors from around the world. Since 2011, the building has been fully powered by renewable wind electricity, and its many floors primarily house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit [esbnyc.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=507827718&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2F8b8GCqx2ALh7z9zXs2zmf1%3Fdomain%3Du17581168.ct.sendgrid.net&a=esbnyc.com) or follow the building's [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1246038396&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Ffdu4CrkYgVSD1x12iRLBWp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Facebook), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2924726993&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FzmqNCv2jmLTy2v2AcnRdYv%3Fdomain%3Du17581168.ct.sendgrid.net&a=Twitter), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=509623420&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FbwSCCwpkn7sRAoAySGXQZp%3Fdomain%3Du17581168.ct.sendgrid.net&a=Instagram), [Weibo](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=1646262333&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fw7X0CxkloLSQ9Z9xuqKR_u%3Fdomain%3Du17581168.ct.sendgrid.net&a=Weibo), [YouTube](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=589890171&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2FZlGGCyPmp2uy0Y0LcqCRAg%3Fdomain%3Du17581168.ct.sendgrid.net&a=YouTube), or [TikTok](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3864430234&u=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fwq77CzpnqYsmxKx4hlVF0T%3Fdomain%3Du17581168.ct.sendgrid.net&a=TikTok). **About Empire State Realty Trust** Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of Dec. 31, 2021, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at [esrtreit.com](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3830573200&u=https%3A%2F%2Fwww.empirestaterealtytrust.com%2F&a=esrtreit.com) and by following ESRT on [Facebook](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=2905761644&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook), [Instagram](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=10240382&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram), [Twitter](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=648873528&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter) and [LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3427675-1&h=3597790723&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn). [](https://mma.prnewswire.com/media/1692548/ESB_90_Logo.html) [Cision](https://c212.net/c/img/favicon.png?sn=NY45949&sd=2022-01-28) View original content to download multimedia: [https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html](https://www.prnewswire.com/news-releases/empire-state-building-to-celebrate-lunar-new-year-with-virtual-tower-lighting-ceremony-and-festive-fifth-avenue-lobby-window-display-301470868.html) SOURCE Empire State Realty Trust, Inc.
Date: 2022-01-28
Title: Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting of Shareholders
Article: MANSFIELD, Ohio--(BUSINESS WIRE)-- The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.About The Gorman-Rupp CompanyFounded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.Forward-Looking StatementsIn connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20220128005029r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20220128005029/en/](https://www.businesswire.com/news/home/20220128005029/en/) Brigette A. Burnell Corporate Secretary The Gorman-Rupp Company Telephone (419) 755-1246 NYSE: GRCFor additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548. Source: The Gorman-Rupp Company
Date: 2022-01-28
Title: Is Marine Products Corporation's (NYSE:MPX) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Article: Most readers would already be aware that Marine Products' (NYSE:MPX) stock increased significantly by 8.1% over the past week. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Marine Products' ROE in this article.ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. **How Is ROE Calculated?****ROE can be calculated by using the formula:**Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' EquitySo, based on the above formula, the ROE for Marine Products is:29% = US$29m ÷ US$99m (Based on the trailing twelve months to December 2021).The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.29 in profit. **Why Is ROE Important For Earnings Growth?**So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. **Marine Products' Earnings Growth And 29% ROE** To begin with, Marine Products has a pretty high ROE which is interesting. Even when compared to the industry average of 29% the company's ROE is pretty decent. Therefore, it looks like the high ROE is what probably supported Marine Products' modest 5.1% growth over the past five years.We then compared Marine Products' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 16% in the same period, which is a bit concerning.[past-earnings-growth](https://images.simplywall.st/asset/chart/740990-past-earnings-growth-1-dark/1643377601162) NYSE:MPX Past Earnings Growth January 28th 2022Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to [check if Marine Products is trading on a high P/E or a low P/E](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#PE-PEG-gauge), relative to its industry. **Is Marine Products Efficiently Re-investing Its Profits?** Marine Products has a significant three-year median payout ratio of 56%, meaning that it is left with only 44% to reinvest into its business. This implies that the company has been able to achieve decent earnings growth despite returning most of its profits to shareholders. Additionally, Marine Products has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. **Conclusion** On the whole, we do feel that Marine Products has some positive attributes. The company has grown its earnings moderately as previously discussed. Still, the high ROE could have been even more beneficial to investors had the company been reinvesting more of its profits. As highlighted earlier, the current reinvestment rate appears to be quite low. So far, we've only made a quick discussion around the company's earnings growth. To gain further insights into Marine Products' past profit growth, check out this [visualization of past earnings, revenue and cash flows.](https://simplywall.st/stocks/us/consumer-durables/nyse-mpx/marine-products?blueprint=1875211&utm_medium=finance_user&utm_campaign=conclusion&utm_source=nasdaq#past)**Have feedback on this article? Concerned about the content?** [Get in touch](https://feedback.simplywall.st/article/MTg3NTIxMTo3NTIwMGRkZTg0NDk3ZjFj)**with us directly. **Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Information Potentially Indicating Significant Market Movement Related to Current Stock:
Last 8 Articles for Current Stock:
Symbol: SBSI
Security: Southside Bancshares, Inc.
Related Stocks/Topics: Unknown
Title: Southside Bancshares, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2021
Type: Press Release
Publication: Symbol Press Release
Publication Author: Symbol
Date: 2022-01-28
Article: - **Fourth quarter net income of $28.7 million;** - **Record annual net income of $113.4 million, an increase of 38.0%, compared to the same period in 2020;** - **Annualized linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 3.8%;** - **Annualized linked quarter deposit growth, net of brokered deposits, of 15.9%;** - **Linked quarter net interest margin increased to 3.23%**; - **Annualized return on fourth quarter average assets of 1.57%;** - **Annualized return on fourth quarter average tangible common equity of 16.80%****(1)****; and** - **Nonperforming assets decreased to 0.16% of total assets. ** TYLER, Texas, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter and year ended December 31, 2021. Southside reported net income of $28.7 million for the three months ended December 31, 2021, a decrease of $0.9 million, or 3.0%, compared to $29.6 million for the same period in 2020. Earnings per diluted common share were $0.88 for the three months ended December 31, 2021, compared to $0.89 for the same period in 2020. The annualized return on average shareholders’ equity for the three months ended December 31, 2021 was 12.67%, compared to 13.77% for the same period in 2020. The annualized return on average assets was 1.57% for the three months ended December 31, 2021, compared to 1.64% for the same period in 2020. “We reported exceptional financial results for 2021, thanks to the outstanding performance of the Southside team. Highlights included record net income of $113.4 million, a 1.59% return on average assets, a 17.04% return on average tangible common equity, an increase in our net interest margin to 3.16% and continued strong asset quality,” stated Lee R. Gibson, President and Chief Executive Officer of Southside. “During 2021, we increased the cash dividend per share 5.4% and reduced the efficiency ratio(1) to 49.03%. In addition, deposits increased $790 million, or 16%, and loans, net of PPP loans, increased $171.2 million, or 5%.” “As we enter 2022, we do so with a strong balance sheet, capital levels and credit metrics that we believe position us well for continued success. Our loan pipeline is strong, and we anticipate first quarter payoffs will be significantly less than we experienced during the fourth quarter. We remain encouraged by the continued strong economic conditions in the market areas we serve.” Operating Results for the Three Months Ended December 31, 2021 Net income was $28.7 million for the three months ended December 31, 2021, compared to $29.6 million for the same period in 2020, a decrease of $0.9 million, or 3.0%. Earnings per diluted common share were $0.88 and $0.89 for the three months ended December 31, 2021 and 2020, respectively. The decrease in net income was primarily a result of a decrease in the reversal of provision for credit losses and an increase in income tax expense, partially offset by increases in noninterest income and net interest income. Annualized returns on average assets and average shareholders’ equity for the three months ended December 31, 2021 were 1.57% and 12.67%, respectively, compared to 1.64% and 13.77%, respectively, for the three months ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 50.34% and 47.61%, respectively, for the three months ended December 31, 2021, compared to 49.86% and 47.36%, respectively, for the three months ended December 31, 2020, and 50.64% and 47.92%, respectively, for the three months ended September 30, 2021. Net interest income for the three months ended December 31, 2021 was $49.4 million, compared to $48.7 million for the same period in 2020, an increase of 1.4%. The increase in net interest income compared to the same period in 2020 was due to the decrease in interest expense on our interest bearing liabilities due to the decline in the average balance and overall rate paid on our interest bearing liabilities, partially offset by the decrease in interest income, a result of a decrease in the interest income from PPP loans during the three months ended December 31, 2021. Linked quarter, net interest income increased $1.2 million, or 2.5%, compared to $48.2 million during the three months ended September 30, 2021. The increase in net interest income was primarily due to a decrease in the average rate and balance on our interest bearing liabilities. Our net interest margin and tax equivalent net interest margin(1) increased to 3.01% and 3.23%, respectively, for the three months ended December 31, 2021, compared to 3.00% and 3.20%, respectively, for the same period in 2020. Linked quarter, net interest margin increased 5 basis points from 2.96% and tax equivalent net interest margin(1) increased 7 basis points from 3.16% for the three months ended September 30, 2021. Noninterest income was $12.0 million for the three months ended December 31, 2021, an increase of $1.1 million, or 10.2%, compared to $10.9 million for the same period in 2020. The increase was due to increases in net gain on sale of securities available for sale (“AFS”), deposit services income, brokerage services income and trust fees, partially offset by a decrease in gain on sale of loans. On a linked quarter basis, noninterest income decreased $0.8 million, or 5.9%, compared to the three months ended September 30, 2021. The decrease was due to a decrease in net gain on sale of securities AFS. Noninterest expense was $31.3 million for the three months ended December 31, 2021 and December 31, 2020. On a linked quarter basis, noninterest expense decreased $0.4 million, or 1.4%, compared to the three months ended September 30, 2021, due to the $1.1 million loss on the redemption of subordinated notes during the third quarter. Income tax expense increased $0.5 million for the three months ended December 31, 2021 compared to the same period in 2020. On a linked quarter basis, income tax expense decreased $0.2 million, or 3.3%. Our effective tax rate (“ETR”) increased to 14.4% for the three months ended December 31, 2021, compared to 12.6% for the three months ended December 31, 2020, primarily a result of the increase in the annual ETR. Linked quarter, our ETR decreased slightly from 14.5% for the three months ended September 30, 2021, primarily due to a discrete tax benefit recorded in connection with equity award transactions. Operating Results for the Year Ended December 31, 2021 Net income was $113.4 million for the year ended December 31, 2021, compared to $82.2 million for the same period in 2020, an increase of $31.2 million, or 38.0%. Earnings per diluted common share were $3.47 for the year ended December 31, 2021, compared to $2.47 for the same period in 2020, an increase of 40.5%. The increase in net income was a direct result of a reversal of the provision for credit losses compared to a large increase in the allowance for credit losses for the same period in 2020. Returns on average assets and average shareholders’ equity for the year ended December 31, 2021 were 1.59% and 12.77%, respectively, compared to 1.14% and 9.91%, respectively, for the year ended December 31, 2020. Our efficiency ratio and tax equivalent efficiency ratio(1) were 51.74% and 49.03%, respectively, for the year ended December 31, 2021, compared to 51.85% and 49.36%, respectively, for the year ended December 31, 2020. Net interest income was $189.6 million for the year ended December 31, 2021, compared to $187.3 million for the same period in 2020, due to the decrease in interest expense on our interest bearing liabilities, partially offset by the decrease in interest income, both primarily a result of an overall decline in interest rates. Our net interest margin and tax equivalent net interest margin(1) were 2.96% and 3.16%, respectively, for the year ended December 31, 2021, compared to 2.89% and 3.07%, respectively, for the same period in 2020. The increase in net interest margin was due to lower average rates and balances on our interest bearing liabilities, partially offset by a lower average yield on our interest earning assets during the year ended December 31, 2021. Noninterest income was $49.3 million for the year ended December 31, 2021, a decrease of 0.8%, compared to $49.7 million for the same period in 2020. The decrease was due to decreases in net gain on sale of securities AFS and gain on sale of loans, partially offset by increases in deposit services income, other noninterest income, brokerage services income and trust fees. Noninterest expense was $125.0 million for the year ended December 31, 2021, compared to $123.3 million for the same period in 2020, an increase of $1.7 million, or 1.4%. The increase was the result of increases in salaries and employee benefits, a loss on the redemption of subordinated notes, increases in software and data processing expense and FDIC insurance, partially offset by decreases in other noninterest expense and amortization of intangibles. Income tax expense increased $6.1 million, or 53.7%, for the year ended December 31, 2021, compared to the same period in 2020. Our ETR was approximately 13.3% and 12.1% for the year ended December 31, 2021 and 2020, respectively. The higher ETR for the year ended December 31, 2021, as compared to the same period in 2020, was primarily due to a decrease in tax-exempt income as a percentage of pre-tax income. Balance Sheet Data At December 31, 2021, we had $7.26 billion in total assets, compared to $7.01 billion at December 31, 2020 and $7.14 billion at September 30, 2021. Loans at December 31, 2021 were $3.65 billion, a decrease of $12.6 million, or 0.3%, compared to $3.66 billion at December 31, 2020. Our PPP loans, a component of the commercial loan category, decreased $183.8 million during the year due to forgiveness payments received for loans funded under the Coronavirus Aid, Relief, and Economic Security Act. Excluding PPP loans, total loans increased $171.2 million, or 5.0%, due to increases of $302.4 million in commercial real estate loans, $45.7 million in commercial loans (excluding PPP loans) and $34.1 million in municipal loans. The increases were partially offset by decreases of $134.1 million in construction loans, $68.8 million in 1-4 family residential loans and $8.1 million in loans to individuals. Excluding a $36.5 million decrease in PPP loans during the quarter, linked quarter loans increased $34.0 million, or 1.0%, due to increases of $25.8 million in construction loans, $15.8 million in municipal loans and $11.7 million in commercial loans (excluding PPP loans). This was partially offset by decreases of $9.5 million in 1-4 family loans, $7.0 million in commercial real estate loans and $2.8 million in loans to individuals. Securities at December 31, 2021 were $2.86 billion, an increase of $158.8 million, or 5.9%, compared to $2.70 billion at December 31, 2020. Linked quarter, securities increased $9.5 million, or 0.3%, from $2.85 billion at September 30, 2021. Deposits at December 31, 2021 were $5.72 billion, an increase of $790.0 million, or 16.0%, compared to $4.93 billion at December 31, 2020. Linked quarter, deposits increased $390.7 million, or 7.3%, from $5.33 billion at September 30, 2021. During the three months ended December 31, 2021, brokered deposits increased $181.3 million, or 159.8%, associated with funding our cash flow hedge swaps in place of the Federal Home Loan Bank advances to obtain lower cost funding. Asset Quality Nonperforming assets at December 31, 2021 were $11.6 million, or 0.16% of total assets, a decrease of $5.9 million, or 33.6%, compared to $17.5 million, or 0.25% of total assets, at December 31, 2020, and a decrease from $12.4 million, or 0.17% of total assets, at September 30, 2021. During the three months ended December 31, 2021, nonaccrual loans decreased $0.5 million, or 15.8%. The allowance for loan losses decreased to $35.3 million, or 0.97% of total loans, at December 31, 2021, compared to $49.0 million, or 1.34% of total loans, at December 31, 2020. The decrease was primarily due to an improved economic forecast and improved asset quality. The allowance for loan losses was $38.0 million, or 1.04% of total loans, at September 30, 2021. The decrease compared to the end of the third quarter was primarily due to an improved forecast for commercial real estate, as well as the impact of loan payoffs on the allowance. We recorded a reversal of provision for credit losses for loans of $2.7 million, $5.9 million and $4.4 million for the three month periods ended December 31, 2021, 2020, and September 30, 2021, respectively. Net charge-offs were $34,000 for the three months ended December 31, 2021, compared to net charge-offs of $0.2 million for the three months ended December 31, 2020 and $0.5 million of net charge-offs for the three months ended September 30, 2021. Net charge-offs were $0.8 million for the year ended December 31, 2021, compared to $1.2 million for the year ended December 31, 2020. We recorded a reversal of provision for credit losses for off-balance-sheet credit exposures of $0.7 million for the three months ended December 31, 2021, as compared to a provision of $0.4 million for the three months ended December 31, 2020 and a reversal of provision of $0.7 million for the three months ended September 30, 2021. For the year ended December 31, 2021, we recorded a reversal of provision of $4.0 million, compared to a provision for credit losses for off-balance-sheet credit exposures of $0.1 million for the year ended December 31, 2020. The balance of the allowance for off-balance-sheet credit exposures at December 31, 2021 was $2.4 million and is included in other liabilities. Dividend Southside Bancshares, Inc. declared a fourth quarter cash dividend of $0.33 and a special cash dividend of $0.06 per share on November 4, 2021, which was paid on December 9, 2021, to all shareholders of record as of November 24, 2021. _______________ \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Financial Measures” below and to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for more information and for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline \end{table} Conference Call Southside's management team will host a conference call to discuss its fourth quarter and year ended December 31, 2021 financial results on Friday, January 28, 2022 at 11:00 a.m. CST. The call can be accessed by dialing 844-775-2540 and by identifying the conference ID number 5753376 or by identifying “Southside Bancshares, Inc., Fourth Quarter and Year End 2021 Earnings Call.” To listen to the call via webcast, register at [https://investors.southside.com](https://investors.southside.com/). For those unable to listen to the conference call live, a recording will be available from approximately 2:00 p.m. CST January 28, 2022 through 2:00 p.m. CST February 9, 2022 by accessing the company website, [https://investors.southside.com](https://investors.southside.com/). Non-GAAP Financial Measures Our accounting and reporting policies conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of our performance. These include the following fully taxable-equivalent measures (“FTE”): (i) Net interest income (FTE), (ii) net interest margin (FTE), (iii) net interest spread (FTE), and (iv) efficiency ratio (FTE), which include the effects of taxable-equivalent adjustments using a federal income tax rate of 21% to increase tax-exempt interest income to a tax-equivalent basis. Interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. Net interest income (FTE), net interest margin (FTE) and net interest spread (FTE).Net interest income (FTE) is a non-GAAP measure that adjusts for the tax-favored status of net interest income from certain loans and investments and is not permitted under GAAP in the consolidated statements of income. We believe this measure to be the preferred industry measurement of net interest income and that it enhances comparability of net interest income arising from taxable and tax-exempt sources. The most directly comparable financial measure calculated in accordance with GAAP is our net interest income. Net interest margin (FTE) is the ratio of net interest income (FTE) to average earning assets. The most directly comparable financial measure calculated in accordance with GAAP is our net interest margin. Net interest spread (FTE) is the difference in the average yield on average earning assets on a tax-equivalent basis and the average rate paid on average interest bearing liabilities. The most directly comparable financial measure calculated in accordance with GAAP is our net interest spread. Efficiency ratio (FTE).The efficiency ratio (FTE) is a non-GAAP measure that provides a measure of productivity in the banking industry. This ratio is calculated to measure the cost of generating one dollar of revenue. The ratio is designed to reflect the percentage of one dollar which must be expended to generate that dollar of revenue. We calculate this ratio by dividing noninterest expense, excluding amortization expense on intangibles and certain nonrecurring expense by the sum of net interest income (FTE) and noninterest income, excluding net gain (loss) on sale of securities available for sale and certain nonrecurring impairments. The most directly comparable financial measure calculated in accordance with GAAP is our efficiency ratio. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Whenever we present a non-GAAP financial measure in an SEC filing, we are also required to present the most directly comparable financial measure calculated and presented in accordance with GAAP and reconcile the differences between the non-GAAP financial measure and such comparable GAAP measure. Management believes adjusting net interest income, net interest margin and net interest spread to a fully taxable-equivalent basis is a standard practice in the banking industry as these measures provide useful information to make peer comparisons. Tax-equivalent adjustments are reflected in the respective earning asset categories as listed in the “Average Balances with Average Yields and Rates” tables. A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statement tables. About Southside Bancshares, Inc. Southside Bancshares, Inc. is a bank holding company with approximately $7.26 billion in assets as of December 31, 2021, that owns 100% of Southside Bank. Southside Bank currently has 56 branches in Texas and operates a network of 73 ATMs/ITMs. To learn more about Southside Bancshares, Inc., please visit our investor relations website at [https://investors.southside.com](https://investors.southside.com/). Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the E-mail Notification portion of the website. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or [[email protected]](mailto:[email protected]). Forward-Looking Statements Certain statements of other than historical fact that are contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be considered to be “forward-looking statements” within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. These statements may include words such as “expect,” “estimate,” “project,” “anticipate,” “appear,” “believe,” “could,” “should,” “may,” “might,” “will,” “would,” “seek,” “intend,” “probability,” “risk,” “goal,” “target,” “objective,” “plans,” “potential,” and similar expressions. Forward-looking statements are statements with respect to the Company’s beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance and are subject to significant known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from the results discussed in the forward-looking statements. For example, discussions of the effect of our expansion, benefits of the Share Repurchase Plan, trends in asset quality, capital, liquidity, the Company's ability to sell nonperforming assets, expense reductions, planned operational efficiencies and earnings from growth and certain market risk disclosures, including the impact of interest rates, tax reform, inflation and other economic factors are based upon information presently available to management and are dependent on choices about key model characteristics and assumptions and are subject to various limitations. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what actually occurs in the future. Accordingly, our results could materially differ from those that have been estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements include the negative impact of the COVID-19 pandemic and related variants on our business, financial position, operations and prospects, including our ability to continue our business activities in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in decreased deposits and reduced loan originations, increases in unemployment rates impacting our borrowers’ ability to repay their loans, our ability to manage liquidity in a rapidly changing and unpredictable market, additional interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, under “Part I - Item 1. Forward Looking Information” and in the Company’s other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or to announce publicly the result of revisions to any of the forward-looking statements included herein to reflect future events or developments. **Southside Bancshares, Inc. ****Consolidated Financial Summary (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & As of \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline ASSETS & & & & & & & & & \\ \hline Cash and due from banks & $ & 91,120 & & & $ & 83,346 & & & $ & 92,047 & & & $ & 78,304 & & & $ & 87,357 & \\ \hline Interest earning deposits & & 110,633 & & & & 3,787 & & & & 36,441 & & & & 29,319 & & & & 21,051 & \\ \hline Securities available for sale, at estimated fair value & & 2,764,325 & & & & 2,753,104 & & & & 2,766,035 & & & & 2,546,924 & & & & 2,587,305 & \\ \hline Securities held to maturity, at net carrying value & & 90,780 & & & & 92,479 & & & & 94,850 & & & & 98,159 & & & & 108,998 & \\ \hline Total securities & & 2,855,105 & & & & 2,845,583 & & & & 2,860,885 & & & & 2,645,083 & & & & 2,696,303 & \\ \hline Federal Home Loan Bank stock, at cost & & 14,375 & & & & 27,248 & & & & 28,081 & & & & 18,754 & & & & 25,259 & \\ \hline Loans held for sale & & 1,684 & & & & 1,131 & & & & 2,510 & & & & 2,615 & & & & 3,695 & \\ \hline Loans & & 3,645,162 & & & & 3,647,585 & & & & 3,642,346 & & & & 3,716,598 & & & & 3,657,779 & \\ \hline Less: Allowance for loan losses & & (35,273 & ) & & & (38,022 & ) & & & (42,913 & ) & & & (41,454 & ) & & & (49,006 & ) \\ \hline Net loans & & 3,609,889 & & & & 3,609,563 & & & & 3,599,433 & & & & 3,675,144 & & & & 3,608,773 & \\ \hline Premises & equipment, net & & 142,509 & & & & 142,736 & & & & 142,835 & & & & 144,628 & & & & 144,576 & \\ \hline Goodwill & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & & & & 201,116 & \\ \hline Other intangible assets, net & & 6,895 & & & & 7,553 & & & & 8,248 & & & & 8,978 & & & & 9,744 & \\ \hline Bank owned life insurance & & 131,232 & & & & 130,522 & & & & 116,886 & & & & 116,209 & & & & 115,583 & \\ \hline Other assets & & 95,044 & & & & 83,106 & & & & 93,926 & & & & 78,736 & & & & 94,770 & \\ \hline Total assets & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS' EQUITY & & & & & & & & & \\ \hline Noninterest bearing deposits & $ & 1,644,775 & & & $ & 1,596,781 & & & $ & 1,501,120 & & & $ & 1,383,371 & & & $ & 1,354,815 & \\ \hline Interest bearing deposits & & 4,077,552 & & & & 3,734,874 & & & & 3,655,047 & & & & 3,709,272 & & & & 3,577,507 & \\ \hline Total deposits & & 5,722,327 & & & & 5,331,655 & & & & 5,156,167 & & & & 5,092,643 & & & & 4,932,322 & \\ \hline Other borrowings and Federal Home Loan Bank borrowings & & 367,257 & & & & 679,928 & & & & 745,151 & & & & 687,845 & & & & 855,699 & \\ \hline Subordinated notes, net of unamortized debtissuance costs & & 98,534 & & & & 98,500 & & & & 197,312 & & & & 197,268 & & & & 197,251 & \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,260 & & & & 60,259 & & & & 60,258 & & & & 60,256 & & & & 60,255 & \\ \hline Other liabilities & & 99,052 & & & & 87,483 & & & & 129,120 & & & & 102,277 & & & & 87,403 & \\ \hline Total liabilities & & 6,347,430 & & & & 6,257,825 & & & & 6,288,008 & & & & 6,140,289 & & & & 6,132,930 & \\ \hline Shareholders' equity & & 912,172 & & & & 877,866 & & & & 894,400 & & & & 858,597 & & & & 875,297 & \\ \hline Total liabilities and shareholders' equity & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars and shares in thousands, except per share data)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Income Statement: & & & & & & & & & \\ \hline Total interest income & $ & 54,760 & & & $ & 55,076 & & & $ & 52,586 & & & $ & 53,565 & & & $ & 56,904 & \\ \hline Total interest expense & & 5,359 & & & & 6,870 & & & & 6,939 & & & & 7,262 & & & & 8,197 & \\ \hline Net interest income & & 49,401 & & & & 48,206 & & & & 45,647 & & & & 46,303 & & & & 48,707 & \\ \hline Provision for (reversal of) credit losses & & (3,421 & ) & & & (5,071 & ) & & & 1,677 & & & & (10,149 & ) & & & (5,545 & ) \\ \hline Net interest income after provision for (reversal of) credit losses & & 52,822 & & & & 53,277 & & & & 43,970 & & & & 56,452 & & & & 54,252 & \\ \hline Noninterest income & & & & & & & & & \\ \hline Deposit services & & 6,855 & & & & 6,779 & & & & 6,609 & & & & 6,125 & & & & 6,419 & \\ \hline Net gain (loss) on sale of securities available for sale & & 463 & & & & 1,381 & & & & 15 & & & & 2,003 & & & & (24 & ) \\ \hline Gain on sale of loans & & 356 & & & & 299 & & & & 393 & & & & 593 & & & & 848 & \\ \hline Trust fees & & 1,586 & & & & 1,494 & & & & 1,496 & & & & 1,383 & & & & 1,354 & \\ \hline Bank owned life insurance & & 710 & & & & 637 & & & & 645 & & & & 626 & & & & 655 & \\ \hline Brokerage services & & 907 & & & & 846 & & & & 850 & & & & 780 & & & & 628 & \\ \hline Other & & 1,134 & & & & 1,333 & & & & 925 & & & & 2,113 & & & & 1,020 & \\ \hline Total noninterest income & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & \\ \hline Noninterest expense & & & & & & & & & \\ \hline Salaries and employee benefits & & 20,067 & & & & 19,777 & & & & 20,004 & & & & 20,044 & & & & 19,609 & \\ \hline Net occupancy & & 3,541 & & & & 3,532 & & & & 3,606 & & & & 3,560 & & & & 3,795 & \\ \hline Advertising, travel & entertainment & & 876 & & & & 579 & & & & 475 & & & & 437 & & & & 504 & \\ \hline ATM expense & & 345 & & & & 311 & & & & 272 & & & & 238 & & & & 290 & \\ \hline Professional fees & & 849 & & & & 1,135 & & & & 1,040 & & & & 991 & & & & 986 & \\ \hline Software and data processing & & 1,454 & & & & 1,503 & & & & 1,406 & & & & 1,312 & & & & 1,220 & \\ \hline Communications & & 544 & & & & 552 & & & & 612 & & & & 525 & & & & 490 & \\ \hline FDIC insurance & & 464 & & & & 454 & & & & 435 & & & & 454 & & & & 456 & \\ \hline Amortization of intangibles & & 658 & & & & 695 & & & & 730 & & & & 766 & & & & 825 & \\ \hline Loss on redemption of subordinated notes & & — & & & & 1,118 & & & & — & & & & — & & & & — & \\ \hline Other & & 2,536 & & & & 2,107 & & & & 2,119 & & & & 2,907 & & & & 3,140 & \\ \hline Total noninterest expense & & 31,334 & & & & 31,763 & & & & 30,699 & & & & 31,234 & & & & 31,315 & \\ \hline Income before income tax expense & & 33,499 & & & & 34,283 & & & & 24,204 & & & & 38,841 & & & & 33,837 & \\ \hline Income tax expense & & 4,812 & & & & 4,977 & & & & 2,887 & & & & 4,750 & & & & 4,265 & \\ \hline Net income & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & \\ \hline & & & & & & & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,311 & & & & 32,465 & & & & 32,632 & & & & 32,829 & & & & 33,055 & \\ \hline Weighted-average diluted shares outstanding & & 32,487 & & & & 32,556 & & & & 32,799 & & & & 32,937 & & & & 33,125 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & \\ \hline Earnings per common share & & & & & & & & & \\ \hline Basic & $ & 0.89 & & & $ & 0.90 & & & $ & 0.65 & & & $ & 1.04 & & & $ & 0.89 & \\ \hline Diluted & & 0.88 & & & & 0.90 & & & & 0.65 & & & & 1.04 & & & & 0.89 & \\ \hline Book value per common share & & 28.20 & & & & 27.20 & & & & 27.37 & & & & 26.29 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.74 & & & & 20.97 & & & & 19.86 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 0.39 & & & & 0.33 & & & & 0.33 & & & & 0.32 & & & & 0.37 & \\ \hline & & & & & & & & & \\ \hline Selected Performance Ratios: & & & & & & & & & \\ \hline Return on average assets & & 1.57 & % & & & 1.61 & % & & & 1.20 & % & & & 1.99 & % & & & 1.64 & % \\ \hline Return on average shareholders’ equity & & 12.67 & & & & 12.89 & & & & 9.73 & & & & 15.82 & & & & 13.77 & \\ \hline Return on average tangible common equity (1) & & 16.80 & & & & 17.10 & & & & 13.13 & & & & 21.22 & & & & 18.71 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.55 & & & & 3.59 & & & & 3.49 & & & & 3.67 & & & & 3.70 & \\ \hline Average rate on interest bearing liabilities & & 0.46 & & & & 0.59 & & & & 0.60 & & & & 0.64 & & & & 0.68 & \\ \hline Net interest margin (FTE) (1) & & 3.23 & & & & 3.16 & & & & 3.06 & & & & 3.20 & & & & 3.20 & \\ \hline Net interest spread (FTE) (1) & & 3.09 & & & & 3.00 & & & & 2.89 & & & & 3.03 & & & & 3.02 & \\ \hline Average earning assets to average interest bearing liabilities & & 141.21 & & & & 138.86 & & & & 137.85 & & & & 135.56 & & & & 133.56 & \\ \hline Noninterest expense to average total assets & & 1.72 & & & & 1.75 & & & & 1.73 & & & & 1.82 & & & & 1.74 & \\ \hline Efficiency ratio (FTE) (1) & & 47.61 & & & & 47.92 & & & & 50.31 & & & & 50.44 & & & & 47.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 12,424 & & & $ & 15,269 & & & $ & 15,367 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 3,013 & & & & 5,154 & & & & 5,314 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,371 & & & & 9,549 & & & & 9,641 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 25 & & & & 566 & & & & 412 & & & & 106 & \\ \hline Repossessed assets & & — & & & & 15 & & & & — & & & & — & & & & 14 & \\ \hline & & & & & & & & & \\ \hline Asset Quality Ratios: & & & & & & & & & \\ \hline Ratio of nonaccruing loans to: & & & & & & & & & \\ \hline Total loans & & 0.07 & % & & & 0.08 & % & & & 0.14 & % & & & 0.14 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & & & & & & & \\ \hline Total assets & & 0.16 & & & & 0.17 & & & & 0.21 & & & & 0.22 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.34 & & & & 0.42 & & & & 0.41 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.35 & & & & 0.43 & & & & 0.44 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & & & & & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 1,261.93 & & & & 832.62 & & & & 780.09 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 306.04 & & & & 281.05 & & & & 269.76 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.04 & & & & 1.18 & & & & 1.12 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.06 & & & & 1.22 & & & & 1.19 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & — & & & & 0.05 & & & & 0.01 & & & & 0.02 & & & & 0.02 & \\ \hline & & & & & & & & & \\ \hline Capital Ratios: & & & & & & & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.30 & & & & 12.45 & & & & 12.27 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.07 & & & & 14.38 & & & & 14.71 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 15.35 & & & & 15.71 & & & & 16.09 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 18.18 & & & & 20.95 & & & & 21.52 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 10.14 & & & & 10.21 & & & & 10.29 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.66 & & & & 9.82 & & & & 9.55 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.42 & & & & 12.51 & & & & 12.38 & & & & 12.56 & & & & 11.92 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & & 2021 & & & & 2020 & \\ \hline Loan Portfolio Composition & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, \\ \hline Real Estate Loans: & & & & & & & & & \\ \hline Construction & $ & 447,860 & & & $ & 422,095 & & & $ & 528,157 & & & $ & 605,677 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 660,689 & & & & 678,402 & & & & 700,430 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,605,132 & & & & 1,430,900 & & & & 1,348,551 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 443,708 & & & & 497,513 & & & & 564,745 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 427,259 & & & & 417,398 & & & & 406,377 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 88,702 & & & & 89,976 & & & & 90,818 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,647,585 & & & $ & 3,642,346 & & & $ & 3,716,598 & & & $ & 3,657,779 & \\ \hline & & & & & & & & & \\ \hline Summary of Changes in Allowances: & & & & & & & & & \\ \hline Allowance for Loan Losses & & & & & & & & & \\ \hline Balance at beginning of period & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & & & $ & 55,110 & \\ \hline Loans charged-off & & (489 & ) & & & (940 & ) & & & (527 & ) & & & (795 & ) & & & (595 & ) \\ \hline Recoveries of loans charged-off & & 455 & & & & 437 & & & & 466 & & & & 622 & & & & 402 & \\ \hline Net loans (charged-off) recovered & & (34 & ) & & & (503 & ) & & & (61 & ) & & & (173 & ) & & & (193 & ) \\ \hline Provision for (reversal of) loan losses & & (2,715 & ) & & & (4,388 & ) & & & 1,520 & & & & (7,379 & ) & & & (5,911 & ) \\ \hline Balance at end of period & $ & 35,273 & & & $ & 38,022 & & & $ & 42,913 & & & $ & 41,454 & & & $ & 49,006 & \\ \hline & & & & & & & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & & & & & & & \\ \hline Balance at beginning of period & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & & & $ & 6,020 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (706 & ) & & & (683 & ) & & & 157 & & & & (2,770 & ) & & & 366 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 3,090 & & & $ & 3,773 & & & $ & 3,616 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 41,112 & & & $ & 46,686 & & & $ & 45,070 & & & $ & 55,392 & \\ \hline & & & & & & & & & & & & & & & & & & & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Income Statement: & & & \\ \hline Total interest income & $ & 215,987 & & & $ & 231,828 & \\ \hline Total interest expense & & 26,430 & & & & 44,563 & \\ \hline Net interest income & & 189,557 & & & & 187,265 & \\ \hline Provision for (reversal of) credit losses & & (16,964 & ) & & & 20,201 & \\ \hline Net interest income after provision for (reversal of) credit losses & & 206,521 & & & & 167,064 & \\ \hline Noninterest income & & & \\ \hline Deposit services & & 26,368 & & & & 24,359 & \\ \hline Net gain on sale of securities available for sale & & 3,862 & & & & 8,257 & \\ \hline Gain on sale of loans & & 1,641 & & & & 2,772 & \\ \hline Trust fees & & 5,959 & & & & 5,133 & \\ \hline Bank owned life insurance & & 2,618 & & & & 2,554 & \\ \hline Brokerage services & & 3,383 & & & & 2,271 & \\ \hline Other & & 5,505 & & & & 4,386 & \\ \hline Total noninterest income & & 49,336 & & & & 49,732 & \\ \hline Noninterest expense & & & \\ \hline Salaries and employee benefits & & 79,892 & & & & 77,225 & \\ \hline Net occupancy & & 14,239 & & & & 14,369 & \\ \hline Advertising, travel & entertainment & & 2,367 & & & & 2,147 & \\ \hline ATM expense & & 1,166 & & & & 1,018 & \\ \hline Professional fees & & 4,015 & & & & 4,224 & \\ \hline Software and data processing & & 5,675 & & & & 4,957 & \\ \hline Communications & & 2,233 & & & & 1,984 & \\ \hline FDIC insurance & & 1,807 & & & & 1,124 & \\ \hline Amortization of intangibles & & 2,849 & & & & 3,617 & \\ \hline Loss on redemption of subordinated notes & & 1,118 & & & & — & \\ \hline Other & & 9,669 & & & & 12,642 & \\ \hline Total noninterest expense & & 125,030 & & & & 123,307 & \\ \hline Income before income tax expense & & 130,827 & & & & 93,489 & \\ \hline Income tax expense & & 17,426 & & & & 11,336 & \\ \hline Net income & $ & 113,401 & & & $ & 82,153 & \\ \hline & & & \\ \hline Common Share Data: & & & \\ \hline Weighted-average basic shares outstanding & & 32,558 & & & & 33,201 & \\ \hline Weighted-average diluted shares outstanding & & 32,692 & & & & 33,281 & \\ \hline Common shares outstanding end of period & & 32,352 & & & & 32,951 & \\ \hline Earnings per common share & & & \\ \hline Basic & $ & 3.48 & & & $ & 2.47 & \\ \hline Diluted & & 3.47 & & & & 2.47 & \\ \hline Book value per common share & & 28.20 & & & & 26.56 & \\ \hline Tangible book value per common share (1) & & 21.77 & & & & 20.16 & \\ \hline Cash dividends paid per common share & & 1.37 & & & & 1.30 & \\ \hline & & & \\ \hline Selected Performance Ratios: & & & \\ \hline Return on average assets & & 1.59 & % & & & 1.14 & % \\ \hline Return on average shareholders’ equity & & 12.77 & & & & 9.91 & \\ \hline Return on average tangible common equity (1) & & 17.04 & & & & 13.79 & \\ \hline Average yield on earning assets (FTE) (1) & & 3.58 & & & & 3.75 & \\ \hline Average rate on interest bearing liabilities & & 0.57 & & & & 0.89 & \\ \hline Net interest margin (FTE) (1) & & 3.16 & & & & 3.07 & \\ \hline Net interest spread (FTE) (1) & & 3.01 & & & & 2.86 & \\ \hline Average earning assets to average interest bearing liabilities & & 138.39 & & & & 130.16 & \\ \hline Noninterest expense to average total assets & & 1.75 & & & & 1.72 & \\ \hline Efficiency ratio (FTE) (1) & & 49.03 & & & & 49.36 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline & & 2021 & & & & 2020 & \\ \hline Nonperforming Assets: & $ & 11,609 & & & $ & 17,480 & \\ \hline Nonaccrual loans & & 2,536 & & & & 7,714 & \\ \hline Accruing loans past due more than 90 days & & — & & & & — & \\ \hline Troubled debt restructured loans & & 9,073 & & & & 9,646 & \\ \hline Other real estate owned & & — & & & & 106 & \\ \hline Repossessed assets & & — & & & & 14 & \\ \hline & & & \\ \hline Asset Quality Ratios: & & & \\ \hline Ratio of nonaccruing loans to: & & & \\ \hline Total loans & & 0.07 & % & & & 0.21 & % \\ \hline Ratio of nonperforming assets to: & & & \\ \hline Total assets & & 0.16 & & & & 0.25 & \\ \hline Total loans & & 0.32 & & & & 0.48 & \\ \hline Total loans and OREO & & 0.32 & & & & 0.48 & \\ \hline Total loans, excluding PPP loans, and OREO & & 0.32 & & & & 0.51 & \\ \hline Ratio of allowance for loan losses to: & & & \\ \hline Nonaccruing loans & & 1,390.89 & & & & 635.29 & \\ \hline Nonperforming assets & & 303.84 & & & & 280.35 & \\ \hline Total loans & & 0.97 & & & & 1.34 & \\ \hline Total loans, excluding PPP loans & & 0.98 & & & & 1.42 & \\ \hline Net charge-offs (recoveries) to average loans outstanding & & 0.02 & & & & 0.03 & \\ \hline & & & \\ \hline Capital Ratios: & & & \\ \hline Shareholders’ equity to total assets & & 12.57 & & & & 12.49 & \\ \hline Common equity tier 1 capital & & 14.17 & & & & 14.68 & \\ \hline Tier 1 risk-based capital & & 15.43 & & & & 16.08 & \\ \hline Total risk-based capital & & 18.15 & & & & 21.78 & \\ \hline Tier 1 leverage capital & & 10.33 & & & & 9.81 & \\ \hline Period end tangible equity to period end tangible assets (1) & & 9.99 & & & & 9.77 & \\ \hline Average shareholders’ equity to average total assets & & 12.47 & & & & 11.55 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Refer to the “Non-GAAP Reconciliation” at the end of the financial statement tables in this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Consolidated Financial Highlights (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, \\ \hline Loan Portfolio Composition & & 2021 & & & & 2020 & \\ \hline Real Estate Loans: & & & \\ \hline Construction & $ & 447,860 & & & $ & 581,941 & \\ \hline 1-4 Family Residential & & 651,140 & & & & 719,952 & \\ \hline Commercial & & 1,598,172 & & & & 1,295,746 & \\ \hline Commercial Loans & & 418,998 & & & & 557,122 & \\ \hline Municipal Loans & & 443,078 & & & & 409,028 & \\ \hline Loans to Individuals & & 85,914 & & & & 93,990 & \\ \hline Total Loans & $ & 3,645,162 & & & $ & 3,657,779 & \\ \hline & & & \\ \hline Summary of Changes in Allowances: & & & \\ \hline Allowance for Loan Losses & & & \\ \hline Balance at beginning of period & $ & 49,006 & & & $ & 24,797 & \\ \hline Impact of CECL adoption (1) - cumulative effect adjustment & & — & & & & 5,072 & \\ \hline Impact of CECL adoption - purchased loans with credit deterioration & & — & & & & 231 & \\ \hline Loans charged-off & & (2,751 & ) & & & (2,854 & ) \\ \hline Recoveries of loans charged-off & & 1,980 & & & & 1,650 & \\ \hline Net loans (charged-off) recovered & & (771 & ) & & & (1,204 & ) \\ \hline Provision for (reversal of) loan losses & & (12,962 & ) & & & 20,110 & \\ \hline Balance at end of period & $ & 35,273 & & & $ & 49,006 & \\ \hline & & & \\ \hline Allowance for Off-Balance-Sheet Credit Exposures & & & \\ \hline Balance at beginning of period & $ & 6,386 & & & $ & 1,455 & \\ \hline Impact of CECL adoption (1) & & — & & & & 4,840 & \\ \hline Provision for (reversal of) off-balance-sheet credit exposures & & (4,002 & ) & & & 91 & \\ \hline Balance at end of period & $ & 2,384 & & & $ & 6,386 & \\ \hline Total Allowance for Credit Losses & $ & 37,657 & & & $ & 55,392 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & We adopted ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” on January 1, 2020. ASU 2016-13 replaced the incurred loss model with an expected loss methodology that is referred to as current expected credit losses (“CECL”). Adoption of this guidance on January 1, 2020, resulted in a cumulative-effect adjustment to reduce retained earnings by $7.8 million, net of tax. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** The tables that follow show average earning assets and interest bearing liabilities together with the average yield on the earning assets and the average rate of the interest bearing liabilities for the periods presented. The interest and related yields presented are on a fully taxable-equivalent basis and are therefore non-GAAP measures. See “Non-GAAP Financial Measures” and “Non-GAAP Reconciliation” for more information. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2021 & & September 30, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,767 & & & $ & 36,740 & & 3.97 & % & & $ & 3,662,496 & & & $ & 37,744 & & 4.09 & % \\ \hline Loans held for sale & & 1,980 & & & & 11 & & 2.20 & % & & & 1,640 & & & & 12 & & 2.90 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 590,104 & & & & 4,215 & & 2.83 & % & & & 532,679 & & & & 3,853 & & 2.87 & % \\ \hline Tax-exempt investment securities (2) & & 1,508,196 & & & & 12,699 & & 3.34 & % & & & 1,453,275 & & & & 12,315 & & 3.36 & % \\ \hline Mortgage-backed and related securities (2) & & 650,685 & & & & 4,394 & & 2.68 & % & & & 738,287 & & & & 4,405 & & 2.37 & % \\ \hline Total securities & & 2,748,985 & & & & 21,308 & & 3.08 & % & & & 2,724,241 & & & & 20,573 & & 3.00 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 38,832 & & & & 175 & & 1.79 & % & & & 39,786 & & & & 111 & & 1.11 & % \\ \hline Interest earning deposits & & 43,841 & & & & 22 & & 0.20 & % & & & 39,382 & & & & 24 & & 0.24 & % \\ \hline Total earning assets & & 6,502,405 & & & & 58,256 & & 3.55 & % & & & 6,467,545 & & & & 58,464 & & 3.59 & % \\ \hline Cash and due from banks & & 103,126 & & & & & & & & 99,113 & & & & & \\ \hline Accrued interest and other assets & & 662,654 & & & & & & & & 684,917 & & & & & \\ \hline Less: Allowance for loan losses & & (38,317 & ) & & & & & & & (43,052 & ) & & & & \\ \hline Total assets & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 624,377 & & & & 264 & & 0.17 & % & & $ & 598,118 & & & & 249 & & 0.17 & % \\ \hline Certificates of deposits & & 632,150 & & & & 681 & & 0.43 & % & & & 629,718 & & & & 789 & & 0.50 & % \\ \hline Interest bearing demand accounts & & 2,558,289 & & & & 1,289 & & 0.20 & % & & & 2,496,037 & & & & 1,196 & & 0.19 & % \\ \hline Total interest bearing deposits & & 3,814,816 & & & & 2,234 & & 0.23 & % & & & 3,723,873 & & & & 2,234 & & 0.24 & % \\ \hline Federal Home Loan Bank borrowings & & 609,310 & & & & 1,758 & & 1.14 & % & & & 656,474 & & & & 1,865 & & 1.13 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 98,517 & & & & 1,011 & & 4.07 & % & & & 195,204 & & & & 2,417 & & 4.91 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,259 & & & & 345 & & 2.27 & % & & & 60,258 & & & & 345 & & 2.27 & % \\ \hline Repurchase agreements & & 21,874 & & & & 11 & & 0.20 & % & & & 21,634 & & & & 9 & & 0.17 & % \\ \hline Total interest bearing liabilities & & 4,604,776 & & & & 5,359 & & 0.46 & % & & & 4,657,443 & & & & 6,870 & & 0.59 & % \\ \hline Noninterest bearing deposits & & 1,637,914 & & & & & & & & 1,551,298 & & & & & \\ \hline Accrued expenses and other liabilities & & 88,982 & & & & & & & & 97,954 & & & & & \\ \hline Total liabilities & & 6,331,672 & & & & & & & & 6,306,695 & & & & & \\ \hline Shareholders’ equity & & 898,196 & & & & & & & & 901,828 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,229,868 & & & & & & & $ & 7,208,523 & & & & & \\ \hline Net interest income (FTE) & & & $ & 52,897 & & & & & & $ & 51,594 & & \\ \hline Net interest margin (FTE) & & & & & 3.23 & % & & & & & & 3.16 & % \\ \hline Net interest spread (FTE) & & & & & 3.09 & % & & & & & & 3.00 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and September 30, 2021, loans totaling $2.5 million and $3.0 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & June 30, 2021 & & March 31, 2021 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,706,959 & & & $ & 36,429 & & 3.94 & % & & $ & 3,634,053 & & & $ & 36,754 & & 4.10 & % \\ \hline Loans held for sale & & 1,846 & & & & 13 & & 2.82 & % & & & 2,803 & & & & 20 & & 2.89 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 396,504 & & & & 2,921 & & 2.95 & % & & & 295,968 & & & & 2,323 & & 3.18 & % \\ \hline Tax-exempt investment securities (2) & & 1,363,678 & & & & 11,585 & & 3.41 & % & & & 1,300,991 & & & & 11,176 & & 3.48 & % \\ \hline Mortgage-backed and related securities (2) & & 847,206 & & & & 4,647 & & 2.20 & % & & & 940,815 & & & & 6,088 & & 2.62 & % \\ \hline Total securities & & 2,607,388 & & & & 19,153 & & 2.95 & % & & & 2,537,774 & & & & 19,587 & & 3.13 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 35,883 & & & & 108 & & 1.21 & % & & & 35,635 & & & & 136 & & 1.55 & % \\ \hline Interest earning deposits & & 43,175 & & & & 17 & & 0.16 & % & & & 31,169 & & & & 15 & & 0.20 & % \\ \hline Total earning assets & & 6,395,251 & & & & 55,720 & & 3.49 & % & & & 6,241,434 & & & & 56,512 & & 3.67 & % \\ \hline Cash and due from banks & & 90,735 & & & & & & & & 86,634 & & & & & \\ \hline Accrued interest and other assets & & 656,245 & & & & & & & & 677,230 & & & & & \\ \hline Less: Allowance for loan losses & & (41,768 & ) & & & & & & & (49,240 & ) & & & & \\ \hline Total assets & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 571,907 & & & & 231 & & 0.16 & % & & $ & 517,182 & & & & 209 & & 0.16 & % \\ \hline Certificates of deposit & & 658,708 & & & & 936 & & 0.57 & % & & & 736,099 & & & & 1,229 & & 0.68 & % \\ \hline Interest bearing demand accounts & & 2,459,335 & & & & 1,172 & & 0.19 & % & & & 2,342,299 & & & & 1,159 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,689,950 & & & & 2,339 & & 0.25 & % & & & 3,595,580 & & & & 2,597 & & 0.29 & % \\ \hline Federal Home Loan Bank borrowings & & 669,633 & & & & 1,817 & & 1.09 & % & & & 727,513 & & & & 1,908 & & 1.06 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 197,284 & & & & 2,423 & & 4.93 & % & & & 197,252 & & & & 2,395 & & 4.92 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,257 & & & & 349 & & 2.32 & % & & & 60,256 & & & & 351 & & 2.36 & % \\ \hline Repurchase agreements & & 22,024 & & & & 11 & & 0.20 & % & & & 23,522 & & & & 11 & & 0.19 & % \\ \hline Total interest bearing liabilities & & 4,639,148 & & & & 6,939 & & 0.60 & % & & & 4,604,123 & & & & 7,262 & & 0.64 & % \\ \hline Noninterest bearing deposits & & 1,485,383 & & & & & & & & 1,389,020 & & & & & \\ \hline Accrued expenses and other liabilities & & 97,137 & & & & & & & & 89,222 & & & & & \\ \hline Total liabilities & & 6,221,668 & & & & & & & & 6,082,365 & & & & & \\ \hline Shareholders’ equity & & 878,795 & & & & & & & & 873,693 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,100,463 & & & & & & & $ & 6,956,058 & & & & & \\ \hline Net interest income (FTE) & & & $ & 48,781 & & & & & & $ & 49,250 & & \\ \hline Net interest margin (FTE) & & & & & 3.06 & % & & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 2.89 & % & & & & & & 3.03 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of June 30, 2021 and March 31, 2021, loans totaling $5.2 million and $5.3 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|} \hline & Three Months Ended \\ \hline & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & \\ \hline Loans (1) & $ & 3,772,158 & & & $ & 39,936 & & 4.21 & % \\ \hline Loans held for sale & & 5,012 & & & & 36 & & 2.86 & % \\ \hline Securities: & & & & & \\ \hline Taxable investment securities (2) & & 223,753 & & & & 1,753 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,298,584 & & & & 11,413 & & 3.50 & % \\ \hline Mortgage-backed and related securities (2) & & 1,082,302 & & & & 6,693 & & 2.46 & % \\ \hline Total securities & & 2,604,639 & & & & 19,859 & & 3.03 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 46,798 & & & & 199 & & 1.69 & % \\ \hline Interest earning deposits & & 22,938 & & & & 18 & & 0.31 & % \\ \hline Total earning assets & & 6,451,545 & & & & 60,048 & & 3.70 & % \\ \hline Cash and due from banks & & 83,228 & & & & & \\ \hline Accrued interest and other assets & & 687,894 & & & & & \\ \hline Less: Allowance for loan losses & & (55,567 & ) & & & & \\ \hline Total assets & $ & 7,167,100 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & \\ \hline Savings accounts & $ & 487,452 & & & & 201 & & 0.16 & % \\ \hline Certificates of deposit & & 1,011,482 & & & & 2,320 & & 0.91 & % \\ \hline Interest bearing demand accounts & & 2,186,406 & & & & 1,117 & & 0.20 & % \\ \hline Total interest bearing deposits & & 3,685,340 & & & & 3,638 & & 0.39 & % \\ \hline Federal Home Loan Bank borrowings & & 896,484 & & & & 2,125 & & 0.94 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 158,692 & & & & 2,051 & & 5.14 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,255 & & & & 360 & & 2.38 & % \\ \hline Repurchase agreements & & 29,595 & & & & 23 & & 0.31 & % \\ \hline Other borrowings & & 66 & & & & — & & — & \\ \hline Total interest bearing liabilities & & 4,830,432 & & & & 8,197 & & 0.68 & % \\ \hline Noninterest bearing deposits & & 1,381,120 & & & & & \\ \hline Accrued expenses and other liabilities & & 101,478 & & & & & \\ \hline Total liabilities & & 6,313,030 & & & & & \\ \hline Shareholders’ equity & & 854,070 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,167,100 & & & & & \\ \hline Net interest income (FTE) & & & $ & 51,851 & & \\ \hline Net interest margin (FTE) & & & & & 3.20 & % \\ \hline Net interest spread (FTE) & & & & & 3.02 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2020, loans totaling $7.7 million were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Average Balances and Average Yields and Rates (Annualized) (Unaudited)****(Dollars in thousands)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Year Ended \\ \hline & December 31, 2021 & & December 31, 2020 \\ \hline & AverageBalance & & Interest & & AverageYield/Rate & & AverageBalance & & Interest & & AverageYield/Rate \\ \hline ASSETS & & & & & & & & & & & \\ \hline Loans (1) & $ & 3,668,149 & & & $ & 147,667 & & 4.03 & % & & $ & 3,750,657 & & & $ & 161,098 & & 4.30 & % \\ \hline Loans held for sale & & 2,063 & & & & 56 & & 2.71 & % & & & 3,254 & & & & 104 & & 3.20 & % \\ \hline Securities: & & & & & & & & & & & \\ \hline Taxable investment securities (2) & & 454,836 & & & & 13,312 & & 2.93 & % & & & 133,785 & & & & 4,172 & & 3.12 & % \\ \hline Tax-exempt investment securities (2) & & 1,407,231 & & & & 47,775 & & 3.39 & % & & & 1,201,385 & & & & 42,228 & & 3.51 & % \\ \hline Mortgage-backed and related securities (2) & & 793,300 & & & & 19,534 & & 2.46 & % & & & 1,311,722 & & & & 34,319 & & 2.62 & % \\ \hline Total securities & & 2,655,367 & & & & 80,621 & & 3.04 & % & & & 2,646,892 & & & & 80,719 & & 3.05 & % \\ \hline Federal Home Loan Bank stock, at cost, and equity investments & & 37,549 & & & & 530 & & 1.41 & % & & & 59,439 & & & & 1,233 & & 2.07 & % \\ \hline Interest earning deposits & & 39,426 & & & & 78 & & 0.20 & % & & & 26,202 & & & & 238 & & 0.91 & % \\ \hline Total earning assets & & 6,402,554 & & & & 228,952 & & 3.58 & % & & & 6,486,444 & & & & 243,392 & & 3.75 & % \\ \hline Cash and due from banks & & 94,959 & & & & & & & & 79,677 & & & & & \\ \hline Accrued interest and other assets & & 670,062 & & & & & & & & 664,511 & & & & & \\ \hline Less: Allowance for loan losses & & (43,064 & ) & & & & & & & (50,807 & ) & & & & \\ \hline Total assets & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline LIABILITIES AND SHAREHOLDERS’ EQUITY & & & & & & & & & & & \\ \hline Savings accounts & $ & 578,245 & & & & 953 & & 0.16 & % & & $ & 440,346 & & & & 817 & & 0.19 & % \\ \hline Certificates of deposit & & 663,789 & & & & 3,635 & & 0.55 & % & & & 1,182,938 & & & & 17,051 & & 1.44 & % \\ \hline Interest bearing demand accounts & & 2,464,670 & & & & 4,816 & & 0.20 & % & & & 2,061,805 & & & & 6,780 & & 0.33 & % \\ \hline Total interest bearing deposits & & 3,706,704 & & & & 9,404 & & 0.25 & % & & & 3,685,089 & & & & 24,648 & & 0.67 & % \\ \hline Federal Home Loan Bank borrowings & & 665,384 & & & & 7,348 & & 1.10 & % & & & 1,032,269 & & & & 11,397 & & 1.10 & % \\ \hline Subordinated notes, net of unamortized debt issuance costs & & 171,857 & & & & 8,246 & & 4.80 & % & & & 113,736 & & & & 6,301 & & 5.54 & % \\ \hline Trust preferred subordinated debentures, net of unamortized debt issuance costs & & 60,258 & & & & 1,390 & & 2.31 & % & & & 60,252 & & & & 1,829 & & 3.04 & % \\ \hline Repurchase agreements & & 22,257 & & & & 42 & & 0.19 & % & & & 32,890 & & & & 226 & & 0.69 & % \\ \hline Other borrowings & & — & & & & — & & — & & & & 59,050 & & & & 162 & & 0.27 & % \\ \hline Total interest bearing liabilities & & 4,626,460 & & & & 26,430 & & 0.57 & % & & & 4,983,286 & & & & 44,563 & & 0.89 & % \\ \hline Noninterest bearing deposits & & 1,516,682 & & & & & & & & 1,277,011 & & & & & \\ \hline Accrued expenses and other liabilities & & 93,136 & & & & & & & & 90,548 & & & & & \\ \hline Total liabilities & & 6,236,278 & & & & & & & & 6,350,845 & & & & & \\ \hline Shareholders’ equity & & 888,233 & & & & & & & & 828,980 & & & & & \\ \hline Total liabilities and shareholders’ equity & $ & 7,124,511 & & & & & & & $ & 7,179,825 & & & & & \\ \hline Net interest income (FTE) & & & $ & 202,522 & & & & & & $ & 198,829 & & \\ \hline Net interest margin (FTE) & & & & & 3.16 & % & & & & & & 3.07 & % \\ \hline Net interest spread (FTE) & & & & & 3.01 & % & & & & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Interest on loans includes net fees on loans that are not material in amount. \\ \hline (2) & For the purpose of calculating the average yield, the average balance of securities is presented at historical cost. \\ \hline & \\ \hline Note: As of December 31, 2021 and 2020, loans totaling $2.5 million and $7.7 million, respectively, were on nonaccrual status. Our policy is to reverse previously accrued but unpaid interest on nonaccrual loans; thereafter, interest income is recorded to the extent received when appropriate. \\ \hline & \\ \hline \end{table} **Southside Bancshares, Inc. ****Non-GAAP Reconciliation (Unaudited)****(Dollars and shares in thousands, except per share data)** The following tables set forth the reconciliation of return on average common equity to return on average tangible common equity, book value per share to tangible book value per share, net interest income to net interest income adjusted to a fully taxable-equivalent basis assuming a 21% marginal tax rate for interest earned on tax-exempt assets such as municipal loans and investment securities, along with the calculation of total revenue, adjusted noninterest expense, efficiency ratio (FTE), net interest margin (FTE) and net interest spread (FTE) for the applicable periods presented. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three Months Ended & & Year Ended \\ \hline & & & 2021 & & & & 2020 & & & & 2021 & & & & 2020 & \\ \hline & & Dec 31, & & Sep 30, & & Jun 30, & & Mar 31, & & Dec 31, & & Dec 31, & & Dec 31, \\ \hline Reconciliation of return on average common equity to return on average tangible common equity: & & & & & & & & & & & & & & \\ \hline Net income & & $ & 28,687 & & & $ & 29,306 & & & $ & 21,317 & & & $ & 34,091 & & & $ & 29,572 & & & $ & 113,401 & & & $ & 82,153 & \\ \hline After-tax amortization expense & & & 520 & & & & 549 & & & & 577 & & & & 605 & & & & 652 & & & & 2,251 & & & & 2,857 & \\ \hline Adjusted net income available to common shareholders & & $ & 29,207 & & & $ & 29,855 & & & $ & 21,894 & & & $ & 34,696 & & & $ & 30,224 & & & $ & 115,652 & & & $ & 85,010 & \\ \hline & & & & & & & & & & & & & & \\ \hline Average shareholders' equity & & $ & 898,196 & & & $ & 901,828 & & & $ & 878,795 & & & $ & 873,693 & & & $ & 854,070 & & & $ & 888,233 & & & $ & 828,980 & \\ \hline Less: Average intangibles for the period & & & (208,412 & ) & & & (209,097 & ) & & & (209,808 & ) & & & (210,563 & ) & & & (211,354 & ) & & & (209,463 & ) & & & (212,699 & ) \\ \hline Average tangible shareholders' equity & & $ & 689,784 & & & $ & 692,731 & & & $ & 668,987 & & & $ & 663,130 & & & $ & 642,716 & & & $ & 678,770 & & & $ & 616,281 & \\ \hline & & & & & & & & & & & & & & \\ \hline Return on average tangible common equity & & & 16.80 & % & & & 17.10 & % & & & 13.13 & % & & & 21.22 & % & & & 18.71 & % & & & 17.04 & % & & & 13.79 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of book value per share to tangible book value per share: & & & & & & & & & & & & & & \\ \hline Common equity at end of period & & $ & 912,172 & & & $ & 877,866 & & & $ & 894,400 & & & $ & 858,597 & & & $ & 875,297 & & & $ & 912,172 & & & $ & 875,297 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible common shareholders' equity at end of period & & $ & 704,161 & & & $ & 669,197 & & & $ & 685,036 & & & $ & 648,503 & & & $ & 664,437 & & & $ & 704,161 & & & $ & 664,437 & \\ \hline & & & & & & & & & & & & & & \\ \hline Total assets at end of period & & $ & 7,259,602 & & & $ & 7,135,691 & & & $ & 7,182,408 & & & $ & 6,998,886 & & & $ & 7,008,227 & & & $ & 7,259,602 & & & $ & 7,008,227 & \\ \hline Less: Intangible assets at end of period & & & (208,011 & ) & & & (208,669 & ) & & & (209,364 & ) & & & (210,094 & ) & & & (210,860 & ) & & & (208,011 & ) & & & (210,860 & ) \\ \hline Tangible assets at end of period & & $ & 7,051,591 & & & $ & 6,927,022 & & & $ & 6,973,044 & & & $ & 6,788,792 & & & $ & 6,797,367 & & & $ & 7,051,591 & & & $ & 6,797,367 & \\ \hline & & & & & & & & & & & & & & \\ \hline Period end tangible equity to period end tangible assets & & & 9.99 & % & & & 9.66 & % & & & 9.82 & % & & & 9.55 & % & & & 9.77 & % & & & 9.99 & % & & & 9.77 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Common shares outstanding end of period & & & 32,352 & & & & 32,273 & & & & 32,675 & & & & 32,659 & & & & 32,951 & & & & 32,352 & & & & 32,951 & \\ \hline Tangible book value per common share & & $ & 21.77 & & & $ & 20.74 & & & $ & 20.97 & & & $ & 19.86 & & & $ & 20.16 & & & $ & 21.77 & & & $ & 20.16 & \\ \hline & & & & & & & & & & & & & & \\ \hline Reconciliation of efficiency ratio to efficiency ratio (FTE), net interest margin to net interest margin (FTE) and net interest spread to net interest spread (FTE): & & & & & & & & & & & & & & \\ \hline Net interest income (GAAP) & & $ & 49,401 & & & $ & 48,206 & & & $ & 45,647 & & & $ & 46,303 & & & $ & 48,707 & & & $ & 189,557 & & & $ & 187,265 & \\ \hline Tax equivalent adjustments: & & & & & & & & & & & & & & \\ \hline Loans & & & 740 & & & & 722 & & & & 722 & & & & 736 & & & & 717 & & & & 2,920 & & & & 2,752 & \\ \hline Tax-exempt investment securities & & & 2,756 & & & & 2,666 & & & & 2,412 & & & & 2,211 & & & & 2,427 & & & & 10,045 & & & & 8,812 & \\ \hline Net interest income (FTE) (1) & & & 52,897 & & & & 51,594 & & & & 48,781 & & & & 49,250 & & & & 51,851 & & & & 202,522 & & & & 198,829 & \\ \hline Noninterest income & & & 12,011 & & & & 12,769 & & & & 10,933 & & & & 13,623 & & & & 10,900 & & & & 49,336 & & & & 49,732 & \\ \hline Nonrecurring income (2) & & & (463 & ) & & & (1,381 & ) & & & (15 & ) & & & (2,003 & ) & & & 24 & & & & (3,862 & ) & & & (8,257 & ) \\ \hline Total revenue & & $ & 64,445 & & & $ & 62,982 & & & $ & 59,699 & & & $ & 60,870 & & & $ & 62,775 & & & $ & 247,996 & & & $ & 240,304 & \\ \hline & & & & & & & & & & & & & & \\ \hline Noninterest expense & & $ & 31,334 & & & $ & 31,763 & & & $ & 30,699 & & & $ & 31,234 & & & $ & 31,315 & & & $ & 125,030 & & & $ & 123,307 & \\ \hline Pre-tax amortization expense & & & (658 & ) & & & (695 & ) & & & (730 & ) & & & (766 & ) & & & (825 & ) & & & (2,849 & ) & & & (3,617 & ) \\ \hline Nonrecurring expense (3) & & & 8 & & & & (888 & ) & & & 64 & & & & 236 & & & & (758 & ) & & & (580 & ) & & & (1,083 & ) \\ \hline Adjusted noninterest expense & & $ & 30,684 & & & $ & 30,180 & & & $ & 30,033 & & & $ & 30,704 & & & $ & 29,732 & & & $ & 121,601 & & & $ & 118,607 & \\ \hline & & & & & & & & & & & & & & \\ \hline Efficiency ratio & & & 50.34 & % & & & 50.64 & % & & & 53.09 & % & & & 53.01 & % & & & 49.86 & % & & & 51.74 & % & & & 51.85 & % \\ \hline Efficiency ratio (FTE) (1) & & & 47.61 & % & & & 47.92 & % & & & 50.31 & % & & & 50.44 & % & & & 47.36 & % & & & 49.03 & % & & & 49.36 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Average earning assets & & $ & 6,502,405 & & & $ & 6,467,545 & & & $ & 6,395,251 & & & $ & 6,241,434 & & & $ & 6,451,545 & & & $ & 6,402,554 & & & $ & 6,486,444 & \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest margin & & & 3.01 & % & & & 2.96 & % & & & 2.86 & % & & & 3.01 & % & & & 3.00 & % & & & 2.96 & % & & & 2.89 & % \\ \hline Net interest margin (FTE) (1) & & & 3.23 & % & & & 3.16 & % & & & 3.06 & % & & & 3.20 & % & & & 3.20 & % & & & 3.16 & % & & & 3.07 & % \\ \hline & & & & & & & & & & & & & & \\ \hline Net interest spread & & & 2.88 & % & & & 2.79 & % & & & 2.70 & % & & & 2.84 & % & & & 2.83 & % & & & 2.80 & % & & & 2.68 & % \\ \hline Net interest spread (FTE) (1) & & & 3.09 & % & & & 3.00 & % & & & 2.89 & % & & & 3.03 & % & & & 3.02 & % & & & 3.01 & % & & & 2.86 & % \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & These amounts are presented on a fully taxable-equivalent basis and are non-GAAP measures. \\ \hline (2) & These adjustments may include net gain or loss on sale of securities available for sale in the periods where applicable. \\ \hline (3) & These adjustments may include loss on redemption of subordinated notes, foreclosure expenses and branch closure expenses, in the periods where applicable. \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=ODQ2NDk4OSM0Njk4NDkxIzIwMjA3ODU=) [Image](https://ml.globenewswire.com/media/MDk2NzYzMjMtMGQzNS00NzBjLTk5ODYtODhkYjQwNmYzOWU5LTEwMzIxMTk=/tiny/Southside-Bancshares-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/aa49cc34-70bd-47d4-9f5b-94b3374a9abb) Source: Southside Bancshares, Inc.
Stock Price 4 days before: 42.0556
Stock Price 2 days before: 43.3726
Stock Price 1 day before: 43.1535
Stock Price at release: 41.0449
Risk-Free Rate at release: 0.0004
Symbol: BGS
Security: B&G Foods, Inc.
Related Stocks/Topics: Technology|DES|CMP|VGR|VBR|IWN
Title: Is WisdomTree U.S. SmallCap Dividend ETF (DES) a Strong ETF Right Now?
Type: News
Publication: Zacks
Publication Author: Zacks Equity Research
Date: 2022-01-28
Article: The WisdomTree U.S. SmallCap Dividend ETF (DES) made its debut on 06/16/2006, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Small Cap Value category of the market. **What Are Smart Beta ETFs?**The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. **Fund Sponsor & Index** The fund is managed by Wisdomtree, and has been able to amass over $1.80 billion, which makes it one of the larger ETFs in the Style Box - Small Cap Value. This particular fund seeks to match the performance of the WisdomTree U.S. SmallCap Dividend Index before fees and expenses. The WisdomTree U.S. SmallCap Dividend Index is a fundamentally weighted index measuring the performance of the small-capitalization segment of the US dividend-paying market. **Cost & Other Expenses** Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.Operating expenses on an annual basis are 0.38% for DES, making it on par with most peer products in the space.The fund has a 12-month trailing dividend yield of 2.46%. **Sector Exposure and Top Holdings** Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Financials sector - about 27.40% of the portfolio. Industrials and Consumer Discretionary round out the top three. When you look at individual holdings, Vector Group Ltd (VGR) accounts for about 1.66% of the fund's total assets, followed by B&g Foods Inc (BGS) and Compass Minerals International (CMP).Its top 10 holdings account for approximately 12.06% of DES's total assets under management. **Performance and Risk** The ETF has lost about -6.52% and is up about 14.32% so far this year and in the past one year (as of 01/28/2022), respectively. DES has traded between $27.09 and $33.79 during this last 52-week period.The ETF has a beta of 1.17 and standard deviation of 29.36% for the trailing three-year period, making it a medium risk choice in the space. With about 569 holdings, it effectively diversifies company-specific risk. **Alternatives** WisdomTree U.S. SmallCap Dividend ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Russell 2000 Value ETF (IWN) tracks Russell 2000 Value Index and the Vanguard SmallCap Value ETF (VBR) tracks CRSP U.S. Small Cap Value Index. IShares Russell 2000 Value ETF has $14.52 billion in assets, Vanguard SmallCap Value ETF has $24.87 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. **Bottom Line** To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit [Zacks ETF Center](https://www.zacks.com/funds/etfs/). **Want key ETF info delivered straight to your inbox?** Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. [Get it free >>](https://www.zacks.com/registration/newsletter/?type=FND&adid=NASDAQ_CONTENT_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_SMARTBETAETF_01282022&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. [Click to get this free report](http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [WisdomTree U.S. SmallCap Dividend ETF (DES): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=DES&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [B&G Foods, Inc. (BGS): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BGS&ADID=NASDAQ_CONTENT_ZER_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Compass Minerals International, Inc. (CMP): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CMP&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vector Group Ltd. (VGR): Free Stock Analysis Report](http://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VGR&ADID=NASDAQ_CONTENT_ZR_ARTCAT_SMARTBETAETF&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Vanguard SmallCap Value ETF (VBR): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=VBR&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [iShares Russell 2000 Value ETF (IWN): ETF Research Reports](http://www.zacks.com/registration/pfp/?ALERT=ETF225&adid=NASDAQ_CONTENT_ETF_ARTCAT_SMARTBETAETF&d_alert=rd_final_rank&t=IWN&split=1&cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [To read this article on Zacks.com click here.](http://www.zacks.com/stock/news/1858831/is-wisdomtree-u-s-smallcap-dividend-etf-des-a-strong-etf-right-now?cid=CS-NASDAQ-FT-smart_beta_etf-1858831) [Zacks Investment Research](http://www.zacks.com/)
Stock Price 4 days before: 31.8664
Stock Price 2 days before: 31.5722
Stock Price 1 day before: 30.5161
Stock Price at release: 30.7769
Risk-Free Rate at release: 0.0004
Symbol: HIVE
Security: HIVE Blockchain Technologies Ltd.
Related Stocks/Topics: Markets|FNKO|CPNG|RDCM
Title: 7 Hidden-Gem Stocks to Buy for the Long-Term
Type: News
Publication: InvestorPlace
Publication Author: Faisal Humayun
Date: 2022-01-29
Article: [InvestorPlace - Stock Market News, Stock Advice & Trading Tips](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral) The current market outlook seems to be slightly jittery. Geopolitical tensions coupled with the prospects of a rate hike have impacted sentiments. However, it’s these market conditions that are conducive for stocks to buy for the medium- to long-term. It’s worth noting that even with depressed market sentiments, businesses are likely to do well as the pandemic becomes endemic. Further, rate hikes might be capped if asset markets continue to respond negatively. I am therefore not expecting a very deep correction.One investment rule that never fails is buying a stock when it’s not in the limelight. When everyone is talking about or recommending a company’s shares, it’s already in the euphoria stage and overvalued. Of course, any under-the-radar stock has to be backed by solid business fundamentals.My methodology for finding stocks to buy that are flying under the radar is simple: Focus on sectors that have multi-year tailwinds. Even a quick scan through stocks in the sector will show a few interesting names. - [10 Stocks to Buy That Could Make You a Millionaire in 2022](https://investorplace.com/2022/01/10-stocks-to-buy-that-could-make-you-a-millionaire-in-2022/?utm_source=Nasdaq&utm_medium=referral) Let’s look at seven stocks to buy that deserve greater investor attention. I believe these hidden-gem stocks are poised for a rally in 2022 and also look good for the long-term. - **Rada Electronics** (NASDAQ: [RADA](https://investorplace.com/stock-quotes/rada-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Hive Blockchain** (NASDAQ: [HIVE](https://investorplace.com/stock-quotes/hive-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Funko** (NASDAQ: [FNKO](https://investorplace.com/stock-quotes/fnko-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Radcom** (NASDAQ: [RDCM](https://investorplace.com/stock-quotes/rdcm-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Tencent Music** (NYSE: [TME](https://investorplace.com/stock-quotes/tme-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Coupang** (NYSE: [CPNG](https://investorplace.com/stock-quotes/cpng-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) - **Volcon** (NASDAQ: [VLCN](https://investorplace.com/stock-quotes/vlcn-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) **Stocks to Buy: Rada Electronics ([RADA](https://www.nasdaq.com/market-activity/stocks/RADA)))** [Large satellite against a backlit cloudy sky](https://investorplace.com/wp-content/uploads/2021/01/military-radar-1600-300x169.jpg) Source: Dejan Lazarevic / Shutterstock.comRADA stock is a small-cap name that’s still flying under the radar. The company is a seller of defense electronics and has witnessed healthy growth in the last few years.As an overview, Rada Electronics is focused on tactical radars for the global defense industry. The company believes the [total addressable market](https://www.rada.com/wp-content/uploads/2022/01/RADA-Investors-January-2022.pdf) for the segment is in excess of $6 billion. This provides ample growth opportunities for the long-term.The company’s revenue growth has already been robust. For 2020, Rada clocked growth of 105% followed by growth of 70% in 2021. Even for the current year, the company expects growth in excess of 20%.With Rada aiming to be a market leader in the tactical radar segment, I would not be surprised if growth accelerates. The company expects [organic revenue of $250 million](https://www.rada.com/blog/rada-forecasts-revenues-of-140-million-for-2022-and-presents-its-medium-term-organic-revenue-goal-of-250-million) over the next three to four years. Improving margins and a healthy cash buffer provide flexibility for investment in research and innovation. Overall, RADA stock is among the top hidden-gem stocks to buy for the long-term. With high geopolitical tensions globally, the company has positive industry tailwinds to accelerate growth. **Hive Blockchain ([HIVE](https://www.nasdaq.com/market-activity/stocks/HIVE)))** [An abstract concept image for blockchain and cryptocurrencies.](https://investorplace.com/wp-content/uploads/2021/04/blockchain-2-300x169.jpg) Source: ShutterstockWhen we talk about **Bitcoin** (CCC: [BTC-USD](https://investorplace.com/cryptocurrency/btc-usd/?utm_source=Nasdaq&utm_medium=referral)) mining companies, the names that usually come to mind are **Marathon Digital** (NASDAQ: [MARA](https://investorplace.com/stock-quotes/mara-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Riot Blockchain** (NASDAQ: [RIOT](https://investorplace.com/stock-quotes/riot-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). But a lesser-known name with growth potential is Hive Blockchain.With the recent crash in Bitcoin, HIVE stock has corrected significantly. Over the last month, the stock has fallen by 43%. I believe this is a good buying opportunity for long-term investors.As an overview, Hive Blockchain is a diversified cryptocurrency miner. Currently, the company is involved in the mining of Bitcoin and **Ethereum** (CCC:** [ETH-USD](https://investorplace.com/cryptocurrency/eth-usd/?utm_source=Nasdaq&utm_medium=referral)**). One reason to be bullish on Hive is the rapid growth in miner deployment that’s likely to continue in 2022. For the [second quarter](https://www.hiveblockchain.com/investors/presentation/) of 2022, the company reported revenue of $52.6 million. Revenue growth was almost four times that of Q3 2021.Furthermore, Hive Blockchain has been in diversification mode. The company already has 4.9% stake in **DeFi Technologies**(OTCMKTS: [DEFTF](https://investorplace.com/stock-quotes/deftf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)). This gives Hive exposure to the fast-growing world of decentralized finance. Additionally, Hive has 3.4% stake in **Network Entertainment**(OTCMKTS: [NETWF](https://investorplace.com/stock-quotes/netwf-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), which gives exposure to the non-fungible token (NFT) segment. - [7 Hot Stocks Poised to Get Even Hotter in Q1 ](https://investorplace.com/2022/01/7-hot-stocks-poised-to-get-even-hotter-in-q1/?utm_source=Nasdaq&utm_medium=referral) Overall, HIVE stock looks significantly oversold. Gradual accumulation can be considered at current levels. As sentiment regarding the crypto world improves, the stock can quickly double. **Stocks to Buy: Funko ([FNKO](https://www.nasdaq.com/market-activity/stocks/FNKO)))** [A stack of Funko Pop! boxes from Funko (<a href=](https://investorplace.com/wp-content/uploads/2021/03/fnko-stock-1-300x169.jpg) FNKO)." width="300" height="169">Source: Lutsenko_Oleksandr / Shutterstock.comFNKO stock has trended higher by 39% over a 12-month period. However, I believe it’s among the most attractive stocks to buy that are relatively unnoticed. From a valuation perspective, FNKO stock trades at a forward price-to-earnings (P/E) ratio of 12.8x. This indicates potential for further upside. As an overview, Funko is a pop culture lifestyle brand. The company produces vinyl figures, action toys, plush toys, apparel and board games. Recently, the company has also ventured into the NFT space.For Q3 2021, Funko reported [sales growth](https://investor.funko.com/news-and-events/press-releases/Press-Releases/2021/Funko-Reports-Third-Quarter-2021-Sales-of-267.7-Million-Up-40.0/default.aspx) of 40% to $267.7 million. Sales in the United States increased by 35.7%. However, European [sales growth](https://s24.q4cdn.com/627994544/files/doc_financials/2021/q3/Earnings-Presentation-Draft-2021.11.04.pdf) was 65.7%. The company also has some presence in other international markets, a key reason to believe revenue growth is likely to remain robust.In Q3 2021, the company launched its Digital Pop! NFT collections, which Funko claims all sold out in minutes. The company has also launched a digital marketplace in partnership with **TokenWave**.From a financial perspective, Funko reported operating cash flow (OCF) of $78.8 million for Q3 2021. This implies an annualized OCF of $315 million. As of September 2021, the company had a total liquidity buffer of $193.2 million. With ample financial flexibility, there is scope for aggressive expansion. **Radcom ([RDCM](https://www.nasdaq.com/market-activity/stocks/RDCM)))** [5G digital hologram floating over a phone on a city background. representing 5g stocks investing for the next decade](https://investorplace.com/wp-content/uploads/2020/07/5g1600g-300x169.jpg) Source: Fit Ztudio / Shutterstock.com Among small-cap names, RDCM stock is a quality name to consider for the long-term. Radcom is a provider of 5G-ready, cloud-native, network intelligence solutions. Its customers are telecommunications operators transitioning to 5G.For Q3 2021, the company [reported revenue](https://radcom.com/latest-news/radcom-reports-third-quarter-2021-results/) of $10.2 million. Radcom believes the [global addressable market](https://radcom.com/wp-content/uploads/2021/11/RADCOM-Ltd-Corporate-Overview-November-2021-1.pdf) for its 5G solutions is $2.7 billion. Therefore, there is ample headroom for revenue upside.Another point to note is that 75% of the company’s revenue was recurring in nature for the first nine months of 2021. This indicates its subscription-based cloud model provides long-term revenue visibility. Radcom already has multi-year contracts with operators that include **AT&T** (NYSE: [T](https://investorplace.com/stock-quotes/t-stock-quote/?utm_source=Nasdaq&utm_medium=referral)), **Rakuten** (OTCMKTS: [RKUNY](https://investorplace.com/stock-quotes/rkuny-stock-quote/?utm_source=Nasdaq&utm_medium=referral)) and **Veon**(NASDAQ: [VEON](https://investorplace.com/stock-quotes/veon-stock-quote/?utm_source=Nasdaq&utm_medium=referral)).I also like that the company is currently investing 60% of its revenue in research and development. From a balance sheet perspective, the company has zero debt and a cash buffer of $67 million. This provides flexibility for investing in accelerating growth. - [7 Dividend Paying Stocks With Large Share Buyback Programs](https://investorplace.com/2022/01/7-dividend-paying-stocks-with-large-share-buyback-programs/?utm_source=Nasdaq&utm_medium=referral) As the number of multi-year contracts swell, the company is positioned for healthy expansion in its EBITDA margin. Overall, RDCM can be a potential cash flow machine over the next few years. **Stocks to Buy: Tencent Music (TME)** [Tencent Music (TME) logo on an iphone screen](https://investorplace.com/wp-content/uploads/2020/03/tme-stock-1-300x169.jpg) Source: rafapress/Shutterstock.comAfter a massive correction, it seems TME stock has bottomed out. At a forward P/E of 15.7x, the stock is worth considering.It’s worth noting the company has healthy fundamentals. However, regulatory headwinds in China have impacted stock sentiment. TME stock, however, does seem poised for a reversal.As of Q3 2021, Tencent reported 636 million [monthly active users](https://ir.tencentmusic.com/2021-11-08-Tencent-Music-Entertainment-Group-Announces-Third-Quarter-2021-Unaudited-Financial-Results) (MAUs) for mobile online music. On a year-over-year basis, the MAUs declined by 1.5%. However, for the same period, paying users increased by 37.7% to 71.2 million. The company also had strong MAUs of 205 million in the social entertainment segment.For Q3 2021, Tencent Music also reported operating cash flow of $248 million. This implies an annualized OCF potential of $1 billion. As the number of paid subscribers increase, the company cash flow is likely to swell further. Another important point to note is that as of Q3 2021, the company reported cash and short-term investments of $3.8 billion. There is ample financial flexibility to invest. Key focus areas for expansion include music production, licensed content and social entertainment. **Coupang ([CPNG](https://www.nasdaq.com/market-activity/stocks/CPNG)))** [The Coupang (CPNG stock) campus in Silicon Valley, California.](https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg) Source: Michael Vi / Shutterstock.comCPNG stock has disappointed with a decline of over 54% in the last six-months. With a sustained decline, the stock seems to have fallen off the radar for most investors. However, I believe the correction presents a good buying opportunity.For Q3 2021, Coupang reported [revenue growth](https://s27.q4cdn.com/765243554/files/doc_financials/2021/q3/2021-Q3_Earnings-Release_F-(wdesk)_Nov-12.pdf) of 48% and gross profit growth of 62%. Cash burn has sustained on higher marketing activities. However, it’s worth noting that average revenue per active customer has continued to increase. With operating leverage, Coupang is positioned for healthy cash flows in the next few years.Another point to note is that Coupang is looking at international expansion. The company already has presence in Japan and Singapore. With cash and equivalents of $3.9 billion, the company has ample financial flexibility to pursue aggressive expansion. In particular, the Southeast Asian market is likely to be a gamechanger. Besides core commerce, Coupang has also seen healthy growth for Rocket Fresh, the company’s fresh grocery offering. The fulfillment center for Rocket Fresh was likely to double by the end of 2021 as of last November. - [7 Utility Stocks to Buy Despite the Heating Crisis](https://investorplace.com/2022/01/7-utility-stocks-to-buy-despite-the-heating-crisis/?utm_source=Nasdaq&utm_medium=referral) Overall, CPNG stock gives investors good exposure to the Asian e-commerce market. The company has ample scope for growth as it expands into more markets in the next few years. **Stocks to Buy: Volcon (VLCN)** [A gloved hand resting on the handles of a motorcycle.](https://investorplace.com/wp-content/uploads/2021/10/vlcn1600-300x169.jpg) Source: ShutterstockAmong small-cap stocks to buy, VLCN stock looks attractive. From its 52-week high near $18, the stock has seen meaningful correction to current levels around $4.30. This seems like a good buying opportunity.As an overview, Volcon is an off-road powersports vehicle company. Currently, the company has two- and four-wheel motorcycles and utility terrain vehicles. The company already [commenced shipping](https://ir.volcon.com/news-events/press-releases/detail/26/volcon-reports-third-quarter-2021-financial-report-and) of Grunts, its electric motorcycle, in September 2021. The two-wheeler is currently being shipped across the U.S. and Latin America. In the current year, Grunts will also be available in Canada, Europe and Africa. The company has ambitious global expansion plans with likely inroads in Southeast Asia and Australia by 2023.Volcon also has more launches in the pipeline. In the two-wheeler segment, the Runt is scheduled for [commercial deliveries](https://www.volcon.com/runt-explore) in 2022. Additionally, in the four-wheeler utility terrain vehicle segment, the Stag and Project X are in the pipeline.Therefore, the company is still at an early growth stage. With a wider addressable market plus an increase in distribution network and visibility, the outlook seems optimistic. VLCN stock looks attractive for the medium- to long-term at current levels.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that [InvestorPlace.com](http://investorplace.com/%22%20/t%20%22_blank)’s writers disclose this fact and warn readers of the risks.Read More: [Penny Stocks — How to Profit Without Getting Scammed](https://investorplace.com/2014/05/fraud-penny-stocks-scams/?utm_source=Nasdaq&utm_medium=referral) On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the [InvestorPlace.com](http://investorplace.com/) [Publishing Guidelines](https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&utm_medium=referral).[Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Sponsored Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:) [Promoted Links](https://popup.taboola.com/en/?template=colorbox&utm_source=nasdaq-nasdaq&utm_medium=referral&utm_content=thumbnails-a-mid:Mid%20Article%20Thumbnails:)[](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) [Big or small, Ooni has the oven for you. Discover the Koda range Ooni Pizza Ovens Learn More](https://ooni.com/blogs/ooni-insights/get-to-know-the-ooni-koda-family?utm_source=taboola&utm_medium=cpc&utm_campaign=US%20-%20Broad%20-%20Brand%20Awareness%20-%20Desktop%20-%2018083412&tblci=GiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4#tblciGiDpRZ-6wpv0g3WIJpvJq8f6ePasoDK_fPB4ErKHFl3NlyDA6Fgoy-S637vz3LmUATCl7E4) Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.The post [7 Hidden-Gem Stocks to Buy for the Long-Term](https://investorplace.com/2022/01/7-hidden-gem-stocks-to-buy-for-the-long-term/?utm_source=Nasdaq&utm_medium=referral) appeared first on [InvestorPlace](https://investorplace.com/?utm_source=Nasdaq&utm_medium=referral).
Stock Price 4 days before: 1.87848
Stock Price 2 days before: 1.90877
Stock Price 1 day before: 1.7788
Stock Price at release: 1.89116
Risk-Free Rate at release: 0.0004
Last Article for Current Stock:
Symbol: TRUP
Security: Trupanion, Inc.
Related Stocks/Topics: Markets|ALL|CHWY|LMND
Title: 1 Top-Dog Pet Stock for the Long Run
Type: News
Publication: The Motley Fool
Publication Author: Kaustubh Deshmukh (KD)
Date: 2022-01-29
Article: Pets are family, and we care for their health and happiness as such. But it's difficult for pet owners to accurately budget for the health expenses of their pets when they get sick or injured. **Trupanion** [(NASDAQ: TRUP)](https://www.nasdaq.com/market-activity/stocks/trup), a leading medical insurance provider for pets, helps pet owners eliminate the uncertainty around the cost of pet healthcare. As the company keeps growing rapidly, investors have three key reasons to take a closer look. **Pet insurance is in its early days** When Darryl Rawlings was 14, his family couldn't afford surgery for his pet dog Mitzi. Inspired by this experience, Rawlings founded Trupanion in 2000 with the mission of making the best possible medical care more affordable and accessible to pet owners. Pet insurance has grown in popularity over the past two decades, yet owners of less than 3% of the 180 million pet dogs and cats in North America have enrolled for insurance. The US and Canada are lagging behind some European counterparts such as the UK and Sweden, where 25% and 40% of pets are covered by insurance, respectively. Considering that 120 million of the pets in North America visit the vets every year, the potential market opportunity for Trupanion can be very compelling if North America's pet insurance adoption can reach even a fraction of what we see in Europe. [Young couple lovingly holding their dog.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F663209%2Fhappycouplepetnewdoganimalpetowner.jpg&w=700) Image source: Getty Images. **Trupanion has built strong moat with two decades of learnings** Insurance companies succeed in part by being able to reasonably accurately forecast payouts to their customers. As an early entrant in the industry, Trupanion has a natural edge over its competition from its two decades of data on pets of different breeds, pet care expenses, and pet owners. Insights from this data help Trupanion assess the risk of each policy more precisely, and price its policies to avoid losing money.The company, with its growing understanding of pet care, is also offering more and more value to customers. Trupanion believes it offers the broadest coverage in the industry with comprehensive lifetime coverage for pets, encompassing hereditary and congenital conditions without payout limits. More and more customers are choosing Trupanion, sticking with their insurance plans, and paying more. \begin{table}{|c|c|c|c|c|c|c|} \hline CUSTOMER METRICS & 2016 & 2017 & 2018 & 2019 & 2020 & 2021* \\ \hline Total pets enrolled (thousands) & 344 & 423 & 521 & 647 & 863 & 1,104 \\ \hline Average monthly retention & 98.60% & 98.63% & 98.60% & 98.58% & 98.71% & - \\ \hline Monthly avg. revenue per pet & $47.82 & $52.07 & $54.34 & $57.52 & $60.37 & - \\ \hline \end{table} SOURCE: Company earnings release. (*2021 numbers are from Jan thru Sep 2021) The company has developed strong relationships with veterinarians, whose credibility makes customers likelier to enroll when vets recommend Trupanion's services. Trupanion has a dedicated sales staff working with vets, and offers those vets a patented software platform to the vets that streamlines the financial aspects of pet healthcare for vets and owners alike. The software can send vets offices direct insurance payments right when customers check out, eliminating extra paperwork and saving everyone time and effort. It also provides vets all the relevant information about the pet in question and its past treatments, claims, and preexisting conditions. Vets and owners can review various treatment options, and make an informed decision for the next course of action. These benefits have helped Trupanion establish a strong competitive moat.Trupanion has translated its early lead and large market opportunity into rapid revenue growth. At the end of the third quarter, Trupanion reached 1.1 million total enrolled pets, up 37% year over year. Over the first nine months of 2021, the company grew revenue 40% year over year, reaching $504.6 million. Trupanion has now grown revenue more than 20% for 56 consecutive quarters. **Long-term vision and efficient execution for continued success** Trupanion has a leading position in its industry, but it faces growing competition. There are established competitors such as **Nationwide Insurance** and **Allstate**, emerging competitors such as **Lemonade**, and specialized smaller pet insurance providers such as Healthy Paws.Trupanion will have to keep reinventing its business and execute with a clearly defined long-term strategy to fend off the competition. Founder-CEO Rawlings has laid out a five-year plan that aims for $1.5 billion in annual revenue by 2025. To attain this goal, Trupanion plans to expand its partnerships, enter international markets, develop additional types of pet insurance more suitable to different segments of customers, and also introduce new product categories such as pet food and GPS devices for locating pets. The company recently partnered with the popular online pet food and services company **Chewy**, letting Chewy's 20 million customers buy Trupanion's insurance plans on Chewy's website. Although the two companies haven't disclosed the details of the partnership, it gives Trupanion access to a very large cohort of potential customers.Investors should remember that Trupanion is not profitable yet as the company continues to invest in technology, sales, and marketing to drive growth. For the first nine months of 2021, Trupanion spent 20.4% of its revenue in operating expenses, compared to 16.7% for the same period last year. As a result, the net loss margin worsened to about 6% from less than 1%, and the company burned $6.2 million in cash, after posting $13.2 million in free cash flow in the year-ago period. Although its losses are fairly low at this moment, investors should keep a close eye on Trupanion's operating expenses and move toward profitability. **The current pullback may be an opportunity** Similar to many high-flying growth stocks, Trupanion's shares have taken a beating as part of the larger market sell-off, down about 50% from their highs in November 2021. Even so, shares are trading at a price-to-sales valuation of around 5.6, still at the high end of its previous trading range. However, Trupanion's record of growth, its position in the industry, and the long runway in front of it likely justify that premium. Now may be a good time for long-term investors to add this strong business to their portfolio.[](https://ycharts.com/companies/TRUP/chart/)[TRUP PS Ratio](https://ycharts.com/companies/TRUP/ps_ratio) data by [YCharts](https://ycharts.com/)**10 stocks we like better than Trupanion** When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*They just revealed what they believe are the [ten best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c858cfe4-9a4f-43d8-b3d7-4d8b7e2dd9c9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTrupanion&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=b44921ec-aab5-4ad4-baef-67a3d8c18251) for investors to buy right now... and Trupanion wasn't one of them! That's right -- they think these 10 stocks are even better buys.[See the 10 stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=c858cfe4-9a4f-43d8-b3d7-4d8b7e2dd9c9&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010449%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6312%26ftm_veh%3Dbbn_article_pitch%26company%3DTrupanion&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=b44921ec-aab5-4ad4-baef-67a3d8c18251)*Stock Advisor returns as of January 10, 2022 [Kaustubh Deshmukh (KD)](https://boards.fool.com/profile/CMFPuraVida/info.aspx) owns Chewy, Inc. and Lemonade, Inc. The Motley Fool owns and recommends Chewy, Inc., Lemonade, Inc., and Trupanion. The Motley Fool has a [disclosure policy](https://www.fool.com/Legal/fool-disclosure-policy.aspx).
Stock Price 4 days before: 92.7197
Stock Price 2 days before: 92.8452
Stock Price 1 day before: 85.5163
Stock Price at release: 88.174
Risk-Free Rate at release: 0.0004
| 89.6741 |
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